#1469
Peter Unger
Overview
- Source of Wealth
- Auto repair
- Industry
- Automotive
- Residence
- Neustadt an der Waldnaab
- Marital Status
- Married
- Children
- 2
Biography
From a single location opened in 1985, Peter Unger built his namesake auto parts and repair outfit Auto-Teile-Unger (A.T.U.) into a nationwide chain.
In 2002, he sold 72% of the company for $900 million to Doughty Hanson & Co. Two years later, he sold his remaining stake for $360 million to KKR & Co.
Residing in Bavaria, Unger now invests in listed companies, startups and both residential and commercial real estate throughout Germany.
Investments include food hygiene company aquagroup, a bike center focused on electric bicycles, and sensor technology startup Tacerion.
About
In Berlin, where he also has commercial real estate, Unger has either purchased or invested in the construction of thousands of apartments with partner Groth Gruppe.