Press Releases

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.

windeln.de SE (‘windeln.de’ or the ‘company’; ISIN: DE000WNDL300 and DE000WNDL318) has stated that the Local Court of Munich today opened the insolvency proceedings for its assets, which had been filed for on 4 November 2022. Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has been appointed insolvency administrator. Prior to this, he had already been acting as provisional administrator for the company.

Alfred Reimer GmbH from Gronau, a company specialising in the production of high-precision parts, yesterday filed for insolvency under debtor-in-possession proceedings with the competent Local Court in Münster due to imminent illiquidity. The court assented to this application and ordered provisional debtor-in-possession proceedings.

Restructuring expert Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH is holding talks with investors regarding Fraugster, a start-up and developer of innovative anti-fraud software. The Berlin-based company is involved in provisional insolvency proceedings, as a necessary funding round as part of an M&A process could not be finalised. On 17 January 2023, the Local Court of Charlottenburg appointed Mr Sebastian Laboga as provisional insolvency administrator.

Skylife Fitness GmbH has been engaged in restructuring proceedings since the start of the year. The company has a workforce of almost 30 employees. Mr Manfred Lehenberger founded Skylife Fitness in 2011 and made the studio a popular training venue for all kinds of sports, health and fitness enthusiasts. The company is now to be restructured under debtor-in-possession insolvency proceedings with the support of restructuring expert Mr Thomas Planer of Planer & Kollegen GmbH. Mr Georg Stemshorn of PLUTA Rechtsanwalts GmbH in Augsburg has been appointed provisional insolvency monitor by order of the competent court.

TK-Oberfläche GmbH, a surface coating specialist, filed for insolvency under debtor-in-possession proceedings last Friday. The Local Court of Bielefeld, as the competent court, approved the application. This means that the management team will remain in place and can use the opportunities afforded by debtor-in-possession proceedings to guide the company through the proposed and rigorously planned restructuring process.

NEUERO Farm- und Fördertechnik GmbH based in Melle has successfully completed its restructuring, just in time for the start of the 2023 business year. The company, which currently employs around 50 people, had filed for debtor-in-possession proceedings with the Local Court of Osnabrück on 23 February 2022. The family business has been in existence for over 100 years and is a market leader in storage systems and silos used for grain storage and drying, conveyor equipment, and grinding and mixing technology, with manufacturing based in Germany. It achieved stable revenues of approximately 20 million euros in recent years. Around 50% of total sales are accounted for by the construction of silo systems, of which NEUERO has already built over 20,000 in a responsible role.

At the beginning of the year, it has been possible to conclude the pending M&A transaction for WIKING Helikopter Service GmbH. This was the positive news from insolvency administrator Dr Christian Kaufmann of PLUTA Rechtsanwalts GmbH. The purchase agreement signed in late September 2022 was originally subject to a number of conditions, all of which have now been met.

The business of automotive supplier BUKUMA is being operated by an investor, effective as of 1 January 2023, which means that the long-standing company has been preserved and can look to the future with confidence. The BUKUMA business has been taken over as part of an asset deal by Restart GmbH & Co. KG, whose entity Heinze Solutions GmbH operates in the automotive sector, with all of the some 200 employees being kept on. The plastic injection moulding company’s operations will remain in Boppard and its other two sites in Kirchwald and Dörth. The purchase agreement was signed in mid-December 2022 but was subject to specific closing conditions being complied with. Now that all of these (suspensive) conditions have been met, the transaction can be completed as planned at the turn of the year 2022/2023. The parties have agreed not to disclose the purchase price or the other terms and conditions under the asset deal.

The successful solution to preserve medium-sized automotive supplier Heinz Schwarz GmbH & Co. KG, which was achieved in the in-court restructuring proceedings conducted for the company, has now been formally implemented: since the purchase agreement with the investor was signed on 11 November 2022, the final obstacles have now been surmounted and all conditions necessary to transfer the company to the investor have been met. This means that the takeover is now legally effective, which involves the operations of toolmaker Schwarz being transferred to the Kesseböhmer Group with retroactive effect from 1 October 2022. “In view of the fact that the creditors’ assembly had previously unanimously approved the purchase agreement during a meeting at the Local Court of Bielefeld, all those involved are relieved and delighted that it has now actually come into force. It was only thanks to the pragmatism of all parties and their determination to achieve and implement a final solution that it has been possible to secure the future of Schwarz as soon as this year. I would especially like to thank the investor, Mr Oliver Kesseböhmer, the (main) customers and banks that made a contribution and, last but not least, the management team and the highly motivated employees, without whom this successful outcome would not have been possible,” summarised attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH in his capacity as insolvency monitor.

Restructuring expert Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH is once again looking for an investor for Steinkamp GmbH & Co. KG. The process of finding an investor for the tool manufacturer has now resumed following a pause of around six months used to stabilise the business. The aim remains to achieve a sustainable and viable solution for the well-known tool manufacturer.

The employees, customers and partners of medium-sized automotive supplier Heinz Schwarz GmbH & Co. KG can heave a sigh of relief, as a solution to preserve the business has been found during in-court restructuring proceedings. “Thanks to the constructive, pragmatic and purposeful cooperation of all involved, the investor’s contractual commitment to acquire the long-standing company has now created the basis for its re-emergence from insolvency. The provisional creditors’ committee unanimously approved the company purchase agreement last Friday,” said the insolvency monitor, attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH, who is pleased that the efforts to preserve tool manufacturer Schwarz are nearing their conclusion.

NEW eco-tec Verfahrenstechnik GmbH has filed for insolvency. Following this, on 7 December 2022, the Local Court of Mühldorf am Inn ordered provisional insolvency administration for the company’s assets and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator.

Küchen Quelle GmbH is in a position to begin delivering kitchens to its customers, provided that they make a supplementary payment. This solution has been developed by provisional insolvency administrator Mr Patrick Meyerle from PLUTA Rechtsanwalts GmbH and his team, together with Küchen Quelle employees.

Good news for creditors in the insolvency proceedings for clinic Krankenhaus Land Hadeln Otterndorf GmbH: insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has made a further payment of 50%. A seven-digit amount had already been paid out at the start of the week. All in all, therefore, a 100% dividend has been distributed to creditors, who have now recovered all of their money just one-and-a-half years since the company filed for insolvency.

metron Vilshofen GmbH, a company specialising in trade fair, event and interior construction, has filed for insolvency. On 30 November 2022, the Local Court of Passau ordered provisional insolvency proceedings and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator.

Kitchen manufacturer rational einbauküchen solutions GmbH based in Melle will have to cease operating in early December 2022 as no investor could be found.

Dr Ria Brüninghoff from PLUTA Rechtsanwalts GmbH has been acting as insolvency administrator for Natura-Holzbau GmbH based in Rheine since 28 November 2022. The attorney has now achieved a solution: Natürlich im Holzhaus GmbH has acquired the business effective 1 December 2022. Professional timber frame houses and log cabins, as well as roof trusses and carports, will continue to be planned and manufactured under this name going forward. A total of 28 employees will work for the transfer company.

Warendorf Küchenfabrik GmbH has filed for insolvency. Following this, on 30 November 2022, the Local Court of Münster ordered provisional insolvency proceedings and appointed Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional administrator.