PwC Legal advises HANNOVER Finanz on acquisition of majority stake in Lacon Group
Hannover, June 3, 2019
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) provided legal advice to HANNOVER Finanz GmbH on the acquisition of a majority stake in Lacon Group.
Private equity investor HANNOVER Finanz GmbH will take over 70 percent of the shares in the Lacon Group, a manufacturer and service provider for electronic assemblies and systems with registered office in Karlsfeld near Munich. The previous 100% shareholders of the Lacon Group will stay involved with the company by way of an owner buy-out with a quota of 30 percent. The parties agreed to not disclose the purchase price.
The Lacon Group develops, optimizes and manufactures electronic and electromechanical assemblies and devices. It operates both in the capital goods business and in the rapidly growing IoT market. More than 500 employees work for the company in Germany and Romania.
HANNOVER Finanz is an investment company focusing on small and medium-sized enterprises. Founded in 1979 and with its registered offices in Hannover and Vienna, the company manages investment capital of more than 700 million euros. The investment portfolio comprises more than 40 companies in Germany and Austria.
PwC network law firm D&B David si Baias advised on the Romanian part of the transaction.
Advisors HANNOVER Finanz GmbH:
Dr. Christina Silberberger (General Counsel; Lead; Corporate/M&A)
PwC Legal (Stuttgart/Düsseldorf):
Dr. Steffen Schniepp, Dr. Thomas Wenninger, Alexander Schmidt, Karsten Horch, Michael Häupler, Helena Schoch (all Corporate/M&A); Carmen Meola, Dr. Vera Hiller, Stefanie Spatz (Employment law)
D&B David si Baias (Bucharest):
Anda Rojanschi, Adina Oprea, Adriana Popa, Raluca Borsan
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