11.07.2018

NORD Holding sells Parador to HIL Limited

NORD Holding sells Parador to HIL Limited

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover, has sold its subsidiary Parador GmbH, Coesfeld (www.parador.de), to HIL Limited, a leading Building materials and solutions company in India. HIL is a group company of one of the most reupted Indian Business conglomerate CK Birla Group, worth more than $ 1.8 Billion. Approval of the transaction from the competition authorities is still pending.

Parador is a leading brand for hard floor coverings, with plants in Coesfeld, Germany, and Güssing, Austria. The company develops, produces and markets laminate, parquet, LVT/PU floor coverings and panels/mouldings/accessories. Following the successful carve-out from the Hüls Group in 2016, under the direction of NORD Holding, Parador undertook various measures, including the expansion of its commercial business overseas by setting up a joint venture in China, the establishment of a digital point of sale with various dealer networks and the installation of a laminating plant to extend and flexibilize its manufacturing penetration in the field of LVT/PU production. Parador's net turnover is in the order of € 150 million, with a workforce of around 500.

"We are proud to have successfully supported the company's management under CEO Lubert Winnecken in the complex carve-out from the Hüls Group. Parador further consolidatet its position a a premium brand during our participation in the company. As part of HIL, Parador will be able to pursue its international expansion with even greater vigour," observes Eberhard von Strenge, member of the management board of NORD Holding. "With world class development capabilities and strong customer relationships, we found Parador to be a great alignment with our existing offerings at HIL and it takes us closer to our aspiration of one stop shop for all Building Materials and products. The synergistic combination of complimentary portfolios will create a stronger global business for all our brands an open up a huge indian market for Parador als well,"adds CEO Dhirup Choudhary, HIL Limited.

William Blair, Frankfurt, acted as advisor to the seller in the transaction process.

About NORD Holding:
With a 49-year history NORD Holding is a leading equity investor for upper-tier SMEs. Its activities focus on the structuring and financing of company succession models, carve-outs and financing of the expansion of mid-sized companies.

NORD Holding's investors comprise several north German savings banks, insurance companies and professional pension funds. In contrast to most other financial investors, who restrict themselves to managing time-limited funds, NORD Holding operates as a so-called "evergreen fund" without any time restrictions and finances investments from its own balance sheet. This gives the companies in which we participate the means to develop without any deadline pressure from outiside and to exploit their growth potential.

The company currently holds interests in more than 25 companies in Germany and the DACH region. Through its fund-of-funds segment NORD Holding has also invested € 1.5 bn in other European investment companies and is thus able to offer its partner companies an international network.

Pleas address any inquiries to:

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

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