Waldegg Equity

What Waldegg Equity does

Waldegg Equity Partners is an independent, entrepreneur-led private equity firm headquartered in Munich, Germany, founded in 2022 by Fabian Kiechle and Mario Christian Seeger. The firm invests in profitable Mittelstand companies across the DACH region with EUR 1–7 million in EBITDA and EBITDA margins above 15%, operating across three focus sectors: software, business services, and industrial technology. As of mid-2025, the portfolio comprises four platform companies — SHG Pur-Profile (aluminum profile systems, acquired July 2023), Hino Engineering / Eba Consult (engineering services, March 2024), Aventario (cloud-based vendor management software, August 2024), and Coperitus (banking software, June 2025) — collectively employing approximately 175 people and generating reported topline growth above 11.5% with average portfolio EBITDA margins exceeding 30%.

The firm operates two distinct investment products: Growth Partnerships, which provide growth capital to entrepreneurial-led businesses, and Succession Solutions, which facilitate ownership transitions for founders and family owners. Deal flow is sourced through proprietary DACH Mittelstand networks rather than auctions, with the team expanding in 2024 through the addition of an Investment Analyst and a Business Manager to support sourcing and execution capacity. Beyond core buy-out activity, Waldegg has made a seed investment in Phlair, a Direct Air Capture climate-technology venture, and has announced the "Waldegg Pledge," a planned foundation for climate action, indicating deliberate ESG positioning as part of the firm's identity.

The revenue model follows standard private equity mechanics, combining management fees on committed and deployed capital with carried interest on realized gains above a hurdle rate. No exits, realizations, fund-size disclosures, or limited-partner composition details are publicly available, which limits visibility into the firm's current revenue base and fundraising trajectory.

Name

Waldegg Equity

Legal name

Waldegg Equity Partners GmbH

Website

https://waldegg.de

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Waldegg Equity Partners is an independent, entrepreneur-led Munich-based private equity firm founded in 2022 that invests in profitable DACH Mittelstand companies with EUR 1–7m EBITDA across software, business services, and industrial technology via Growth Partnerships and Succession Solutions.

Ownership category

akta.pro rank

Product category

Private Equity / Middle-Market Buyout Investing

NAICS

All Other Financial Investment Activities (52399)

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

Keywords

• Private equity
• Growth capital
• Succession planning
• Middle market buyouts
• Majority investments

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 Returns from Portfolio Companies: Traditional private equity revenue model: generate returns through value creation in portfolio companies and eventual exits. Revenue is derived from capital appreciation, dividends, and sale of portfolio company stakes at higher valuations than acquisition cost. No recurring subscription or transaction revenue in the traditional SaaS sense.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Waldegg Equity Partners is an independent, entrepreneur-led private equity firm that takes majority investments in profitable, growing mid-sized companies in the DACH region (Germany, Austria, Switzerland) with EBITDA between EUR 1 and 7 million and EBITDA margins above 15%. It delivers two core investment offerings: Growth Partnerships (capital and strategic support for scaling companies) and Succession Solutions (structured transitions for owner-managed businesses), focused on software, business services, and industrial technology sectors.

Product overview

Waldegg Equity Partners is an independent, entrepreneur-led private equity firm offering two core investment products: Growth Partnerships and Succession Solutions. The firm undertakes majority investments in highly profitable, growth-oriented companies with EBITDA between EUR 1-7 million, focusing on high-margin business models in software, business services, and industrial technology. The portfolio currently comprises four companies: SHG Pur-Profile (workplace safety products), Hino Engineering (railway infrastructure engineering), Aventario (vendor management consulting/software), and Coperitus (banking software specialist).

Differentiator

Problem solved

Functional benefit

Products and services

• Growth Partnerships Majority equity investment offering providing growth capital and active strategic support to profitable, growing mid-sized companies in the DACH region, enabling them to reach the next development stage through partnership with the Waldegg team.
• Succession Solutions Tailored equity investment offering for owner-managed companies facing ownership transitions, providing structured succession solutions that safeguard the company's future and enable continued growth under new ownership with Waldegg as partner.

Quantifiable outcome

• 4 portfolio companies
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and indirect.

• Waldegg Foundation (Planned)flagshipStrategic or Co-development PartnerWaldegg plans to use part of the proceeds from investments to build a foundation that actively combats climate change. Entrepreneurs who sell their businesses to Waldegg directly contribute to the development of the Waldegg Foundation. This is described as a 'Waldegg Pledge' - an invitation to other investors to commit a share of returns to entrepreneurial solutions for climate protection.
• Deutsche BahnindirectOthersDeutsche Bahn is a customer of portfolio company Hino Engineering (Eba Consult), which provides construction supervision services for DB infrastructure projects. This is an indirect relationship through portfolio company operations.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Others

• IK Partners:

Direct peers

• PINOVA Capital: Munich-based growth equity firm investing in profitable German Mittelstand companies, very similar mandate, geography and target EBITDA profile to Waldegg. Directly comparable as both Kiechle's former employer and a same-vertical competitor.
• Findos Investor: Munich-based private equity investor focused on succession and growth investments in profitable German mid-market companies. Highly comparable mandate, sector mix, and EBITDA target to Waldegg; another prior employer of founding partner Kiechle.
• Emeram Capital Partners: Munich-based mid-market PE firm investing in DACH Mittelstand companies with EBITDA of EUR 5-50m. Same geography and similar mid-market focus; previously employed founding partner Seeger.
• Paragon Partners: Munich-based growth investor focused on DACH Mittelstand succession and growth situations, with a target EBITDA band broadly overlapping Waldegg's. Strongest direct independent peer given same city, mandate, and sector breadth.
• AUCTUS Capital Partners: Munich-based mid-market PE firm with a long-standing focus on succession solutions and majority investments in German Mittelstand companies. Directly comparable target profile and product offering to Waldegg.
• NORD Holding: Hannover-based PE firm investing in German Mittelstand succession and growth situations, with sector overlap in industrial technology and business services. Directly comparable on geography, ticket size, and value-creation approach.

Broad incumbents

• Bregal Unternehmerkapital: Munich-based family-office-backed mid-market PE firm with broader AUM and larger ticket sizes than Waldegg. Same geography and DACH Mittelstand focus; a more established incumbent in the same ecosystem where Seeger previously worked.
• Rigeto Unternehmerkapital: Munich-based family-office-backed PE firm focused on succession solutions for German Mittelstand companies. Same DACH focus and similar lower-mid-market mandate; another prior employer of founding partner Seeger.
• Deutsche Beteiligungs AG (DBAG): Frankfurt-listed mid-market PE firm with a long-standing DACH Mittelstand succession and growth franchise. Operates in the same sector/region with similar investment approach, but at a materially larger AUM scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aventario

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Waldegg Equity