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Your press contact: Patrick Sutter, relatio PR, +49 89 210 257-0, presse@pluta.net

RMB also takes over SHW CT in Wasseralfingen and Machining Technologies in Königsbronn

October 11, 2018 · Ulm, Germany · Business Area Restructuring

  • PLUTA team succeed in finding a solution involving previous investor
  • All 176 employees will be kept on
  • Business operations continuing successfully during debtor-in-possession proceedings

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PLUTA Expert Dr Rigol appointed as provisional Administrator for Montessori Establishments in Bergisch Gladbach

October 9, 2018 · Cologne · Business Area Insolvency Administration

The chairman of the Parents Association for the Promotion of Montessori Education (Montessori Elternverein e. V.), which has its registered office in Bergisch Gladbach, Germany, has filed for insolvency with the competent Local Court of Cologne on 17 September 2018. The court has appointed the attorney Dr Ruth Rigol from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator and expert.

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PLUTA Expert Dr Kaufmann achieves long-term Solution for Child, Youth and Family Support Institution in Bremen

October 5, 2018 · Bremen, Germany · Business Area Insolvency Administration

The insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has found a new operator for the child, youth and family support institution “Synthese Kinder-, Jugend- und Familienhilfe GmbH & Co. KG”. Operations at the sites in Fröbelstraße, Lobbendorfer Straße and Buntentorsteinweg as well as the outpatient service have been taken over by the Bremen-based child and youth support institution “Bremer Kinder- und Jugendhilfe gGmbH” with effect from 1 October 2018. This means that the company has been restructured by way of an asset transfer and that Dr Kaufmann and his PLUTA team were able to preserve 33 jobs, i.e. approximately two thirds of the company’s previous staff. It has been agreed that the purchase price will not be published.

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Holzverpackung Hüfingen sold to strategic Investor PILOUS from Czech Republic

September 28, 2018 · Hüfingen, Germany · Business Area Restructuring

  • PLUTA team restructured the company as part of debtor-in-possession proceedings
  • Investor will absorb all staff

The PLUTA team headed by Mr Jochen Glück has succeeded in finding an investor for the wooden packaging company Holzverpackung Hüfingen GmbH & Co. KG. PILOUS, a renowned specialist for industrial packaging, will take over the company, including the subsidiary in Spain, with effect from 31 October 2018. The purchase agreement has already been signed, and the creditors’ assembly unanimously approved the sale this week. In future, the company will be operating under the name “Holzverpackung Hüfingen GmbH” in Germany.

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PLUTA Attorney Ilkin Bananyarli sells Gewa Tower to CG Gruppe AG

September 28, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

Insolvency administrator Mr Ilkin Bananyarli from the restructuring company PLUTA has succeeded in finding a solution for Gewa Tower following a long series of negotiations with various investors. CG Gruppe AG, which operates throughout Germany, has now taken over Gewa Tower in Fellbach. The corresponding purchase agreement was signed this morning. The investor and Mr Bananyarli agreed not to disclose any details concerning the terms and conditions of the transaction.

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PLUTA Attorney Dr Nawroth appointed as the provisional Administrator for a major agricultural Enterprise

September 27, 2018 · Kassel, Germany · Business Area Insolvency Administration

On 31 August 2018, the Local Court of Korbach appointed Dr Mario Nawroth from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for Diemel-Holstein GbR. The company operates a major agricultural enterprise with more than 1,000 dairy cows and a breeding programme as well as 240 hectares of farming land. The salaries of the 14 employees are guaranteed for a period of three months thanks to the so-called insolvency substitute benefits.

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HÖHN GmbH turning itself around as Debtor in Possession – PLUTA providing Advice on Restructuring Process

September 20, 2018 · Ulm, Germany · Business Area Restructuring

Yesterday, the company HÖHN GmbH filed for debtor-in-possession proceedings with the Local Court of Ulm. Business operations will continue without any restrictions. The salaries of the 206 employees are guaranteed for a period of three months thanks to the so-called insolvency substitute benefits. The staff were informed by those authorised during a staff meeting.

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Michael Pluta succeeds in finding long-term Solution for MAAS Profile

September 17, 2018 · Heilbronn, Germany · Business Area Insolvency Administration

  • Newly formed company MAAS Profilzentrum takes over business operations
  • 110 jobs saved
  • Operations will continue without any interruption

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Michael Pluta appointed as provisional Administrator for BULLYLAND GmbH

September 7, 2018 · Ulm · Business Area Insolvency Administration

Yesterday, Mr Michael Pluta from PLUTA Rechtsanwalts GmbH was appointed as the provisional insolvency administrator of the Spraitbach-based company BULLYLAND GmbH by the Local Court of Aalen. He is already present in the long-established company together with his team.

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Investor Solution found by PLUTA Expert Dr Kaufmann for Shipbuilder now effective

September 11, 2018 · Bremen · Business Area Insolvency Administration

The insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for FerroCon Shipbuilding GmbH. Business operations will be taken over by the newly founded company Shipbuilding UG by means of an asset transfer. The creditors’ assembly approved the purchase agreement on 7 September 2018, with the follow-up solution becoming effective on 1 August 2018.

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Creditors’ Assembly approves Investor Solution found by PLUTA Attorney Torsten Gutmann for Care Service Provider

September 5, 2018 · Hanover, Germany · Business Area Insolvency Administration

The PLUTA restructuring expert Mr Torsten Gutmann succeeded in finding a long-term solution for Aktive Engel GmbH. He has sold the business operations of the care service provider based in Bockenem to a competitor. Following approval by the creditors’ assembly, this transaction came into force on 3 September 2018. A total of 27 employees have been kept on by the new owner.

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PLUTA Restructuring Expert Michael Bremen to continue D-TEC Industrie Design Business

August 21, 2018 · Düsseldorf · Business Area Insolvency Administration

The attorney Mr Michael Bremen from the restructuring firm PLUTA has been appointed as the provisional insolvency administrator for the furnishing specialist D-TEC Industrie Design GmbH. On 23 July 2018, the Local Court of Düsseldorf ordered the proceedings to be opened and appointed the restructuring expert Mr Michael Bremen as the provisional administrator.

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PLUTA Expert Stefan Meyer to continue HKF Temp Agency Business

August 17, 2018 · Bielefeld, Germany · Business Area Insolvency Administration

By an order issued on 16 August 2018, the Local Court of Bielefeld has appointed the restructuring expert Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for HKF Personalprojekte GmbH.

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Dr Christian Kaufmann from PLUTA appointed as provisional Administrator for Synthese

August 3, 2018 · Bremen, Germany · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has been appointed as the provisional insolvency administrator for the Bremen-based child, youth and family support institute “Synthese Kinder-, Jugend- und Familienhilfe GmbH & Co. KG”. He previously acted as the provisional insolvency monitor for the company.

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SCONVEY Business to be shut down

July 31, 2018 · Ulm, Germany · Business Area Insolvency Administration

SCONVEY GmbH, based in Giengen an der Brenz, has to wind down business operations. In spite of numerous talks with several potential investors, the insolvency administrator Mr Michael Pluta from the restructuring company PLUTA was unable to find a buyer for the company.

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PLUTA Attorney Steffen Beck appointed as the provisional Administrator for GENO AG

July 12, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

On 5 July 2018, the Local Court of Ludwigsburg appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for GENO AG.

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PLUTA Attorney Beck appointed as the provisional Administrator for the Printing Company Hertle

July 6, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

The printing company Druckerei Hertle GmbH has filed for the opening of insolvency proceedings relating to their assets. By its decision taken on 26 June 2018, the Local Court of Esslingen ordered provisional proceedings and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator. The company, based in Kirchheim unter Teck in Swabia, has 27 members of staff, whose salaries are guaranteed thanks to the insolvency substitute benefits.

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Restructuring of Bagel Bakery making Progress

July 4, 2018 · Gutenborn, Germany · Business Area Insolvency Administration

• PLUTA attorney Dr Thiemann appointed as insolvency monitor
• Customers and suppliers are supporting the restructuring course

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PLUTA Restructuring Expert Dr Lehr finds Investor for Lift Component Supplier

June 29, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

The insolvency administrator Dr Matthias Lehr from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for SLC Sautter Lift Components GmbH & Co. KG. With effect from 1 July 2018, business operations will be taken over by the newly founded company Sautter Lift Components GmbH by means of an asset transfer. Ms Alexandra Sautter, previously responsible for human resources and legal affairs, will become managing director and principal partner of the new company. 25 per cent of the equity interests will be acquired by long-standing employees of the company.

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PLUTA Restructuring Expert Ingo Thurm holds Talks with Investors for Start-up Company Smartjobr

June 28, 2018 · Hanover, Germany · Business Area Insolvency Administration

Ingo Thurm from PLUTA Rechtsanwalts GmbH is in the process of finding an investor for Smartjobr GmbH based in Hanover. The provider of a platform for freelancers had to file for insolvency at the beginning of June, whereupon the Local Court of Hanover appointed Mr Ingo Thurm as the provisional insolvency administrator.

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PLUTA Restructuring Expert Dr Kaufmann appointed as provisional Administrator for a Shipbuilder

June 26, 2018 · Bremen, Germany · Business Area Insolvency Administration

FerroCon Shipbuilding GmbH based in Westoverledingen has filed for insolvency. With an order issued on 7 June 2018, the Local Court of Leer has appointed the restructuring expert Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for the company.

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Several potential Investors for Grüntenlifte

June 21, 2018 · Kempten · Business Area Insolvency Administration

Good news for the ski lift operator Grüntenlifte. The provisional insolvency administrator Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has received four concrete offers from investors and two non-binding offers. The period for the submission of offers ended last Friday.

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Local Court of Aurich confirms Debtor-in-Possession Proceedings for SKN Group

June 8, 2018 · Norden · Business Area Insolvency Administration

  • PLUTA attorney Dr Kaufmann appointed as the insolvency monitor
  • Restructuring measures for the long-established printing and publishing group on course

The restructuring process for the SKN Group is still on course. As expected, the court responsible, the Local Court of Aurich, opened insolvency proceedings for the assets of the major companies in the SKN Group on 1 June 2018. In accordance with the relevant application, the local court ordered debtor-in-possession management and appointed Dr Christian Kaufmann as the insolvency monitor at the same time. This means that the SKN board of directors will continue to be in charge of managing the business.

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Hagedorn acquires B+R site

June 8, 2018 · Gütersloh · Business Area Insolvency Administration

  • PLUTA attorney Dr Thiemann sells site in Gütersloh
  • Area of approximately 52,000 square meters to be revitalised

The insolvency administrator Dr Stephan Thiemann from PLUTA Rechtsanwalts GmbH succeeded in selling the site belonging to Brüggershemke + Reinkemeier KG. The company filed for insolvency in September 2016. The new owner of the site is Hagedorn Revital GmbH based in Gütersloh, which will prepare a new concept for using the largest part of the site. The sales transaction was approved by the creditors’ assembly. Those responsible have agreed to maintain strict confidentiality about the purchase price.

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PLUTA Restructuring Expert Dr Kaufmann finds new Operator for Hesel Retirement Home

June 7, 2018 · Bremen · Business Area Insolvency Administration

• Local investor to take over the retirement home and the staff

• Operations will continue without any interruption

• Very high recovery rate expected for creditors

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Restructuring of Kannenberg Academy completed – ordinary Insolvency Proceedings opened

June 6, 2018 · Bremen · Business Area Restructuring

The debtor-in-possession proceedings for Akademie Lothar Kannenberg GmbH, which were monitored by the PLUTA restructuring expert Dr Kaufmann and his team, were ended on schedule following restructuring and the transfer of the last institute to an investor. The proceedings were transferred into ordinary insolvency proceedings by the Local Court of Walsrode.

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PLUTA Restructuring Expert Michael Wahl ensures the Future of Fashion Outlet in Allgäu

May 30, 2018 · Ulm · Business Area Insolvency Administration

The insolvency administrator Mr Michael Wahl from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for UDT Handelsgesellschaft mbH. He sold the business operations and part of the inventory to the newly founded Fashion Lifestyle GmbH based in Oberstaufen. This means that the future of the three fashion outlets in Bad Hindelang, Oberstaufen and Schwangau is secured. 15 employees will be kept on by the new owner.

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Takeover of SHW CT in Königsbronn now completed

May 24, 2018 · Königsbronn, Germany · Business Area Restructuring

  • Closing terms of the purchase agreement have been met
  • Mr Marcus Katholing, Managing Director, and the PLUTA team are selling the casting company to a strategic investor

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PLUTA Restructuring Expert Michael Bremen is the provisional Administrator of the Software Company fidis

May 23, 2018 · Düsseldorf, Germany · Business Area Insolvency Administration

The attorney Mr Michael Bremen from the restructuring company PLUTA is the provisional insolvency administrator of fidis finanz- und daten-informations services GmbH. The Local Court of Düsseldorf ordered the proceedings on 8 May and appointed the restructuring expert Mr Michael Bremen as the provisional administrator.

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SKN Group gives Staff Information on the current Status of Restructuring

May 18, 2018 · Norden, Germany · Business Area Insolvency Administration

  • The restructuring concept presented includes provisions for preserving the three core businesses ‒ printing, newspaper and publishing
  • Negotiations with the works council about a social compensation plan and a reconciliation of interests have been successfully completed
  • The attorney Dr Kaufmann from PLUTA is overseeing the proceedings in his role as provisional insolvency monitor

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