Global law firm Mayer Brown LLP advised Halder on the financing of its acquisition of the majority shares of Gealan Group through a Management Buy-Out from AXA Private Equity. Gealan is a manufacturer of vinyl window profiles in Germany.
Halder is part of GIMV, a listed European private equity and venture capital group. GIMV focuses on buyouts, growth capital, venture capital and infrastructure investments. Halder has been active in Germany since 1991, focusing on MBOs in the SME sector. Gealan is Halder’s largest investment by now.
Gealan had revenues of 220 million Euro and a staff of 1.250 in 2010 and is one of the top European manufacturers in its segment. Halder was the investor behind the original MBO in 2002. When Halder exited in 2004, revenues had increased from 92 million Euro to 143 million Euro. During the partnership with AXA Private Equity, revenues grew by almost another 50 percent, mainly driven by international expansion.
The Mayer Brown team working on the deal included partner Markus Strelow (lead, banking & finance, Frankfurt).
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