Special Situations & Restructuring
CDI GLOBAL TRANSACTION
"Werkladen Conzen Kunst Service GmbH is a family business that has been owner-managed since 1854 and has long established itself as a leading provider of everything to do with art. In addition to its headquarters in Düsseldorf, the company had a further location in Cologne with the ""Bild & Rahmen Werkladen"". "
Conzen in June 2020 to three different strategic investors, who divided the individual business areas (stationary business/separate locations/online shop) among themselves.
Following transaction team facilitated the transaction for our client.
About the sector
The services sector in Germany accounts for three quarters of all employed persons and generates around two thirds of GDP, making it the largest and fastest growing economic sector in Germany. The market grew strongly in the last decade, often with double-digit growth rates. Optimal infrastructure, high productivity rates and highly qualified personnel make Germany an extremely attractive location for the provision of services.