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

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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PLUTA restructuring expert Dr Kaufmann finds investor for forwarder Lottmann

9 February 2021 · Oldenburg · Business Area Insolvency Administration

Insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has succeeded in finding a follow-up solution for the Lottmann forwarding company. Effective 1 February 2021, Nanno Janssen Spedition GmbH from Emden has acquired the business, including its vehicle fleet, and kept on all 17 employees. The parties involved have agreed not to disclose the purchase price.

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PLUTA restructuring expert Ingo Thurm concludes process of finding an investor for Teccom Pharma

2 February 2021 · Hannover · Business Area Insolvency Administration

Insolvency administrator Mr Ingo Thurm has found a solution for Teccom Pharma GmbH from Sarstedt, near Hanover. The PLUTA restructuring expert sold all of the company’s assets to two investors in early December 2020 in the context of insolvency proceedings. One of the buyers is a regional competitor from Lower Saxony.

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Creditors approve plan for Paderborn Lippstadt Airport

29 January 2021 · Paderborn · Business Area Insolvency Administration

The most important milestone has been reached in the restructuring of Paderborn Lippstadt Airport, a one-of-its-kind undertaking in Germany under debtor-in-possession insolvency proceedings. The creditors’ assembly has approved the insolvency plan, under which the airport will continue operating as a fully-fledged airport, albeit with much less staff. The proceedings are being supported by attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as insolvency monitor.

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PLUTA restructuring expert Stefan Meyer appointed provisional administrator for Möllers

28 January 2021 · Münster/Beckum · Business Area Insolvency Administration

Maschinenfabrik Möllers GmbH from Beckum has filed for insolvency. On 26 January 2021, the Local Court of Münster appointed attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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GHBV restructuring continues apace

18 January 2021 · Bremen · Business Area Restructuring

Gesamthafenbetriebsverein im Lande Bremen e.V. (GHBV), the personnel service provider for the twin ports of Bremen/Bremerhaven, known as the Ports of Bremen, has been engaged in debtor-in-possession proceedings since early December 2020. In this context, it has begun talks with employee representatives, who have been presented with the prepared restructuring concept.****

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PLUTA attorney Dr Kaufmann appointed provisional administrator for long-standing logistics company

14 January 2021 · Bremen · Business Area Insolvency Administration

PLUTA restructuring expert Dr Christian Kaufmann is involved in proceedings for another company from the logistics sector, which is currently facing major challenges. On 5 January 2021, the Local Court of Syke ordered provisional insolvency proceedings to be opened for the assets of Louis Neukirch GmbH from Stuhr, near Bremen. Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH was appointed provisional administrator for the long-standing company, which was founded in 1824 and has therefore been in business for almost 200 years.

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PLUTA expert Frank Mößle achieves follow-up solution for company providing support for daily living

14 January 2021 · Koblenz · Business Area Insolvency Administration

Business management expert Mr Frank Mößle from PLUTA Rechtsanwalts GmbH, in his capacity as insolvency administrator for ReWa GmbH, die Alltagsbegleitung, has found an investor for the company that provides support for daily living. Nursing service Pflegedienst Westerwald Markus Forneck GmbH has acquired the business effective 1 January 2021.

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Investor found for mechanical engineering company

13 January 2021 · Bamberg · Business Area Insolvency Administration

In spite of the COVID-19 pandemic and difficult conditions, insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has succeeded in achieving an optimal solution in the proceedings of Stefan Plätzer Maschinenbau GmbH. The majority of jobs have been saved and creditors with security interests will receive the best possible dividend. The integration of the business by way of an asset deal has now been completed. Employees of the Bavarian mechanical engineering company can therefore look positively to the future.

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PLUTA restructuring expert Peter Roeger finds investor for MTA Prototyping

8 January 2021 · Bayreuth · Business Area Insolvency Administration

Restructuring expert Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has found an investor for MTA Prototyping GmbH. A newly founded company owned by both Werbik Industries GmbH based in Altdorf bei Nürnberg and a private investor from Rohr has acquired the business operations effective 16 December 2020 by way of an asset deal. The parties involved have already signed the purchase agreement for an undisclosed purchase price. The company’s Nordhalden location will be retained.

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Personnel service provider FAIR successfully turned around under debtor-in-possession proceedings

7 January 2021 · Ahaus · Business Area Insolvency Administration

The individuals responsible for guiding FAIR Personal + Qualifizierung GmbH & Co. KG (FAIR P&Q) from Ahaus under debtor-in-possession proceedings, namely managing director Ms Angela Frank along with restructuring expert Mr Eric Coordes and his team from corporate law firm Mönig Wirtschaftskanzlei, have now also cleared the final hurdle and led the company successfully out of restructuring. The insolvency plan unanimously approved by the creditors in early December 2020 became legally effective on 20 December after the statutory time limits for lodging an appeal had expired. The insolvency plan was discussed in great depth with insolvency monitor Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH in November 2020 and reviewed by both him and the competent insolvency court.

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C.F. Maier Group being reorganised

21 December 2020 · Königsbronn · Business Area Restructuring

The C.F. Maier Group, with more than 1,000 employees in Europe and the U.S., is repositioning itself for the future. The name C.F. Maier stands for high-quality services and products in two independent business areas: plastics engineering and aluminium casting. The plastics division, which has a workforce of more than 850 people worldwide, was able to hold its position even in the difficult COVID-19 year 2020. Sales revenues and profit in this business segment developed even better than planned. The casting division at the Königsbronn and Nersingen-Straß sites, which has been in deficit for years, has started a restructuring process. The aim is to put the significantly smaller division with around 120 employees on an independent footing so that it can be sold or restructured under a restructuring plan.

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PLUTA restructuring expert Florian Schiller finds investor for plastics engineering company Bock

18 December 2020 · Singen · Business Area Insolvency Administration

Mr Florian Schiller from PLUTA Rechtsanwalts GmbH has found an investor for Bock GmbH & Co. KG, based in Lauterbach in the federal state of Baden-Württemberg. The insolvency administrator of the injection moulding manufacturer sold the business operations to Plastium GmbH from Schiltach with effect from 1 January 2021. The purchase agreement was signed today. The parties involved have agreed not to disclose any details concerning the purchase price. Despite the challenging economic situation and the difficult general conditions due to the coronavirus pandemic, the insolvency administrator has thus secured around 40 jobs.

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PLUTA expert Dr Kaufmann appointed provisional administrator for forwarder Diedrich Meyer

16 December 2020 · Bremen · Business Area Insolvency Administration

Diedrich Meyer GmbH & Co. KG, a forwarding company based in Bremen, has filed for insolvency. Following this, on 14 December 2020, the Local Court of Bremen ordered provisional insolvency proceedings and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional administrator.

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ZIM insolvency plan approved by creditors – debtor-in-possession proceedings supported by PLUTA

15 December 2020 · Markdorf · Business Area Restructuring

Creditors have unanimously approved the insolvency plan for ZIM Flugsitz GmbH during a meeting held in the Bodenseeforum events centre in Constance. The restructuring process for the aircraft seat manufacturer has thus been completed. All jobs at the company’s main site in Markdorf have been saved, while, as announced in September, the production site in Schwerin has been downsized.

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Creditors of a Kiel-based concert organiser receive higher-than-average dividend

12 December 2020 · Hamburg · Business Area Insolvency Administration

Mr Christian Heim from PLUTA Rechtsanwalts GmbH has announced the conclusion of the insolvency proceedings for K-Promotion Produktions- und Veranstaltungs GmbH. The attorney distributed a dividend of 53% to the creditors of the Kiel-based concert organiser. Dividends in such insolvency proceedings are generally in the single figures.

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PLUTA restructuring expert Ilkin Bananyarli achieves seamless transition of Oberes Gäu bus service

10 December 2020 · Böblingen · Business Area Insolvency Administration

A new operator is set to run the bus service in the Oberes Gäu area from the start of next year. The district of Böblingen, with the involvement of the districts of Calw and Tübingen, has agreed to the change of operator on “route bundle 11”, as the present bus company Verkehrsbetriebe Nagoldtal (VBN) based in Nagold is no longer in a position to continue operating the service. VBN is part of the Rexer Group. Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH has been acting as insolvency administrator for the Group since summer 2019.

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PLUTA, FIDES and Schultze & Braun to support realignment of GHBV work agency for the Ports of Bremen

9 December 2020 · Business Area Restructuring

GHBV (Gesamthafenbetriebsverein im Lande Bremen e.V.), the personnel service provider for the twin ports of Bremen/Bremerhaven, known as the Ports of Bremen, has filed an application for the opening of debtor-in-possession insolvency proceedings. In this context, Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has been appointed chief restructuring officer. He will be responsible for the restructuring process together with administrative staff overseen by managing director Mr Klaus Rommel and the PLUTA team in Bremen, comprising Mr Jürgen Schendel, Mr Soeren Eckhoff and Mr André Gildehaus. The Local Court of Bremen approved the application for debtor-in-possession proceedings and appointed Mr Edgar Grönda from Schultze & Braun, an experienced attorney based in Bremen, as provisional insolvency monitor.

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EMT to restructure itself under debtor-in-possession proceedings

4 December 2020 · Penzberg · Business Area Insolvency Administration

On 4 December 2020, the Local Court of Weilheim ordered provisional debtor-in-possession proceedings to be opened for EMT Ingenieurgesellschaft Dipl.-Ing. Hartmut Euer mbH’s assets, as requested, and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor. Dr Oliver Liersch from law firm Brinkmann.Weinkauf will support the company during the restructuring process as general agent.

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PLUTA restructuring expert Dr Christian Kaufmann seeks investor for software specialist bremacon

1 December 2020 · Bremen · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is looking for an investor for Bremen-based software firm bremacon GmbH. The company specialises in solutions for the energy industry.

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Insolvency plan confirmed for Hittech Prontor – PLUTA expert Bananyarli appointed insolvency monitor

27 November 2020 · Bad Wildbad · Business Area Insolvency Administration

A decisive obstacle has been overcome in the process of restructuring Hittech Prontor GmbH based in Bad Wildbad: the insolvency plan presented by the company has been unanimously approved by the creditors’ assembly and subsequently confirmed by the Local Court of Tübingen. “Today’s approval by creditors means that we have made a decisive step towards achieving the goal we set ourselves for the debtor-in-possession proceedings, namely to keep Hittech Prontor’s business running, sustainably restructure the company and put it back on a solid footing in order to secure its future,” said Mr Volker Kiefer, managing director of Hittech Prontor GmbH.
“Termination of the proceedings as the last step in this process is expected to take place at the turn of the year 2020/2021,” he added.

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Restructuring expert Michael Pluta achieves 84% recovery rate for creditors of Richard Frank GmbH

12 November 2020 · Stuttgart · Business Area Insolvency Administration

Good news for creditors of the insolvent Richard Frank GmbH: restructuring expert Mr Michael Pluta from PLUTA Rechtsanwalts GmbH can distribute almost a million euros among them. The recovery rate will be 84%, an above-average amount.

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PLUTA attorney Dr Kaufmann appointed provisional administrator for forwarder Lottmann from Aurich

10 November 2020 · Oldenburg · Business Area Insolvency Administration

On 10 November 2020, the Local Court of Aurich ordered provisional insolvency proceedings to be opened for the assets of Lottmann GmbH & Co. KG. The court appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for the forwarder from Aurich in Lower Saxony.

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PLUTA supports SENNING’s successful debtor-in-possession proceedings

10 November 2020 · Bremen · Business Area Restructuring

An investor was found for long-standing company Christian Senning Verpackungsmaschinen GmbH & Co. KG from Bremen: it has been part of the Optima Group based in Schwäbisch Hall since October 2020. This acquisition allows Optima to expand its product range. Dr Christian Kaufmann and his team from PLUTA Rechtsanwalts GmbH advised management at Senning during the debtor-in-possession proceedings.

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PLUTA restructuring expert Steffen Beck appointed provisional administrator for several restaurants

5 November 2020 · Aalen · Business Area Insolvency Administration

Safet Ljajka, the operator of the CCS-Gastronomie and Paulaner Wirtshaus am Markt restaurants, has filed for insolvency. Following this, on 3 November 2020, the Local Court of Aalen ordered provisional insolvency proceedings and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as provisional administrator. Ljajka operates several renowned restaurants at the Congress Centrum Stadtgarten venue under the CCS-Gastronomie banner and another at the Bud Spencer pool, all in Schwäbisch Gmünd. He also operates the well-known Wirtshaus am Marktplatz restaurant in the town’s market square. All of the restaurants’ operations are currently suspended on account of the coronavirus pandemic.

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Protective shield proceedings successfully concluded: Haugg Group consolidation finalised

3 November 2020 · Aachen · Business Area Insolvency Administration

The Aachen-based Haugg Group has successfully completed its restructuring first began in 2016 with the third protective shield proceedings for its subsidiaries in the south of Germany. Insolvency monitor Mr Michael Pluta from PLUTA Rechtsanwalts GmbH oversaw the proceedings and also represented creditors’ interests.

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PLUTA expert Ivo-Meinert Willrodt appointed provisional administrator for Bäumler Fashion

15 October 2020 · Ingolstadt · Business Area Insolvency Administration

Bäumler Fashion GmbH has filed for insolvency proceedings to be opened for its assets. On 8 October 2020, the Local Court of Ingolstadt ordered provisional insolvency proceedings and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator. The fashion house based in Ingolstadt has had to file for insolvency due to liquidity problems as it has recently seen significant declines in sales due to the COVID-19 pandemic.

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PLUTA restructuring expert Michael Bremen starts process of finding investor for ten TOG hotels

13 October 2020 · Düsseldorf · Business Area Insolvency Administration

Mr Michael Bremen from PLUTA Rechtsanwalts GmbH has started the process of finding an investor for Tidal Operations Germany GmbH (TOG). TOG operates ten hotels under the Holiday Inn, Holiday Inn Express and Crowne Plaza brands in major German cities. The creditors’ committee has already approved the continued operation of the hotels.

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