Hannover Finanz acquires Frey&Winkler

The buyout was leveraged at less than 50%. The sale was run as an auction process and took around three months to come to fruition. It was initiated by the founding families, as an internal succession solution for the business could not be found.

Hannover Finanz will join the company's advisory board and decided to leave the management to F&W's existing directors.

Hannover Finanz invests between €1.5-50m across all sectors in companies based in Germany, Austria and Switzerland. The firm has an average holding period of eight years and prefers to exit its investments via IPOs and trade sales.

Company
Founded in 1957 and based in Königsbach-Stein, Frey&Winkler is a medical engineering company. It provides precision parts made from plastic and metal for the optical industry and medical engineering. The company has 160 employees and last reported annual revenues of €13.3m.

People
Nico Vitense is investment manager at Hannover Finanz. Martin Boch and Martin Skopp are the managing directors of Frey&Winkler.

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• Topics
• DACH
• Buyouts
• Healthcare
• Germany