Noerr advises NORD Holding on acquisition of a majority stake in Heizkurier Group

With a team led by Holger H. Ebersberger and Florian Sippel, Noerr has advised NORD Holding on its acquisition of a majority interest in the Heizkurier Group from Odewald KMU.

The engagement also includes advising on the financing of the acquisition. The Noerr Finance team is headed by Nikolai Warneke and Martina Buller.

The existing management and founders will remain involved in the company. Together with the existing 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 based in Wachtberg, Germany. With its extensive and modern fleet of equipment, Heizkurier provides its customers quickly and reliably with needs-based solutions for heat, hot water, warm air and cooling. Heizkurier has been able to achieve dynamic growth in recent years. This trend 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 further driver of growth. Heizkurier group employs around 110 people at its headquarters and 13 service and sales locations in Germany and Austria.

With a 50-year history and assets under management worth €2.5 billion, NORD Holding is one of Germany’s leading private equity companies. It focuses on the fields of direct investments and fund-of-funds investments. Direct business centres on the structuring and financing of corporate succession models, acquisitions of parts of corporate groups/subsidiaries and expansion financing for mid-sized companies. The investment was carried out by NORD Holding’s Smart Industries & Business Services team and underlines its sector expertise in the field of heating and cooling technology.

Advisors to NORD Holding Unternehmensbeteiligungsgesellschaft mbH: Noerr Partnerschaftsgesellschaft mbB

Joint lead: Holger H. Ebersberger (partner, Private Equity, Munich), Florian Sippel (associated partner, Frankfurt)


Private Equity
Aleksandra Vujinović (senior associate, Frankfurt), Julia Hecht, Daniel Prexler (senior associates, Tobias Thiemann (associate, all Munich)

Banking & Finance
Nikolai Warneke (partner), Martina Buller (senior associate), Ana-Maria Mirceta (associate, all Frankfurt)

Digital Business
Patrick Neidinger (associated partner, Munich), Severin Bauer (senior associate, Frankfurt)

Employment & Pensions
Benjamin Jahn (partner), Caroline Berger (associate, both Munich)

Real Estate Investment Group
Raphaël Hebecker, Fabienne Wendik (associates, both Dusseldorf)

Regulatory & Governmental Affairs & Investment Controls
Hendrik Schlutt (counsel, Berlin)

Tax
Elmar Bindl (partner), Steffen Arlich (senior associate, both Munich)

Local Counsel Austria: Schoenherr, Michael Magerl (partner)