What investment strategy does Armira focus on?

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

How many portfolio companies does Armira have?

Armira has 23 active portfolio companies and 6 completed exits and 3 funds tracked on GP Intel.

Where is Armira headquartered?

Armira is headquartered in Munich, Germany.

What is Armira's assets under management?

Armira manages approximately €5.0B in assets under management.

What sectors does Armira invest in?

Armira invests across Industrials, Healthcare, Software, Consumer, Business Services.

What are Armira's recent exits?

Recent realized exits by Armira include: agn Niederberghaus & Partner (2025) to Adagia Partners; EWM (2025) to ESAB; ESG Elektroniksystem- und Logistik (2024) to HENSOLDT; Boxine (tonies) (2021) to 468 SPAC I SE; F24 (2020) to Hg; Mehler Vario System (2020) to DPE Deutsche Private Equity.

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Armira

Munich, Germany·Founded 2008·

Buyout Growth Equity

·armira.de

Armira is a Munich-based investment holding founded in 2008 by Alexander Schemann that invests permanent capital from entrepreneur families and long-term institutions in majority stakes in Mittelstand companies (EUR 20-200m tickets, DACH and Northern Italy) alongside Armira Growth (EUR 10-100m growth capital, Fund I of EUR 200m) and Armira Opportunities minority investments. The platform manages around EUR 5bn; its latest flagship fundraising closed above hard cap in November 2025 with EUR 1bn deployable including co-investments.

AUM

€5.0B

Funds

vintages 2008–2025

Portfolio

Exits

Armira is a Munich buyout firm with €5.0B AUM, 23 active companies and 6 exits.

SectorsIndustrials Healthcare Software Consumer Business Services

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 6 realized deals: 5 years.

Sector breakdown

29 companies

Aerospace & Defence

4 · 14%

Mobility

2 · 7%

SaaS

2 · 7%

HR Tech

2 · 7%

Pharma

2 · 7%

Consumer

2 · 7%

IT Services

2 · 7%

MedTech

2 · 7%

Geography breakdown

5 geographies

Germany

23 · 79%

Austria

2 · 7%

Switzerland

2 · 7%

Greece

1 · 3%

Netherlands

1 · 3%

Key facts

HQMunich, Germany

Founded2008

Websitearmira.de

Recent exits

Armira sold agn Niederberghaus & Partner to Adagia Partners in 2025 after 7 years.

Armira sold EWM to ESAB in 2025 after 3 years.

Armira sold ESG Elektroniksystem- und Logistik to HENSOLDT in 2024 after 8 years.

Armira took Boxine (tonies) public in 2021 after 2 years.

Partners

Alexander SchemannFounder and Managing Partner

Christian BaillyManaging Partner

Dr. Florian TappeinerManaging Partner, Armira Growth

Coverage notes

3 funds tracked, 29 portfolio companies (23 active · 6 realized). Verified weekly from public filings and deal announcements.

Investment team

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

Alexander Schemann

Founder and Managing Partner

Christian Bailly

Managing Partner

Dr. Florian Tappeiner

Managing Partner, Armira Growth

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Armira III

Buyout2025€1.0B0 assets

Buyout

2025 · 1yr

€1.0B

–

No portfolio companies tracked yet.

Armira Growth Fund I

Growth2021€200M10 assets

Growth

2021 · 5yr

€200M

–

Unrealized

10 held

Company	Entry
Aviloo Mobility · Austria	2026
Ftapi Cybersecurity · Germany	2025
Meteomatics Data & Analytics · Switzerland	2025
nyra health HealthTech · Austria	2026
osapiens SaaS · Germany	2023
PartSpace AI/ML · Germany	2025
TYTAN Technologies Aerospace & Defence · Germany	2026
Wemolo Mobility · Germany	2022
Workwise HR Tech · Germany	2022
Yoummday HR Tech · Germany	2022

Armira EvergreenActive

Evergreen2008€5.0B13 assets6 exits

Evergreen

2008 · 18yr

€5.0B

Unrealized

13 held

Company	Entry
almapharm Pharma · Germany	2024
alphacaps Consumer · Germany	2023
Factor Eleven AdTech · Germany	2023
FileWave Software · Switzerland	2018
INTEC Industrie-Technik Aerospace & Defence · Germany	2024
MobiLab Solutions IT Services · Germany	2023
Osypka MedTech · Germany	2025
PflegeButler Healthcare · Germany	2021
PharOS Pharma · Greece	2024
Salesfive IT Services · Germany	2021
Scheu-Dental MedTech · Germany	2019
United Gamers Group E-commerce · Germany	2024
Viabus Hospitality · Netherlands	2026

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
agn Niederberghaus & Partner Business Services · Germany	2018	2025	Secondary	Adagia Partners	–
Boxine (tonies) Consumer · Germany	2019	2021	IPO	468 SPAC I SE	–
ESG Elektroniksystem- und Logistik Aerospace & Defence · Germany	2016	2024	Trade Sale	HENSOLDT	–
EWM Industrials · Germany	2022	2025	Trade Sale	ESAB	–
F24 SaaS · Germany	2017	2020	Secondary	Hg	–
Mehler Vario System Aerospace & Defence · Germany	2014	2020	Secondary	DPE Deutsche Private Equity	–

Frequently asked questions

What investment strategy does Armira focus on?: Armira focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Armira have?: Armira has 23 active portfolio companies and 6 completed exits and 3 funds tracked on GP Intel.
Where is Armira headquartered?: Armira is headquartered in Munich, Germany.
What is Armira's assets under management?: Armira manages approximately €5.0B in assets under management.
When was Armira founded?: Armira was founded in 2008.
What sectors does Armira invest in?: Armira invests across Industrials, Healthcare, Software, Consumer, Business Services.
What are Armira's recent exits?: Recent realized exits by Armira include: agn Niederberghaus & Partner (2025) to Adagia Partners; EWM (2025) to ESAB; ESG Elektroniksystem- und Logistik (2024) to HENSOLDT; Boxine (tonies) (2021) to 468 SPAC I SE; F24 (2020) to Hg; Mehler Vario System (2020) to DPE Deutsche Private Equity.