Updated:
Monacum Partners
Monacum Partners acquires underperforming European mid-market manufacturers, specializing in carve-outs and turnaround buyouts across Germany.
Monacum Partners
Munich-based Monacum Partners was founded to address the gap between distressed European small-to-mid-cap enterprises and operationally intensive turnaround capital. The firm targets companies with significant operational improvement potential — manufacturers, service providers, and niche pharma developers — and takes controlling positions through corporate carve-outs, succession-driven divestitures, and distressed buyouts. The firm’s strategy spans industrial goods, consumer goods, business services, and pharma/life sciences. Monacum deploys capital across direct majority buyouts throughout Europe, focusing on complex situations requiring hands-on restructuring. Confirmed positions include Dapin GmbH, a CDMO carved out of Evotec SE in 2024, and ExOne Global Holdings, the binder-jet 3D-printing platform acquired in 2025 from Anzu Partners. The team also executed a carve-out of DWE, a heavy-equipment reactor and pressure vessel manufacturer, from Everllence SE in 2026. Its fourth portfolio company, Turma IT GmbH, provides ERP carve-out and IT transformation services. The investment team draws its senior professionals from restructuring advisory firms and turnaround-focused private equity investors. Co-Founder Tobias Wilmes and operating lead Stefan Süßenguth each spent portions of their careers at a Munich-based turnaround investor; Partner Ahmed Sallam, the former head of automotive investment banking at UBS, co-founded the UK investment firm Orillion. In 2026, the firm closed its carve-out of DWE from Everllence SE, extending its industrial footprint in Germany. Monacum functions as an operationally intensive buyout firm, not an allocator. Its deal team personally executes post-close transformation plans, often placing firm members in C-level roles during stabilization periods. This embedded operating model separates Monacum from capital-only funds, which typically rely on external consultants. The structure mirrors a turnaround consultancy that deploys proprietary balance-sheet capital.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Munich
Corporate office
Munich, Germany
Principals
Tobias Wilmes
Co-Founder and Managing Partner
Daniel Reeg
Operations and Portfolio Value Creation
Stefan Süßenguth
Operational Value Creation
Ahmed Sallam
M&A and Capital Raising
Malte Maurer
Investment Director
Sector focus
Frequently asked questions
Who runs investment decisions at Monacum Partners?
Investment decisions are driven by the senior team led by Co-Founder and Managing Partner Tobias Wilmes and deal leads Ahmed Sallam and Malte Maurer. The firm does not hold an investment committee separate from its operating partners; the same team that sources and structures the transactions — including former UBS automotive banker Sallam and ex-Partners Group investor Maurer — evaluates and approves each deal.
How does Monacum Partners source proprietary deal flow?
Monacum sources deals through restructuring networks, corporate carve-out mandates, and direct succession dialogues with Mittelstand owners. Founders Tobias Wilmes and Daniel Reeg each spent over a decade in operational turnaround roles at industrial companies and consulting firms, which gives the firm access to off-market situations where sellers prioritize execution certainty over price.
Is Monacum Partners a single family office or does it operate more like a venture firm?
Neither. Monacum is an operationally intensive buyout firm that acquires controlling stakes in underperforming or non-core European SMEs. It does not operate as a family office. Unlike a venture firm, it targets mature industrial and business-services companies needing structural turnaround, not high-growth startup equity.
What investment stages does Monacum Partners typically target?
Monacum targets mature businesses that are underperforming their potential — not startups or growth-stage companies. Deals include corporate carve-outs (Dapin from Evotec, DWE from Everllence), succession-driven family business transfers, and distressed buyouts requiring balance-sheet restructuring and operational turnaround.
Does Monacum Partners participate in fund commitments or only direct deals?
Monacum exclusively executes direct majority buyouts. The firm's four known portfolio holdings — Dapin, ExOne Global Holdings, DWE, and Turma IT — were all acquired directly from corporate sellers, with Monacum taking control and embedding its own operating partners into the turnaround process.
How is Monacum Partners related to Orillion?
Ahmed Sallam, who leads M&A and capital raising for Monacum, co-founded the UK-based investment firm Orillion in 2021. Richard Clarke, a Monacum team member with 30 years of public and private investing experience at Goldman Sachs and GLG Partners, is a Partner at Orillion. The two firms share senior personnel but maintain distinct investment activities.
What is Monacum's known posture on co-investments alongside external GPs?
Monacum does not publicly market co-investment opportunities or operate as a fund-of-funds. The firm structures each transaction as a direct majority acquisition, installing operating partners into management roles during the turnaround. There is no disclosed record of Monacum participating as a minority co-investor alongside an external lead sponsor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: