Hannover Finanz sells Koller to Nanjing Nangang

The transaction brings to an end a holding period of almost three years for Hannover Finanz, which acquired a 75% stake in the company at the end of 2014.

Under Hannover Finanz's stewardship, Koller opened new facilities in Germany as well as a new plant in Mexico.

It is the first overseas transaction for Nanjing Nangang and the first in this sector for Fosun. The acquirer plans to expand Koller's operations in China and other Asian markets.

Previous funding
In 2014, Hannover Finanz acquired a 75% stake in car components supplier Koller as part of a replacement capital transaction. The GP bought a portion of the shares owned by the Koller family, who retained a 25% stake in the company. HF Fonds VII, IX and X all participated, as well as Commerz UBAG, WeHaCo and GBK Beteiligungen. The expansion capital was to be used for the company's latest new plant.

Company
Koller was founded in 1994 by Max and Thomas Koller. It is a car components supplier located in Dietfurt. Koller focuses on providing parts for manufacturers that are looking to reduce energy consumption and pollutant emissions by reducing the weight of the car. Koller now has manufacturing works in Pécs in Hungary, and further facilities in Schwaig, Parsberg and Lupburg in Germany, and in Pueblo, Mexico.

People
Hannover Finanz – Frank Löffler (investment manager).
Fosun International – Guo Guangchang (chairperson).
Nanjing Nangang Iron & Steel United – Huang Yixing (chairperson).
Koller Group – Max Koller (CEO).

Advisers
Equity – Latham & Watkins, Burc Hesse (legal); PwC, Martin Schwarzer (M&A). 

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