The Solingen-based Nesmuk GmbH & Co. KG was founded in 2008 and is a renowned manufacturer of exclusive and sophisticated cutting tools. In particular, the Damascus knives hand-forged by Nesmuk impress with their quality and timeless design.
The outstanding quality of Nesmuk knives is confirmed by their frequent use in Michelin-starred restaurants. Furthermore, guests can experience top-class menus in the in-house Genussloft by Nesmuk under the guidance of star chefs, the “Nesmuk Respect Ambassadors”.
Structured M&A-process
In May 2024, the management of Nesmuk GmbH & Co. KG filed an application for the opening of preliminary insolvency proceedings with the Wuppertal Local Court. Attorney Robin Schmahl from the law firm D'Avoine Teubler Neu Rechtsanwälte (ATN) was appointed provisional insolvency administrator.
The team of CVM Capital Value Management GmbH led by Managing Partner Kai Peppmeier was exclusively mandated to carry out a structured M&A process. In successful cooperation with the parties involved in the process, CVM managed to sell the company in the form of a transferring reorganization.
Team CVM: Kai Peppmeier (Managing Partner), Parwis Masomi (Principal), Nils Geigenmüller (Consultant)
Parallel to the M&A process, the insolvency administration was supported by TMC Turnaround Management Consult GmbH in the continuation of the company as a restructuring consultant.
Team TMC: Steffen Leininger (Partner), Anto Josic (Consultant)
Nesmuk GmbH & Co. KG was sold to Benner Holding GmbH. Benner Holding is a family business founded in 1882, which originally started out as a shoe store. Today, under the management of Dr. Dominik Benner, the company holds real estate investments as well as investments in the retail, agricultural, energy and gastronomy sectors. Its holdings include The Platform Group, which is a group of B2C platforms, and the renowned design furniture manufacturer THONET.
ATN is a corporate law firm with several offices in North Rhine-Westphalia and over 100 employees with particular expertise in restructuring and insolvency administration. According to Wirtschaftswoche, ATN is one of the top law firms in Germany in this field.
Capital Value Management GmbH (“CVM”) is a transaction advisory firm and an independent corporate finance consulting firm for companies in distressed, turnaround and restructuring situations. To date, the focus has been on supporting more than 130 transactions involving medium-sized companies from the industrial, retail and service sectors with a sales volume of between €10 million and €250 million. CVM structures, accompanies and coordinates the entire M&A process in close cooperation with the client's tax and legal advisors.
TMC Turnaround Management Consult GmbH (“TMC”), with offices in Dortmund, Wuppertal, Berlin and Bonn, has specialized in advising companies in turnaround situations for over 25 years. Its core competencies include reorganization and restructuring consulting, interim and risk management, distressed M&A as well as company sales and valuations.