Press release – Advising the shareholder of Arbeitsschutz-Express GmbH on the sale of its shares to Bunzl
Munich, April 1, 2023 – DMR Rechtsanwälte, under the lead of Dr. Thomas Ressmann, advised ConVis Holding GmbH as shareholder of Arbeitsschutz-Express GmbH on the sale of the majority of its shares to the Bunzl Group.
is a fast growing online retailer for workwear and personal protective equipment in Germany. As a digital platform, ASX combines a digital customer experience with a best-in-class B2B service approach. With >99% online generated revenue, ASX is the digital market leader in Germany and is leading the digital revolution of the still predominantly offline technical trade in the DACH region.
Bunzl prevailed in a bidding process initiated by Carlsquare. Bunzl is one of the leading global players in the technical retail sector. With sales of approximately EUR 14 billion, Bunzl is the largest value-added distributor of non-food consumables, with locations in North and South America, Europe, Asia-Pacific, and the UK and Ireland. Bunzl pursues an active acquisition and consolidation strategy and has invested more than EUR 5 billion in around 200 acquisitions since 2004, expanding its market position internationally.
With this deal, DMR Legal once again underscores its corporate advisory services, which, in addition to financing and restructuring advice, form the core of the business law boutique. In addition, the firm’s client portfolio once again shows that, in addition to advising VC and PE funds, it has also arrived in the German “Mittelstand”.
Advisor to ConVis Holding GmbH:
Dr. Thomas Ressmann (Federführung), Dr. Tobias Moser, Dr. Maximilian Degenhart, Fabian Wirths
Vielmeier Rieble: Dr. Stephan Vielmeier
Noerr: Dr. Florian Becker (Federführung), Dr. Georg Langheld, Dr. Kathrin Westermann, Christian Haagen