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

PLUTA restructuring expert Sebastian Laboga rescues Hello Vape

28 May 2020 · Berlin · Business Area Insolvency Administration

The future of e-cigarette reseller Hello Vape has been secured. All of the company’s current 16 stores throughout Germany will continue operating and the jobs will be retained. Insolvency administrator Mr Sebastian Laboga, a restructuring expert from PLUTA Rechtsanwalts GmbH, has been able to transfer the business to a strategic investor with effect from 16 May 2020. The investor has chosen to remain anonymous.

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PLUTA attorney Stefan Meyer appointed provisional insolvency monitor for Brinkhege Bakery

27 May 2020 · Bissendorf · Business Area Insolvency Administration

Ms Heike Brinkhege, managing partner of Bäckerei Brinkhege GmbH & Co. KG, has filed an application to open debtor-in-possession insolvency proceedings at the Local Court of Osnabrück. This application was accepted during the provisional proceedings. Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH, an attorney specialising in corporate restructuring under debtor-in-possession management, has been appointed provisional insolvency monitor.

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PLUTA restructuring expert Frank Mößle achieves 100% recovery rate for creditors

14 May 2020 · Frankfurt · Business Area Insolvency Administration

Good news for creditors in the proceedings of the insolvent company DiOmega GmbH from Frankfurt: PLUTA expert Mr Frank Mößle has been able to fully satisfy the claims filed by them. The proceedings will soon be concluded.

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PLUTA attorney Heike Metzger finds investor for trade fair service provider in spite of COVID-19

7 May 2020 · Business Area Insolvency Administration

The coronavirus pandemic has dealt a particularly severe blow to the trade fair and event industry. Restructuring expert Ms Heike Metzger from PLUTA Rechtsanwalts GmbH has now achieved a good outcome for hms easy stretch GmbH from Heilbronn. Effective 1 May 2020, a medium-sized investor from the region has taken over the trade fair service provider’s business operations and its 37 employees.

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PLUTA restructuring expert Dr Lehr finds investor for specialist publisher

4 May 2020 · Ludwigsburg, Germany · Business Area Insolvency Administration

Dr Matthias Lehr from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for agt agile technik verlag GmbH. The Ludwigsburg-based publisher specialising in technical magazines had to file for insolvency in February 2020 due to liquidity problems. Effective 1 May 2020, specialist publisher TeDo Verlag GmbH from Marburg has taken over business operations.

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Sales process commenced for Vapiano Group

30 April 2020 · Cologne, Germany · Business Area Insolvency Administration

The management board of Vapiano SE, together with provisional insolvency administrator Dr Ruth Rigol, decided today to commence a sales process which may also extend to the global business, restaurant portfolio or assets of the Vapiano Group. The sales process with interested investors is planned to run until the end of May 2020, and will not include the franchise restaurants (especially in Germany).

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PLUTA attorney Ilkin Bananyarli appointed provisional insolvency monitor for Hittech Prontor

29 April 2020 · Bad Wildbad, Germany · Business Area Insolvency Administration

Mr Volker Kiefer, Managing Director of Hittech Prontor GmbH in Bad Wildbad, is looking to restructure the long-established company through debtor-in-possession proceedings and put it back on a competitive footing.

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Gustav Knippschild and Sander Maschinenbau insolvency plans unanimously approved by creditors

23 April 2020 · Rinteln · Business Area Restructuring

Gustav Knippschild GmbH and Sander Maschinenbau GmbH & Co. KG took a decisive step forward today. The creditors’ assemblies of both companies unanimously approved the insolvency plans designed to secure the existence of both companies. Managing directors Mr Andreas Eder and Mr Dirk Vogt thanked the creditors at the meetings for their trust. Such a key part of the restructuring process could not have been implemented within such a short time without the support of employees and their representatives, the main bank involved and also suppliers and customers. The companies will further improve production processes and distribution channels on this basis. The managing directors of both companies are being supported by PLUTA restructuring expert Mr Torsten Gutmann. Dr Rainer Eckert from law firm Eckert Rechtsanwälte is the insolvency monitor for both debtor-in-possession proceedings.

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PLUTA attorney Torsten Gutmann appointed insolvency monitor for transport company NORD-EXPRESS

20 April 2020 · Langenhagen/Hannover · Business Area Insolvency Administration

Mr Alexander Klein, managing director of Langenhagen-based NORD-EXPRESS Transport GmbH, has filed an application to open debtor-in-possession insolvency proceedings with the competent Local Court of Hanover. Dr Georg Heidemann of Stellmach & Bröckers, a law firm specialising in corporate restructuring, is assisting management in his capacity as general agent. Attorney and business management expert Mr Torsten Gutmann from PLUTA has been appointed provisional insolvency monitor.

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Insolvency proceedings opened for Bock and Weisser

8 April 2020 · Singen · Business Area Insolvency Administration

On 1 April 2020, the Local Court of Rottweil opened insolvency proceedings for Bock GmbH & Co. KG from Lauterbach. Mr Florian Schiller from PLUTA Rechtsanwalts GmbH was appointed insolvency administrator. He had previously acted as provisional administrator for the company. Insolvency proceedings for the assets of sister company Weisser Werkzeugbau GmbH & Co. KG from Deißlingen were also opened on the same day. PLUTA restructuring expert Mr Steffen Beck is involved as insolvency administrator in these proceedings for Weisser.****

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High recovery rate for creditors of Bayerisch Gmain Pflege- und Therapiezentrum GmbH

7 April 2020 · Bayerisch Gmain/Traunstein · Business Area Insolvency Administration

Creditors of the insolvent care and therapy centre in Bayerisch Gmain last week unanimously approved the insolvency plan presented by the company. The Local Court of Traunstein then confirmed this plan. The company has been involved in debtor-in-possession insolvency proceedings since late 2017. Mr Mirko Möllen from PLUTA Rechtsanwalts GmbH, as insolvency monitor, has been monitoring the proceedings and representing the interests of creditors.

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PLUTA restructuring expert Dr Christian Kaufmann appointed provisional administrator for Strandlust hotel

6 April 2020 · Bremen · Business Area Insolvency Administration

Restructuring expert Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is the provisional insolvency administrator of Strandlust GmbH & Co. KG. The Local Court of Bremen ordered provisional proceedings on 2 April 2020 and appointed the experienced attorney as provisional administrator. The company operates the well-known Strandlust hotel, located directly on the River Weser in the Vegesack district in the north of Bremen.

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PLUTA restructuring expert Heike Metzger holds discussions with investor for hms easy stretch

6 April 2020 · Heilbronn · Business Area Insolvency Administration

Insolvency administrator Ms Heike Metzger from PLUTA Rechtsanwalts GmbH is currently holding promising discussions with a potential investor for hms easy stretch GmbH based in Heilbronn. A non-binding memorandum of understanding has already been signed. The details still need to be negotiated in the weeks ahead. On 1 April 2020, the Local Court of Heilbronn opened insolvency proceedings for the company’s assets and appointed attorney Ms Heike Metzger as insolvency administrator. She had already been involved as provisional administrator.

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PLUTA restructuring expert Dr Ruth Rigol appointed provisional administrator for Vapiano

2 April 2020 · Cologne · Business Area Insolvency Administration

The management board of Vapiano SE has filed for insolvency with the Local Court of Cologne. The court has appointed Dr Ruth Rigol of PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for the restaurant chain. Dr Rigol and the PLUTA team have begun their work and are in the process of gaining an initial overview of the situation with the support of the management board and consultants.

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PLUTA restructuring expert Sebastian Laboga appointed provisional administrator for online furniture retailer Sitzfeldt

2 April 2020 · Berlin · Business Area Insolvency Administration

By an order of 1 April 2020, the Local Court of Charlottenburg has appointed Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for Sitzfeldt GmbH. The online retailer of designer sofas and premium seating furniture has had to file for insolvency due to a significant decline in sales as a result of the ongoing COVID-19 crisis. It had to close its showrooms across Germany two weeks ago. Sales via its online store have also been suspended at this time. This has led to the failure of a planned funding round.

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Seelig + Co. Feinblechbau GmbH enters debtor-in-possession proceedings

30 March 2020 · Business Area Insolvency Administration

Effective 30 March 2020, Seelig + Co. Feinblechbau GmbH based in Neresheim, Germany, has entered provisional debtor-in-possession proceedings pursuant to section 270a of the German Insolvency Code (InsO). The family business had already embarked upon a rigorous restructuring at the start of the year, but the flagging economic situation in recent times has now necessitated the next step. Seelig + Co. Feinblechbau GmbH will be able to use the debtor-in-possession proceedings to completely restructure itself under its own steam, while maintaining business operations. The long-established company will be assisted in this by external specialists: restructuring experts from Planer & Kollegen GmbH based in Landsberg am Lech will oversee the debtor-in-possession proceedings and support the management team during the entire restructuring process. The local court has appointed Mr Michael Pluta from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor. He will monitor the proceedings while representing the interests of creditors.

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PLUTA restructuring expert Georg Stemshorn appointed provisional administrator for Schwarze Kiste restaurant business

13 March 2020 · Augsburg · Business Area Insolvency Administration

Mr Sebastian Hrabak, owner of Schwarze Kiste e.K., has had to file for insolvency. On 11 March 2020, the Local Court of Augsburg ordered provisional insolvency proceedings and appointed Mr Georg Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Business operations of furniture component supplier Karl W. Niemann to be continued

9 March 2020 · Bielefeld · Business Area Insolvency Administration

Karl W. Niemann GmbH & Co. KG based in Preußisch Oldendorf, a well-known supplier to the furniture industry, filed for insolvency last week. On 6 March 2020, the Local Court of Bielefeld ordered provisional insolvency proceedings to be opened for the company’s assets and appointed restructuring expert Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional administrator. The company’s subsidiary Niemann Formholztechnik GmbH & Co. KG is also involved in provisional insolvency proceedings. Mr Stefan Meyer has been appointed provisional administrator for this company as well.

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Leysieffer: successful restructuring, secure future

5 March 2020 · Osnabrück · Business Area Insolvency Administration

The Leysieffer chocolate business, based in Osnabrück but well known throughout Germany, has a future. Restructuring experts attorney Mr Joachim Walterscheid, the company’s advisor on insolvency matters during the debtor-in-possession proceedings, and attorney Mr Stefan Meyer, insolvency monitor, have succeeded in restructuring the company within twelve months and securing 260 jobs.

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E-cigarette reseller Hello Vape to continue operating PLUTA restructuring expert Sebastian Laboga appointed provisional insolvency administrator

28 February 2020 · Berlin · Business Area Insolvency Administration

Hello Vape, a retail chain for e-cigarettes and associated equipment, had to file for insolvency on 20 February 2020 after a partner unexpectedly refused to provide funds to finance the company’s growth. The Local Court of Charlottenburg has appointed Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for the company.

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PLUTA expert Michael Schoor achieves 100% recovery rate for creditors of a cooperative

28 February 2020 · Leipzig · Business Area Insolvency Administration

Insolvency administrator Mr Michael Schoor from PLUTA Rechtsanwalts GmbH has fully satisfied the claims of all creditors of wood specialist EVG Holzhandwerk Leipzig eG. These are insolvency claims pursuant to section 38 of the German Insolvency Code (InsO).

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Process launched to find investors for Bock and Weisser

27 February 2020 · Singen · Business Area Insolvency Administration

Provisional insolvency administrator Mr Florian Schiller from PLUTA Rechtsanwalts GmbH has launched a process to find an investor for Bock GmbH & Co. KG, based in Lauterbach. This process will be coordinated by an M&A advisor. There have already been several enquiries from potential investors. In parallel, discussions are ongoing regarding Bock’s sister company Weisser Werkzeugbau GmbH & Co. KG, based in Deißlingen in the state of Baden-Württemberg. PLUTA restructuring expert Mr Steffen Beck is involved as provisional administrator in the insolvency proceedings for Weisser.

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PLUTA restructuring expert Daniel Barth appointed provisional administrator for power-to-gas specialist MicroPyros

20 February 2020 · Regensburg · Business Area Insolvency Administration

By an order of 19 February 2020, the Local Court of Straubing appointed Mr Daniel Barth from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for MicroPyros GmbH. The company specialising in renewable energy had to file for insolvency due to liquidity problems. A planned funding round could not be completed.

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PLUTA expert Frank Mößle appointed provisional administrator for AWO Protect

19 February 2020 · Business Area Insolvency Administration

By an order issued on 18 February 2020, the Local Court of Frankfurt am Main has appointed Mr Frank Mößle from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for AWO Protect gGmbH. The company had to file for insolvency in early February 2020. The managing director had already suspended business operations and terminated the contracts of all six remaining employees effective 29 February and 31 March 2020. Filing for insolvency became inevitable for the company due to liquidity problems, as the security firm had no further orders.

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PLUTA restructuring expert Michael Bremen appointed as provisional administrator for RP Vertriebsgesellschaft mbH

18 February 2020 · Düsseldorf · Business Area Insolvency Administration

RP Vertriebsgesellschaft GmbH from Erkelenz, a company that is well known in the motor sport and tuning scene under the brand names ‘IronForce’ and ‘Ring Police’, filed for insolvency with the Local Court of Mönchengladbach on 10 February 2020 on account of a liquidity shortfall. Following this, the insolvency court ordered measures to preserve the company’s assets and appointed Mr Michael Bremen, an attorney from PLUTA Rechtsanwalts GmbH, as provisional insolvency administrator on the same day.

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Initial discussions with investors for bicycle service provider LiveCycle

14 February 2020 · München · Business Area Restructuring

LiveCycle GmbH is continuing its restructuring measures as planned under debtor-in-possession insolvency proceedings. The company initiated a structured process of finding an investor yesterday. “We have already held initial talks with interested parties, which have been very promising. Our aim is to achieve a long-term solution for LiveCycle by this spring,” said Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH.

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Court opens insolvency proceedings for Grüntenlifte lift operator – PLUTA restructuring expert Florian Zistler appointed administrator

13 February 2020 · Kempten · Business Area Insolvency Administration

The Local Court of Kempten opened insolvency proceedings for Grüntenlifte Betriebs-GmbH yesterday and appointed Mr Florian Zistler from PLUTA Rechtsanwalts GmbH as administrator. Mr Zistler had already been involved in this matter as provisional administrator since November 2017.

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PLUTA restructuring expert Stefan Meyer achieves long-term solution for metal construction company

7 February 2020 · Lübbecke · Business Area Insolvency Administration

In November 2019, Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH began the process of finding an investor for the metal construction company HIK Systeme und Module. This has now been completed. The restructuring expert and his team have achieved a long-term solution for the operation in Rahden. HIK GmbH (a subsidiary of GLA-WEL GmbH based in Melle) have taken over the business operations under an asset deal.

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PLUTA restructuring expert Steffen Beck finds investor for precision engineering company

3 February 2020 · Stuttgart · Business Area Insolvency Administration

A long-term solution has been found for Schmid Solution GmbH & Co. KG based in Ditzingen near Stuttgart. Mr Steffen Beck from PLUTA Rechtsanwalts GmbH sold the business to Pascal Schmid with effect from 1 February 2020.

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Restructuring of Gustav Knippschild and Sander making progress thanks to proceedings being opened

3 February 2020 · Rinteln · Business Area Restructuring

The Local Court of Bückeburg opened insolvency proceedings for the assets of Gustav Knippschild GmbH and Sander Maschinenbau GmbH & Co. KG as planned on 1 February 2020. Both proceedings will continue to be pursued under debtor-in-possession management.

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