NORD Holding and PINOVA make majority investment in the Human Solutions Group
Founded in 2002, the Human Solutions Group develops and sells software solutions for the clothing, automotive and aerospace industries. The company's core competencies lie in the areas of CAD, layplanning and optimisation and 3D simulation. In addition, Human Solutions has the largest international database of body measurements with more than 100,000 test volunteers from different countries. In combination with the software solutions, Human Solutions offers its customers significant efficiency and thus cost benefits with the optimised fit development and production of their products. With more than 200 employees, the group generated sales of approximately € 22.5 million in 2014. In addition to its headquarters in Kaiserslautern, the company also operates from sites near Munich, in Lainate, Italy and Cary, North Carolina, USA. With the acquisition of Human Solutions, NORD Holding and PINOVA are pursuing an internationalgrowth strategy particularly in Asia.
"The Human Solutions Group has an excellent market position and continues as a pioneer in new software standards for the fashion and automotive industries with its unique technological expertise particularly in the field of 3D simulation", explained NORD Holding management spokesman Matthias Kues.
"We have watched the development of Human Solutions for many years and are very pleased to participate in its continued growth", added Joern Pelzer, cofounder and partner of PINOVA Capital GmbH.
We are pleased to have gained two experienced growth partners with NORD Holding and PINOVA who together with the management will purposefully continue the successful course of the company.
CEO of Human Solutions 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 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.