What investment strategy does AGIC Capital focus on?

AGIC Capital focuses on Buyout, Growth strategies in the private equity space.

How many portfolio companies does AGIC Capital have?

AGIC Capital has 7 active portfolio companies and 7 completed exits and 2 funds tracked on GP Intel.

Where is AGIC Capital headquartered?

AGIC Capital is headquartered in Munich, Germany.

What is AGIC Capital's assets under management?

AGIC Capital manages approximately €2.0B in assets under management.

When was AGIC Capital founded?

AGIC Capital was founded in 2015.

What sectors does AGIC Capital invest in?

AGIC Capital invests across Industrials, Healthcare, TMT.

What are AGIC Capital's recent exits?

Recent realized exits by AGIC Capital include: Compart Systems (2025) to Puxin Electronic Technology; Farsound Aviation (2024) to Onex Partners; The Ritedose Corporation (2022) to Novo Holdings; Fotona (2021) to Vitruvian Partners; Soleras Advanced Coatings (2019) to Konfoong Materials International; Gimatic (2018) to Barnes Group, 4.0x; KraussMaffei (2018) to ChemChina.

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AGIC Capital

Munich, Germany·Founded 2015·

Buyout Growth Equity

·agic-group.com

AGIC Capital is a Euro-Asian private equity firm founded in 2015 by Henry Cai, investing in industrial technology, advanced manufacturing and healthcare companies in Europe and North America that benefit from Asian growth. The firm operates from Munich and Hong Kong with offices in London, Beijing and Shanghai, and manages around EUR 2bn across AGIC Fund I (USD 1bn, 2015) and Fund II (USD 1.2bn, 2021).

AUM

€2.0B

Funds

vintages 2015–2021

Portfolio

Exits

AGIC Capital is a Munich buyout firm with €2.0B AUM, 7 active companies and 7 exits.

SectorsIndustrials Healthcare TMT

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 7 realized deals: 3 years.
·Best return: 4.0x MOIC on Gimatic (2018).
·Top sector focus: Industrials (50% of portfolio).
·Fund cadence: ~6Y between vintages · last raise 2021.

Sector breakdown

14 companies

Industrials

7 · 50%

MedTech

3 · 21%

Deep Tech

1 · 7%

Consumer

1 · 7%

Aerospace & Defence

1 · 7%

Pharma

1 · 7%

Geography breakdown

11 geographies

Singapore

2 · 14%

Germany

2 · 14%

Switzerland

1 · 7%

Sweden

1 · 7%

Denmark

1 · 7%

France

1 · 7%

Key facts

HQMunich, Germany

Founded2015

Websiteagic-group.com

Recent exits

AGIC Capital sold Compart Systems to Puxin Electronic Technology in 2025 after 5 years.

AGIC Capital sold Farsound Aviation to Onex Partners in 2024 after 5 years.

AGIC Capital sold The Ritedose Corporation to Novo Holdings in 2022 after 5 years.

AGIC Capital sold Fotona to Vitruvian Partners in 2021 after 4 years.

Partners

Henry CaiFounder, Chairman and Managing Partner

Heiko von DewitzManaging Partner, Head of Europe

Ben MitchellPartner, Head of UK

Coverage notes

2 funds tracked, 14 portfolio companies (7 active · 7 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Henry Cai

Founder, Chairman and Managing Partner

Heiko von Dewitz

Managing Partner, Head of Europe

Ben Mitchell

Partner, Head of UK

Funds & portfolio

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

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

AGIC Fund II

Buyout2021€1.1B7 assets

Buyout

2021 · 5yr

€1.1B

–

Unrealized

7 held

Company	Entry
AP Technologies MedTech · Singapore	2023
ATEC Pharmatechnik Industrials · Germany	2022
Eulitha Deep Tech · Switzerland	2022
Grafotronic Industrials · Sweden	2022
PR electronics Industrials · Denmark	2023
Pure Trade Consumer · France	2023
Solmetex MedTech · US	2025

AGIC Fund IHarvesting

Buyout2015€920M0 assets7 exits

Buyout

2015 · 11yr

€920M

Realized

7 exits

Company	Entry	Exit	Type	Buyer	MOIC
Compart Systems Industrials · Singapore	2020	2025	Trade Sale	Puxin Electronic Technology	–
Farsound Aviation Aerospace & Defence · UK	2019	2024	Secondary	Onex Partners	–
Fotona MedTech · Slovenia	2017	2021	Secondary	Vitruvian Partners	–
Gimatic Industrials · Italy	2016	2018	Trade Sale	Barnes Group	4.0x
KraussMaffei Industrials · Germany	2016	2018	Trade Sale	ChemChina	–
Soleras Advanced Coatings Industrials · Belgium	2018	2019	Trade Sale	Konfoong Materials International	–
The Ritedose Corporation Pharma · US	2017	2022	Secondary	Novo Holdings	–

Frequently asked questions

What investment strategy does AGIC Capital focus on?: AGIC Capital focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does AGIC Capital have?: AGIC Capital has 7 active portfolio companies and 7 completed exits and 2 funds tracked on GP Intel.
Where is AGIC Capital headquartered?: AGIC Capital is headquartered in Munich, Germany.
What is AGIC Capital's assets under management?: AGIC Capital manages approximately €2.0B in assets under management.
When was AGIC Capital founded?: AGIC Capital was founded in 2015.
What sectors does AGIC Capital invest in?: AGIC Capital invests across Industrials, Healthcare, TMT.
What are AGIC Capital's recent exits?: Recent realized exits by AGIC Capital include: Compart Systems (2025) to Puxin Electronic Technology; Farsound Aviation (2024) to Onex Partners; The Ritedose Corporation (2022) to Novo Holdings; Fotona (2021) to Vitruvian Partners; Soleras Advanced Coatings (2019) to Konfoong Materials International; Gimatic (2018) to Barnes Group, 4.0x; KraussMaffei (2018) to ChemChina.