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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 14 SOURCES

NEXX Capital

Also known as NEXX Capital GmbH, HQ Equita, HQ Equita GmbH, Equita

Frankfurt Mittelstand private equity firm, founded 1991 by the Harald Quandt family office as HQ Equita; renamed in 2025 after a 2024 GP-led spin-out with Verdane. €20–50M equity tickets in DACH.

Formerly HQ Equita, the private equity arm founded in 1991 by the Harald Quandt family office; spun out of the Harald Quandt group in a 2024 GP-led transaction. Not HQ Trust or HQ Capital.

HEADQUARTERS
Frankfurt am Main, Germany
FOUNDED
1991
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
8 people

Focus

STAGES
GrowthBuyout
SECTORS
Industrial & ManufacturingSoftware & SaaSHealthTech
ASSET MIX
Private equity
GEOGRAPHY
GermanyAustriaSwitzerland

Overview

NEXX Capital, until April 2025 HQ Equita, was founded in 1991 by the family office of the Harald Quandt family, which initially pooled the capital of Harald Quandt's descendants, and has since grown into a private equity investor with a broad base of entrepreneurial and institutional investors across five fund generations. In 2024 it was spun out of the Harald Quandt group in a GP-led transaction in which Verdane acquired a significant minority in Fund V and in the management company NEXX Capital GmbH. It takes majority (situationally minority) stakes in profitable DACH Mittelstand companies in industrial technology, business and IT services, software and healthcare, especially medtech, via succession (MBO/MBI), growth financing, shareholder changes and carve-outs. It reports roughly €1bn of cumulative commitments since founding and more than 45 investments including add-ons.

Investment thesis

Partners with resilient, established DACH Mittelstand companies with an expandable position in growing markets, clear differentiation and a qualified management team; EBITDA above about €3M at margins above 10%, with buy-and-build add-ons.

PORTFOLIO (37)

  • MUEGGE
    Industrial & Manufacturing · since 2020
  • ELOVADE
    Software & SaaS · since 2019
  • TPG
    Industrial & Manufacturing · since 2018
  • r2p
    Industrial & Manufacturing · since 2018
  • FLAD & FLAD
    Media & Entertainment · since 2009
  • indevis
    Software & SaaS · since 2021 · Exited 2025
  • WELL PLUS TRADE
    since 2017 · Exited 2021
  • Rovema
    Industrial & Manufacturing · since 2015 · Exited 2017
  • WindStar Medical
    HealthTech · since 2014 · Exited 2016
  • MEN Mikro Elektronik
    Industrial & Manufacturing · since 2013 · Exited 2018
  • Stettler Sapphire
    Industrial & Manufacturing · since 2011 · Exited 2016
  • Walsroder Casings
    since 2011 · Exited 2017
  • SCHOCK
    Industrial & Manufacturing · since 2010 · Exited 2016
  • ISOLITE
    Industrial & Manufacturing · since 2010 · Exited 2017
  • Kolbe-Coloco
    since 2008 · Exited 2018
  • Karl Eugen Fischer
    Industrial & Manufacturing · since 2008 · Exited 2013
  • Leobersdorfer Maschinenfabrik
    Industrial & Manufacturing · since 2007 · Exited 2016
  • Transnorm
    Industrial & Manufacturing · since 2007 · Exited 2014
  • Stromag
    Industrial & Manufacturing · since 2007 · Exited 2011
  • PMA
    Industrial & Manufacturing · since 2006 · Exited 2010
  • Z&J TECHNOLOGIES
    Industrial & Manufacturing · since 2006 · Exited 2008
  • Barat Ceramics
    Industrial & Manufacturing · since 2006 · Exited 2012
  • Barat Carbide
    Industrial & Manufacturing · since 2006 · Exited 2007
  • AHT Cooling
    Industrial & Manufacturing · since 2005 · Exited 2007
  • VAG Armaturen
    Industrial & Manufacturing · since 2004 · Exited 2008
  • GEKA Brush
    Industrial & Manufacturing · since 2004 · Exited 2007
  • OKIN
    Industrial & Manufacturing · since 2004 · Exited 2009
  • AKT Altmärker
    since 2004 · Exited 2007
  • Klenk Holz
    since 2000 · Exited 2006
  • Gustatus
    Industrial & Manufacturing · since 1999 · Exited 2005
  • Gutbrod
    since 1998 · Exited 2002
  • Neumayer Tekfor
    since 1995 · Exited 2005
  • Infratest
    since 1995 · Exited 1998
  • BÜFA
    since 1994 · Exited 2003
  • Medima
    since 1994 · Exited 2000
  • Dragoco
    Industrial & Manufacturing · since 1993 · Exited 2002
  • INSTEC
    since 1992 · Exited 1999

People

  • Jan Herwig
    Partner Legal & Investor Relations, Managing Director · source
  • Florian Wiemken
    Partner, Managing Director · source
  • Dominik Schwarz
    Managing Director (Geschäftsführer) · source
  • Hans J. Moock
    Senior Advisor (Partner and Managing Director 2005–2025) · source
  • Adrian von Puttkamer
    Investment Director · source
  • Robert Mücke
    Senior Investment Manager · source
  • Meike Reinstorf
    Director Finance · source
  • Natali Nagel
    Associate Legal & Finance · source

Links

Frequently asked questions

NEXX Capital is a private equity fund based in Frankfurt am Main, Germany, founded in 1991.

Yes. NEXX Capital invests its own capital in private companies.

NEXX Capital invests at Growth and Buyout stages in Industrial & Manufacturing, Software & SaaS and HealthTech.

NEXX Capital's stated ticket size is €20M–€50M.

Key people at NEXX Capital include Jan Herwig (Partner Legal & Investor Relations, Managing Director), Florian Wiemken (Partner, Managing Director), Dominik Schwarz (Managing Director (Geschäftsführer)) and Hans J. Moock (Senior Advisor (Partner and Managing Director 2005–2025)).

NEXX Capital's investments include MUEGGE, ELOVADE, TPG, r2p, FLAD & FLAD, indevis, WELL PLUS TRADE and Rovema, among others.

The most recent publicly reported investment by NEXX Capital is Zen Software (add-on for portfolio company Elovade) (Add-on acquisition), announced in Mar 2026.

Yes. NEXX Capital manages capital from outside investors.