Alukon Holding GmbH (Germany) - Nov 2007

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01 November 2007

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Halder acquired German roller shutter and roller door system manufacturer Alukon from AXA Private Equity for an undisclosed sum. Close Brothers ran an auction process that attracted financial and strategic buyers alike. The Alukon management, which also invested, continues to hold a stake in the company. Halder is looking to continue Alukon’s strong business development following the company’s expansion into Eastern Europe and other international markets. In addition, the financial investor will focus on the production activities of the company and new product development.

Debt

Investkredit Bank AG supported the transaction with a senior-only debt package.

Company

Headquartered in Konradsreuth, Alukon provides high-quality aluminum roller shutters and roller door systems producing single components, custom product solutions and associated accessories. The company relies on a large warehousing capacity, dense logistical network and own delivery fleet that enable it to fulfill its orders fast and reliable and at the same time ensure a high degree of product availability.

Exit Deal

AXA Private Equity has fully exited its stake in Alukon. In March 2004, the financial investor acquired the company in a secondary transaction from Granville Baird Capital Partners (April 2004, page 26). Senior debt was arranged by Bank of Scotland. Under its stewardship, Alukon’s business accelerated significantly with revenues growing to €71m in 2006 from less than €59m in 2004. At the same time Alukon’s workforce has also grown from 280 to the current 320 employees.

People

Michael Wahl, Paul De Ridder and Susanne Quint represented Halder on this transaction. Dr Helmut Pitsch, Wolfgang Pietzsch and Markus Brunnemann led the exit for AXA Private Equity. Thomas Fotteler and Marc Vogler worked on the debt package at Investkredit Bank.