What investment strategy does Fidelium focus on?

Fidelium focuses on Buyout strategies in the private equity space.

How many portfolio companies does Fidelium have?

Fidelium has 6 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.

Where is Fidelium headquartered?

Fidelium is headquartered in Munich, Germany.

What is Fidelium's assets under management?

Fidelium manages approximately €253M in assets under management.

What sectors does Fidelium invest in?

Fidelium invests across Industrials.

What are Fidelium's recent exits?

Recent realized exits by Fidelium include: ALUNITED Denmark A/S (2025) to APALT; ALUNITED France SAS (2025) to Jiangsu Asia-Pacific Light Alloy Technology; EITEK GmbH (2025) to Neptune Industries; R.E.T. GmbH (2025) to Management (R.E.T. Beteiligungs-GmbH); OKS Otto Knauf GmbH (2023) to Schafer Werke; Wolfensberger AG (2021) to Masuhr.

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Fidelium

Munich, Germany·Founded 2017·

Buyout

·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

vintages 2017–2020

Portfolio

Exits

Fidelium is a Munich buyout firm with €253M AUM, 6 active companies and 6 exits.

SectorsIndustrials

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 6 realized deals: 4 years.
·Top sector focus: Industrials (58% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2020.

Sector breakdown

12 companies

Industrials

7 · 58%

Mobility

5 · 42%

Geography breakdown

5 geographies

Germany

8 · 67%

Denmark

1 · 8%

France

1 · 8%

Austria

1 · 8%

Switzerland

1 · 8%

Key facts

HQMunich, Germany

Founded2017

Websitefidelium-partners.com

Recent exits

Fidelium sold ALUNITED Denmark A/S to APALT in 2025 after 4 years.

Fidelium sold ALUNITED France SAS to Jiangsu Asia-Pacific Light Alloy Technology in 2025 after 4 years.

Fidelium sold EITEK GmbH to Neptune Industries in 2025 after 2 years.

Fidelium sold R.E.T. GmbH to Management (R.E.T. Beteiligungs-GmbH) in 2025 after 4 years.

Partners

Rafal GrabarkiewiczCo-Founder & Managing Partner

Coverage notes

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

Investment team

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

Rafal Grabarkiewicz

Co-Founder & Managing Partner

Funds & portfolio

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

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Fidelium Fund IIHarvesting

Buyout2020€150M4 assets4 exits

Buyout

2020 · 6yr

€150M

Unrealized

4 held

Company	Entry
Evamo Pump Technology Solutions Mobility · Germany	2021
J.W. Ostendorf Industrials · Germany	2024
Niederrheinische Metallwerke GmbH & Co. KG Industrials · Germany	2026
SRL Materials Industrials · Germany	2020

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
ALUNITED Denmark A/S Mobility · Denmark	2021	2025	Trade Sale	APALT	–
ALUNITED France SAS Mobility · France	2021	2025	Trade Sale	Jiangsu Asia-Pacific Light Alloy Technology	–
EITEK GmbH Mobility · Austria	2023	2025	Trade Sale	Neptune Industries	–
R.E.T. GmbH Industrials · Germany	2021	2025	MBO	Management (R.E.T. Beteiligungs-GmbH)	–

Fidelium Fund IHarvesting

Buyout2017€103M2 assets2 exits

Buyout

2017 · 9yr

€103M

Unrealized

2 held

Company	Entry
Muhlhoff Umformtechnik GmbH Mobility · Germany	2019
Vossloh-Schwabe GmbH Industrials · Germany	2020

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
OKS Otto Knauf GmbH Industrials · Germany	2017	2023	Trade Sale	Schafer Werke	–
Wolfensberger AG Industrials · Switzerland	2018	2021	Trade Sale	Masuhr	–

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.

Frequently asked questions

What investment strategy does Fidelium focus on?: Fidelium focuses on Buyout strategies in the private equity space.
How many portfolio companies does Fidelium have?: Fidelium has 6 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.
Where is Fidelium headquartered?: Fidelium is headquartered in Munich, Germany.
What is Fidelium's assets under management?: Fidelium manages approximately €253M in assets under management.
When was Fidelium founded?: Fidelium was founded in 2017.
What sectors does Fidelium invest in?: Fidelium invests across Industrials.
What are Fidelium's recent exits?: Recent realized exits by Fidelium include: ALUNITED Denmark A/S (2025) to APALT; ALUNITED France SAS (2025) to Jiangsu Asia-Pacific Light Alloy Technology; EITEK GmbH (2025) to Neptune Industries; R.E.T. GmbH (2025) to Management (R.E.T. Beteiligungs-GmbH); OKS Otto Knauf GmbH (2023) to Schafer Werke; Wolfensberger AG (2021) to Masuhr.