Ely Place Partners Limited (“Ely Place”) is pleased to announce that it acted as exclusive financial adviser to Hohnhaus & Jansenberger Gruppe (“Hohnhaus & Jansenberger”) on a single asset secondary, following a strategic change of direction by an original cornerstone LP.
Hohnhaus & Jansenberger is owned and run by Munich based entrepreneurs, Dr. Wolfgang Hohnhaus and Peter Jansenberger, and their strategy is to acquire businesses and develop them further by taking on managing director positions. The secondary transaction centred on medifa healthcare group (“medifa”), a leading medical technology company based in Germany. The transaction facilitates a full divestment of the portfolio by Hohnhaus & Jansenberger, generating a strong return for the fund.
Dr Wolfgang Hohnhaus, Managing Partner at Hohnhaus & Jansenberger and co-CEO at medifa, commented: “Ely Place were instrumental in enabling us to execute this highly complex transaction, which involved managing the objectives of multiple stakeholders in addition to addressing the challenges presented by an uncertain financial climate. We are thrilled that our new co-investor, Yielco Investments, is now on board with us, and we look forward to the exciting developments ahead.”
Daniel Roddick, Founder at Ely Place, said: “This was a complex GP-led transaction which commenced just as the world was entering lockdown. We are delighted however that Hohnhaus & Jansenberger have now secured the backing of a prominent LP and positioned themselves well for their future fundraising”.