Adjust
GermanyWho owns Adjust?
Adjust is a German AdTech company, now owned by AppLovin, which acquired it in 2021 from Active Venture Partners, Capnamic Ventures and Eurazeo.
Hand-verified · updated 2026-09-30
Open JSON · CC-BY
Key facts
- ·Fully exited in 2021 to AppLovin.
- ·Best return: 2.5x MOIC by Eurazeo (2021 exit).
- ·Average hold across 3 realized cycles: 5 years.
Ownership history
3 ownership periods · co-invest detected
Active Venture Partners sold Adjust to AppLovin in 2021 after 7 years.
Capnamic Ventures sold Adjust to AppLovin in 2021 after 7 years.
Eurazeo sold Adjust to AppLovin in 2021 after 2 years.
More from Eurazeo Growth Fund III
Other portfolio companies in the same fund.
France
US
Spain
NetherlandsMore PE-backed in AdTech
Comparable adtech deals from other GPs.
ItalyQuestions
Who owns Adjust?
Adjust is now owned by AppLovin, which acquired it in 2021 from Active Venture Partners, Capnamic Ventures and Eurazeo.
When did AppLovin acquire Adjust?
AppLovin acquired Adjust in 2021, buying from Active Venture Partners, Capnamic Ventures and Eurazeo.
Who did Adjust sell to?
Active Venture Partners, Capnamic Ventures and Eurazeo sold Adjust to AppLovin in 2021 (Trade Sale), 2.5x return.
Who has owned Adjust over time?
Adjust has been through 3 private-equity ownership periods: Active Venture Partners · via Amerigo Innvierte Spain Ventures · 2014–2021 · sold to AppLovin · (Trade Sale); Capnamic Ventures · via Capnamic Fund I · 2014–2021 · sold to AppLovin · (Trade Sale); Eurazeo · via Eurazeo Growth Fund III · 2019–2021 · sold to AppLovin · (Trade Sale) · 2.5x.