M&A Deal Summary

Sanhua Group Acquires Sanhua AWECO Appliance Systems

On November 29, 2012, Sanhua Group acquired manufacturer Sanhua AWECO Appliance Systems from Hannover Finanz

Acquisition Highlights
  • This is Sanhua Group’s 1st transaction in the Manufacturing sector.
  • This is Sanhua Group’s 1st transaction in Germany.

M&A Deal Summary

Date 2012-11-29
Target Sanhua AWECO Appliance Systems
Sector Manufacturing
Buyer(s) Sanhua Group
Sellers(s) Hannover Finanz
Deal Type Add-on Acquisition

Target

Sanhua AWECO Appliance Systems

Neukirch, Germany
Sanhua AWECO Appliance Systems manufactures household appliance with water bearing components. The first products in this field were water softeners and dosing devices for dish washers. Sanhua AWECO Appliance Systems was founded in 1960 and is based in Neukirch, Germany.

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Buyer(S) 1

Buyer

Sanhua Group

Shaoxing, China

Category Company
Founded 1994
Sector Manufacturing
Employees17,732
Revenue 27.9B CNY (2024)
DESCRIPTION

Sanhua Group is engaged in research and production of control components, sub-system and technological solutions applied in HVAC&R and home appliance. Sanhua Group was founded in 1994 and is based in Shaoxing, China.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Hannover Finanz

Hannover, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 700M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hannover Finanz is a private equity group that targets buyout and expansion capital investments in mid-sized 'structurally sound businesses' operating in stable and growing industries. Hannover Finanz looks for businesses with annual revenues of at least €20 million and typically commits between €15 and €50 million of equity per transaction. The Firm will consider both minority and majority investment situations/needs. Broad areas of interest include technology, life science, service, distribution, and industrial sectors. Hannover Finanz was formed in 1979 and is based in Hannover, Germany.


DEAL STATS #
Overall 8 of 29
Sector: Manufacturing M&A 3 of 5
Type: Add-on Acquisition M&A Deals 1 of 6
Country: Germany M&A 7 of 25
Year: 2012 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-24 Mackprang Holding

Hamburg, Germany

Mackprang Holding is a trading company for agricultural raw materials. Mackprang Holding was founded in 1878 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 BUFA

Oldenburg, Germany

BUFA is a medium-sized company with five operative business divisions in the fields of chemicals, polyurethanes, reactive resins, cleaning systems, and glass. BUFA was founded in 1883 and is based in Oldenburg, Germany.

Sell -