Press Releases

Günzburg-based Sungrade Photovoltaik GmbH has filed for insolvency. Following this, on 2 October 2025, the Local Court of Neu-Ulm ordered provisional insolvency administration for the company’s assets and appointed Mr Florian Zistler from PLUTA Rechtsanwalts GmbH as provisional administrator.

Concept Maschinenbau GmbH, which acquired the business of the insolvent Kiener Maschinenbau GmbH in 2023, has initiated (provisional) debtor-in-possession insolvency proceedings before the competent court.

PALUX AG, the GUSTATUS Group’s principal company, has been able to successfully complete its debtor-in-possession proceedings. By order dated 30 September 2025, the Local Court of Crailsheim, as the competent court, ordered that the proceedings be terminated on 1 October 2025. The commercial kitchen manufacturer can therefore operate independently again and is well placed for the future.

Restructuring expert Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has announced a successful M&A outcome in the proceedings for Scantinel Photonics GmbH: the insolvency administrator today signed a purchase agreement with an international consortium of investors based in Europe and the US.

Pechtl CNC-Frästechnik GmbH based in Böbingen intends to restructure under insolvency proceedings and has filed the relevant application. By order dated 25 September 2025, the Local Court of Aalen ordered provisional insolvency administration and appointed restructuring expert Mr Florian Zistler from PLUTA Rechtsanwalts GmbH as provisional administrator.

A long-term funding guarantee has been secured for Kreiskliniken Dillingen-Wertingen gGmbH: the Dillingen an der Donau district assembly met today and unanimously approved the financing commitment for the years 2026 and 2027. The hospital board had already unanimously voted in the past week to recommend that the district assembly approve the financing. This decision marks a major milestone in the ongoing protective shield proceedings and increases the prospects of a successful restructuring.

The search for an investor for Sande Stahlguss GmbH has been officially launched. Provisional insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has initiated a structured M&A process to ensure the company’s survival and prosperity. The aim is to secure a strategic partner or financial investor that will strengthen the company’s long-term future.

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has announced positive news for creditors of Ekowep GmbH & Co. KG, a biogas plant operator based in Ostrhauderfehn in the Leer district: the insolvency administrator has achieved a recovery rate of 100% in the proceedings. He can therefore fully satisfy all filed insolvency claims within the meaning of section 38 of the German Insolvency Code (InsO).

The Local Court of Stuttgart has opened debtor-in-possession proceedings for the assets of Schuh Graf GmbH & Co. KG. The footwear retailer’s repositioning can therefore proceed as planned. The aim is to restructure the company under the debtor-in-possession proceedings and put it on a viable footing. Retailer Schuh Graf based in Baden-Württemberg is thereby responding to the changed market environment. The business is continuing to operate as usual and its stores remain open.

Restructuring expert Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has provided an update on the Scantinel Photonics GmbH proceedings. The provisional insolvency administrator is currently conducting a structured M&A process and is negotiating with several interested parties in Germany and further afield.

In the debtor-in-possession proceedings for Sono Motors GmbH, insolvency monitor Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has paid an initial dividend to creditors amounting to 4.0%. A further payment to creditors is planned for 2027 at the earliest, provided that all assets have been realised.

Following the sale of the main assets (such as the brand rights) of eyewear manufacturer Menrad, insolvency administrator Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has now disposed of two important international holdings of the Menrad Group. The buyers have signed the relevant purchase agreements and the parties have agreed not to disclose the financial details.

Sande Stahlguss GmbH has filed for insolvency. Following this, on 3 September 2025, the competent court, namely the Local Court of Wilhelmshaven, ordered provisional insolvency administration for the company’s assets and appointed attorney Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional administrator.

There is positive news in the debtor-in-possession proceedings for UBC Composites GmbH: after several months of continued business operations and a complex transaction process, the automotive supplier has found an investor.

Panemano GmbH based in Augsburg has filed for insolvency. Following this, on 29 August 2025, the Local Court of Augsburg, as the competent insolvency court, ordered provisional insolvency administration for the company’s assets and appointed Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator. The company operates the 32° | Die Werkstatt für Genuss organic artisan bakery located on Maximilianstraße 37 in Augsburg, which remains open for business as usual.

The PLUTA team has achieved continuation solutions for the Harz Mountains and Lake Schwerin locations in the debtor-in-possession proceedings for erlebnistage gGmbH. Effective 1 September 2025, the respective site managers kept on the staff at both locations and are maintaining operations with newly founded companies. Negotiations with parties interested in the third location in the Bavarian Forest are currently at an advanced stage, with a takeover expected to be concluded in October. There is therefore a strong likelihood that continuation solutions will be found for all three erlebnistage locations under the debtor-in-possession proceedings.

Having kept the business operating for more than seven months within the framework of insolvency proceedings, administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has found a follow-up solution for Strandhotel Kurhaus Juist GmbH. After extensive discussions and negotiations, the restructuring expert reached an agreement with an acquirer. Asteria Hospitality Juist GmbH has taken over the business and kept on all 40 or so employees effective 1 September 2025.

ICT company Auerswald has initiated debtor-in-possession restructuring proceedings in order to position itself for the future. Management filed the relevant applications for Auerswald GmbH & Co. KG and its affiliate Auerswald Gesellschaft für Datensysteme mbH, and the Local Court of Braunschweig approved both proceedings on 29 July 2025.

The longstanding luggage brand STRATIC is entering a new era with a strong international partner: After the approval of the creditors' meeting in the in-court restructuring proceedings under debtor-in-possession management, STRATIC is now part of the ECHOLAC Group, Hong Kong. Management remains in the hands of Axel Bree.

Kreiskliniken Dillingen-Wertingen gGmbH can continue to restructure as a debtor in possession under in-court restructuring proceedings as planned. At a creditors’ assembly held yesterday in the Nördlingen Town Hall, creditors fully supported the restructuring approach taken for the company, unanimously confirming both the debtor-in-possession proceedings and the insolvency monitor. This means that management and the PLUTA team have reached another important milestone for the hospital.

The Local Court of Neu-Ulm ordered provisional insolvency administration for the assets of MH GmbH Automatisierungstechnik on 1 August 2025. Attorney Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has been appointed provisional insolvency administrator. The restructuring expert has now initiated the process of finding an investor for the manufacturer of special-purpose machinery.

Restructuring expert Mr Michael Wahl from PLUTA Rechtsanwalts GmbH has sold the main assets of Kick GmbH to GRAEWER Tooling Technology GmbH as of 1 August 2025. The attorney has therefore achieved the ideal solution for the Göppingen-based tooling company in the process of finding an investor.

Under the debtor-in-possession proceedings for Boryszew Oberflächentechnik Deutschland GmbH, the PLUTA Rechtsanwalts GmbH team has found an investor for the site in Prenzlau. Energy supplier ENERTRAG signed the purchase agreement in July for the project site in Prenzlau, which will be the location of a hydrogen production facility with an electrical connection capacity of 130 megawatts. With the signing of the notarised agreement, ENERTRAG has reached a key milestone in the implementation of one of Germany’s largest IPCEI-funded hydrogen projects.

Scantinel Photonics GmbH has filed for insolvency. By order dated 6 August 2025, the Local Court of Ulm then ordered provisional insolvency administration and appointed restructuring expert Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator.

Störk Metallbearbeitung GmbH based in Bad Saulgau has been involved in insolvency proceedings for the past four weeks, with attorney Mr Michael Wahl from PLUTA Rechtsanwalts GmbH having been appointed provisional administrator. The restructuring expert has now initiated the process of finding an investor for the company.

Following the approval of the creditors’ committee, the asset deal for hofer AG was successfully concluded and the contracts for the company were signed on 30 July 2025. Having completed this step, the restructured company seamlessly commenced its operations on 1 August. Through the transfer of the relevant employees and infrastructure, the asset deal ensures all projects can continue. The majority of staff as well as all key teams are still involved in the ongoing projects. There were no delays for customers at any stage in the proceedings and existing contracts remain valid.

On 1 August 2025, the Local Court of Ravensburg opened as planned both insolvency proceedings for the healthcare centres operated by Medizin Campus Bodensee (MCB): Medizinisches Versorgungszentrum GmbH at Friedrichshafen Hospital and MVZ Tettnang GmbH. Mr Steffen Beck from PLUTA Rechtsanwalts GmbH was appointed insolvency administrator for both proceedings, having already been acting as provisional administrator for the companies.

ESG Leer GmbH has filed for insolvency. On 24 July 2025, the Local Court of Leer ordered provisional administration for the care provider’s assets and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

Mr Christian Heim from PLUTA Rechtsanwalts GmbH has announced welcome news in the proceedings for Pflegezentrum Breite Straße Hohenlockstedt GmbH: the attorney has achieved a sustainable follow-up solution for the nursing home. The company inter pares Residenz Breite Straße GmbH will acquire the facility’s operations and all assets by way of an asset deal effective 1 August 2025. The purchase agreement was signed in the past week. All jobs will be saved, with 40 employees being kept on. The residents’ continued care is also guaranteed.

Insolvency administrator Mr Patrick Meyerle from PLUTA Rechtsanwalts GmbH has found an additional solution in the insolvency proceedings for a corporate group. Following the sale of netgrade GmbH and datamints GmbH, the attorney has also secured an investor for belboon GmbH based in Berlin. Affiliprint Deutschland GmbH, a competitor and part of the Linehub Group, has acquired the business by way of an asset deal.