The zwei.7 Group builds sustainable real estate and enterprise values.


The zwei.7 Equity GmbH is an investment company that acquires interests in medium-sized enterprises with proven business models. In addition to capital, we contribute our entrepreneurial experience and extensive network to the benefit of our portfolio companies. More on this shortly.

Real estate

The zwei.7 Real Estate Holding GmbH is a real estate investment and management company headquartered in Osnabrück. Our core business is real estate in medium-sized German cities, in which we invest as part of a “buy and hold” strategy.


The galerie w focuses on painting and photography by young, promising creatives. In collaboration with artists, galleries and collectors, different artistic perspectives are shown here in changing solo or group exhibitions.

Karsten Wulf

Managing Partner
zwei.7 Holding GmbH

  • Degree in Business Management at the University of Osnabrück
  • Leadership Management Programme at the University of St. Gallen
  • Over 30 years of entrepreneurship + 3 years as board member in the Association of Young Entrepreneurs (Bund junger Unternehmer)
  • Awards: Entrepreneur of the Year 2002, second fastest-growing company in Europe, TOP Job
  • Foundation, expansion and sale of the buw Group with over 6,000 employees to the international Convergys Holding Group in 2016
  • Founder and partner of the zwei.7 Group

Olaf Bock

Chief Executive Officer
zwei.7 Equity GmbH

  • Degree in Journalism, Modern History and Political Science at the University of Münster
  • Certified Private Equity Analyst
  • Board member of the Association of the German Software Industry, predecessor to Bitkom
  • 30 years of experience in expansion management
  • Foundation and exit from several trading companies (B2B and B2C)
  • Chief Executive Officer of zwei.7 Equity GmbH

Jörg Hänscheid

Chief Executive Officer
zwei.7 Real Estate Holding GmbH

  • Degree in Commercial Law from Cologne University of Applied Sciences
  • MBA/Master of International Business at USC in Australia
  • Over 10 years of experience in the real estate business, including 3 in Vancouver (Canada)
  • Chief Executive Officer of zwei.7 Real Estate Holding GmbH

Norbert Früchtl

Chief Executive Officer
zwei.7 Beteiligungs-
manufaktur GmbH

  • Diploma in international business administration, ESB Reutlingen
  • MBA with a focus on Industrial Administration, Purdue University, USA
  • 15 years of experience in M&A and private equity, including at Rothschild and Cross Equity
  • Strategic development of medium-sized companies as an advisory board
  • Managing Director of zwei.7 Beteiligungs-
    manufaktur GmbH