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Hannover Finanz

Hannover Finanz

Hannover, Germany·Founded 1979··hannoverfinanz.de

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.

AUM
€900M
Funds
1
vintages 1991
Portfolio
29
Exits
26

Hannover Finanz is a Hannover buyout firm with €900M AUM, 29 active companies and 26 exits.

Key takeaways
  • ·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 companies
Industrials
17 · 31%
Consumer
10 · 18%
Business Services
6 · 11%
Deep Tech
2 · 4%
Software
2 · 4%
Mobility
2 · 4%
MedTech
2 · 4%
Aerospace & Defence
2 · 4%

Geography breakdown

2 geographies
Germany
52 · 95%
Austria
3 · 5%

Key facts

HQHannover, Germany
Founded1979
Employees30+

Recent exits

Lacon Electronic

Hannover Finanz sold Lacon Electronic to Incap in 2026 after 7 years.

Rado Gummi

Hannover Finanz sold Rado Gummi to Fred Ebers in 2026 after 21 years.

Schiller Fleisch

Hannover Finanz sold Schiller Fleisch to Gausepohl Food Group in 2026 after 10 years.

OQEMA

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.

1 fund
Hannover Finanz Evergreen FundActive
Buyout199129 assets26 exits

Unrealized

29 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Aixtron
Deep Tech · Germany
19892010IPO––
aleo solar
Energy · Germany
20052009Trade SaleRobert Bosch GmbH–
Astyx
Mobility · Germany
20002017Trade SaleZF Friedrichshafen–
Biesterfeld
Industrials · Germany
20112021SecondaryBiesterfeld family–
CP Corporate Planning
Software · Germany
20172021Trade SaleproALPHA Group–
Denios
Industrials · Germany
19902005–––
Dirk Rossmann
Consumer · Germany
19802002Trade SaleA.S. Watson Group–
EMAG Maschinenfabrik
Industrials · Germany
19982010–––
Eschenbach Optik
Consumer · Germany
19992007SecondaryBarclays Private Equity–
Fielmann
Consumer · Germany
19821992–––
Franz Ziener
Consumer · Germany
20122022SecondaryZiener family–
Hirschvogel Holding
Industrials · Germany
20032015–––
IFCO Systems
Logistics · Germany
19932000–––
Lacon Electronic
Industrials · Germany
20192026Trade SaleIncap–
Ludwig Reiter
Consumer · Austria
20102016–––
Oettinger Brauerei
Consumer · Germany
19952000–––
Oqema
Industrials · Germany
20142024SecondaryOverlack family–
Pflegeheim Gruppe
Healthcare · Germany
20062023Trade SalePflegeheim Gruppe–
Rado Gummi
Industrials · Germany
20052026MBOFred Ebers–
Raith
Deep Tech · Germany
20022016Secondarycapiton–
Runners Point
Consumer · Germany
20052013Trade SaleFoot Locker, Inc.–
Schiller Fleisch
Consumer · Germany
20162026Trade SaleGausepohl Food Group–
Schrack Technik
Industrials · Austria
20052015MBOSchrack Technik management team and ILAG–
technotrans
Industrials · Germany
19912004–––
Teupen Maschinenbau
Industrials · Germany
20122024Trade SaleAltec Industries, Inc.–
Willy Vogel
Industrials · Germany
19882004Trade SaleSKF 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.
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Last updated August 2026 · Sourced from public filings · Report an issue