Deloitte Legal advises HANNOVER Finanz on its investment in climate tech company PAUL Tech AG

PAUL will use the growth financing in particular for investments and further growth in the field of energy-saving technologies and solutions for large residential buildings. With its core product PAUL Performance, PAUL has developed a system controlled by AI-based intelligent software, which through permanent adaptive hydraulic balancing in real time can reduce energy consumption and consequently energy costs and CO2 taxes in buildings by up to 40 percent. This also enables the installation of heat pumps.

The Hanover-based private equity house HANNOVER Finanz has for many years regularly relied on the expertise of the Deloitte Legal team in Hanover, proven by numerous transactions involving PE investors and medium-sized companies. Following the investment in First Climate AG in the spring of 2022, the Deloitte Legal team was once again able to support HANNOVER Finanz in 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 engaged to perform a legal due diligence, in particular in the areas of corporate law, labor law, commercial law, IP/IT, and regulatory law.

Advisors HANNOVER Finanz:

Inhouse: Dr. Christina Silberberger (General Counsel/Partner; Lead)

Deloitte Legal: Dr. Harald Stang (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

About HANNOVER Finanz
HANNOVER Finanz, founded in 1979, has more than 40 years of experience and is in great demand as an equity capital partner for medium sized enterprises. The private equity house based in Hanover and with an office in Vienna was one of the first venture capitalists in Germany and the German-speaking region. It is a second-generation owner-managed investment company. Well-known businesses such as Fielmann, Rossmann and AIXTRON have achieved their growth with equity capital from HANNOVER Finanz and have taken advantage of the entrepreneurial support provided. Since its foundation, the equity capital partner for medium sized companies has completed over 250 projects and invested more than two billion euros. The reasons for investment are mainly to finance growth and corporate succession in sound medium sized businesses with annual sales of at least 20 million euros. The HANNOVER Finanz Group is one of the few private equity houses in Germany to take on minority as well as majority shareholdings. The portfolio currently comprises 35 companies.

About PAUL Tech AG
PAUL Tech AG is a technology leader and specialist in 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 the residents. Investors and operators are using PAUL to make their buildings sustainable and competitive. PAUL currently provides services to over 150 companies in the real estate industry with over one hundred thousand residential units.

_{Published: December 2023}