The investment, which is still subject to merger control clearance, was made jointly with Solidus Partners LLP, the vehicle of Philippe Graf von Stauffenberg.
H.I.G. completed the acquisition of a majority stake of Hanlo through the newly founded Green Building Group GmbH, which aims to become a European leader in the sector through internal growth and further acquisitions. Together with the brand Bau mein Haus, Hanlo will continue to build houses, retirement homes and nurseries.
Dr. Wolfgang Marka, a seasoned manager with years of experience in the prefabricated construction industry, has been appointed CEO of Green Building Group. He will work closely with Phillippe von Stauffenberg and the company’s existing management team at sites in Austria and Germany (Freiwalde and Ziesar). Hanlo founder Hanno Loidl will remain active in an advisory role.