Halder acquires Conen Group.

Halder, venture capital and private equity firm acquired ​the business operations of the Conen Group, a leading manufacturer of educational furniture and visual presentation equipment headquartered in Germany. Financial terms were not disclosed. The investment provides a succession solution for the founder’s family which had established the company in 1965. Conen’s international business perspective is driven by increasing digitalization of global education, resulting in double-digit growth rates for interactive displays. The company plans for closer co-operation with display manufacturers in the US and the Middle East. As government spending on​ Germany’s pre-school and school sectors is set to increase significantly over the next years, the home market also provides a favorable outlook. Backed by Halder, portfolio companies grow by internationalization, focusing their strategy and business model, comprehensive capital expenditure and add-on investments. Conen is the first investment of Halder VI.