HANNOVER Finanz acquires stake in climate tech company PAUL Tech
Hanover — A Hanover-based Deloitte Legal team led by corporate/M&A partners Dr. Harald Stang and Dr. Maximilian Habel has advised HANNOVER Finanz on its investment in PAUL Tech AG (PAUL), based in Mannheim, as part of a growth financing with a total volume of EUR 40 million.
PAUL will use the newly provided funds in particular for investments and further growth in the area of energy-saving technologies & solutions for large residential buildings. With its core product PAUL Performance, PAUL has developed a system controlled by intelligent software using AI that can reduce energy consumption and thus energy costs and CO2 taxes in buildings by up to 40 percent through permanent adaptive hydraulic balancing in real time. This also makes it possible to install heat pumps.
About HANNOVER Finanz
Founded in 1979, HANNOVER Finanz has more than 40 years of experience as an equity partner for SMEs. The private equity firm based in Hanover and with an office in Vienna is one of the first venture capital providers for the D‑A‑CH region in Germany and is an owner-managed investment company in its second generation. Well-known companies such as Fielmann, Rossmann and AIXTRON have realized their growth with equity capital from HANNOVER Finanz and taken advantage of its entrepreneurial support. Since its founding, the equity partner for SMEs has completed over 250 projects and invested over two billion euros. Investment opportunities are mainly growth financing and succession planning for solid medium-sized companies with annual sales of 20 million euros or more. In addition to majority shareholdings, the HANNOVER Finanz Group is one of the few investment companies in Germany to acquire minority interests. The portfolio currently includes 35 companies.
About PAUL Tech AG
PAUL Tech AG is the technology leader and specialist for the digital transformation of the real estate industry. PAUL uses artificial intelligence to make existing buildings climate-friendly with minimal investment and no loss of comfort for residents. Investors and operators rely on PAUL to make their properties fit for the future and competitive. PAUL currently supports over 150 companies in the real estate industry with over one hundred thousand residential units.
The Hanover-based private equity house HANNOVER Finanz has regularly relied on the expertise of the Hanover-based Deloitte Legal team for many years, as evidenced by numerous transactions involving PE investors and medium-sized companies. Following the investment in First Climate AG in spring 2022, the Deloitte Legal team was once again able to support HANNOVER Finanz with an investment in the rapidly growing market for innovative solutions and technologies to mitigate climate change. In the PAUL transaction, the Deloitte Legal team was entrusted with the legal due diligence, in particular in the areas of corporate law, labor law, commercial, IP/IT and regulatory law.
Advisor HANNOVER Finanz:
In-house: Dr. Christina Silberberger (General Counsel/Partner; lead)
Deloitte Legal: Dr. Harald Stang, Foto (Partner, Corporate/M&A), Dr. Maximilian Habel (Partner, Corporate/M&A), Johannes Passas (Partner, Commercial), Dr. Charlotte Sander (Partner, Employment Law), Gunnar Fehringer (Counsel, Real Estate), Laura Vaske (Senior Associate, Commercial), Daniela Wasseram (Senior Associate, Employment Law), Anna Bethmann (Senior Associate, Corporate/M&A), all Hanover