# Indus Holding

Indus Holding is an Asset Manager based in Bergisch Gladbach, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Bergisch Gladbach, Germany
- **Region:** Europe
- **Address:** Bergisch Gladbach, Germany
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** indus.de
- **LinkedIn:** https://www.linkedin.com/company/indus-holding-ag

## About

Indus Holding is an SEC-registered investment adviser in NEW YORK, NY, registered since 2006. The firm manages $5.1 billion in assets, $5.0 billion on a discretionary basis. It has 59 employees and 28 investment advisers.

## Sectors

- Industrial Tech
- Infrastructure
- Automation
- Private Equity

## People

- Dr. Johannes Schmidt — Chairman of the Board of Management
- Dr. Winfried Kill — Founder

## Questions

### Who runs investment decisions at Indus Holding?

The Board of Management, chaired by Dr. Johannes Schmidt, leads acquisition decisions and strategic capital allocation. Portfolio company managing directors retain full operational responsibility. Major investment committee decisions involve board-level review, while bolt-on acquisitions are often led by the portfolio companies with central oversight.

### Is Indus Holding structured as a private equity fund or a permanent holding company?

Indus is a publicly listed holding company, not a closed-end fund. It invests with permanent capital, meaning it is not compelled to sell portfolio companies on a fixed timeline. Its largest shareholders — Versicherungskammer Bayern at 15% and a group of anchor investors — provide patient capital aligned with indefinite holding periods. This structure distinguishes it from most private equity sponsors in the German mid-market.

### Which sectors does Indus Holding specifically target?

Indus focuses on niche industrial technology: automation and measurement systems, construction and infrastructure engineering, medical technology, and specialized metalworking. It explicitly avoids commodity manufacturing, consumer goods, and pure services businesses. The firm seeks companies with strong market positions in fragmented, technology-driven subsectors where it can provide growth capital and strategic support.

### Does Indus Holding use leverage to finance acquisitions?

Indus maintains a conservative capital structure compared to leveraged buyout firms. As a listed entity with long-duration institutional shareholders, it finances acquisitions through a combination of equity, internally generated cash flow, and moderate external debt. The firm reports its leverage ratios in quarterly financial disclosures and has historically prioritized balance-sheet stability over aggressive leverage-driven returns.

### How does Indus Holding source acquisition targets?

Indus sources targets through a combination of proprietary networks in the Mittelstand community, industry association relationships including VDMA membership, and direct outreach to owner-operators planning succession. The firm's reputation as a permanent holder rather than a financial flipper appeals to founders seeking a long-term steward for their businesses. Portfolio company managing directors also surface bolt-on acquisition opportunities within their respective sectors.

## Related profiles

- [LHV Asset Management](https://altss.com/profile/lhv-asset-management)
- [Paribus Capital](https://altss.com/profile/paribus-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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