About

We see HR as an integral component of value creation. People are the most undervalued asset. HR is primarily viewed and evaluated from a purely qualitative perspective. We transform this into a quantitative one. With our approach and model, we provide a tool to transparently and reliably quantify the contribution of Human Capital to increasing company value.

For investors, the human dimension is often the least modelled — yet the most decisive — driver of value.

The Precision Engine for Human Capital Valuation was created to change that.

Our Precision Engine reveals how leadership quality, organisational health, and cultural resilience translate into measurable financial outcomes.

We bring together financial analytics and Human Capital intelligence to quantify what has long been treated as intuition. The result: a new lens for investors — one that links people dynamics to enterprise performance, deal value, and exit potential.

Key perspectives:

Value through precision: Identify how human capital drives EBITDA, risk, and resilience
Human Alpha: Detect leadership alignment and cultural strength before they appear in the numbers
Beyond multiples: Integrate people data into valuation, due diligence, and portfolio steering
Hatcount enables investors to see what others overlook — the human architecture behind enterprise value

HATS

"FINDING INSPIRATION IN EVERY TURN"

Adeline Wehrhahn

Human Capital

"The only place where success comes before work is in the dictionary. Because People truely count"

Adeline Wehrhahn combines strategic HR expertise with entrepreneurial thinking. She demonstrates how people, structures, and culture can be specifically developed to make value creation measurable.

Adeline Wehrhahn founded Hatcount because she believes that Human Capital is at the heart of every growth strategy. As a former investment banker, she combines strategic HR expertise with entrepreneurial thinking and has extensive experience supporting organizations through phases of transformation and growth. She brings to her clients the ability to develop people, structures, and culture in ways that measurably translate into company value.

Dr. Martin Aschenbach

Value Creation

"Quantifying Human Capital as Enterprise value. Because people are the most undervalued asset class"

Dr. Martin Aschenbach has 25 years of experience in corporate finance and M&A and worked with and for leading Private Equities and Family Offices. He calculates how Human Capital shapes company value and translates HR metrics into clear cash flow and valuation logic for investors.

Dr. Martin Aschenbach knows from more than 25 years of experience in corporate finance and M&A (aschenbach+Partner) how crucial human capital is for sustainable corporate value. He brings the analytical depth of a corporate finance expert and combines it with his experience in increasing the value of portfolio companies. His focus is on translating the impact of HR metrics into concrete cash flow effects and valuation logic for investors.