Scherzer & Co. Aktiengesellschaft: management transactions · Germany · BaFin

About Scherzer & Co. Aktiengesellschaft

Scherzer & Co. Aktiengesellschaft is a German listed investment company headquartered in Cologne, Germany, and traded on Xetra/Frankfurt (DAX/MDAX/SDAX) in the Scale segment of the open market. Founded in 1880, the company restarted its investment activities in the mid-2000s and has since built a clear niche around special situations, corporate actions, and value-oriented equity investments. It is not a conventional bank or asset manager; rather, it is a quoted holding company whose core objective is long-term value creation for shareholders. Scherzer’s strategy is built on two complementary pillars. First, it allocates capital to more defensive or security-oriented investments, including value stocks and securities where the downside appears partially protected by structural features of the situation, such as restructuring processes, squeeze-outs, compensation claims, or other capital-market events. Second, it also invests in companies with higher upside potential, provided the risk is considered manageable and the underlying business model appears durable. This blend of caution and opportunism is central to the company’s identity. Operationally, Scherzer manages a diversified portfolio of listed equity holdings and compensation or appraisal-related claims, with a noticeable focus on Germany and the wider German-speaking market. The company consistently presents itself as one of the leading listed investment vehicles in the field of special situations and corporate actions. Its competitive position stems from its ability to identify complex legal and event-driven catalysts, maintain a solid balance sheet, and monetize favorable strategic or judicial outcomes. Recent developments underline that profile. In January 2026, Scherzer reported preliminary full-year 2025 earnings in positive territory, alongside an improved NAV. In May 2026, the company highlighted a material value contribution from a completed Generali Deutschland Holding appraisal proceeding. In December 2025, it also extended its ongoing share buyback programme, signalling active capital management. For French-, Belgian- and Swiss-based investors, Scherzer therefore stands out as a German micro/small-cap special situations investor with exposure to idiosyncratic catalysts and value realization from complex event-driven cases.