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ADCURAM Group

ADCURAM Group

Munich, Germany·Founded 2003··adcuram.com

ADCURAM Group is a Munich-based, owner-managed evergreen industrial holding founded in 2003 that acquires German-speaking Mittelstand companies through succession solutions and corporate carve-outs, then develops them operationally via a buy-and-build approach. It invests permanent balance-sheet capital rather than a time-limited fund, deploying up to about EUR 150m per acquisition and targeting companies with revenues roughly between EUR 50m and EUR 250m. Across roughly 3,000 employees its holdings generate over EUR 500m in combined revenue, spanning machinery, building products, prefabricated housing, sensor technology, contract research and industrial services. The M&A and operations activity is run by a small central team led from the Theatinerstrasse headquarters in Munich.

AUM
€300M
Funds
1
vintages 2003
Portfolio
6
Exits
12
SectorsIndustrialsConsumerBusiness ServicesHealthcare

Key facts

HQMunich, Germany
Founded2003
Employees10+

Recent exits

MEA Group
Industrials · 2026 · 8yr hold
Garbe-Gruppe
Business Services · 2023 · 4yr hold
WOUNDWO Sonnenlichtdesign
Consumer · 2022 · 7yr hold
Bien Zenker
Consumer · 2017 · 4yr hold

Coverage notes

1 fund tracked, 18 portfolio companies (6 active · 12 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund ADCURAM Group has raised, with its portfolio companies. Hand-checked from public filings.

1 fund
ADCURAM Group HoldingEvergreen
2003 · 23yr6 active · 12 realized

Unrealized

6 held
DanhausActive
ConsumerGermany· Entry 2021
ConsumerGermany· Entry 2021
ConsumerGermany· Entry 2021
IndustrialsGermany· Entry 2019
StreifActive
ConsumerGermany· Entry 2021
VitrulanActive
IndustrialsGermany· Entry 2016

Realized

12 exits
Bien ZenkerExited 2017
ConsumerGermany· Entry 2013
Secondaryto
CaseTechExited 2011
IndustrialsGermany· Entry 2008
Secondaryto
Citrique BelgeExited 2016
IndustrialsBelgium· Entry 2010
Secondaryto
Duran GroupExited 2014
IndustrialsGermany· Entry 2005
Secondaryto
Garbe-GruppeExited 2023
Business ServicesGermany· Entry 2019
Trade Saleto
Hanse HausExited 2017
ConsumerGermany· Entry 2014
Secondaryto
HenneckeExited 2016
IndustrialsGermany· Entry 2008
Secondaryto
IMA KlessmannExited 2015
IndustrialsGermany· Entry 2005
Trade Saleto
IndustrialsGermany· Entry 2004
Secondaryto
MEA GroupExited 2026
IndustrialsGermany· Entry 2018
Secondaryto
NuvisanExited 2014
HealthcareGermany· Entry 2010
Secondaryto
ConsumerAustria· Entry 2015
Trade Saleto
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Last updated July 2026 · Sourced from public filings