280,000 m² site of insolvent Kabel Premium Pulp & Paper GmbH sold to VGP

As part of a structured investor process, approximately 280,000 m² of the total 370,000 m² site of Kabel Premium Pulp & Paper GmbH was sold to project developer VGP N.V. Individual sub-areas were not included in the transaction.

Until it closed its business operations, Kabel Premium Pulp & Paper GmbH specialized in the production of high-quality wood-containing graphic papers, which serve as the basis for offset and gravure printing for the production of magazines, catalogs, and advertising materials. Unfortunately, the ongoing digitalization of the advertising industry and the massive increase in factor costs, especially for energy, made it impossible to continue operating the business. Most recently, the company generated sales of over EUR 200 million and employed approximately 420 people.

VGP plans to develop the approximately 280,000 m² portion of the site it has acquired into a modern commercial and industrial park, particularly for companies in the manufacturing, light industrial, and logistics sectors.

Structured investor process following insolvency filing

On March 6, 2025, the Hagen Local Court ordered preliminary insolvency proceedings. The Local Court appointed Prof. Dr. Peter Neu, attorney at law, from ATN - d'Avoine Teubler Neu - Rechtsanwälte as preliminary insolvency administrator. On June 1, 2025, insolvency proceedings were opened and business operations were discontinued.

The team at CVM Capital Value Management GmbH, led by Managing Partner Kai Peppmeier and Parwis Masomi (Partner), was exclusively mandated to carry out a structured M&A process.

CVM Team: Kai Peppmeier (Managing Partner), Parwis Masomi (Partner), Nils Geigenmüller (Consultant), Marco Fiedler (Consultant)

About the parties involved

VGP NV (“VGP”) is a pan-European owner, manager, and developer of high-quality logistics and light industrial real estate, as well as a provider of renewable energy solutions. VGP has a fully integrated business model with extensive expertise and many years of experience across the entire value chain. VGP currently has 412 full-time employees in 18 European countries, operating directly and through several 50:50 joint ventures.

https://www.vgpparks.eu/

With over 100 employees at several locations in North Rhine-Westphalia, ATN is one of the leading law firms in the field of restructuring and insolvency administration, according to WirtschaftsWoche.

www.atn-ra.de

Capital Value Management GmbH is a transaction advisory and independent corporate finance consulting firm for companies in special, transitional, and restructuring situations.

Its focus is on supporting transactions for medium-sized companies in industry, trade, and services with a turnover volume of between €10 million and €250 million. CVM designs, supports, and coordinates the entire M&A process in close cooperation with the clients' tax and legal advisors.

www.cvm-gmbh.de