Direct Investment

NORD Holding sells Perrin GmbH

03.12.2009

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover, together with the company's management has sold its stake in Perrin GmbH. The specialist fittings manufacturer is headquartered in Nidderau (Hessen) and Prenzlau (Brandenburg). The purchaser is the Tokyo listed Kitz Corporation, Japan. The purchase price is not being disclosed. Up until now NORD Holding held 85% of the stock. The company management held the remaining 15%.

Perrin manufactures standard and specialist ball valves and has established a leading technological position in metal sealing systems. The ball valves are used predominantly in production processes involving extremes of temperature and pressure such as in the chemical, petrochemical or steel industries.

NORD Holding acquired Perrin at the beginning of 2003 from the Vienna listed RHI AG. Over the past 7 years following the acquisition Perrin was able to virtually treble sales and establish an international marketing structure. During the same period headcount rose from 95 to currently 145. Sales significantly higher than €30 mil. are predicted for the 2009 financial year.

"As a spin-off we have successfully positioned Perrin in the market. Kitz is an ideal partner to continue Perrin's success story", stated a NORD Holding spokesperson. Kitz generated turnover of 1.2 billion US Dollars in the 2008/2009 financial year.

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