Halder makes first exit from 2008 fund with sale of PVC window business Gealan

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PVC-u door EurocellGerman private equity firm Halder has sold its majority stake in PVC window business Gealan to trade buyer VEKA Group after a three-year holding period.

Halder picked up Gealan from AXA in 2011 following a dip in sales in the wake of the financial crisis, tapping its €325m 2008 fund for the deal.

The sale marks the first exit from that fund.

The firm has attempted to offer more innovative quality products and expand Gealan’s sales organisation since the buyout, giving the company “stable” revenues and “good profitability”.

Gealan expects total revenues of €213m for 2013, in line with revenues for the previous year.

Halder has been active in Germany since 1991 and has provided capital to 36 SMEs.

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