Clearwater International acted as sole financial adviser to NORD Holding Unternehmensbeteiligungsgesellschaft mbH on the sale of CDA Holding GmbH to Optical Experts Manufacturing Inc.
CDA, headquartered in Suhl, Germany, with approx. 200 employees, has generated a turnover of approx.€35m in the current financial year. The company is one of the largest independent manufacturers of optical storage media in Europe and has in recent years evolved to become the leading European replicator of chip-based storage devices in the automotive sector. In addition, CDA has successfully established itself in the market as a manufacturer of components with micro structures.
With its over 40-year history, NORD Holding is among the leading private equity investors for upper mid-sized companies. Their main focus is the structuring and financing of corporate succession models, the acquisition of parts of groups and subsidiaries, and the expansion and financing of SMEs. NORD Holding operates as a so called “Evergreen Fund”.
OEM, headquartered in Charlotte, USA, is a manufacturer of optical data storage. The company offers packaging and assembly, fulfilment and distribution, media replication and print procurement for its customers. OEM is placing its trust in the innovativeness of CDA, at its location in Suhl, and sees great potential for CDA’s innovative products in the US market.
Clearwater International, led by partner Axel Oltmann, advised NORD Holding.