List of the 200 Largest Private Equity Investors Germany [2023]

Product Overview

Contains the largest German private equity investors for management buyouts, management buyins, spin-offs, carve-outs, growth, crisis and succession situations.

Outstanding depth of detail: Where available, detailed information on capital under management (AUM), investment focus, investment sizes, portfolio companies, contact details, management, etc.

High-quality lists thanks to manual data maintenance by an experienced research team in Munich. Boutique research instead of unchecked crawler data.

List of 3 private equity investors in Germany

In the following we introduce you to some relevant German private equity investors. We present insights about their investment focus, portfolio companies and general information.

1. Triton Beratungsgesellschaft GmbH

Triton is a private equity company based in Frankfurt/Main and has offices in Luxembourg, the UK, Italy, the Scandinavian countries, New York and Shanghai. This makes the international approach clear. The company was founded in 1997 with funds from KfW, the World Bank and several Swedish family foundations. It is a German-Swedish initiative. The family of IKEA founder Kamprad, who has since died, is also said to be involved. The company is one of the most important private equity funds in Germany.

Since Triton’s launch in 1997, it has made more than 70 equity investments. Currently (as of mid-2019), the investment portfolio includes 38 companies with combined annual sales of €14 billion and 72,000 employees. To date, the investment commitment has been made via eight closed-end funds in which institutional investors “outside of Triton” are also involved - pension funds, sovereign wealth funds, foundations and insurance companies. The investment focus is on larger medium-sized companies - preferably from the service, consumer goods and healthcare sectors as well as industry. In addition to equity investments, Triton also invests to a lesser extent in debt capital, for which purpose the Triton Debt Opportunities Fund (TDO) was established.

Update 2023: Triton continues to be a very active investment company, which is also manifested in the growth to now EUR 18.1 billion assets under management. Most recently, the dogado group, which has been held in the portfolio since 2015, was sold to the international private equity firm Cinven and the leading global investor Ontario Teachers’ Pension Plan Board. An excellent deal - also for dogado itself, a leading hosting provider in the DACH region. During Triton’s involvement, the company has significantly expanded its product portfolio, successfully integrated more than 30 acquisitions, increased revenues from EUR 2 million to EUR 120 million, and increased the number of employees from 12 to more than 500.

2. AUCTUS Capital Partners AG

AUCTUS Capital Partners is an independent, owner-managed Munich investment company that has been in existence since 2001. The business model consists of the acquisition of investments in medium-sized companies - with a focus on, but not limited to, private equity in Germany, Austria and Switzerland. AUCTUS invests directly itself, but also uses capital from external investors. Companies with an annual turnover between 10 million Euro and 150 million Euro, a stable and positive profit situation as well as good prospects are sought after for investments. The investment partners attach importance to a solid risk structure and excellent management.

When selecting investment partners AUCTUS focuses on specific investment occasions, typically

• upcoming successions;

• spin-offs from existing companies;

• constellations with management buy-ins (MBI) and management buy-outs (MBO);

• growth financing via equity capital increases;

A selection is also made on a sector-specific basis. AUCTUS concentrates on companies from the sectors of health care and healthcare, private education, business services, consumer goods and consumer services as well as on “hidden champions” from medium-sized industrial companies in niche segments. Since AUCTUS was founded, more than 150 investments have been made. Currently (mid 2019) the fund portfolio consists of 21 platform investments in a total of 50 companies. The fund capital amounts to more than EUR 500 million. Examples for current investments are:

• JR Holding: the JR Group of Companies in Ingolstadt is a temporary employment agency founded in 2009 with meanwhile more than 20 locations nationwide;

• Holmes Place Germany: is an operator of large-scale “luxury” fitness studios in premium locations in German cities;

• Team Electric: is a Finnish company with a global orientation and carries out electrical installations on cruise ships, ferries and yachts.

3. palero capital GmbH

palero capital is a Munich-based private equity fund that acquires stakes in companies with the aim of achieving sustained value growth through operational improvements. The investment focus is on companies spun off from corporate groups and companies in restructuring processes. palero capital not only wants to provide “fresh money” with its investments, but also to develop its investment partners in an advisory capacity and thus create added value.