Constellation sells Häsler in management buy-back

The Swiss investment house reaped an IRR of 53% after a holding period of 20 months.

Constellation originally bought the firm from Heliad Equity Partners in 2011. The company acquired a majority stake of 80% in Häsler via Constellation III German Asset Light Fund. The same year, Häsler reported a turnover of €21.2m.

Heliad wholly acquired Häsler from private owner Roland Häsler in December 2009. The firm reported a turnover of €13.27m that year, according to unquote" data.

Company
Häsler manufactures heating, ventilation and alternative energy systems for use in houses and industrial buildings.

Häsler employs 135 staff across nine branches. The Möhlin-based firm was founded in 1956.

People
Dieter Scheiff is Constellation's managing partner.

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