NORD Holding Expands its Senior Management Team - Gerd Kastrup to retire, Thomas Bagusch and Rüdiger Thieke appointed new managing directors
Thomas Bagusch (43), business economist and Rüdiger Thieke (43), MA Business Studies, have been appointed new managing directors. Both have been members of the senior management team for the past four years.
Matthias Kues (46), graduate economist, continues as CEO.
By appointing successors from within the company NORD Holding actively focuses on continuity. "Team quality and stability are important factors for success in the private equity business,"explained Matthias Kues.
Currently NORD Holding has approx. € 250 mil invested in 57 holdings. In 2005 the company completed 5 new investment deals with an investment volume of € 38 mil. NORD Holding successfully sold one of its holdings, Konzelmann, a secondary aluminium producer, to the Oettinger Group in Weißenhorn/Bavaria.
Its activities centre on expansion stage financing for middle market companies, the structuring and funding of succession profiles as well as spin-offs of medium sized business units from large corporations.
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.