Frankfurt-based SME investor Halder has scored a coup by bringing on board ex-Blackstone dealmaker Hanns Ostmeier following its spin out from Belgian private equity firm Gimv two weeks ago.
Ostmeier, who was also chairman of Germany’s private equity and venture capital association between 2009 and 2012, has become a shareholder and executive chairman of the firm.
The 52-year-old was senior managing director in charge of German business at Blackstone between 2003 and 2007, and previously spent six years with European buyout major BC Partners.
Halder said Ostmeier would contribute to fundraising, strategy and developing and monitoring investments, as well as joining the firm’s investment committee.
He said, “Private equity will become ever more important to small-to-medium enterprises in the years ahead.
“Being a partner to German SMEs, Halder has gained an excellent reputation among corporations and investors alike. I am looking forward to helping grow the firm’s activities.”
Ostmeier’s arrival is a major boost for Halder, which became independent again at the end of March following 13 years of Gimv ownership.
The firm has been active in Germany since 1991 and has completed 33 SME investments to date, providing equity capital for ownership succession and international growth.
Halder is currently investing from its €325m Halder-Gimv Germany II fund which holds investments in CCN, Gealan, Helmut Klingel and Keymile.
That fund closed within months in 2008 after picking up 80 per cent of commitments from existing fund investors, but did not begin investing until 2011 due to the global financial crisis.
Halder targets established, profitable SMEs with turnover of between €20m and €400m, usually taking a majority stake through an MBO.
The firm says it has realised a gross IRR of 29.5 per cent from 28 exits to date.
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