Direct Investments

NORD Holding sells its stake in AVISTA OIL AG

24.04.2019

NORD Holding has successfully sold its minority stake in AVISTA OIL AG, one of the leading used oil processing companies in Europe and the USA, to Bitburger Holding GmbH and SKION GmbH.

The minority investment was executed with the purpose to fuel the company's long-term growth plan, to internationalise the existing business and to expand the product portfolio. "We are pleased, that we were able to support the excellent management of AVISTA OIL at major developments, such as their international expansion into the USA. The new shareholder base allows AVISTA OIL to reach the next level of growth", says Andreas Bösenberg, Managing Director of NORD Holding. "Together with NORD Holding, we smoothly accomplished our common goals. The good and trusting relationship will last even after the end of the shareholder-ship of NORD Holding", adds Marc Verfürth, CEO of AVISTA OIL.

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About AVISTA OIL AG
With a current annual processing capacity of around 500,000 tons, AVISTA OIL AG is one of the leading used oil processing companies in Europe and the USA. AVISTA OIL has a capacity of more than 300,000 tons in the oil upcycling segment plus additional 100,000 tons, which are currently under development. Furthermore, the firm is one of the technological leaders in the production of high-quality base oils and lubricants from used oil. AVISTA OIL AG combines a convolute of subsidiaries, which cover all functionalities from Collection & Logistics, R-Refinery, Lubricants Production and Global Distribution. AVISTA OIL employs approximately 700 employees at different locations across Europe and the USA.

The completion of this transaction is subject to antitrust approval.

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