The Firm
A single Firm, organised around judgment rather than volume.
An advisory and stewardship firm with two practices and one standard. It is not a holding, a group or a portfolio, and it does not present itself as a conventional brokerage with a public catalogue.
The Firm begins with the circumstances of the matter, the authority granted and the evidence available. Its responsibility is to establish an appropriate course before momentum turns possibility into assumption. Its standing depends on the quality of the work it accepts, the discretion with which it is carried and the continuity it maintains across a matter.
Two practices operate under one standard: private advisory and stewardship for residence and ownership decisions, and selected business, ownership, commercial-property and real-asset matters.
The relationship
The Firm is distinct from the principal it serves — a family, an owner, a company or an institution. What connects them is a written mandate, agreed before work begins and revocable at the principal's request.
Continuity
The relationship is larger than the transaction.
A mandate may conclude. The understanding developed around the principal, the asset, the counterparties and the decisions made should not disappear with it.
Some matters require a defined assignment. Others benefit from a continuing relationship. Where a continuing mandate is agreed, the Firm remains involved through periodic reviews, coordination of specialist work and a maintained record of responsibilities, decisions and next steps.
Each continuing mandate defines its scope, reporting arrangements, remuneration and the circumstances requiring a further instruction. The client retains the decisions belonging to them, and appointed professionals remain responsible for their specialist work.
Where the principal wishes it, continuity may include:
- Knowledge of the ownership context
- The history of decisions taken
- An understanding of the counterparties involved
- Dependencies left unresolved
- The professional relationships assembled around the matter
- Lessons relevant to future decisions
What is kept, and for how long, follows the agreed mandate and the Privacy Notice. Client information remains the client's.
Judgment
The question is not only what can be done, but what course is justified.
The Firm does not begin with an assumed sale, acquisition, financing or restructuring. It first seeks to understand the position, the available alternatives and the responsibilities that would follow from each course. The answer may be to proceed, to prepare further, to choose another route, to wait — or not to proceed.
The Firm exercises judgment within its own mandate. Banks, authorities, counterparties and appointed professionals retain their own decisions and authority.
The Responsibility Between Disciplines
Complex matters rarely fail because expertise is absent.
They falter when essential questions remain unidentified, when professional conclusions remain disconnected, when responsibilities are unclear, or when decisions advance without sufficient evidence.
The Firm is engaged to establish coherence across these boundaries. It identifies what must be resolved, commissions the appropriate capabilities and remains responsible for the architecture and integration of the mandate.
It does not replace the independent judgment of appointed professionals. Its responsibility is to ensure that their work contributes to a coherent and properly governed course of action.
The Firm does not replace
- Legal counsel
- Tax advisers
- Financing banks
- Notaries
- Regulated investment-service providers
- Technical specialists
- Appointed brokers and agents
The Firm may
- Establish what the matter requires
- Help define responsibilities
- Assemble the appropriate professional configuration
- Maintain continuity between disciplines
- Identify unresolved dependencies
- Preserve an overall view of progression
One matter. Several disciplines. Clear responsibility.
Let the specialists carry their expertise. The Firm carries the architecture, integration and direction that properly belong to it.
What the Firm assumes
Four things are held to be true of every matter it takes on:
- I
A situation is not a product, and a principal is not a segment. Each matter is constituted on its own terms.
- II
Information is handled with discretion and shared only as appropriate to the agreed mandate, the client's authority and applicable obligations.
- III
Preparation precedes exposure. A matter that is not ready is not presented; it is made ready or left alone.
- IV
Continuity is the responsibility of the Firm. Decisions, dependencies and records are held together until the matter is closed.
The responsibilities
Both practices follow the same standard. The responsibilities undertaken in each engagement are defined and agreed in writing.
Structure
The Firm is currently conducted through DGF & Co Capital Services GmbH.
DGF & Co Capital Services GmbH
Anton-Wilhelm-Amo-Straße 45, 10117 Berlin-Mitte, Germany
HRB 219323 B
No VAT number currently assigned
The Firm is led by Dawid Solomon Goldenberg. His experience spans investment banking, business ownership and the development and operation of real assets. He works with owners to examine consequential commercial decisions and, under an agreed mandate, brings together the expertise required to carry the work forward.
Appointed professionals
The Firm is not a bank, an investment manager or an investment fund, and does not conduct deposit-taking, investment management or other regulated banking or investment services. Where a matter requires reserved or specialist legal, tax, audit, certified valuation, investment, financing, insurance or technical work, the appropriately qualified or authorised institution or professional remains responsible for that work.
Reach
The Firm works from Berlin and is approached from other centres. The markets in which it is currently able to act are Italy, Germany and Denmark.
This describes capability, not presence. The Firm maintains no office elsewhere and claims no licence it does not hold.
The Firm is intended to think beyond the immediate matter.
Tradition · Discipline · Perspective · For the generations ahead
Contact
A first approach needs no documentation, no reference and no commitment. It is read by the Firm itself.
D. GOLDENBERG FRÈRES ET CIE