22.10.2014 • News • Private Equity • Biesterfeld • Birger Kuck

Hannover Finanz Takes 28.6% in Biesterfeld Holding

Private equity investor Hannover Finanz Group has taken a 28.6% share of Biesterfeld AG, the holding company for German chemicals and plastics distributor Biesterfeld Group.

The remaining shares will continue to be held by Biesterfeld's wealth management arm, Biesterfeld Vermögensverwaltung.

Since January 2011, Hannover Finanz has been a silent partner in the wealth management company.

Birger Kuck, CEO of the family-owned distributor, said the participation of the private equity company - which goes hand in hand with a capital increase - "allows future growth of the group and sustainably strengthens its equity position."

Innovation Pitch

Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Special Issue

Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.