Rainer Effinger appointed Managing Director of NORD Holding
After studying economics at the universities of Freiburg and Bonn Effinger started his career with the Bertelsmann Group followed by a stint with a listed business enterprise before moving to NORD Holding in Hanover in 2002. Here he was chiefly responsible for the strategic development of the fund of funds business in Western Europe.
With almost 40 years' experience NORD Holding is one of the longest established private equity companies in Germany. Its investment activities focus on the acquisition of medium sized companies in the course of corporate succession planning and spin-offs of medium sized business units from corporations.
Furthermore, the company manages a funds volume of just over € 500 million as part of its fund of funds business segment. This fund of funds is active in private equity funds in Germany and other European countries.
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.