Direct Investments

NORD Holding sells Breitfeld & Schliekert and Lexxoo to Dominik Finkeldei

14.06.2013

The Hanover-based private equity investor NORD Holding has sold its majority stakes in Breitfeld & Schliekert GmbH and in the LEXXOO group to the partner and managing director Dominik Finkeldei.

With 80 employees and a turnover of EUR 27 million, Breitfeld & Schliekert GmbH, based in Karben near Frankfurt, is a market leader in equipment for opthalmic opticians with technical goods, tools and spare parts. Its customers include major, well-known German and international ophthalmic companies and the ophthalmic industry. Together with Dominik Finkeldei and another investor, NORD Holding acquired the company in 1993 as part of an MBI. NORD Holding has been the majority shareholder since 2002. Next to the internationalisation of business - Breitfeld & Schliekert today has an export share of 30 % - the product range has since been expanded significantly in many areas.

With the acquisition of the LEXXOO Group, based in Nuremberg, the foundation for future growth was widened again in 2008. The LEXXOO group now leads in the marketing and distribution of ready-to-wear reading glasses and sunglasses in the lower to middle price segment. "We are pleased that we can now fully place Breitfeld & Schliekert and LEXXOO in Mr Finkeldei's hands. He has significantly influenced the positive development of business over the last 20 years and is the ideal partner to guide the group through the coming years with a stable base", said Thomas Bagusch, CEO of NORD Holding, in Hannover today.

"After 20 years of trustworthy cooperation, I am very pleased to be able to continue leading the growing group as majority shareholder. Especially through the partnership and support of NORD Holding it was possible to achieve stability and growth", commented Dominik Finkeldei looking back with satisfaction on the cooperation.

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

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lukas@nordholding.de