Aheim Capital, the German Mittelstand investor set up by former dealmakers from General Atlantic, Apax Partners and 3i Group, has sealed the last buyout from its debut fund, as it pushes to raise its second fund.

The Starnberg, Germany-based firm has bought W.AG Funktion + Design, a company that makes plastic boxes and containers for industrial customers, from its founder owner and sole shareholder as part of a long-term succession plan.