Halder expanded Aqua Vital by focusing on the point-of-use water dispenser business via new customer wins. Besides organic growth, three add-ons were made, two of them in Germany. With the acquisition of Kalimba, Aqua Vital expanded into the Benelux market, while further internationalization was achieved by opening a new Austrian subsidiary.

In addition, the unique IT-supported tele sales capacities were strengthened alongside the well-established logistics network and an expanded technical service department.

During our holding period, sales more than doubled, the customer base grew by 50% and Aqua Vital increased its international presence. In 2018 Aqua Vital was sold to Culligan International, US, an international leader in water treatment solutions.

Investment highlights

Organizational Backbone

  • Succession of CEO finalized
  • Implemented advisory board
  • Enhancement of tele sales team
  • Expansion of service and technical department with focus on point-of-use

Topline growth

  • Opened subsidiary in Austria
  • Point-of-use as main growth driver
  • Tele sales differentiating factor


  • Sales more than doubled
  • > 60.000 commercial customers
  • High cashflow visibility via fixed rent contracts
  • Became market leader in Germany

The Investment Team

Mathias Fackelmeyer

Partner, Managing Director

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