# PINOVA Capital

PINOVA Capital is a Private Equity based in Munich, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** pinovacapital.com
- **LinkedIn:** https://www.linkedin.com/company/pinova-capital-gmbh

## Regulatory record

- **Reports private funds:** No

## About

PINOVA Capital is a private equity financing firm based in Munich, Germany. Founded in 2007, it invests in mature companies in western Europe. The firm has made 19 investments and recorded 9 portfolio exits.

## Sectors

- Industrial Tech
- Enterprise Software
- Automation
- Cybersecurity
- Robotics & Automation

## People

- Günther Tappeiner — Sector Advisor

## Questions

### How does PINOVA Capital source proprietary deal flow?

The firm's industrial concentration acts as its primary sourcing filter. By limiting its scope to Industrial Tech companies in German-speaking Europe, PINOVA competes in a fragmented, often below-radar market segment that larger generalist funds overlook. The firm publicly highlights deep relationships with founder-entrepreneurs, citing its Sector Advisor network — including active owners like Günther Tappeiner of Deurowood — as a channel for identifying off-market opportunities.

### Which sectors does PINOVA Capital explicitly avoid?

PINOVA's published investment criteria and portfolio exclude consumer goods, retail, financial services, and pure-play software outside industrial applications. The firm invests exclusively in Industrial Tech, which its website defines through attributes such as 'system-relevant' products deeply integrated into customer value chains. Any company outside this vertical falls outside the mandate.

## Related profiles

- [Pinorena Capital](https://altss.com/profile/pinorena-capital)
- [Pinta Capital Partners](https://altss.com/profile/pinta-capital-partners)

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

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