Corestate Capital Holding, a fully integrated investment manager and co-investor, in December 2016, announced the acquisition of a 94.9% stake in Hannover Leasing including Hannover Leasing Group’s affiliates. Completion of the transaction was subject to the conclusion of owner control procedures by BaFin which has been completed now. BaFin advised that there are no reasons for prohibition of the acquisition. Therefore the transaction can be closed in early July this year. The sellers are essentially the majority shareholders, Landesbank Hessen-Thüringen Girozentrale (Helaba) and Hessisch-Thüringische Sparkassen-Beteiligungsgesellschaft (HTSB). Helaba will remain as a minority shareholder with a 5.1% stake in Hannover Leasing Group.
Sascha Wilhelm, CEO of Corestate: “The acquisition of Hannover Leasing represents an appealing blend of contractually secured, long-term asset management returns and great potential for new business. We are expanding and diversifying our product range and improving our access to new sources of capital. Axel Wieandt consults us on matters of post-merger integration of Hannover Leasing into the Corestate Group."
Thomas Groß, Vice-Chairman of the Board of Directors of Helaba: "We are pleased that Corestate opens up a new strategic perspective for the investment fund business of Hannover Leasing and intends to continue managing the existing investment funds of the company in a responsible manner."
