HCI Capital AG (DB:HXCK) agreed to acquire 80% stake in majority stake in König & Cie. GmbH & Co. KG from Tennenbaum Capital Partners, LLC and Delos Shipping, LLC on January 15, 2016. The supervisory Board appointed Jens Mahnke, current Managing Director of the König & Cie. group, into the management board of HCI Capital AG with effect on the completion of the acquisition. Together with the other members of the management Board David Landgrebe and Ingo Kuhlmann, the three members of the management board will lead together HCI Capital AG in the future. The transaction is subject to approval of the competition authorities. HCI Capital AG (DB:HXCK) completed the acquisition of majority stake in 80% stake in König & Cie. GmbH & Co. KG from Tennenbaum Capital Partners, LLC and Delos Shipping, LLC in January 2016.