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Fidelium

Fidelium

Munich, Germany·Founded 2017··fidelium-partners.com

Fidelium is a Munich-based private equity firm founded in 2017 by Dominik Beck and Rafal Grabarkiewicz that takes majority stakes in corporate carve-outs, succession cases and other special situations among European industrial companies. Backed by German entrepreneurial families, it provides long-term capital and hands-on operational value creation, and manages two closed-end funds with EUR 253 million of total assets under management.

AUM
€253M
Funds
2
vintages 2017–2020
Portfolio
6
Exits
6

Key facts

HQMunich, Germany
Founded2017

Recent exits

ALUNITED Denmark A/S
ALUNITED Denmark A/S
Industrials2025 · 4yr hold
ALUNITED France SAS
ALUNITED France SAS
Industrials2025 · 4yr hold
EITEK GmbH
EITEK GmbH
Industrials2025 · 2yr hold
R.E.T. GmbH
Industrials2025 · 4yr hold

Coverage notes

2 funds tracked, 12 portfolio companies (6 active · 6 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Fidelium has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
Fidelium Fund IIBuyoutHarvesting
2020 · 6yr€150M4 active · 4 realized

Unrealized

4 held
IndustrialsGermany· Entry 2021
IndustrialsGermany· Entry 2024
IndustrialsGermany· Entry 2026
IndustrialsGermany· Entry 2020

Realized

4 exits
IndustrialsDenmark· Entry 2021
Trade Saleto
ALUNITED France SAS
ALUNITED France SASExited 2025
IndustrialsFrance· Entry 2021
Trade Saleto
EITEK GmbH
EITEK GmbHExited 2025
IndustrialsAustria· Entry 2023
Trade Saleto
R.E.T. GmbHExited 2025
IndustrialsGermany· Entry 2021
MBOto
Fidelium Fund IBuyoutHarvesting
2017 · 9yr€103M2 active · 2 realized

Unrealized

2 held
IndustrialsGermany· Entry 2019
IndustrialsGermany· Entry 2020

Realized

2 exits
OKS Otto Knauf GmbH
OKS Otto Knauf GmbHExited 2023
IndustrialsGermany· Entry 2017
Trade Saleto
Wolfensberger AG
Wolfensberger AGExited 2021
IndustrialsSwitzerland· Entry 2018
Trade Saleto
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About Fidelium

Fidelium Partners, operating as Fidelium GmbH, is a Munich-based private equity firm founded in 2017, registered with BaFin as an external capital management company under the German Capital Investment Code. It manages two equity funds with combined assets under management of €253 million as of December 2024, backed by German entrepreneurial families with significant team co-investment. Fund II holds €150 million of long-term capital available for new acquisitions, follow-ons and add-ons. The group is entirely Germany-based. The structure is an independent BaFin-registered manager running two closed-end special-situations funds.

Investment thesis

Fidelium is a control-oriented special-situations and operational private equity investor. It targets European companies in transition, including corporate carve-outs, operationally challenged but fundamentally viable businesses, succession situations and management buy-outs and buy-ins, typically taking majority ownership. Sector exposure skews toward industrials, automotive components and manufacturing. The limited partner base is German business families providing patient long-term capital, which lets Fidelium avoid loading portfolio companies with acquisition debt. Value creation is operational and hands-on: separating carve-outs into standalone businesses, restructuring operations, optimising sales and financing, and pursuing buy-and-build, rather than relying on financial leverage or multiple arbitrage.

Recent activity

Recent and current portfolio investments span automotive and industrial carve-outs and succession deals, including Vossloh-Schwabe, a lighting-components carve-out in industrials (2020), ALUNITED in automotive aluminium parts, J.W. Ostendorf in paints and coatings, Muhlhoff Umformtechnik in automotive formed components, and Wolfensberger in industrial cast products. The platform continues to deploy across European special-situations, carve-out and succession transactions in industrials, automotive components and manufacturing. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Rafal Grabarkiewicz
Co-Founder & Managing Partner

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Last updated March 2026 · Sourced from public filings · Report an issue