Hannover Finanz closes EUR120m evergreen fund

Fund

Hannover Finanz has closed HF Fonds X, a new evergreen fund, after two closings on EUR120m, which is the largest of Hannover Finanz to date. The fund is located in Hannover, Germany.

Investors

New investors in the fund include mid-sized insurance companies and corporate pension providers, with historical investors of the 2005 vintage fund returning to invest.

Investments

HF Fonds X can, together with other funds of the HANNOVER Finanz Group, invest up to EUR50m in equity. This enables the funds to acquire companies with a value of up to EUR150m. The fund has already closed two investments from the new fund, namely Ziemann Sicherheit GmbH and Holz-Her Reich Spezialmaschinen GmbH. The fund will typically invest in buyouts (succession, spin-off) and growth in Germany and Austria.

People

Steffen Frenzel is the project manager of HF Fund X.

Name: HF Fund X

Closed on: EUR120m

Focus: Buyout, growth, DACH

Contact: HANNOVER Finanz Gruppe

Address: Gunther-Wagner-Allee 13

30177 Hannover

Germany.

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• Topics
• Buyout
• DACH