Halder’s Klingel Medical Metal acquires Josef Ganter

Halder provided no additional capital for the deal, which was sourced on a proprietary basis.

The investor stated the add-on will sharpen its portfolio company's focus on medical technology. Klingel turned its strategic focus to medical technology in mid-2013, when half of its revenues were sourced from this market. By the end of last year, it was contributing more than two thirds of volume.

Previous funding
Halder acquired Klingel in 2012 via its HGG II fund. The vehicle closed on its €325m hard-cap in February 2008 after three months of fundraising. The deal saw the GP buying a majority stake, while the management team and employees increased their existing shareholding in the company.

Company
Medical applications producer Josef Ganter was founded in 1926 and is based in Dauchingen. The firm's main products are dental ratchets. It has 40 employees and estimated revenues of €4.6m in 2015. Klingel had revenues of €27m in 2015, with 274 employees.

People
Halder – Christian Muschalik (investment manager).
Klingel Medical Metal – Thomas Kroyer (managing director).
Josef Ganter Feinmechanik – Roland Müller (managing director).

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• Topics
• Portfolio management
• DACH
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• Germany
• Build-up