Direct Investments

NORD Holding takes a stake in AVISTA OIL AG


Leading European used oil refinery set to expand through acquisitions AVISTA OIL AG is the leading enterprise in Europe for collecting and refining used oil and emulsion at its 3 collection subsidiaries and 2 re-refineries.

With approx. 380 employees AVISTA is the top ranking company in all the relevant markets in Germany, Denmark, Belgium, Luxemburg, and Poland. With its patented technology AVISTA processes 290,000 tons annually of used oils and emulsions into high-quality base oils and lubricants at its two refineries in Germany and Denmark.

"We regard NORD Holding's minority shareholding as the first phase in a long term commitment. To implement our strategy towards further internationalization of our business whilst continuing to expand our product portfolio we have now found a partner ready to work together with the former owners to proactively support further growth", stated Dr. Andreas Weinberger, Chairman of AVISTA OIL AG. AVISTA intends to use NORD Holding's double-digit million investment to actively see through the pending market consolidation in Europe and to underpin international growth.

In a world where resources are becoming scarcer and more expensive AVISTA is a dynamic and cutting-edge enterprise in an industry that possesses outstanding growth perspectives using the tried and tested sustainable business model.

Rüdiger Thieke
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 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