Direct Investment

NORD Holding acquires evergreen GOEBEL business

20.03.2003

NORD Holding Unternehmensbeteiligungsgesellschaft, Hanover, has acquired a major stake in the German engineering company GOEBEL Schneid- und Wickelsysteme GmbH, headquartered in Darmstadt. In addition to NORD Holding the management has taken a qualified post-acquisition stake.

GOEBEL Schneid- und Wickelsysteme GmbH manufactures high-quality reel cutting machines for the paper and film industry. The company was founded in March 2001 as a spin-off from the insolvent engineering facility GOEBEL GmbH.

Since then the company has evolved very successfully and has strengthened its market position. GOEBEL is a partner of the worldwide paper and film industry with an export share of more than 80 % to all continents. With NORD Holding as the new majority shareholder funding and jobs can be secured long-term for the company. Defying the general economic trend the company is headed on its course of expansion substantially aided by NORD Holding, its new partner.

Today the company employs 80 people. Turnover of more than 17 mil. Euro was achieved in 2002 with good profitability. The target for 2003 is turnover of approx. 23 mil. Euro. With orders in hand exceeding one year's annual revenue orders extend well into 2004. Markets in the South East Asian region are particularly order rich especially the fast growing Chinese market.

Prior to the acquisition last week all the shares of GOEBEL Schneid- und Wickelsystem GmbH were held by the lawyer Markus Ernestus in his capacity as the receiver for the former Maschinenfabrik GOEBEL GmbH.

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.

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NORD Holding
Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
Walderseestraße 23
30177 Hannover

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lukas@nordholding.de