Thursday June 4, 2020

Hanover doubles stake in Smurfit-backed Escher

Hanover has a history of involvement in boardroom coups and corporate turnarounds

Barry J Whyte

Chief Feature Writer

2nd July, 2017
Michael Smurfit

The activist hedge fund Hanover Investors has spent £4.5 million (€5.1 million) on doubling its holding in the Smurfit-backed Irish postal technology company Escher.

Hanover picked up 2.3 million shares in Escher on June 23, when the company’s share price was trading around £1.97. Given that Hanover is a well-known buyout and turnaround investor, its aggressive stake-building has led to speculation that Escher might now be in play.

Hanover has nearly doubled its position in...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 1 month ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago