Media network m&m Media Holding takes over Schreiner & Van Bokkel Group - without outside money.m&m Media Group, owned by Wolfgang Mecklenburg zu Liddow, took over 95 percent of the media agency Schreiner & Van Bokkel Group BV, based in Rotterdam, on January 1, 2005. The remainder is held by the existing Dutch management. Schreiner & Van Bokkel Group is the largest independent media agency in the Netherlands. It currently serves around 900 clients and generates annual sales totaling 300 million Swiss francs with its five subsidiaries in Rotterdam, Apeldoorn, Eindhoven, Amsterdam and The Hague, as well as with its Belgian subsidiary in Brussels.Schreiner & Van Bokkel Brussels (sales of around 78 million Swiss francs) remains excluded from the takeover by m&m for the time being. It was spun off from Schreiner & Van Bokkel Group BV and remains under the management of the current owners Pierre Schreiner and Frans Van Bokkel. It is currently only just in the black, which is why a
integration into the m&m holding company would be out of the question in two years at the earliest, explains Wolfgang Mecklenburg. However, a close and long-term cooperation has been agreed with the Brussels company, which is allowed to keep its name for the time being.
Pierre Schreiner and Frans Van Bokkel have decided to sell the agency chain they founded in 1991 for reasons of age. The company in Holland will continue to be run by managers Herco Tibboel (CEO) and Rob Kamsteeg (CFO). Pierre Schreiner and Frans Van Bokkel, however, will remain on the supervisory board for three years.
Turnover now over 750 millionWith this expansion, m&m Media Holding, which was founded in 1982 by Wolfgang Mecklenburg, has its headquarters in Bassersdorf and is already active in Germany, France and Austria in addition to Switzerland, has finally reached European stature. Switzerland's largest media agency, which is independent of international networks, now manages advertising budgets worth a net total of over CHF 750 million with a total of almost 150 employees. The holding company now comprises the following companies: The agencies m&m and mm&b, both in Glattbrugg, mm&b in Stuttgart and Höchenschwand, mm&b in Paris, mm&b in Vienna, and Schreiner & Van Bokkel Group BV in Rotterdam. mm&b in Vienna is currently being restructured, and expansion into Prague and Budapest is imminent.
Among the larger customers that m&m Holding wins in Holland are Toyota, Lexus and Suzuki, which are also serviced by mm&b in Switzerland. Although various brands such as Subaru, Hyundai and Daihatsu were also previously serviced on a cross-border basis, there is currently no customer that the holding company now represents in all its countries. "Despite possible synergies, that was and is not the main goal, because that would also give us a cluster risk," says Mecklenburg, who with a lot of luck survived the collapse of the Erb Group a year ago almost unscathed. He says his holding company intends to generate its sales primarily from national markets, with international customers contributing no more than 30 percent.
The Board of Directors of m&m Holding now consists of four members: In addition to Chairman Wolfgang Mecklenburg and the two lawyers Peter B. Arnold and Aurelio A. Ferrari, Mecklenburg's wife Riccarda recently joined the board. A board to be formed with the CEOs of the individual national companies will report directly to the BoD.
Management remains in the family Cooperation with Schreiner & Van Bokkel, Brussels, also takes place at this level: the independent company takes part in the regular board meetings. In Switzerland, mm&b will continue to be led by CEO Claudia Mühlebach, while - as already announced - there will be a change at m&m: CEO Maike Juchler will leave the agency on March 1, to be replaced by Rolf Suter, previously head of Goldbach Media in Vienna.
Wolfgang Mecklenburg also presides over the Supervisory Board of Schreiner & Van Bokkel Group in Rotterdam. Other Supervisory Board members are his wife and the previous owners Schreiner and Van Bokkel.
At the same time as he takes over the Dutch media agency, Wolfgang Mecklenburg announces that he will gradually hand over the management of the country board to his wife in the course of 2006, thus handing over the operational management of m&m Media Holding to her. Riccarda Mecklenburg is currently completing further training as a media MBA in Berlin. In addition to his strategic tasks, however, Wolfgang Mecklenburg will continue to look after individual long-standing clients in Switzerland and accompany the integration of the newly acquired Dutch-Belgian agency group.
From its own funds There are no details about the purchase price that m&m Media Group is paying for Schreiner & Van Bokkel Group. But Wolfgang Mecklenburg emphasizes that the takeover is being financed entirely from his own funds. To this end, the couple founded Mecklenburg Finanz AG. This company took out a loan from m&m Holding and at the same time received funds from the Mecklenburgs' private assets. Another part of the purchase price will be financed from Schreiner & Van Bokkel Group's profits over the next three years.
Old contactThe fact that m&m Holding is able to take over Schreiner & Van Bokkel Group is ultimately due to an age-old contact between Wolfgang Mecklenburg and Frans Van Bokkel. The two knew each other from their time at Lintas/Unilever International (before 1976). In 2003 they met again, realized that they were both thinking about succession solutions for their companies. Then, when the solution presented itself at m&m with
Riccarda Mecklenburg, a deal was finally reached after long negotiations lasting over a year. (mk)
European thoroughbred horses symbolize the country mix of m&m Media Holding.
Markus Knöpfli