Direct Investments

First-time Investment for NORD Holding in Austria - LMF AG as joint investment with Invest Equity (Vienna)

28.12.2004

NORD Holding Unternehmensbeteiligungsgesellschaft has acquired a 50 % stake in the Leobersdorfer Maschinenfabrik AG (LMF) thereby becoming an active player for the first time in Austria. The other 50 % stake has been acquired by Invest Equity, an Austrian private equity company with an international investor base.

LMF is one of the worldwide leading manufacturers of high pressure compressor units for air, natural gas and other technical and industrial gases. Typical applications include oil and gas exploration, the chemical industry and gas fuel stations. LMF systems are used for example to generate shock waves in the ocean using compressed air as an aid to locating oil and gas deposits beneath the sea bed.

Founded in 1850 the company is headquartered in Leobersdorf near Vienna where it has a workforce of 200 and an annual turnover of € 35 mil. One of the most famous employees in the company's long history is Rudolf Diesel, who in 1897 presented the now universally widespread diesel engine for the first time to the public. From 1946 to 1998 LMF belonged to Deutsche Babcock AG.

In future NORD Holding and Invest Equity intend to cooperate more often on joint projects. "Invest Equity values NORD Holding's German network. NORD Holding appreciates the considerable potential in Austria and with its new cooperation partner possesses a strategic option for Eastern Europe,." stated a speaker from the Hanover-based private equity company. The partnership was also highlighted recently following an investment by NORD KB Beteiligungsgesellschaft in Invest Equity's new fund. The NORD KB is a so-called fund of funds that invests in other private equity funds and is managed by NORD Holding.

About NORD Holding

With its 50-year history and over € 2.0 billion assets under management, NORD Holding is one of the leading private equity asset managers in Germany with a focus on direct and fund investments.

The fund investments division targets the small- and mid-cap segment of the European private equity market through primaries, secondaries and co-investments.

NORD Holding has a strong focus on emerging buyout managers, hands-on investment strategies and regularly acts as an anchor investor. The division manages € 1.3 billion and ranks among the top decile fund investment groups in Europe.

The direct investments division of NORD Holding focuses on structuring and financing company succession models, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage closed-end funds, NORD Holding acts as a so-called "evergreen fund", thereby investing from its own balance sheet with no maturity restrictions. Currently, the fund has interests in more than 15 companies in the DACH region.

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NORD Holding
Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
Walderseestraße 23
30177 Hannover

Email

lukas@nordholding.de