SHS Gesellschaft für Beteiligungsmanagement mbH
BuildingEuropean
HealthcareChampions
Are you ready to
shape the status quo
of healthcare?
We are.
SHS Capital · Explore our investment approach
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Tübingen · Germany
48.52° N · 9.06° E
Mission · Tübingen

We back healthcare companies with the ambition to become European champions.

Based in Tübingen, one of Germany’s recognised healthcare and life-sciences hubs, SHS has invested in innovative healthcare companies since 1993.

We combine capital with more than three decades of sector experience, a specialist network and expertise across market access, reimbursement, commercialisation, M&A and exit.

1993 Founded in Tübingen
30+ years Healthcare experience
Healthcare only Specialist investment focus
Healthcare · Private Equity
Established · Growing
Private Equity

We invest in established healthcare companies built to lead in fast-developing markets.

As Germany’s leading investor for healthcare companies, we bring not only capital, but also strategic expertise and synergies from across our portfolio into each partnership.

SHS Capital’s value proposition is further strengthened by an extensive healthcare network built over more than 30 years — spanning leading KOLs, experienced operators and seasoned industry leaders.

Established & growing Company profile
Healthcare Sector focus
30+ years Specialist network
Healthcare · Growth Financing
Commercialization · Expansion
Growth Financing

We back healthcare innovators ready to turn technology into scalable growth.

Our growth investments focus on companies that have started the commercialization of their cutting-edge technologies and are ready for their next phase of development.

Beyond capital, we provide our network and specialist expertise across approval and reimbursement in the USA and China, organizational development, marketing and sales, M&A and exit.

Commercialization Investment stage
Healthcare Sector focus
Scaling & expansion Value creation

At a
Glance

Welcome to SHS Capital.

YEARS OF HISTORY (>) 30
FUND GENERATIONS 6
INVESTMENTS
since founding (>) 75
EXITS
since founding (>) 50
SHS VI FUND VOLUME
in mEUR (~) 270
DEALFLOW
cases per year (>) 1.000

FAQ's

These are the most asked questions.

What is the average investment ticket size of SHS?

Transactions with enterprise values (EV) of up to 150m EUR are relevant for us. Our equity tickets are typically in the 10-50m EUR range.

Which regions are relevant for investments?

SHS’s core geographies are the DACH region, the Nordics, and the Benelux, but we also selectively consider opportunities in other European countries.

In which company phases do you invest?

We are specialized in healthcare companies in growth situations, which can be SMEs as well as scale-up companies. For scale-up companies, revenues with seven-digit figures as well as double-digit growth rates need to be given to be relevant for SHS.

Are you also doing minorities?

Yes, SHS is flexible in its mandate, which means we are able to invest in both, majority as well as minority situations.

How can I invest in SHS funds?

Reach out to us to explore ways of a potential partnership - for example via the contact form on our investor site.

Reach out to us to join SHS’ unique healthcare network of the leading European scientists, entrepreneurs and investors.
Talk to us