Binder Grösswang Advises Hannover Finanz on Growth Funding and Acquisition of Shares in PEAK Technology
Summary
Binder Gr\xf6sswang advised the private equity investor Hannover Finanz on an acquisition of shares in PEAK Technology GmbH, based in Holzhausen/Linz, within the framework of a EUR 10 million growth funding transaction. PEAK Technologys customers in this business area include international actors of the aerospace sector (e.g. ESA, Airbus Defence & Space, Isar aerospace), for which the company develops customized solutions of high technological quality.The Binder Gr\xf6sswang deal team comprised Philipp Kapl (partner, corporate/M&A), Roswitha Seekirchner (attorney, corporate/M&A) and Matija Bernat (associate, corporate/M&A). The private equity house, which is based in Hannover and has an office in Vienna, was one of the first venture capitalists in the DACH region and is a second-generation owner-managed investment company. Well-known businesses such as Fielmann, Rossmann and AIXTRON have realized their growth with equity capital from Hannover Finanz and benefitted from the entrepreneurial support provided. In recent years, the company has been attracting attention due to its participation in the development projects for the Vega-E and the Galileo satellite system of the ESA.