What investment strategy does AFINUM Management GmbH focus on?

AFINUM Management GmbH focuses on Buyout strategies in the private equity space.

How many portfolio companies does AFINUM Management GmbH have?

AFINUM Management GmbH has 22 active portfolio companies and 12 completed exits and 4 funds tracked on GP Intel.

Where is AFINUM Management GmbH headquartered?

AFINUM Management GmbH is headquartered in Munich, Germany.

When was AFINUM Management GmbH founded?

AFINUM Management GmbH was founded in 2000.

What sectors does AFINUM Management GmbH invest in?

AFINUM Management GmbH invests across Industrials, Software, Healthcare, Business Services, Consumer.

What are AFINUM Management GmbH's recent exits?

Recent realized exits by AFINUM Management GmbH include: Threema (2026) to Comitis Capital; Kappa optronics (2026) to Theon International; FAST LTA (2024) to Summa Equity; ICONIA Group (2024) to Deutsche Invest; LIFTKET (2023) to Ardian; COTTA (2022) to L-GAM; evitria (2021) to Atlas Antibodies; Perfect Drive Sports Group (2021) to Bregal Unternehmerkapital.

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AFINUM Management GmbH

Munich, Germany·Founded 2000·

Buyout

·afinum.de

AFINUM is a Munich-based mid-cap private equity house founded in 2000, investing majority stakes in profitable DACH Mittelstand companies across industrials, software, healthcare, business services and consumer, typically in succession and growth situations, with offices in Munich, Frankfurt and Zurich.

AUM

–

Funds

vintages 2013–2026

Portfolio

Exits

AFINUM Management GmbH is a Munich buyout firm with 22 active companies and 12 exits.

SectorsIndustrials Software Healthcare Business Services Consumer

Key takeaways

·9 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 5 years.
·Top sector focus: SaaS (41% of portfolio).
·Fund cadence: ~4Y between vintages · last raise 2026.

Sector breakdown

34 companies

SaaS

14 · 41%

Consumer

5 · 15%

Industrials

4 · 12%

MedTech

3 · 9%

Business Services

3 · 9%

Hospitality

2 · 6%

Pharma

1 · 3%

Biotech

1 · 3%

Geography breakdown

4 geographies

Germany

24 · 71%

Switzerland

8 · 24%

Netherlands

1 · 3%

Liechtenstein

1 · 3%

Key facts

HQMunich, Germany

Founded2000

Employees27+

Websiteafinum.de

Recent exits

AFINUM Management GmbH sold Threema to Comitis Capital in 2026 after 6 years.

AFINUM Management GmbH sold Kappa optronics to Theon International in 2026 after 10 years.

AFINUM Management GmbH sold Fast LTA to Summa Equity in 2024 after 5 years.

AFINUM Management GmbH sold ICONIA Group to Deutsche Invest in 2024 after 9 years.

Coverage notes

4 funds tracked, 34 portfolio companies (22 active · 12 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund AFINUM Management GmbH has raised, with its portfolio companies. Hand-checked from public filings.

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

AFINUM X Buyout (2026)

Small-Mid Buyout2026€500M1 assets

Small-Mid Buyout

2026 · 0yr

€500M

–

Unrealized

1 held

Company	Entry
p36 SaaS · Germany	2026

AFINUM IX Buyout (2021)

Small-Mid Buyout2021€410M14 assets

Small-Mid Buyout

2021 · 5yr

€410M

–

Unrealized

14 held

Company	Entry
Christian Koenen Group Industrials · Germany	2022
DPS Engineering SaaS · Germany	2025
Ergon Informatik SaaS · Switzerland	2025
Fairbanks SaaS · Netherlands	2026
Fishing Base Consumer · Germany	2021
MedTech Laser Group MedTech · Germany	2024
mymediset SaaS · Germany	2023
Objektkultur Software SaaS · Germany	2024
ProJect Pharmaceutics Pharma · Germany	2025
Prologa SaaS · Germany	2024
sequrio SaaS · Germany	2025
STG Swiss Technology Group MedTech · Switzerland	2021
synaforce SaaS · Germany	2022
Zeit fuer Brot Hospitality · Germany	2022

AFINUM VIII Buyout (2017)

Small-Mid Buyout2017€410M7 assets4 exits

Small-Mid Buyout

2017 · 9yr

€410M

Unrealized

7 held

Company	Entry
It Works Group SaaS · Germany	2017
Ledlenser Consumer · Germany	2018
Lemco Precision Industrials · Switzerland	2019
Listan SaaS · Germany	2020
SanderStrothmann Business Services · Germany	2021
Tisso Naturprodukte Consumer · Germany	2021
Ventomaxx Construction · Germany	2018

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
evitria Biotech · Switzerland	2018	2021	Trade Sale	Atlas Antibodies	–
Fast LTA SaaS · Germany	2019	2024	Secondary	Summa Equity	–
Perfect Drive Sports Group Consumer · Germany	2019	2021	Secondary	Bregal Unternehmerkapital	–
Threema SaaS · Switzerland	2020	2026	Secondary	Comitis Capital	–

AFINUM VII Buyout (2013)

Small-Mid Buyout2013€280M0 assets8 exits

Small-Mid Buyout

2013 · 13yr

€280M

Realized

8 exits

Company	Entry	Exit	Type	Buyer	MOIC
Copytrend Business Services · Switzerland	2014	2018	Secondary	Helvetica Capital	–
Cotta Consumer · Liechtenstein	2014	2022	Secondary	L-GAM	–
Garz & Fricke Industrials · Germany	2017	2021	Trade Sale	SECO S.p.A.	–
ICONIA Group Business Services · Switzerland	2015	2024	Secondary	Deutsche Invest	–
Kappa optronics MedTech · Germany	2016	2026	Trade Sale	Theon International	–
Let's Go Fitness Hospitality · Switzerland	2014	2018	Secondary	Naxicap Partners	–
Liftket Industrials · Germany	2016	2023	Secondary	Ardian	–
Midoco SaaS · Germany	2016	2019	Secondary	LEA Partners	–

Frequently asked questions

What investment strategy does AFINUM Management GmbH focus on?: AFINUM Management GmbH focuses on Buyout strategies in the private equity space.
How many portfolio companies does AFINUM Management GmbH have?: AFINUM Management GmbH has 22 active portfolio companies and 12 completed exits and 4 funds tracked on GP Intel.
Where is AFINUM Management GmbH headquartered?: AFINUM Management GmbH is headquartered in Munich, Germany.
When was AFINUM Management GmbH founded?: AFINUM Management GmbH was founded in 2000.
What sectors does AFINUM Management GmbH invest in?: AFINUM Management GmbH invests across Industrials, Software, Healthcare, Business Services, Consumer.
What are AFINUM Management GmbH's recent exits?: Recent realized exits by AFINUM Management GmbH include: Threema (2026) to Comitis Capital; Kappa optronics (2026) to Theon International; FAST LTA (2024) to Summa Equity; ICONIA Group (2024) to Deutsche Invest; LIFTKET (2023) to Ardian; COTTA (2022) to L-GAM; evitria (2021) to Atlas Antibodies; Perfect Drive Sports Group (2021) to Bregal Unternehmerkapital.