Investment Summary

Hanover Investors Invests In Blancco Technology Group

On January 1, 2011, distressed investor Hanover Investors invested in consumer services company Blancco Technology Group

Investment Highlights
  • This is Hanover Investors’ 1st transaction in the Consumer Services sector.
  • This is Hanover Investors’ 3rd transaction in the United Kingdom.
Investment Fate
  • Blancco Technology Group was sold to a financial buyer in 2023 for 175M EUR.

Investment Summary

Date 2011-01-01
Target Blancco Technology Group
Sector Consumer Services
Investor(s) Hanover Investors
Deal Type PIPE

Target

Blancco Technology Group

Bishop's Stortford, United Kingdom
Blancco Technology Group provides after-sales services for consumer technology companies worldwide. Blancco Technology Group was founded in 1997 and is based in Bishop's Stortford, the United Kingdom.

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Investor(S) 1

Investor

Hanover Investors

London, United Kingdom

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Hanover Investors is a private investment firm that targets distressed and other turnaround situations. Hanover typically invests where underperformance can be attributed to company-specific operating issues, rather than to market or sector weakness. Often these situations are created by some combination of inadequate capital, unsuccessful acquisitions, misallocation of resources, loss of shareholder confidence or ineffective restructuring. Hanover will invest in public market securities, as well as invest in leveraged buyouts and recapitalizations of private companies. The Group's target investment size is £1 to £25 million per transaction. Hanover was formed in 2002 and is based in London.


DEAL STATS #
Overall 3 of 11
Sector: Consumer Services M&A 1 of 1
Type: PIPE M&A Deals 3 of 3
Country: United Kingdom M&A 3 of 7
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-13 Elementis

London, United Kingdom

Elementis is a specialty chemical company that operates in two segments, Performance Specialties and Personal Care. Elementis was incorporated in 1844 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Kalibrate

Manchester, United Kingdom

Kalibrate is a provider of services to the fuel retail industry and is the only global provider of both fuel pricing and retail network planning software and services. Kalibrate was founded in 1993 and is based in Manchester, United Kingdom.

Buy -