Overview

Quarton, A Cowen Company advises EWERK on the transaction with NORD Holding Unternehmensbeteiligung mbH

EWERK, a Leipzig-based full-service IT service provider, has a new majority shareholder in NORD Holding Unternehmensbeteiligungsgesellschaft mbH (“NORD Holding”). The founders and managing directors Hendrik Schubert and Dr. Erik Wende remain in their positions and will retain a significant share in the company. This creates conditions for continuing the current growth trajectory as a provider of innovative solutions with a focus on regulated end customers. Quarton, A Cowen Company exclusively advised the company during the process. The transaction is still subject to approval by antitrust authorities.

“High process excellence, a living culture of innovation and the founders’ entrepreneurial vision have inspired us. We see great potential in the combining the industry expertise of Mr. Schubert and Dr. Wende with NORD Holding’s experience setting up platforms. We are delighted to be able to support the EWERK team on its growth path”, says Andreas Bösenberg, Managing Director of NORD Holding.

Hendrik Schubert, Managing Partner of EWERK: “Following the wish of our co-founder Frank Richter to sell his shares, we are pleased to have gained a long-term oriented and medium-sized partner for EWERK in NORD Holding, who will accompany and support the initiated growth strategy”.

About EWERK:

The EWERK Group, located in Leipzig, was founded in 1995 by Hendrik Schubert, Dr. Erik Wende and Frank Richter. The company is a specialized, full-service IT provider for the transformation of mission-critical applications, whose services cover all digital value-added stages from consulting, development and operations through to business process outsourcing. EWERK’s customers are mainly from the energy, healthcare and public sectors. The company currently employs more than 200 people.

About NORD Holding:

With a 50-year history and assets under management of € 2 billion NORD Holding is one of the leading private equity asset management companies in Germany. Their focus lies in their direct investments and fund of funds investment divisions. Direct business focuses on structuring and financing corporate succession models, the takeover of group divisions/subsidiaries and expansion financing for medium-sized companies. In contrast to most other financial investors who only manage funds for a limited period, NORD Holding acts as a so-called “Evergreen Fund” with no time limit and invests from its own balance sheet. At present the company is invested in more than 10 companies in Germany and German-speaking countries.