capiton Quantum – Continuation Fund

Successful Closing of Continuation Fund “capiton Quantum” for two leading German high-tech companies

We are pleased to announce the closing of the €248m continuation fund “capiton Quantum”. capiton Quantum invested in Raith and AEMtec, two leading companies within the industrial technology space, originally acquired by capiton Fund V in 2016 and 2018, respectively. The continuation fund will provide Raith and AEMtec with additional capital to accelerate their organic and inorganic growth trajectories, allowing for the capiton team’s continued investment into both companies to fuel their next phase of growth.

We are delighted to have attracted a high-profile group of blue-chip secondary investors led by Eurazeo and Unigestion, alongside existing and new capiton LPs, underlining the strong conviction for resilient German mid-market businesses even in times of significant market volatility.

Under capiton’s ownership, Raith and AEMtec have focussed on capacity expansion, internationalization and the enhancement of their technological offerings. Together with the two management teams, we will continue to execute on a combination of organic initiatives and transformational add-on acquisitions. Both management teams will remain significantly invested.

Christoph Karbenk, Managing Partner at capiton commented: “On behalf of the entire capiton team, I would like to thank the investor group who supported us in this transaction, as well as the management teams who have done a tremendous job to date. We are thrilled to continue this successful partnership by bringing both companies to the next level. The transaction generates strong returns for our existing capiton V LPs, to whom full optionality to either generate liquidity or to participate in the next chapter of both companies was offered.”

Dr. Ralf Jede, CEO at Raith said: “We are very proud to have grown Raith to be the global market leader for nanofabrication equipment. Many thanks to the strong commitment of all Raith’s employees and the trustful partnership with capiton. We are very much looking forward to realizing further highly attractive growth opportunities together with capiton Quantum.”

Jan Trommershausen, CEO at AEMtec said: “We are excited for the next chapter of our partnership with capiton, with all AEMtec team members continuing to be highly committed to the company. We are thrilled to be able to execute on international buy and build opportunities to further strengthen our position as the leading full-service provider of cutting-edge micro and optoelectronic systems.”

We would like to thank UBS Private Funds Group, a fully integrated part of UBS Investment Bank in their role as exclusive secondary advisor, Stephenson Harwood, POELLATH, BMH Bräutigam and Ashurst in their role as legal advisors as well as EY (tax & structuring), Houlihan Lokey (debt advisory), Deloitte (legal & financial due diligence), Roland Berger (commercial due diligence) and Kroll (fairness opinion) for their support in the capiton Quantum transaction. The lead investors were advised by Hogan Lovells. The transaction was notarized by CMS Hasche Sigle.


capiton portfolio company Dec Group is proud to announce the acquisition of the activities of Hainspitz-based BAUSCH Germany, a specialist for the design, manufacture, and supply of high-quality pharmaceutical aseptic fill-finish packaging solutions. With almost 25 years of experience, BAUSCH Germany has built a reputation as an innovative and reliable partner for pharmaceutical companies around […]

As of 29 February 2024, capiton portfolio company Betonbau presents itself under the new company name GRITEC. This is a significant step, underlining the company’s development to date, its current positioning, and its long-term strategic direction. Derived from „Grid“ and „Technology“, the name reinforces the clear positioning as a full-service provider of system-relevant grid infrastructure […]

Raith, the leading manufacturer of precision technology for nanofabrication Instrumentation and part of capiton’s just recently, in January 2023 closed continuation vehicle Quantum, is pleased to announce the successful acquisition of NBF GmbH & Co. KG, a renowned supplier of precision technology, mechanical engineering, and system technology. The acquisition marks an important milestone in Raith’s […]

AlphaPet Ventures has further expanded its international brand platform with the acquisition of the Herrmann’s Manufaktur brand from Herrmann GmbH. Herrmann’s Manufaktur was launched as a leading organic premium pet food brand in Germany more than 17 years ago and enjoys great popularity among its loyal customers. The production of the Herrmann’s Manufaktur brand as […]

capiton AG appoints Christoph Karbenk to the Management Board capiton AG is pleased to announce the appointment of Christoph Karbenk to the position of Managing Partner and Member of the Management Board, joining Frank-Markus Winkler and Manuel Hertweck. Christoph joined the firm in 2001 from Roland Berger Management Consultants, where he gained considerable operational expertise in […]

HR Group sells retail stores, repositions business to focus on successful system solutions business and logistics division As a result of realigning its strategic focus, HR Group is pleased to announce the sale of its RENO store network in Germany, Austria and Switzerland, as well as the RENO online business – to retail specialist cm.sports […]

capiton portfolio company Dec Group is proud to announce the acquisition of UK-Stoke-on-Trent based AWL, a specialist for the design, manufacturing and supply of continuous processing technologies and systems. Over the past decade, AWL has been at the forefront of continuous processing in the chemical, food and pharmaceutical industries by offering solutions from laboratory evaluation […]

capiton portfolio company Wundex is pleased to announce the acquisition of ELLIPSA, a wound care specialist with headquarters in Regensburg (Bavaria) and a second center of operations in Munich. In addition to the provision of wound care services and the wholesale supply of medical products, ELLIPSA has developed a proprietary digital education and training platform […]

capiton portfolio company Cedes is proud to announce the acquisition of the Vitector portfolio from Fraba, securing a leading position in the industrial door sensor market. As a global leader in elevator sensors, Cedes successfully applied its technology expertise and power of innovation to gain a foothold in the industrial door market, providing ultra-reliable safeguarding […]

Asyril SA, headquartered in Villaz-St-Pierre in Switzerland with subsidiaries in the US and Japan, is a market and technology leader in the flexible part feeder market. Its products are being used globally in assembly lines, facilitating process automation for a variety of industries.   Asyril’s product portfolio covers flexible feeding systems based on a patented […]

AlphaPet Ventures has started to implement its international expansion strategy with the acquisition of Arden Grange, a leading UK brand in the premium dog food segment. Family-run Arden Grange pioneered the category of species-appropriate dog food in the UK more than 25 years ago. Customers appreciate especially the high quality of the products, which aim […]

We are delighted to announce the successful acquisition of Stuga Machinery by our portfolio company Stürtz Group.   Stuga Machinery Limited, a market leading manufacturer of PVC sawing and machining centres to the UK and Ireland windows and doors industry, has been acquired by Stürtz Group. All of Stuga’s Directors and staff are continuing with […]