Skip to content
Home/GPs/BU Bregal Unternehmerkapital
DetailCard
BU Bregal Unternehmerkapital

BU Bregal Unternehmerkapital

Munich, Germany·Founded 2015··bu-partners.com

DACH mid-market buyout and growth firm founded in Munich in 2015 by Florian Schick and Jan-Daniel Neumann together with the Brenninkmeijer family (C and A, COFRA), whose vehicles anchor its funds. BU invests in Mittelstand succession situations, MBOs, growth financings and corporate spin-offs with equity tickets up to EUR 300m across software, industrial technology, business services, healthcare and consumer, with a Northern Italy focus added since Fund III. EUR 7bn raised across four fund generations and nearly 160 investments (40 plus platforms, over 120 add-ons) since 2015. Dual-seat structure: founded and operationally rooted in Munich (BU Bregal Unternehmerkapital GmbH) while the group holding BU Bregal Unternehmerkapital AG has been seated in Zug since 2023; rebranded to BU in 2025. Landmark exit: EA Elektro-Automatik to Fortive at EUR 1,585m enterprise value.

AUM
€7.0B
Funds
5
vintages 2015–2026
Portfolio
32
Exits
14

BU Bregal Unternehmerkapital is a Munich buyout firm with €7.0B AUM, 32 active companies and 14 exits.

Key takeaways
  • ·12 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 14 realized deals: 4 years.
  • ·Fund cadence: ~3Y between vintages · last raise 2026.

Sector breakdown

46 companies
Software
8 · 17%
Industrials
7 · 15%
E-commerce
5 · 11%
SaaS
5 · 11%
IT Services
3 · 7%
Consumer
3 · 7%
AdTech
2 · 4%
HealthTech
2 · 4%

Geography breakdown

8 geographies
Germany
31 · 67%
Switzerland
5 · 11%
Italy
4 · 9%
Denmark
2 · 4%
Canada
1 · 2%
Netherlands
1 · 2%
Sweden
1 · 2%
Austria
1 · 2%

Key facts

HQMunich, Germany
Founded2015
Employees91+

Recent exits

Safety21

BU Bregal Unternehmerkapital sold Safety21 to BU Bregal Unternehmerkapital Multi-Asset Continuation Fund in 2026 after 5 years.

Onlineprinters

BU Bregal Unternehmerkapital sold Onlineprinters to BU Bregal Unternehmerkapital Multi-Asset Continuation Fund in 2026 after 10 years.

ACTICO Group

BU Bregal Unternehmerkapital sold ACTICO Group to Keensight Capital in 2025 after 4 years.

STP

BU Bregal Unternehmerkapital sold STP to Septeo in 2025 after 5 years.

Partners

Florian SchickManaging Partner and Founder
Jan-Daniel NeumannPartner and Founder
Laurent MuellerPartner and Chief Operating Officer
Christian WeigendPartner
Simon LussiPartner

Coverage notes

5 funds tracked, 46 portfolio companies (32 active · 14 realized). Verified weekly from public filings and deal announcements.

Investment team

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

Florian Schick
Managing Partner and Founder
Jan-Daniel Neumann
Partner and Founder
Laurent Mueller
Partner and Chief Operating Officer
Christian Weigend
Partner
Simon Lussi
Partner
Nicola Ferraris
Partner

Funds & portfolio

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

5 funds
BU Bregal Unternehmerkapital Multi-Asset Continuation Fund
Buyout2026€811M2 assets

Unrealized

2 held
CompanyEntry
Onlineprinters
E-commerce · Germany
2026
Safety21
Software · Italy
2026
Bregal Unternehmerkapital IV
Buyout2024€2.6B11 assets

Unrealized

11 held
CompanyEntry
A.Eberle
Industrials · Germany
2026
BSI
Software · Switzerland
2024
Communardo
IT Services · Germany
2024
DemoUp Cliplister
E-commerce · Germany
2024
Flipp
AdTech · Canada
2024
Hettich
MedTech · Germany
2024
MDT technologies
Industrials · Germany
2026
Relatech
IT Services · Italy
2024
SnelStart
SaaS · Netherlands
2025
SwipBox
Logistics · Denmark
2025
Uniconta
SaaS · Denmark
2025
Bregal Unternehmerkapital IIIHarvesting
Buyout2021€1.9B10 assets2 exits

Unrealized

10 held
CompanyEntry
Channel Pilot Solutions
E-commerce · Germany
2023
comrce
E-commerce · Germany
2023
GSG GENII Software Group
Software · Germany
2022
Italgel
Industrials · Italy
2022
Netrics
IT Services · Switzerland
2023
Perfect Drive Sports Group
Consumer · Germany
2021
synava
HealthTech · Germany
2022
SYSTABUILD Software Group
SaaS · Germany
2022
Tark Thermal Solutions
Healthcare · Germany
2021
Theobald Software
Software · Germany
2022

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
ACTICO Group
AI/ML · Germany
20212025SecondaryKeensight Capital–
Safety21
Software · Italy
20212026Continuation VehicleBU Bregal Unternehmerkapital Multi-Asset Continuation Fund–
Bregal Unternehmerkapital IIHarvesting
Buyout2018€1.2B3 assets7 exits

Unrealized

3 held
CompanyEntry
Reline UV Group
Construction · Germany
2020
trendtours
Hospitality · Germany
2018
woom
Consumer · Austria
2020

Realized

7 exits
CompanyEntryExitTypeBuyerMOIC
ATP
Industrials · Switzerland
20192022SecondaryArsenal Capital Partners–
EA Elektro-Automatik
Industrials · Germany
20192023Trade SaleFortive–
GUS Group
Software · Germany
20202022Trade SaleGSG GENII Software Group–
iptor
SaaS · Sweden
20202022Trade SaleGSG GENII Software Group–
MEDIA Central Group
Business Services · Germany
20192024Trade SaleFlipp Operations–
PDV
Software · Germany
20192022Trade SaleGSG GENII Software Group–
STP
LegalTech · Germany
20202025Trade SaleSepteo–
Bregal Unternehmerkapital IHarvesting
Buyout2015€550M6 assets5 exits

Unrealized

6 held
CompanyEntry
eGroup
Business Services · Germany
2018
Embassy Group
Consumer · Switzerland
2017
Kunststoff Schwanden
Industrials · Switzerland
2016
Linimed
Healthcare · Germany
2018
Novem
Mobility · Germany
2011
proALPHA
SaaS · Germany
2013

Realized

5 exits
CompanyEntryExitTypeBuyerMOIC
Davaso
HealthTech · Germany
20152017SecondaryMontagu Private Equity–
Gabocom
Industrials · Germany
20172019Trade SaleAptiv–
Onlineprinters
E-commerce · Germany
20162026Continuation VehicleBU Bregal Unternehmerkapital Multi-Asset Continuation Fund–
SHD
Software · Germany
20172022Trade SaleGSG GENII Software Group–
Sovendus
AdTech · Germany
20152021SecondaryParagon Partners–

About BU Bregal Unternehmerkapital

Bregal Unternehmerkapital is the largest mid-cap private equity investor headquartered in the DACH region with more than €7.0 billion of capital raised to date as of December 2024, headquartered in Zug, Switzerland with offices in Munich, Amsterdam, Milan and London. The firm was founded in 2015 as the DACH mid-cap arm of Bregal Investments, the private equity platform of the COFRA Group (Brenninkmeijer family), and operates with a partner-led investment team. Fund IV closed in May 2024 at a €2.65 billion hard cap.

Investment thesis

Bregal Unternehmerkapital deploys capital through approximately four funds, targeting majority and minority shareholdings, growth financing, succession, carve-outs and management transactions in founder- and family-led Mittelstand hidden champions with equity tickets of €75-300 million. Sector focus spans software, industrial technology, business services and healthcare and life sciences and healthtech. Geographic deployment is the DACH region (Germany, Austria, Switzerland) plus northern Italy and neighbouring economies. The platform converts founders into advisory-board members and management teams into co-owners.

Recent activity

Recent realised exits include legal tech software (2025-2026) and risk-management and decision software (2025). Recent acquisitions include IT consulting and outsourcing (2026) plus a legal tech software platform. The platform continues active deployment of Fund IV across the DACH Mittelstand mandate.

Portfolio platforms backed by BU Bregal Unternehmerkapital made 11 researched add-on acquisitions during its ownership.

Frequently asked questions

What investment strategy does BU Bregal Unternehmerkapital focus on?
BU Bregal Unternehmerkapital focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does BU Bregal Unternehmerkapital have?
BU Bregal Unternehmerkapital has 32 active portfolio companies and 14 completed exits and 5 funds tracked on GP Intel.
Where is BU Bregal Unternehmerkapital headquartered?
BU Bregal Unternehmerkapital is headquartered in Munich, Germany.
What is BU Bregal Unternehmerkapital's assets under management?
BU Bregal Unternehmerkapital manages approximately €7.0B in assets under management.
When was BU Bregal Unternehmerkapital founded?
BU Bregal Unternehmerkapital was founded in 2015.
What sectors does BU Bregal Unternehmerkapital invest in?
BU Bregal Unternehmerkapital invests across Software, Industrials, Business Services, Healthcare, Consumer.
What are BU Bregal Unternehmerkapital's recent exits?
Recent realized exits by BU Bregal Unternehmerkapital include: Safety21 (2026) to BU Bregal Unternehmerkapital Multi-Asset Continuation Fund; Onlineprinters (2026) to BU Bregal Unternehmerkapital Multi-Asset Continuation Fund; ACTICO Group (2025) to Keensight Capital; STP (2025) to Septeo; MEDIA Central Group (2024) to Flipp Operations; EA Elektro-Automatik (2023) to Fortive; ATP (2022) to Arsenal Capital Partners; GUS Group (2022) to GSG GENII Software Group.
Look up another firm or company
Last updated August 2026 · Sourced from public filings · Report an issue