By Troesser Communication, October 2026
Leverkusen, October 1, 2026. fm Büromöbel, the high-revenue and profitable company within the insolvent Vivonio Group, is being transferred to a new owner. Strongly positioned in the market and operationally future-proof, it is the last of several companies in the Group to be sold.
The sale to Orlando Capital
Troesser & Co., acting as Chief Restructuring Officer of the Vivonio Group, has supported the sale of all shares in fm Büromöbel GmbH to Orlando Capital GmbH. The agreements were signed on August 20, 2026; the CRO mandate ends upon closing. The transaction remains subject to antitrust clearance.
Marc Trösser has served as CRO of the Vivonio Group and of fm Büromöbel GmbH for around 2 years. On behalf of Troesser & Co., Dr. Ulrich Lammer has supported the M&A process and serves as the link between the company, the insolvency administration, and the financing banks.
“Throughout this process, our focus has been on transparently demonstrating the company’s operational stability and profitability throughout the investor process and on laying the groundwork for a smooth change of ownership. Through close, trust-based cooperation with management, the insolvency administration, and the creditors, we have created the conditions for fm Büromöbel to continue its successful path under the new ownership structure.” Marc Trösser, Managing Partner Troesser & Co.
Background on the Vivonio Group
The sale is rooted in the insolvency of the parent company Vivonio Furniture GmbH, headquartered in Munich, which filed for insolvency at the end of November 2024. This was triggered by persistently weak demand in the German furniture industry, as well as rising interest rates and raw material costs. Troesser & Co. had already been engaged a few weeks before the insolvency filing to steer the process professionally from the outset.
Through a series of real estate and company sales, creditors are being satisfied step by step. The largest single deal in the realization of Vivonio’s business sites was the sale of the former factory property of the insolvent Maja-Möbelwerk Treuhand GmbH & Co. KG in Wittichenau to the footwear manufacturer Birkenstock. Likewise, the sale of the operating property of Martin Staud GmbH was completed quickly and successfully following agreement with the financing banks. The operating business of Martin Staud GmbH itself was already transferred to an investor consortium last year. As part of the wind-down of the KA companies, these were sold to a foreign investor. Another transaction was the sale of the stake in Leuwico GmbH.
With the sale of fm Büromöbel, the most valuable company of the former Vivonio Group, the last and most significant piece of this multi-part wind-down process is now being successfully completed.
“Troesser & Co. has driven the process forward very pragmatically and at high speed from the very beginning – this has been instrumental in ensuring that fm Büromöbel is being handed over to a new owner in an orderly manner and with positive future prospects.” Dr. Dietmar Haffa, Insolvency Administrator
fm Büromöbel itself was neither insolvent nor in economic difficulty. It continued to operate independently with the approval of the financing banks and remained consistently profitable. It was not only the preservation but, more importantly, the targeted strengthening of the company through forward-looking investments that secured the best possible outcome for creditors throughout the ongoing sale process. That was the core of the mandate.
“For the financing banks, it was crucial that Troesser & Co. acted professionally and with short lines of communication as the link between the banks and fm Büromöbel – from operational support and development to the final negotiations with Orlando Capital, Marc Trösser and Dr. Ulrich Lammer and their team were consistently involved.” Dr. Ulrich Klockenbrink, Willkie Farr & Gallagher LLP, representative of the financing banks
“Throughout the entire M&A process, Troesser & Co. was a reliable operational sparring partner for us.” Christopher Moormann, Managing Director fm Büromöbel GmbH
Upon completion of the transaction following antitrust clearance, full entrepreneurial responsibility will transfer to Orlando Capital, and Troesser & Co.’s CRO mandate will end at that point. Business operations will continue without restriction at both locations, while ongoing customer and supplier relationships as well as the workforce will remain unchanged.
Troesser & Co. thanks all project participants for their trusted and constructive cooperation throughout the entire process, in particular Schultze & Braun, IMAP M&A Consultants AG, GÖRG Partnerschaft von Rechtsanwälten mbB, and Willkie Farr & Gallagher LLP. Special thanks also go to the management of fm Büromöbel for the close and open cooperation during the sale process.
About fm Büromöbel
fm Büromöbel GmbH, headquartered in Bösel, Lower Saxony, has stood for quality, functionality, and “Made in Germany” design for more than 60 years – from ergonomic desks and storage solutions to modular meeting and lounge concepts. The company employs around 420 people at its sites in Bösel (Germany) and Ampflwang (Austria). Its value chain spans everything from concept and design through production to transport and installation. In doing so, the company combines a modern production line with its own manufactory, where more than 20 technicians, master craftsmen, and specialists work on custom-made products. fm-bueromoebel.de
About Troesser & Co.
Troesser & Co. is an international management consultancy that combines concept and execution under one roof. The firm develops solutions together with its clients’ leadership teams and sees the implementation through to the result. Its partners work hands-on in the projects. This approach is applied across very different situations, in growth and performance improvement as much as in transformation, transactions, or restructuring. In addition, Troesser & Co. takes on executive mandates as CRO, CFO, or interim manager. The firm has offices in Leverkusen, Munich, São Paulo, Miami, and Mexico City. troesser.com
Parties involved
Transaction advisory:
Troesser & Co. GmbH (Marc Trösser, Dr. Ulrich Lammer)
Seller/Insolvency administrator:
Schultze & Braun (Dr. Dietmar Haffa; Dr. Philipp Esser)
M&A advisory sell-side:
IMAP M&A Consultants AG (Henning Graw, Atanas Petkov)
Legal advisory M&A:
GÖRG Partnerschaft von Rechtsanwälten mbB (Dr. Jan-Henric Punte)
Legal advisory to the financing parties:
Willkie Farr & Gallagher LLP (Dr. Ulrich Klockenbrink, Dr. Jan-Mark Steiner)
Media Contact
André Matias, Marketing, Troesser & Co.
Email: andre.matias@troesser.com