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ADVEO Italy buyers underestimated running costs

The transaction to acquire ADVEO Italy fell through because the prospective new owners were not fully aware of the business’s…

ADVEO Italy deal off

The eleventh-hour agreement to save ADVEO’s Italian subsidiary has collapsed. In a regulatory filing to the Spanish stock market authority…

ADVEO transaction closes

The acquisition of ADVEO’s operations in France, Belgium and the Netherlands by private equity firm Sandton Capital Partners has been…

Reprieve for ADVEO Italy

A binding offer for the acquisition of ADVEO’s Italian subsidiary has been received, the wholesaler has announced. Last month, the…

ADVEO France reassures the market

ADVEO France has issued a statement to the local trade outlining the benefits of its takeover by private equity firm…

ADVEO begins liquidation process in Italy

Following the failure to find a buyer for its operations in Italy, ADVEO is taking steps to liquidate its Italian…

Buyer withdraws from ADVEO Italy deal

Negotiations involving Italian distribution group GDN for the purchase of ADVEO Italy have ended without an agreement being reached. In…

PBS Holding looks to conquer Italy

Multichannel office products player PBS Holding has made the decision to take on the Italian market in 2019. OPI caught…

Albers joins Quantore

Industry veteran Dennis Albers has joined Dutch wholesaler Quantore as Head of Purchasing and Category Management. Albers joins the company…

Private equity firm reaches deal with ADVEO

ADVEO’s operations in France, Italy and Belgium are set to be acquired by private equity firm Sandton Capital Partners. In…

Court approves ADVEO insolvency plan

A Spanish commercial court has approved the voluntary insolvency proposed by European wholesaler ADVEO. In a regulatory filing with the…

ADVEO files an insolvency proceeding

Pan-European business supplies and stationery wholesaler ADVEO has filed for an insolvency proceeding after its lenders withdrew their support for…

ADVEO in creditor protection after Staples talks collapse

European business products wholesaler ADVEO has entered pre-insolvency proceedings after negotiations between its lenders and Staples Solutions ended without an…

Hot Topic: Game changers

When Staples and Office Depot decided almost simultaneously in 2016 to sell off their European operations – and their other…

Analysis: Staples Solutions makes ADVEO move

European office supplies reseller Staples Solutions has emerged as the “international industrial investor” that has signed an agreement with ADVEO’s…

Further steep declines at ADVEO

ADVEO’s delayed half-yearly results point to worsening Q2 trends for the European wholesaler. Back in May, the wholesaler reported disappointing…

ADVEO confirms Staples interest

ADVEO has said that the industrial investor looking to take control of the wholesaler is Netherlands-based Staples Solutions. In a…

Correction: ADVEO bank loan

In yesterday’s story ADVEO to be acquired? we incorrectly stated that a €20 million bank loan would be made available…

ADVEO to be acquired?

An unnamed “international industrial investor” has signed an agreement with ADVEO’s lenders to acquire all of the wholesaler’s financial debt,…

Spotlight: Turning the corner

When pan-European wholesaler ADVEO invited some 140 vendor partners to a hastily-arranged meeting in Paris, France, at the end of…

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Court dismisses Essendant motion in GPC lawsuit

Genuine Parts Company (GPC) can move ahead with its ‘breach of contract’ legal proceedings against Essendant, a Delaware court has…