Rigeto

What Rigeto does

Rigeto Unternehmerkapital GmbH is a Munich-based entrepreneur capital firm founded in 2013 by Dr. Richard Lenz, registered as an AIF-Kapitalverwaltungsgesellschaft under §44 of the German Capital Investment Code (KAGB). The firm invests private capital — contributed approximately one-third by its own investment team and the remainder by allied entrepreneur families — into established, profitable medium-sized companies in the DACH region (Germany, Austria, Switzerland) with typical entry parameters of EUR 5-100M revenue and EUR 0-10M EBITDA. Its stated operating model combines the financial strength of a private equity firm with the agility of a family office, offering patient capital and active operational engagement rather than passive financial sponsorship.

Rigeto pursues a buy-and-build and growth-acceleration strategy across three portfolio verticals: Medical Technology & Healthcare (e.g., OR Technology Group, Matignon Gruppe, Leaseir, Pflegehelden); Software/Security/IT (e.g., Comdesk Group, AndCompany, Swissphone Group, Tesedi, Beat Gruppe); and Industry/Consumer Goods & Services (e.g., Lovehoney Group, Arklyz Group, Oceanloop, Honest Catch). Internally, the firm operates as a lean investment team of approximately 18 named professionals covering investment, operations (with dedicated Expert Directors for Finance, Marketing & Sales, People & Culture, and Talent & Team Development), legal and administration roles. Since inception Rigeto reports more than 40 transactions completed and more than EUR 300M in equity invested, with portfolio companies collectively generating approximately EUR 500M in revenue at latest disclosure.

Rigeto's revenue model combines AIFM-style management fees with private equity-style carried interest from exits via trade sales and secondary buyouts. Notable exits include the divestitures of BHT Gruppe to Cantel Medical (2017, after 134% revenue growth during the hold), Empolis to proALPHA Group (2022), and SI.TEQ to ARTUS (2023). Go-to-market relies on direct relationship-based deal sourcing through the founding team's DACH Mittelstand networks, referrals from M&A advisors and lawyers, and industry events, rather than mass marketing.

Name

Rigeto

Legal name

Rigeto Unternehmerkapital GmbH

Website

https://rigeto.de

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Rigeto is a Munich-based entrepreneur capital firm that invests private capital from its own team and allied entrepreneur families into profitable DACH-region mid-sized companies (EUR 5-100M revenue) across MedTech/Healthcare, Software/IT, and Industry/Consumer verticals, with active buy-and-build support and a track record of successful trade-sale and secondary-buyout exits.

Ownership category

akta.pro rank

Product category

Private Equity Services

NAICS

Portfolio Management and Investment Advice (523940), Management of Companies and Enterprises (5511)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC)

Keywords

• Private equity
• Entrepreneur capital
• Buy-and-build
• Growth capital
• Succession planning

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Private Equity Investment Returns: Rigeto generates returns through equity investments in mid-sized DACH companies, developing them via organic growth and buy-and-build strategies, then exiting via trade sales or secondary buyouts. Capital comes from team self-investment (~1/3) and allied entrepreneur families.
2. Management Fees / AIF Structure: Rigeto is registered as an AIF-Kapitalverwaltungsgesellschaft (AIFM) under §44 KAGB. As a regulated capital management company, it operates under German regulatory framework for alternative investment funds.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Rigeto is a Munich-based entrepreneur capital and private equity firm that invests private assets of entrepreneurs and entrepreneur families into established mid-sized companies (Mittelstand) in the DACH region with annual revenues of EUR 5–100M and EBITDA of EUR 0–10M. The firm acquires majority stakes and acts as an active co-entrepreneur, providing growth capital, strategic direction, operational support, and buy-and-build expertise to develop portfolio companies over long-term horizons, ultimately exiting via trade sales or secondary buyouts.

Product overview

Rigeto is an entrepreneur capital / private equity firm based in Munich that invests in medium-sized companies in the DACH region. Rigeto does not offer its own product or service; instead, it holds portfolio companies across three verticals: Medical Technology and Health (OR Technology Group, Matignon Gruppe, Leaseir, Pflegehelden Gruppe, Oceanloop, Honest Catch, BHT Gruppe); Software, Security and IT (Comdesk Group, AndCompany Group, Swissphone Group, Tesedi Group, Empolis, Beat Gruppe); and Industry, Consumer Goods and Services (Lovehoney Group, ARKLYZ Group, SI.TEQ). The portfolio includes technology companies with AI capabilities (Comdesk with ChatGPT voicebots, OR Technology with AI-based diagnostics), companies with third-party integrations (Comdesk/inopla with Microsoft Teams, Zoho, Hubspot, MS Dynamics), and companies with proprietary platforms (Tesedi's Covara, actum's ZENOS®). Several portfolio companies have been successfully exited (Empolis to proALPHA, SI.TEQ to ARTUS, BHT to Cantel Medical).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• >40 transactions including platform investments and add-ons completed
• +8 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability5 records

Feature6 records

Partnerships

14 partnerships are on record, tiered minor and core.

• DELPHI IMM / ion2s / AndCompanyminorStrategic or Co-development Partner · 4 May 2026ion2s (member of AndCompany) acquired 100% of DELPHI IMM (Geoinformation solutions for public sector, established 1997) in May 2026, strengthening AndCompany's GIS and digital citizen portal capabilities and adding a Potsdam location.
• Matignon Gruppe / Practice at Zeltweg (Dr. Christian Niehus)minorStrategic or Co-development Partner · 13 February 2026Matignon Gruppe (Rigeto-initiated Buy-and-Build platform in Swiss medical aesthetics) acquired the Practice at Zeltweg in Zurich in early 2026. Founder Dr. Christian Niehus participated in the Matignon Gruppe and continues to operate the practice. Matignon now operates 26 locations across Switzerland with 150+ employees.
• Clatum Consulting Group / AndCompanyminorStrategic or Co-development Partner · 9 February 2026AndCompany acquired 100% of Clatum Consulting Group (SAP public sector specialist, digital transformation of administrative processes in DACH) in February 2026, expanding AndCompany's 'House of Boutiques' platform in the public administration segment.
• Arklyz Group / Gabor ShoesminorStrategic or Co-development Partner · 20 October 2025Arklyz Group acquired 100% of Gabor Shoes GmbH (leading German women's footwear brand since 1919) in October 2025. Arklyz intends to support Gabor's journey to becoming an international market leader in the premium women's footwear segment.
• Beat Gruppe / Music Mail Tonträger (MMT) / dig dis!minorStrategic or Co-development Partner · 3 July 2025Beat Gruppe (Rigeto portfolio) acquired Music Mail Tonträger GmbH (MMT), strengthening its digital music distribution capabilities and expanding its customer base in the Electronic Dance Music genre.
• proALPHA GroupcoreStrategic or Co-development Partner · 19 September 2022The Empolis Gruppe (Rigeto portfolio company) was acquired by proALPHA Group in September 2022. The two companies had worked together in a partnership since April 2020, sharing a focus on the manufacturing sector. proALPHA is a leading ERP software provider for mid-market manufacturing. Rigeto had supported Empolis's transformation to SaaS before the exit.
• ARTUS Bautrocknung- und SanierungsgruppeminorStrategic or Co-development Partner · 1 June 2022The SI.TEQ Unternehmensgruppe (Rigeto portfolio) was sold to the ARTUS Bautrocknung- und Sanierungsgruppe in August 2023. SI.TEQ had been built by Rigeto from the Siccum foundation (2018) to a 12-location, ~EUR 30M group before this exit.
• Arklyz Group / The Athlete's Foot (TAF)coreStrategic or Co-development Partner · 31 May 2022Arklyz Group (Rigeto minority investment since 2019) acquired The Athlete's Foot — a franchise system with over 550 retail outlets for runner's sports — in summer 2021. This was followed by the acquisition of Asphaltgold (leading European sneaker and streetwear omnichannel player) in 2022 and Lloyd (German premium men's footwear brand) in 2024.
• AndCompany GmbH (ion2s, actum, DELPHI IMM, Clatum)coreStrategic or Co-development Partner · 17 January 2022Rigeto founded AndCompany GmbH as an entrepreneur holding for IT services in January 2022. ion2s (Darmstadt, ~80 employees) joined as the first member. Rigeto subsequently arranged acquisitions of actum consulting products (SAP integration), DELPHI IMM (GIS solutions), and Clatum Consulting (SAP public sector) into the AndCompany group. CEO Mark Toschek leads the platform.
• Haze & Glory (Kim & Rik Fiddicke, André Hamann)minorStrategic or Co-development Partner · 25 October 2021Rigeto portfolio company Julie & Grace acquired the Haze & Glory brand (handcrafted genuine jewelry from Bali) via an asset deal. Brand founders Kim & Rik Fiddicke continue to create designs and content for Haze & Glory and other Julie & Grace brands; influencer André Hamann continues to contribute social media reach.
• Lovehoney Group (WOW Tech + Lovehoney merger)coreStrategic or Co-development Partner · 12 August 2021The WOW Tech Group (controlled by Rigeto and CDH) merged with Lovehoney UK in August 2021 to form the Lovehoney Group — the world's leading Sensual Wellness company. The merger combined brands Womanizer, We-Vibe, Arcwave, ROMP, and Fifty Shades of Grey under one roof. Rigeto advised investors retained a minority stake in the combined entity. Telemos Capital is the majority owner of the new group.
• Dermedis GruppeminorStrategic or Co-development Partner · 2 July 2019The Dermedis Gruppe (a Rigeto portfolio company) acquired 100% of Clinique Matignon Suisse SA in Neuchâtel, Switzerland in July 2019. This represented Dermedis's market entry into Switzerland. Clinique Matignon was subsequently reorganized under the Matignon Gruppe structure under Rigeto's management.
• Engel & Völkers AGminorStrategic or Co-development Partner · 1 January 2019Rigeto's portfolio company Engel & Völkers Residential was sold back to the franchise licensor Engel & Völkers AG in January 2019, following a period of professionalization and >300% revenue growth. Rigeto had acquired the largest German Engel & Völkers franchisee in 2011.
• Cantel Medical Corp.coreStrategic or Co-development Partner · 1 July 2017Rigeto successfully exited the BHT Gruppe (medical device company for endoscope cleaning and disinfection) to Cantel Medical Corp. (New Jersey, USA) in July 2017. Cantel was one of the world's largest competitors in the hygiene equipment space. BHT had grown 134% during Rigeto's hold period.

Scale indicators7 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• VR Equitypartner: Frankfurt-based PE firm (part of DZ BANK Group) investing in German Mittelstand companies, with focus on succession and growth capital. Comparable by target profile, regional focus, and active support model.
• EMH Partners: Munich-based private equity firm investing in profitable German Mittelstand companies with EUR 20-250M enterprise value. Highly comparable by target size, geography, and lower-mid-market focus, and a former employer of Rigeto team members.
• Afinum: Munich-based PE firm investing in established German Mittelstand companies with a sector-focused approach. Comparable in target profile (profitable SMEs, EUR 5-100M revenue), regional focus, and buy-and-build orientation; also a former employer of Rigeto investment professionals.
• AUCTUS Capital Partners: Munich-based PE firm focused on majority investments in profitable German Mittelstand companies, often via succession situations and buy-and-build. Directly comparable by target size, geography, and DACH Mittelstand thesis.
• Odewald KMU: Berlin-based private equity firm focused on investments in established German Mittelstand companies, often family-owned. Comparable by target size, regional focus, and SME succession angle; multiple Rigeto team members previously worked at Odewald KMU.
• Halder: Frankfurt-based PE investor in profitable SMEs in Germany, Switzerland, Austria, and the Netherlands with buy-and-build focus. Highly comparable DACH Mittelstand thesis and target company size to Rigeto.
• Hannover Finanz: Hanover-based family-owned PE firm investing in established German Mittelstand companies, often in succession situations. Comparable by geography, target size, and long-term, family-capital approach to PE.
• Paragon: Munich-based growth capital firm investing in technology-driven SMEs and succession situations in German-speaking markets. Comparable by regional focus, target company profile, and active value creation approach.

Regional players

• GIMV: European PE firm with a strong DACH/Nordics footprint investing in SMEs via Buy-and-Build. Comparable by deal size, buy-and-build playbook, and cross-border DACH exposure, though headquartered in Belgium.

Broad incumbents

• Equistone Partners Europe: Pan-European mid-market PE firm investing in established businesses across DACH and beyond with strong buy-and-build capabilities. Comparable in mid-market Mittelstand focus and DACH footprint but typically operates at larger ticket sizes with institutional fund structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rigeto/?originalSubdomain=de

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rigeto