Direct Investment

NORD Holding acquires market leader in the optical sector

21.02.2003

NORD Holding Unternehmensbeteiligungsgesellschaft, Hanover, has acquired a majority stake in Breitfeld & Schliekert GmbH, the German market leader for optical supplies. In future NORD Holding shall hold 59% of the shares.

The remainder are held by Dominik Finkeldei, the managing partner. Based in Karben, Hessen the company supplies approx. 18.000 opticians in Germany and neighbouring western European countries. Despite the fact that the market for spectacles and lenses remained mainly sluggish in Germany last year, Breitfeld & Schliekert were once again able to increase turnover and profit. Currently exports make up 27%. The specialist retailer plans to expand outside Europe and to significantly increase market share. As a preliminary step in this direction the company founded a US subsidiary in 2001.

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 investments in roughly 50 companies in Germany and German-speaking countries.

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

Email

lukas@nordholding.de