Vater 2019 – October 2023 Consumer Services & Entertainment
Vater is a company specializing in outdoor and indoor blinds. The company was founded in 2019, and was brought under the A&CO-umbrella in 2021, as a result of impressive initial growth. The company expanded into heat pumps, interior painting, as well as light carpentry work, with the ambition to move further into the home interior upgrade market. Unfortunately, due to challenging macroeconomic conditions, the company had to temporarily cut growth ambitions and downsize its staff. At this point, A&CO decided to withdraw from the company, selling the majority of shares to the founder, and retaining a 15% stake. After the home-improvement sector continued to plunge, the company eventually had to close down in October 2023.
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