TRANSACTION

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May 2019

Lacon Electronic GmbH Brings HANNOVER Finanz On Board

Hanover/Karlsfeld, May 28, 2019. The HANNOVER Finanz Group has become the majority shareholder (70%) of Lacon Electronic GmbH; the three-member management team is reinvesting with a 30% stake (owner buyout). Androschin & Partner (A&P) advised on the transaction and conducted commercial due diligence on behalf of HANNOVER Finanz.

INVESTOR

HANNOVER Finanz Gruppe

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TARGET

Lacon Electronic GmbH

Headquarters
Dachau (Germany)
Founded
1985
Employees
>500
Additional Information
Revenue: ~55 million euros
Transaction
Majority stake (70%) as part of an owner buyout; management reinvests with a 30% stake

ABOUT THE COMPANY

Lacon Electronic GmbH

Lacon Electronic, founded in 1985 in Dachau, is an EMS (Electronic Manufacturing Services) manufacturer specializing in mechatronics. With more than 500 employees at two locations in Germany and Romania, the company develops, optimizes, manufactures, and repairs electronic and electromechanical assemblies; its most recent revenue was approximately 55 million euros.

ABOUT THE INVESTOR

HANNOVER Finanz Gruppe

Founded in 1979, the HANNOVER Finanz Group is an owner-managed equity partner for small and medium-sized enterprises, with offices in Hanover and Vienna.

OUR ROLE

Commercial Due Diligence

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