Overview
Munich, January 24, 2025 – With a team led by Holger Ebersberger and Hanno Witt McDermott Will & Emery has advised NORD Holding on the sale of their majority stake in the OHRWERK Group to Demant A/S, a world-leading hearing healthcare group.
The OHRWERK Group was established in September 2020 by NORD Holding together with an experienced management team as a buy-and-build platform in the premium hearing acoustics market. Following the acquisition of the platform, the group expanded through a total of 17 acquisitions and several new openings to become one of the leading independent operators, now with 77 specialist stores across Germany.
NORD Holding is a private equity and asset management company with assets under management of around EUR 4 billion. The focus of NORD Holding’s direct business is on the structuring and financing of corporate succession models, the acquisition of parts of groups/subsidiaries and the expansion financing of medium-sized companies. The fund investment division focuses on the micro and small cap segment of medium-sized European private equity funds.
The McDermott team was led by partners Holger Ebersberger and Hanno Witt, and comprised partners Jana Grieb and Florian Schiefer, counsel Alexandra Prato and Laura Stammwitz as well as associates Nicole Kaps, Parsin Walsi, Lea Hachmeister and Lea Hauser.
