Two Groups One Strategy
Mervanda Capital bridges two distinct parties — Asian investors seeking quality European exposure, and German business owners looking for a trusted successor
Asian Family Offices & Private Capital
We bring qualified Asian investors access to premium European deal flow — businesses that are stable, cash-generating, and impossible to find through standard channels
- Deal-by-deal transparency — no blind pool
- Regulated structure with annual audits
- Deal-by-deal access to vetted, profitable German SMEs
- Target returns: stable yield + sale-leaseback upside where applicable
- Minimum ticket: available on enquiry
German SME Owners & Intermediaries
We acquire profitable German businesses where the owner is ready to retire. We are serious buyers — with committed capital and a clear vision for what comes next
- Businesses with €5M–€20M enterprise value
- Profitable operations, strong customer base
- Owner succession — respectful, structured process
- We preserve what made the business good
- M&A advisors and brokers welcome
The Edge Most Funds Don't Have
Most buyers chasing the German succession wave offer either a blind pool or a growth story that depends on unproven execution. We offer neither. We offer something rarer: a regulated, deal-by-deal platform where a single family office can put capital into one specific, underwritten German SME — with full transparency and a manager who understands both sides of the transaction
Every deal is evaluated individually. There is no blind pool. You see exactly what you are investing in before you commit a single dollar
Where Deals Are Structured
Mervanda operates across key financial centres in Asia — from deal origination to final close
Regulated & Transparent
Incorporated in Labuan since 2017. Registered with LFSA as a private mutual fund. Independent administrator, annual audits, and full compliance framework
Deal-by-Deal Clarity
No blind pool. Every investor sees the specific deal before committing. You know the business, the thesis, and the expected return before any capital moves
Fully Aligned Interests
We earn fees, equity stakes, and carried interest. Our economics are built around your returns — we only win when the deal works for you
Real Execution, Not Just Ideas
We have lived and operated businesses across Vietnam, China, Indonesia, and Malaysia for decades. We understand both the German seller's expectations and the Asian investor's requirements — and we manage the gap between them on every deal
Sectors Built for Stable Cash Flow
Every deal must pass three tests: demand stability, professionalization headroom, and a clear hold-for-yield thesis. We prioritise sectors with recurring revenue, low cyclicality, and strong IP — and favour businesses that own their operating property
Consumer Goods & FMCG
01German food, beverage, and consumer brands with loyal customer bases and recurring demand. Stable, non-discretionary end markets and established distribution relationships make these strong buy-and-hold candidates
Cosmetics & Wellness
02European beauty and wellness brands with established customer loyalty and recurring purchase cycles. German quality credentials support premium positioning and durable margins in a growing category
Industrial Niche & Manufacturing
03Specialised manufacturers with strong IP, recurring B2B contracts, and limited competition. Businesses that own their production facility offer additional value through sale-leaseback at acquisition — a key structural advantage for this sector
Technology & B2B Software
04B2B software and technology businesses with transferable IP, recurring subscription or licence revenue, and low capital intensity. Strong professionalization candidates with predictable cash flow post-acquisition
Agriculture & Food Technology
05Premium European agricultural products and sustainable food technology with established export channels and recurring buyer relationships. Stable demand, traceable supply chains, and strong brand provenance support durable pricing power
B2B Services & Light Industrial
06Service businesses and light industrial operators with recurring contracts, stable client relationships, and low capital intensity. Often owner-run, under-professionalised, and well-suited to a structured succession and hold-for-yield strategy
The People Behind Every Deal
Wai Hon Tran
Executive Director & Co-Founder
Wai Hon Tran is Co-Founder and Executive Director of Mervanda Capital, based in Ho Chi Minh City. He focuses on sourcing and structuring acquisitions of German SMEs and German real estate — connecting European deal flow with Asian capital through Mervanda's regulated Labuan platform. His background spans cross-border M&A, market entry strategy, and strategic partnerships between Europe and Asia, with particular expertise in Germany, Vietnam, China, and Malaysia
Koray Anil Akman
M&A Director
Koray is a highly dedicated and seasoned M&A consultant and project manager in transformation projects, bolstered by comprehensive IT proficiency. Unwaveringly committed to providing consistent support to clients across diverse industries, he has consistently exceeded client expectations — delivering not only their requirements but also adding substantial value beyond the agreed-upon deliverables, especially in high-volume M&A transactions
Ready to explore a deal together?
We work with a select group of investors and deal partners. If you have capital to deploy, a business to sell, or an opportunity that fits our mandate — we want to hear from you