NORD Holding Small Cap invests in HvS-Consulting AG

NORD Holding Small Cap Fund („NSC“) acquires a majority stake in HvS-Consulting AG ("HvS"), based in Garching near Munich, by way of an owner-buy-out. The founders and current directors Michael Hochenrieder and Frank von Stetten will remain significantly involved and will continue to manage HvS in the future. NSC’s investment sets the basis for the further expansion of its market positioning and the continuation of the dynamic growth path.

HvS is a leading boutique offering cyber security services and has been supporting international corporations and SMEs in all areas of IT security since its foundation in 2002. The business unit Cyber Security Consulting includes consulting services, assessments and incident response. Under the product brand IS-FOX, the Security Awareness business unit primarily bundles training and e-learning courses on topics such as cyber security, data protection and compliance. With more than 50 employees and specialists in its partner network, HvS supports more than 500 customers, about half of which are DAX-listed corporations as well as hundreds of medium-sized companies.

Based on the steadily increasing relevance and demand for services and solutions in the area of cyber security, the successful growth is to be continued together with NSC. The two founders and board members Michael Hochenrieder and Frank von Stetten will continue to manage the company.

Michael Hochenrieder says: "We are looking forward to opening the next chapter in our company history together with NORD Holding. The importance of cyber security will continue to grow strongly, so we want to work together to find premium solutions for the intensifying threat situation and stricter regulations." Frank von Stetten continues: "The NORD Holding team met us at eye level from day one and shares our vision. We have thus found the perfect partner who, with his experience, will support us in the further development of HvS."

Jan Markus Drees, Partner at NORD Holding Small Cap, says: "Since its foundation, Michael Hochenrieder and Frank von Stetten have built HvS into the absolute quality leader in cyber security services and established a unique combination of consulting and awareness solutions. We are very pleased to welcome HvS as the second company in our fund." Johannes Fleck, Principal at NORD Holding Small Cap, comments, "Together we will continue to drive the company's development. In the future, acquisitions may also be included in the plans, especially in specialist disciplines. We see enormous potential to further develop HvS together with the two experienced founders as well as the motivated and highly qualified employees. "

On the part of NORD Holding, the transaction was implemented by Jan Markus Drees, Johannes Fleck, Margarita Decker and Sven Langelahn.

Advisory firms involved in the transaction by NORD Holding Small Cap:

Commercial: Singular Group AG

Financial: Crowe BPG (BPG Beratungs- und Prüfungsgesellschaft mbH)

Legal / Tax: act AC Tischendorf Rechtsanwälte Partnerschaft mbB / FRB-TAX

Debt Advisory: goetzpartners Corporate Finance GmbH