Cornerstone buys ACTech from Halder

The investment was made through the CornerstoneCapital II AG & Co. KG fund.

The joint investors' cash injection will help the company build on its recent growth and expand its export market.

Previous funding
Halder bought its 80% stake in the company from the firm's venture capital investors in 2007.

During its five-year holding period, Halder has facilitated the in-house finishing of ACTech's products by investing €10m of the company's returns in new equipment, facilities and the training of staff.

ACTech also broadened its market presence in Western and emerging markets. Halder said it decided to sell the firm as it had successfully implemented its five-year strategy.

Debt
The existing debt structure was rolled over in the secondary buyout.

Company
ACTech was founded in 1995 in Freiberg. After suffering briefly from subdued trading during the recession, it now has a turnover of €33m and a staff of 373.

The company manufactures prototype metal castings to be used on components in industries such as the automotive industry.

People
Pieter van Halem is managing director and co-founder of Cornerstone Capital AG.

Advisers
Equity - PKF Deutschland (Financial); Haarmann Rechtsanwaltsgesellschaft (Legal)

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• Topics
• DACH
• Support services
• Buyouts
• Cornerstone Capital AG
• Halder Beteiligungsberatung GmbH
• Secondary buyout