Back to News

Gilde Buy Out Partners to divest COMCAVE to Amadeus FiRe


Zurich/Frankfurt am Main – Amadeus FiRe AG (“Amadeus FiRe”) announced today that it has reached an agreement to acquire COMCAVE Holding GmbH (“COMCAVE”), a leading tech-enabled workforce solutions provider with focus on life-long learning, from funds advised by Gilde Buy Out Partners (“Gilde”). The transaction has been completed.

Headquartered in Dortmund, Germany, COMCAVE is a leading provider of advanced vocational and occupational re-trainings for adults in Germany. The company focuses on courses with labor market relevant content created together with its leading blue-chip partners. COMCAVE’s proprietary learning ecosystem GECS delivers bespoke course offerings combined with seamless execution. Leading re-integration rates of participants evidence the efficacy of the tech-enabled learning model.

Under Gilde’s stewardship, COMCAVE has developed from a regional, founder-led education provider to a nationwide tech-driven leader in continuing education in Germany led by its experienced management team. With the support of Gilde, COMCAVE substantially expanded its location footprint in Germany, thereby ensuring nationwide coverage. Further, during Gilde’s ownership period, COMCAVE further institutionalized its processes and organizational set-up. Backed by its strong track record, management will continue on its path of consistent value creation and will continue to steer the company, ensuring continuity.

Thomas Surwald, CEO of COMCAVE:

“We are proud of the successful years of partnership with Gilde and the founder of COMCAVE during which we were successfully able to further scale the business model by launching more than 40 new locations across Germany. During the last years, we have transformed the company into a leading tech-enabled workforce solutions provider in Germany recognized for its leading re-integration rates. Today COMCAVE is ideally positioned to benefit from megatrends such as the shortage of qualified personnel and an increasing demand for life-long learning. Under the new ownership with Amadeus FiRe, we will continue to pursue our strategy and enter a new phase of growth and success.”

Matthias Wilcken, Partner at Gilde, adds:

“The development of COMCAVE over the last years has been impressive. Megatrends have been supporting its strong growth, and management has been able to deliver very strong results. COMCAVE is better positioned than ever to continue its growth strategy in the years to come and under the wing of the new owner. We wish COMCAVE, its management and employees as well as the new shareholder Amadeus FiRe all the best for the future.”

Contact information:

Gilde Buy Out Partners
Maikel Wieland
Head of Investor Relations & Co-Investments
Tel: +41 43 268 20 78

About Gilde Buy Out Partners
Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions with operations in the DACH region and the Benelux. Gilde manages funds in excess of EUR 3 billion and has offices in Utrecht, Brussels, Frankfurt and Zurich. Since its inception in 1982, Gilde has invested in over 250 companies across a range of sectors. Gilde controls majority shareholdings in companies such as albelli, Amor, Caseking, Esdec, Kinkelder, Royal Ten Cate, Veco and Vivera.
For more information, please visit