Sell-side Advisor
Threema
M&A Advisory
A Portfolio Company Of
Has Entered Into An Agreement To Be Sold To
Transaction Details
On January 12, 2026, Afinum announced that its portfolio company Threema Holding AG (“Threema”) has entered into an agreement to be sold to Comitis Capital (“Comitis”).
Under Afinum’s ownership, Threema achieved strong operational and commercial development. The company tripled its annual recurring revenue and significantly strengthened its position as a trusted partner for public institutions and enterprises. Threema expanded its go-to-market capabilities through the establishment of dedicated key account coverage, selective country sales teams and a reseller-based distribution approach, particularly addressing B2B and B2G customers. In parallel, the company successfully transitioned from a founder-led organization to a management-led structure, laying the foundation for scalable growth.
The management team will remain with the company and continue to lead Threema alongside Comitis in its next phase of development. The transaction is expected to close end of January 2026.
About the company
Threema
Threema is a leading provider of highly secure digital communication solutions for enterprises and public institutions with the highest requirements for data protection, security and regulatory compliance. Among others, Threema is used today by more than 15 governments globally and by a broad base of enterprises operating in security-sensitive environments. The platform addresses the increasing demand for data sovereignty, cybersecurity and compliant digital communication through enterprise-grade functionality, robust end-to-end encryption and comprehensive control features.
Afinum
Since its founding in 2000, Afinum has been one of the leading private equity firms for medium-sized companies in the German-speaking region. With offices in Munich, Frankfurt and Zurich, Afinum combines deep market knowledge in the DACH region with an international investor perspective. Afinum specialises in succession and growth investments within four technology-driven future verticals.
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Source: Company Materials.
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