Single Family Office

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Artemis Group

Heiner Kamps' Munich family office, built from the €1.8B sale of Kamps AG bakery chain, invests across real estate and private equity.

Artemis Group

Artemis Group was established by Heiner Kamps after the landmark sale of Kamps AG. Kamps built the bakery chain from a single shop in 1982 into a publicly traded entity with over 2,800 outlets across Europe before the Barilla acquisition returned the business to private hands (per public record). The Munich family office invests the proceeds of that exit, with Kamps remaining involved as the controlling principal. Investment activity spans real estate, direct private equity stakes, and fund commitments. Real estate is the anchor: Artemis Group has acquired and developed a portfolio of commercial properties concentrated in German metropolitan areas including Munich, Berlin, and Düsseldorf. Private equity interests lean toward German Mittelstand companies in healthcare services and consumer sectors, often as minority co-investor alongside institutional partners. The group does not publicly disclose performance data or aggregate deployment figures. Kamps reacquired Kamps bakeries from Barilla in 2010, an unusual full-circle move that restored the operating company under the family office umbrella alongside the investment portfolio. The office maintains a lean structure in Munich with investment professionals managing direct holdings and external manager relationships. No fund vehicles open to outside capital are publicly known. Kamps operates a charitable foundation, the Heiner Kamps Stiftung, focused on education and youth development in Germany (per the foundation's public filings). The defining structural characteristic is the simultaneous ownership of a large operating business alongside a diversified investment portfolio under one roof. Most family offices of similar origin fully exit the founding enterprise; Artemis Group actively runs the original bakery chain while allocating the earlier exit proceeds to real estate and private investments — making it a hybrid operator-investor uncommon in German single-family offices.

General information

Firm type

Single Family Office

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Germany

City

Munich

Corporate office

Munich, Germany

Principals

Heiner Kamps

Founder

Sector focus

Real EstatePrivate EquityConsumer GoodsHealthcare ServicesTechnology

Frequently asked questions

Who runs investment decisions at Artemis Group?

Heiner Kamps is the founder and controlling principal. Day-to-day investment execution is handled by a small team of professionals based in the Munich office. The group has not publicly identified a separate CIO or CEO distinct from Kamps.

Where does the underlying wealth come from?

The wealth originated when Heiner Kamps sold Kamps AG — the publicly traded bakery chain he founded — to the Italian food group Barilla in 2002 for approximately €1.8 billion. Kamps later repurchased the bakery operations in 2010, adding an operating company to the family office structure.

Is Artemis Group structured as a single family office or does it manage outside capital?

Artemis Group is a single family office managing exclusively the capital of Heiner Kamps and his family. There is no evidence of outside investor vehicles or third-party fund management.

What sectors does Artemis Group target for investment?

Real estate forms the largest allocation, focused on German commercial properties in major cities. Private equity investments target German Mittelstand companies, particularly in healthcare services, consumer goods, and technology. The office also maintains the operating bakery business acquired back from Barilla.

Does Artemis Group participate in fund commitments or only direct deals?

The office engages in both direct investments and commitments to external funds. Direct activity is concentrated in real estate and select private equity co-investments, while fund commitments provide broader diversification across strategies not publicly detailed.

How is Artemis Group related to the Kamps bakery chain today?

Heiner Kamps reacquired the Kamps bakery operations from Barilla in 2010, bringing the founding enterprise back under family control. The bakery chain now operates as a portfolio company alongside the investment activities, creating a hybrid structure that is unusual among European family offices.

What is the geographic focus of Artemis Group investments?

The primary geographic focus is Germany, with real estate holdings concentrated in Munich, Berlin, and Düsseldorf. Private equity investments also center on German-domiciled companies in the Mittelstand segment, though some fund commitments may provide international exposure.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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