Exit: NORD Holding sells stake in AVISTA OIL AG

Cate­gory: Private Equity
1. May 2019

Hano­ver — NORD Holding Unter­neh­mens­be­tei­li­gungs­ge­sell­schaft mbH, Hano­ver, has sold its mino­rity share­hol­ding in AVISTA OIL AG, one of the leading compa­nies in used oil proces­sing in Europe and the USA, to Bitbur­ger Holding GmbH and SKion GmbH.

The mino­rity invest­ment by NORD Holding was made as part of a growth finan­cing to imple­ment AVISTA OIL’s long-term stra­tegy of further inter­na­tio­na­li­zing its busi­ness and expan­ding its product port­fo­lio. “We are plea­sed to have been able to guide AVISTA OIL’s outstan­ding manage­ment team through key stra­te­gic decis­i­ons in recent years, inclu­ding their move into the U.S. The new share­hol­der struc­ture now allows AVISTA OIL to take the next step in its growth,” says Andreas Bösen­berg, Mana­ging Direc­tor of NORD Holding. “We have more than achie­ved our common goals in the coope­ra­tion with NORD Holding. The perso­nal and very trus­ting rela­ti­onship will certainly conti­nue beyond his reti­re­ment as a share­hol­der of AVISTA OIL,” adds Marc Verfürth, member of the board of AVISTA OIL AG.

AVISTA OIL AG is one of the leading compa­nies in used oil rege­ne­ra­tion in Europe and the USA with an annual rege­ne­ra­tion capa­city of almost 500,000 tons today. In the oil upcy­cling segment, AVISTA OIL has a current capa­city of more than 300,000 tons, with another 100,000 tons under cons­truc­tion, and is one of the tech­no­logy leaders in the produc­tion of high-quality base oils and lubri­cants from used oils. A number of subsi­dia­ries and asso­cia­ted compa­nies are bund­led under the umbrella of AVISTA OIL AG, which performs all func­tions from coll­ec­tion & logi­stics, re-refi­­ning and lubri­cant produc­tion to inter­na­tio­nal distri­bu­tion. AVISTA OIL employs around 700 people at seve­ral refi­nery sites in Europe and the USA.

About NORD Holding
With its 50-year history and assets under manage­ment of € 2 billion, NORD Holding is one of the leading private equity asset manage­ment compa­nies in Germany. The focus is on the busi­ness areas of direct invest­ments and fund of funds invest­ments. The focus of the direct busi­ness is on the struc­tu­ring and finan­cing of corpo­rate succes­sion models, the acqui­si­tion of group parts/subsidiaries and the expan­sion finan­cing of medium-sized compa­nies. In contrast to most other finan­cial inves­tors, who only manage time-limi­­ted funds, NORD Holding acts as a so-called “ever­green fund” with no time limit and invests from its own balance sheet. The company is curr­ently invol­ved with more than 15 compa­nies in Germany and other German-spea­king count­ries. The Fund Invest­ments busi­ness unit targets the small- and mid-cap segment of the Euro­pean private equity market and focu­ses on primary, secon­dary and co-inves­t­­ments. NORD Holding focu­ses stron­gly on buyout mana­gers newly estab­lished on the market, opera­tio­nal invest­ment stra­te­gies and also regu­larly acts as an anchor inves­tor. The fund of funds divi­sion curr­ently mana­ges € 1.3 billion and is one of the most successful fund of funds compa­nies in Europe.

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