#REISS

Network Corporate Finance advised Branion e.G. on the sale of 100% of the shareholding in REISS Büromöbel GmbH in Bad Liebenwerda.

#Key data

Industry: Industrials
Client: REISS
Project type: M&A
Description: Sale to investors and management
Date: December 2006

Transaction

In line with its emphasis on core competences, Branion e.G., Overath, the largest purchasing and marketing conglomerate for office equipment in Europe, has fully disposed of its stake in REISS Büromöbel GmbH in Bad Liebenwerda. The sale was made to an acquiring company in which private investors have a 60% interest and the management of REISS Büromöbel GmbH has 40%.

 

Target Company

REISS Büromöbel GmbH manufactures office furniture at its site in Bad Liebenwerda: writing desks and height-adjustable desks and stools in particular, as well as office containers and shelving systems. Here REISS has a tradition spanning more than 125 years and is one of the most innovative suppliers in the sector. REISS is therefore living up to its reputation, not least in finding its way into the German language with "REISS nail" and "REISS board".

 

Key facts

Transaction value: not disclosed
Sector: Furniture industry
Sales: EUR 20.0 million (2006e)
Employees: 120
Date: December 2006

 

Client

Branion e.G., Overath

 

The role of Network Corporate Finance

Within a tight time frame, Network Corporate Finance identified potential buyers who were prepared to guarantee the site and jobs in the long term. In addition, the transaction included the financial restructuring of REISS Büromöbel GmbH and the building of new banking relationships. Network Corporate Finance negotiated the economic key points of the acquisition with a group of buy-and-hold private investors, who besides participating in the provision of funding, also had a prominent role in the management of the company.

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