KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) and KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG) advised the private equity fund HANNOVER Finanz GmbH (HANNOVER Finanz) on the due diligence and structuring of the acquisition of BÜHR Group.
HANNOVER Finanz, together with Lück Invest GmbH (Lück Invest), has acquired a majority stake in the BÜHR Group. KPMG Law conducted a legal due diligence in. Here, KPMG Law worked with a cross-location team primarily from the areas of labor law, construction law and corporate law. KPMG advised on the tax due diligence, tax structuring and finance due diligence with teams from Hanover, Hamburg and Frankfurt.
The BÜHR Group, based in Gerlingen, Württemberg, is a full-service provider for complex projects in technical building equipment. The group originates from the companies Klimadienst GmbH and Bühr Lufttechnik GmbH, which were founded in 1978 and 1979. In the meantime, the holding company, headed by the managing partners Christian Colonius and Klaus Franke, consists of five operationally active companies specializing in the fields of large-scale plant engineering, air-conditioning and refrigeration concepts, electrical engineering, switchgear construction as well as plant service and maintenance, and a management company that handles all commercial tasks. More than 160 employees work for the BÜHR Group at the Gerlingen site and on project construction sites throughout Germany. The company expects a total output of around 50 million euros for the current fiscal year 2021/2022.
HANNOVER Finanz joins Lück Invest as majority shareholder. The managing partners Christian Colonius and Klaus Franke remain significantly involved.
Founded in 1979, HANNOVER Finanz has been an equity partner for SMEs for over 40 years. The private equity house with headquarters in Hanover and an office in Vienna is one of the first venture capitalists for the D-A-CH region in Germany and is an owner-managed investment company in its second generation. HANNOVER Finanz’s commitments range from traditional industries to trade and new technologies. Since its foundation, the company has completed over 250 projects and invested over two billion euros. Investment opportunities are mainly growth financing and succession planning for solid medium-sized companies with annual sales of 20 million euros or more. The portfolio currently includes 33 companies.
Lück Invest is the investment company of the Lück family. Its focus is on investing in medium-sized companies in the skilled trades sector and supporting founders in setting up their own businesses.
HANNOVER Finanz Inhouse (negotiation):
Dr. Christina Silberberger (General Counsel/Partner, Hanover)
Advisor to HANNOVER Finanz, Legal Due Diligence:
KPMG Law Rechtsanwaltsgesellschaft mbH: Dr. Christian Nordholtz (partner, co-lead), Dr. Dimitri Immermann (Manager), Frederik Wesch (Senior Associate),
Marlon Wehrenberg
(Associate) all Hanover, all Corporate/M&A;
Dr. Martin Trayer
(Partner, Frankfurt),
Jens Helbich
(Senior Associate, Hanover), both labor law;
Dr. Torsten Göhlert
(Partner, Dresden),
Dimitrios Rouskas
(Senior Associate, Hamburg), both Construction Law.
Advisor to HANNOVER Finanz, tax due diligence and structuring:
KPMG AG Wirtschaftsprüfungsgesellschaft (Tax), Germany: Julius Ebrecht (Partner, Co-Lead), Ralph Hack (Senior Manager), both Frankfurt; Serjoscha Keck (Partner), Arne Dettling (Senior Manager), both Hanover.
Advisor to HANNOVER Finanz, Finance Due Diligence:
KPMG AG Wirtschaftsprüfungsgesellschaft (Finance), Germany: Torben Kiemann (Partner, Co-Lead), Bernd Reineke (Assistant Manager), Levke Salander (Associate) all Hanover; Frank Mäder (Director, Hamburg).
