Direct Investment

NORD Holding acquires trouser specialist Hiltl

18.12.2015

Within the framework of a succession arrangement NORD Holding Unternehmensbeteiligungsgesellschaft mbH is acquiring all the shares of Fritz Hiltl Hosenfabrik GmbH & Co. KG, which is headquartered in Bavaria, Sulzbach-Rosenberg. The seller consists of the joint heirs of Hedwig Hiltl, who passed away in 2014.

The incumbent General Manager Martin Merkl is remaining on the team, and going forward he will be supported in management by Andreas Wölfer, erstwhile Manager of Liebeskind in his position as further General Manager. Executor Markus Schock gave the following comments on the transaction: "We are delighted to have found in NORD Holding a partner with target-oriented concepts in harmony with the value structure and identity of the long-established Hiltl brand. NORD Holding possesses distinctive know-how in the fashion business, making it the ideal Hiltl partner."

About Hiltl (www.hiltl.de):
Hiltl was founded in 1955 and became a specialist in men's trousers, standing to this day for tradition combined with contemporary aesthetics, craftsman - like perfection and very exacting quality standards covering materials, processing and production. "We seek to be not the largest, but the best" is the corporate philosophy that to this very day underlies the development of individual hand-made designs.

Matthias Kues, speaker for NORD Holding management, states the name Hiltl stands for craftsman-like perfection, the highest quality standards and client-oriented fashion inspirations. "It is exactly this combination of tradition and innovation that appeals to us about Hiltl", Kues enthuses. With NORD Holding in the background Hiltl is well-placed for further growth, as domestic and international distribution partners become more closely tied to the Hiltl brand. This aspiration stands to be reinforced with modernisation investment plans for the Sulzbach-Rosenberg facility as a basis for future growth.

In 2015 HILTL is on target to achieve turnover of some € 25 million, with Germany, Austria and Switzerland accounting for 61 % of this figure, closely followed by the USA with a 14 % turnover share. Hiltl boasts excellent growth potential with its database of over 1,000 clients in fashion retail and its high-quality mail-order and online businesses.

These days each year sees production of in excess of half a million high-quality trousers for export to in excess of 40 countries throughout the world. Beyond the Sulzbach-Rosenberg headquarters production takes place exclusively at European facilities. Hiltl has a contemporary reputation as a premium international trouser brand for men with discerning individual tastes.

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