Report

Herter & Co. advises NORD Holding on the financing for the acquisition of a majority stake in Heizkurier Group

By 26. August 2022 August 31st, 2022 No Comments

Report

Herter & Co. advises NORD Holding on the financing for the acquisition of a majority stake in Heizkurier Group

August 26th, 2022

Herter & Co. has advised NORD Holding on the financing for the acquisition of a majority stake in Heizkurier Group from Odewald KMU.

Together with the current management, Heizkurier aims to further expand its leading market position and to continue its dynamic growth of recent years. In addition, the company’s significant ESG potential – in particular through its contribution to achieving climate neutrality in the building sector – is to be further focused in line with NORD Holding’s ESG objectives.

Heizkurier is a leading Equipment-as-a-Service (EaaS) provider of mobile heating and cooling solutions. With its extensive and modern equipment, Heizkurier supplies its customers quickly and reliably with individual solutions for heat, hot water, warm air and cold. The company has been able to achieve dynamic growth in recent years, which is to be continued driven by sustainable trends such as climate neutrality in the building sector, new construction requirements in the residential segment and challenges related to increasing temperature extremes. Above all, the megatrend of energy-efficient building renovation is expected to be a further growth driver.

Herter & Co. acted as Sole Debt Adviser to NORD Holding.

About Heizkurier

Heizkurier has established itself as a leading rental and sales provider of mobile heating and cooling solutions. The company’s rental fleet currently comprises more than 700 mobile heating and cooling centres with outputs ranging from 10 kW to 5.000 kW. All Heizkurier units are “Made in Germany” and are manufactured on the basis of many years of experience and with the highest quality requirements. The offer is supplemented by services such as consulting, planning, delivery, technical emergency service and device return.
A special field of application is the bridging of heating during the energetic renovation of buildings, where Heizkurier can make a significant contribution to saving CO2 emissions in the building sector with their solutions.
Other important areas of application include construction heating and screed drying, bridging of emergencies, expansion and maintenance of district heating networks, industrial applications and eventsHeizkurier Group employs around 110 people at its headquarters in Wachtberg and at its 13 service and sales locations across Germany and Austria.

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 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 divisions/subsidiaries and the expansion financing of medium-sized companies. In contrast to most other financial investors, which only manage funds with a limited term, NORD Holding acts as a so-called “evergreen fund” with no term restrictions and invests from its own balance sheet. The company is currently involved in more than 15 companies in Germany and other German-speaking countries.
The Fund Investments division targets the small-cap segment of the European private equity market and focuses on primary, secondary and co-investments. NORD Holding concentrates strongly on buyout managers newly established on the market, operational investment strategies and regularly acts as an anchor investor.