Hannover, June 3, 2019
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) provided legal advice to HANNOVER Finanz GmbH on the acquisition of a majority stake in Lacon Group.
Private equity investor HANNOVER Finanz GmbH will take over 70 percent of the shares in the Lacon Group, a manufacturer and service provider for electronic assemblies and systems with registered office in Karlsfeld near Munich. The previous 100% shareholders of the Lacon Group will stay involved with the company by way of an owner buy-out with a quota of 30 percent. The parties agreed to not disclose the purchase price.
The Lacon Group develops, optimizes and manufactures electronic and electromechanical assemblies and devices. It operates both in the capital goods business and in the rapidly growing IoT market. More than 500 employees work for the company in Germany and Romania.
HANNOVER Finanz is an investment company focusing on small and medium-sized enterprises. Founded in 1979 and with its registered offices in Hannover and Vienna, the company manages investment capital of more than 700 million euros. The investment portfolio comprises more than 40 companies in Germany and Austria.
PwC network law firm D&B David si Baias advised on the Romanian part of the transaction.
Advisors HANNOVER Finanz GmbH:
Dr. Christina Silberberger (General Counsel; Lead; Corporate/M&A)
PwC Legal (Stuttgart/Düsseldorf):
Dr. Steffen Schniepp, Dr. Thomas Wenninger, Alexander Schmidt, Karsten Horch, Michael Häupler, Helena Schoch (all Corporate/M&A); Carmen Meola, Dr. Vera Hiller, Stefanie Spatz (Employment law)
D&B David si Baias (Bucharest):
Anda Rojanschi, Adina Oprea, Adriana Popa, Raluca Borsan
About PwC Legal:
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 230 lawyers at 18 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work.
PwC Legal is a member of the worldwide PwC Legal network, with more than 3,200 lawyers offering their services in 90 countries worldwide.
About the HANNOVER Finanz Group:
Independent of corporations or banks and with institutional investors in the background, the HANNOVER Finanz Group, founded in 1979, has more than 40 years of experience. The private equity house with headquarters in Hanover and Vienna was one of the first venture capitalists in Germany. Well-known companies such as Fielmann, Rossmann and AIXTRON have realized their growth with equity capital from the HANNOVER Finanz Group and have taken advantage of the entrepreneurial support provided. The Group also invests in the event of corporate succession and in spin-offs structured as medium-sized companies. The basis of the long-term investments in medium-sized companies are its five active evergreen funds with unlimited duration. The investors are mainly insurance companies or professional pension funds. The investment portfolio of HANNOVER Finanz ranges from traditional industries to trade and new technologies. Since its foundation, the equity partner for medium-sized companies has grown continuously and with it the number of successfully completed investments. The main reasons for investment are growth financing and succession planning for solid medium-sized companies with annual sales of EUR 20 million or more. In addition to majority interests, the HANNOVER Finanz Group is one of the few investment companies in Germany which also acquires minority interests.