Matthias Kues elected as Chairman of the German Private Equity and Venture Capital Association
The German Private Equity and Venture Capital Association welcomes this regulation as it aims to establish a clear legal framework for private equity in Germany. According to Kues these laws must however be transparent, target-oriented and appropriate. The economy is like a game of football: if nobody understands the offside rule then there is no clarity and calculability, in fact the exact opposite.
The new Chairman predicts a good to very good outlook for the private equity sector in German over the next few years. Private equity has evolved in the meantime to become an integral financial component for many medium-sized enterprises. Kues draws particular attention to the planned change in energy policy in Germany. "If this task proves too difficult for the energy companies then medium-sized enterprises with their innovative capabilities will take over this role. The private equity sector will smooth the way for enterprises by providing capital and strategic support."
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.