What investment strategy does ADCURAM Group focus on?

ADCURAM Group focuses on Buyout strategies in the private equity space.

How many portfolio companies does ADCURAM Group have?

ADCURAM Group has 6 active portfolio companies and 12 completed exits and 1 fund tracked on GP Intel.

Where is ADCURAM Group headquartered?

ADCURAM Group is headquartered in Munich, Germany.

When was ADCURAM Group founded?

ADCURAM Group was founded in 2003.

What sectors does ADCURAM Group invest in?

ADCURAM Group invests across Industrials, Consumer, Business Services, Healthcare.

What are ADCURAM Group's recent exits?

Recent realized exits by ADCURAM Group include: MEA Group (2026) to French family office; Garbe-Gruppe (2023) to Heidelberg Materials; WOUNDWO Sonnenlichtdesign (2022) to SFPI Group; Bien Zenker (2017) to Equistone; Hanse Haus (2017) to Equistone; Citrique Belge (2016) to Riflebird Capital; Hennecke (2016) to Capvis; IMA Klessmann (2015) to Schelling Anlagenbau.

Home/GPs/ADCURAM Group

DetailCard

ADCURAM Group

Munich, Germany·Founded 2003·

Buyout

·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

–

Funds

vintages 2003

Portfolio

Exits

ADCURAM Group is a Munich buyout firm with 6 active companies and 12 exits.

SectorsIndustrials Consumer Business Services Healthcare

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 6 years.
·Top sector focus: Consumer (39% of portfolio).

Sector breakdown

18 companies

Consumer

7 · 39%

Industrials

5 · 28%

Construction

3 · 17%

Business Services

1 · 6%

Mobility

1 · 6%

Pharma

1 · 6%

Geography breakdown

3 geographies

Germany

16 · 89%

Belgium

1 · 6%

Austria

1 · 6%

Key facts

HQMunich, Germany

Founded2003

Employees10+

Websiteadcuram.com

Recent exits

ADCURAM Group sold MEA Group to French family office in 2026 after 8 years.

ADCURAM Group sold Garbe-Gruppe to Heidelberg Materials in 2023 after 4 years.

ADCURAM Group sold WOUNDWO Sonnenlichtdesign to SFPI Group in 2022 after 7 years.

ADCURAM Group sold Bien Zenker to Equistone in 2017 after 4 years.

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

Fund

Strategy

Vintage

Size

Assets

Exits

ADCURAM Group HoldingActive

Evergreen20036 assets12 exits

Evergreen

2003 · 23yr

–

Unrealized

6 held

Company	Entry
Danhaus Consumer · Germany	2021
Korte Einrichtungen Consumer · Germany	2021
Schwabenhaus Consumer · Germany	2021
Steinel-Gruppe Construction · Germany	2019
Streif Consumer · Germany	2021
Vitrulan Construction · Germany	2016

Realized

12 exits

Company	Entry	Exit	Type	Buyer	MOIC
Bien Zenker Consumer · Germany	2013	2017	Secondary	Equistone	–
CaseTech Industrials · Germany	2008	2011	Secondary	Equita	–
Citrique Belge Industrials · Belgium	2010	2016	Secondary	Riflebird Capital	–
Duran Group Industrials · Germany	2005	2014	Secondary	One Equity Partners	–
Garbe-Gruppe Business Services · Germany	2019	2023	Trade Sale	Heidelberg Materials	–
Hanse Haus Consumer · Germany	2014	2017	Secondary	Equistone	–
Hennecke Industrials · Germany	2008	2016	Secondary	Capvis	–
IMA Klessmann Industrials · Germany	2005	2015	Trade Sale	Schelling Anlagenbau	–
Kautex Maschinenbau Mobility · Germany	2004	2007	Secondary	Steadfast Capital	–
MEA Group Construction · Germany	2018	2026	Secondary	French family office	–
Nuvisan Pharma · Germany	2010	2014	Secondary	Family office and management	–
WOUNDWO Sonnenlichtdesign Consumer · Austria	2015	2022	Trade Sale	SFPI Group	–

Frequently asked questions

What investment strategy does ADCURAM Group focus on?: ADCURAM Group focuses on Buyout strategies in the private equity space.
How many portfolio companies does ADCURAM Group have?: ADCURAM Group has 6 active portfolio companies and 12 completed exits and 1 fund tracked on GP Intel.
Where is ADCURAM Group headquartered?: ADCURAM Group is headquartered in Munich, Germany.
When was ADCURAM Group founded?: ADCURAM Group was founded in 2003.
What sectors does ADCURAM Group invest in?: ADCURAM Group invests across Industrials, Consumer, Business Services, Healthcare.
What are ADCURAM Group's recent exits?: Recent realized exits by ADCURAM Group include: MEA Group (2026) to French family office; Garbe-Gruppe (2023) to Heidelberg Materials; WOUNDWO Sonnenlichtdesign (2022) to SFPI Group; Bien Zenker (2017) to Equistone; Hanse Haus (2017) to Equistone; Citrique Belge (2016) to Riflebird Capital; Hennecke (2016) to Capvis; IMA Klessmann (2015) to Schelling Anlagenbau.