CONSTELLATION CAPITAL AG
CONSTELLATION CAPITAL AG is a Swiss, founder-led private equity firm founded in 1992 that executes a Buy & Build strategy in the DACH region, targeting EUR 20M-150M asset-light service companies in Healthcare, Education & Lifestyle, Business Services, and Financial Services.
- Company typePrivate
- Founded1992
- HeadquartersFreienbach, Switzerland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What CONSTELLATION CAPITAL AG does
CONSTELLATION CAPITAL AG is a Swiss private equity firm founded in 1992 and headquartered in Switzerland, operating a Buy & Build investment strategy focused on the DACH region (Germany, Switzerland, Austria). The firm targets established, profitable, asset-light service companies with revenues between EUR 20M and EUR 150M across three core sectors — Healthcare, Education & Lifestyle, and Business Services — and has expanded into Financial Services (tax advisory and auditing) via the NexaFides platform launched in February 2026. Since founding, the firm has completed 50 investments and built a network of more than 40 industry partners that support deal sourcing and value creation.
The firm operates a multi-fund model: Fund IV (EUR 120M, 2014), Fund VI (approximately EUR 90M, final close February 2024), and Fund VII (oversubscribed, closed May 2026), with CONSTELLATION Clean raised as a separate oversubscribed co-investment vehicle in 2025. Active platform investments include ARCA Group (wooden packaging), CONSTELLATION Clean (water and air quality services), Sonalis Group (physiotherapy), CONSTELLATION Academy (education), and NexaFides (tax and audit). The portfolio is built and harvested on a multi-year cycle, with recent realizations including Copytrend (2014), Swiss E-Mobility (2022/2023), and Baulogistik (sold to Zeppelin in March 2026).
The firm generates revenue primarily from management fees on committed and invested capital across active funds, supplemented by transaction, monitoring, and co-investment fees, plus lumpy carried interest on realizations. The team is small (1-10 employees) and founder-led by Rainer W. Fröhlich, reflecting an entrepreneur-focused LP positioning with an 85% LP renewal rate and roughly 70% growth in commitments from renewing investors between Fund VI and Fund VII.
CONSTELLATION CAPITAL AG firmographics
Firmographics- Name
- CONSTELLATION CAPITAL AG
- Legal name
- CONSTELLATION CAPITAL AG
- Website
- https://constellation.ch
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CONSTELLATION CAPITAL AG is a Swiss, founder-led private equity firm founded in 1992 that executes a Buy & Build strategy in the DACH region, targeting EUR 20M-150M asset-light service companies in Healthcare, Education & Lifestyle, Business Services, and Financial Services.
- Ownership category
- akta.pro rank
CONSTELLATION CAPITAL AG industry classification
Industry- Product category
- Private Equity / Buy-and-Build Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
- akta.pro secondary industry
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)
Keywords
Where CONSTELLATION CAPITAL AG is headquartered
LocationHeadquarters
- HQ city
- Freienbach
- HQ country
- Switzerland
- HQ region
- Europe
Offices3 records
Markets served
CONSTELLATION CAPITAL AG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Distribution channels1 record
Marketing channels4 records
CONSTELLATION CAPITAL AG product offering
Product offeringCore offering
CONSTELLATION CAPITAL AG is a Swiss private equity firm founded in 1992 that manages multiple Buy & Build private equity funds targeting majority stakes in established, profitable asset-light service SMEs in the DACH region (Germany, Switzerland, Austria), typically with EUR 20–150 million in revenues, across Healthcare, Education & Lifestyle, Business Services, and Financial Services verticals. It deploys capital through successive fund vintages (IV, V, VI, and VII) and supports portfolio companies with organic growth and add-on acquisitions under branded platforms such as NexaFides, ARCA Group, Sonalis Group, CONSTELLATION Clean, and CONSTELLATION Academy.
Product overview
CONSTELLATION CAPITAL AG is a Swiss private equity firm (founded 1992) operating as a Buy & Build investment specialist. The firm manages multiple investment funds (CONSTELLATION V, VI, and VII) that acquire majority stakes in established, profitable service companies in Germany, Switzerland, and Austria across three core sectors: Healthcare, Education & Lifestyle, and Business Services. The investment strategy focuses on supporting portfolio companies through a Buy & Build approach, combining organic growth with strategic acquisitions. Current portfolio platforms include: NexaFides Group (tax advisory and auditing services), ARCA Group (wooden packaging services), Sonalis Group (photovoltaic installation), CONSTELLATION Clean (water and air quality services), and CONSTELLATION Academy (coaching and training services).
Differentiator
Problem solved
Functional benefit
Brands
- NexaFides: Platform for tax advisors and auditors in Germany, bringing together selected and regionally leading tax advisory and auditing firms.
- ARCA Group
- Sonalis Group
- CONSTELLATION Clean
- Constellation Academy
Products and services
- CONSTELLATION VI Fund Buy & Build private equity fund acquiring majority stakes in established, profitable asset-light service SMEs in Germany, Switzerland, and Austria, targeting EUR 20–150 million revenues in Business Services, Education & Lifestyle, and Healthcare.
- CONSTELLATION VII Fund Next-vintage Buy & Build private equity fund from CONSTELLATION CAPITAL AG, oversubscribed at its hard cap and continuing the firm's DACH asset-light service SME strategy.
- NexaFides Group Portfolio platform consolidating regionally leading tax advisory and auditing firms in Germany, offering succession solutions, shared quality standards, and targeted digitalisation to SME clients.
- ARCA Group Wooden packaging and packaging services consolidation platform serving German-speaking countries, aggregating specialized packagers into a unified network offering customized packaging solutions.
- Sonalis Group Photovoltaic installation services platform aiming to become a market leader in Germany through consolidation of fragmented PV installation providers.
- CONSTELLATION Clean Market leader platform for drinking water and air quality inspection, testing, maintenance, cleaning, and servicing of water and air distribution facilities in Germany, Austria, and Switzerland.
- CONSTELLATION Academy Coaching and training services platform covering the full value chain of coaching, training, consulting, and placement services to B2C, B2B, and B2G clients across the DACH region, with over 700 employees.
Quantifiable outcome
- 50 investments completed since founding in 1992
- +2 more outcomes
Companies that use CONSTELLATION CAPITAL AG
Customer profileSegments4 records
Ideal customer profiles2 records
CONSTELLATION CAPITAL AG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CONSTELLATION CAPITAL AG partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Industry Partners NetworkcoreNetwork of 40+ industry partners including entrepreneurs, owners, CEOs, and CFOs who provide deal sourcing, due diligence support, and value-creation expertise for portfolio companies.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
CONSTELLATION CAPITAL AG competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
CONSTELLATION CAPITAL AG social profiles
Digital presenceCONSTELLATION CAPITAL AG financial estimates
Financial estimateRevenue estimate
Valuation estimate
CONSTELLATION CAPITAL AG leadership team
Management profileNumber of profiles
Profiles2 records
CONSTELLATION CAPITAL AG subsidiaries and ownership
Company hierarchySubsidiaries7 records
CONSTELLATION CAPITAL AG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CONSTELLATION CAPITAL AG M&A and investment
M&A and investmentM&A7 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CONSTELLATION CAPITAL AG
What does CONSTELLATION CAPITAL AG do?
CONSTELLATION CAPITAL AG is a Swiss private equity firm founded in 1992 that manages multiple Buy & Build private equity funds targeting majority stakes in established, profitable asset-light service SMEs in the DACH region (Germany, Switzerland, Austria), typically with EUR 20–150 million in revenues, across Healthcare, Education & Lifestyle, Business Services, and Financial Services verticals. It deploys capital through successive fund vintages (IV, V, VI, and VII) and supports portfolio companies with organic growth and add-on acquisitions under branded platforms such as NexaFides, ARCA Group, Sonalis Group, CONSTELLATION Clean, and CONSTELLATION Academy.
Is CONSTELLATION CAPITAL AG a public or private company?
CONSTELLATION CAPITAL AG is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CONSTELLATION CAPITAL AG founded?
CONSTELLATION CAPITAL AG was founded in 1992. It employs 1 to 10 people.
Where is CONSTELLATION CAPITAL AG based?
CONSTELLATION CAPITAL AG is headquartered in Freienbach, Switzerland, in the Europe region.
Does CONSTELLATION CAPITAL AG have an API?
No public API is recorded for CONSTELLATION CAPITAL AG.
What industry is CONSTELLATION CAPITAL AG in?
CONSTELLATION CAPITAL AG's product category is Private Equity / Buy-and-Build Investment Management. Its primary akta.pro industry code is FSANACAO, Multi-Sector / Generalist Growth Equity, with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523940 and its SIC code is 6282.