W.E.S. sold in five weeks and 170 jobs secured

W.E.S. Kommunikation GmbH

The W.E.S. Kommunikation GmbH (W.E.S.)was founded in 2002 and is a leading multi-channel supplier for telecommunications products in Germany that is headquartered in Bochum. With its two subsidiaries One Brand Solutions GmbH and helfer-Line GmbH it operates a total of 30 retail shops in North Rhine-Westphalia. The company's online platform “handyflash.de” is a leading online supplier for telecommunications products. In addition to mobile and home phone contracts as well as mobile phones and accessory, the Group also sells gadget insurance and energy contracts and offers its customers a competent repair service.

Entire Sales Process

§  In only five weeks a new shareholder for the leading multi-channel supplier for telecommunications products could be found

§  On 1st June 2019 the einsAmobile Management GmbH („einsAmobile“) takes over the 170 employees of W.E.S. and continues the operations of:

o  the 16 iBuy shops,

o  the 7 Vodafone partner shops,

o  the 5 Telekom partner shops

o  the 2 O2 partner shops,

o  the online shop handyflash.de

o  the repair services

In April 2018, the management of W.E.S. filed for insolvency at the district court in Bochum. On 23rd April 2019 Ms. Dorothee Madsen (Bochum) from BRLBOEGE ROHDE LUEBBEHUESEN (BRL) was appointed as the (preliminary) insolvency administrator. By order of 31.05.2019, the insolvency proceedings concerning the assets of ABC were opened by the appointed insolvency administrator Ms. Dorothee Madsen.

On 24th April 2019 CVMCapital Value Management GmbH was mandated to support the business restructuring process and to conduct a structured investor process in consultation with the parties involved. In only 5 weeks, a total of 20 potential investors were negotiated. Through the successful collaboration with BRL and the management of W.E.S., CVM successfully sold the company on 31stMay 2019 to einsAmobile GmbH(einsAmobile), Obertshausen. Both the insolvency administrator and the creditors' committee have approved the sale.

All approx.170 jobs could be obtained.

The telecommunications distributor einsAmobile is a retail partner for mobile devices of well-known hardware manufacturers as well as resellers of almost all German network and service providers, based in Obertshausen. The company is a 100% subsidiary of mobilzone Holding AG (mobilezone). Founded in 1999, mobilezone is the leading independent Swiss mobile service provider. The company employs around 900 people at locations throughout the DACH region. The products and services include the complete range mobile phones, mobile and home phone contracts, digital TV, internet and a repair service. These are offered in 124 own shops in Switzerland, at 65 shop locations in Germany (partner shops) as well as online via various online platforms. In Germany, the group is also doing wholesale and is supplying retailers.