Direct Investment

NORD Holding sells Leobersdorfer Maschinenfabrik AG

15.08.2007

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover, together with its Austrian partner INVEST EQUITY has sold its stake in the Leobersdorfer Maschinenfabrik AG (LMF). The Austrian engineering works is headquartered in Leobersdorf near Vienna. The purchaser is the Bad Homburg private equity company, Equita. The previous shareholders each owned a 50% stake in LMF. The purchase price is not being disclosed.

LMF manufactures high pressure compressor units for energy recovery and processing. As a niche player with excellent development skills the company is particularly active in the oil and gas exploration industry and is the global market leader for compressors used in natural gas exploration beneath the sea bed (seismic).

During the previous three years LMF has been able to boost turnover by 140 percent up from Euro 35.8 mil. to a forecast Euro 85.0 mil for the current fiscal year. In the same period headcount rose from 220 to approx. 400.

In June this year NORD Holding sold its subsidiary Transnorm headquartered in Harsum near Hildesheim also to Equita. "Equita is a very reputable partner. We are convinced that both LMF and Transnorm have a great future in their hands", stated a NORD Holding spokesperson.

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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NORD Holding
Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
Walderseestraße 23
30177 Hannover

Email

lukas@nordholding.de