AURELIUS wins “Turnaround of the Year/Small Company” at the TMA Europe Debtwire Award 2017
Munich / London, June 2017 – AURELIUS Group (ISIN DE000A0JK2A8), the mid-market pan-European investor, has won “Turnaround of the Year/Small Company” at the prestigious TMA Europe Debtwire Award 2017. The award, which recognises the achievements of a team of turnaround professionals who have orchestrated the most successful turnaround of a struggling company (with less than EUR 100 million in revenues), honoured AURELIUS for its investment in fidelis HR.
AURELIUS acquired human resources services provider fidelis HR in 2013, from TDS Informationstechnologie AG. Following acquisition, AURELIUS rigorously reorganised operations of the company and significantly improved performance and profitability. AURELIUS exited the business in 2016, with a return of 40x its original investment.
Gert Purkert, Member of the Executive Board of AURELIUS, said: “We are delighted to have won this award. Aurelius is dedicated to being a good home for its subsidiaries, and is committed to helping each business reach its full potential.“