capiton
Capiton AG is a Berlin-based, owner-managed private equity firm founded in 1999 that invests via majority stakes in profitable DACH mid-market companies (EUR 50-300M revenue) across High-Tech Industrials and Healthcare & Life Sciences, managing approximately EUR 1.6 billion across multiple fund vintages.
- Company typePrivate
- Founded1999
- HeadquartersBerlin, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What capiton does
Capiton AG is a Berlin-based, owner-managed private equity firm (aktiengesellschaft) founded in 1999 that invests exclusively in profitable mid-market companies in the DACH region (Germany, Austria, Switzerland) with annual revenues between EUR 50 million and EUR 300 million. The firm manages approximately EUR 1.6 billion in fund volume across multiple vehicles — Capiton V (harvest phase), Capiton VI (target size EUR 550 million), Capiton Quantum, and the Unisono Parallel Beteiligungen VI — and is structured around two core verticals: High-Tech Industrials (e.g., Asyril for flexible part feeders, Betonbau Group for concrete electrical enclosures, Kutterer Mauer for caps and closures) and Healthcare & Life Sciences (e.g., Wundex for wound care, SAPV Care for palliative care). AlphaPet Ventures operates as a dedicated European platform for premium pet food brands, executing a buy-and-build strategy with five acquisitions since 2020 across Germany, Belgium, and the UK.
The firm deploys capital through majority stake acquisitions sourced via proprietary DACH networks, targeting an average annual portfolio EBITDA growth of 18%. Value creation is delivered through a combination of organic growth support and inorganic M&A within portfolio companies, alongside operational change management and ESG integration applied across the entire holding period. All in-house funds are classified under SFDR Article 8, with formal exclusion criteria, Principal Adverse Impact (PAI) indicators, and a dedicated climate risk assessment embedded into the three-step investment process. Governance is led by named managing partners (Frank Winkler, Manuel Hertweck) and CFO/Partner (Gerwin Theiler), with a lean team of 11-50 employees supporting the firm's selective, high-conviction deal-making model.
Capiton's revenue model rests on two streams: recurring management fees on assets under management across its fund vintages (a subscription-style recurring base) and performance-based carried interest on successful portfolio exits (lumpy but high-margin). The firm exited the cybersecurity-focused CymbiQ Group via a 2026 sale to Adnovum, demonstrating realized DPI capability, while continuing active deployment in industrials, healthcare, and consumer brands via the Capiton VI fund. Marketing and investor relations are run through a relationship-driven, institutional channel (corporate website, news section, investor portal, newsletter) rather than consumer-facing demand generation.
capiton firmographics
Firmographics- Name
- capiton
- Legal name
- Capiton AG
- Website
- https://capiton.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Capiton AG is a Berlin-based, owner-managed private equity firm founded in 1999 that invests via majority stakes in profitable DACH mid-market companies (EUR 50-300M revenue) across High-Tech Industrials and Healthcare & Life Sciences, managing approximately EUR 1.6 billion across multiple fund vintages.
- Ownership category
- akta.pro rank
capiton industry classification
Industry- Product category
- Private Equity / Investment Management
- NAICS
- Management of Companies and Enterprises (55111)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Small-Cap / Micro-Buyout (FSANABAD)
Keywords
Where capiton is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
capiton business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees: Capiton earns recurring management fees on the assets under management across its fund vehicles, including Capiton VI, Capiton V, and related parallel vehicles. The firm manages approximately EUR 1.6 billion in fund volume.
- Carried Interest / Performance Fees: Capiton generates performance-based carried interest on successful exits of portfolio companies, aligning fund managers with investor returns. The firm targets 18% average annual EBITDA growth across its portfolio companies.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
capiton product offering
Product offeringCore offering
Capiton AG is an owner-managed private equity firm that deploys capital through dedicated fund vehicles (Capiton VI, Capiton V, Capiton Quantum, Unisono Parallel Beteiligungen VI) into majority-stake acquisitions of profitable mid-market companies in the DACH region with annual revenues of EUR 50–300 million. The firm provides growth capital, operational support, and M&A expertise across the High-Tech Industrials and Healthcare & Life Sciences sectors, and operates AlphaPet Ventures as a consolidated buy-and-build platform in European premium pet food.
Product overview
Capiton AG is a German private equity firm (Beteiligungsgesellschaft) that operates as a unified investment platform rather than a traditional product company. The core offering consists of multiple investment funds (capiton VI, capiton V, capiton Quantum, Unisono Parallel Beteiligungen VI) that invest in profitable medium-sized companies (Mittelstand) with revenues between 50-300 million euros, focused on High-Tech Industrials and Healthcare & Life Sciences in the DACH region. The funds are structured with an ESG investment framework compliant with SFDR Article 8. AlphaPet Ventures operates as a key portfolio platform sub-brand focused on premium pet food brands across Europe, while the broader portfolio includes companies in cybersecurity (CymbiQ Group), healthcare services (SAPV Care, Wundex), industrial automation (Asyril), construction (Betonbau), and packaging (Kutterer Mauer).
Differentiator
Problem solved
Functional benefit
Brands
- AlphaPet Ventures: Europe's leading digital brand platform for premium pet food, operating as a portfolio company of Capiton AG
- Capiton V
- Capiton VI
- Capiton Quantum
Products and services
- Capiton VI Fund Closed-end private equity fund with a target size of EUR 550 million that invests as a majority-stake sponsor in profitable mid-market companies in the DACH region (EUR 50–300 million revenue) across High-Tech Industrials and Healthcare & Life Sciences. Available to institutional limited partners.
- Capiton V Fund Previous-generation private equity fund of Capiton AG, now in the harvest and exit phase for its portfolio companies. Used historically to execute majority-stake investments in the DACH mid-market.
- Capiton Quantum Fund Specialized investment fund managed by Capiton AG with a thematic focus within the DACH region, structured as an SFDR Article 8 fund alongside the firm's other vehicles.
- Unisono Parallel Beteiligungen VI Fund Parallel investment fund operating alongside Capiton VI to enable co-investment opportunities in the DACH mid-market segment. Structured as an SFDR Article 8 fund.
- AlphaPet Ventures Platform Europe's leading digital brand platform for premium pet food, operating as a Capiton portfolio company and executing a buy-and-build strategy across multiple premium pet food brands in Germany, the UK, Belgium, and other European markets.
Quantifiable outcome
- Average annual EBITDA growth of 18% across portfolio companies
- +1 more outcomes
Companies that use capiton
Customer profileSegments3 records
Ideal customer profiles2 records
capiton technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
capiton partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- x-tention GroupminorCapiton V successfully sold CymbiQ Group company Anovis to x-tention Group in March 2026. The transaction represents a successful exit from Capiton's portfolio, executed as part of the fund's value creation and divestment strategy.
- AlantraminorAlantra served as exclusive M&A sell-side adviser to CymbiQ Group AG (a portfolio company of capiton AG) on the sale of its subsidiaries Koch IT AG and ISPIN AG to Adnovum AG. This represented a successful exit for capiton AG from its investment in CymbiQ.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
capiton competitors and assessment
Company assessmentDirect peers
- Halder (now part of Auctus-related funds): Frankfurt-based private equity firm historically focused on DACH mid-market buyouts in similar industries. Historical peer and competitor for Capiton's deal sourcing universe.
- Afinum Management: Munich-based private equity firm investing in profitable mid-market companies in German-speaking countries, with comparable AUM scale and sector focus on industrials, healthcare, and consumer.
- IK Partners: European mid-market private equity firm with strong DACH presence and similar focus on lower-mid-market buyouts in healthcare, industrials, and consumer. Directly comparable on fund size, geography, and sector focus.
- Deutsche Beteiligungs AG: Frankfurt-listed private equity firm focused on mid-market DACH Mittelstand companies, making majority and minority buyout investments with a similar revenue range and sector breadth. DBAG is the most direct public-market comparable for Capiton's mid-market buyout strategy.
- Auctus Capital Partners: Munich-based private equity firm specializing in majority buyouts of profitable mid-market companies in the DACH region with EUR 50-500M revenue, directly comparable to Capiton's investment focus and ticket size.
- ECM Equity Capital Management: Frankfurt-based private equity firm with a long-standing DACH mid-market focus, investing in similar-sized companies across industrials and healthcare. Directly comparable on geography, deal size, and sector orientation.
- Waterland Private Equity: European mid-market private equity firm with significant DACH operations, focused on buy-and-build strategies in similar industries. Comparable on geographic focus, investment size, and platform-building approach to AlphaPet Ventures.
- Nord Holding: Hanover-based private equity firm focused on mid-market German Mittelstand buyouts and succession situations. Comparable deal sizes and sectors, particularly in industrials and consumer.
- Paragon (DPE Deutsche Private Equity): Munich-based mid-market private equity firm investing in DACH Mittelstand companies with comparable revenue ranges and sector focus, providing direct overlap with Capiton's deal universe.
Broad incumbents
- Patria Investments: Latin American-rooted alternative asset manager that has expanded into European private equity through partnerships with firms like AlphaPet Ventures. Functions as both a co-investor and adjacent GP competing for similar DACH deal flow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
capiton social profiles
Digital presencecapiton compliance and trust
Trust signalCompliance1 record
capiton financial estimates
Financial estimateRevenue estimate
Valuation estimate
capiton leadership team
Management profileNumber of profiles
Profiles3 records
capiton subsidiaries and ownership
Company hierarchySubsidiaries7 records
capiton funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
capiton M&A and investment
M&A and investmentM&A18 records
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about capiton
What does capiton do?
Capiton AG is an owner-managed private equity firm that deploys capital through dedicated fund vehicles (Capiton VI, Capiton V, Capiton Quantum, Unisono Parallel Beteiligungen VI) into majority-stake acquisitions of profitable mid-market companies in the DACH region with annual revenues of EUR 50–300 million. The firm provides growth capital, operational support, and M&A expertise across the High-Tech Industrials and Healthcare & Life Sciences sectors, and operates AlphaPet Ventures as a consolidated buy-and-build platform in European premium pet food.
Is capiton a public or private company?
capiton is a private company. It is classified as management employee owned and is currently operating.
When was capiton founded?
capiton was founded in 1999. It employs 11 to 50 people.
Where is capiton based?
capiton is headquartered in Berlin, Germany, in the Europe region.
How does capiton make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest / Performance Fees.
Who are capiton's main competitors?
Direct peers on record are Halder (now part of Auctus-related funds), Afinum Management, IK Partners, Deutsche Beteiligungs AG, Auctus Capital Partners, ECM Equity Capital Management, Waterland Private Equity, Nord Holding and Paragon (DPE Deutsche Private Equity). Patria Investments is listed as a broad incumbent.
Does capiton have an API?
No public API is recorded for capiton.
What industry is capiton in?
capiton's product category is Private Equity / Investment Management. Its primary akta.pro industry code is FSANABAD, Small-Cap / Micro-Buyout. Its NAICS code is 55111 and its SIC code is 6282.