Halder's Aqua Vital acquires Revos

Aqua Vital is understood to have mainly financed the acquisition internally. Banks were not involved in the transaction. Revos's managing directors took a stake in the newly formed group.

Halder bought Aqua Vital from fellow GP Aheim Capital in Q3 last year. The vendor, which had bought Aqua Vital in 2008 through a management buyout together with CEO Jürgen Linde, reaped a 2.4x gross money multiple via the sale.

Halder backed the 2013 management buyout via its fifth fund, Halder-Gimv Germany II. The vehicle closed on its hard-cap of €325m after just three months of fundraising in 2008, and currently holds seven portfolio companies.

Company
Founded in 1993, Munich-based Revos currently has an installed base of 15,000 bottled water coolers and also provides systems fed by water pipes. The company posted a €6m turnover last year.

Aqua Vital was founded in 1999 and is based in Neuss, Germany. The company manufactures and sells water coolers. Halder claims that Aqua Vital has a market share of around 40% in the bottled water cooler segment.

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