PwC Legal and Menold Bezler advise Mayer-Kuvert-network GmbH on major restructuring

July 17, 2018

Düsseldorf, June 8th 2018

Together with Menold Bezler Rechtsanwälte Partnerschaft mbB (Menold Bezler), PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft (PwC Legal) provided Mayer-Kuvert-network GmbH with comprehensive legal advice on its restructuring. During that process, a family office acquired an 80% majority stake in the owner-run Mayer-Kuvert-network GmbH from its former shareholders. In doing so, the family office also discharged existing shareholder loans and extensive bank loans for which Mayer-Kuvert-network GmbH and its various subsidiaries were liable.

PwC Legal Stuttgart carried out the legal process management and led the negotiations during the entire M&A transaction. In addition to the actual transaction structuring and contract negotiations, this included, in particular, the execution of legal due diligences by the PwC network in respect of the foreign subsidiaries belonging to Mayer-Kuvert-network GmbH in Belgium, Bulgaria, the Czech Republic, Denmark, France, Hungary, Ireland, Latvia, Lithuania, the Netherlands, Norway, Poland, Russia, Slovakia, Sweden, Switzerland, the United Kingdom and Ukraine.

The financial restructuring of the entire Mayer-Kuvert Group was comprehensively overseen by Menold Bezler. This included the preparation and implementation of an insolvency plan procedure under self-administration for the subsidiary BlessOf GmbH & Co. KG. In addition, Menold Bezler carried out the legal due diligence for the German group companies within Mayer-Kuvert-network GmbH.

With more than 35 companies in 18 countries, Mayer-Kuvert-network is the largest European envelope manufacturer. Almost 20 billion envelopes are produced by the Group annually on 136 coil and 59 sheet processing machines. The Mayer-Kuvert-network group of companies employs approximately 1,750 people throughout Europe. The acquirers come from the immediate environment of Schwarz-Gruppe, Neckarsulm.

Advisors to Mayer-Kuvert-network GmbH:

PwC Legal (Stuttgart):

Dr. Steffen Schniepp (lead), Dr. Minkus Fischer, Dr. Thomas Wenninger, Axel Rinnert, Karsten Horch, Helena Schoch, Stephan Schaal (all corporate/M&A, Stuttgart) and Andreas Kupsch (corporate/M&A, Munich)

PwC (Stuttgart):

Manuela Guth, Thorsten Holt (all tax, Stuttgart)

Menold Bezler Rechtsanwälte Partnerschaft mbB (Stuttgart):

Dr. Frank Schäffler (lead), Felix Rebel and Jost Rudersdorf (M&A), Steffen Follner (finance/M&A), Jochen Sedlitz and Dr. Jasmin Urlaub (during insolvency plan procedure of BlessOf GmbH & Co. KG), Dr. Steffen Kircher, L.L.M. (real estate law), Dr. Alexandra Kierner (commercial), Robert Elhardt (labour law), Stefan Messmer and Dr. Jochen Bernhardt (antitrust law)

For further information please contact:

Sven Humann
PwC Press Department
Tel: +49 221 981-2188
Write an email


Franziska Jandl
Menold Bezler Press Department
Tel: +49 711 687 30 28
Write an email


About PwC Legal

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 230 lawyers at 17 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work.

PwC Legal is a member of the worldwide PwC Legal network, with more than 3,200 lawyers offering their services in 90 countries worldwide.

About PwC

The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 158 countries, more than 236,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax and Business Consulting.

The brand name, PwC, refers to the PwC network and/or to one or several of its member firms, each of which is a separate legal entity. Further details under

About Menold Bezler

Menold Bezler is one of the leading medium-sized commercial law firms in Germany. More than 90 professionals in Stuttgart provide consulting to private companies and the public sector on all aspects of commercial law: from labour law, company law, competition law and antitrust law, energy and real estate law right through to environmental and planning law, and public procurement law. The law firm supports clients on reorganisations, corporate acquisitions, financing and capital market transactions, as well as during restructuring and succession planning. The Juve Handbuch Wirtschaftskanzleien (Juve Handbook of Commercial Law Firms) published by Juve Verlag für juristische Information in Cologne places Menold Bezler in the top 30 commercial law firms in Germany. For more information, please visit

Share this post


Dr. Steffen Schniepp


Tel: +49 711 25034-1103

Dr. Minkus Fischer


Tel: +49 711 25034-1372

Dr. Thomas Wenninger


Tel: +49 711 25034-1717