Investors Looking to Woo German Family-Owned Companies, FTD Says

Investors are courting German family-owned companies more than ever before, Financial Times Deutschland reported today, citing Hans Christian Blum, who specializes in German family-owned businesses known as Mittelstand at the law firm Kanzlei CMS Hasche Sigle.

Prices for family-owned companies have recovered over the last two years, the newspaper reports, citing Karsten Hartmann of the French investment firm Chequers Capital, which took a majority stake in German power tool manufacturer Metabowerke GmbH on Tuesday.

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net.

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net.

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