Direct Investment

NORD Holding sells Rademacher to Cross and PINOVA

30.09.2014

NORD Holding Unternehmensbeteiligungsgesellschaft mbH in Hanover has sold its portfolio company Rademacher Holding GmbH based in Rhede to the investor consortium Cross and PINOVA Capital.

Rademacher was founded in 1967 and a majority interest was acquired by NORD Holding in 2007. In recent years the company has developed into a leading manufacturer of proprietary radio‐based home automation systems in Germany. This technology enables shutters, blinds, awnings and lighting to be controlled by a smartphone or tablet via the Internet. With approximately 160 employees at two production sites in Rhede, Westphalia and Dresden, Rademacher has a turnover of approximately € 30 million.

With Rademacher, Cross and PINOVA Capital continue to pursue a successful growth strategy in Germany and increased international expansion in Europe. The investor consortium acquires leading and profitable medium‐sized companies with effective management in high growth industries. "Rademacher provides an ideal platform for continuing the successful development in the field of smart home," said Dr. Michael Petersen, managing partner of Cross Equity Partners.

Rademacher CEO, Markus Roth, who is largely responsible for the current development of the company, will remain at the helm under the new shareholder.

We are pleased that with Cross and PINOVA Capital we were able to attract the right partner for Rademacher to accompany the growth path we have initiated. After more than seven years, we are placing the company in good hands.

Rainer Effinger
Managing Director of Nord Holding.

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

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lukas@nordholding.de