Direct Investments

NORD Holding sells Parador to HIL Limited

11.07.2018

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover, has sold its subsidiary Parador GmbH, Coesfeld, to HIL Limited, a leading Building materials and solutions company in India. HIL is a group company of one of the most reputed Indian Business conglomerate CK Birla Group, worth more than $ 1.8 Billion. Approval of the transaction from the competition authorities is still pending.

Following the successful carve-out from the Hüls Group in 2016, under the direction of NORD Holding, Parador undertook various measures, including the expansion of its commercial business overseas by setting up a joint venture in China, the establishment of a digital point of sale with various dealer networks and the installation of a laminating plant to extend and flexibilize its manufacturing penetration in the field of LVT/PU production. Parador's net turnover is in the order of € 150 million, with a workforce of around 500.

"We are proud to have successfully supported the company's management under CEO Lubert Winnecken in the complex carve-out from the Hüls Group. Parador further consolidated its position a a premium brand during our participation in the company. As part of HIL, Parador will be able to pursue its international expansion with even greater vigour," observes Eberhard von Strenge, member of the management board of NORD Holding. "With world class development capabilities and strong customer relationships, we found Parador to be a great alignment with our existing offerings at HIL and it takes us closer to our aspiration of one stop shop for all Building Materials and products. The synergistic combination of complimentary portfolios will create a stronger global business for all our brands an open up a huge Indian market for Parador also well,"adds CEO Dhirup Choudhary, HIL Limited.

William Blair, Frankfurt, acted as advisor to the seller in the transaction process.

About Parador
Parador is a leading brand for hard floor coverings, with plants in Coesfeld, Germany, and Güssing, Austria. The company develops, produces and markets laminate, parquet, LVT/PU floor coverings and panels/mouldings/accessories. www.parador.de

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