Ashurst advises HANNOVER Finanz on financing for acquisition of HUBERS

Ashurst advised German private equity investor HANNOVER Finanz on the financing for the acquisition of mechanical engineering company HÜBERS. The parties have agreed to keep the purchase price confidential. The acquisition financing has been provided by a consortium of banks.

HANNOVER Finanz, founded in 1979, has more than 40 years of experience as an equity capital partner for medium sized enterprises. The private equity company based in Hanover and with an office in Vienna was one of the first venture capitalists in Germany and the German-speaking region. It is a second generation owner-managed investment company. Since its foundation, over 250 projects have been completed and over €2bn invested. The reasons for investment are mainly to finance growth and corporate succession in sound medium sized businesses with annual sales of at least 20 million euros. The portfolio currently comprises 40 companies.

Based in Bocholt / North Rhine-Westphalia, HÜBERS is an internationally operating, medium-sized mechanical engineering company with around 125 employees. It is the leading supplier in the field of cast resin processing for the electrical engineering, electronics, automotive, medical technology, renewable energy and aerospace industries, among others. Since its foundation in 1937, HÜBERS has become a pioneer and is one of the world’s leading companies in embedding, infusion and impregnation technology. To date, HÜBERS has supplied around 3,500 machines and systems to 60 countries. The company’s global network consists of its own sales and service subsidiaries in China and Japan, and commercial agencies worldwide. 

The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer and transaction lawyer Ariana Fazlic (all Global Loans, Munich).

Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.