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The Fulda-based printing house “ppm Fulda GmbH & Co. KG” (“ppm Fulda”) specializes in web offset productions. The investors PENTAPART Beteiligungs GmbH (“PENTAPART”) and Aurona Capital GmbH (“Aurona”) continue to secure jobs at the renovated traditional company.
Due to increased procurement prices due to the corona pandemic and the Ukraine war, former managing director Martin Schöbe relied on the proven instrument of protective shield procedure to restructure ppm Fulda through restructuring measures. The company was advised on restructuring law by Wellensiek in Frankfurt am Main. Prof. Lucas Flöther acted as trustee.
Restructuring measures were initiated and implemented right after insolvency proceedings began in November 2022. Together with creditors, a comprehensive concept was negotiated, which was finally approved on 27.07.2023, and the proceedings were lifted at the end of August. The restructuring process has now been completed and creditors receive a significantly higher ratio than usual on average.
The new managing director Tobias Kehm will now further develop customer relationships together with investors in order to establish a long-term basis for further acquisitions in the industry. Acquisitions and further expansion of sales are planned.
Bernd Schell, managing director of AURONA, says: “I am delighted to have a competent partner at my side in PENTAPART and am convinced that together with our new managing director, Mr. Tobias Kehm, we will steer ppm Fulda GmbH Co. KG into a successful future. ”
Wolfgang Sonnleitner, PENTAPART, is also positive about the future: “Due to the good starting position due to the cooperative behavior of customers, suppliers and employees during the structuring process, I see ppm Fulda on a solid path into the future. ”
Dr. André Schröer, novaerion, Düsseldorf, adds: “We are delighted that we were once again able to advise Mr. Schell and his partners on the execution of such a transaction; following the acquisition of Peter Ruppel GmbH & Co. KG, this is now the second case within a few months. ”
The acquirer consortium was advised on insolvency law by ResNova in Essen (lead: Dr. Matthias Merkel) and employment law by law firm 746 from Düsseldorf (Tobias Frommhold).
About novaerion: novaerion GmbH, based in Düsseldorf, acts as a transformation and transaction consultancy. The areas of advice range from strategic reorganizations and earnings crises to support as part of comprehensive restructuring procedures as a CRO and as M&A support in special situations.
Press contact:
Patricia Schalke
BusinessOperations
novaerion GmbH
Am Wehrhahn 100
40211 Dusseldorf
Telephone: +49 211 769799 86
email: info@novaerion.com
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