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Your press contact: Patrick Sutter, relatio PR, +49 89 210 257-22, press@pluta.net

Large majority of creditors approve insolvency plan for Otterndorf-based clinic

17 September 2021 · Bremen · Business Area Insolvency Administration

A large majority of creditors (97.75%) have approved the Krankenhaus Land Hadeln Otterndorf GmbH insolvency plan presented to them. The clinic, based in Otterndorf, can therefore move ahead with the new ownership structure set out in the insolvency plan. Prior to this, insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH had succeeded in finding an investor in the proceedings for the insolvent clinic. The creditors’ committee voted in favour of the offer tabled by the Cuxhaven district and, thus, the clinic’s remunicipalisation.

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Cloud service provider scanplus from Ulm to restructure itself under debtor-in-possession proceedings

8 September 2021 · Ulm · Business Area Restructuring

Cloud service provider scanplus has filed an application for the opening of debtor-in-possession insolvency proceedings. The company will be supported in the proceedings by a PLUTA restructuring team under Dr Maximilian Pluta and Mr Stefan Warmuth, also general agents of scanplus GmbH. The Local Court of Ulm ordered the provisional debtor-in-possession proceedings and appointed Professor Dr Martin Hörmann from law firm Anchor Rechtsanwälte as provisional insolvency monitor. He will monitor the proceedings while representing the interests of creditors.

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Mechanical engineering firm Emil Bucher to continue operating

2 September 2021 · Ulm · Business Area Insolvency Administration

The Local Court of Göppingen ordered provisional insolvency administration for the assets of Emil Bucher GmbH & Co. KG today and appointed Mr Michael Pluta from PLUTA Rechtsanwalts GmbH as provisional administrator. Filing for insolvency became inevitable for the mechanical engineering firm due to liquidity problems. The company’s business operations will continue in Eislingen without any restrictions.

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Strategic investor acquires entire C.F. Maier casting division

20 August 2021 · Business Area Restructuring

Chief Restructuring Officer (CRO) Mr Marcus Katholing and the PLUTA team have found an investor for the entire C.F. Maier casting division. Effective 1 October 2021, the business operations of C.F. Maier Giesserei Scheeff GmbH & Co KG and C.F. Maier Metallbearbeitung GmbH & Co KG, both based in Nersingen-Straß (68 employees), and of C.F. Maier Leichtgusswerk GmbH & Co KG based in Königsbronn (38 employees) will become part of the sphere of influence of investor Mr Lothar Thoni. All 106 members of staff will be given employment by the investor. The purchase agreements have already been signed. The parties involved have agreed not to disclose any details concerning the purchase price.

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PLUTA restructuring expert Florian Zistler appointed provisional administrator for AUGENSTEIN

9 August 2021 · Ulm · Business Area Insolvency Administration

The Local Court of Neu-Ulm ordered provisional insolvency administration for the assets of AUGENSTEIN Maschinenbau GmbH, based in Günzburg, and appointed attorney Mr Florian Zistler, of PLUTA Rechtsanwalts GmbH, as provisional administrator on 6 August 2021. Filing for insolvency became inevitable for the well-known mechanical engineering company due to liquidity problems, resulting from a recent drop in orders and sales due to the effects of the coronavirus pandemic.

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PLUTA attorney Peter Roeger appointed as provisional administrator for cleaning company MIR

4 August 2021 · Würzburg · Business Area Insolvency Administration

Provisional insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH is in the process of holding initial talks with parties interested in cleaning company MIR Gebäudereinigung und Dienstleistungen GmbH. The company, based in Schwebheim, Bavaria, filed for insolvency two weeks ago.

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PLUTA restructuring expert Dr Kaufmann secures the future of clinic in Otterndorf

20 July 2021 · Otterndorf · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has found a solution for clinic Krankenhaus Land Hadeln, based in Otterndorf.

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Restructuring expert Michael Pluta finds investor for automotive service provider ZSK

16 July 2021 · Ravensburg · Business Area Insolvency Administration

Restructuring expert Mr Michael Pluta from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor solution for ZSK GmbH. Following negotiations with several investors, a management buyout (MBO) has now been completed with the establishment of a new company, ZSK Automotive GmbH. A total of 20 jobs have been saved as a result. Insolvency administrator Mr Michael Pluta has been supported during the proceedings by Mr Stefan Warmuth, an attorney, business management expert and tax consultant.

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PLUTA restructuring experts Fritz Zanker and Steffen Beck achieve solution for the RPM Rüster Group

15 July 2021 · Stuttgart · Business Area Insolvency Administration

Insolvency administrators Mr Fritz Zanker, an attorney and tax consultant, and Mr Steffen Beck, an attorney for general law and a specialist attorney for insolvency law, from PLUTA Rechtsanwalts GmbH have found a follow-up solution for the RPM Rüster Group from Deggingen. The buyers are two newly established subsidiaries of the Navigator Group, a medium-sized, owner-managed holding company based in Munich. Around 50 employees will be kept on. The purchase agreements have been signed, effective 1 July 2021. The parties involved have agreed not to disclose the purchase price.

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Long-standing Bremen company Wilhelm Rosebrock acquires Louis Neukirch

10 June 2021 · Bremen/Stuhr · Business Area Insolvency Administration

Effective 1 June 2021, Wilhelm Rosebrock, a long-standing removal and logistics company based in Bremen, has acquired Louis Neukirch, a logistics company from Stuhr specialising in the transport of new furniture. With the contracts having been signed last Friday, Wilhelm Rosebrock managing director Mr Martin Sommer stated, “We are very pleased that, especially in these challenging coronavirus times, we have been able to ensure that such a long-established company remains in business thanks to our acquisition.”

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PLUTA restructuring expert Georg Jakob Stemshorn keeps Schwarze Kiste in Augsburg operational

27 May 2021 · Augsburg · Business Area Insolvency Administration

Insolvency administrator Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH can look back positively on the maintenance of business operations at Schwarze Kiste in Augsburg over the past year. Since the company filed for insolvency, the PLUTA restructuring expert and Mr Florian Zistler have been successful in keeping the hospitality business operational – despite the coronavirus pandemic and the inability to access state supports in the context of the insolvency. The business, which is well known in the region, has been involved in insolvency proceedings since March 2020.

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Restructuring of Otterndorf-based clinic to continue under ordinary insolvency proceedings

19 May 2021 · Otterndorf · Business Area Insolvency Administration

The Local Court of Cuxhaven ordered provisional insolvency proceedings for the assets of Krankenhaus Land Hadeln Otterndorf GmbH today and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional administrator. Accordingly, the proceedings conducted under debtor-in-possession management to date will be continued as ordinary insolvency proceedings.

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Creditors’ assembly approves EMT insolvency plan

18 May 2021 · Penzberg · Business Area Insolvency Administration

Creditors unanimously approved the insolvency plan for EMT Ingenieurgesellschaft Dipl.-Ing. Hartmut Euer mbH at today’s discussion and voting meeting. The assembly was held at the Weilheim town hall in Upper Bavaria. The drone manufacturer’s restructuring under debtor-in-possession management is therefore almost completed and it will be possible to terminate the proceedings following court confirmation.

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Wochenblatt creditors receive 100% of their claims from PLUTA administrators in two proceedings

17 May 2021 · Ulm · Business Area Insolvency Administration

Insolvency administrator Mr Michael Wahl from PLUTA Rechtsanwalts GmbH has been able to satisfy all claims of the creditors of Wochenblatt Verlag Ravensburg GmbH & Co. KG. The insolvency court will soon invite lower-ranking creditors to file their claims. After that, the proceedings will be concluded.

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Insolvency plan secures port personnel service provider’s future

4 May 2021 · Bremen · Business Area Restructuring

An overwhelming majority of creditors (99.92%) has approved the insolvency plan presented by management in the proceedings for GHBV (Gesamthafenbetriebsverein im Lande Bremen e.V.), the personnel service provider for the twin ports of Bremen/Bremerhaven, known as the Ports of Bremen. GHBV chief restructuring officer Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH welcomed this important step in the proceedings: with the creditors’ approval having been secured, the process to restructure GHBV has now been successfully concluded. It will now be possible to terminate the debtor-in-possession proceedings very soon, less than six months after the application was filed in early December 2020.

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Paderborn Lippstadt Airport successfully restructured

1 May 2021 · Paderborn · Business Area Insolvency Administration

Now that Paderborn Lippstadt Airport has been successfully restructured on a sustained basis, the Local Court of Paderborn has terminated debtor-in-possession proceedings after just seven months, thus allowing the airport to return to regular business operations on 1 May.

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PLUTA expert Frank Schorisch appointed provisional administrator for footwear manufacturer BLEYER

14 April 2021 · Bielefeld · Business Area Insolvency Administration

The Local Court of Bielefeld ordered provisional insolvency proceedings to be opened for the assets of BLEYER GmbH & Co. KG, based in Herford, on 12 April 2021. Attorney Mr Frank Schorisch, a restructuring expert from PLUTA Rechtsanwalts GmbH, has been appointed provisional insolvency administrator. The manufacturer of specialist footwear had to file for insolvency due to liquidity problems.

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Investor found and restructuring solution achieved for Maschinenfabrik Möllers GmbH

12 April 2021 · Münster/Beckum · Business Area Insolvency Administration

On 1 April 2021, the Local Court of Münster opened insolvency proceedings for the assets of Maschinenfabrik Möllers GmbH from Beckum and appointed restructuring expert Mr Stefan Meyer, an attorney specialising in insolvency law and a managing partner of PLUTA Rechtsanwalts GmbH, as administrator.

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PLUTA restructuring expert Dr Paul keeps Waldnieler Fruchtsaft GmbH operational

12 April 2021 · Düsseldorf · Business Area Insolvency Administration

On 29 March 2021, the Local Court of Mönchengladbach ordered insolvency proceedings to be opened for the assets of Waldnieler Fruchtsaft GmbH. Attorney Dr Uwe Paul from PLUTA Rechtsanwalts GmbH in Düsseldorf was appointed insolvency administrator. He had already been acting for the company as provisional insolvency administrator with his team since the application for insolvency was filed in January 2021. Schwalmtal-based Waldnieler Fruchtsaft GmbH specialises in processing European fruit to produce fruit juice, fruit juice concentrates and fruit juice flavours.

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Maschinenfabrik Möllers GmbH: proceedings opened – process of finding an investor nears completion

6 April 2021 · Münster/Beckum · Business Area Insolvency Administration

On 1 April 2021, the Local Court of Münster opened insolvency proceedings for the assets of Maschinenfabrik Möllers GmbH from Beckum and appointed attorney Mr Stefan Meyer as administrator. The restructuring expert from PLUTA Rechtsanwalts GmbH had already been acting for the company with his team, having been appointed provisional administrator when the well-known mechanical engineering firm filed for insolvency in January 2021.

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PLUTA attorney Dr Kaufmann pays first dividend of 52.6% to creditors of forwarder W & F Franke

30 March 2021 · Bremen · Business Area Insolvency Administration

Good news for creditors of W & F Franke Schwerlast Internationale Spedition GmbH from Bremen: insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has been able to distribute an initial dividend of 52.6%. Approximately 1.87 million euros have been paid out. Dr Kaufmann expects an overall insolvency dividend of at least 80% in the proceedings.

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Otterndorf-based clinic files to open provisional debtor-in-possession proceedings

25 March 2021 · Otterndorf · Business Area Insolvency Administration

Krankenhaus Land Hadeln Otterndorf GmbH, a clinic serving Otterndorf and the Land Hadeln district, has filed an application for the opening of debtor-in-possession insolvency proceedings. Patient care at the clinic will be fully maintained and continue without change. All courses of treatment and operations will go ahead. The coronavirus pandemic has triggered a liquidity crisis, which the clinic intends to resolve within the framework of debtor-in-possession proceedings. Employee salaries are guaranteed. The proceedings are expected to be concluded within six months at the latest.

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PLUTA restructuring expert Dr Kaufmann looks for investor for manufacturer of sweeping machines

10 March 2021 · Oldenburg · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is looking for an investor for GST GmbH Global Sweep Technology based in Lastrup, near Oldenburg. The company specialises in the manufacture of sweeping machines designed to clean large areas.

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Important milestone reached in GHBV restructuring

3 March 2021 · Bremen · Business Area Restructuring

The restructuring of Gesamthafenbetriebsverein im Lande Bremen e. V. (GHBV), the personnel service provider for the twin ports of Bremen/Bremerhaven, has reached a significant milestone: negotiations with employee representatives have been concluded. This is an important prerequisite to restructuring GHBV. Concurrently, the Local Court of Bremen opened debtor-in-possession proceedings on 1 March 2021 and appointed attorney Mr Edgar Grönda from law firm Schultze & Braun as insolvency monitor. He had previously acted as provisional insolvency monitor for the company. Managing director Mr Klaus Rommel and chief restructuring officer Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH are responsible for the restructuring.

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Investor solution for hotel portfolio in spite of lockdown

2 March 2021 · Düsseldorf · Business Area Insolvency Administration

Mr Michael Bremen from PLUTA Rechtsanwalts GmbH, the insolvency administrator for Tidal Operations Germany GmbH, in cooperation with Invesco Real Estate, a global property investment manager, and IHG Hotels & Resorts, has found a follow-up solution for the operation of a portfolio of 11 hotels across Germany under the Holiday Inn, Holiday Inn Express and Crowne Plaza brands. Effective 1 March 2021, the Westmont Hospitality Group (Westmont), a leading strategic hotel operator which is active on a global scale, has taken over the running of these hotels. This will strengthen Westmont’s position in the German market. The hotels will remain within the Invesco Real Estate portfolio and will be re-opened as soon as possible. Saving the 296 jobs in the hotels was a key concern when developing this joint solution.

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Mechanical engineering firm Baldwin Technology to restructure a as debtor in possession

2 March 2021 · Augsburg/Friedberg · Business Area Restructuring

Baldwin Technology GmbH has filed an application for debtor-in-possession insolvency proceedings with the Local Court of Augsburg. The court has ordered provisional insolvency proceedings and appointed attorney Mr Christian Plail from Augsburg-based law firm SGP Schneider Geiwitz as provisional insolvency monitor. The management team of the mechanical engineering company based in Friedberg, Bavaria, will be supported and advised by PLUTA restructuring experts Dr Stephan Laubereau, Mr Georg Stemshorn and Mr Philip Konen.

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PLUTA expert Dr Kaufmann achieves solution for long-standing Bremen-based forwarder Diedrich Meyer

1 March 2021 · Bremen · Business Area Insolvency Administration

Dr Christian Kaufmann, insolvency administrator for Diedrich Meyer GmbH & Co. KG, a forwarding company based in Bremen, has found a follow-up solution for the company. Effective 1 March 2021, the restructuring expert from PLUTA Rechtsanwalts GmbH has sold the business by way of an asset deal to B-LOG Bulk GmbH from Brake. This is a joint venture of the well-known L.I.T. Group from Brake and port logistics company J. MÜLLER Weser GmbH & Co. KG from Bremen.

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PLUTA attorney Dr Christian Kaufmann finds investor for software developer bremacon

24 February 2021 · Bremen · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has found an investor for Bremen-based software developer bremacon. Effective 1 February 2021, Power PFM GmbH from Düsseldorf has taken over the business operations by way of an asset deal. The parties involved have agreed not to disclose the purchase price. The experts at M&A consultancy GO & Company supported the PLUTA team during the process of finding an investor.

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PLUTA restructuring expert Georg Jakob Stemshorn finds investor for Lindenthal Bakery

24 February 2021 · Augsburg · Business Area Insolvency Administration

Insolvency administrator Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has found an investor for Lindenthal Bakery based in Gundelfingen. Effective 1 March 2021, Mr Thomas Helmschrott, a craft baker from Dillingen, will take over the business operations. A total of 18 out of the most recently 26 jobs – including four trainee positions – will be saved as a result. Some of the workers have already found new employment. The parties involved have agreed not to disclose the purchase price.

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PLUTA attorney Christian Heim achieves 85% recovery rate for creditors of a joinery business

11 February 2021 · Itzehoe · Business Area Insolvency Administration

Good news for creditors of joinery business Der Tischler GmbH: restructuring expert Mr Christian Heim from PLUTA Rechtsanwalts GmbH has been able to distribute an 85.3% dividend.

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