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.
Hannover Finanz is a Hannover buyout firm with €900M AUM, 29 active companies and 26 exits.
- ·9 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 26 realized deals: 12 years.
- ·Top sector focus: Industrials (31% of portfolio).
Sector breakdown
55 companiesGeography breakdown
2 geographiesKey facts
Recent exits
Hannover Finanz sold Lacon Electronic to Incap in 2026 after 7 years.
Hannover Finanz sold Rado Gummi to Fred Ebers in 2026 after 21 years.
Hannover Finanz sold Schiller Fleisch to Gausepohl Food Group in 2026 after 10 years.
Hannover Finanz sold Oqema to Overlack family in 2024 after 10 years.
Coverage notes
1 fund tracked, 55 portfolio companies (29 active · 26 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Hannover Finanz has raised, with its portfolio companies. Hand-checked from public filings.
Hannover Finanz Evergreen FundActiveBuyout199129 assets26 exitsBuyout1991 · 35yr–2926
Unrealized
29 held| Company | Entry |
|---|---|
| 8com Cybersecurity · Germany | 2025 |
| ACHAT Hotels Hospitality · Germany | 2016 |
| Appmatics Software · Germany | 2023 |
| ATEC Pharmatechnik Industrials · Germany | 2018 |
| Baeckerei Moos Consumer · Germany | 2018 |
| Buehr Gruppe Construction · Germany | 2021 |
| Dental Direkt MedTech · Germany | 2021 |
| E.I.S. Aircraft Aerospace & Defence · Germany | 2019 |
| EXCON Services Business Services · Germany | 2007 |
| F&W Frey & Winkler MedTech · Germany | 2015 |
| Finvia Fintech · Germany | 2022 |
| First Climate ClimateTech · Germany | 2022 |
| Hansa Meyer Global Logistics · Germany | 2004 |
| Huebers Verfahrenstechnik Industrials · Germany | 2021 |
| IPR - Intelligente Peripherien fuer Roboter Industrials · Germany | 2015 |
| Katec Kanaltechnik Mueller & Wahl Business Services · Germany | 2025 |
| Koehler Automobiltechnik Mobility · Germany | 2006 |
| Kretz + Wahl Industrials · Germany | 2020 |
| Loewenstark Digital Group AdTech · Germany | 2021 |
| Markenfilm Business Services · Germany | 1998 |
| Media-Concept Buerobedarf Business Services · Germany | 2011 |
| Moeschter Group Industrials · Germany | 2016 |
| MPA Pharma Pharma · Germany | 1998 |
| Paul Tech PropTech · Germany | 2023 |
| PEAK Technology Aerospace & Defence · Austria | 2024 |
| Rohrsanierung Jensen Business Services · Germany | 2025 |
| WMU Waermebehandlungsanlagen Industrials · Germany | 2017 |
| Zeeh Design Consumer · Germany | 2017 |
| Ziemann Sicherheit Business Services · Germany | 2008 |
Realized
26 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Aixtron Deep Tech · Germany | 1989 | 2010 | IPO | – | – |
| aleo solar Energy · Germany | 2005 | 2009 | Trade Sale | Robert Bosch GmbH | – |
| Astyx Mobility · Germany | 2000 | 2017 | Trade Sale | ZF Friedrichshafen | – |
| Biesterfeld Industrials · Germany | 2011 | 2021 | Secondary | Biesterfeld family | – |
| CP Corporate Planning Software · Germany | 2017 | 2021 | Trade Sale | proALPHA Group | – |
| Denios Industrials · Germany | 1990 | 2005 | – | – | – |
| Dirk Rossmann Consumer · Germany | 1980 | 2002 | Trade Sale | A.S. Watson Group | – |
| EMAG Maschinenfabrik Industrials · Germany | 1998 | 2010 | – | – | – |
| Eschenbach Optik Consumer · Germany | 1999 | 2007 | Secondary | Barclays Private Equity | – |
| Fielmann Consumer · Germany | 1982 | 1992 | – | – | – |
| Franz Ziener Consumer · Germany | 2012 | 2022 | Secondary | Ziener family | – |
| Hirschvogel Holding Industrials · Germany | 2003 | 2015 | – | – | – |
| IFCO Systems Logistics · Germany | 1993 | 2000 | – | – | – |
| Lacon Electronic Industrials · Germany | 2019 | 2026 | Trade Sale | Incap | – |
| Ludwig Reiter Consumer · Austria | 2010 | 2016 | – | – | – |
| Oettinger Brauerei Consumer · Germany | 1995 | 2000 | – | – | – |
| Oqema Industrials · Germany | 2014 | 2024 | Secondary | Overlack family | – |
| Pflegeheim Gruppe Healthcare · Germany | 2006 | 2023 | Trade Sale | Pflegeheim Gruppe | – |
| Rado Gummi Industrials · Germany | 2005 | 2026 | MBO | Fred Ebers | – |
| Raith Deep Tech · Germany | 2002 | 2016 | Secondary | capiton | – |
| Runners Point Consumer · Germany | 2005 | 2013 | Trade Sale | Foot Locker, Inc. | – |
| Schiller Fleisch Consumer · Germany | 2016 | 2026 | Trade Sale | Gausepohl Food Group | – |
| Schrack Technik Industrials · Austria | 2005 | 2015 | MBO | Schrack Technik management team and ILAG | – |
| technotrans Industrials · Germany | 1991 | 2004 | – | – | – |
| Teupen Maschinenbau Industrials · Germany | 2012 | 2024 | Trade Sale | Altec Industries, Inc. | – |
| Willy Vogel Industrials · Germany | 1988 | 2004 | Trade Sale | SKF Group | – |
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.
Frequently asked questions
- What investment strategy does Hannover Finanz focus on?
- Hannover Finanz focuses on Buyout, Growth strategies in the private equity space.
- How many portfolio companies does Hannover Finanz have?
- Hannover Finanz has 29 active portfolio companies and 26 completed exits and 1 fund tracked on GP Intel.
- Where is Hannover Finanz headquartered?
- Hannover Finanz is headquartered in Hannover, Germany.
- What is Hannover Finanz's assets under management?
- Hannover Finanz manages approximately €900M in assets under management.
- When was Hannover Finanz founded?
- Hannover Finanz was founded in 1979.
- What sectors does Hannover Finanz invest in?
- Hannover Finanz invests across Industrials, Business Services, Software, Healthcare.
- What are Hannover Finanz's recent exits?
- Recent realized exits by Hannover Finanz include: Lacon Electronic (2026) to Incap; Rado Gummi (2026) to Fred Ebers; Schiller Fleisch (2026) to Gausepohl Food Group; OQEMA (2024) to Overlack family; Teupen Maschinenbau (2024) to Altec Industries, Inc.; Pflegeheim Gruppe (2023) to Pflegeheim Gruppe; Franz Ziener (2022) to Ziener family; Biesterfeld (2021) to Biesterfeld family.
Similar firms
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