KKR buys OHB stake
November 13, 2023
By Chris Forrester
Germany-based rocket and space technology company OHB, controlled by the Fuchs family, has sold a significant stake in the business to private equity investor KKR.
OHB (its name comes from ‘Otto Hydraulic Bremen’) has operating assets throughout Europe and is a well-regarded supplier to German, European and international space-related projects. It helped build the first 14 Galileo positioning satellites, for example.
Private-equity investor KKR has now bought 21.5 per cent of OHB, which represents 77.5 per cent of all shares not owned by the Fuchs family. Under the new shareholding structure the Fuchs family plus KKR will own 94 per cent of OHB shares.
The Fuchs family will retain permanent control. Marco R. Fuchs is CEO and Christa Fuchs is Chair of OHB’s Supervisory Board.