Private Equity Firms in Germany81

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ADCURAM Group AG
Germany
PE / VC
investors
investors
Industry
Construction
Electronics
Industrial
+1
Stage
Series B
Region
North America
Europe
Asia
Size
$50-100 m
AFINUM Management GmbH
Germany
PE / VC
investors
investors
Industry
Business Services (B2B)
Construction
+14
Stage
Series B
Region
Europe
Size
$1-5 m
Aheim Capital GmbH
Germany
PE / VC
investors
investors
Industry
Chemicals
Industrial
IT Services
+8
Stage
Series B
Region
Europe
Size
$5-10 m
Allegra Capital GmbH
Germany
PE
investors
investors
Industry
Automotive
Business Services (B2B)
+6
Stage
Series B
Region
Europe
Size
$10-50 m
Alstin Capital
Germany
PE / VC
Industry
Business Services (B2B)
Construction
+21
Stage
Seed
Series B
Region
Europe
Size
$1-5 m
APX
Germany
PE / VC
Industry
Education
Edtech
Financial Services
+10
Stage
Seed
Region
Europe
Size
$1-5 m
AQAL Capital
Germany
PE / VC
investors
investors
Industry
Business Services (B2B)
Financial Services
+17
Stage
Seed
Series B
Region
North America
Europe
Size
$1-5 m
Aquila Capital
Germany
PE
investors
investors
Industry
Biotechnology
Industrial
Real Estate
+8
Stage
Series B
Region
Europe
Size
$1-5 m
ARCADIA Beteiligungen Bensel Tiefenbacher & Co. GmbH
Germany
PE
investors
investors
Industry
Automotive
Electronics
Fashion/Beauty
+1
Stage
Series B
Region
Europe
Size
$10-50 m
ARCUS Capital AG
Germany
PE / VC
investors
investors
Industry
Business Services (B2B)
Marketing and Advertising
+9
Stage
Series B
Region
Europe
Size
$1-5 m
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Top Private Equity Firms in Germany

Germany, the largest economy in Europe, is also a hotspot for private equity and venture capital investment. With a strong industrial base, vibrant technology ecosystem, and a growing startup scene, Germany is home to several prominent private equity firms that play a vital role in driving business transformation, succession, and economic growth.

From medium-sized companies to large corporations, the country’s investment firms are helping scale innovation through strategic ownership and tailored financing models.

In this article, we’ll explore the top private equity firms in Germany, highlighting their investment focus, capital management strategies, and contributions to the local and international economy.

1. Triton Partners

Headquartered in Frankfurt, Triton Partners is one of Germany’s most influential private equity firms. Founded in 1997, Triton focuses on investments in medium-sized companies across industrials, healthcare, services, and consumer sectors. The firm has invested in over 80 companies with a combined turnover exceeding €18 billion.

Triton is known for its operational excellence model and long-term capital management approach, partnering with leadership teams to enhance business value. With notable investments like FläktGroup and Deutsche Radiologie Holding, Triton remains a leader in private equity financing for transformative German businesses.

2. Deutsche Beteiligungs AG (DBAG)

Deutsche Beteiligungs AG, operating in Frankfurt, is a publicly listed private equity firm with a strong track record in Germany’s mid-market. DBAG focuses on investing in industrial companies, often in traditional sectors such as machinery, automation, and automotive supply.

The firm manages approximately €2.5 billion in assets and emphasizes long-term partnerships. Some of their notable investments include R+S Group, Cloudflight, and duagon.

3. AUCTUS Capital Partners

Munich’s AUCTUS Capital Partners is one of Germany’s most active private equity fund managers, specializing in lower mid-market firms in the DACH region. With over 350 investments and exits, AUCTUS has built a reputation for agile deal-making and aggressive buy-and-build strategies.

AUCTUS focuses on companies with €10M–€150M in annual revenues, particularly in sectors like healthcare, software, education, and B2B services.

4. Deutsche Private Equity (DPE)

Deutsche Private Equity is a highly regarded private equity firm from Munich, focusing on growth-stage medium-sized companies in Germany, Austria, and Switzerland. Founded in 2007, the firm has raised over €3 billion in total capital, making it one of the leading players in Germany’s private equity fund landscape.

DPE provides long-term venture capital and growth financing to family-run businesses and firms in transition. Key sectors include industrials, healthcare, and tech.

5. HQ Capital

With its German roots dating back to the Harald Quandt family office, HQ Capital is a globally recognized investment company specializing in private equity fund-of-funds and direct co-investments. Operating from offices in New York and Frankfurt, HQ Capital manages over $13 billion in global assets and works closely with institutional partners across Europe.

The firm’s German presence is focused on small to medium-sized enterprises across industries like manufacturing, healthcare, and business services.

6. Capiton AG

Capiton AG in Berlin is an independent capital firm managing over €1.5 billion in assets. The firm focuses on medium-sized companies in the industrial, medtech, and chemical sectors, often participating in management buyouts and growth financing rounds.

With a long-term, partnership-based model, Capiton supports companies with annual revenues between €30M and €300M. Their strategy balances patient capital with active governance.

7. GENUI

Founded by entrepreneurs and investors in Hamburg, GENUI is a purpose-driven private equity firm focusing on long-term value creation. GENUI emphasizes sustainability, governance, and impact as part of its core investment thesis.

GENUI typically invests in established companies generating €15M–€150M in annual revenues. Sectors include consumer goods, education, digital transformation, and healthcare.

8. EMERAM Capital Partners

EMERAM Capital Partners is a private equity firm focused on growth and buyout investments in mid-sized companies in the DACH region. The firm manages over €500 million in capital from their headquarters in Munich.

It targets industries such as business services, software/IT, and consumer & retail. Their investment model emphasizes long-term development, operational improvement, and digital transformation.

9. Ufenau Capital Partners

Ufenau Capital Partners is a Switzerland- and Germany-focused private equity firm with offices in Zurich and Frankfurt. Ufenau specializes in investments in business services, education, healthcare, and financial services.

The firm targets succession situations and fragmented markets suitable for consolidation. Ufenau is known for building platform companies through strategic acquisitions.

Let’s Recap

Germany is a powerhouse of mid-market and industrial innovation, and its private equity ecosystem reflects that strength. From buy-and-build specialists like AUCTUS to sustainability-oriented firms like GENUI, the country’s PE landscape offers diverse opportunities for entrepreneurs and investors alike.

If you're a founder, business owner, or advisor in Germany, finding the right partner is crucial. Private Equity List helps streamline this process, offering an easy-to-use platform to identify and connect with the most relevant PE firms.

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Frequently Asked Questions

Private equity plays a crucial role in Germany’s mittelstand—the backbone of the country’s economy, composed of medium-sized companies. Private equity firms in Germany provide essential financing, strategic input, and operational guidance to help these businesses scale, innovate, and expand internationally.
Most German private equity firms target medium-sized and family-owned businesses with solid growth potential. These typically fall within industries like software, healthcare, education, and manufacturing. Firms like DPE Deutsche Private Equity GmbH and AUCTUS Capital Partners commonly invest in companies generating €10M–€300M in revenue.
Germany’s private equity landscape is known for long-term relationships, conservative capital management, and a focus on succession financing. Many firms prefer steady, sustainable growth over aggressive takeovers, often partnering with founders who stay involved in company operations.
Yes. While venture capital typically targets startups and early-stage companies, some firms—like GENUI and HQ Capital—straddle both fields. They provide growth financing to innovative companies while maintaining the structure and governance of a traditional private equity fund.
Use platforms like Private Equity List to search by sector, location, and funding stage. Whether you’re seeking a private equity fund, a hybrid investment company, or a growth-stage venture capital partner, you’ll find trusted firms operating in cities like Munich, Frankfurt, and Berlin.