Accursia Capital
Also known as Accursia Capital GmbH, Accursia Group
Owner-managed Munich industrial holding (founded 2017, office in Milan) buying Mittelstand manufacturing and industrial companies in carve-out, turnaround and succession situations.
- HEADQUARTERS
- München, Germany
- FOUNDED
- 2017
- AUM
- —
- OUTSIDE CAPITAL
- —
- TEAM LISTED
- 15 people
FOCUS
- STAGES
- Buyout
- ASSET MIX
- Private equityDirect investments
- GEOGRAPHY
- Europe
WHAT IT IS
Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.
ABOUT
Accursia Capital GmbH is an owner-managed industrial holding in Munich, founded in 2017 by Martin Scheiblegger, with a second office in Milan since 2023. It acquires Mittelstand industrial companies in special situations, such as corporate carve-outs, turnarounds and unresolved successions, and builds sector platforms through add-on acquisitions. Its stated criteria are revenue from EUR 20m, EBITDA margins from negative to 5%, manufacturing, industrial goods, packaging and industrial services, with a European focus. In 2026 it bought EXCEL–XTRONIC, iinovis (out of insolvency), Friulpress-Samp and the HENNgineered carve-out, and sold FENRIX, Eckelt and most of its aluminium die-casting platform.
INVESTMENT THESIS
Buys companies with operational value-creation potential (carve-outs, restructuring cases, unresolved successions), holds long term and builds sector platforms through buy-and-build add-ons.
PORTFOLIO (15)
- HENNgineered GmbHNOTABLEMobility & Logistics · since 2026
- EXCEL–XTRONIC GmbHMobility & Logistics · since 2026
- iinovis GmbHMobility & Logistics · since 2026
- Helvisio Glas AGIndustrial & Manufacturing
- Döring Berlin
- Glasziegler / Dual Seal GlassIndustrial & Manufacturing
- AIOS
- Yourzip
- comp!
- MIC ProductionIndustrial & Manufacturing
- CostamoressIndustrial & Manufacturing
- Friulpress-Samp S.p.A.Industrial & Manufacturing · since 2026 · Exited
- Aluminium Die Casting S.r.l.Industrial & Manufacturing · Exited
- FENRIX GmbHMobility & Logistics · Exited
- Eckelt Glas GmbHIndustrial & Manufacturing · Exited
TEAM
- Martin ScheibleggerFounder, CEO and Managing Director · source
- Swen GrafDirector Restructuring in Portfolio Companies · source
- Richard SchusterOperations Director · source
- Oliver WuertenbergerSenior Advisor · source
- Oliver MielkeOperations Manager · source
- Maximilian RainerInvestment Manager · source
- Diana DemenyInvestment Associate · source
- Leonie BalleJunior Investment Associate · source
- Albert IbatullinInvestment Analyst · source
- Sonja MichaelisGroup Finance · source
- Marie RathOperations Associate · source
- Ludovica BenniSenior Operations Analyst · source
- Ana MilinJunior Investment Analyst · source
- Julia DoblerLegal Associate · source
- Magdalena PryschAccountant · source
LINKS
FAQ
Accursia Capital is a private equity fund based in München, Germany, founded in 2017.
Yes. Accursia Capital invests directly in private companies.
Accursia Capital invests at Buyout stage in Industrial & Manufacturing and Mobility & Logistics.
Key people at Accursia Capital include Martin Scheiblegger (Founder, CEO and Managing Director), Swen Graf (Director Restructuring in Portfolio Companies), Richard Schuster (Operations Director) and Oliver Wuertenberger (Senior Advisor).
Accursia Capital's investments include HENNgineered GmbH, EXCEL–XTRONIC GmbH, iinovis GmbH, Helvisio Glas AG, Döring Berlin, Glasziegler / Dual Seal Glass, AIOS and Yourzip, among others.
The most recent publicly reported investment by Accursia Capital is HENNgineered (carve-out of HENN Group plastic injection moulding) (Buyout (carve-out)), announced in Sep 2026.