Bring your vision to life.

Capital with vision

capiton enables small and medium-sized businesses in the DACH region to achieve ambitious goals. Not only do they receive capital from us, they also benefit from our expertise and personal support. We listen carefully, make quick decisions and are accessible, because we know that nothing generates confidence like your own vision in your own hands.




capiton together with the management acquires a majority stake in ISPIN AG

The company

ISPIN is a leading Swiss cyber security service provider headquartered in Zurich. With its three business units Consulting, Solutions and Managed Services, ISPIN offers its customers the full range of services in connection with cyber security from initial advisory and consulting, through implementation of required infrastructure to the outsourcing and ongoing monitoring of the systems in place – a one stop provider of Cyber Security Services. ISPIN is the first acquisition within the framework of capiton’s planned Buy & Build platform for the cyber security market in the DACH region.

The transaction

ISPIN is a proprietary transaction which was identified through capiton’s targeted sector approach in the area of “cyber security” and realized through an exclusive sales process.


ISPIN has delivered strong growth in the past years and is ready for the next development phase. The cyber security market in Europe is very fragmented and currently in a consolidation phase. Considering the ongoing digitalization, the increasing importance of Internet of Things and Big Data as well as other data-driven technologies, the market potential in the cyber space is huge. In the context of these developments, capiton and ISPIN see a great potential for further growth by creating extra capacities and complementary competences in a dedicated Group.


Alongside capiton and the founders of ISPIN, Marco Marchesi and Stefan Näpflin, the whole management team of ISPIN is now also invested in the new Group. Tom Koehler, an internationally established security expert with vast experience in the strategic and portfolio development in the cyber security industry, is also joining the executive board.


Facts & Figures


capiton’s predecessor company was founded in the mid-1980s. capiton AG was established in 1999. The firm became an independent company in 2004, following a Management-Buy-Out.


capiton is managed by 9 partners and is an owner-managed financial investor.

Track record

The capiton team has supported more than 80 companies, and over 70 investments have been realised. At present, the company manages a fund volume of €1.1 billion.

Investment range

capiton invests in small and medium-sized companies in German-speaking countries. We usually invest between €20 and €60 million of our own funds in profitable companies with turnover between €50 and €300 million. We are also able to execute much larger transactions together with co-investors.

What our portfolio companies say

capiton is familiar with the needs of SMEs, understands them, and acts accordingly.

Josef Raith, Founder

Companies in our portfolio