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Bad Wünnenberg-Haaren, Germany, 19 May 2017. The management of Karlie Group GmbH has announced that Pet Supplies Beheer, the Dutch holding and parent company of Beeztees, has acquired Karlie Flamingo GmbH. The purchase agreement was signed on 17 May 2017. A full 100% of the equity interests as well as the trade names “Karlie Flamingo” and “Karlie” have been sold to the buyer. This means that the brand name “Karlie” will be preserved.
Karlie Group GmbH has been involved in debtor-in-possession proceedings since December 2016. The M&A process for its high-asset subsidiary Karlie Flamingo GmbH (German subgroup) has now been completed successfully. As part of the proceedings, the company is being supported by the attorneys and restructuring experts Dr Maximilian Pluta, Stefan Meyer and Markus Fünning of PLUTA Rechtsanwalts GmbH. The M&A process was carried out by the business consultancy hahn.consultants.
On 10 April 2017, the Paderborn Local Court opened the main proceedings concerning the assets of Karlie Group GmbH and approved debtor-in-possession management. The attorney Dr Jan Markus Plathner from Brinkmann & Partner has been appointed as the insolvency monitor to oversee the proceedings.
Karlie Group is an international wholesaler and producer of branded pet accessories and pet snacks. Beeztees is one of the leading B2B partners for pet accessories, with customers in more than 45 countries. The most important markets for the company, which was founded in 1979, are the Netherlands, Belgium and Germany.
Job and Guusje van Riel, the owners of Beeztees, state: “By acquiring Karlie, we have taken the unique opportunity to become one of the most important market players in Germany. As a strategic investor, we strongly believe in the Karlie brand and organisation. We look forward to working with the German team and developing the company further, which is renowned for its reliability, its innovations and its excellent service.”
Dominik Müser, Managing Director of Karlie Group GmbH, says: “Pet Supplies Beheer with its subsidiary Beeztees is the ideal new owner for Karlie Flamingo GmbH. In view of the difficult situation which was created by the insolvency of our Belgian subsidiary, we are really happy about the strategic investor for our company. We are thus in a position to offer both the company and its more than 100 employees good prospects for a successful future. With the help of the Beeztees management team we will be able to forge ahead with the positive operational development of Karlie Flamingo GmbH. We will continue to provide an excellent service for our customers and bring new innovations onto the market in future.”
About Karlie Group GmbH
Karlie Group GmbH, headquartered in Bad Wünnenberg-Haaren, Germany, is an international wholesaler and producer of branded pet accessories and pet snacks. The Group is primarily active in the European market and, based on its own assessment, is the number two pet accessories retailer in Europe.