Firm at a glance
Capvis is a platform private equity firm founded in 1990 and headquartered in Baar, Switzerland, per its own website [S1].
What they buy
Capvis has deployed approximately EUR 3.9 billion in total invested capital across 63 transactions since its founding [S2]. The firm’s publicly disclosed portfolio reflects concentration in industrial technology, advanced services and software, and healthcare businesses [S3]. Observed investments span manufacturing components (SCHURTER, Felss Group), dental equipment (Amann Girrbach), senior living facilities (Tertianum), and business services (AdEx Partners, Kaffee Partner) [S3].
Portfolio
Industrial Technology
* **SCHURTER** (platform, 2023) [S3]
* **Ammega** (platform, 2018) [S3]
* **Felss Group** (platform, 2017) [S3]
* **tmax** (platform, 2017) [S3]
Advanced Services & Software
* **AdEx Partners** (platform, 2022) [S3]
* **Gotha Cosmetics** (platform, 2016) [S3]
* **Kaffee Partner** (platform, 2010) [S3]
Healthcare
* **Tertianum** (platform, 2020) [S3]
* **Amann Girrbach** (platform, 2018) [S3]
Other Focus Areas
* **arena** (platform, 2014) [S3]
* **hessnatur** (platform, 2012) [S3]
Recent activity (last 24 months)
* **May 2026**: SCHURTER acquired Biaodi (add-on) [S4]
* **December 2025**: Senevita and Tertianum acquisition [S4]
* **December 2025**: Exit of Hennecke Group [S4]
* **September 2025**: AdEx Partners acquired BMC Strategy Consultants (add-on) [S4]
* **July 2025**: Kaffee Partner refinancing [S4]
* **June 2025**: AdEx Partners acquired Mindfuel’s Studio Business (add-on) [S4]
* **February 2025**: Variosystems acquired Heicks (add-on) [S4]
* **July 2024**: Exit of BSI Software [S4]
* **May 2024**: BSI acquired riskine (add-on) [S4]
* **January 2024**: Xovis acquired HELLA’s People Sensing business (add-on) [S4]
How this firm fits a seller
Capvis demonstrates an active buy-and-build approach, with three add-on acquisitions reported in the trailing twelve months as of the data fetch [S4]. The firm’s portfolio history shows extended hold periods, with several platforms held for eight or more years (Kaffee Partner since 2010, hessnatur since 2012, arena since 2014) [S3]. For owner-operators in industrial manufacturing, healthcare services, or specialized business services sectors, Capvis represents a potential acquirer with demonstrated appetite for platform investments in German-speaking Europe. The firm’s recent exit activity (BSI Software in July 2024, Hennecke Group in December 2025) suggests ongoing portfolio rotation [S4].
Sources
[S1] https://www.capvis.com (as of 2025-01-15)
[S2] https://www.capvis.com/en/about-capvis/index.html (as of 2025-01-15)
[S3] https://www.capvis.com/en/investments.html (as of 2025-01-15)
[S4] https://www.capvis.com/en/news.html (as of 2025-01-15)
Frequently asked questions
Does Capvis buy Industrial Technology businesses?
Yes, industrial technology represents a significant portion of Capvis’s publicly disclosed portfolio. The firm holds platform investments in SCHURTER (acquired 2023), Ammega (2018), Felss Group (2017), and tmax (2017), per its website [S3]. Recent add-on activity includes SCHURTER’s acquisition of Biaodi in May 2026 [S4].
What companies has Capvis acquired recently?
Capvis’s most recent platform acquisition was SCHURTER in 2023 [S3]. The firm has been active with add-on transactions, including SCHURTER’s acquisition of Biaodi in May 2026, AdEx Partners’ acquisition of BMC Strategy Consultants in September 2025, and the Senevita and Tertianum transaction in December 2025 [S4].
Where is Capvis based and how big is the firm?
Capvis is based in Baar, Switzerland [S1]. The firm reports approximately EUR 3.9 billion in total invested capital deployed across 63 transactions since its 1990 founding [S2].
Is Capvis still actively acquiring?
Yes, Capvis appears to be actively acquiring based on recent transaction history. The firm completed multiple add-on acquisitions in 2025 and 2026, including transactions in May 2026, September 2025, July 2025, June 2025, and February 2025 [S4].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.