NORD Holding sells Heytex Bramsche GmbH to DBAG
NORD/LB reduces share from forty percent to five percent.
The NORD Holding Private Equity company starts 2013 with a change in shareholder structure.
At the turn of the year NORD/LB finalised the sale of its shares to three occupational pension funds, with each fund purchasing ten percent each. In the transaction the Hanover Insurance Group (VGH) increased its overall share from ten to fifteen percent.
Against the background of increased international capital requirements for banks NORD/LB put all corporate investments to the test and had previously sold shares in Berenberg Bank, Deka Bank and Berlin Hyp."Even with NORD/LB's investment in NORD Holding now being reduced to five percent, we will continue to work together successfully, because, regardless of the percentage ratios, we still have several common business approaches in the future", stressed NORD Holding managing director Kues.
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.