PRINT THIS PAGE GIMV announces first close on debut German fund at E78m19/11/2003. Source: AltAssets. 
 The Halder-Gimv fund, which was launched earlier this year by German mid-market buy-out firm Halder and its controlling shareholder, Belgian private equity house Gimv, has announced a first close on its debut fund at E78m. The fund is targeting E150m and expects to hold a final close next year.
The fund has secured commitments from institutional investors in Germany, the UK, the US and Japan. The Halder-GIMV fund will focus on management buy-outs of mainly family-owned businesses with an enterprise value of between E25m and E125m.
Halder, which was acquired by Gimv in 2000, will receive a commitment of at least 19.9 per cent of the total fund size from Gimv. Gimv will also be entitled to a share of the carry.
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