NORD Holding acquires stake in ESG software pioneer VERSO
Hanover/Munich. NORD Holding has decided to take the megatopic of sustainability or ESG into account and to set a corresponding focus both internally and on the portfolio side. The starting signal for this is the participation in the ESG software pioneer VERSO, which has also been successfully represented on the market with consulting and training for several years. NORD Holding intends to introduce the software solution in its 15 associated companies and thus standards in sustainable corporate management.
With its investment in VERSO, NORD Holding is relying on one of the few ESG software solutions that has been established over many years and has now grown into a holistic service provider in the area of corporate sustainability. VERSO supports companies to accelerate their Sustainable Transformation effectively and efficiently: From “Mission Zero” (carbon accounting, reduction and offsetting), to ongoing sustainability management, to ESG reporting, a focus area of VERSO. The company is thus ideally positioned to benefit from the EU-CSRD (Corporate Sustainability Reporting Directive) in the long term.
VERSO addresses the increasing need for digitalization and knowledge in various areas of sustainability in SMEs through the directive for capital market-oriented companies issued in 2017 and the Europe-wide extension to smaller SMEs decided in 2022. In addition, there are further increasing regulatory challenges (e.g. Supply Chain Act), for which VERSO is already successfully preparing its customers.
“We take our responsibility seriously: Toward our investors and shareholdings, but also toward society and the planet. For us, the megatrend of sustainable transformation, and thus the area of ESG, is a key value driver. At the same time, we are developing ESG strategies with all our investments to make our portfolio more sustainable and thus, not least, more competitive. VERSO already offers a strong and established solution for companies across all industries and benefits from more than a decade of experience. Together with VERSO, we can therefore make a significant contribution to our own portfolio both on the operations side of NORD Holding and on the investment side from the massively increasing demand in the sustainability segment,” says Christian Moritz Kukwa, Principal at NORD Holding.
Andreas Maslo, Co-Founder and CEO of VERSO, comments: “We are committed to a great mission: To accelerate the sustainable transformation of the economy. But in order to implement our strategy to this end, we don’t just need fast money, but the right growth partners. After many discussions with a wide variety of interested parties, we made a very conscious decision in favor of NORD Holding. We were convinced by an investor with deep roots in the German SME sector, a genuine desire for transformation and a transparent shareholder structure. In addition, NH’s domain expertise in software, consulting and now ESG speaks for itself. We are now incredibly looking forward to jointly building the leading ESG software and consulting service provider in the German-speaking region. Thus, we will be able to support companies even more effectively in their transformation towards sustainability and further accelerate the process.”
The investment was carried out by the two NORD Holding teams Business Services and Software/Technology and underlines the sector competence in the area of technology-enabled services. On the part of NORD Holding, the transaction was implemented by Christian Moritz Kukwa, Christoph Grunewald, Moritz Stolp and Kornelius Karl Komischke.
VERSO supports medium-sized companies holistically in their Sustainable Transformation with its software (SaaS) solution and services for sustainability management. Consulting and training in CSR reporting, management and climate accounting make VERSO a comprehensive partner for corporate sustainability and ESG. Sustainability managers professionalize and digitalize their CSR management with VERSO or bring even more efficiency into their existing processes, above all CSR reporting. In addition, VERSO supports companies on their way to climate neutrality. VERSO GmbH, based in Munich, was founded in 2010 by Andreas Maslo and Florian Holl and is now managed by the two founders together with Nuvia Maslo. www.verso.de
About NORD Holding
With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity and asset management companies in Germany. The focus is on the business areas of direct investments and fund 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 micro and small cap segment of mid-market-oriented private equity funds in Europe. The focus here is 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.