I-ADVISE advising Mayersche Buchhandlung on the merger with Thalia
January 2019: I-ADVISE AG supported the merger of Mayersche Buchhandlung KG and Best Of Books (B.O.B) with Thalia GmbH. The combination of 55 Mayersche bookstores in North Rine-Westphalia and Rhineland-Palatinate and the 300 Thalia stores in German speaking countries including Best Of Books (B.O.B) are forming Europe’s leading family-led bookseller.
Ongoing challenges in retail markets require innovative concepts and new alliances to sustain market success. Thalia and Mayersche are merging into an innovative bookseller with a strong regional footprint in the German speaking market, and the most successful omni-channel bookselling business. I-ADVISE provided Financial Due Diligence services to Mayersche and supported in all financial aspects of the merger.
I-ADVISE provided Mayersche Buchhandlung with Financial Due Diligence and financial advisory.
In 1817 Mayersche Buchhandlung was founded in Aachen by Jacob Anton Mayer. It celebrated its second centenary anniversary in 2017 and is ever since its foundation a family owned business. Today Mayersche is run by the Falter family and is represented in 55 stores in the Western part of Germany. The Shop-in-Shop provider Best of Books is also part of the Mayersche business. In total, 1000 employees including 120 trainees are employed by Mayersche.
Thalia was established in 1919 in Hamburg and is market leader in retail bookstores in German-speaking countries. Thalia is owned by the Herder, Kreke, Busch and Göritz families. Thalia operates ca. 300 stores in Germany and Austria, including a 50% share in more than 30 Orell Füssli Thalia PLC bookstores in Switzerland. Thalia’s successful omni-channel strategy enables customers to access its products via all existing sales channels. Thalia employs 5,000 people.