Corporate Planning Settles its Succession

12.12.2017
HANNOVER Finanz as New Majority Shareholder

CP Corporate Planning AG, founded in 1989, stands for simple and flexible software solutions for business management in the SME sector, and has now successfully completed its succession with the backing of the private equity partner HANNOVER Finanz.

With a corporate history going back almost thirty years, Corporate Planning is one of the pioneers in the German-speaking Business Intelligence market, and is today among the leaders in technology and innovation for software solutions in the field of business management. As a digitalisation partner for SMEs, Corporate Planning provides its customers with software solutions for operational and strategic management, for integrated financial planning and for consolidation. All its solutions run on an integrated technological platform.

 

HANNOVER Finanz Acquires Majority of shares

An important part of its corporate philosophy is sustainable management, a principle which it also applies to the development of its own business. Corporate Planning, together with HANNOVER Finanz, has now implemented the carefully planned arrangements for its succession. The private equity partner, based in Hanover and Vienna, is to acquire a majority of the shares from the founding partners of the Hamburg software house, and the Corporate Planning managers will themselves take a participating interest in the company. Corporate Planning currently employs 130 staff and, in addition to its headquarters in Hamburg, has offices at nine locations in Germany, Switzerland, Austria, Netherlands and the UK.

Corporate Planning is in constant dialogue with its customers and knows what is required of high-performance Business Intelligence software. Its customers receive their own complete solutions to suit their size, application focus and industry, and appreciate the company’s high level of competence in training and consulting. Corporate Planning sees opportunities for future growth in Germany and in the international arena arising from the ongoing digitalisation processes in the SME sector. These businesses need to catch up in the professionalisation of planning and reporting processes while day-to-day operations are becoming more complex, reporting standards stricter, and decision-making cycles shorter all the time.

 

Support in Strategical Growth

In view of this anticipated growth, connected with digital transformation in almost every area of the economy, the sixty-two-year-old CEO and co-founder Peter Sinn considers that the time is ripe for implementing the succession plan. “In Hannover Finanz, we have found a strong partner, and together we have come up with a forward-looking solution for our business. I am certain that Corporate Planning is being placed in excellent hands. As an investor in medium-sized companies, our new majority shareholder is familiar with our customers’ requirements and, with its network of experts, will be able to support us in our growth strategy.”

HANNOVER Finanz has long been aware of the services provided by Corporate Planning. Some of the SME companies in which the private equity partner is involved are in business with the Hamburg software house. Christian Lömker, the HANNOVER Finanz investment manager concerned, says: “We quickly got an idea of Corporate Planning’s capabilities. In doing so, we also spoke to some of the companies in our portfolio. The satisfaction rate among its customers is very high.” Jürgen von Wendorff of the executive board adds: “We, too, can see further opportunities for growth and count on the know-how of the long-standing team.”

 

The following consultants were involved in the transaction:

Buy side:
Commercial Due Diligence: Skillnet GmbH (Thomas Pabst, Axel Krieger)
Financial & Tax Due Diligence: PKF FASSELT SCHLAGE (Martin Franke, Sebastian Blaschke)
Legal Due Diligence: Deloitte Legal, Hannover (Dr. Harald Stang)

On behalf of HANNOVER Finanz, the transaction was supervised by Jürgen von Wendorff, Christian Lömker, Dr. Christina Silberberger, as well as Jörg Caesar and Jonas Anochin.

Sell side:
M&A consultant: Berenberg Private Bank (Christoph Bregulla, Christoph Lippa)
M&A consultant: concess Berlin (Ulrich Tippenhauer)
Legal: CMS Hasche Sigle (Dr. Ralph Drouven, Dr. Daniel Otte)

 

About HANNOVER Finanz Group
Independent of major corporate groups and banks, and with institutional investors in the background, HANNOVER Finanz Group, founded in 1979, can soon look back on forty years of experience. Its investments in SMEs, which are designed for the long term, are currently based on five active evergreen funds of unlimited duration. The investors are, for the most part, insurance companies and occupational pension providers. HANNOVER Finanz is involved in a wide range of industries – from traditional manufacturing through commerce to new technologies. The main reasons for its investments are the financing of growth and the corporate succession of medium-sized enterprises with annual sales amounting to least 20 million euros. Given strong opportunities for growth, the private equity partner also occasionally invests in companies with annual sales of less than that figure. In addition to majority shareholdings, HANNOVER Finanz Group is one of the few investment houses in Germany that also participate as minority shareholders.