2023-05-15 17:00:09
Ups and downs – that’s what private equity is used to. Business prices are currently falling.
Image: obs
Business prices have fallen – and continue to fall. The financial investor Hannover Finanz is therefore planning more acquisitions than sales for this year, as its board spokesman says in the FAZ interview.
In the private equity industry, Hannover Finanz sees the current year as a year of buyers – and is also in advanced takeover negotiations. “You already have a buyer’s market,” said board spokesman Goetz Hertz-Eichenrode in the FAZ interview: “This year is probably more the year of acquisitions than the year of sales.” The finding is supported by the number of investment transactions that Hannover Finanz have been offered so far this year.
“We have a project entry that is more than 60 percent higher than the same period last year,” said Hertz-Eichenrode in a video call: “We are also currently in the exclusivity and due diligence phase of two transactions – so we are confident that that we can announce the first transactions in the first half of the year or at the beginning of the second half of the year.” In both cases, it is about minority interests. Hannover Finanz is also in talks about classic succession arrangements.
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