Our Story

From AdAstra to Blackster

The Blackster

Blackster is an independent investment firm and successor to the AdAstra Erste Beteiligungs GmbH. It combines years of experience in the investment business with innovative approaches to high-growth companies.

AdAstra

Investment Philosophy

Equity capital for technology-oriented, high-growth companies

Structure

Fund structure, spinoff from Hypovereinsbank

20

years of growth
- founded in 2000

100M

EUR committed capital

Exits —

Acquired by:
SDL plc

Frankfurt Stock Exchange:
ASKN

Acquired by:
Sage Group

Acquired by:
X-Ange

Acquired by:
Compuware

Acquired by:
Novell

Blackster
Management

Investment Philosophy

Private equity capital for companies in special situations (insolvency procedures / restructuring, and succession planning)

Structure

Club deals, BaFin registered BaFin logo

2020

foundation year, Munich-based

Munich aerial photo
Management structure

Our Method

01

Restructuring Phase

Stabilisation of the business operations

02

Optimization

Restructuring and profitability optimisation

03

Strategy

Realignment and strategic organization

04

Finance

Optimisation of the capital structure

05

Innovation

Innovations that follow the defined strategy

06

Growth

Strategic continuation of the company

Investments for the future