Deal announcement

goetzpartners advised NORD Holding Small Cap

02. November 2023

goetzpartners advised NORD Holding Small Cap on the financing of the acquisition of HvS-Consulting AG

goetzpartners acted as sole debt advisor to NORD Holding Small Cap (“NSC”) and successfully secured an attractive financing solution for the acquisition of a majority stake in HvS-Consulting AG (“HvS”, or the “Company”), a leading provider of cybersecurity consulting and awareness training services. The founders and current directors will remain significantly involved and will continue to manage HvS.

Since its foundation in 2002, HvS has built a strong reputation for mission-critical cybersecurity services through its two business segments, Cybersecurity Consulting, and Security Awareness. With its broad service offering HvS helps its clients assess potential IT risks, implement management systems to prevent IT and business disruptions, mitigate damages by quickly responding in case of ongoing cyber-attacks and build awareness for cyber security risks among its clients’ workforces. Going forward, NSC will support the management in the expansion of the Company’s market positioning by constantly improving HvS’ already strong service portfolio, introducing new services and pursuing complementary add-on acquisitions in specialist disciplines.

goetzpartners’ debt advisory team secured a competitive financing package including an add-on acquisition facility to support the Company’s organic and inorganic growth going forward. The goetzpartners deal team provided key support during the entire financing process from educating and negotiating with potential lenders to giving key advice during the credit documentation phase until the successful closing of the acquisition. Based on our extensive expertise in structuring acquisition financing solutions in the business services sector, we managed to secure the most suitable debt package for our client on a tight timeline.

This transaction underpins goetzpartners' debt advisory expertise and strong execution capabilities as advisor of choice across Europe and within the technology and software space.

About HvS-Consulting AG
Since its foundation in 2002, HvS has been a leading security consultancy. With a holistic and pragmatic approach in providing premium services, HvS advises corporations and SMEs in all areas of IT security with the aim of protecting information and warding off cyber attacks. Thanks to its many years of experience, HvS offers a wide range of solutions in the field of IT security and Governance, Risk & Compliance (GRC). These include information security management according to ISO 27001, TISAX® or KRITIS, effective prevention against industrial espionage, incident response, penetration tests as well as a variety of training courses and e-learnings on topics such as cyber security, data protection and compliance under the awareness product brand IS-FOX.
HvS currently employs more than 50 people and has its headquarters in Garching near Munich.

About NORD Holding Small Cap
With over 50 years of history and assets under management of € 3.0 billion, NORD Holding is one of the leading private equity companies in Germany. Since 2022, NORD Holding has a dedicated Small Cap Fund with a target volume of € 100-125 million, which is advised by an experienced investment team based in Frankfurt / Main. NSC invests in established small cap companies that have a relevant market position or can achieve small cap through the support of NORD Holding. In contrast to most other financial investors, NSC does not invest in a generalist manner, but rather along clearly defined megatrends and the NORD Holding focus sectors.

Transaction Team:

Philipp Widmaier
Managing Director

Maximilian Zeiler

Alexander Rabel