Fidelium Partners acquires RET

The deal includes the acquisition of Romania-based R ElasTec. The transaction is expected to close by the end of January 2021.

Reiff Gruppe said in a statement that the sale is part of its continuing realignment plan. The company employs 720 people and reported revenues of €195m in 2019, according to its website.

Fidelium is currently deploying equity via Fidelium Special Situations Fund, which held a final close in June 2017 on €103m. The fund deploys tickets of up to €20m and acquires majority stakes of at least 75%. The vehicle focuses on carve-outs, turnarounds and succession solutions, targeting businesses with revenues of around €30-500m.

Company
RET manufactures elastomer mouldings and composite parts, and free-application systems for use in industrial areas, including injection moulding, casting and assembly.

The company is based in Reutlingen-Betzingen and was formerly part of Reiff Group, which was founded in 1910. RET was founded in 1967 as Reiff Elastomertechnik, according to its website. The company employs 160 people in total.

People
Reiff Gruppe – Alec Reiff (CEO); Mandred Braun (CFO).
Fidelium Partners – Achim Hirz (operating partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Turnaround/Special Situations
• DACH
• Consumer
• Germany
• Carve-out