Hannover Finanz

GP has acquired a 64% stake in the dental laboratory supplier as part of a succession solution

GP bought a majority stake in the corporate planning software developer in 2017 in a succession solution deal

Mittelstand-focused GPs aim to support the online marketing firm's growth and succession planning

Robert Pauli previously spent nearly two decades at Nord Holding

Exit follows the 2018 sale of the group's Aircraft Operations division

Hannover Finanz first invested in Biesterfeld in 2011 in the form of a silent partnership

Hannover Finanz targets medium-sized enterprises with annual sales of at least €20m

Company's 82-year-old founder Klaus Zeeh retains a minority stake in the business

GP takes a 30% stake and founder Konrad Kreid retains the remaining 70% of shares

Deal ends a three-year holding period for Hannover Finanz, which acquired a 75% stake in 2014

German GP acquires an 80% stake while Finexx and the management team will retain a 10% holding each

Goetz Hertz-Eichenrode will take the lead of the firm from November 2017

Spie looks to expand its mechanical and electrical services capabilities in Germany