Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

Quadriga Capital

Also known as Quadriga Capital Eigenkapitalberatung GmbH, Quadriga Capital Funds

Frankfurt mid-market private equity firm advising the Quadriga Capital Funds; majority stakes in DACH healthcare, tech-enabled services and smart industries companies; €20–120m equity tickets.

Frankfurt mid-market private equity adviser to the Quadriga Capital Funds. Not Quadriga Fintech or QuadrigaCX.

HEADQUARTERS: Frankfurt am Main, Germany
FOUNDED: —
AUM: €916M (2021)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 18 people

Focus

STAGES: GrowthBuyout
SECTORS: HealthTech Software & SaaS Industrial & Manufacturing
ASSET MIX: Private equityImpact
GEOGRAPHY: GermanyAustriaSwitzerlandEurope

Overview

Quadriga Capital advises the Quadriga Capital Funds, which take mainly majority stakes in owner-led mid-sized companies in Germany, Austria, Switzerland and neighbouring countries. Its founders around Dr. Andreas Fendel and Max W. Römer helped establish private equity in Germany in the mid-1980s, and it says the funds have backed more than 150 mid-sized growth companies, with more than 50 international institutional investors. It focuses on Healthcare, Tech-Enabled Services and Smart Industries, often via platform and buy-and-build strategies, and publishes sustainability reports as a signatory of the Operating Principles for Impact Management.

Investment thesis

Builds market leaders organically or by buy-and-build in Healthcare, Tech-Enabled Services and Smart Industries: established DACH mid-market companies with €50–300m revenue and €50–250m enterprise value, in megatrend-supported markets with digital-transformation potential and a positive environmental and social impact; mainly majority stakes, qualified minorities in exceptions.

PORTFOLIO (24)

GBA GroupNOTABLE
HealthTech
SCIO AutomationNOTABLE
Industrial & Manufacturing
salestech group
Software & SaaS
UNITED THERAPY
HealthTech
Newcare
HealthTech
GIG Gesellschaft für integrierte Gesundheitsversorgung
HealthTech
Ipsen
Industrial & Manufacturing
Kinetics
Industrial & Manufacturing · Exited
Aspire Education
Education · Exited
Alicona
Industrial & Manufacturing · Exited
M+R Automation
Industrial & Manufacturing · Exited
Krankenhausgruppe
HealthTech · Exited
Dorea Familie
HealthTech · Exited
AHT
Industrial & Manufacturing · Exited
LEWA Pumps & Systems
Industrial & Manufacturing · Exited
Lapp Insulators
Industrial & Manufacturing · Exited
Punker
Industrial & Manufacturing · Exited
Coventya
Industrial & Manufacturing · Exited
Essmann
Industrial & Manufacturing · Exited
Francotyp-Postalia
Industrial & Manufacturing · Exited
Saia-Burgess Controls
Industrial & Manufacturing · Exited
Uster
Industrial & Manufacturing · Exited
ZTK Zahngesundheit
HealthTech · Exited
Hedrich Group
Industrial & Manufacturing · Exited

People

Philipp Jacobi
Managing Partner · source
Jörg Mugrauer
Managing Partner · source
Dr. Philip Matlachowsky
Partner · source
Thomas Render
Partner · source
Sven Hoffmann
Director · source
Deniz Varan
Senior Investment Manager · source
Philipp Rosenbach
Investment Manager · source
Dr. Violetta Sulzbach
Sustainability & Operations Manager · source
Jasper von Richthofen
Chief Operating Officer · source
Dr. Marina Martini
Chairwoman Healthcare Board · source
Norbert Müller
Chairman Senior Executive Board · source
Prof. Dr. Herwig Buchholz
Chairman Impact Advisory Board · source
Prof. Dr. Thomas Bauernhansl
Chairman Digital Board · source
Reinhard Schings
Healthcare Board · source
Jan Weidner
Senior Advisor · source
Alice Drooghmans
Impact Advisory Board · source
Joanna Radeke
Impact Advisory Board · source
Prof. Dr. Torsten Kröger
Digital Board · source

Frequently asked questions

Quadriga Capital is a private equity fund based in Frankfurt am Main, Germany.

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

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

Quadriga Capital's stated ticket size is €20M–€120M.

Key people at Quadriga Capital include Philipp Jacobi (Managing Partner), Jörg Mugrauer (Managing Partner), Dr. Philip Matlachowsky (Partner) and Thomas Render (Partner).

Quadriga Capital's investments include GBA Group, SCIO Automation, salestech group, UNITED THERAPY, Newcare, GIG Gesellschaft für integrierte Gesundheitsversorgung, Ipsen and Kinetics, among others.

The most recent publicly reported investment by Quadriga Capital is Johner Institut (add-on to GBA Group) (Add-on acquisition), announced in Mar 2026.

Yes. Quadriga Capital manages capital from outside investors.