Eckhardt Marine GmbH (Germany) - Dec 2007

unquote
01 December 2007

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NORD Holding Unternehmensbeteiligungsgesellschaft mbH has invested as a ‘stille Gesellschafter’ in Eckhardt Marine GmbH, based in Hamburg. NORD Holding operates an evergreen structured fund to finance expansion and buyouts of medium-sized companies. Current turnover is reported to be around €80m. By expanding Eckhardt Marine’s international business and broadening the service portfolio, it is planned to boost turnover in the next year to more than €100m.

Company

Eckhardt & Co KG was founded in Hamburg, Germany, in 1901 as an international trading house for mining and metallurgical products, scrap and related raw materials. The company established shipbreaking yards in Germany, Spain and the US. Eckhardt Marine GmbH was set up in 1981 for the sale and purchase of demolition vessels. The company handles all types of vessels, whether laid-up or trading, damaged or in working condition, shipwrecks, pontoons and oil drilling platforms. In addition, the company offers a full range of services: insurance, towage, pre-feasibility studies considering the pollution, control, environmental and safety impacts of scrapping locations. Eckhardt Marine has 15 full-time employees and hires specialist consultants for individual projects. It ranks among the world’s top three players in the sector.

People

Jens Lüders handled the transaction for NORD Holding, with CEOs Günther Werle and Briac Beilvert representing Eckhardt Marine GmbH. Hartmut Bendlin, partner at Hamburg-based management consultancy ConsultingKontor, advised.

Sourced from: Deutsche unquote" 94 (Jan 2008)