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Maxburg Capital Partners

Maxburg Capital Partners

Munich, Germany·Founded 2014··maxburg.com

Maxburg Capital Partners is a Munich-based private equity manager founded in 2014 that invests exclusively on behalf of the RAG-Stiftung. It runs a highly flexible, long-horizon evergreen-style mandate, investing 10 to 200 million euros per deal across the capital structure (equity, quasi-equity, mezzanine) as majority or minority holder in private and listed German-speaking mid-caps. Fund volume grew from 300 million euros to 600 million euros with Maxburg Beteiligungen III and past 1 billion euros with Fund IV. The firm focuses on founder-led software, technology and industrial companies and has produced multiple exits including PharmaZell, Maltego, Tenado, KGS, STARFACE and synvert.

AUM
€1.1B
Funds
3
vintages 2014–2022
Portfolio
15
Exits
9
SectorsSoftwareTMTIndustrialsHealthcareBusiness ServicesConsumer

Key facts

HQMunich, Germany
Founded2014
Employees19+

Recent exits

GfS
Industrials · 2025 · 6yr hold
STARFACE
TMT · 2025 · 6yr hold
synvert
Software · 2025 · 5yr hold
KGS Software
Software · 2023 · 5yr hold

Coverage notes

3 funds tracked, 24 portfolio companies (15 active · 9 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds
Maxburg Beteiligungen IVBuyout
2022 · 4yr€450M5 active

Unrealized

5 held
AraComActive
SoftwareGermany· Entry 2023
DCONActive
SoftwareGermany· Entry 2024
MLaseActive
MedTechGermany· Entry 2023
ConsumerPortugal· Entry 2021
slashwhyActive
SoftwareGermany· Entry 2024
Maxburg Beteiligungen IIIBuyout
2017 · 9yr€300M8 active · 6 realized

Unrealized

8 held
SoftwareGermany· Entry 2021
Business ServicesGermany· Entry 2019
KrongaardActive
Business ServicesGermany· Entry 2021
metodaActive
SaaSGermany· Entry 2020
Neo CosActive
ConsumerGermany· Entry 2020
ConsumerGermany· Entry 2018
HealthcareGermany· Entry 2020
CybersecurityGermany· Entry 2018

Realized

6 exits
GfSExited 2025
IndustrialsGermany· Entry 2019
Trade Saleto
KGS SoftwareExited 2023
SoftwareGermany· Entry 2018
Secondaryto
MALTEGOExited 2023
CybersecurityGermany· Entry 2017
Secondaryto
STARFACEExited 2025
TMTGermany· Entry 2019
Trade Saleto
synvertExited 2025
SoftwareGermany· Entry 2020
Trade Saleto
TENADOExited 2022
SoftwareGermany· Entry 2017
Secondaryto
Maxburg BeteiligungenBuyout
2014 · 12yr€150M2 active · 3 realized

Unrealized

2 held
NorafinActive
IndustrialsGermany· Entry 2016
Business ServicesGermany· Entry 2016

Realized

3 exits
IndustrialsAustria· Entry 2015
Secondaryto
PharmaZellExited 2020
PharmaGermany· Entry 2014
Secondaryto
zooplusExited 2021
E-commerceGermany· Entry 2014
Secondaryto
Track Maxburg Capital Partners

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Investment team

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

Georg Landesvatter
Partner
Last updated July 2026 · Sourced from public filings