Mang and Bujak newly elected to NORD Holding Supervisory Board - Hentschel Deputy Chairman of the Supervisiory Board
Mang's election underlines NORD Holding's special relationship with the savings banks in North Germany. Bujak possesses many years experience in the international private equity arena which he can bring to the table during his activities for the supervisory board.
The new deputy chairman of the supervisory board is Dr. Josef Bernhard Hentschel, head of the Osnabrück Savings Bank. Dr. Hans Vieregge continues as chairman of the supervisory board, his main role is that of deputy to the chairman of the board of the North German State Bank in Hanover.
With more than 30 year's experience NORD Holding is one of the leading private equity companies serving the medium-sized sector. Its activities focus on the structure and funding of succession profiles as well as expansion stage financing for middle market companies. At present the company has holdings in roughly 50 companies in Germany and German-speaking countries. In the previous reporting year NORD Holding invested a total of € 38 mil. in 8 new acquisitions.
More recently spin-offs of medium sized business units from large corporations have played a greater role. Nowadays many companies divest themselves of subsidiaries. This gives the management team the opportunity to acquire the company jointly with NORD Holding and thus to become entrepreneurs. These new medium-sized units can benefit from the newly-acquired market flexibility.
In addition to NORD/LB shareholders in NORD Holding are the Bremer regional bank and a number of North German savings banks and public insurance companies.
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 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.
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.