Corporate Structure Update: Delaware Holding and Munich Operations
As of April 2026, the firm has implemented a strategic organizational structure consisting of a Delaware holding company and a German operating entity based in Munich. This dual-entity arrangement separates the holding functions from the active business operations conducted within Germany.
Operating in Munich, Bavaria
The firm’s German operating entity is situated in Munich, the capital and most populous city of Bavaria, Germany. As of November 30, 2024, Munich had a population of 1,604,384, establishing it as the third-largest city in Germany, trailing only Berlin and Hamburg.
Munich serves as a primary hub for the firm’s German activities. The city is a significant administrative and economic center, characterized by its role as the capital of the state of Bavaria.
Key Takeaways of the Operational Setup
- Holding Entity: The firm utilizes a holding company registered in Delaware.
- Operating Entity: Active operations are managed through a German entity.
- Primary Location: The German operations are headquartered in Munich, Bavaria.
- Regional Context: The operating hub is located in Germany’s third-largest city.
Summary and Outlook
By maintaining a Delaware holding structure and a Munich-based operating entity, the firm establishes a presence in both the United States and Germany. The choice of Munich provides the firm with a base in one of Germany’s most populous and significant urban centers, positioning its operating entity within the heart of Bavaria.