Armira
Also known as Armira Beteiligungen GmbH & Co. KG, Armira Growth, Armira Mittelstand
Munich investment holding managing about €5bn from families and entrepreneurs; majority stakes in DACH Mittelstand (€20-200M) and growth capital for European tech (€10-100M).
Munich investment holding and BaFin-supervised fund manager Armira Beteiligungen GmbH & Co. KG (HRA 102192); Armira Growth and Armira Mittelstand are its strategies, not separate firms.
- HEADQUARTERS
- Munich, Germany
- FOUNDED
- —
- AUM
- €5B (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 6 people
Focus
- STAGES
- GrowthBuyout
- ASSET MIX
- Private equity
- GEOGRAPHY
- GermanyAustriaSwitzerlandItalyEurope
Overview
Armira describes itself as an investment holding that provides entrepreneurial capital, backed by an investor base of families, entrepreneurs and long-term entrepreneurial capital, and says its platform manages around €5 billion. Armira Mittelstand invests €20-200M of equity in majority stakes in profitable mid-sized 'hidden champions' in the DACH region, northern Italy and beyond; Armira Growth provides €10-100M of growth capital to European tech companies; Armira Opportunities makes significant minority investments in established family businesses in health, life sciences or tech. The manager, Armira Beteiligungen GmbH & Co. KG, is supervised by BaFin and its SFDR disclosures state it became a fully licensed AIFM in 2024. KfW Capital lists Armira Growth among the VC funds it backs.
Investment thesis
Aims to be the preferred partner for family investors and entrepreneurs investing in the Mittelstand and resilient growth businesses, and the trusted co-owner for entrepreneurs in their next growth phase, with a long-term horizon.
PORTFOLIO (2)
- Mobility & Logistics · since 2026
- INTEC Industrie-TechnikIndustrial & Manufacturing · since 2024
People
- Alexander SchemannManaging Director of the general partner · source
- Christian BaillyManaging Director of the general partner · source
- Dr. Björn-Eric FörsterManaging Director of the general partner · source
- Désirée BallManaging Director of the general partner · source
- Dr. Florian TappeinerManaging Director of the general partner · source
- Dr. Johannes FritzChairman of the advisory board (Beirat) · source
Links
Frequently asked questions
Armira is a private equity fund based in Munich, Germany.
Yes. Armira invests its own capital in private companies.
Armira invests at Growth and Buyout stages in Industrial & Manufacturing, Software & SaaS and HealthTech.
Armira's stated ticket size is €10M–€200M.
Key people at Armira include Alexander Schemann (Managing Director of the general partner), Christian Bailly (Managing Director of the general partner), Dr. Björn-Eric Förster (Managing Director of the general partner) and Désirée Ball (Managing Director of the general partner).
Armira's investments include AVILOO and INTEC Industrie-Technik.
The most recent publicly reported investment by Armira is AVILOO (Strategic growth investment (~€30M, with Invest AG)), announced in Feb 2026.
Yes. Armira manages capital from outside investors.