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Paragon Partners

Paragon Partners

Munich, Germany·Founded 2004··paragon.de

Paragon Partners is a Munich-based private equity firm founded in 2004 that acquires mid-market companies in the DACH region with operational improvement potential. The firm manages more than EUR 2.4bn of equity across four buyout funds: Paragon I (2004), Paragon Fund II (EUR 412m, 2014), Paragon Fund III (EUR 783m, 2019) and Paragon Fund IV, closed at EUR 1.2bn in September 2023. Founding partners Edin Hadzic and Krischan von Moeller lead a team of around 30 professionals.

AUM
€2.4B
Funds
4
vintages 2004–2023
Portfolio
12
Exits
28

Key facts

HQMunich, Germany
Founded2004
Employees29+
Websiteparagon.de

Recent exits

cunova
cunova
Industrials2026 · 4yr hold
Primed
Primed
MedTech2026 · 3yr hold
Asic Robotics
Industrials2026 · 8yr hold
Apontis Pharma
Pharma2024 · 6yr hold

Coverage notes

4 funds tracked, 40 portfolio companies (12 active · 28 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

40 companies
Industrials
15 · 38%
Consumer
6 · 15%
Business Services
6 · 15%
E-commerce
2 · 5%
Software
2 · 5%
MedTech
2 · 5%
Logistics
2 · 5%
AdTech
1 · 3%

Funds & portfolio

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

4 funds
Paragon Fund IVBuyout
2023 · 3yr€1.2B4 active

Unrealized

4 held
E-commerceGermany· Entry 2026
Dymatrix
DymatrixActive
SoftwareGermany· Entry 2025
SCHELL
SchellActive
IndustrialsGermany· Entry 2025
IndustrialsItaly· Entry 2024
Paragon Fund IIIBuyoutHarvesting
2019 · 7yr€783M8 active · 2 realized

Unrealized

8 held
7days
7daysActive
ConsumerGermany· Entry 2020
IndustrialsGermany· Entry 2020
DUO PlastActive
IndustrialsGermany· Entry 2019
DUO Plast AGActive
IndustrialsGermany· Entry 2019
pro optik
pro optikActive
ConsumerGermany· Entry 2019
Questel
QuestelActive
SoftwareFrance· Entry 2021
Sovendus
SovendusActive
AdTechGermany· Entry 2021
WEKA GroupActive
Business ServicesGermany· Entry 2020

Realized

2 exits
cunova
cunovaExited 2026
IndustrialsGermany· Entry 2022
Trade Saleto
Primed
PrimedExited 2026
MedTechGermany· Entry 2023
Secondaryto
Paragon Fund IIBuyoutHarvesting
2014 · 12yr€412M0 active · 9 realized

Realized

9 exits
IndustrialsGermany· Entry 2015
Trade Saleto
Apontis PharmaExited 2024
PharmaGermany· Entry 2018
Trade Saleto
Asic RoboticsExited 2026
IndustrialsSwitzerland· Entry 2018
Secondaryto
chicco di caffeExited 2023
Business ServicesGermany· Entry 2017
Trade Saleto
Condecta
CondectaExited 2024
Business ServicesSwitzerland· Entry 2017
Secondaryto
inprotecExited 2022
IndustrialsGermany· Entry 2018
Trade Saleto
NovumIPExited 2021
Business ServicesGermany· Entry 2016
Trade Saleto
UNICEPTA
UniceptaExited 2024
Business ServicesGermany· Entry 2018
Trade Saleto
WEMAS
WemasExited 2023
IndustrialsGermany· Entry 2017
Trade Saleto
Paragon IBuyoutRealized
2004 · 22yr€200M0 active · 17 realized

Realized

17 exits
Abl-technicExited 2011
Business ServicesGermany· Entry 2007
Secondaryto
AWG FittingsExited 2016
IndustrialsGermany· Entry 2010
Trade Saleto
DICTUM
DictumExited 2006
ConsumerGermany· Entry 2005
MBOto
dtmsExited 2019
TelecomGermany· Entry 2014
Trade Saleto
elero
eleroExited 2015
IndustrialsGermany· Entry 2011
Trade Saleto
EOS Saunatechnik
EOS SaunatechnikExited 2013
ConsumerGermany· Entry 2011
MBOto
EuropartExited 2017
LogisticsGermany· Entry 2011
Secondaryto
KADI
KADIExited 2019
ConsumerSwitzerland· Entry 2013
Secondaryto
KinshoferExited 2007
IndustrialsGermany· Entry 2006
Trade Saleto
IndustrialsGermany· Entry 2008
Secondaryto
PAKI Logistics
PAKI LogisticsExited 2012
LogisticsGermany· Entry 2005
Trade Saleto
POLO Motorrad
POLO MotorradExited 2015
ConsumerGermany· Entry 2012
Secondaryto
Rudolf RiesterExited 2007
MedTechGermany· Entry 2006
Trade Saleto
SchuelerhilfeExited 2013
EducationGermany· Entry 2009
Secondaryto
Stumpp+SchueleExited 2012
IndustrialsGermany· Entry 2011
Trade Saleto
SwisshausExited 2011
ConstructionSwitzerland· Entry 2006
Secondaryto
Wer liefert wasExited 2017
E-commerceGermany· Entry 2013
Secondaryto
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Investment team

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

Edin Hadzic
Founding Partner
Krischan von Moeller
Founding Partner
Marco Attolini
Partner
Christian Bettinger
Investment Team

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Last updated August 2026 · Sourced from public filings · Report an issue