Direct Investments

NORD Holding sells Konzelmann to the Oetinger Group


NORD Holding Beteiligungsgesellschaft, Hanover and the Bayerische Beteiligungsgesellschaft have sold their joint 69.4% stake in Karl Konzelmann GmbH & Co. KG, headquartered in Hanover and Neu-Ulm, to the aluminium melting company Oetinger GmbH in Weißenhorn. The management team will retain its 30.6% stake to be restructured into a new joint stock company that will consolidate the activities of both Oetinger and Konzelmann. This deal ensures the long term future of the Konzelmann locations in Hanover and Neu-Ulm with a total workforce of 300 employees.

Since being acquired by NORD Holding at the beginning of 2004 Konzelmann has been able to significantly benefit from the high market growth in secondary aluminium and boost profitability. Konzelmann's current production capacity is more than 150.000 t of secondary aluminium and with turnover of more than € 230 mil. is the third largest aluminium recycling company in Europe, behind the Oetinger Group. Together both companies boast a production capacity well above 300.000 tons.

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