Munich-based Fidelium Partners announces the successful closing of its debut special situations fund. The oversubscribed EUR 103m Fidelium Holdings Fund attracted a selected group of German business families. The Fidelium team members have also made a significant financial commitment to the fund.
Fidelium Partners commented: „We are extremely excited and grateful for the support and confidence by our limited partners, entrusting us to steward and invest their capital. We now look forward to capitalizing on our team’s extensive network and track record, targeting to build-up a portfolio of 10-15 attractive investments over the next years.”
Fidelium focuses on acquiring majority stakes in orphan and underperforming assets from large conglomerates as well as other special situations, such as companies seeking an investor to assist with succession, relocation, necessary restructurings, or a difficult banking situation. The approach is not only to acquire businesses, but to actively support them in their development with capital and operational expertise to ensure a sustainable development. The Fidelium team has experience in a broad spectrum of industries and has structured transactions in a variety of complex situations. Typical investment targets have a turnover of € 30 – 500 million and are headquartered in Europe.
Fidelium was advised by K+L Gates LLP throughout the fundraising process.