Halder acquires a stake in Conen Group. h&z supported the Commercial Due Diligence

20.02.2019 – Hal­der has acqui­red a majo­ri­ty sta­ke in the Conen Group, Mor­bach.

Conen spe­cia­li­zes in equip­ping edu­ca­tio­nal insti­tu­ti­ons in Wes­tern Euro­pe, the Midd­le East and the USA. In its core mar­ket of Ger­ma­ny and neigh­bou­ring coun­tries, Conen ser­ves over 1,000 long-stan­ding custo­mers with its broad ran­ge of school fur­ni­tu­re. The busi­ness also focu­ses on tech­ni­cal pro­ducts for inter­ac­tive learning. In 2018 the com­pa­ny employ­ed 225 peop­le and achie­ved a tur­no­ver of € 37 mil­li­on.

Due to the growth poten­ti­al ari­sing from the increa­sing digi­ta­li­za­ti­on of edu­ca­tio­nal sys­tems, Conen plans to expand its coope­ra­ti­on with moni­tor manu­fac­tu­rers in the USA and the Midd­le East. In Ger­ma­ny, too, the frame­work con­di­ti­ons are favor­able, as high government spen­ding on pre­schools and schools is plan­ned in the medi­um term.

Hal­der has been active as an equi­ty inves­tor in Ger­ma­ny sin­ce 1991 and has pro­vi­ded 39 medi­um-sized com­pa­nies with equi­ty capi­tal for suc­ces­si­on and growth. The invest­ment in Conen is the first invest­ment of the Hal­der VI fund, which com­ple­ted its capi­tal rai­sing in Janu­ary 2019. h&z sup­por­ted Hal­der in the com­mer­ci­al due dili­gence.