Adiuva Capital
Adiuva Capital is a Hamburg-based, entrepreneur-backed small and mid-cap private equity investor founded in 2011, independent of institutional interests and investing equity of EUR 10-100m per transaction in profitable German-speaking mid-sized companies via succession, growth and buy-and-build. It has raised over EUR 800m across three funds and invested in more than 20 companies, and currently holds around ten portfolio companies employing over 5,000 people. Notable exits include Advita to DomusVi (2021), goetel to Basalt Infrastructure (2021), HWP to Goldbeck Robens (2023), KONZMANN to KLAR Partners (2025) and the NTA Group to Deutsche Private Equity (2026).
Adiuva Capital is a Hamburg buyout firm with €800M AUM, 8 active companies and 11 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 11 realized deals: 5 years.
- ·Top sector focus: Telecom (32% of portfolio).
- ·Fund cadence: ~6Y between vintages · last raise 2022.
Sector breakdown
19 companiesGeography breakdown
2 geographiesKey facts
Recent exits
Adiuva Capital sold NTA Systemhaus (NTA Group) to Deutsche Private Equity (DPE) in 2026 after 4 years.
Adiuva Capital sold TTSP HWP Group to Tikehau Capital in 2025 after 2 years.
Adiuva Capital sold KONZMANN Gruppe to KLAR Partners in 2025 after 9 years.
Adiuva Capital sold Mebus MIM-Technik to Acrotec Group in 2024 after 6 years.
Coverage notes
3 funds tracked, 19 portfolio companies (8 active · 11 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Adiuva Capital has raised, with its portfolio companies. Hand-checked from public filings.
Adiuva Fund IIISmall-Mid Buyout2022€300M4 assets2 exitsSmall-Mid Buyout2022 · 4yr€300M42
Unrealized
4 held| Company | Entry |
|---|---|
| Advellence Solutions Data & Analytics · Switzerland | 2023 |
| Kuebler Sport Consumer · Germany | 2025 |
| Lausitzer Mediengruppe Telecom · Germany | 2025 |
| miecom-Netzservice Telecom · Germany | 2026 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| NTA Systemhaus (NTA Group) Business Services · Germany | 2022 | 2026 | Secondary | Deutsche Private Equity (DPE) | – |
| TTSP HWP Group Business Services · Germany | 2023 | 2025 | Trade Sale | Tikehau Capital | – |
Adiuva Fund IIActiveEvergreen20163 assets5 exitsEvergreen2016 · 10yr–35
Unrealized
3 held| Company | Entry |
|---|---|
| J.A. Woll-Handels Consumer · Germany | 2020 |
| Sanecum Gruppe Healthcare · Germany | 2019 |
| Stiegeler Internet Service Telecom · Germany | 2018 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| goetel Gruppe Telecom · Germany | 2017 | 2021 | Secondary | Basalt Infrastructure Partners | – |
| HWP Handwerkspartner Business Services · Germany | 2019 | 2023 | Secondary | Goldbeck Robens Industrial Partners | – |
| KONZMANN Gruppe Business Services · Germany | 2016 | 2025 | Secondary | KLAR Partners | – |
| Mebus MIM-Technik Industrials · Germany | 2018 | 2024 | Trade Sale | Acrotec Group | – |
| SOCO Network Solutions Telecom · Germany | 2016 | 2019 | Secondary | Basalt Infrastructure Partners | – |
Adiuva Fund IActiveEvergreen20111 assets4 exitsEvergreen2011 · 15yr–14
Unrealized
1 held| Company | Entry |
|---|---|
| Lebensbaum Gruppe Consumer · Germany | 2015 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| advita Pflegedienst Healthcare · Germany | 2014 | 2021 | Trade Sale | DomusVi | – |
| Ascopharm Gruppe Consumer · Germany | 2012 | 2019 | Trade Sale | point-rouge | – |
| bn:t Blatzheim Networks Telecom Telecom · Germany | 2015 | 2019 | Secondary | Basalt Infrastructure Partners | – |
| Gesellschaft fuer Bioanalytik (GBA) Healthcare · Germany | 2011 | 2016 | Secondary | Quadriga Capital | – |
Frequently asked questions
- What investment strategy does Adiuva Capital focus on?
- Adiuva Capital focuses on Buyout, Growth strategies in the private equity space.
- How many portfolio companies does Adiuva Capital have?
- Adiuva Capital has 8 active portfolio companies and 11 completed exits and 3 funds tracked on GP Intel.
- Where is Adiuva Capital headquartered?
- Adiuva Capital is headquartered in Hamburg, Germany.
- What is Adiuva Capital's assets under management?
- Adiuva Capital manages approximately €800M in assets under management.
- When was Adiuva Capital founded?
- Adiuva Capital was founded in 2011.
- What sectors does Adiuva Capital invest in?
- Adiuva Capital invests across Healthcare, Consumer, Business Services, TMT, Software.
- What are Adiuva Capital's recent exits?
- Recent realized exits by Adiuva Capital include: NTA Systemhaus (NTA Group) (2026) to Deutsche Private Equity (DPE); TTSP HWP Group (2025) to Tikehau Capital; KONZMANN Gruppe (2025) to KLAR Partners; Mebus MIM-Technik (2024) to Acrotec Group; HWP Handwerkspartner (2023) to Goldbeck Robens Industrial Partners; goetel Gruppe (2021) to Basalt Infrastructure Partners; advita Pflegedienst (2021) to DomusVi; SOCO Network Solutions (2019) to Basalt Infrastructure Partners.
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