Mayer-Kuvert-network GmbH ("Mayer-Kuvert-network") has expanded its group of shareholders in the course of a capital increase to include a German family office, which will also become the new majority shareholder. Founded in 1877, the family-owned company Mayer-Kuvert-network, based in Heilbronn, Baden-Wuerttemberg, is the largest European manufacturer of envelopes, with over 35 companies in 18 countries.
The entire Group produces around 20 billion envelopes annually and generates sales of around EUR 220 million. Mayer-Kuvert-network employs around 1,750 people throughout Europe. The Company is regarded in the industry as a pioneer in the environmentally friendly production of envelopes. In addition to envelopes and dispatch packaging, the product range also includes paper carrier bags and individual advertising envelopes.
Since the beginning of 2017, the company has been undergoing a process of restructuring and realignment. The new majority shareholder is investing in the expansion of the sites and plans to support Mayer-Kuvert-network in market development and the strengthening of new, growth-oriented products in the field of dispatch packaging (light packaging).
"This transaction has a strategic dimension and will sustainably strengthen our group. We will expand our market leadership in Europe in our core market of envelopes. In a challenging market environment, the development of the Light Packaging division will form a backbone in our strategy, which we will actively shape together with our new majority shareholder. Furthermore, strategic acquisitions are planned in Europe," emphasizes Mayer-Kuvert-network CEO Thomas Schwarz. "We would like to thank IMAP Germany for their excellent support in this highly complex M&A process over the past months and for their active assistance in the financing process.”
The IMAP team consisting of Peter A. Koch, Henning Graw, Alexander Kamb and Simon Borst exclusively advised the shareholders of Mayer-Kuvert-network in their search for a suitable partner and supported them in economic, financial and process-tactical aspects.
The report is based on the results of a survey undertaken at the end of 2018, whereby IMAP partners across the world were asked for their views on the M&A markets in 2018, as well as their expectations for 2019.
IMAP was able to increase the number of successfully completed transactions in 2018: from 204 to 208 deals worldwide and from 20 to 25 transactions in Germany. This puts IMAP again among the top 10 M&A advisors for deals up to USD 500m in the Thomson Reuters ranking.