PINOVA Capital
GermanyKey facts
Recent exits
No exits recorded yet.
Coverage notes
0 funds tracked, 0 portfolio companies (0 active · 0 realized). Verified weekly from public filings and deal announcements.
About PINOVA Capital
Pinova Capital is a German DACH lower mid-cap industrial-tech specialist with approximately €420-460 million of assets under management as of December 2024 (Funds I + II + Fund III approaching €250 million target close 2025), headquartered in Munich. The firm was founded in 2007 and operates as a partner-owned independent partnership (5 partners, 14-person team) plus PRI signatory.
Investment thesis
Pinova Capital deploys capital through three flagship funds (PINOVA I, II, Fund 3 vintage 2022 targeting €250 million), targeting controlling stakes in profitable DACH lower-mid-cap industrial-tech companies with €10-50 million revenues. The niche-market champion strategy targets system-critical Mittelstand products deeply embedded in customer value chains. Sector focus spans high-tech components, smart systems, innovative materials and industrial technology. Geographic deployment is exclusive to DACH (Germany, Austria, Switzerland).
Recent activity
Recent realised exits include filtration (2025). Recent acquisitions include cybersecurity and hardware security (2025) and industrial components (2026). The platform continues active deployment of Fund 3 across the DACH industrial-tech mandate. Detailed buyer names and multiple data available on Pro at €29/month.
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