Press Releases

In the insolvency proceedings for windeln.de SE, insolvency administrator Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH sold part of the listed company’s assets, such as the brand and the windeln.de Internet domain, to a Swiss investor. The parties have agreed not to disclose any details of the purchase agreement.

Insolvency administrator Mr Mirko Möllen from PLUTA Rechtsanwalts GmbH has achieved viable follow-up solutions for all four DEVA Asset & Hotelmanagement GmbH hotels. The Villa Mittermaier hotel in Reit im Winkl, the Fischerwirt hotel in Ruhpolding and Vitalhotel Achentaler in Unterwössen are being operated since April by the newly founded DEVA Hotels Verwaltung GmbH. The Beim Egger hotel in Schechen is now being run by a tenant from the region.

On 15 May 2023, Sono Motors GmbH filed an application for protective shield proceedings with the competent court, namely the Local Court of Munich. The court approved the application and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor.

Turkish automotive supplier Bayrak Lastik Sanayi ve Ticaret A.Ş. will acquire the business operations of Rüster GmbH, based in Deggingen, in the region of Swabia, by way of an asset deal. All 600 employees will be kept on and transferred to the newly founded Bayrak Technik GmbH. A team led by Mr Ilkin Bananyarli of PLUTA Rechtsanwalts GmbH provided the buyer from Bursa, Turkey, with comprehensive legal support and advice for the transaction as M&A consultants.

Sono Group N.V., the listed parent company of Sono Motors GmbH, filed an application for debtor-in-possession insolvency proceedings with the Local Court of Munich. The court approved the application and appointed Ms Marlene Scheinert from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor.

In the insolvency proceedings for windeln.de SE (‘windeln.de’ or the ‘company’; ISIN: DE000WNDL300 and DE000WNDL318), insolvency administrator Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH is in the process of drawing up an insolvency plan.

The KLiNGEL Group, one of Germany’s largest mail-order companies, is repositioning itself for the future. K - Mail Order GmbH & Co. KG, the group’s main company based in Pforzheim, will continue to pursue its transformation strategy under debtor-in-possession restructuring proceedings. The company has filed a corresponding application.

GHT Mobility GmbH, the company behind the CleverShuttle brand, has filed for insolvency. The Local Court of Charlottenburg has ordered provisional insolvency administration for the company’s assets and appointed restructuring expert Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional administrator.

The Local Court of Hof has ordered provisional insolvency proceedings for the assets of Bäckerei Dörsch GmbH, a bakery based in Hof. Mr Peter Roeger from PLUTA Rechtsanwalts GmbH was appointed provisional administrator on 4 May 2023. The bakery continues to operate. The main business and the nine stores have remained open. In addition, all customers and self-service counters are being supplied as usual.

Rudolf Dankwardt GmbH, a manufacturer of high-quality cosmetic products, has filed for insolvency. On 26 April 2023, the Local Court of Norderstedt ordered provisional insolvency proceedings for the company’s assets. The court has appointed restructuring expert Mr Christian Heim from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator. The company had to file for insolvency due to liquidity problems.

Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has delivered good news in the proceedings for the Schwarze Kiste gastronomy business based in Augsburg: the creditors approved the insolvency plan presented to them at yesterday’s voting meeting at the Local Court of Augsburg. The PLUTA restructuring expert welcomed this decision. Despite seven-figure debts, Schwarze Kiste, a popular business in the region, has now been successfully restructured and is well equipped for the future. The Local Court of Augsburg will soon terminate the proceedings. The insolvency administrator will then monitor that the creditors’ legitimate claims are satisfied. The recovery rate is 23%.

A PLUTA team advised the buyer of insolvent company Galvanoform during the acquisition and takeover process. The new owners are the experienced businessman Mr Hans-Günter Bayer and co-investors. The business operations of the precision tool manufacturer based in Lahr in the Black Forest region were transferred to Galvanoform Innovative Technologies GmbH effective 1 April 2023.

Insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has successfully completed discussions with investors in respect of SINGER INGENIEUR CONSULT GmbH. As a result, G.I.A. Planung GmbH & Co. KG based in Bayreuth has acquired the business operations of the insolvent engineering services provider from Bayreuth effective 1 April 2023. All 70 or so jobs have been saved with the agreed solution.

Warendorf, a manufacturer of premium kitchens, has been saved. Attorneys Mr Stefan Meyer and Dr Ria Brüninghoff from PLUTA Rechtsanwalts GmbH have sold Warendorf Küchenfabrik GmbH and Warendorf Küchen Retails GmbH to a company in the Hülsta Group effective 1 April 2023. The contracts were signed last night.

Attorney Dr Stephan Laubereau from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor in the insolvency proceedings for Pforzheim Leopoldstrasse Entwicklungs GmbH. Municipal company STADTBAU GmbH PFORZHEIM has acquired the property belonging to the business.

Property management firm IMMO:Schreiber GmbH from Lower Bavaria has filed for insolvency. On 3 March 2023, the Local Court of Deggendorf ordered provisional insolvency proceedings for the company’s assets. The court appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator.

Restructuring expert Mr Frank Brachwitz from PLUTA Rechtsanwalts GmbH had good news today regarding insolvent Berlin-based Internet start-ups Natural Mojo and Skingood Garden. A company of the renowned GÖDE Group is set to acquire the start-ups’ business operations effective 1 April 2023 by way of an asset deal and will keep on the entire workforce.

.J. H. Pölking GmbH & Co. KG based in Osnabrück filed for debtor-in-possession proceedings on 20 March 2023. The Local Court of Osnabrück approved the application, ordered provisional debtor-in-possession proceedings and appointed Mr Stefan Meyer, a specialist attorney for insolvency and restructuring law with PLUTA Rechtsanwalts GmbH, as provisional insolvency monitor. Founded in 1894, shoe wholesaler Pölking has a long history. By taking this step, the company wants to use the options afforded by today’s debtor-in-possession proceedings to adapt itself to the changed market conditions, restructure itself for the future and re-establish its competitiveness.

Insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has achieved a positive outcome in the insolvency proceedings for the Schöneis paper processing company. The M&A solution negotiated for the business based in Lower Saxony was unanimously approved today by the creditors’ assembly. This means that the asset deal can go ahead as planned effective 1 April 2023. The business will be acquired by Bernd Häseler Buchbinderei GmbH from Minden (North Rhine-Westphalia). In the future, the company will operate under the name Häseler & Schöneis Buchbinderei GmbH and be part of the well-known Sattler Media Group.

Insolvency administrator Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has concluded the purchase negotiations for metron Vilshofen GmbH. The purchase agreement has already been signed and notarised.

On 14 February 2023, the Local Court of Münster ordered provisional insolvency proceedings for the assets of FRIMO Group GmbH and FRIMO GmbH (FRIMO). Attorney Mr Stefan Meyer, a restructuring expert from PLUTA Rechtsanwalts GmbH, has been appointed provisional insolvency administrator.

Steel construction company Aschenbrenner GmbH is to undergo a restructuring process under debtor-in-possession proceedings in order to reposition itself for the future. It is being supported in this by Mr Thomas Planer, a restructuring expert from consultancy Planer & Kollegen GmbH. “Debtor-in-possession proceedings will provide Aschenbrenner with sufficient liquidity to take the steps that are necessary to turn around its performance. The prospects for this are good, and the concept is coherent. We will do everything we can to get this long-standing company back on a sound footing again,” said Mr Planer. PLUTA attorney Mr Patrick Meyerle will oversee the proceedings in the best interests of creditors in his capacity as court-appointed insolvency monitor.

Good news in the insolvency proceedings for surf4shoes GmbH: insolvency administrator Mr Michael Pluta from PLUTA Rechtsanwalts GmbH has succeeded in finding a follow-up solution for the company. Effective 1 March 2023, a subsidiary of Commertunity AG will take over the online retailer’s business operations and assets. All of the approximately 20 employees will be kept on.

Schmuckrausch Vertriebs GmbH & Co. KG, a jewellery retailer with six sales outlets and an online shop, has filed for insolvency. Following this, on 1 February 2023, the Local Court of Munich ordered provisional insolvency administration for the company’s assets and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator.

The FRIMO Group, a German technology group, intends to restructure itself with the means afforded by insolvency proceedings. Management therefore filed for insolvency with the competent court, namely the Local Court of Münster. Following this, the court appointed Mr Stefan Meyer, a restructuring expert from PLUTA Rechtsanwalts GmbH, as provisional insolvency administrator. The FRIMO Group is a leading provider of technologically advanced tools, equipment and turnkey production systems for automotive customers on an international scale.

Patrick Meyerle from PLUTA Rechtsanwalts GmbH is still looking for an investor for the kitchen company Küchen Quelle. He has been acting as provisional insolvency administrator since the end of November 2022.

The Local Court of Bayreuth ordered provisional insolvency proceedings to be opened for the assets of SINGER INGENIEUR CONSULT GmbH based in Bayreuth on 1 February 2023. Mr Peter Roeger from PLUTA Rechtsanwalts GmbH was appointed provisional administrator. He is working with the management team to keep the engineering services provider running. All orders are being fulfilled as planned.

Kissinger Sonne GmbH & Co. KG has filed for insolvency. Yesterday, the Local Court of Schweinfurt then ordered provisional insolvency administration for the care provider’s assets and appointed Mr Peter Roeger from PLUTA Rechtsanwalts GmbH as provisional administrator.

Medium-sized company Intercontinentale ZIEGRA Eismaschinen GmbH based in Isernhagen, near Hanover, filed for debtor-in-possession restructuring proceedings with the Local Court of Hanover on 26 January 2023. The preparatory work for the debtor-in-possession proceedings were carried out by Mr Thorsten Hunsalzer from consultancy Gehrke Econ in his capacity as attorney of record. The court approved the application on 27 January 2023.

STOTZ Feinmesstechnik GmbH from Gerlingen, near Stuttgart, has filed an application for restructuring under debtor-in-possession proceedings. The Local Court of Ludwigsburg thereupon ordered provisional proceedings to be opened. Restructuring expert Mr Steffen Beck from PLUTA Rechtsanwalts GmbH is supporting the company in his capacity as chief restructuring officer (CRO). Dr Dietmar Haffa of law firm Schultze & Braun, the court-appointed provisional insolvency monitor, will oversee the proceedings in the interests of the creditors.