AEQUITA
Also known as AEQUITA SE & Co. KGaA, AEQUITA Management SE, AEQ
Munich industrial investment group founded and financed in 2018 by Axel Geuer and Christoph Himmel; buys corporate carve-outs and Mittelstand companies in special situations.
- HEADQUARTERS
- München, Germany
- FOUNDED
- 2018
- AUM
- —
- OUTSIDE CAPITAL
- —
- TEAM LISTED
- 16 people
Focus
- STAGES
- Buyout
- ASSET MIX
- Private equityDirect investments
- GEOGRAPHY
- EuropeNorth America
Overview
AEQUITA SE & Co. KGaA is a Munich-based international investment group that acquires corporate carve-outs, companies in special situations and succession cases and transforms them with its own operational consultants. Its founders' profiles say Dr. Axel Geuer founded and financed AEQUITA in 2018 together with Christoph Himmel. The group reports about 15,000 employees and around EUR 10bn of annual revenue across its portfolio, with offices in Munich, Summerville (US) and Tokyo. Recent deals include the European olefins and polyolefins assets of LyondellBasell (now Velogy), Pentagon Technologies from Kurita Water Industries, and an agreement to buy Rheinmetall's Power Systems division.
Investment thesis
Long-term capital plus hands-on operational transformation for corporate carve-outs, companies in special situations and succession cases, with buy-and-build add-ons and an eventual sale to a strategic owner.
PORTFOLIO (11)
- VelogyNOTABLEIndustrial & Manufacturing
- TMD FrictionNOTABLEMobility & Logistics
- Pentagon TechnologiesIndustrial & Manufacturing · since 2026
- DurkoppIndustrial & Manufacturing
- BreydenIndustrial & Manufacturing
- Manage NowSoftware & SaaS
- SMAG Mobile Antenna MastsIndustrial & Manufacturing
- PEINER SMAGIndustrial & Manufacturing
- SignataMobility & Logistics
- Willi ElbeMobility & Logistics
- KTXMobility & Logistics
People
- Dr. Axel GeuerFounder, Managing Partner, Chairman of the Board of Directors (Verwaltungsrat) · source
- Christoph HimmelFounder, Managing Partner, Member of the Board of Directors · source
- Kolja HübnerPartner · source
- Robert RoigerPartner · source
- Ralph WestphalPartner and Chief Financial Officer · source
- Rafael RatzelMember of the Board of Directors (Verwaltungsrat) · source
- Dr. Franz EcklMember of the Board of Directors (Verwaltungsrat) · source
- Stefan BultmannManaging Director · source
- Dr. Ulf MerschmannManaging Director · source
- Hideyuki TozawaManaging Director · source
- Christopher BabelManaging Director · source
- Patrick OschustManaging Director · source
- Thomas von Petersdorff-CampenChairman of the Supervisory Board · source
- Julian SommerMember of the Supervisory Board · source
- Dr. Matthias KriebMember of the Supervisory Board · source
- Anna CramerDirector Finance, Group Accounting and Controlling · source
Links
Frequently asked questions
AEQUITA is a private equity fund based in München, Germany, founded in 2018.
Yes. AEQUITA invests its own capital in private companies.
AEQUITA invests at Buyout stage in Industrial & Manufacturing, Mobility & Logistics and Software & SaaS.
Key people at AEQUITA include Dr. Axel Geuer (Founder, Managing Partner, Chairman of the Board of Directors (Verwaltungsrat)), Christoph Himmel (Founder, Managing Partner, Member of the Board of Directors), Kolja Hübner (Partner) and Robert Roiger (Partner).
AEQUITA's investments include Velogy, TMD Friction, Pentagon Technologies, Durkopp, Breyden, Manage Now, SMAG Mobile Antenna Masts and PEINER SMAG, among others.
The most recent publicly reported investment by AEQUITA is Rheinmetall Power Systems division (Pierburg, Kolbenschmidt, Motorservice) (Carve-out (purchase agreement signed; closing expected Q4 2026)), announced in Jun 2026.