Afinum
- Company typePrivate
- Founded2000
- HeadquartersMunich, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
Afinum firmographics
Firmographics- Name
- Afinum
- Legal name
- Afinum Management GmbH
- Website
- http://www.afinum.de/en/
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Afinum industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Industry-Specialist Buyout (Sector-Focused) (FSANABAE)
Keywords
Where Afinum is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices4 records
Markets served
Afinum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Fund Management Fees: Afrium manages multiple fund generations (currently on its 9th/10th fund) that invest in portfolio companies. Revenue is generated through management fees on committed capital across fund generations.
- Carried Interest: Performance-based carried interest from successful exits of portfolio companies across fund generations.
- Direct Equity Investment Returns: Returns on direct equity investments through majority stakes in portfolio companies across four verticals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Afrium IX Buy-out Fund 2021 |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Afinum product offering
Product offeringCore offering
Afinum Management GmbH manages BAFIN-regulated private equity buyout funds that invest majority equity of EUR 30-150 million per transaction into profitable, founder- or family-owned medium-sized companies in the DACH region (Germany, Switzerland, Austria) with revenues of EUR 20-200 million and EBITDA of EUR 5-20 million. The firm specializes in succession situations, management buyouts, management buy-ins, and growth capital investments across four technology-driven verticals: Software & TMT, Healthcare, Industrial Technology, and Consumer & Internet. Approximately 90% of portfolio companies are acquired directly from founders and entrepreneurs, with Afinum working alongside existing management teams on growth and buy-and-build strategies.
Product overview
Afinum is a private equity firm managing investment funds for mid-sized companies in the DACH region. The investment portfolio consists of independent companies across four technology verticals (Software & Tech Services, Healthcare, Industrial Technology, Consumer & Internet) that operate independently and do not constitute a unified software product platform or integrated product suite. The portfolio companies include: PROLOGA (SAP software for circular economy and utilities, 85 employees, Halle/Saale), CloudFit Group comprising Objektkultur and Inway Systems (Microsoft Dynamics 365 CRM & ERP implementations, Karlsruhe/Neu Ulm), mymediset and p36 (Life Sciences software for supply chain and regulatory compliance, Freiburg/Bad Hersfeld), synaforce (managed cloud services, Hofkirchen), Listan with be quiet! brand (high-performance PC components, Glinde), It Works Group (out-of-home advertising platform LOCATRICS, Düsseldorf), DPS Engineering (banking software and services, Leinfelden), Ergon Informatik with Airlock cybersecurity suite (Zurich), and other portfolio companies including Ledlenser, Zeit für Brot, Fishing Base, STG Swiss Technology Group, Tisso Naturprodukte, MedTech Laser Group, Christian Koenen Gruppe, LIFTKET, Ventomaxx, and ProJect Pharmaceutics. Each portfolio company operates its own independent business with separate products, customers, and technical infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Afinum IX Buy-out Fund 2021 BAFIN-regulated buyout private equity fund (Afinum IX) that deploys EUR 30-150 million of majority equity into profitable, founder- or family-owned mid-sized companies in the DACH region, targeting succession situations, MBOs, MBIs, and grouped business concepts. Term: 10+2 years. Fund size: EUR 420 million. Sold to institutional limited partners.
- Afinum X Buy-out Fund 2025 Newly launched BAFIN-regulated buyout private equity fund (Afinum X) that continues Afinum's strategy of acquiring majority stakes in profitable DACH mid-market companies across Software & TMT, Healthcare, Industrial Technology, and Consumer & Internet. Sold to institutional limited partners.
Quantifiable outcome
- +200% average FTE growth over the last three fund generations
- +4 more outcomes
Companies that use Afinum
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles1 record
Afinum technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Afinum partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- MedWorld AdvisorscoreMedWorld Advisors, an international healthcare M&A advisory firm, announced the formation of the MedTech Laser Group through the acquisition of A.R.C. Laser GmbH (Germany) and G.N.S. neoLaser Ltd. (Israel) by investment firm Afrium 9, marking the fund's tenth platform investment and third MedTech sector bet. The group aims to capitalize on secular growth trends in ophthalmologic and surgical laser markets through combined R&D, sales, marketing, and regulatory capabilities.
- Airlock (cybersecurity brand)coreAirlock is Ergon Informatik AG's market-leading cybersecurity software product, a suite protecting financial institutions, public organizations, and security-critical end markets. Afrium's investment in Ergon supports further scaling of the Airlock SaaS product alongside Ergon's custom software development business.
- United Nations (UN PRI)coreAfrium is a signatory to the UN Principles for Responsible Investment (UN PRI), defined in 2006. This provides the framework for sustainable and responsible investment decision-making processes. Afrium is also committed to the UN Sustainable Development Goals.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
Afinum competitors and assessment
Company assessmentDirect peers
- ECM Equity Capital Management: Frankfurt-based mid-market PE firm with a DACH focus on succession deals, growth buyouts, and MBOs. Direct competitor in the German Mittelstand mid-market segment.
- Capvis Equity Partners: Swiss mid-market PE firm investing in DACH-based SMEs with similar ticket sizes and succession focus. Shares the same DACH regional scope, vertical specialization, and founder-led deal sourcing approach as Afinum.
- Paragon Partners: Independent German mid-market PE firm specializing in management buyouts and succession deals in the DACH region. Closely comparable in fund size, deal scope, and vertical approach to Afinum.
- Deutsche Beteiligungs AG: Listed German mid-market PE firm focused on DACH succession and growth buyouts, with similar target company size (EUR 20-200m revenue). Direct competitor for founder-owned Mittelstand deals and the most comparable DACH mid-market PE.
- VR Equitypartner: German mid-market PE firm (subsidiary of DZ Bank group) investing in DACH family-owned SMEs with succession and growth focus. Closely comparable in geographic scope, deal size, and target segment to Afinum.
- Nord Holding: Hannover-based mid-market PE firm investing in DACH SMEs with a multi-vertical approach. Operates in a similar ticket-size range and shares the same founder/family-owned company focus.
- AUCTUS Capital Partners: Munich-based mid-market PE firm focused on DACH succession situations and buy-and-build strategies. Comparable fund vintage, ticket size, and target profile to Afinum's core strategy.
Broad incumbents
- Advent International: Global PE firm with a DACH-focused mid-market franchise. Larger fund size than Afinum but competes for similar succession and growth deals in the DACH mid-market segment.
- EQT Partners: Swedish mega-fund PE firm with significant DACH presence through smaller mid-market funds. Not a direct ticket-size competitor but increasingly competing for the same DACH succession situations as it expands down-market.
Emerging players
- Silverfleet Capital: European mid-market PE firm operating pan-European with similar ticket sizes (EUR 30-150m). Comparable as a peer in fund size and strategy though less DACH-concentrated than Afinum.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Afinum social profiles
Digital presenceAfinum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Afinum leadership team
Management profileNumber of profiles
Profiles13 records
Afinum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Afinum M&A and investment
M&A and investmentM&A10 records
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Afinum
What does Afinum do?
Afinum Management GmbH manages BAFIN-regulated private equity buyout funds that invest majority equity of EUR 30-150 million per transaction into profitable, founder- or family-owned medium-sized companies in the DACH region (Germany, Switzerland, Austria) with revenues of EUR 20-200 million and EBITDA of EUR 5-20 million. The firm specializes in succession situations, management buyouts, management buy-ins, and growth capital investments across four technology-driven verticals: Software & TMT, Healthcare, Industrial Technology, and Consumer & Internet. Approximately 90% of portfolio companies are acquired directly from founders and entrepreneurs, with Afinum working alongside existing management teams on growth and buy-and-build strategies.
Is Afinum a public or private company?
Afinum is a private company. It is classified as management employee owned and is currently operating.
When was Afinum founded?
Afinum was founded in 2000. It employs 11 to 50 people.
Where is Afinum based?
Afinum is headquartered in Munich, Germany, in the Europe region.
How does Afinum make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest and direct Equity Investment Returns.
Who are Afinum's main competitors?
Direct peers on record are ECM Equity Capital Management, Capvis Equity Partners, Paragon Partners, Deutsche Beteiligungs AG, VR Equitypartner, Nord Holding and AUCTUS Capital Partners. Broad incumbents are Advent International and EQT Partners. Silverfleet Capital is listed as an emerging player.
Does Afinum have an API?
No public API is recorded for Afinum.
What industry is Afinum in?
Afinum's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANABAE, Industry-Specialist Buyout (Sector-Focused). Its NAICS code is 52394 and its SIC code is 6282.