Direct Investment

NORD Holding sells stake in Lenzing Plastics

27.04.2018

NORD Holding acquired a 30 % interest in Lenzing Plastics in 2015, alongside its Austrian partners, INVEST EQUITY, Vienna. The transaction was part of a de-merger and a typical opportunity for NORD Holding. We have built up a wealth of experience and expertise in this field," comments Mirco Thelen, who supervised NORD Holding's investment. "Excellent cooperation between investors and the company's very professional management allowed Lenzing Plastics to thrive throughout the holding period. Joint investment decisions, the focus on sales activities and an expansion of the niche strategy in the PTFE field contributed to the successful development of the business."

With turnover of around € 120 m in 2017, Lenzing Plastics is a global leader for polyolefin and fluoropolymer products, with a focus on monoaxial extrusion of polymers. Lenzing Plastics' thermoplastic production supplies films, tapes and yarns, fabrics as well as laminates with a high strength. Extensive expertise in the PTFE field enables the company to develop and manufacture high-quality specialist products. Lenzing Plastics thus offers special solutions in the fields of construction & insulation, medicine & hygiene, packaging, cable industry, automotive and technical textiles.

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hannover, has sold its minority stake in Austrian manufacturer Lenzing Plastics to an investor consortium led by Invest AG and Oberösterreichische Beteiligungsgesellschaft. Execution of the transaction is still subject to approval by competition authorities.

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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Christiane Lukas
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