Beyond AI: Six startup opportunities in Europe
Six sectors where European expertise, needs and regulatory changes are opening up new markets.
Read on SubstackPrivate equity buy-out funds in Germany
4 funds with a first or final close since 1 Jan 2025, €1.4bn in total, median €310m.
Open in the full trackerFundStageHQClosedSize €m
- 50.0
Acquires majority stakes in established DACH service businesses facing succession and builds larger groups through operational development and acquisitions.
- Business Services, Health & Bio
- Germany; Austria; Switzerland
- Emerging manager, Fund 1
- 12 Oct 2026
- Gaius Capital
- 700.0
Makes primary control investments in fundamentally sound DACH businesses, including succession situations and carve-outs, and develops them through strategic acquisitions.
- Generalist
- Companies headquartered in DACH
- Fund 3
- 13 Jul 2026
- NORD Holding
- 500.0
Makes primary buyouts of DACH Mittelstand businesses, addressing founder succession and supporting professionalisation and international growth.
- Technology, Health & Bio, Industrial Tech, Consumer
- DACH
- Fund 10
- 13 Apr 2026
- Afinum Management GmbH
- 120.0
Acquires non-core or underperforming lower-mid-market businesses and corporate carve-outs, using operational transformation to unlock sustainable growth.
- Consumer, Media & Telecom, Technology
- Western Europe, particularly Germany and the United Kingdom
- Emerging manager, Fund 1
- 10 Jun 2025
- Hypax GmbH
