Apera Asset Management
Apera Asset Management LLP is a pan-European private debt manager founded in 2016 and headquartered in London, with offices in Germany, France and Luxembourg. The firm provides senior secured financing, through unitranche and senior debt strategies, to private-equity-backed mid-market companies across the United Kingdom, the German-speaking countries, the Nordic region, France and Benelux, with investments typically ranging from EUR 15 million to EUR 100 million. Apera manages over EUR 5 billion in assets and has committed capital to more than 75 businesses since inception. In June 2025 Franklin Templeton agreed to acquire a majority stake in the firm, a transaction completed in October 2025, with Apera continuing to operate under its own brand within Franklin Templeton's alternative-credit platform. Apera is authorised and regulated by the UK Financial Conduct Authority under firm reference number 771080.
Apera Asset Management is a London private equity firm with €5.0B AUM, 40 active companies and 7 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 7 realized deals: 3 years.
- ·Fund cadence: ~3Y between vintages · last raise 2025.
Sector breakdown
46 companiesGeography breakdown
6 geographiesKey facts
Recent exits
Apera Asset Management sold Ultima Business Solutions to Trustmarque Group in 2025 after 4 years.
Apera Asset Management sold comcross to SPIE in 2024 after 2 years.
Apera Asset Management sold Onskinery to emdequity in 2024 after 2 years.
Apera Asset Management sold FERNAO Group to VINCI Energies in 2024 after 3 years.
Coverage notes
3 funds tracked, 47 portfolio companies (40 active · 7 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Apera Asset Management has raised, with its portfolio companies. Hand-checked from public filings.
Apera Private Debt Fund IIIPrivate Debt2025€2.9B12 assetsPrivate Debt2025 · 1yr€2.9B12–
Unrealized
12 held| Company | Entry |
|---|---|
| Amoena MedTech · Germany | 2025 |
| CSP Business Services · Germany | 2025 |
| Drooms SaaS · Germany | 2026 |
| encoviva Business Services · Germany | 2025 |
| Impulsa Business Services · France | 2026 |
| Institut fuer Berufliche Bildung (IBB) Business Services · Germany | 2026 |
| Leads.io AdTech · Netherlands | 2025 |
| MEG Medical Equipment MedTech · Germany | 2025 |
| Meyra Group MedTech · Germany | 2025 |
| MontiPower Industrials · Netherlands | 2025 |
| SignalSoft Software · France | 2026 |
| Ubitec Industrials · Germany | 2025 |
Apera Private Debt Fund IIPrivate Debt2022€1.3B14 assets3 exitsPrivate Debt2022 · 4yr€1.3B143
Unrealized
14 held| Company | Entry |
|---|---|
| Bibliotheca Group Software · Switzerland | 2022 |
| Bow Medical HealthTech · France | 2022 |
| DMS Gruppe IT Services · Germany | 2023 |
| Euro Vital Pharma Pharma · Germany | 2021 |
| eurorad Deutschland Consumer · Germany | 2024 |
| Factor Eleven AdTech · Germany | 2023 |
| Objectware Group IT Services · France | 2023 |
| Rhetores Finance Financials · France | 2022 |
| Sages Informatique Software · France | 2024 |
| Sohonet Telecom · UK | 2021 |
| Sophie Lebreuilly Hospitality · France | 2025 |
| TERRAS Group Business Services · Germany | 2024 |
| Vecos Industrials · Netherlands | 2024 |
| Vice Golf Consumer · Germany | 2022 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| comcross Telecom · Germany | 2022 | 2024 | Trade Sale | SPIE | – |
| Onskinery Consumer · Austria | 2022 | 2024 | Secondary | emdequity | – |
| Ultima Business Solutions IT Services · UK | 2021 | 2025 | Recapitalization | Trustmarque Group | – |
Apera Capital Private Debt Fund IRealisingPrivate Debt2019€750M13 assets4 exitsPrivate Debt2019 · 7yr€750M134
Unrealized
13 held| Company | Entry |
|---|---|
| 7NXT Consumer · Germany | 2020 |
| Babble Cloud IT Services · UK | 2020 |
| Halo Foods Consumer · UK | 2020 |
| Kent Pharmaceuticals Pharma · UK | 2019 |
| MCL Computer & Zubehoer IT Services · Germany | 2020 |
| Qdime Group Business Services · UK | 2021 |
| Real Digital International Fintech · UK | 2021 |
| Reassured Financials · UK | 2020 |
| TC Group Business Services · UK | 2021 |
| Teknimed MedTech · France | 2021 |
| TerraQuest Solutions Software · UK | 2020 |
| TonerPartner Consumer · Germany | 2021 |
| Toolport E-commerce · Germany | 2019 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Dentex Healthcare Group Healthcare · UK | 2019 | 2023 | Trade Sale | Portman Dental Care | – |
| FERNAO Group IT Services · Germany | 2021 | 2024 | Trade Sale | VINCI Energies | – |
| Infratech Bau Construction · Germany | 2021 | 2024 | Trade Sale | SPIE | – |
| KeoBiz Business Services · France | 2020 | 2024 | Recapitalization | Kerogo Finance | – |
Other portfolio companies
1 more Apera Asset Management investment not tied to a tracked fund.
- Ostertag DeTeWe GmbH · IT Services · Germany · 2023
About Apera Asset Management
Apera Asset Management is a pan-European private credit firm with more than €5 billion of assets under management as of December 2024 (€6 billion deployed cumulatively since 2016), headquartered in London with offices across DACH, UK, Nordics, France and Benelux core markets and 60 plus professionals. The firm was founded in 2016 as an independent partner-owned platform before Franklin Templeton announced its majority acquisition in June 2025, closing in October 2025. Apera Fund III closed at €2.9 billion above its hard cap.
Investment thesis
Apera deploys capital through three flagship Apera Private Debt Funds (I, II, III) plus separately managed accounts and senior strategy vehicles, providing senior secured unitranche and senior strategies to sponsor-backed lower mid-market companies. The platform is sector-agnostic with portfolio concentration across healthcare, business services, software and technology, industrials and consumer. Geographic deployment spans Western Europe across DACH, UK, Nordics, France and Benelux core markets through four offices with 19-language coverage, supporting cross-border financing across European mid-market sponsors. The 2025 integration into Franklin Templeton's $1.5 trillion plus platform expands LP reach.
Recent activity
As a private credit lender, realised exits occur via loan refinancing or repayment rather than equity exits. Recent financings include unitranche for Bridgepoint's acquisition of Finzzle Groupe (wealth management, France, June 2025), refinancing of Terras Holding (industrials, Germany, November 2024), refinancing of ONSKINERY (consumer, 2024), £23.5 million unitranche for Seabrook (consumer and snacks, UK) and custom financing for Sophie Lebreuilly (consumer, France). The platform has completed more than 100 transactions to date.
Frequently asked questions
- How many portfolio companies does Apera Asset Management have?
- Apera Asset Management has 40 active portfolio companies and 7 completed exits and 3 funds tracked on GP Intel.
- Where is Apera Asset Management headquartered?
- Apera Asset Management is headquartered in London, United Kingdom.
- What is Apera Asset Management's assets under management?
- Apera Asset Management manages approximately €5.0B in assets under management.
- When was Apera Asset Management founded?
- Apera Asset Management was founded in 2016.
- What sectors does Apera Asset Management invest in?
- Apera Asset Management invests across Healthcare, Business Services, Industrials, Software.
- What are Apera Asset Management's recent exits?
- Recent realized exits by Apera Asset Management include: Ultima Business Solutions (2025) to Trustmarque Group; comcross (2024) to SPIE; ONSKINERY (2024) to emdequity; FERNAO Group (2024) to VINCI Energies; Infratech Bau (2024) to SPIE; KeoBiz (2024) to Kerogo Finance; Dentex Healthcare Group (2023) to Portman Dental Care.
Similar firms
Other private equity firms tracked on GP Intel.