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PRINT THIS PAGE Halder sells door manufacturer PRÜM-GARANT Holding11/05/2007. Source: AltAssets. 
 Mid-market buy-out firm Halder Beteiligungsberatung has sold its majority stake in PRÜM-GARANT Holding, a German interior doors and door frames manufacturer, to Swiss industrial company Looser Holding for an undisclosed amount. Halder did not release detailed return information but told AltAssets that it had made an 'above average' return.
PRÜM-GARANT Holding was established when PRÜM-Türenwerk GmbH, which Halder acquired in August 2004, was merged with GARANT Türen- und Zargen Produktions- und Handels GmbH & Co. KG, which was acquired in May 2005. Both acquisitions were made from the Halder Gimv Germany fund, which closed on €155m in 2005. The PRÜM-GARANT sale is the first exit from the fund.
PRÜM-GARANT realised a turnover of €114m in 2006 with a workforce of 750.
Halder has been an active investor in Germany since 1991. In 2000 Halder became part of Belgian investment company GIMV group.
Halder Gimv Germany is now more than 50 per cent invested, Halder said.
Copyright © 2007 AltAssets
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