News


Hansgrohe SE

At the beginning of March 2014 the shareholders meeting of Hansgrohe SE appointed Klaus Jaenecke to the Supervisory Board. With the announcement of the retirement of Klaus Grohe (78), he has been elected to the chair on April 15, 2015. 

The sanitary manufacturer from the Black Forest, founded in 1901, is one of the few global players in the sanitation sector with ten production sites and offices in 45 countries. In 2016 the group employed 4,800 people worldwide and had sales of 1,029 million Euros and an ebitda margin exceeding 20%. The Hansgrohe and Axor brands enjoy a global reputation and stand for design oriented high quality products. The capital of the European stock corporation is held by the American Masco Corp. (68%) which first invested in Hansgrohe 30 years ago and secondly by the founding Grohe family (32%). 

Leading companies in transition is one of our focus areas.



 

 

27 February 2015. RAG Foundation, Essen has taken over 100% of the share capital of the infra-structure specialist RÖDER Zeltsysteme und Service AG from the Swiss Zurmont Madison Group. 

With the first announcement of a squeeze-out request in December 2013 the wheels were set in motion to take the company off the stock exchange. A technically complex and emotional process which culminated in the extraordinary shareholders meeting in May 2014 which voted in favor of the motion. The shares were officially delisted in July 2014. In November 2014 the sale of 100% of the company to this long term industrial investor was announced. The transaction has now received all relevant approvals and closed. 

Klaus F. Jaenecke, served as chairman of the supervisory board for over two and a half years and accompanied this transition process which culminated in the best year of Röder's business history.

Together with the Zurmont Madison partner, Kurt Hitz, he now resigned his mandate as supervisory board member and chairman at the closing date.

 

 
As of January 1, 2015 the Austrian Wintersteiger AG  will take over Paul Ernst Maschinenfabrik GmbH in Eschelbronn, Germany.

Paul Ernst Maschinenfabrik is a specialist for sheet metal deburring machines, edgerounding and oxid removal. It is an excellent strategic fit with Kohler Maschinenbau GmbH, Lahr a world leader in levelling technology owned by Wintersteiger. 

Klaus F. Jaenecke, the vice chairman of the Wintersteiger AG supervisory board since 2009, adds his expertise in strategic acquisition management and M&A execution to the expansion policy of the group.

 

 

 

Zeal

TIPP24 SE renamed Zeal Network SE                  

Our long-term support of the firm in the area of corporate governance and M & A continues. Tipp24 SE is taking the next step in its development by renaming the company ZEAL Network SE. The name change reflects the company's wider strategic focus which has expanded over the past few years beyond the original consumer-facing business.


Jaenecke & Cie. arranged and implemented the acquisition of a share in Geonomics Global Games Ltd., a provider of geo-based online lotteries in England und Canada, thereby laying the cornerstone for further international expansion. The original minority particpation was increased to 100% ownership in March 2016, advised by us.

The complex and unprecedented endeavor of transferring the seat of the Frankfurt listed Tipp24 SE to London was completed on February 7, 2014. This marks the first time a German public company has transferred its registered office to another EU member state in application of Article 8 of the SE Regulation. Retaining its governance structure of an executive and supervisory board, Tipp24 SE has become the first British Societas Europaea (European Stock Company – SE) with a two-tier board system.

 

Board director of ArMiD

May 2015. Klaus Jaenecke was elected to the board of ArMiD ("Aufsichtsräte Mittelstand in Deutschland e.V.", www.armid.de), an association representing the interests of supervisory board members in German mid sized entreprises both publicly quoted or privatly held. The association offers a platform for dialogue between non executive directors and furthers the development of a good corporate governance practice specifically for the "Mittelstand". It is a public voice in the general debate on appropriate standards for the non-DAX listed corporations in Germany.