Hannover Finanz

Focus

STAGES

GrowthBuyout

SECTORS

Industrial & ManufacturingSoftware & SaaSHealthTechConsumer & E-commerce

ASSET MIX

Private equityPrivate credit

GEOGRAPHY

GermanyAustriaSwitzerland

Investment arms & vehicles

• HF Equity
  Equity financing for Mittelstand companies (majority and minority stakes) via evergreen funds
• HF Opportunities (HFO)
  Special situations / distressed private equity; manages the HFO Deutschland Fonds
• HF Debt GmbH
  Private debt for small companies; exclusive adviser to two Luxembourg-domiciled funds

Overview

Hannover Finanz was founded in 1979 as a wholly owned subsidiary of the HDI insurance group and became independent through a management buy-out in 1993; it is now led by Goetz Hertz-Eichenrode, son of founding managing director Albrecht Hertz-Eichenrode. Its capital comes mainly from German institutional investors such as insurers, banks and professional pension schemes (Versorgungswerke), plus wealthy private investors. The group operates through HF Equity (majority and minority equity stakes, evergreen funds), HF Opportunities (special situations, since 2023) and HF Debt (private debt, since 2017), with offices in Hannover, Frankfurt and Vienna. Since inception it has completed more than 250 investments totalling over €2 billion, including Fielmann, Rossmann and AIXTRON.

Investment thesis

Growth financing and succession for established Mittelstand companies in the DACH region with at least €20m revenue and enterprise values of €20–100m, often market leaders in niches such as IT services, software, advanced industrials, medical technology and business services; majority and minority stakes, buy-and-build, spin-offs and special situations, with long holding periods via evergreen funds.

PORTFOLIO (100)

• Aixtron SENOTABLE
• Dirk Rossmann GmbHNOTABLE
• Fielmann AGNOTABLE
• Hirschvogel Holding GmbHNOTABLE
• Willy Vogel AGNOTABLE
• 8com
  since 2025
• ACHAT Hotel-und Immobilienbetriebsgesellschaft mbH
• AGROLAB GmbH
• aleo solar AG
• AMC AG – Advanced Methods of Coating
• Appmatics GmbH
  since 2023
• Astyx GmbH
• ATEC Pharmatechnik GmbH
• AUBEMA Crushing Technlogy GmbH
• AWECO APPLIANCE SYSTEMS GmbH & Co. KG
• BAG Health Care GmbH
• Biesterfeld AG
• BOS GmbH & Co. KG
• Bäckerei Moos GmbH
• BÜFA GmbH & Co. KG
• Bühr Gruppe
• Cemecon AG
• CP Corporate Planning AG
• De Maekelboerger Neubrandenburger Back- und Konditoreiwaren GmbH & Co. KG
• Denios AG
• Dental Direkt GmbH
• Deurotech Group
• DICOM International AG
• Ecoroll AG
• EMAG Maschinenfabrik GmbH
• Eschenbach Optik GmbH
• EXCON Services GmbH
• F&W Frey & Winkler GmbH
• FAIST ChemTec GmbH
• FINVIA Holding GmbH
• First Climate AG
• Flender AG
• Flexa Holding GmbH
• FMW Anlagentechnik GmbH
• Franz Ziener GmbH & Co. KG
• FRIGOBLOCK Grosskopf GmbH
• HANNOVER HL Leasing GmbH & Co. KG
• Hansa Meyer Global Holding GmbH
• Henkelhausen Holding GmbH
• Hubert Schlieckmann GmbH
• Hübers Verfahrenstechnik Maschinenbau GmbH
• Hübner Elektromaschinen GmbH
• IFCO SYSTEMS GmbH
• Industrie Holding Isselburg GmbH
  Exited
• InteraDent Zahntechnik AG
• Interpane Glas Industrie AG
• IPR – Intelligente Peripherien für Roboter GmbH
• IS Inkasso Service GmbH
• KAPPA opto-electronics GmbH
• Katec Kanaltechnik Müller & Wahl GmbH
  since 2025
• Keymile International GmbH
• Koller Gruppe
• Kretz + Wahl GmbH & Co. KG
• Köhler Automobiltechnik GmbH
• Lacon Electronic GmbH
• LEWAG AG
• Ludwig Reiter GmbH
• Löwenstark Digital Group GmbH
• Lück Holding GmbH
• Mackprang Holding GmbH & Co. KG
• Markenfilm GmbH & Co. KG
• Media-Concept Bürobedarf GmbH
• melvo GmbH
• Miles Fashion GmbH
• Mobilcom Holding GmbH
• Moeschter Group GmbH
• MPA Pharma GmbH
• MTH Metall Technologie Holding GmbH
• Nolte GmbH
• Oettinger Brauerei GmbH
• OQEMA AG
  Exited
• Paper + Design GmbH tabletop
• PAUL TECH AG
• PEAK Technology GmbH
  since 2024
• Peter Butz GmbH & Co. Verwaltungs-KG
• Pflegeheim Gruppe
• pitti Holding GmbH
• Rado Gummi GmbH
  Exited
• Raith GmbH
• Rohrsanierung Jensen GmbH & Co. KG
  since 2025
• RUNNERS POINT Warenhandelsgesellschaft mbH
• Schiller Fleisch GmbH
• Schneider Versand GmbH
• Schrack Technik Holding AG
• Signalbau Huber GmbH
• Spectral Audio Möbel GmbH
• technotrans AG
• Teupen Maschinenbau GmbH
• VEMAG Maschinenbau GmbH
• Wandel & Goltermann Management Holding GmbH
• WIG GmbH
• WMU Wärmebehandlungsanlagen für Industrie und Umwelttechnik GmbH
• Wofi Leuchten GmbH
• Zeeh Design GmbH
• Ziemann Sicherheit Holding GmbH

People

• Goetz Hertz-Eichenrode
  Managing Partner; spokesman of the management board · source
• Robert Pauli
  Managing Partner · source
• Sascha Haghani
  Managing Partner · source
• Götz Meyer
  Managing Partner (Managing Director since Feb 2026) · source
• Joachim von Lohr
  Investment Partner · source
• Frank Löffler
  Investment Partner · source
• Christian Lömker
  Investment Partner · source
• Mirco Thelen
  Investment Partner · source
• Martin Walka
  Investment Partner · source
• Christian Hiersemann
  Operating Partner & Head of Value Creation Team · source
• Georg Krasser
  Investment Director · source
• Janik Möhlmann
  Director · source
• Mario Puclin
  Director · source
• Malte Jacobsen
  Investment Manager · source
• Wolfgang Bartels
  Director · source
• Lennart Lücke
  Associate · source
• Luca Weinberger
  Investment Analyst · source
• Steffen Frenzel
  Partner Accounting · source
• Larissa-Patricia Naue
  Partner People Excellence · source
• Hilke Schmitt
  General Counsel · source
• Philipp Hartmann
  Head of Finance · source
• Hermann Reitze
  Managing Director, HF Opportunities · source
• Gerd Sievers
  Managing Director, HF Opportunities · source

Links

• Website
• Official contact page

Frequently asked questions