Buy-out / succession of ownership
Entrepreneurs of mid-sized companies, especially owner-managers of family businesses, have often devoted their entire lives to their company and their industry. Nonetheless, a forward-looking businessman knows he must plan ahead for when the time comes to step down. Taking in a private equity partner is one way of assuring a smooth and satisfactory succession of ownership.
It is not always possible to hand over the reins to a member of the family. The solution may then be a management buy-out with the financial support of a private equity house. The advantages of this are clear: the new owners will already be thoroughly familiar with the company and its strengths, potential and goals.
Another possibility is a management buy-in. In this variant the company is taken over by an outside management similarly supported by an private equity partner. The MBO and MBI are also options when companies which no longer fit into the core business of a group are spun off.
HANNOVER Finanz Group has extensive experience of all these variants. In addition to providing equity, the team supports new entrepreneurs with its management know-how and the advantages of the network.
One example of a successful succession of ownership with the support of HANNOVER Finanz is technotrans AG, a supplier of system solutions in liquid technology.
|