Direct Investments

NORD Holding invests in the software company PDV-Systeme GmbH in Erfurt

03.12.2015

As part of the long-term succession plan, a new shareholder group consisting of NORD Holding, Aheim Capital and bm-t will acquire shares in PDV-Systeme GmbH, Erfurt. The company founder and longstanding managing director, Wolfgang Schulz, has handed the management of day-to-day operations to the existing managing directors, Dirk Nerling and Gregor Lietz. Schulz will join the newly created PDV-Systeme advisory board.

"PDV-Systeme has developed over time to become a major player in the German e-government market," Schulz stated on the occasion of the Thuringia-based company's 25th anniversary in October this year. Today the software manufacturer, which has more than 100 employees, is one of Germany's leading manufacturers of systems for electronic process management in the public administration field.

The company founder chose to transfer the Erfurt-based company to a investment company with a long-term orientation within the framework of the succession process. The sale to a new shareholder group took place following a careful selection process. NORD Holding is the largest single shareholder in the transaction carried out by Frank Henkelmann.

The new shareholders are emphasising the long-term development of the Erfurt-based company. The company's leading position in the public administration digitisation market will be consolidated progressively with specialised software products and services. The major market drivers are the digitisation of public administration within the framework of the E-Government Act and the need for greater cost efficiency in administrative processes. To ensure a high level of continuity, the company's daily operations will continue to be managed by the managing directors Gregor Lietz and Dirk Nerling, who have been in the role for two years. Furthermore, Wolfgang Schulz is a member of the newly established PDV-Systeme advisory board, meaning the business will continue to benefit from the company founder's experience.

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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