Livingstone D\u00fcsseldorf\u2019s Special Situations team has advised the insolvency administrator Dr. Peter Neu on the sale of the insolvent bathroom furniture manufacturer Posseik M\u00f6belfabriken GmbH to Posseik M\u00f6bel GmbH, a subsidiary of Emotion Warenhandels GmbH, Bremen.<\/p>
Posseik M\u00f6belfabriken is a leading manufacturer of bathroom furniture, shelving, office furniture and floorboards. Prior to its insolvency, the company generated revenues of more than \u20ac6m.<\/p>
\u201cThe sale secures employment for the remaining workforce in an independent and productive company in Wermelskirchen. In Posseik M\u00f6bel GmbH and its parent company Emotion Warenhandels GmbH, we have found an investor who will guide the company back to a stable financial footing, focusing on future investments in its online business\u201d,<\/em> <\/strong>says insolvency administrator Dr. Peter Neu<\/strong>, lawyer at the law firm ATN d\u2019Avoine Teubler Neu in Wuppertal.<\/p> In June 2015, Dr. Peter Neu appointed Livingstone to run a structured M&A process. Livingstone approached strategic acquirers and investors. A major challenge to this process was the ability to identify suitable acquirers in an extremely short time frame. This was crucial if the transaction was to reach a successful conclusion.<\/p> \u201cThe acquisition of such a famous brand further enhances our brand offering and strategic expansion strategy. We thank the Livingstone team for their professional support throughout this transaction\u201d,<\/em> <\/strong>said Dominik Salehi, general manager of Emotion Warenhandels GmbH.<\/strong><\/p> Dr. Andr\u00e9 Schr\u00f6er, Director at Livingstone D\u00fcsseldorf,<\/strong> commented: <\/strong>\u201cWe are very pleased to have found a strong partner for Posseik M\u00f6belfabriken GmbH in the highly competitive furniture market environment. Our sector knowledge and insight was crucial in ensuring the completion of this transaction.\u201d <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3120,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-4981","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":"","date":"20150824","client_type":61,"type":[1079,1083],"region":[1154],"services":[420],"sectors":[532,536,966],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"\n