CMS advises consortium led by Dieter von Holtzbrinck and Marc Zeimetz on acquisition of postal company PIN AG

Stuttgart – A consortium led by Dieter von Holtzbrinck Vermögensverwaltung GmbH and Marc Zeimetz has signed an agreement with existing owner Quantum Capital Partners to acquire regional postal company PIN AG of Berlin and its three subsidiaries. PIN AG recently acquired the business operations of postal service provider PIN Mail AG from Postcon as part of the sale of the German activities of Dutch postal service PostNL to Quantum Capital Partners. The transaction is currently awaiting approval from Germany’s Federal Cartel Office. Details of the transaction were not disclosed. 

A CMS team headed by lead partner Dr Maximilian Grub advised Holtzbrinck Vermögensverwaltung GmbH on all legal aspects of the transaction. 

Among other interests, Dieter von Holtzbrinck holds a 50% stake in weekly newspaper “Die ZEIT” and in Berlin daily newspaper “Tagesspiegel” via DvH Medien GmbH. Former Holtzbrinck manager Marc Zeimetz is a business angel and was chairman of the supervisory board of PIN Mail AG for many years. 

Headquartered in Berlin, PIN Mail AG was established in 1999 and describes itself as one of the biggest private postal service providers in Europe. The company employs around 1,300 people and handles up to 750,000 items a day in its dedicated sorting centres. PIN AG is the first wholly-owned subsidiary of the Postcon Group to be sold.

CMS Germany

Dr Maximilian Grub, Lead Partner
Dr Sabina Krispenz, Principal Counsel
Dr Tobias Will, Senior Associate
Simone Philipp, Associate, all Corporate/M&A
Dr Rolf Hempel, Partner
Martin Cholewa, Senior Associate, both Competition & EU
Dr Werner Walk, Partner, Employment
Dr Peter Ruby, Partner
Dr Andreas Grunert, Counsel, both Banking & Finance
Dr Dorothee Janzen, Partner
Birgit Wagner, Senior Legal Consultant
Alexander Borchers, Coordinating Legal Consultant
Shae Lynn Washington, Legal Consultant, all Smart Operations

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