Deal Announcement

goetzpartners advised Hubert Burda Media

Disposal of regional newspaper publisher Zeitungsverlag Schwerin GmbH & Co. KG

Sell-Side Advisory
Technology, Media, and Telecommunication
Transaction
August 2005
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goetzpartners advised

Hubert Burda Media on the

Sale

of Zeitungsverlag Schwerin
to Schleswig-Holsteinischer Zeitungsverlag

Value not disclosed

Fortlane Partners CORPORATE FINANCE GmbH today announced that it represented Hubert Burda Media GmbH & Co. KG (Burda) in the sale of Zeitungsverlag Schwerin GmbH & Co. KG (ZVS) to Schleswig-Holsteinischer Zeitungsverlag GmbH (sh:z). Fortlane Partners acted as exclusive M&A advisor to Burda. The transaction is subject to approval by the German Federal Cartel Office. The purchase price for the company was not disclosed. 

ZVS publishes the daily regional newspapers "Schweriner Volkszeitung", "Norddeutsche Neueste Nachrichten“ and "Der Prignitzer" with a total circulation of 116,000 copies and several advertising papers. 

sh:z is the largest publisher in the German federal state of Schleswig-Holstein with 14 daily newspapers (e.g. “Flensburger Tageblatt“, “Norddeutsche Rundschau“, “Holsteinischer Courier“) and a total circulation of approximately 190,000 copies. sh:z also publishes various advertising papers. 

With the disposal of ZVS, Burda continues to focus on its strategic core businesses, magazines and Internet. For Burda, sh:z is seen as the ideal new owner of the company. Burda is confident that sh:z will continue the success story of the “Schweriner Volkszeitung“. According to Fortlane Partners the transaction is a milestone in the ongoing consolidation of the German regional newspaper market. 

Transaction team: 


Dr. Gernot Wunderle

Managing Director 

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