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