Salem, N.H.—Intermediate Capital Group has taken a minority stake in rubber flooring firm Nora Systems as part of a refinancing agreement. The company said it is investing in its Weinheim, Germany, location as well as in the Middle East and South America. Majority shareholder, Capiton AG, will continue its commitment for the next phase of development.
Nora systems produces resilient rubber flooring mainly for hospitals, industry and universities. As a new shareholder, Intermediate Capital Group will take over the minority share from the regional bank L-Bank Private Equity GmbH. Intermediate Capital Group is a market-listed financial investor that finances and invests in organizations in attractive markets.
“We are focusing on an increase in revenue in selected regions and market segments worldwide,” said Nora CEO, Andreas Mueller. “With a stable owner structure we have the necessary support in order to grow exponentially as a strong company with a broad foundation in Germany.”