MADAUS Capital Partners

What MADAUS Capital Partners does

MADAUS Capital Partners GmbH is a Munich-based, owner-operated private equity boutique founded in 2003 that serves high-net-worth private investors in German-speaking markets. Its core function is sourcing, structuring, and managing direct entrepreneurial participations in Buy & Build projects on a deal-by-deal basis, supplemented by co-investments and club-deals. The firm reports fewer than ten employees and is wholly owned by its founding partners, Managing Partners Peter G. Klose and Veit M. Madaus (M.B.A.), together with Associated Partner Jonathan Freiherr v. Pfetten-Arnbach.

The firm's product portfolio comprises three active investment platforms: Projekt MontBlanc (German parking-management consolidation in a fragmented €1.5 billion market with 7,000+ operators), Projekt COOL (Buy & Build in the €6 billion German refrigeration, climate and ventilation sector, with €65 million of operating performance and named family offices as anchor investors), and Projekt FIRE (Spanish fire-protection maintenance with €32.5 million revenue and €7.7 million EBITDA on recurring revenues). Outside the core PE franchise, the firm operates a wealth-management arm (MADAUS Wealth) and a regional subsidiary in Australia (MADAUS Australia). No proprietary technology platform is referenced in the source data; the offering is fundamentally a relationship-, deal-flow-, and track-record-driven service.

MADAUS generates revenue through private-equity management fees and carried interest on successful exits, distributed via a direct sales motion: personal investor consultations, dedicated project microsites (montblanc, cool, fire on madaus-jetztinvestieren.de), and a secure investor portal at portal.madaus.com. The proposition emphasizes that founders invest their own capital alongside LPs, that investments are diversified and transparent with clear horizons, and that the firm opens institutional-quality Buy & Build deal flow to private investors who would otherwise lack access. Realized returns cited publicly include 44.70% in 451 days on an agricultural investment and 79.59% on the Humanlaboren investment (after costs, before taxes).

Name

MADAUS Capital Partners

Legal name

MADAUS Capital Partners GmbH

Website

https://madaus-investment.de

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

MADAUS Capital Partners is a Munich-based, owner-operated private equity boutique founded in 2003 that structures direct entrepreneurial Buy & Build participations for high-net-worth private investors across Germany and Australia.

Ownership category

akta.pro rank

Product category

Private Equity Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Management of Companies and Enterprises (551)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

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

akta.pro secondary industry

Venture Capital Fundraising Placement (FSAEALAC)

Keywords

• Private equity management
• Direct investments
• Buy and build
• Family asset management
• Wealth management services

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Private Equity Investment Management: MADAUS Capital Partners generates revenue through management of private equity investments. The firm offers direct entrepreneurial participations in Buy & Build projects, allowing private investors to build their own investment portfolios deal by deal. Revenue is generated through investment management fees and carried interest from successful exits.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

MADAUS Capital Partners is a Munich-based private equity firm that offers high net worth private investors direct entrepreneurial participations in Buy & Build investment projects on a deal-by-deal basis, including co-investments and club-deals. The firm manages multiple projects such as Projekt MontBlanc (German parking management consolidation), Projekt COOL (German refrigeration, climate, and ventilation sector), and Projekt FIRE (Spanish fire protection maintenance), as well as wealth management services through MADAUS Wealth and Australian operations through MADAUS Australia.

Product overview

MADAUS Capital Partners operates as a private equity firm offering direct entrepreneurial participations through its MADAUS Private Equity division. The firm manages multiple Buy & Build investment projects including Projekt MontBlanc (parking management consolidation in Germany), Projekt COOL (climate/refrigeration sector), and Projekt FIRE (Spanish fire protection). The company also includes MADAUS Wealth and MADAUS Australia as subsidiary divisions. MADAUS Capital Partners targets value-holding private equity participations with high returns and manageable durations, offering co-investments and club-deals to private investors.

Differentiator

Problem solved

Functional benefit

Products and services

• MADAUS Private Equity
• Projekt MontBlanc
• Projekt COOL A Buy & Build investment project in the German refrigeration, climate, and ventilation (KKL) sector (6 billion EUR market), with 65 million EUR in operating performance and an established expansion strategy. Family offices serve as anchor investors; capital increase participation is open to private investors.
• Projekt FIRE An established Buy & Build investment project in the Spanish fire protection maintenance market, currently generating 32.5 million EUR in revenue and 7.7 million EUR EBITDA with stable, recurring revenues. Open to private investor participation.
• MADAUS Wealth Wealth management services offered as a division of MADAUS Capital Partners, providing portfolio and asset management solutions to clients.

Quantifiable outcome

• 44.70% return in 451 days (after costs, before taxes) from agricultural investment
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• HQ Trust: German multi-family office serving UHNW entrepreneurs with direct investments and co-investments. Comparable to MADAUS's MADAUS Wealth division in targeting HNW families for direct PE participations, though HQ Trust is a multi-family office rather than a deal sponsor.

Broad incumbents

• IK Partners: Pan-European mid-market PE firm executing Buy & Build strategies across the DACH region. Comparable to MADAUS on mid-cap Buy & Build orientation and German/European deal sourcing, with a meaningfully larger institutional fund base.
• GIMV: Belgian-listed European mid-market PE platform with Buy & Build activity across consumer, healthcare, and tech-enabled services. Comparable to MADAUS as a multi-platform mid-market consolidator, though broader in scale and geography.
• ARCUS Infrastructure Partners: European long-life asset and infrastructure investor; overlaps thematically with MADAUS's KKL/climate exposure and parking infra theses, though operating in a regulated infrastructure framework rather than direct entrepreneurial participations.
• Bethmann Bank (Deutsche Bank Group): Frankfurt-based private bank and family-office arm of Deutsche Bank serving German HNW and family-office clients with wealth structuring and direct investments. Comparable to MADAUS on serving German HNW capital with access to private equity deal flow.

Emerging players

• Catalytic Capital: European mid-market PE firm focused on entrepreneurial Buy & Build platforms. Comparable to MADAUS as a sector-driven, asset-light consolidator at similar deal size, though typically operating from a single-platform thesis rather than multiple parallel projects.

Direct peers

• Finatem: Frankfurt-based independent mid-cap PE firm investing in German family- and founder-led businesses with Buy & Build approaches. Comparable to MADAUS in serving entrepreneurial succession/Buy & Build opportunities in the German Mittelstand.
• mutares SE & Co. KGaA: Munich-based special-situations and Buy & Build PE firm acquiring carve-outs and mid-market companies across fragmented industries. Comparable to MADAUS in geography, Buy & Build orientation, and a lean team running multiple parallel platforms.
• Deutsche Beteiligungs AG: Frankfurt-listed German mid-market private equity firm providing direct equity and Buy & Build capital to Mittelstand companies. Directly comparable to MADAUS as a Germany-rooted PE platform targeting mid-sized operating businesses with a sector-driven thesis.
• AUCTUS Capital Partners: German mid-market Buy & Build specialist focused on fragmented industries with consolidation potential. Directly comparable to MADAUS on strategy (Buy & Build roll-ups) and target market (German Mittelstand).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 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 MADAUS Capital Partners