HAL’s strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. When selecting investment candidates, HAL emphasizes, in addition to investment and return criteria, the potential of playing an active role as a shareholder and/or board member.
HAL invests its own funds allowing for long-term investment strategies and flexibility in transaction structuring and financing. HAL invests in businesses with strong and sustainable market positions and good long-term perspectives in which there is the opportunity to grow the business, either through acquisitions (buy & build) or organic growth. HAL cooperates closely with the management teams of the companies it invests in to support them in executing their strategic plans. Where appropriate, HAL contributes to the development of such companies by providing long-term capital and assisting in M&A and business development.
HAL has a varied portfolio including investments in Boskalis (dredging and offshore energy), Vopak (oil and chemical terminals), Coolblue (online retail), Broadview (production and distribution of High Pressure Laminate panels), FD Mediagroep (Het Financieele Dagblad, BNR Nieuwsradio and other business information services), Anthony Veder (gas tankers) and TABS Holland (timber and building products).
Example of Buy & Build
Our largest investment is in optical retail, through GrandVision NV. Our initial investment was in 1996 in a local company in the Netherlands. This now global number two optical retailer was built since then through more than 60 acquisitions. Currently, Grandvision generates over € 4.1bn of system-wide sales in over 40 countries and 7,000 stores. In 2015 the shares of GrandVision were listed on Euronext Amsterdam, HAL still holds 77% of the shares.
For annual reports and press releases please visit www.halholding.com