Direct Investments

NORD Holding divests R&M International GmbH to the management and Deutsche Beteiligungs AG


The NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hannover, has sold its subsidiary R&M International GmbH (Hamburg) to the management, a member of the advisory board and the Deutsche Beteiligungs AG (DBAG). In the future, the management will hold 67 % of the shares. DBAG and the DBAG Capital Expansion Fund managed by DBAG will hold 33 %. The completion of the transaction is subject to approval by the cartel authorities.

The R&M Group is one of the world's leaders in the interior outfitting of ships and other maritime facilities. In addition to project business, which represents approx. two thirds of total revenue, the company also has a product business in the fields of wet units, doors, walls and ceiling systems as well as furniture with production locations at Wismar, Rostock and Kushan (China). Core technical expertise includes in particular noise and vibration protection as well as thermal and cold insulation. In 2015, with a workforce of 550, the R&M Group achieved sales of approx. € 120 million.

The NORD Holding acquired R&M in early 2007 from the Bilfinger Group. Main changes in the last 10 years have comprised strategic focusing on the growth market of cruise ships, the building of a production facility in China and the expansion of the service and maintenance business, also by the acquisition of smaller companies at home and abroad.

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NORD Holding was an engaged and competent partner for us at all times who also accompanied us during the economic and financial crisis.

We are pleased to have a new partner in the DBAG who also stands for continuity, experience and financial strength.

Ramesh Krishnan
CEO of R&M

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.

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NORD Holding
Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
Walderseestraße 23
30177 Hannover