NORD Holding acquires shares in Silvester Group and sustainabill
Hanover/ Hamburg/ Cologne/ Munich — Following its investment in ESG software pioneer VERSO, NORD Holding is continuing its comprehensive ESG initiative by acquiring stakes in Hamburg-based Silvester Group and Cologne-based sustainabill. The three companies are merging under the majority shareholding of NORD Holding. VERSO is a provider of ESG management software and services, while Silvester Group guides and advises clients on corporate, ESG and financial strategy, communication and reporting. The sustainabill cloud platform increases the transparency and sustainability of supply chains.
With the merger of the companies, NORD Holding is creating a leading provider for sustainability management and reporting with a holistic solution “Made in Germany”, from which more than 200 active customers are already benefiting today. In addition to the organic development of competencies in all sustainability areas, strategic additions are sought through synergistic acquisitions within the merger.
“We are pleased to have formed an ESG champion with these three companies, thus accelerating the sustainable transformation of the economy and creating a differentiated technology and consulting offering for medium-sized businesses,” says Christian Moritz Kukwa, Principal at NORD Holding.
Andreas Maslo, as co-founder of VERSO and CEO of the newly formed company comments, “Sustainability is becoming increasingly complex and our newly formed company is the answer to this. We combine comprehensive sustainability expertise with leading technology. We are pleased that with NORD Holding we have the right partner to implement this vision.”
“NORD Holding and we are united by a common goal: the sustainable success of our customers. That is why we accompany the development of the sustainable corporate strategy and communicate on the status and success development of the ESG and financial performance, actively and target group-oriented in business and sustainability reports,” says Thilo Tern, Managing Director of Silvester Group and Co-CEO of the newly formed company.
“The sustainable supply chain is an irreplaceable building block in the sustainability orientation of companies. The vision of NORD Holding to create a holistic offering together with VERSO and Silvester Group to meet all ESG requirements now and in the future was crucial for us,” explains Klaus Wiesen, co-founder of sustainabill.
The investment has been supported by the NORD Holding Business Services and Software team since November 2022 and underlines the sector expertise in the area of technology-enabled services. On the part of NORD Holding, the transactions were implemented by Christian Moritz Kukwa, Moritz Stolp and Kornelius Karl Komischke.
About VERSO
VERSO supports medium-sized companies holistically in their sustainable transformation with its software (SaaS) solution and services for sustainability management. Consulting and training in ESG reporting, management and climate accounting make VERSO a comprehensive partner for corporate sustainability and ESG. Sustainability managers professionalize and digitize their sustainability management with VERSO or bring even more efficiency into their existing processes, above all CSR reporting. In addition, VERSO supports them on their way to becoming a climate-friendly company.
About Silvester Group
Silvester Group is the leading company for integrated stakeholder relations in Germany. With experience from more than 30 years in the market and over 2,150 client projects, Silvester Group offers corporate, ESG and financial communications holistically from a single source: strategy, consulting, research and editing. Design, brand and image. Investor Relations (IR), Public Relations (PR) & ESG. Online, Offline, Social Media, Digital & Film.
About sustainabill
With its cloud platform, sustainabill offers a comprehensive solution for managing sustainability and ESG risks in the supply chain. The company was founded in 2017 based on research conducted at the renowned Wuppertal Institute, one of the world’s leading think tanks for sustainability.
About NORD Holding
With a history of over 50 years and assets under management of € 3 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 divisions/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.