HANNOVER Finanz and E.I.S. Aircraft Products and Services GmbH announce:
E.I.S. Aircraft takes HANNOVER Finanz on board
Hanover, 19. 12. 2019 – The equity capital partner HANNOVER Finanz Group has acquired a majority shareholding in the supplier for the aviation industry and takes over all shares held by the previous majority shareholder EQT. In the course of the transaction, E.I.S. Aircraft Products and Services GmbH, based in Euskirchen, is reorganizing its shareholder structure. The management is also taking a stake in the long-established company, which was founded in 1953, as part of a management buyout. The transaction has been completed by the end of 2019. The parties have agreed not to disclose the purchase price.
E.I.S. Aircraft is an established developer and manufacturer of custom components and services for civil aviation. Its customers include the “Who’s Who” of the international aviation industry. More than 280 employees at three locations offer services individually tailored to the wishes and requirements of customers and meet the highest quality standards.
HANNOVER Finanz has acquired all the shares held by the Swedish financial investor EQT, which invested in E.I.S. Aircraft Products and Services in 2015. EQT has created the basis for future growth by professionalizing the management team, expanding the product range and increasing the customer base.
HANNOVER Finanz now sees opportunities for further internationalization of the company. In addition to its headquarters in Euskirchen, the supplier to the aviation industry has so far been represented exclusively by other branches in Lemgo and Munich.
Frank Löffler, the partner at HANNOVER Finanz responsible for the company, comments as follows: “We have many years of experience in acquiring companies from an initial investor. Together with the management, we will further develop the company and sound out where internationalization is worthwhile.”
Sven Achilles, the CEO of E.I.S. Aircraft, who has more than 20 years of experience in the aviation industry, comments on the transaction: “When EQT sold the shares, it was important to us and our previous owner that our new majority shareholder should be a financial investor who shares our vision and can accompany the development of the company in the long term. We are delighted to have gained HANNOVER Finanz Group as an entrepreneurial partner with over 40 years of experience in the long-term support of medium-sized companies.”
HANNOVER Finanz’s deal team worked with the following advisors during the transaction: Deloitte GmbH (Financial and Tax Due Diligence), Roland Berger GmbH (Commercial Due Diligence), Deloitte Legal GmbH (Legal Due Diligence), and Yellow Birds Consulting GmbH & Co. KG (Operational & Organizational Due Diligence).
In this transaction, the deal team of HANNOVER Finanz GmbH included Goetz Hertz-Eichenrode, CEO, Frank Löffler and Markus Mönkhoff, both Partners, Dr. Christina Silberberger, Partner and General Counsel, Rüdiger Pohl, Investment Manager, and Katja Kreutzer, Investment Analyst.
About E.I.S. Aircraft Products and Services GmbH
E.I.S. Aircraft can look back on more than 60 years of experience in aviation. Two main business units “Products” and “Services” cover a comprehensive range of services along the entire value chain: from conceptual and detailed design to program management, and production and aftermarket support.
The “Products” division supplies a comprehensive range of products for aircraft interiors such as window frames, stowage facilities, class dividers, curtain systems and crew rest arrangements made of various materials such as plastic injection moulding, composites, metal or fabric. The “Services” portfolio includes base and line maintenance, MRO of cabin components and the reconditioning and overhaul of aircraft interior products. In addition, E.I.S. Aircraft assists its customers with AOG support and aftermarket service including spare parts supply.
Contact: Carina Schlösser, Sales & Marketing, E.I.S. Aircraft Products and Services GmbH, Kolumbusstr. 31, D-53881 Euskirchen, Email: firstname.lastname@example.org, Tel.: (02251) 7738-0, Fax: (02251) 7738-5910, Internet: www.eis-group.de
About the HANNOVER Finanz Group
The HANNOVER Finanz Group, founded in 1979 and backed by institutional investors, has more than 40 years of experience as an investor independent of banks or corporate groups. The private equity house based in Hanover and Vienna was one of the first venture capitalists in Germany. Well-known companies such as Fielmann, Rossmann and AIXTRON have achieved their growth with equity capital from the HANNOVER Finanz Group and have taken advantage of the entrepreneurial support provided. The Group also invests in the event of corporate succession and in medium-sized carve-outs and spin-offs. The long-term investments in medium-sized companies are based on the currently five active Evergreen funds with unlimited maturity dates. The investors are mainly insurance companies or professional pension funds. HANNOVER Finanz’s commitments range from traditional industries to commerce and new technologies. Since its foundation, the equity partner for medium-sized companies has grown continuously and with it the number of successfully completed investments has also grown. The reasons for involvement are mainly to finance growth and corporate succession in sound medium sized businesses with annual sales of at least 20 million euros. The HANNOVER Finanz Group is one of the few private equity houses in Germany to take on minority as well as majority shareholdings.
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Jantje Salander, Head of Corporate Communications
HANNOVER Finanz Gruppe | Günther-Wagner-Allee 13 | D-30177 Hannover
Tel.: (0511) 2 80 07-89 | Mobile: (0160) 6 33 72 04 | Fax: (0511) 2 80 07-33 89
Email: email@example.com | Internet: www.hannoverfinanz.de