Livingstone\u2019s Distressed team has advised arti Kalender & Promotion Service GmbH, formerly part of Bertelsmann, on its sale to strategic acquirer Dr. Ing. Neumann-Wolff AG.<\/p>\n
The history of arti dates back to 1971. Initially established as a small printing division, as part of the Bertelsmann Group, the firm quickly became a leading calendar publisher for wall and appointment calendars in Germany. Since October 2014 arti operates separately in the market and officially became independent, located in Herzbrock-Clarholz, in 2016. In this year, the firm generated a turnover of approximately \u20ac25m with 120 employees.<\/p>\n
On the 27th<\/sup>\u00a0of September 2017, the company filed for insolvency proceedings in self-administration, at the district court in Bielefeld. Attorney Stefan Meyer (PLUTA Rechtsanwalts GmbH, L\u00fcbbecke) was appointed as the preliminary trustee of the self-administration (\u00a7 270a InsO). With the approval of the preliminary trustee end of October 2017, the management of the self-administration, advised by Buchalik Br\u00f6mmekamp Unternehmensberatung GmbH,D\u00fcsseldorf, mandated Livingstone to run a structured M&A process.<\/p>\n Within a short period of time, Livingstone directly approached and selected potential worldwide investors. Having the choice between national and international buyers, the creditors’ committee decided to accept the offer of Dr. Ing. Neumann-Wolff AG. The Neumann Group has operated for more than 65 years and publishes, produces and sells calendars, printing and stationary products.<\/p>\n Dr. Jasper Stahlschmidt, consultant for management at Buchalik Br\u00f6mmekamp, commented:\u00a0\u201cWith Dr. Neumann-Wolff AG, we have found a market-leading company for arti, which is able to continue the firm\u2019s business with 71 employees, offering a promising future for arti.\u201d<\/p>\n Dr. Andr\u00e9 Schr\u00f6er, Partner at Livingstone, added:\u00a0\u201cWithin the international M&A process, contrary to our initial assessment, we received a positive feedback from a large number of interested parties, particularly from abroad. In Dr. Ing. Neumann-Wolff AG we are glad to win a renowned company with an extensive M&A experience, which will continue arti\u2019s business and strengthen it in the future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3443,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-17699","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":"","date":"20180401","client_type":58,"type":[1063],"region":[404],"services":[469],"sectors":[899,903],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"\n