Independent Frankfurt mid-market private-equity firm founded in 1995 that manages the German Equity Partners fund series, investing in established German-speaking-Europe SMEs in succession, spin-off and growth-buyout situations.
Key facts
Recent exits
Coverage notes
5 funds tracked, 29 portfolio companies (5 active · 24 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
29 companiesFunds & portfolio
Every fund ECM Equity Capital Management has raised, with its portfolio companies. Hand-checked from public filings.
German Equity Partners VBuyoutHarvesting2018 · 8yr€325M3 active · 5 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| MedTech |  Germany | 2022 | |
| Education | Germany | 2021 | |
| ClimateTech | Germany | 2019 |
Germany· Entry 2022Germany· Entry 2021Germany· Entry 2019Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Fintech | Germany | 2021 | 2025 | Secondary | – | ||
| AdTech | Germany | 2021 | 2025 | Trade Sale | – | ||
| HR Tech | Germany | 2023 | 2025 | – | – | – | |
| Software | Germany | 2019 | 2023 | Trade Sale | – | ||
| SaaS | Germany | 2021 | 2025 | Trade Sale | – |
Germany· Entry 2023German Equity Partners IVBuyoutHarvesting2013 · 13yr2 active · 4 realized
Unrealized
2 heldRealized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Business Services |  Switzerland | 2017 | 2025 | Trade Sale | – | ||
| Healthcare | Germany | 2016 | 2023 | Trade Sale | – | ||
| HealthTech | Germany | 2013 | 2018 | Secondary | – | ||
| Healthcare | Switzerland | 2017 | 2025 | Trade Sale | – |
German Equity Partners IIIBuyoutRealized2006 · 20yr0 active · 3 realized
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Logistics | Germany | 2007 | 2011 | Secondary | – | ||
| Consumer | Switzerland | 2008 | 2013 | Secondary | – | ||
| Consumer | Germany | 2010 | 2015 | Trade Sale | – |
German Equity Partners IIBuyoutRealized2000 · 26yr0 active · 7 realized
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Industrials | Germany | 2002 | 2004 | Secondary | – | ||
| Consumer | Germany | 2004 | 2007 | Secondary | – | ||
| Industrials | Germany | 2005 | 2006 | Trade Sale | – | ||
| Hospitality | Germany | 2005 | 2017 | Secondary | – | ||
| Industrials | Germany | 2001 | 2016 | Trade Sale | – | ||
| Industrials | Germany | 2004 | 2006 | Secondary | – | ||
| Industrials | Germany | 2003 | 2006 | Secondary | – |
German Equity Partners IBuyoutRealized1996 · 30yr0 active · 5 realized
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Healthcare | Germany | 1998 | 2005 | Secondary | – | ||
| TMT | Germany | 1996 | 1999 | IPO | – | ||
| Industrials |  Denmark | 1996 | 2004 | Trade Sale | – | ||
| MedTech | Germany | 1998 | 2001 | Trade Sale | – | ||
| Industrials | Germany | 1997 | 2005 | Trade Sale | – |
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About ECM Equity Capital Management
ECM Equity Capital Management is a 30-year DACH succession and carve-out specialist with approximately €1.0 billion of cumulative equity commitments as of December 2024 (GEP V active at €325 million committed), headquartered in Frankfurt am Main at Taunusanlage 18. The firm was founded in 1995 and operates as a partner-owned independent firm (current partners include Axel Eichmeyer) with no parent. The proven cycle-through-cycle track record positions ECM as a pure-play German-speaking mid-market specialist.
Investment thesis
ECM Equity Capital Management deploys capital through five flagship funds (German Equity Partners I through V, GEP V 2018 vintage €325 million currently active, GEP IV 2014, predecessors GEP I-III), targeting DACH mid-market buyouts with majority stakes via succession, partnership models and corporate carve-outs in niche-leader Mittelstand companies with €20-250 million enterprise value. Sector focus spans software and tech, healthcare and dermatology, industrials and automotive, education and training, business services and specialty recruitment. Geographic deployment is exclusive to DACH (Germany, Austria, Switzerland).
Recent activity
Recent realised exits include software and fleet management (YellowFox, October 2025), financial services and factoring (DATAPART Factoring, May 2025) and healthtech and software (MediFox, 2018). Recent acquisitions include education and training (Education Group via GEP V, 2024) plus a pipeline of mid-market succession deals across 2024-2026. The platform continues active deployment of GEP V across the DACH succession mandate. Detailed buyer names and multiple data available on Pro at €29/month.
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Germany·€2.4BGet the full picture on ECM Equity Capital Management.
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