Direct Investments

NORD Holding takes a stake in the tissue products market


The Hanover-based private equity company acquires a majority stake in Paper + Design GmbH tabletop, Saxony

Paper + Design, headquartered in Wolkenstein, Saxony, produces and markets napkins, tablecloths and other tissue products for decorative table settings.

The company's distinctive designs and product quality ensure that it stays ahead of the crowd. Its sales partners are therefore exclusive gift stores, florists and upmarket specialist outlets. The company expects turnover of roughly Euro 30 mil. for 2005. Founded in 1999 by Henry Oertel and Walter Nöthen the company has gone from strength to strength in the succeeding years to establish itself successfully in the market. The families of the founders still retain an appreciable stake in the enterprise.

NORD Holding's investment will enable the company over the next few years to prepare for a successor. International markets in particular offer the company growth opportunities. Its export share is already 70% with 20% of turnover generated in the USA alone. Further penetration of export markets is intended to secure the long term future of the company's location south of Chemnitz and provide opportunities to expand the current number of 112 employees.

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