Novum Capital Management
Frankfurt mid-market private-equity boutique founded in 2006 by Udo von Klot-Heydenfeldt and Felix Hoelzer, focused on succession deals, carve-outs and special situations in the DACH Mittelstand.
Key facts
Recent exits
Coverage notes
3 funds tracked, 10 portfolio companies (3 active · 7 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
10 companiesFunds & portfolio
Every fund Novum Capital Management has raised, with its portfolio companies. Hand-checked from public filings.
Novum Capital Special Opportunities Fund IIBuyout2021 · 5yr€150M2 active · 1 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| MedTech |  Germany | 2024 | |
| E-commerce |  United Kingdom | 2021 |
Germany· Entry 2024United Kingdom· Entry 2021Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| E-commerce | United Kingdom | 2021 | 2024 | Secondary | – |
Novum Capital Special Opportunities Fund IBuyoutHarvesting2017 · 9yr€75M1 active · 3 realized
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Industrials | Germany | 2017 | 2021 | Trade Sale | – | ||
| Healthcare | Germany | 2018 | 2019 | – | – | – | |
| Consumer | Germany | 2018 | 2021 | Trade Sale | – |
Germany· Entry 2018Novum CapitalBuyoutRealized2010 · 16yr0 active · 3 realized
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Industrials | Germany | 2012 | 2014 | Secondary | – | ||
| Industrials | Germany | 2010 | 2012 | – | – | – | |
| Construction | Germany | 2015 | 2020 | Trade Sale | – |
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About Novum Capital Management
Novum Capital Management is a German Mittelstand-focused private equity firm with €300 million of assets under management as of December 2024, headquartered in Frankfurt. The firm was founded in 2006 as a partner-owned mid-cap PE boutique spun out from the Wagram Equity Partners lineage, with capital sourced from German and international pension funds, private pension schemes and endowments.
Investment thesis
Novum Capital deploys capital through three flagship funds (Novum Fund I 2017 €75 million realised, Novum Fund II 2021 €150 million investing, Novum Media Fund 2022 €75 million investing), targeting buyout and structured equity / debt transactions for German Mittelstand succession and special situations with EBITDA from €5 million and revenue up to €200 million. Sector focus spans industrials, business services, consumer products, food and beverage, healthcare and media and publishing. Geographic deployment is Germany core with selective UK and broader DACH exposure. The operationally hands-on Mittelstand succession specialism combines equity and structured debt in a single ticket.
Recent activity
Recent realised exits include healthcare and dental services (2024) and classifieds and online marketplace (2024). Recent acquisitions include healthcare and optical (Hecht Contactlinsen, August 2024) and automotive and digital (Cazoo bolt-on to MOTORS, June 2024). The platform continues active deployment of Fund II and the Media Fund. 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.
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Germany·€426MGet the full picture on Novum Capital Management.
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