What GREENPEAK Partners does

GREENPEAK Partners is a Munich-based, BaFin-authorized private equity firm operating under the legal entity GREENPEAK Management GmbH, founded in 2020 and specializing in develop, buy & build strategies across the DACH+ region (Germany, Austria, Switzerland plus select Western Europe). The firm targets mid-market businesses with €5–50M in profitable turnover in fragmented service niches within three thematic verticals: business services, healthcare services, and real asset services/infrastructure. Rather than pursuing generic buyouts, GREENPEAK creates platforms from the ground up with founding entrepreneurs and then scales them through thematic bolt-on acquisitions, evidenced by 17+ distinct portfolio platforms including CERTANIA (TIC, ~50 companies, 12 countries), Atania (tax advisory/audit), Axaitra (cloud/AI managed services), Athagoras (pharma market access), Academia (pathology labs), Paratus (healthcare software), VITAIRA (pharma logistics), Kaia Energy (renewable IPP), and Renner Holding (building technology).

The firm earns revenue through two streams managed by its KVG-regulated entity: recurring management fees on assets under management across Fund II, Fund III, Continuation Fund I, and Fund IV, plus performance-based carried interest from portfolio exits. Over €400M was raised in 2025 across Fund III, CV-Top Up and Co-Invest vehicles from institutional LPs; combined portfolio company revenue exceeds €1B annually. Distribution is exclusively direct-to-institution, with EEA-wide reach enabled by BaFin's EU passport.

Operational positioning rests on a differentiated develop-then-buy-and-build model rather than pure roll-ups, supported by a dedicated Value Creation & Operating Partner function, an Axaitra-led cross-platform AI/digitalization agenda, and a recently formalized Supervisory Board (June 2026) chaired by Philipp Ostermeier. The firm has been recognized as Real Deals 'Private Equity House of the Year: Small-Cap' (2026) and Private Equity Wire 'Emerging Performance of the Year: Buyout' (2025).

Name

GREENPEAK Partners

Legal name

GREENPEAK Management GmbH

Website

https://greenpeak-partners.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

GREENPEAK Partners is a Munich-based, BaFin-authorized private equity firm that builds and scales mid-market B2B service platforms through develop, buy & build strategies across the DACH+ region, with 17+ portfolio companies generating over €1B in combined annual revenue.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

akta.pro secondary industry

Energy & Sustainability / Climate Growth Equity (FSANACAG)

Keywords

• Private equity services
• Buy-and-build investing
• Mid-market acquisitions
• Venture capital management
• Sustainable business investment

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management - Management Fees: GREENPEAK Management GmbH, as a BaFin-authorized KVG, manages Alternative Investment Funds (AIFs) and earns management fees on assets under management. Funds include Fund II, Fund III, Continuation Fund I, and Fund IV.
2. Fund Management - Carried Interest: Performance-based carried interest from successful exits of portfolio companies within their investment funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

GREENPEAK Partners is a BaFin-authorized private equity firm that creates and scales mid-market platform companies across the DACH+ region through a develop, buy & build strategy. The firm invests in business services, healthcare services, real asset services, and infrastructure assets, building platforms from the ground up with founding entrepreneurs and adding bolt-on acquisitions. It manages multiple private equity funds (Fund II, Fund III, Continuation Fund I, Fund IV) and has built 15+ platforms generating over €1 billion in combined annual revenue.

Product overview

GREENPEAK Partners operates as a private equity investment firm specializing in develop, buy & build strategies across the DACH+ region. The firm builds and scales multiple platform companies across three core sectors: Business Services (including cloud MSP, cybersecurity, TIC/certification, tax advisory), Healthcare Services (pathology labs, pharma consulting, healthcare software, medical practices), and Real Asset Services (engineering, infrastructure, building technology). The portfolio includes 17+ distinct platform brands including CERTANIA (Testing, Inspection & Certification), Atania (tax advisory/audit), Axaitra (cloud managed services), Athagoras (pharma consulting), Academia (medical labs), Paratus (healthcare software), VITAIRA (pharma logistics), and others. Each platform operates independently while benefiting from GREENPEAK's capital, operational support, and cross-platform synergies.

Differentiator

Problem solved

Functional benefit

Products and services

• GREENPEAK Fund III (with CV-Top Up and Co-Invest) Private equity fund vehicle managed by GREENPEAK Management GmbH (BaFin-authorized KVG) for institutional investors to commit capital to DACH+ mid-market buy-and-build investments.
• GREENPEAK Continuation Fund I Continuation fund managed by GREENPEAK Management GmbH providing capital for sustained investment in existing DACH+ platform companies.
• CERTANIA Testing, Inspection & Certification (TIC) platform providing services across life sciences, food and consumer goods, industrials, buildings and infrastructure, as well as certification and compliance.
• Atania Independent, technology-driven group of tax advisory and audit firms serving mid-market clients in Germany, combining regional strength, specialist expertise and technological capabilities in digitalisation, automation and AI.
• Axaitra Cloud Managed Service Provider building services for small and medium-sized enterprises and corporate customers, focused on cloud services, Microsoft Modern Desktop and Azure Cloud Services, and Data and AI.
• Athagoras Pharmaceutical consulting platform focused on market access, regulatory and compliance, and pharmacovigilance services to bring innovative healthcare products to market efficiently.
• Academia Germany's first integrated outpatient special laboratory group in pathology, human genetics, and hematology, focused on pathology, dermahistology, human genetics, hemastaseology, and gynecology.
• VITAIRA Group Specialized, end-to-end pharma logistics platform including GDP-compliant transport and storage, regulatory excellence, and GMP-certified value-added services.
• Athegis Managed Security Services platform providing Cyber Security-as-a-Service for SMEs in Europe, combining end-to-end security coverage across governance, protection, detection, response and recovery.
• Accurant Integrated Test, Measurement & Control (TM&C) platform connecting sensing, data acquisition and analytics, enabling compliance, performance and predictive intelligence across mission-critical applications in life sciences, food & beverage and environmental sectors.
• Paratus Healthcare software group supporting professionals with innovative solutions, offering documentation-, analysis-, or planning software for healthcare professionals in radiology, laboratory, orthopedics, and oncology.
• Kaia Energy Independent power producer operating renewable and flexibility assets for Germany's energy transition, focusing on wind, solar and battery storage projects.
• Epiona Pain therapy and orthopedic clusters of excellence in DACH+ focused on meeting growing demand for evidence-based treatments, aiming for local quality leadership in pain management and orthopedic treatment services.
• Engenios Scalable, integrated platform of infrastructure engineering firms focused on energy, digital, transport, and water infrastructure, offering expertise in planning, project management, and construction supervision.

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

Twelve partnerships are on record, tiered platform acquisition, founding partner, cooperation partner, flagship platform and platform investment.

• SPGLplatform acquisitionStrategic or Co-development Partner · 18 June 2026SPGL joins CERTANIA as a Centre of Excellence for CQV (Commissioning, Qualification, Validation) and Quality Assurance & Compliance. Headquartered in London with additional execution office in Antwerp, Belgium.
• Van Santen Adviesplatform acquisitionStrategic or Co-development Partner · 9 June 2026Van Santen Advies joins CERTANIA Group, expanding Buildings & Infrastructure offering in the Netherlands. Dutch specialist in asbestos, hazardous materials compliance and building inspections, headquartered in Delft.
• Blue Frog Scientificplatform acquisitionStrategic or Co-development Partner · 7 May 2026Blue Frog Scientific joins CERTANIA Group, strengthening the Industrials segment with capabilities in Regulatory Science and Chemical Compliance for EU and UK requirements. Headquartered in Edinburgh with presence in UK and France (Lyon).
• ICP Analytikplatform acquisitionStrategic or Co-development Partner · 5 May 2026ICP Analytik joins CERTANIA, strengthening Buildings & Infrastructure segment with drinking water and environmental analytics. Based in Preetz, Schleswig-Holstein, Germany.
• Ecker + Eckerplatform acquisitionStrategic or Co-development Partner · 30 April 2026Ecker + Ecker joins athagoras, bringing expertise in AMNOG, pricing, and EU HTA. Marks a decisive step toward a leading position in Joint Clinical Assessments (JCA).
• Accessus Healthplatform acquisitionStrategic or Co-development Partner · 30 April 2026Accessus Health joins athagoras, enhancing the Group's capabilities in multinational Market Access across key European markets including Germany, France, Italy, Spain, Switzerland, UK, and the Nordics.
• APV Utbildarnaplatform acquisitionStrategic or Co-development Partner · 29 April 2026APV Utbildarna joins CERTANIA's Certification & Compliance segment. Specialized corporate online learning and certification platform based in Gothenburg, Sweden, covering mandatory competence and safety training in regulated environments.
• AC CHRISTES & PARTNER (ACP)founding partnerStrategic or Co-development Partner · 3 December 2025AC CHRISTES & PARTNER joins GREENPEAK as founding partner for the atania platform - an independent, technology-driven group of tax advisory and audit firms. ACP brings over 30 years of experience, 2,000+ transactions, and 120 employees across Hamburg, Munich, and Düsseldorf.
• THE MAKERYfounding partnerStrategic or Co-development Partner · 3 December 2025THE MAKERY, founded by Franz Prinz zu Hohenlohe with nine additional partners, joins as founding partner for atania platform. Adds deep expertise in international tax advisory, corporate tax law, business valuation, and advisory services for large mid-market and listed companies.
• AXAITRAcooperation partnerTechnology or Integration · 3 December 2025AXAITRA, a cloud and AI service provider for Microsoft Cloud in Europe, has a cooperation agreement with atania (GREENPEAK portfolio). AXAITRA provides technology infrastructure supporting digital transformation of tax advisory and audit services.
• Certaniaflagship platformStrategic or Co-development Partner · 1 March 2024Certania is GREENPEAK's flagship TIC (Testing, Inspection, and Certification) platform. As of March 2024, Certania has executed 20 transactions under GREENPEAK's guidance and operates across 12 countries. Focuses on sustainability and health transparency across life sciences, food, consumer goods, industrials, buildings, and infrastructure.
• DB Softplatform investmentStrategic or Co-development Partner · 1 January 2023GREENPEAK Partners' acquisition of DB Soft to support Paratus's growth trajectory. DB Soft strengthens Paratus, GREENPEAK's healthcare software platform focused on documentation, analysis, and planning software for healthcare professionals in radiology, laboratory, orthopedics, and oncology segments.

Scale indicators7 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Armira: Munich-headquartered investment holding company pursuing majority stakes in mid-sized German and European companies with buy-and-build potential. Closely comparable on DACH focus, mid-market ticket size, and platform-building approach.
• Mutares: Munich-listed private equity firm focused on mid-market European companies in special situations, carve-outs, and turnarounds with active operational involvement. Comparable on DACH mid-market focus, sector breadth, and hands-on platform operations.
• capiton: Berlin-based mid-market private equity firm investing across business services, healthcare, and industrial technology in the DACH region. Comparable on DACH focus, fund size, and thematic mid-market investing.
• AFINUM Management: Munich-based mid-market private equity firm investing in DACH-region companies in business services, healthcare, and industrial sectors. Closely comparable to GREENPEAK on regional focus, sector mix, and mid-market buy-and-build strategy.
• Paragon Partners: Munich-based independent private equity firm focused on DACH mid-market buyouts and buy-and-build platforms in business services and industrial niches. Closely comparable on regional focus, platform model, and sector mix.
• Adcuram Group: Munich-based mid-market private equity firm specializing in buy-and-build strategies for owner-managed industrial and services companies in the DACH region. Directly comparable to GREENPEAK on geography, fund size, and buy-and-build platform development model.
• AUCTUS Capital Partners: Munich-based mid-market private equity firm focused exclusively on DACH mid-cap buyouts and succession situations. Comparable on DACH focus, mid-market deal size, and active operational engagement.
• HALDER: Frankfurt- and Munich-based mid-market private equity firm with a long-standing DACH buy-and-build franchise in business services, healthcare, and industrials. Comparable on regional focus, sector verticals, and platform-building playbook.

Broad incumbents

• IK Partners: Pan-European mid-market private equity firm headquartered in London, with deep DACH and Northern European coverage across business services, healthcare, and industrials. Comparable on European mid-market focus, with broader geographic scope.
• Deutsche Beteiligungs AG: Frankfurt-listed German private equity firm providing mid-market buyout and growth capital across multiple sectors in the DACH region. Comparable on DACH focus and mid-market deal flow, with broader sector reach and a public-market capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/greenpeak-partners

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries24 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 GREENPEAK Partners