Afinum
Entrepreneurial
Entrepreneurial
Empathic.
Afinum invests funds that are predominantly used to acquire majority positions in medium-sized companies.
Our funds have the flexibility to structure tailor-made equity solutions for a variety of business situations.
Our principle: we invest as a team, together with our investors.
Afinum at a glance
Afinum has been investing successfully in the mid-market for 20 years
Foundation
Founded in January 2000, Afinum is an independent mid-market investment company – fully owned by the Afinum partners
Team
For almost 30 years, the management team is active in the private equity industry; the senior team has already worked together in the investment business for many years prior to Afinum
Locations
Afinum has offices in Munich, Zurich and Hong Kong
Capital committments
Since foundation of the investment company, Afinum has raised funds with committed equity of approx. 1.4 billion EUR; currently Afinum has approx. 1.1 billion EUR equity capital under management
Transactions
Since 2000, Afinum has invested in about 80 companies, with consolidated turnover of approx. 2.6 billion EUR and approx. 19,000 employees
Approach
Flexible transaction structures based on long-term experience, especially in entrepreneurial succession situations and corporate carve-outs
Development of fund volume
Afinum fund volume
Afinum fund volume
in million EUR
Industries
Historical industry mix
Historical industry mix
across all fund generations
Afinum invests industry agnostic. We believe that – with the right team – value creation potential can be developed and increased in most of the sectors and across portfolio companies.
Our team has a broad sector experience and in most industries we have access to relevant experts through our network.
Investments
by Industry
by Industry
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21% - Industry & Technology
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18% - Consumer goods & Retail
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16% - Industrials
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12% - Software & Media
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10% - Furniture industry
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9% - Healthcare & Wellness
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8% - Construction & Real estate
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6% - Business Services
Equity capital
Our current Buy-out fund and investment focus
Fund size
- Buy-out Fund 2017 (Afinum Achte Beteiligungsgesellschaft mbH & Co. KG)
- Fund volume: 410 Mio. EUR equity capital
- Start of investment period: August 2017
- Fund period: 10 + 2 years
Focus areas
- Owner successions
- Corporate Carve-Outs
- Management Buy-out/ Management Buy-ins
- Buy and build concepts
- Simplification of the shareholder structure
- Growth financing
Investment criteria
- Majority positions up to 100% shareholdings
- Sales tipically between 10 – 200 Mio. EUR
- EBITDA range 5 – 20 Mio. EUR
- Enterprise values between 40 – 150 Mio. EUR
- Selectively smaller transactions, e.g. add-on acquisitions
- Companies with headquarters in Germany, Switzerland, Austria or neighboring countries
With Afinum, we have found the perfect partner who, with a lot of commitment and clear ideas about the value drivers and a mission statement, drives us and the company forward. A challenge that will put It Works in a completely different league in the public media sector.
For us as management, in addition to a good personal relationship, the understanding of our business model was very important. Afinum clearly differentiated itself positively in this respect during the process.
With Afinum, we have won an experienced and entrepreneurial partner who has guided Ledlenser back to independence through a professional carve-out management.
Together with Afinum, we successfully organized the succession and were able to grow the business significantly through organic and inorganic measures.
Investor base
Investors of our current
Investors of our current
Buy-out Fund
In order to achieve our investment goals, we need to have the right investors. These are on the one hand, well-respected entrepreneur families, who possess a deep understanding of mid-market businesses. In addition to capital, these investors provide us with valuable know-how.
On the other hand, our investor base comprises inter alia well-known asset managers, insurance companies, banks, pension funds. Afinum’s investors are typically based in our target regions; which means, they understand the country-specific challenges and value drivers of our portfolio companies.
Due to our investors base and structure, we are independent, quick in decision-making and flexible. Our team also invests substantial amounts of its own money, thereby fully aligning our interests with the ones of our investors.
Investors
by Region
by Region
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Germany
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USA
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Asia
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Scandinavia
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Other
Investors
by Type
by Type
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Pension funds, Insurances and others
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Family offices and Private investors
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Fund of funds
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Afinum Team
Our Responsibility
A responsible approach to investment and ownership
ESG
A responsible and sustainable approach to investment and ownership is an essential part of our firm culture at Afinum. We see it as our obligation, to integrate environmental, social and corporate governance factors (“ESG”) into our investment decisions.
Responsible Investments
Afinum will at any time review, whether a potential investment is in accordance with the criteria for responsible investment based on the Sustainable Developments Goals (SDGs) formulated by the UN.
Code of Conduct
For our portfolio companies, we implemented a set of guidelines (“Code of Conduct”) consisting of clear rules and processes to help our employees integrate and adhere to our ESG standards.
Climate neutral
Afinum Management GmbH balances its direct and indirect CO2 footprint and offsets it through environmental projects. For this purpose, we work together with Climate Partner, which has certified us as a climate-neutral company.
You can find more information about the projects we support here:
Investor Portal
Are you an investor in the Afinum Buy-out Fund 2017? Click here for our investor portal.
From entrepreneur to entrepreneur
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