The HCI Group, a German private equity firm, has acquired the majority stake in the König & Cie. Group. “The acquisition of König & Cie. is a strategically meaningful supplement of the power spectrum of the HCI Group, which has positioned itself as investment and asset manager specializing in the maritime sector,” HCI said in a release on Saturday.
The HCI Group takes over the shares of the previous American investors Tennenbaum Capital Partners and Delos Shipping subject to the approval of antitrust authorities.
Jens Mahnke, managing director of König & Cie, will join the HCI board.
“The new board is actively working on expanding the business to the joint structures and the integration of the two houses,” HCI said in the release.
The two companies bring some 220 vessels under management of which 180 are KG ships.