30.09.2014

NORD Holding sells Rademacher to Cross and PINOVA

NORD Holding sells Rademacher to Cross and PINOVA

NORD Holding Unternehmensbeteiligungsgesellschaft mbH in Hanover has sold its portfolio company Rademacher Holding GmbH based in Rhede to the investor consortium Cross and PINOVA Capital.

Rademacher was founded in 1967 and a majority interest was acquired by NORD Holding in 2007. In recent years the company has developed into a leading manufacturer of proprietary radio‐based home automation systems in Germany. This technology enables shutters, blinds, awnings and lighting to be controlled by a smartphone or tablet via the Internet. With approximately 160 employees at two production sites in Rhede, Westphalia and Dresden, Rademacher has a turnover of approximately € 30 million.

With Rademacher, Cross and PINOVA Capital continue to pursue a successful growth strategy in Germany and increased international expansion in Europe. The investor consortium acquires leading and profitable medium‐sized companies with effective management in high growth industries. "Rademacher provides an ideal platform for continuing the successful development in the field of smart home," said Dr. Michael Petersen, managing partner of Cross Equity Partners.

"We are pleased that with Cross and PINOVA Capital we were able to attract the right partner for Rademacher to accompany the growth path we have initiated. After more than seven years, we are placing the company in good hands." commented Rainer Effinger, managing director of NORD Holding.

Rademacher CEO, Markus Roth, who is largely responsible for the current development of the company, will remain at the helm under the new shareholder.

 

About NORD Holding:

NORD Holding is one of the oldest and most established private equity investors in Germany with a 45‐year history. NORD Holding invests in majority stakes of established and profitable companies in all sectors. The company has special expertise in ownership successions (MBO / MBI), carve‐outs of business units from large corporations and the expansion and financing of SMEs.

The investors of NORD Holding include large pension funds, insurance companies, a state bank and major savings banks. Unlike most other financial investors, who only manage temporary funds, NORD Holding operates as a so‐called "Evergreen Fund" without time limitation, investing from its own balance sheet. The portfolio companies of NORD Holding therefore have the opportunity to develop without external pressure and realize their full growth potential.

NORD Holding is currently invested in more than 25 companies in the German‐speaking countries.

 

Questions should be addressed to:

NORD Holding Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
T +49 511 270415‐14
F +49 511 270415‐5
lukas@nordholding.de

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