About Fidelium

Fidelium – a reliable partner.

Fidelium is an experienced partner for companies seeking a long-term operational investor. Whatever the challenge, our approach is always responsible, pragmatic, and dependable. We also benefit from short decision-making paths and a culture of open communication.

We specialize in majority holdings in:

Companies with potential for operational improvement

Our core business involves companies that are profitable but offer room for improvement through targeted operational measures. We aim to work with management to address the various challenges and help the organization to achieve a new and sustained level of competitiveness.

Carve-outs from larger groups or corporations

Fidelium has many years of experience with corporate carve-outs, helping business units to become successful independent companies. We have a wealth of insight into the challenges and complexities of this type of investment. Our proven strategy is to focus on non-core assets and provide them with both capital investment and active hands-on support.

Special situations

We invest in special situations, such as succession scenarios, management buy-outs/buy-ins, and turnarounds. Our goal in each case is to implement the long-term changes required to secure future viability. We also seek to act in a fair and proportionate manner toward all parties.

Operational Engagement

Operational engagement is the strongest form of commitment.

Fidelium is an operational investor. Unlike most financial investors, we look for companies that are currently facing significant operational challenges. Growth and stable cash flows are our goal, but rarely in place already. Our objective is to improve the business and secure its long-term growth.

To achieve this, we work closely with the management teams, providing active operational support. Rather than periodic monitoring or occasional appearances on an advisory board, we draw on our long experience to provide hands-on assistance with specific issues. We also act as a sounding board for new ideas on strategy and business development. We offer particular expertise in the areas of sales and financing, efficiency enhancement, and the implementation of buy-and-build strategies. Our role also often involves providing active support for the carve-out of business units and their subsequent transformation into independent SMEs.

Long-term capital

Long-term capital offers companies the best prospects.

Fidelium manages a major equity fund backed by a number of German business families. Long-term assets totaling EUR 103 million are available for acquisitions, follow-on investments, and add-ons. The Fidelium team members also invest significant amounts of their own money.

This enables us to finance transactions without bank borrowing. As a result, our portfolio companies are not loaded up with additional debt. This is particularly important in challenging situations, where speed, flexibility, and transaction reliability are vital.

The Fidelium Group is based entirely in Germany and registered with the German Federal Financial Supervisory Authority (BaFin) as an external capital management company in accordance with Section 44(1) of the Capital Investment Code (KAGB).

Team

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Alessandro Ahrabian

Investment Intern


Alessandro Ahrabian is an intern in the Investment Team at Fidelium since August 2023.

Before joining Fidelium, Alessandro already worked as an intern at a tech start-up and a leasing company in the field of business intelligence and risk management, respectively, and founded a start-up in the field of hygiene.

This allowed him to acquire first relevant skills in the field of research, data preparation and analysis for risk bearing calculation. He is also active in the TU Investment Club e.V. as an analyst in the Investing department.

Alessandro is in his third semester at the Technical University of Munich studying a Bachelor of Science in Management and Technology with a specialization in Computer Engineering.


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David Burresi

Senior Investment Manager


David Burresi joined Fidelium’s Investment Team in 2023 and has broad experience with investing in businesses in complex situations.

Before joining Fidelium, David worked for a family office where he made several investments in the German Mittelstand.

Prior to that he led a turnaround of a logistics business and completed numerous transactions for Private Equity investors during his time in investment banking.

David studied business administration in Germany, Italy and the UK.


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Dr. Daniel Ebert

Operating Partner


Dr. Daniel Ebert is an Operating Partner at Fidelium. He has over 15 years of experience in company turnarounds.

He has been involved in the reorganization and operational optimisation of companies since 2001.

More recently, he was Associate Operating Partner at the private equity company Aurelius for approximately 6 years, where he was responsible for numerous operational improvement and growth projects in executive and advisory roles for domestic and foreign investments. He started his career with Droege & Comp. He joined Fidelium Partners in 2018.

Daniel helds a phd and a master of business administration from Catholic University of Eichstaett/Ingolstadt.

 


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Stefan Endraß

Taskforce Director


Stefan Endraß joined Fidelium in 2023 and is Director in Fidelium‘s operations team in Munich.

He has more than 10 years of professional experience in restructuring business as well as in the field of investment banking and finance.

Stefan has also successfully accompanied several medium-sized companies as Chief Restructuring Officer.

The former professional and competitive athlete studied economics and holds an Executive MBA from the University of St. Gallen (HSG).

He is also a certified restructuring and insolvency advisor.


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Marina Falkhofen

Manager Recruiting & HR


Marina Falkhofen is Manager Recruiting & HR and has been part of the Fidelium team since 2021. She has more than 4 years of professional experience in the fields of HR, Sales and Marketing. 

Before joining Fidelium, Marina was a Senior Recruitment Consultant in a Recruitment consultancy and  supported clients from various industries with the staffing of experts and executives as well as the optimization of the recruiting process. 

Prior to that, Marina gained experience in the Private Banking and consumer goods environment. 

Marina studied Business in Hamburg, Rome and Hawaii and holds a Master from ISM.


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Florian Fischer

Investment Intern


Florian Fischer has been an intern in the Investment Team at Fidelium since July 2023.

Before joining Fidelium, Florian has already interned at a Big 4 house, a boutique investment bank as well as an M&A and strategy consultancy in Munich.  .

There he was able to gain first experiences in the M&A area. Florian holds a Bachelor of Science in International Business and Economics from the University of Augsburg.

He is currently completing his Master in Finance & Accounting at WU in Vienna.


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Christian Furtmüller

Operating Partner


Dr. Christian Furtmüller is Operating Partner at Fidelium and has been part of the Fidelium team since 2022.

Previously, he was Transformation Officer at a portfolio company of private equity investor Advent International, as well as for a publicly listed company in turnaround. 

He started his career more than 20 years ago as an engineer, followed by several years in management consulting for the Boston Consulting Group. He then took on a variety of leadership roles in the corporate environment with a focus on business unit management and corporate development. His passion is change management.

Christian holds a PhD in Engineering and completed postgraduate studies in Finance, M&A Law and General Management.

 


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Achim Hirz

Operating Partner


Achim Hirz is an Operating Partner and has been part of the Fidelium team since 2020. He now has more than 15 years of experience in operational portfolio development for PE/VC companies.

From 2008 on he acted as managing director for a number of PE/VC owned companies in “special situations” including carve-outs, structuring, turnaround, realignment, profitability improvement, risk-management and HR development.

Achim has gained substantial industrial experience in the E-Commerce, FMCG, plastics engineering & production, metal engineering & production, pharmaceutical production and retail sectors. He started his career at Philipp Morris GmbH in Munich followed by Oakley Germany & Switzerland as director of finance and business administration.

Achim holds a Master in Business Administration from the Ludwig Maximilian University of Munich.


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Kristina Hoos

Manager Finance & Controlling


Kristina Hoos joined Fidelium in 2022 as Manager Finance & Controlling.

Prior to that, she worked for almost 6 years for a capital management company for private equity funds of funds, most recently as Head of Fund Accounting.

She started her professional career as a tax and audit assistant at a medium-sized auditing firm, where she was responsible in particular for clients from the venture capital/private equity industry.

Kristina holds a degree in Business Administration (FH) and studied Business Administration and Law at the University of Applied Sciences in Aschaffenburg.


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Dr. Benjamin Leuchten

General Counsel


Since 2021 Dr. Benjamin Leuchten is General Counsel of Fidelium and responsible for all legal matters. He has several years of experience in advising on national and international M&A transactions.

Before joining Fidelium Benjamin worked over 8 years at the Munich office of the US law firm Milbank LLP where he focused on advising financial investors on complex deals across all industries.

Benjamin has a doctorate degree of law and studied in Passau, Sydney, and Munich.


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Uli Lorenz

Managing Director


Uli Lorenz is the first employee of Fidelium, since its foundation in 2017 and has several years of investment experience in companies facing special situations.

Prior to Fidelium, Uli worked for a medium-sized private equity firm, where he was involved in various successful transactions in Western Europe, particularly in the aluminium and automotive industries as well as in electronic component manufacturing and the aerospace industry.

Prior to that, he worked in investment banking and corporate finance advisory in Germany and England. Uli studied Business & Economics in Germany, Ireland and Switzerland.


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Philipp Neuner

Investment & Financing Manager


Philipp Neuner joined Fidelium in 2022 as an Investment & Financing Manager and is part of the Investment Team, with a focus on providing financing solutions.
Philipp has close to a decade of experience in the financial services industry, with a strong focus on acquisition and leverage finance, and transaction advisory services.

Prior to Fidelium, he worked for several years in London at a leading independent debt advisory boutique, advising Mid-Market Private Equity Funds.
Philipp has also gained experience in leverage finance from his time in Investment Banking. He started his career in Corporate Finance covering Financial Due Diligence and Valuation.

He is a Chartered Accountant (ACCA), and studied Business Administration in Germany.


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Ngoc Nguyen

Working student Recruiting & HR


Ngoc Nguyen has been working as a working student in the Human Resources team at Fidelium since June 2023.

Before joining Fidelium, Ngoc was already a working student in the Human Resources department of a large consulting firm and completed an internship in operations at a food retail startup in Berlin.

During this time, she was able to gain some initial experience in the Human Resources field.

Next year, she will complete her bachelor's degree at Munich University, where she has already completed 6 semesters.

After her bachelor's degree, she will pursue a master's degree in Digital Marketing.


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Heiko Ruth

Taskforce Director


Heiko Ruth has been working for Fidelium since 2023 and is Taskforce Director in Operations.

He has 20 years of professional experience as an interim manager, in management consulting and in task force management in the automotive business.

Amongst others, Heiko has successfully supported several companies in critical situations and gained turnaround and task force experience at leading automotive supplier groups.

Heiko studied business administration and business informatics with a degree in business informatics.

He is also a certified auditor, project manager and Lean SixSigma Black Belt.


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Alexander Salerno

Senior Investment Analyst


Alexander Salerno is a Senior Investment Analyst at Fidelium and has been part of the investment team since 2023.

He has several years of professional experience in national and international M&A transactions.

Prior to Fidelium, Alexander worked for several years in Strategy and Transactions at EY (Ernst & Young) in Germany. There he focused on projects in the areas of financial due diligence, financial modeling and valuation for medium-sized and large clients. He started his career in EY’s audit practice.

Alexander studied business administration in Germany and the USA and holds a Master of Science in Finance from ESADE Business School in Spain.


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Olav Schulte

Operating Partner


Olav Schulte is Operating Partner at Fidelium and has been part of the team since 2021.

Olav looks back on more than 20 years of management experience in manufacturing industries. He has served in a variety of roles and functions in both medium-sized enterprises and international corporations.

In addition to his focus on the automotive industry, Olav’s experience extends to the electronics and electrical engineering industry as well as mechanical engineering. He is particularly focused on operational excellence and business development.

Olav started his career as an R&D engineer at Mahle Behr in Stuttgart and was most recently Senior Vice President and Renesas Electronics Corporation, headquartered in Tokyo, before becoming a freelance consultant. Olav holds a degree in Feinwerktechnik (precision engineering) and Technische Informatik (technical computer science) and studied in Stuttgart and Esslingen.


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Andreas Spiegelberger

Taskforce Director


Andreas Spiegelberger joined Fidelium in 2019 and has been a Taskforce Director since the beginning of 2023.

He has over 30 years of automotive experience and initially focused on sales topics and project management at international Tier 1 suppliers. Since 2009, he has also been involved with investment companies, acting as interim managing director with a focus on sales.

In the context of a management buy-out, he took over a company which he sold again profitably after 5 years. Andreas has also been involved in several carve-outs.

Andreas holds a degree in engineering, studied mechanical engineering at TUM and was at CEDEP (offshoot of INSEAD).

 


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Hyo-Sup Steinbauer

Chief Transformation Officer


Hyo-Sup Steinbauer is Chief Transformation Officer and has been part of the Fidelium team since 2022. He has more than 20 years of professional experience in automotive and turnaround management.

Prior to joining Fidelium, Hyo-Sup held different roles as CRO/CEO and COO in various industry sectors and managed automotive T1, T2 companies in particular challenging situations.

Hyo-Sup gained operational turnaround management experiences in automotive supplier groups as well as in private equity portfolio companies.

Hyo-Sup holds a degree in Engineering and an MBA in International Business.


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Joao Vuolo

Working student


Joao Vuolo joined the Fidelium team in June 2023.

Before joining Fidelium, Joao worked as a trainee in the Digital Finance department of a large management consultancy and as an intern in the digitalization department of a German bank.

There he was able to gain first experiences, especially at the touchpoints between IT and Financial Services.

Joao is in the 6th and last semester of his Bachelor's degree in Information Systems at the TU Munich, where he also completed a semester abroad in Hong Kong, and will soon start his Master's degree.


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Patrick Wagner

Investment Analyst


Patrick Wagner is an Investment Analyst at Fidelium and has been part of the Investment Team since 2023.

He has several years of professional experience in the national and international transaction environment.

Prior to Fidelium, Patrick worked in Investment Banking at William Blair and Stifel Financial Corporation in Frankfurt, Germany. During this time, he advised numerous technology and industrial companies as well as private equity firms on the buy and sell side on transaction preparation, process execution, financial modeling, and valuation.

Patrick studied in Germany, Canada and the United Kingdom and holds a Master of Science in Finance from the Strathclyde Business School in the United Kingdom.


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Niklas Weinzierl

Investment Associate


Niklas Weinzierl is an Investment Associate at Fidelium and part of the investment team since 2022.

He has several years of professional experience facilitating international transactions and managing investments.

Before joining Fidelium, Niklas worked in the M&A advisory, private equity and the family office sector. There he focused on due diligence and value creation projects for private and listed companies.

Niklas studied business administration in Germany and the USA.


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Yannick Wilden

Taskforce Director


Yannick Wilden joined Fidelium in September 2023 and is Taskforce Director in Operations.

He has 20 years of professional experience in investment management as well as in quality management, purchasing and business development of large and small companies in various industries such as automotive, manufacturing and logistics.

Among others, Yannick accompanied several portfolio companies as an investment manager and most recently as a partner of an investment company, both in the growth phase and in critical turnaround situations.
Yannick studied mechanical engineering at RWTH Aachen University and holds an MBA from Hult International Business School in Boston.

He is also a certified Private Equity Analyst (CPEA).


Transaction Experience

Special situations are the norm for us.

The Fidelium team has long experience in acquiring and supporting companies in special situations. Our dependability has been proven repeatedly across a wide range of transactions. We provide our partners with exceptional transaction reliability as well as the flexibility required to handle the needs of complex sales scenarios.

In recent years, the Fidelium team has successfully implemented over 30 major transactions.

Some of our recent transaction partners: