Direct Investment

NORD Holding sells CDA Holding to Strategic Investor OEM from the USA

15.08.2014

NORD Holding Unternehmensbeteiligungsgesellschaft mbH in Hanover has sold its portfolio company CDA Holding GmbH, Suhl (Thuringia) to OEM Optical Experts Inc, Charlotte (United States / North Carolina). Financial details have not been disclosed.

CDA GmbH is one of the largest independent manufacturers of optical storage media in Europe and has in recent years evolved to become the leading European replicator of chip-based storage devices in the automotive sector.
In addition, the CDA has successfully established itself in the market as a manufacturer of components with micro structures;a still new market segment with significant potential, especially in the application of 3D sensors for gesture control.

With around 200 employees, CDA has generated a turnover of about € 35 million in the current financial year, meaning that sales have increased by over 40% since the beginning of NORD Holding's involvement.

Optical Experts Manufacturing Inc. (OEM), headquartered in Charlotte / USA - also a manufacturer of optical data storage "complements CDA well. OEM is placing its trust in the innovativeness of CDA at its location in Suhl.We can see great potential for CDA's innovative products in the US market," said Raymond Zerrusen, CEO of OEM.

CDA directors Frank Hartwig and Dr. Nicolaus Hettler have until now been largely responsible for the current growth and will remain at the helm of the company with the new owner.

For NORD Holding the cooperation with the CDA management was extremely successful.We are pleased that the time is now right to deliver the company into new hands.With its new owner OEM, CDA will particularly benefit from further internationalisation.

Robert Pauli
Member of NORD Holding management.

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 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.

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.

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