Company lists · Data refreshed September 2026

Top 24 Private equity backed companies based in Germany

RevenueBase identified 431 private equity backed companies headquartered in Germany as of September 2026 and tracks 5,091 professional contacts across them, including 2,070 with verified work emails and 246 with mobile numbers. Munich is the largest hub.

This list covers private equity backed companies headquartered in Germany, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, how directly it supports the match, and when it was last checked. Data refreshed September 5, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase SmartSearch, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row Match evidence on every row Refreshed Sep 5, 2026 86% judged on-target in blind review
431Companies
5,091Contacts tracked
2,070Verified emails
246Mobile numbers
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The 24 largest private equity backed companies based in Germany

Ranked by team size
Top 24 of 431 private equity backed companies based in Germany, ranked by team size, largest first. Data refreshed Sep 5, 2026. Evidence rates how directly each company's own description names private equity backed companies: strong (names it), partial (names part of it), indirect (matched on its full profile rather than the summary shown). Click a count to unlock that company's people.
#CompanyHeadquartersEmployeesContacts
1
Mutares SE & Co. KgaaPartial evidence
Munich, GermanyHQ checked Sep 5, 202610001+224

“Mutares - The equity entrepreneurs Mutares SE & Co.”

Source: company website · checked Sep 5, 2026
2
Deutsche Beteiligungs AGIndirect evidence
Frankfurt Am Main, GermanyHQ checked Sep 5, 202651-200150

“Deutsche Beteiligungs AG is a public investment firm specializing in management buyout and late stage transactions of middle market companies.”

Source: company website · checked Sep 5, 2026
3
AequitaIndirect evidence
Munich, GermanyHQ checked Sep 5, 202651-200118

“AEQUITA is a Munich-based family office investing in special situations including corporate carve-outs, successions, and recovery situations across Europe.”

Source: company website · checked Sep 5, 2026
4
HQ CapitalStrong evidence
Bad Homburg, GermanyHQ checked Sep 5, 202651-200112

“Over the past 36 years, HQ Capital has been actively investing in global private equity on behalf of institutions and family offices.”

Source: company website · checked Sep 5, 2026
5
DTCPPartial evidence
Hamburg, GermanyHQ checked Sep 5, 202651-20096

“DTCP is an investment management firm focused on growth equity, digital infrastructure and defence technology.”

Source: company website · checked Sep 5, 2026
6
ArmiraIndirect evidence
München, GermanyHQ checked Sep 5, 202651-20086

“About Armira Armira is a European investment holding specialising in partnerships with entrepreneur-led and family-owned hidden champions.”

Source: company website · checked Sep 5, 2026
7Munich, GermanyHQ checked Sep 5, 202651-20082

“Deutsche Private Equity (DPE) ist eine unabhängige deutsche, international aktive Beteiligungsgesellschaft, die in mittelständische Wachstumsunternehmen in Deutschland, Österreich…”

Source: company website · checked Sep 5, 2026
8
Greenpeak PartnersIndirect evidence
München, GermanyHQ checked Sep 5, 202651-20080

“Founded in 2015, GREENPEAK Partners uses a thesis-led develop-buy-build model to establish future market leaders in the DACH+ region.”

Source: company website · checked Sep 5, 2026
9
Nord Holding UBG MBHStrong evidence
Hannover, GermanyHQ checked Sep 5, 202611-5065

“With over 50 years of history and assets under management of € 4.0 billion, NORD Holding is one of the leading private equity asset management companies in Germany.”

Source: company website · checked Sep 5, 2026
10
LEA PartnersStrong evidence
Karlsruhe, GermanyHQ checked Sep 5, 202611-5057

“LEVERAGING ENTREPRENEURIAL AMBITION As an entrepreneurial-minded multi-stage private equity and venture capital firm LEA Partners funds and supports ambitious B2B Tech founders…”

Source: company website · checked Sep 5, 2026
11
CapmontPartial evidence
Munich, GermanyHQ checked Sep 5, 202651-20054

“Capmont is an entrepreneurial private capital investment manager.”

Source: company website · checked Sep 5, 2026
12
Allianz XIndirect evidence
Munich, GermanyHQ checked Sep 5, 202611-5053

“Allianz X is the strategic growth investments arm of Allianz Group, dedicated to keeping the leading global insurer and asset manager at the forefront of the industry.”

Source: company website · checked Sep 5, 2026
13
Paragon PartnersStrong evidence
Munich, GermanyHQ checked Sep 5, 202611-5050

“Paragon is an independent private equity firm that stands for sustainable investments in mid-sized companies since its foundation in 2004.”

Source: company website · checked Sep 5, 2026
14
YttriumPartial evidence
Frankfurt Am Main, GermanyHQ checked Sep 5, 202611-5049

“Yttrium (formerly Digital+ Partners) is a growth equity investment firm specialised in B2B technology companies.”

Source: company website · checked Sep 5, 2026
15
Flex CapitalStrong evidence
Berlin, GermanyHQ checked Sep 5, 202611-5046

“FLEX Capital ist ein von Serienunternehmern und Software-Spezialisten gegründeter Private Equity Fonds und investiert in den profitablen Software- und Tech-Mittelstand im…”

Source: company website · checked Sep 5, 2026
16
INDUSIndirect evidence
Bergisch Gladbach, GermanyHQ checked Sep 5, 2026n/a46

“Since 1989, INDUS has delivered sustained growth with a diversified portfolio of Mittelstand companies.”

Source: company website · checked Sep 5, 2026
17
Tengelmann Twenty-One KGIndirect evidence
München, GermanyHQ checked Sep 5, 202611-5044

“Wir sind die in München ansässige Holding der Tengelmann-Unternehmensgruppe, einem seit 1867 bestehenden Familienunternehmen.”

Source: company website · checked Sep 5, 2026
18
Aurelius WachstumskapitalIndirect evidence
Munich, GermanyHQ checked Sep 5, 202611-5043

“Die AURELIUS WACHSTUMSKAPITAL, Teil der AURELIUS Gruppe, investiert in erfolgreiche, eigentümergeführte Unternehmen und unterstützt diese vor Ort bei der zukunftsorientierten…”

Source: company website · checked Sep 5, 2026
19
THI InvestmentsIndirect evidence
Stuttgart, GermanyHQ checked Sep 5, 202611-5039

“What we do We invest into European middle-market companies with great management and sustainable long-term growth prospects.”

Source: company website · checked Sep 5, 2026
20
SHS CapitalIndirect evidence
Tübingen, GermanyHQ checked Sep 5, 202611-5039

“At SHS Capital we are committed to Building European Healthcare Champions, by helping to accelerate our portfolio companies' growth.”

Source: company website · checked Sep 5, 2026
21
Hannover FinanzIndirect evidence
Hannover, GermanyHQ checked Sep 5, 202611-5038

“Hannover Finanz Creating value with responsibility.”

Source: company website · checked Sep 5, 2026
22
Quadriga CapitalIndirect evidence
Frankfurt, GermanyHQ checked Sep 5, 202611-5036

“Sustained value creation as the primary objective.”

Source: company website · checked Sep 5, 2026
23
Elvaston Capital ManagementIndirect evidence
Berlin, GermanyHQ checked Sep 5, 202611-5035

“We invest in market-leading companies in enterprise software to shape a better future.”

Source: company website · checked Sep 5, 2026
24
EMH PartnersIndirect evidence
München, GermanyHQ checked Sep 5, 202611-5032

“EMH Partners is a leading growth investment firm that partners with technology businesses and entrepreneurs.”

Source: company website · checked Sep 5, 2026

Showing 24 of 431 private equity backed companies based in Germany

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Private equity backed companies based in Germany at a glance

As of Sep 5, 2026
1-10Median size (employees)
MunichLargest hub · 59 HQs
246Contacts with mobile numbers
Sep 5, 2026Data refreshed

Companies by employee count

1-10
272
11-50
107
51-200
24
201-500
10
501-1,000
3
1,001-5,000
5
5,001-10,000
3
10001+
2

Verified emails by last verification

0–30
1,929
31–60
134
61–90
1
90–180
0
180+
6

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among private equity backed companies, so some rows will be adjacent to the category rather than pure plays. The description and evidence rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase SmartSearch, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in Germany whose own description of what they do matches “private equity backed companies”. Matching reads each company's description, not its industry code or its name.
What we exclude
Companies whose own description does not clearly place them among private equity backed companies, and records with no verified work email. Companies headquartered outside Germany are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and an evidence rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 2,070 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 5, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

How many private equity backed companies are there based in Germany?

RevenueBase identified 431 private equity backed companies headquartered in Germany as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Mutares SE & Co. Kgaa, headquartered in Munich, tops this list with the largest team on record.

Which city has the most private equity backed companies?

Munich leads with 59 headquartered companies, followed by Munchen (55) and Berlin (50).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 2,070 verified decision-maker contacts tracked across these 431 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 5, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase SmartSearch, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.