Fremman Capital
Fremman Capital is a pan-European lower mid-market private equity firm founded in 2020 that acquires majority stakes in market-leading, often family or founder-owned businesses across healthcare, business & tech services, consumer goods & distribution, and industrials & sustainability, managing >€3.6 billion in AUM across two main buyout funds and a continuation vehicle from offices in London, Madrid, Paris, Munich, Milan and Luxembourg.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Fremman Capital does
Fremman Capital is a pan-European, lower mid-market private equity investment firm founded in 2020 by Ricardo de Serdio, Dr. Mirko Meyer-Schönherr, and Olivier de Vregille—three former PAI Partners senior executives with 18+ years of shared prior tenure and collectively more than 100 years of investment experience. The firm is headquartered in London with five additional European offices (Madrid, Paris, Munich, Milan and Luxembourg) and approximately 54–60 professionals from 16 nationalities. Fremman acquires majority stakes in market-leading, often family or founder-owned businesses that provide essential products or services, and supports them through international expansion, operational improvement, and buy-and-build consolidation strategies.
The firm invests across four core sectors—healthcare, business & tech services, consumer goods & distribution, and industrials & sustainability—and has built 10+ platform investments including VPS (maritime fuel testing), Palex Medical (MedTech distribution), Kids Planet (UK nursery operator), Medinet (NHS clinical insourcing), connexta (German IT services), HT Médica (Spanish diagnostic imaging), Innovative Beauty Group, AGQ Labs (global testing and analysis), Bertin Technologies (advanced instrumentation), the Stingray/Amethyst cancer care platform, and Incendin (sustainable fire protection), alongside more than 50 add-on investments. The firm operates three pools of capital: the closed debut Fremman I MM fund (>€600m, 2023), the oversubscribed Fremman II MM fund (€808m plus €45m managed accounts, March 2026), and the inaugural Special Opportunities Fund I (a continuation vehicle for Kids Planet).
Fremman generates revenue primarily through management fees on committed or invested fund capital—classified as recurring subscription-style income—plus performance-related carried interest on realizations, distributed to a global institutional LP base spanning pension funds, banks, insurance companies, fund-of-funds, and family offices across five continents. Fremman Limited, the primary operating entity, is registered in England and operates as an FCA Appointed Representative of G10 Capital Limited; the Fremman II MM vehicle is classified as Article 8 under the EU SFDR framework, institutionalising ESG integration across the deal lifecycle.
Fremman Capital firmographics
Firmographics- Name
- Fremman Capital
- Legal name
- Fremman Limited
- Website
- https://fremman.com/
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fremman Capital is a pan-European lower mid-market private equity firm founded in 2020 that acquires majority stakes in market-leading, often family or founder-owned businesses across healthcare, business & tech services, consumer goods & distribution, and industrials & sustainability, managing >€3.6 billion in AUM across two main buyout funds and a continuation vehicle from offices in London, Madrid, Paris, Munich, Milan and Luxembourg.
- Ownership category
- akta.pro rank
Fremman Capital industry classification
Industry- Product category
- Private Equity Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Venture Capital Fund-of-Funds (FSANAGAC)
- akta.pro secondary industries
- Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL), Managed Account / SMA Multi-Manager Platforms (FSANAGAL)
Keywords
Where Fremman Capital is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices6 records
Markets served
Fremman Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Fund Management: Generates returns through management fees and performance/carried interest from investing in mid-market European companies across healthcare, business services, consumer goods, and industrials sectors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Fremman Capital product offering
Product offeringCore offering
Fremman Capital is a pan-European mid-market private equity investment firm that raises and manages buyout funds (currently Fremman II MM and Special Opportunities Fund I) to acquire majority stakes in market-leading, often family or founder-owned companies. The firm invests across four core sectors—healthcare, business & tech services, consumer goods & distribution, and industrials & sustainability—providing capital, sector expertise, and buy-and-build consolidation support to transform regional businesses into multinational platforms.
Product overview
Fremman Capital is a pan-European mid-market private equity investment firm operating as a fund manager with approximately €3.6 billion in assets under management. The firm operates two main investment vehicles: Fremman II MM (its second European buyout fund raising €808m) and Fremman Special Opportunities Fund I (a continuation vehicle). Fremman acquires majority stakes in market-leading, often family or founder-owned, companies across four core sectors: healthcare, business & tech services, consumer goods & distribution, and industrials. Its portfolio includes: VPS (maritime fuel testing and decarbonisation services), Palex Medical (MedTech equipment distribution), Kids Planet (UK nursery operator), Medinet (UK NHS clinical insourcing), connexta (German IT services platform), Innovative Beauty Group (beauty and personal care service provider), HT Médica (Spanish diagnostic imaging), Bollo Natural Fruits (citrus producer), AGQ Labs (global testing and analysis), Bertin Technologies (advanced instrumentation), Incendin (sustainable fire-protection), and Stingray Healthcare Group (pan-European cancer care platform). The firm's offering centres on providing capital, sector expertise, and consolidation support to transform regional businesses into multinational platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Fremman Capital Pan-European Mid-Market Buyout Investment Management
- Fremman II MM (Second European Buyout Fund)
- Fremman Special Opportunities Fund I (SOF I)
- Fremman I MM (Debut European Buyout Fund)
Companies that use Fremman Capital
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Fremman Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Fremman Capital partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor.
- Paul, Weiss, Rifkind, Wharton & Garrison LLPminorServed as legal counsel for Fremman II MM fund closing.
- KPMGminorFinancial adviser to sellers in HT Médica transaction.
- GA_PminorLegal, Tax and Labour adviser to sellers in HT Médica transaction.
- DeloitteminorFinancial, Legal, Tax and Labour adviser to Fremman in HT Médica transaction.
- Pérez-LlorcaminorLegal adviser to Fremman in HT Médica transaction.
- LEKminorCommercial adviser to Fremman in HT Médica transaction.
- Allen & OveryminorLegal adviser for VPS acquisition.
- DeloitteminorFinancial, Tax and Commercial adviser for VPS acquisition.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Fremman Capital competitors and assessment
Company assessmentDirect peers
- Cinven: Pan-European mid-market buyout firm with strong healthcare and business services exposure, comparable AUM scale and similar mid-market cheque size profile to Fremman.
- BC Partners: Pan-European mid-to-large cap PE firm with comparable sector mix (services, consumer, industrials, healthcare) and a long track record of buy-and-build consolidation strategies.
- Apax Partners: Pan-European mid-market PE firm with strong MedTech/healthcare focus; Apax co-invested with Fremman in Palex Medical and shares the healthcare and business services thesis.
- Bridgepoint: Large pan-European mid-market PE firm with overlapping sector focus (business services, consumer, healthcare). Highly comparable in fund size (€25bn+ AUM) and pan-European footprint.
- Charterhouse Capital Partners: European mid-market PE firm investing across business services, consumer and industrials with a pan-European mid-market mandate closely mirroring Fremman's.
- Chequers Capital: Pan-European mid-market PE firm with a comparable focus on family/founder-led businesses; partnered with Fremman on the put-option acquisition of Bertin Technologies.
- PAI Partners: Pan-European mid-market private equity firm focused on business services, healthcare, consumer goods and industrials. Highly comparable given that Fremman's three founding partners all previously held senior leadership roles at PAI Partners.
Regional players
- Portobello Capital: Spanish mid-market PE firm with overlapping Iberian presence and sector interests (consumer, services); a co-deal counterparty on multiple Fremman transactions in Spain.
- Quadriga Capital: German mid-market PE firm; comparable in size and sector focus, particularly healthcare, and former employer of Fremman Managing Director Maximilian Schürenkrämer.
Broad incumbents
- EQT: Global alternative asset manager with extensive European mid-market PE activities across healthcare, technology, industrials and services. Broader and larger than Fremman, but with significant overlap in target sectors and geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Fremman Capital social profiles
Digital presenceFremman Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fremman Capital leadership team
Management profileNumber of profiles
Profiles16 records
Fremman Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fremman Capital M&A and investment
M&A and investmentM&A9 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fremman Capital
What does Fremman Capital do?
Fremman Capital is a pan-European mid-market private equity investment firm that raises and manages buyout funds (currently Fremman II MM and Special Opportunities Fund I) to acquire majority stakes in market-leading, often family or founder-owned companies. The firm invests across four core sectors—healthcare, business & tech services, consumer goods & distribution, and industrials & sustainability—providing capital, sector expertise, and buy-and-build consolidation support to transform regional businesses into multinational platforms.
Is Fremman Capital a public or private company?
Fremman Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fremman Capital founded?
Fremman Capital was founded in 2020. It employs 11 to 50 people.
Where is Fremman Capital based?
Fremman Capital is headquartered in London, United Kingdom, in the Europe region.
How does Fremman Capital make money?
One revenue line is on record: fund Management.
Who are Fremman Capital's main competitors?
Direct peers on record are Cinven, BC Partners, Apax Partners, Bridgepoint, Charterhouse Capital Partners, Chequers Capital and PAI Partners. Regional players are Portobello Capital and Quadriga Capital. EQT is listed as a broad incumbent.
Does Fremman Capital have an API?
No public API is recorded for Fremman Capital.
What industry is Fremman Capital in?
Fremman Capital's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANAGAC, Venture Capital Fund-of-Funds, with a secondary code of FSAAAGAL, Institutional Separate Accounts & SMAs (Mandates). Its NAICS code is 523940 and its SIC code is 6199.