Creditors unanimously approve the restructuring solution of the insolvency plan. A consortium led by Madsack Mediengruppe acquires all shares in dvs and xendis via Deutschlandversand GmbH & Co. KG and continues both companies following their restructuring. RSM Ebner Stolz advised on the restructuring in self-administration with an experienced restructuring team.

Düsseldorf, 21 October 2026 - RSM Ebner Stolz has advised on the self-administration proceedings of dvs - Deutscher Versand Service GmbH and its subsidiary xendis GmbH with an experienced restructuring team. Within seven months, a solution was found to continue both companies by means of coordinated insolvency plans and an acquisition by a strategic investor.

dvs - Deutscher Versand Service GmbH is Germany's largest alternative letter service provider and specialises in the nationwide dispatch of business mail. Its customers include large-volume mailers such as banks and insurers, energy suppliers, retail and telecommunications companies as well as public authorities. xendis GmbH, a wholly owned subsidiary, is one of the largest postal service providers in Germany and, with a mail sorting centre in Essen and around 36 depots, handles last-mile delivery of mail in North Rhine-Westphalia. The two companies together employ around 520 people.

In February 2026, dvs - Deutscher Versand Service GmbH and xendis GmbH filed for the opening of insolvency proceedings in self-administration in order to reposition themselves for the future. This step was necessary in particular due to a structural price disadvantage of 19 percent resulting from the VAT privilege of Deutsche Post AG as the largest competitor, the tense competitive situation in the German letter and business mail market and significantly higher personnel costs. The self-administration proceedings were opened by the court on 1 June 2026.

The management teams were advised on legal matters by a restructuring team from RSM Ebner Stolz led by Dr. Marc Oberhardt. Attorney Dr. Markus Kier of the law firm Piepenburg Rechtsanwälte GbR was appointed as custodian by the local court. In addition, the companies were supported by Baker Tilly GmbH & Co. KG Wirtschaftsprüfungsgesellschaft with regard to the continuation of business operations. The investor process was led by the advisory firm Falkensteg Corporate Finance GmbH.

Business operations were fully maintained during the insolvency proceedings. By way of insolvency plans, the companies will be continued in a restructured and debt-free state. As a result of the insolvency plans, Deutschlandversand GmbH & Co. KG takes over all shares and continues the companies. Deutschlandversand GmbH & Co. KG is backed by a consortium of several larger delivery partners led by Madsack Mediengruppe from Hanover. This secures around 520 jobs across the group.

The insolvency plans were unanimously approved by the creditors on 23 September 2026. After expiry of the usual statutory periods, the competent court will shortly terminate the two self-administration proceedings.

Advisers to dvs and xendis: RSM Ebner Stolz
Dr. Marc Oberhardt (Partner in charge), Caroline Göb-Jungclaus, Dr. André Obman, Robin Bachmayer, Kai Niklas Elfering, Gina Kleene (all Restructuring), Dr. Eva Einfeldt (Partner), Lydia Voß (both Employment Law), Nadine Bläser (Antitrust), Dr. Victor Klene (Litigation)

This text was automatically translated from the German original.