The objective of an investment is sustainable value enhancement – the increased value is realized through divestment at a later stage. With Halder, an exit normally comes after about five years.
The exit is not just a sale. There are many different approaches to this important step - management can buy all shares, the company can join forces with another business, it can be floated on the stock market or new financial investors can be brought in. Post-exit, Halder may retain a minority interest for a limited period.
Many factors must fall into place. Halder achieves the return on its investment only at the point of exit, managers often want to remain owners, financing must continue to flow and future owners will have their own objectives. Halder's successful experience in Germany with 28 realized exits shows how to find the right solution.