Constellation makes star returns by rapid sale of Häsler to management


fire flame burn heat energySwiss private equity firm Constellation Capital has made 2.6-times its money through the rapid exit of heating and energy systems company Häsler Group less than two years after its MBO of the business.

Constellation scored an IRR of 53 per cent by selling Häsler back to management after helping it expand its workforce by more than a third through two bolt-on acquisitions in the past 20 months.

The German company plans, installs and services heating, ventilation and alternative energy systems in single and multi-family homes and industrial buildings.

Last month Constellation named former Adecco CEO Dieter Scheiff as managing partner.

He has been an industry partner at the firm since 2010 is also currently chairman of the board of Constellation’s education portfolio company IBIS ACAM.

Copyright © 2013 AltAssets