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.