Online retailer for printers, Freyer & Ploch, sold via asset deal

Munich, 12 March 2015. Freyer & Ploch IT-Fachhandel GmbH, Kirchheim (Germany) is a leading online retailer, specialized in the distribution of printers and printer accessories. The company recently generated annual sales of EUR 44m with 44 employees via several own online shops (e.g., and as well as via amazon and ebay.


Non-operating difficulties forced managing director Florian Freyer to file for insolvency on 18th of December 2014. Restructuring expert Dr. Matthias Hofmann, attorney-at-law (law firm Pohlmann Hofmann), has been appointed as preliminary insolvency administrator by the local court, Munich.

The preliminary insolvency administrator successfully stabilized the company´s business operations in coordination with Mr. Florian Freyer, enabling the entry of a new strategic investor. As a result of a broadly defined M&A process and parallel negotiations with several investors, Freyer & Ploch IT-Fachhandel GmbH was acquired by IT-Handelsgesellschaft mbH within 7 weeks. IT-Handelsgesellschaft mbH is part of the bluechip Computer AG Group, located in Meuselwitz (Germany). The group was founded in 1991 and combines PC manufacturing and distribution activities in Germany. With its 270 employees, bluechip Computer AG recently achieved sales of approximately EUR 160m. The offer convinced by its comprehensive concept, focusing on the continuation and further development of the insolvent company.

The assets were transferred to the acquiring company IT-Handelsgesellschaft mbh with effect of 1st of March 2015 (opening of insolvency proceedings). Operations at the location in Kirchheim will be continued by the buyer.

ACXIT Recovery Management was exclusively mandated as M&A-Advisor to the preliminary insolvency administrator and the general management.

About Pohlmann Hofmann Insolvenzverwalter

Pohlmann Hofmann Insolvenzverwalter is one of the leading law firms in southern Germany with thirteen attorneys-at-law, being dedicated to insolvency administrations. Their partners Rolf G. Pohlmann, Dr. Matthias Hofmann and Dr. Björn Hellfeld are exclusively engaged as insolvency administrators, insolvency experts as well as custodians in self-administrations under ESUG. The law firm is specialized in restructuring and reorganization of ongoing businesses in insolvency proceedings, the handling of insolvency proceedings with complex legal situations as well as fraudulent and dispute insolvencies. (

About ACXIT Recovery

ACXIT Recovery Management as part of ACXIT Capital Partners, is an independent consultancy firm exclusively dedicated to distressed Mergers & Acquisitions. ACXIT Recovery delivers tailored solutions and transactions to small and medium sized companies as well as to insolvency administrators. The partners of ACXIT Recovery were in charge of over 80 successful transactions in restructuring and insolvency situations over the last eight years.

ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and abroad. Since 1998 we offer our clients comprehensive corporate finance advisory services including M&A, capital markets as well as restructuring and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna, Hong Kong as well as strong alliances in China, India and USA. (

Press contact:

ACXIT Recovery Management GmbH
Campus der Ideen
Balanstrasse 73
81541 Munich


Christian Nicolas Bächstädt, Managing Partner

Transaction Team:

Christian Nicolas Bächstädt, Managing Partner
Dr. Daniel Kiechle, Senior Associate
Julia Rall, Analyst