Hannover Finanz
Hannover Finanz is one of Germany's oldest independent private equity houses, founded in 1979 and based in Hannover. It is an owner-managed, second-generation Mittelstand equity partner that invests across the DACH region in company successions, growth financings, carve-outs and special situations, typically writing 15 to 50 million euros of equity. The firm operates through five evergreen funds with unlimited duration, which lets it hold companies for very long periods, and it manages over 900 million euros for a portfolio of around 35 companies that together generate more than 4 billion euros of sales and employ over 15,000 people. In 2024 it added the HFO Deutschland Fonds, a ten-year special-situations vehicle for mid-market transformation capital.
Key facts
Recent exits
Coverage notes
1 fund tracked, 55 portfolio companies (29 active · 26 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
55 companiesFunds & portfolio
Every fund Hannover Finanz has raised, with its portfolio companies. Hand-checked from public filings.
Hannover Finanz Evergreen FundBuyoutActive1991 · 35yr29 active · 26 realized
Unrealized
29 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Cybersecurity |  Germany | 2025 | |
| Hospitality | Germany | 2016 | |
| Software | Germany | 2023 | |
| MedTech | Germany | 2018 | |
| Consumer | Germany | 2018 | |
| Construction | Germany | 2021 | |
| MedTech | Germany | 2021 | |
| Aerospace & Defence | Germany | 2019 | |
| Business Services | Germany | 2007 | |
| MedTech | Germany | 2015 | |
| Fintech | Germany | 2022 | |
| ClimateTech | Germany | 2022 | |
| Logistics | Germany | 2004 | |
| Industrials | Germany | 2021 | |
| Industrials | Germany | 2015 | |
| Business Services | Germany | 2025 | |
| Industrials | Germany | 2006 | |
| Industrials | Germany | 2020 | |
| AdTech | Germany | 2021 | |
| Business Services | Germany | 1998 | |
| Business Services | Germany | 2011 | |
| Industrials | Germany | 2016 | |
| Pharma | Germany | 1998 | |
| PropTech | Germany | 2023 | |
| Aerospace & Defence |  Austria | 2024 | |
| Business Services | Germany | 2025 | |
| Industrials | Germany | 2017 | |
| Consumer | Germany | 2017 | |
| Business Services | Germany | 2008 |
Germany· Entry 2025Germany· Entry 2016Germany· Entry 2023Germany· Entry 2018Germany· Entry 2018Germany· Entry 2021Germany· Entry 2021Germany· Entry 2019Germany· Entry 2007Germany· Entry 2015Germany· Entry 2022Germany· Entry 2022Germany· Entry 2004Germany· Entry 2021Germany· Entry 2015Germany· Entry 2025Germany· Entry 2006Germany· Entry 2020Germany· Entry 2021Germany· Entry 1998Germany· Entry 2011Germany· Entry 2016Germany· Entry 1998Germany· Entry 2023Austria· Entry 2024Germany· Entry 2025Germany· Entry 2017Germany· Entry 2017Germany· Entry 2008Realized
26 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Deep Tech | Germany | 1989 | 2010 | IPO | – | – | |
| Energy | Germany | 2005 | 2009 | Trade Sale | – | ||
| Industrials | Germany | 2000 | 2017 | Trade Sale | – | ||
| Industrials | Germany | 2011 | 2021 | – | – | ||
| Software | Germany | 2017 | 2021 | Trade Sale | – | ||
| Industrials | Germany | 1990 | 2005 | – | – | – | |
| Consumer | Germany | 1980 | 2002 | Trade Sale | – | ||
| Industrials | Germany | 1998 | 2010 | – | – | – | |
| Consumer | Germany | 1999 | 2007 | Secondary | – | ||
| Consumer | Germany | 1982 | 1992 | – | – | – | |
| Consumer | Germany | 2012 | 2022 | – | – | ||
| Industrials | Germany | 2003 | 2015 | – | – | – | |
| Logistics | Germany | 1993 | 2000 | – | – | – | |
| Industrials | Germany | 2019 | 2026 | Trade Sale | – | ||
| Consumer | Austria | 2010 | 2016 | – | – | – | |
| Consumer | Germany | 1995 | 2000 | – | – | – | |
| Industrials | Germany | 2014 | 2024 | – | – | ||
| Healthcare | Germany | 2006 | 2023 | – | – | ||
| Industrials | Germany | 2005 | 2026 | MBO | – | ||
| Deep Tech | Germany | 2002 | 2016 | Secondary | – | ||
| Consumer | Germany | 2005 | 2013 | Trade Sale | – | ||
| Consumer | Germany | 2016 | 2026 | Trade Sale | – | ||
| Industrials | Austria | 2005 | 2015 | MBO | – | ||
| Industrials | Germany | 1991 | 2004 | – | – | – | |
| Industrials | Germany | 2012 | 2024 | Trade Sale | – | ||
| Industrials | Germany | 1988 | 2004 | Trade Sale | – |
Germany· Entry 1990Germany· Entry 1998Germany· Entry 1982Germany· Entry 2003Germany· Entry 1993Austria· Entry 2010Germany· Entry 1995Germany· Entry 1991Saved GPs appear in your watchlist, one click from your workspace.
About Hannover Finanz
Hannover Finanz is Germany's oldest mid-market private equity firm with €900 million of assets under management as of December 2024, headquartered in Hannover. The firm was founded in 1979 originally as a 100% subsidiary of HDI-Versicherung, before becoming management-controlled via a management buy-out in 1993. The firm is now partner-owned with six institutional investors (post-1993 MBO) and family-led 2nd generation, with 250 plus companies backed since inception and a current portfolio of 35 companies generating €4 billion plus of combined revenues.
Investment thesis
Hannover Finanz deploys capital through five evergreen equity funds plus dedicated private debt and special situations vehicles, targeting mid-market equity partnership for family-owned businesses across succession financing, growth equity and operational development. The evergreen structure (no fund time limit) enables decade-plus holding periods aligned with family-owned business succession cycles, plus closed-end private debt and special situations vehicles complement the flagship strategy. Sector focus spans IT services, software, advanced industrials, medical technology, business services, manufacturing, trade and services. Geographic deployment is DACH-focused (Germany, Austria, Switzerland).
Recent activity
Recent realised exits include industrial work platforms (Teupen, 2024), design services (2026) and automotive (2024). Recent acquisitions include cybersecurity (2025) and exhibition and trade-fair services (2025). The platform continues active deployment across the multi-fund evergreen and special situations strategies. Detailed buyer names and multiple data available on Pro at €29/month.
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