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Apera Asset Management

Apera Asset Management

London, United Kingdom·Founded 2016·apera-am.com

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.

AUM
€5.0B
Funds
3
vintages 2019–2025
Portfolio
40
Exits
7

Apera Asset Management is a London private equity firm with €5.0B AUM, 40 active companies and 7 exits.

Key takeaways
  • ·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 companies
Business Services
8 · 17%
IT Services
6 · 13%
Consumer
6 · 13%
MedTech
4 · 9%
Software
4 · 9%
Industrials
3 · 7%
AdTech
2 · 4%
Telecom
2 · 4%

Geography breakdown

6 geographies
Germany
21 · 46%
UK
11 · 24%
France
9 · 20%
Netherlands
3 · 7%
Switzerland
1 · 2%
Austria
1 · 2%

Key facts

HQLondon, United Kingdom
Founded2016
Employees60+

Recent exits

Apera Asset Management sold Ultima Business Solutions to Trustmarque Group in 2025 after 4 years.

comcross

Apera Asset Management sold comcross to SPIE in 2024 after 2 years.

ONSKINERY

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.

3 funds
Apera Private Debt Fund III
Private Debt2025€2.9B12 assets

Unrealized

12 held
CompanyEntry
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 II
Private Debt2022€1.3B14 assets3 exits

Unrealized

14 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
comcross
Telecom · Germany
20222024Trade SaleSPIE–
Onskinery
Consumer · Austria
20222024Secondaryemdequity–
Ultima Business Solutions
IT Services · UK
20212025RecapitalizationTrustmarque Group–
Apera Capital Private Debt Fund IRealising
Private Debt2019€750M13 assets4 exits

Unrealized

13 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Dentex Healthcare Group
Healthcare · UK
20192023Trade SalePortman Dental Care–
FERNAO Group
IT Services · Germany
20212024Trade SaleVINCI Energies–
Infratech Bau
Construction · Germany
20212024Trade SaleSPIE–
KeoBiz
Business Services · France
20202024RecapitalizationKerogo Finance–

Other portfolio companies

1 more Apera Asset Management investment not tied to a tracked fund.

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.
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Last updated August 2026 · Sourced from public filings · Report an issue