What investment strategy does ATON GmbH focus on?

ATON GmbH focuses on Buyout strategies in the private equity space.

How many portfolio companies does ATON GmbH have?

ATON GmbH has 11 active portfolio companies and 3 completed exits and 1 fund tracked on GP Intel.

Where is ATON GmbH headquartered?

ATON GmbH is headquartered in Munich, Germany.

What is ATON GmbH's assets under management?

ATON GmbH manages approximately €1.2B in assets under management.

What sectors does ATON GmbH invest in?

ATON GmbH invests across Industrials, Business Services, Healthcare, TMT.

What are ATON GmbH's recent exits?

Recent realized exits by ATON GmbH include: FFT Produktionssysteme (2019) to Fosun; W.O.M. World of Medicine (2017) to Novanta.

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ATON GmbH

Munich, Germany·Founded 2001·

Buyout

·aton.de

ATON GmbH is the Munich-based evergreen industrial holding of the Helmig family, founded in 2001 by Dr. Lutz M. Helmig after the sale of Helios Kliniken. It takes long-term majority stakes in market-leading B2B companies across engineering, mining services, medical technology, aviation and digital infrastructure, funding acquisitions off its own balance sheet with an equity ratio of around 50 percent. The group generated roughly EUR 2.2 billion of operating performance in 2023 and employed about 15,600 people worldwide.

AUM

€1.2B

Funds

vintages 2001

Portfolio

Exits

ATON GmbH is a Munich buyout firm with €1.2B AUM, 11 active companies and 3 exits.

SectorsIndustrials Business Services Healthcare TMT

Key takeaways

·Average hold across 3 realized deals: 10 years.
·Top sector focus: Industrials (29% of portfolio).

Sector breakdown

14 companies

Industrials

4 · 29%

Business Services

4 · 29%

MedTech

3 · 21%

Pharma

1 · 7%

Mobility

1 · 7%

Telecom

1 · 7%

Geography breakdown

5 geographies

Germany

10 · 71%

Italy

1 · 7%

South Africa

1 · 7%

Canada

1 · 7%

Key facts

HQMunich, Germany

Founded2001

Employees15,600+

Websiteaton.de

Recent exits

ATON GmbH exited Murray & Roberts Holdings in 2025 after 7 years.

ATON GmbH sold FFT Produktionssysteme to Fosun in 2019 after 13 years.

ATON GmbH sold W.O.M. World of Medicine to Novanta in 2017 after 9 years.

Coverage notes

1 fund tracked, 14 portfolio companies (11 active · 3 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

ATON Evergreen HoldingActive

Evergreen200111 assets3 exits

Evergreen

2001 · 25yr

–

Unrealized

11 held

Company	Entry
Antriebssysteme Faurndau Industrials · Germany	2021
AspiAir Pharma · Germany	2019
Autotest Suedtirol Business Services · Italy	2022
DC Aviation Business Services · Germany	2007
ecoCOAT Industrials · Germany	2022
EDAG Engineering Group Mobility · Germany	2006
Krebs & Aulich Industrials · Germany	2021
OneFiber Interconnect Telecom · Germany	2019
OrthoScan MedTech · US	2011
Redpath Mining Business Services · Canada	2006
Ziehm Imaging MedTech · Germany	2004

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
FFT Produktionssysteme Industrials · Germany	2006	2019	Trade Sale	Fosun	–
Murray & Roberts Holdings Business Services · South Africa	2018	2025	–	–	–
W.O.M. World of Medicine MedTech · Germany	2008	2017	Trade Sale	Novanta	–

Frequently asked questions

What investment strategy does ATON GmbH focus on?: ATON GmbH focuses on Buyout strategies in the private equity space.
How many portfolio companies does ATON GmbH have?: ATON GmbH has 11 active portfolio companies and 3 completed exits and 1 fund tracked on GP Intel.
Where is ATON GmbH headquartered?: ATON GmbH is headquartered in Munich, Germany.
What is ATON GmbH's assets under management?: ATON GmbH manages approximately €1.2B in assets under management.
When was ATON GmbH founded?: ATON GmbH was founded in 2001.
What sectors does ATON GmbH invest in?: ATON GmbH invests across Industrials, Business Services, Healthcare, TMT.
What are ATON GmbH's recent exits?: Recent realized exits by ATON GmbH include: FFT Produktionssysteme (2019) to Fosun; W.O.M. World of Medicine (2017) to Novanta.