7/11/2023

H&Z Management Consulting advises PREMIUM Equity Partners on the acquisition of Freqcon conducting the commercial due diligence

Funds advised by PREMIUM Equity Partners („PREMIUM“) have acquired a majority stake in Freqcon GmbH from the founder Mr. Norbert Hennchen. 

H&Z

Funds advised by PREMIUM Equity Partners („PREMIUM“) have acquired a majority stake in Freqcon GmbH from the founder Mr. Norbert Hennchen. The transactions enables a succession solution and provides growth capital.


During the transaction process H&Z Management Consulting advised on the commercial due diligence.


Freqcon, based in Rethem, Lower Saxony, is a fast-growing hidden champion and pioneer in the field of energy storage solutions and converter technologies for renewable energy sources. The energy transformation resulting from the expanding diversification of energy sources such as gas, wind, solar, biomass, and others, along with the progressing electrification (electric vehicles, heat pumps, etc.) imposes an increasing load on power grids. For companies, this means an increased risk in terms of security of supply. Freqcon's systems enable its customers from industry and the energy sector to ensure a stable, uninterruptible power supply, reduce electricity costs and control different power sources.


Norbert Hennchen: “As the founder, I am pleased to have found the right partner in PREMIUM Equity Partners so that the successful development of Freqcon can continue as an independent company.The professional and trustful cooperation with PREMIUM, including industry expertise, has convinced me that in this partnership the company can be further developed in an optimal way. Therefore, I am also looking forward to a close cooperation in the future.”


Marcel van Wijk, Managing Partner of PREMIUM adds: “As a medium-sized company, Freqcon is optimally positioned to realize the enormous growth potential in frequency stabilization. With its innovative, customer-specific and solution-oriented systems, Freqcon precisely meets its customers' needs and positively contributes to the energy transformation.”


H&Z Management Consulting supported PREMIUM with a team from its M&A Advisory division. The consulting service included the commercial due diligence.

 


More information here.

Contact our colleagues who led this transaction and discuss how we can support you.

Markus Contzen

Partner Private Equity

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Markus Contzen

Sascha Tagliaferri

Senior Project Manager M&A Advisory

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Sascha Tagliaferri