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New owner for Frankfurt creative agency: PLUTA restructuring expert Frank Mößle finds investor

20 December 2024 · Frankfurt · Business Area Insolvency Administration

Insolvency administrator Mr Frank Mößle from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for conjoin communication GmbH based in Frankfurt am Main. The well-known creative and marketing agency specialising in marketing and digital advertising campaigns had filed for insolvency in late August 2024. Darmstadt agency Trivid GmbH is now set to acquire the business operations. The parties have agreed not to disclose the purchase price.

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Ambiente Care Süd GmbH to become new operator of Parkwohnstift Bad Kissingen – PLUTA attorney Peter Roeger involved as insolvency monitor

18 December 2024 · Würzburg · Business Area Insolvency Administration

Following months of negotiations, a solution has been found for Parkwohnstift Bad Kissingen: Ambiente Care Süd GmbH will take over the operation of the retirement home from 1 January 2025. This welcome news brings certainty for residents and job security for staff. Parkwohnstift gGmbH has been involved in debtor-in-possession insolvency proceedings since February 2024. The competent court opened the proceedings on 1 May 2024 and appointed Mr Peter Roeger from PLUTA Rechtsanwalts GmbH as insolvency monitor. He has welcomed the agreement achieved, which will ensure the continued operation of the retirement home.

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PLUTA team achieves solution for Smileforyou MVZ orthopaedic practice

18 December 2024 · Hallbergmoos · Business Area Insolvency Administration

The PLUTA team has achieved an initial solution with an investor in the insolvency proceedings for the Smileforyou Group. Orthodenta Plus GmbH will acquire the two locations of Smileforyou MVZ GmbH in Göppingen and Eislingen by way of an asset deal and keep on all of the employees.

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PLUTA restructuring expert Dr Kaufmann launches M&A process for Vector Foiltec with a view to securing its future

18 December 2024 · Bremen · Business Area Insolvency Administration

Vector Foiltec, the global market leader in ETFE roofing and façade systems, is currently undergoing a structured process of finding an investor. This step is intended to secure the company’s future and strengthen its market position. The M&A process initiated by provisional insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is in full swing. A number of parties have already submitted non-binding offers, demonstrating the great interest in Vector Foiltec’s innovative solutions. The M&A process will hopefully be concluded quickly by January/February 2025.

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Josephs-Hospital Warendorf makes plans to restructure and secure its future as a debtor in possession

17 December 2024 · Münster · Business Area Insolvency Administration

Josephs-Hospital Warendorf (JHW) yesterday filed for debtor-in-possession proceedings with the Local Court of Münster, as the competent court. The court approved the application and ordered provisional debtor-in-possession proceedings. PLUTA attorney Mr Stefan Meyer has been appointed provisional insolvency monitor.

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Creditors unanimously approve Stute insolvency plan – PLUTA attorney Stefan Meyer involved as insolvency monitor

13 December 2024 · Paderborn, Germany · Business Area Insolvency Administration

Creditors unanimously approved the insolvency plan in the Stute Nahrungsmittelwerke GmbH & Co. KG debtor-in-possession proceedings today. RSM Ebner Stolz had drawn up the plan in close consultation with the insolvency monitor Mr Stefan Meyer and his PLUTA team. The food producer has therefore been restructured, ensuring the company and its jobs have been saved.

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Insolvency proceedings opened for real estate company behind Trianon commercial skyscraper – PLUTA attorney Dr Stephan Laubereau appointed administrator

13 December 2024 · Frankfurt, Germany · Business Area Insolvency Administration

The Local Court of Frankfurt opened insolvency proceedings for the assets of Geschäftshaus am Gendarmenmarkt GmbH and appointed Dr Stephan Laubereau from PLUTA Rechtsanwalts GmbH as administrator on 12 December 2024. The company that owns the Trianon commercial skyscraper in Frankfurt am Main has been involved in provisional insolvency proceedings since June 2024.

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PLUTA M&A team seeks investor for furniture manufacturers Staud and Leuwico

11 December 2024 · Stuttgart / Munich, Germany · Business Area Restructuring

The relevant parties have initiated the structured process of finding an investor for long-standing furniture manufacturers Staud and Leuwico. The M&A team at PLUTA Management GmbH is conducting the transaction process.

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Successful restructuring: creditors approve Grasdorf Group insolvency plan

11 December 2024 · Hanover, Germany · Business Area Insolvency Administration

The PLUTA team can announce good news: six months since filing for restructuring under debtor-in-possession proceedings, a solution has now been found for Grasdorf GmbH and Grasdorf-Rad GmbH. The creditors’ assemblies approved the group’s insolvency plan by a large majority in the respective discussion and voting meetings held this week. An investor agreement had already been successfully concluded in late November. Mr Torsten Gutmann and Mr Ingo Thurm from PLUTA Rechtsanwalts GmbH are the insolvency monitors in these proceedings.

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All trips booked with WE-Flytour cancelled

11 December 2024 · Heilbronn, Germany · Business Area Insolvency Administration

Tour operator WE-Flytour has decided to cancel all booked trips with a departure date of 1 January 2025 or later. The relevant parties have already informed customers and travel agencies about this step.

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PLUTA attorney Georg Jakob Stemshorn seeks investor for Nodo Metall

10 December 2024 · Augsburg · Business Area Insolvency Administration

Nodo Metall GmbH from Schwabmünchen near Augsburg has filed for insolvency. Following this, on 29 November 2024, the Local Court of Augsburg, as the insolvency court, ordered provisional insolvency administration for the company’s assets and appointed Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator. Mr Stemshorn said, “We are analysing how things stand from a business and legal perspective. The business is operating and all orders to hand are being worked on.”

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Strategic investor found for CHRONEXT – debtor-in-possession proceedings supported by PLUTA team

6 December 2024 · Cologne, Germany · Business Area Restructuring

An investor solution has been achieved in the debtor-in-possession proceedings for CHRONEXT Service Germany GmbH, a well-known provider of certified pre-owned (CPO) and vintage watches. The Platform Group AG, a software company for platform solutions, has acquired all assets, trademark rights, online shops and locations effective 1 December 2024. The parties have agreed not to disclose the purchase price.

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PLUTA attorney Peter Roeger seeks investor for Herz and Westend pharmacies in Schweinfurt

6 December 2024 · Bayreuth · Business Area Insolvency Administration

Provisional insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has initiated the process of finding an investor for the Herz and Westend pharmacies in Schweinfurt. Initial discussions with several interested parties have been encouraging. The objective is to find an investor committed to the pharmacies’ long-term future in the next two to three months.

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Michael Pluta appointed provisional insolvency administrator for SOLARMAX

6 December 2024 · Ulm · Business Area Insolvency Administration

On 29 November 2024, the Local Court of Neu-Ulm ordered provisional insolvency administration for the assets of SOLARMAX GmbH based in Burgau and appointed Mr Michael Pluta from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Long-standing bakery Seidel to restructure itself as a debtor in possession

4 December 2024 · Peine · Business Area Restructuring

Seidel Qualitätsbackwaren GmbH, operator of the familiar Seidel Backmanufaktur stores in Peine and the surrounding area, is to reposition itself. To this end, management applied to restructure the company as a debtor in possession. The Local Court of Gifhorn assented to this application and ordered provisional debtor-in-possession proceedings on 2 December 2024.

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Process of finding an investor underway: PLUTA restructuring expert Ingo Thurm seeks interested party for metal foundry Wilhelm Funke

4 December 2024 · Hanover · Business Area Insolvency Administration

One month after metal foundry Wilhelm Funke filed for insolvency, attorney Mr Ingo Thurm from PLUTA has provided an initial assessment: “The response from customers and business partners has been extremely positive. The customers remain loyal to us and we have generated a significant number of new orders since the application for insolvency was filed,” said the provisional administrator, describing the current state of affairs. The restructuring expert from PLUTA Rechtsanwalts GmbH has been working with management to reposition the long-standing foundry since late October. The process of finding an investor was launched last week.

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PALUX AG and other companies involved in debtor-in-possession proceedings – PLUTA attorney Ilkin Bananyarli appointed provisional insolvency monitor

4 December 2024 · Stuttgart, Germany · Business Area Insolvency Administration

After private investors (AURONA Capital GmbH and PENTAPART Beteiligungskapital GmbH) acquired a majority stake in GUSTATUS Holding GmbH in late October 2024, parts of the group had to file an application for debtor-in-possession insolvency proceedings, which was then approved by order of the Local Court of Crailsheim.

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WE-Flytour cancels all trips up to and including 31 December 2024

3 December 2024 · Heilbronn, Germany · Business Area Insolvency Administration

Tour operator WE-Flytour, for which the Local Court of Heilbronn recently ordered provisional insolvency administration, has announced the cancellation of all trips with a departure date up to and including 31 December 2024.

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Insolvency proceedings opened: Ivo-Meinert Willrodt appointed administrator for FWU – process of finding an investor underway

2 December 2024 · Munich, Germany · Business Area Insolvency Administration

The Local Court of Munich has ordered insolvency proceedings for the assets of FWU AG and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as administrator. The German company of the provider of unit-linked life assurance had filed for insolvency in July 2024.

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PLUTA attorney Heike Metzger appointed provisional administrator for tour operator We-Flytour

29 November 2024 · Heilbronn · Business Area Insolvency Administration

The Local Court of Heilbronn ordered provisional insolvency administration for the assets of We-Flytour GmbH and appointed Ms Heike Metzger from PLUTA Rechtsanwalts GmbH as provisional administrator on 27 November 2024.

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PLUTA restructuring expert Georg Jakob Stemshorn finds investor for textile manufacturer Kneer

29 November 2024 · Ulm · Business Area Insolvency Administration

Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has found an investor for Wäschefabrik Kneer e.K. based in Westerheim in Baden-Württemberg. Nusser Textil GmbH, also headquartered in Westerheim, will acquire the business by way of an asset deal. Around half of the 23 employees will be kept on. The purchase agreement has already been signed. The economic transfer under this transaction is planned for 1 January 2025.

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PLUTA attorney Sebastian Laboga appointed provisional administrator for VSG Altglienicke Berlin Fußball GmbH

29 November 2024 · Berlin, Germany · Business Area Insolvency Administration

The Local Court of Charlottenburg ordered provisional insolvency proceedings for the assets of VSG Altglienicke Berlin Fußball GmbH on 26 November 2024. Mr Sebastian Laboga, an insolvency expert from PLUTA Rechtsanwalts GmbH, has been appointed provisional administrator.

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Solution for Gussek: PLUTA attorney Dr Kaufmann finds investor for window manufacturer

29 November 2024 · Bremen · Business Area Insolvency Administration

Dr Christian Kaufmann of PLUTA Rechtsanwalts GmbH has achieved a last-minute rescue by finding an investor for the insolvent Fensterbau Gussek GmbH & Co. KG in his capacity as insolvency administrator. Gerdes GmbH, a well-known company in the region, will acquire the business operations and keep on 35 employees, thereby adding wooden and wood-aluminium windows to its portfolio.

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Max Valier Holding to take over long-established company KOLBUS

28 November 2024 · Bielefeld · Business Area Insolvency Administration

Max Valier Holding GmbH will take over the business operations and keep on over 250 employees and all 90 or so trainees in the debtor-in-possession proceedings for mechanical engineering company KOLBUS based in Rahden. Those responsible have signed a corresponding term sheet with Max Valier Holding GmbH, located in Oberhaching near Munich and Bolzano in South Tyrol, on the basis of a binding offer approved by the creditors’ committee. The M&A transaction is expected to be closed on 1 January 2025.

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PLUTA M&A team successfully completes Rise Up Fashion GmbH transaction

25 November 2024 · Munich · Business Area Restructuring

The team under Mr Ludwig Stern and Ms Laura Holzmannstetter from PLUTA Management GmbH has found an investor for insolvent company Rise Up Fashion GmbH from Berlin. A subsidiary of Snocks GmbH has acquired the fashion company, known under the sportswear brand Oceansapart. The PLUTA team coordinated the entire process of finding an investor, from the preparation of the documents for the data room and the contract negotiations through to the signing of the transaction.

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PLUTA restructuring expert Ilkin Bananyarli maintains business operations of Sauter based in Metzingen

25 November 2024 · Stuttgart · Business Area Insolvency Administration

Sauter Feinmechanik GmbH based in Metzingen has filed for insolvency with the Local Court of Tübingen, as the competent court. Following this, the court ordered provisional insolvency proceedings for the mechanical engineering company’s assets on 22 November 2024. The court has appointed attorney Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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CNC machining specialist IZW continuing to operate

21 November 2024 · Würzburg · Business Area Insolvency Administration

Innovative Zerspanungstechnik Wiebelbach GmbH (IZW) from Kreuzwertheim in the Franconia region has filed for insolvency. Following this, on 14 November 2024, the Local Court of Würzburg ordered provisional insolvency administration for the company’s assets and appointed Mr Patrick Meyerle from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA attorney Frank Schorisch appointed provisional insolvency administrator for WIEMO

20 November 2024 · Herford · Business Area Insolvency Administration

WIEMO Wiehengebirgs-Molkerei Unterlübbe KG from Hille has filed for insolvency. Following this, on 7 November 2024, the Local Court of Bielefeld ordered provisional insolvency administration for the company’s assets and appointed attorney Mr Frank Schorisch from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Discussions with potential investors for home textile manufacturer Kneer at an advanced stage

19 November 2024 · Ulm · Business Area Insolvency Administration

A future for Wäschefabrik Kneer e.K. is beginning to take shape: insolvency administrator Mr Georg Jakob Stemshorn from PLUTA is in advanced talks with several interested parties. The aim is to sell the manufacturer of premium bedding and soft furnishings based in Westerheim in the federal state of Baden-Württemberg to an investor in the near future.

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PLUTA attorney Wolfgang Bernhardt appointed provisional insolvency administrator for Lilium N.V.

12 November 2024 · Munich · Business Area Insolvency Administration

Lilium N.V., the parent company to operating subsidiaries Lilium GmbH and Lilium eAircraft GmbH, has filed for insolvency with the Local Court of Weilheim. Following this, on 8 November 2024, the court ordered provisional insolvency administration for the company’s assets and appointed Mr Wolfgang Bernhardt from PLUTA Rechtsanwalts GmbH as provisional administrator.

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“Target reached”: PLUTA attorney Ivo-Meinert Willrodt to submit MARO insolvency plan to court

11 November 2024 · Munich, Germany · Business Area Insolvency Administration

An important milestone has been reached by the PLUTA team and the MARO board together with supporters and rescue capital providers in the insolvency proceedings for housing cooperative MARO. Yesterday was the deadline for contributing to the MARO rescue capital, and the required sum of around four million euros was exceeded.

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Bielefeld-based restructuring expert Dr Wehner from PLUTA finds investor for furniture component supplier LignoSmart

11 November 2024 · Lübbecke · Business Area Insolvency Administration

Dr André Wehner from PLUTA Rechtsanwalts GmbH has welcome news in the insolvency proceedings for LignoSmart Holztechnik GmbH based in Lübbecke: the creditors’ assembly unanimously agreed the transfer of business operations to GELA-FORM Möbel GmbH & Co. KG from Herford during last week’s report meeting at the Local Court of Bielefeld. The economic transfer took effect on 1 November 2024. The purchase agreement had already been signed in late October.

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ISG launches process to find investor and secure its future

7 November 2024 · Frankfurt · Business Area Insolvency Administration

ISG Deutschland GmbH, a leading construction service provider delivering high-quality fit out solutions, has formally announced that it has launched an M&A process. It is aiming to quickly find a suitable investor that will strengthen the company in the long term and secure its business operations. Experienced transaction specialist Mr Robert Neufeld from novaerion GmbH is leading the structured M&A process.

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Metal foundry Wilhelm Funke continuing to operate without restrictions

4 November 2024 · Hanover, Germany · Business Area Insolvency Administration

Metallgiesserei Wilhelm Funke GmbH & Co. KG, a metal foundry based in Alfeld on the river Leine, has filed for insolvency. On 29 October 2024, the Local Court of Hildesheim ordered provisional insolvency proceedings for the company’s assets. Attorney Mr Ingo Thurm from PLUTA Rechtsanwalts GmbH has been appointed provisional administrator.

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Insolvency plan solution for transport company Maibach Logistik GmbH

4 November 2024 · Nuremberg · Business Area Insolvency Administration

In the debtor-in-possession proceedings for Maibach Logistik GmbH, management and its advisors have drawn up an insolvency plan that will ensure the survival of the logistics company. After being submitted to the court, the insolvency plan was unanimously approved by creditors in October. Despite the difficult circumstances, the best possible outcome has been achieved after some nine months of keeping the business operating. The insolvency monitor in the proceedings, Mr Daniel Barth from PLUTA Rechtsanwalts GmbH, is protecting the interests of creditors together with business lawyer Mr Maximilian Wanko.

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Vector Foiltec continuing to operate

4 November 2024 · Bremen, Germany · Business Area Insolvency Administration

Vector Foiltec based in Bremen filed for insolvency on 30 October 2024. The company will be supported in the proceedings by provisional insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH and a FIDES Corporate Finance GmbH team led by managing director Mr Tobias Kersten, a public auditor, tax consultant and attorney.

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Staffel car dealership group continuing to operate at all locations

31 October 2024 · Erfurt · Business Area Insolvency Administration

The Local Court of Meiningen has ordered provisional insolvency administration for the assets of the Staffel car dealership group headquartered in Hildburghausen in the state of Thuringia and appointed attorneys from PLUTA Rechtsanwalts GmbH and law firm FRH as provisional insolvency administrators. Overall, the group consists of five companies operating car dealerships at seven locations in Thuringia and Bavaria.

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GÖRG and PLUTA assist Lilium in restructuring as a debtor in possession

29 October 2024 · Munich, Germany · Business Area Insolvency Administration

Bavarian air taxi start-up Lilium has filed to initiate debtor-in-possession insolvency proceedings for subsidiaries Lilium GmbH and Lilium eAircraft GmbH with the competent court, namely the Local Court of Weilheim. The court has assented to the applications and ordered provisional debtor-in-possession proceedings. Experienced restructuring and turnaround experts Professor Dr Gerrit Hölzle and Dr Thorsten Bieg from GÖRG have been appointed to assist management in running the business. Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has been named provisional insolvency monitor in both proceedings.

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PLUTA attorneys seek investor for multiple orthodontic practices

25 October 2024 · Hallbergmoos, Germany · Business Area Insolvency Administration

Attorney Mr Daniel Barth is provisional insolvency administrator for SMILIKE GmbH and Smileforyou MVZ GmbH. Attorney Mr Ivo-Meinert Willrodt has been appointed provisional administrator for the practice of Dr Friedrich Widu. The attorneys are being supported in all three proceedings by business lawyer Mr Maximilian Wanko.

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Lebenshilfe Bocholt-Rhede-Isselburg e.V. undergoing debtor-in-possession proceedings – Dr Brüninghoff appointed provisional insolvency monitor

24 October 2024 · Münster, Germany · Business Area Insolvency Administration

Attorney Mr Sebastian Scheuer from law firm Stellmach & Bröckers, acting on behalf of the board of Lebenshilfe Bocholt-Rhede-Isselburg e.V. and management at Lebenshilfe Bocholt Wohnen gemeinnützige GmbH in his capacity as general agent, has applied to the Local Court of Münster for the opening of debtor-in-possession insolvency proceedings. The court has approved the applications and appointed Dr Ria Brüninghoff from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor to protect the interests of the overall body of creditors in both proceedings.

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alfer Group signs contract to acquire DIY Element System GmbH business operations by way of an asset deal

16 October 2024 · Ulm, Germany · Business Area Insolvency Administration

ALFER Beteiligungs GmbH (along with its subsidiary that will operate under the name alfer element system GmbH in the future) is pleased to announce the conclusion of the purchase and transfer agreement for the acquisition of the business operations of DIY Element System GmbH (DIY). Following the takeover of the alfer Group by a fund managed by SOL Capital Management GmbH (SOL) at the start of the year, this is the next step in further expanding the group’s already strong position in the do-it-yourself market.

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MARO insolvency plan: PLUTA restructuring expert Ivo-Meinert Willrodt draws attention to approaching deadline

15 October 2024 · Munich, Germany · Business Area Insolvency Administration

Mr Ivo-Meinert Willrodt, insolvency administrator for MARO Genossenschaft für selbstbestimmtes und nachbarschaftliches Wohnen e.G., has extended the deadline for payment of support contributions to 10 November 2024. The housing development cooperative will need to have received payments totalling at least 4 million euros by then.

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PLUTA attorney Peter Roeger keeps Herz and Westend pharmacies in Schweinfurt operational

15 October 2024 · Schweinfurt, Germany · Business Area Insolvency Administration

Pharmacies Herz Apotheke and Westend Apotheke in Schweinfurt have filed for insolvency. On 4 October 2024, the Local Court of Schweinfurt ordered provisional insolvency administration for the assets of the pharmacies, which are run as sole proprietorships, and appointed Mr Peter Roeger from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA attorney Torsten Gutmann seeks investor for engineering service provider PROSPER X

14 October 2024 · Braunschweig, Germany · Business Area Insolvency Administration

The search for an investor is proceeding as a matter of urgency in the insolvency proceedings for PROSPER X GmbH. The company, an innovative IT and engineering service provider focused on the automotive industry, has been involved in insolvency proceedings since late August 2024. The Local Court of Braunschweig has appointed attorney Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH as provisional administrator. The software and engineering specialist has remained fully operational.

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Partial solution found for Technikwerker GmbH

11 October 2024 · Hallbergmoos, Germany · Business Area Insolvency Administration

Attorney Mr Daniel Barth from PLUTA Rechtsanwalts GmbH, together with his colleague Mr Maximilian Wanko, has found a partial solution in the insolvency proceedings for Technikwerker GmbH based in Dorfen. The company’s B2B division has been sold to a local investor by way of an asset deal. The repair service and business customer project operations have been acquired by MEDIA-TECH GmbH, also based in Dorfen. The parties have agreed not to disclose any details concerning the purchase agreement. As the B2C operations were loss-making, it was not possible to find an investor for that part of the business.

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Initial solution for Mäschle bakery stores

11 October 2024 · Singen, Germany · Business Area Insolvency Administration

Mr Florian Schiller from PLUTA Rechtsanwalts GmbH has found an initial follow-up solution for three Mäschle bakery stores. The purchase agreement was signed yesterday. Ulm-based bakery operation Staib will acquire one store in Erbach and a further two in the Kaufland hypermarkets in Laupheim and Langenau. Employees will receive job offers from Staib, a family-run business. Bäckerei Staib GmbH & Co. KG has been supported in the transaction by attorney Mr Armin Schneider from Biberach.

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PLUTA attorney Dr Christian Kaufmann secures Waltron GmbH’s future

8 October 2024 · Bremen, Germany · Business Area Insolvency Administration

Attorney Dr Christian Kaufmann, insolvency administrator for Waltron GmbH based in Warmsen, has found a follow-up solution for the company. The restructuring expert from PLUTA Rechtsanwalts GmbH has sold the business operations to Tropical Heimtierbedarf Deutschland GmbH from Ruhmannsfelden, Bavaria, effective 1 October 2024.

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Knoche continuing to operate without restrictions

30 September 2024 · Hanover, Germany · Business Area Insolvency Administration

Knoche Maschinenbau GmbH from Bad Nenndorf in Lower Saxony has filed for insolvency. On 26 September 2024, the Local Court of Bückeburg ordered provisional insolvency proceedings for the company’s assets. Mr Torsten Gutmann, a restructuring expert from PLUTA Rechtsanwalts GmbH, has been appointed provisional administrator.

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Process of finding investor for special wheel manufacturer Grasdorf at advanced stage: company negotiating with multiple interested parties

27 September 2024 · Hanover, Germany · Business Area Insolvency Administration

Grasdorf, a manufacturer of special wheels, is currently holding promising discussions with several potential buyers. The company is aiming to find an investor in the near term.

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PLUTA restructuring expert Ivo-Meinert Willrodt informs 2,200 MARO sponsors about insolvency plan

24 September 2024 · Munich, Germany · Business Area Insolvency Administration

Mr Ivo-Meinert Willrodt, insolvency administrator for MARO Genossenschaft für selbstbestimmtes und nachbarschaftliches Wohnen eG, last night provided an update on the cooperative’s proceedings. “We held an online information event for all 2,200 members and sponsors to present the insolvency plan and outline the next steps,” said Mr Willrodt from PLUTA Rechtsanwalts GmbH.

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PLUTA attorney Dr Dieter Schmid appointed provisional administrator for Polyglas Weirather

24 September 2024 · Ulm, Germany · Business Area Insolvency Administration

Polyglas Weirather GmbH has filed for insolvency with the Local Court of Neu-Ulm. On 19 September 2024, the court then ordered provisional insolvency administration for the company’s assets and appointed Dr Dieter Schmid from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Creditor approval for insolvency plan for DIE DIAKONIE based in Lübbecke

18 September 2024 · Lübbecke, Germany · Business Area Restructuring

In the debtor-in-possession proceedings for DIE DIAKONIE – Pflege- und Gesundheitsdienst gGmbH based in Lübbecke, the discussion and voting meeting regarding the insolvency and restructuring plan submitted by the company, under the supervision of the general agents, took place today at the Local Court of Bielefeld. The creditors present at the meeting unanimously approved the insolvency plan solution (100% acceptance), paving the way for the company’s restructuring. The insolvency and restructuring plan envisages the retention of the legal entity of DIE DIAKONIE – Pflege- und Gesundheitsdienst gGmbH. The two outpatient care services in Lübbecke and Pr. Oldendorf will be maintained and all current jobs there will be saved.

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PLUTA attorney Georg Jakob Stemshorn achieves agreement in Windhager proceedings

17 September 2024 · Augsburg, Germany · Business Area Insolvency Administration

Insolvency administrator Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has achieved a negotiated settlement with BHT – Best Heating Technology in the Windhager proceedings.

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Solution found to preserve Stute Nahrungsmittelwerke GmbH & Co. KG

16 September 2024 · Paderborn, Germany · Business Area Insolvency Administration

Following a decisive breakthrough in the past week in the debtor-in-possession proceedings for Stute Nahrungsmittelwerke GmbH & Co. KG, a solution is in the works for the preservation of the Abtsbrede site. This news was relayed to the company’s creditors at the verification and report meeting at the Local Court of Paderborn, as the insolvency court, after which the employees and customers were also informed.

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Major investor interest in Fellensiek Group / PLUTA attorney Dr Christian Kaufmann to launch M&A process

12 September 2024 · Bremen, Germany · Business Area Insolvency Administration

Only a few days since Fellensiek Projektmanagement GmbH & Co. KG filed for insolvency, more than 50 parties have already registered their interest with provisional insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH. A structured M&A process will now be launched in the proceedings, with offers having been received from consultancy firms specialising in this area.

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PLUTA attorney Georg Jakob Stemshorn seeks investor for home textile manufacturer Kneer

11 September 2024 · Ulm · Business Area Insolvency Administration

On 2 September 2024, the Local Court of Ulm ordered provisional insolvency administration for the assets of Wäschefabrik Kneer e. K. and appointed Mr Georg Jakob Stemshorn as provisional administrator. The restructuring expert from PLUTA Rechtsanwalts GmbH is working with management to maintain all business operations of the manufacturer of bedding and soft furnishings based in Westerheim in the federal state of Baden-Württemberg. Customers can shop in store and online as usual and all orders are being processed. In parallel, Mr Stemshorn is looking for an investor for the family-run business.

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X-ray system manufacturer PROTEC files for insolvency – PLUTA attorney Steffen Beck appointed provisional administrator

10 September 2024 · Stuttgart · Business Area Insolvency Administration

PROTEC GmbH & Co. KG filed for insolvency with the Local Court of Heilbronn on 29 August 2024. The court then ordered provisional insolvency proceedings and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA partner Torsten Gutmann finds investor for Neuer Hof retirement and nursing home

9 September 2024 · Hanover, Germany · Business Area Insolvency Administration

Following successful negotiations, insolvency administrator Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH has found a sustainable solution for the Neuer Hof retirement and nursing home in Bad Lauterberg. Lebenswert Wohnen und Pflege GmbH based in Potsdam has acquired the business operations effective 1 September 2024. prop Projekt Eilenriede UG, a company of the prop Projekte Partner GmbH Group based in Hanover, has bought the real estate.

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PLUTA attorney Dr Kaufmann appointed provisional administrator for PV project developer Fellensiek

4 September 2024 · Bremen, Germany · Business Area Insolvency Administration

Fellensiek Projektmanagement GmbH & Co. KG based in Jever has filed for insolvency due to liquidity problems. Following this, on 3 September 2024, the Local Court of Wilhelmshaven ordered provisional insolvency proceedings and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional administrator. Dr Kaufmann, manager of the PLUTA branches in Bremen and Oldenburg, will now review all restructuring options for the photovoltaic project developer.

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Haus Vier Eichen retirement home: PLUTA attorney Dr André Wehner appointed provisional administrator

3 September 2024 · Lübbecke, Germany · Business Area Insolvency Administration

Haus Vier Eichen Alten- und Pflegeheim GmbH has filed for insolvency. On 28 August 2024, the Local Court of Bielefeld ordered provisional insolvency administration for the company’s assets and appointed Dr André Wehner from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Bayreuth Tigers insolvency proceedings terminated

30 August 2024 · Bayreuth, Germany · Business Area Insolvency Administration

Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has announced the conclusion of the insolvency proceedings for the Bayreuth Tigers: the Local Court of Bayreuth terminated the company’s insolvency proceedings on 29 August 2024.

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Future secured: investor found for Achtzig20 based in Ingolstadt

30 August 2024 · Munich, Germany · Business Area Restructuring

Achtzig20 GmbH has announced its successful restructuring. unconventional Holding SE will acquire the business operations and take on all some 160 employees, as well as the subsidiaries in Austria and Slovenia, effective 1 September 2024. The facility in Ingolstadt will be maintained. Achtzig20 has been involved in debtor-in-possession restructuring proceedings aimed at equipping the company for the future since June.

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WORMLAND successfully completes restructuring – PLUTA attorney Torsten Gutmann involved as insolvency monitor

30 August 2024 · Hanover, Germany · Business Area Insolvency Administration

The Insolvency Court of Hanover decided to terminate the debtor-in-possession proceedings on 31 August 2024. Accordingly, after eight months, the WORMLAND insolvency proceedings have been concluded with the implementation of the restructuring plan approved by the creditors’ assembly. The company is now in sole charge of its affairs once again. Having been acquired by Osnabrück-based family business L&T, WORMLAND with its more than 300 employees across Germany has now successfully achieved a fresh start

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PLUTA attorneys Stefan Meyer and Dr Christian Kaufmann appointed provisional administrators for Gussek

28 August 2024 · Muenster/Bremen · Business Area Insolvency Administration

The Gussek Group, a long-established supplier of prefabricated houses based in Nordhorn, Lower Saxony, has filed for insolvency for its operating companies. By its decision taken on 27 August 2024, the Local Court of Nordhorn, as the competent court, appointed attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for Gussek-Haus Franz Gussek GmbH & Co. KG. The provisional administrator for Gussek Haus Kellerbau GmbH and Fensterbau Gussek GmbH & Co. KG is PLUTA attorney Dr Christian Kaufmann.

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Investor solution secures future of organic baby food manufacturer Töpfer

28 August 2024 · Kempten, Germany · Business Area Restructuring

Töpfer GmbH, a leading producer of premium organic baby food, has delivered good news: management and the PLUTA restructuring experts have succeeded in finding an investor within the framework of an insolvency plan solution. TCF Capital is a strategic investor with significant experience in the grocery business and other sectors.

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PLUTA attorney Peter Roeger seeks investor for technology firm Evocortex

21 August 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Evocortex GmbH based in Nuremberg has filed for insolvency. Following this, on 1 August 2024, the Local Court of Nuremberg ordered provisional insolvency proceedings and appointed attorney Mr Peter Roeger from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA restructuring expert Heinz-Joachim Hombach finds investor for Allgaier Sachsen GmbH

20 August 2024 · Leipzig, Germany · Business Area Insolvency Administration

Attorney Mr Heinz-Joachim Hombach from PLUTA Rechtsanwalts GmbH has delivered good news: the insolvency administrator has found an investor for Allgaier Sachsen GmbH, having kept the business operating for more than a year. The Martin Group headquartered in Ebersdorf bei Coburg in Bavaria is to acquire the automotive supplier’s operations and all some 100 employees by way of an asset deal. Allgaier Sachsen manufactures large structural parts and assemblies made of steel and aluminium for automotive customers.

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PLUTA restructuring expert Ivo-Meinert Willrodt to start process of finding investor for FWU AG

19 August 2024 · Munich, Germany · Business Area Insolvency Administration

FWU AG has been involved in provisional insolvency proceedings for the past four weeks, with attorney Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH having been appointed provisional administrator. The restructuring expert has provided an update on the initial important actions in the proceedings.

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CHRONEXT announces strategic restructuring – PLUTA team supporting company during proceedings

14 August 2024 · Cologne, Germany · Business Area Restructuring

CHRONEXT Service Germany GmbH, a leading provider of certified pre-owned (CPO) and vintage watches, has initiated debtor-in-possession restructuring proceedings. This strategic decision taken by managing director Ms Frederike Knop represents an important step in putting the company on course to achieve a sustainable restructuring.

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PLUTA attorney Daniel Barth appointed provisional administrator for electronics specialist Technikwerker

14 August 2024 · Hallbergmoos, Germany · Business Area Insolvency Administration

Technikwerker GmbH based in Dorfen has filed for insolvency. Following this, on 9 August 2024, the Local Court of Landshut ordered provisional insolvency administration for the company’s assets and appointed Mr Daniel Barth from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA M&A team conducts process to find investor for sports fashion brand Oceansapart

5 August 2024 · Berlin, Germany · Business Area Restructuring

Rise Up Fashion GmbH, known under its brand name Oceansapart, is to be sold to an investor as part of a structured M&A process. The process is being carried out by a PLUTA Management GmbH team specialising in M&A transactions, which is headed by Mr Ludwig Stern.

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AWO OWL in-court debtor-in-possession and restructuring proceedings ended and district association in a financially solid position

1 August 2024 · Bielefeld, Germany · Business Area Insolvency Administration

With an overwhelming majority of the creditors’ assembly (almost 100% across all groups, specifically 99.9%) having approved the insolvency plan presented by workers’ welfare district association AWO Bezirksverband Ostwestfalen-Lippe e.V. (AWO OWL) at the discussion and voting meeting before the Local Court of Bielefeld on 3 July 2024, the insolvency and restructuring plan has now obtained legal force.

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Business operations of the financial services company FWU continue

23 July 2024 · Munich, Germany · Business Area Insolvency Administration

FWU AG filed for insolvency on 19 July 2024. On the same day, the Local Court of Munich ordered provisional insolvency administration for the company's assets and appointed attorney Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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Rahden-based mechanical engineering firm initiates restructuring proceedings

22 July 2024 · Bielefeld, Germany · Business Area Insolvency Administration

KOLBUS, a family-owned company that has been in business for 249 years, has initiated debtor-in-possession restructuring proceedings so that it can make use of the improved restructuring and turnaround opportunities available to it under such. The Local Court of Bielefeld, as the competent court, has ordered provisional debtor-in-possession proceedings in accordance with the company’s application and appointed restructuring expert and attorney Mr Stefan Meyer (PLUTA Rechtsanwalts GmbH) as provisional insolvency monitor.

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Creditors to receive high recovery rate: PLUTA restructuring expert Dr Christian Kaufmann achieves solution for Diadema service company

11 July 2024 · Oldenburg, Germany · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH, the insolvency administrator for Diadema GmbH, has announced positive news for the service company of the Diakonie charitable organisation in the Oldenburg Land region. Creditors unanimously approved the insolvency plan at the discussion and voting meeting held on 5 July 2024.

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PLUTA attorney Patrick Meyerle seeks investor for long-standing Fürth company

10 July 2024 · Nuremberg, Germany · Business Area Insolvency Administration

The PLUTA team under Mr Patrick Meyerle is looking for an investor for Wolfrum Formenbau GmbH und Co. KG. The family business based in Fürth had to file for insolvency in early July. On 3 July 2024, the Local Court of Fürth then ordered provisional insolvency proceedings for the company’s assets and appointed Mr Patrick Meyerle as provisional administrator. The business is operating normally and continuing to supply customers as usual.

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PLUTA attorney Sebastian Laboga finds investor for AMIA Energy

10 July 2024 · Berlin, Germany · Business Area Insolvency Administration

Insolvency administrator Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH has succeeded in selling and transferring the business operations of AMIA Energy GmbH, effective 1 July 2024. Last Friday, the contracts were signed with the investor that will keep the business operating, under the company name AMIA Energy Solutions GmbH.

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Grasdorf to restructure as a debtor in possession

9 July 2024 · Hanover, Germany · Business Area Insolvency Administration

Grasdorf, a manufacturer of special wheels, is to position itself for the future under a debtor-in-possession restructuring process. With management having filed for initiation of debtor-in-possession proceedings, the Local Court of Hildesheim ordered provisional proceedings for Grasdorf GmbH and Grasdorf-Rad GmbH on 18 June 2024.

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PLUTA restructuring expert Dr Christian Kaufmann finds investor for Blexen retirement home

9 July 2024 · Oldenburg, Germany · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH, acting in his capacity as insolvency administrator, has achieved the ideal outcome for residents of a second insolvent retirement home run by the Diakonie charitable organisation in the Oldenburg Land region. Following the successful solution for the Haarentor retirement home, the specialist attorney has now been able to find an investor for the ‘to huus achtern Diek’ retirement home in Blexen. An operating company under the Luehrsen Investment Group based in Bremen will take over the retirement home, while another business within the group will acquire the property.

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Creditors approve WORMLAND insolvency plan – insolvency monitor Mr Torsten Gutmann oversees proceedings

5 July 2024 · Hanover, Germany · Business Area Insolvency Administration

Creditors of THEO WORMLAND GmbH have approved by majority vote the insolvency plan for the company at the discussion and voting meeting convened by the Local Court of Hanover, as the competent court. The court had already reviewed and approved the plan prior to this. Insolvency monitor Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH has welcomed the decision, which will enable fashion retailer WORMLAND to conclude its repositioning, probably by early August.

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PLUTA attorney Daniel Barth seeks investor for Nuremberg restaurants

4 July 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Mr Daniel Barth from PLUTA Rechtsanwalts GmbH has launched the process of finding an investor for TINTO GmbH. By its decision taken on 25 June 2024, the Local Court of Nuremberg ordered provisional insolvency proceedings for the company’s assets and appointed the attorney as provisional administrator.

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Creditors approve AWO OWL restructuring plan, paving the way for repositioning

3 July 2024 · Bielefeld, Germany · Business Area Insolvency Administration

In a creditors’ assembly held today at the Local Court of Bielefeld, 99.9% of creditors of workers’ welfare district association AWO Bezirksverband Ostwestfalen-Lippe e.V. (AWO OWL) approved the insolvency plan submitted by the central association. The plan, which provides for a sustainable restructuring, had been drawn up by the Board in close consultation with general agent Mr Andreas Budnik from the law firm AndresPartner and the insolvency monitor, attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH. Following the creditors’ vote, the plan was confirmed by the court at the same meeting.

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Organic baby food manufacturer Töpfer continues its restructuring: debtor-in-possession proceedings opened

1 July 2024 · Kempten, Germany · Business Area Restructuring

Töpfer GmbH, a leading producer of organic baby food, can continue its restructuring. The Local Court of Kempten opened in-court restructuring proceedings under debtor-in-possession management on 1 July 2024 as planned, thus confirming that the business is capable of being restructured.

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PLUTA attorney Dr Wehner seeks investor for furniture component supplier LignoSmart

27 June 2024 · Lübbecke, Germany · Business Area Insolvency Administration

LignoSmart Holztechnik GmbH based in Lübbecke has filed for insolvency due to liquidity problems. Following this, on 21 June 2024, the Local Court of Bielefeld ordered provisional insolvency proceedings and appointed Dr André Wehner from PLUTA Rechtsanwalts GmbH as provisional administrator. He is now looking for an investor that will make the furniture component supplier fit for the future.

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PLUTA restructuring expert Ivo-Meinert Willrodt announces significant progress in proceedings for MARO

26 June 2024 · Munich, Germany · Business Area Insolvency Administration

Mr Ivo-Meinert Willrodt, insolvency administrator for MARO Genossenschaft für selbstbestimmtes und nachbarschaftliches Wohnen eG (MARO), has announced positive progress in the cooperative’s insolvency proceedings. The restructuring expert from PLUTA Rechtsanwalts GmbH is currently working with his team on an insolvency plan intended to allow for a sustainable and viable realignment of MARO’s operations. He has already completed a number of significant initial steps, while key business partners and banks have also pledged their support.

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PLUTA restructuring expert Steffen Beck appointed provisional administrator for Amscan Europe

19 June 2024 · Stuttgart, Germany · Business Area Insolvency Administration

Amscan Europe GmbH has filed for insolvency. Yesterday, the Local Court of Esslingen then ordered provisional insolvency administration for the company’s assets and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Shoe wholesaler Pölking achieves restructuring plan solution

18 June 2024 · Osnabrück, Germany · Business Area Insolvency Administration

Having maintained its operations within the framework of debtor-in-possession proceedings for the past 14 months, shoe wholesaler J.H. Pölking has achieved a restructuring plan solution. Creditors approved the submitted insolvency plan in early May 2024. The Local Court of Osnabrück has terminated the restructuring proceedings effective 31 May 2024.

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Weissglut restaurant in Amberg remains open for business

13 June 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Weissglut GmbH, which runs the restaurant of the same name in Amberg, Bavaria, has filed for insolvency. Following this, on 5 June 2024, the Local Court of Amberg ordered provisional insolvency proceedings and appointed Mr Daniel Barth from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA attorneys Ivo-Meinert Willrodt and Marlene Scheinert appointed provisional administrators for Dock Financial in Germany

13 June 2024 · Munich, Germany · Business Area Insolvency Administration

Fintech company Dock Financial based in Munich has filed for insolvency. On 22 May 2024, the Local Court of Munich ordered provisional insolvency proceedings. The court appointed attorney Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for Dock Financial GmbH. His colleague, attorney Ms Marlene Scheinert, was appointed provisional insolvency administrator for parent company Dock Financial Capital GmbH. Both restructuring experts are being supported by attorney Mr Mirko Möllen.

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Strategic realignment: management consultancy Achtzig20 GmbH starts debtor-in-possession proceedings

12 June 2024 · Munich, Germany · Business Area Restructuring

Achtzig20 GmbH has initiated debtor-in-possession restructuring proceedings with the aim of putting the management consultancy firm on a viable footing. Dr Maximilian Pluta and Mr Hans-Christian Källner, restructuring experts at PLUTA Rechtsanwalts GmbH, are supporting the repositioning under the lead management of Mr Ivo-Meinert Willrodt. In early June, the Local Court of Ingolstadt ordered provisional debtor-in-possession management and appointed attorney Mr Marc-André Kuhne from law firm dkr kuhne dr. raith in Munich as provisional insolvency monitor. He is overseeing the proceedings and representing the interests of the creditors.

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PLUTA team achieves follow-up solution for roofing company Falter

11 June 2024 · Frankfurt, Germany · Business Area Restructuring

The PLUTA team has been able to achieve a follow-up solution under debtor-in-possession proceedings for Falter, a company based in the federal state of Hesse. Die Dachspezialisten GmbH, a Lighthouse Group company, has acquired the business operations and all remaining employees by way of an asset deal, effective 1 June 2024.

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PLUTA attorney Fritz Zanker finds investor for Allgaier company in Mexico

11 June 2024 · Stuttgart, Germany · Business Area Insolvency Administration

The PLUTA team has announced the sale of another company as part of the Allgaier Group’s insolvency proceedings. Insolvency administrator Mr Fritz Zanker has sold the Mexican subsidiary of Allgaier Werke GmbH to an Italian investor. Some 500 jobs in Mexico will therefore be saved.

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Follow-up solution for koelble & brunotte: PLUTA restructuring expert Ilkin Bananyarli finds investor for long-established fashion store in Stuttgart

4 June 2024 · Stuttgart, Germany · Business Area Insolvency Administration

Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH has achieved a follow-up solution for Koelble & Brunotte GmbH, the operator of the eponymous, long-established fashion store in Stuttgart city centre. Following intensive negotiations, the insolvency administrator has succeeded in finding an investor for the business. The buyer will acquire the operations as part of an asset deal, effective 1 June 2024, and keep on all 14 employees. The purchase agreement has already been signed.

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INTERBODEN Group sold: successful conclusion to M&A process

3 June 2024 · Düsseldorf, Germany · Business Area Insolvency Administration

Real estate developer INTERBODEN has been sold. Management, advisors at law firm ATN, attorney Dr Marc d’Avoine, Mr Ignacio Ordejón and attorney and business management expert Mr Paul Michels as well as attorney Dr Uwe Paul from PLUTA Rechtsanwalts GmbH have found an investor. The Götzen shareholder family provided significant support for the process.

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PLUTA expert Ivo-Meinert Willrodt appointed administrator for MARO housing development cooperative

31 May 2024 · Munich, Germany · Business Area Insolvency Administration

Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has been appointed insolvency administrator for MARO Genossenschaft für selbstbestimmtes und nachbarschaftliches Wohnen eG, a cooperative with a mission to enable people to lead self-determined lives within community settings. The Local Court of Munich ordered regular insolvency proceedings for the cooperative on 28 May 2024.

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DIY continues restructuring under debtor-in-possession proceedings

27 May 2024 · Ulm, Germany · Business Area Insolvency Administration

DIY Element System GmbH based in Rottenacker has filed for debtor-in-possession insolvency with the Local Court of Ulm. Restructuring expert Mr Marc-Philippe Hornung from law firm SZA Schilling, Zutt & Anschütz joined the management board once the provisional debtor-in-possession proceedings were ordered and is supporting DIY in these. The Local Court of Ulm (insolvency court) has appointed Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor.

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PLUTA attorney Ilkin Bananyarli achieves agreement in insolvency proceedings for campus

27 May 2024 · Stuttgart, Germany · Business Area Insolvency Administration

Insolvency administrator Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH has found a sustainable solution in the proceedings for campus GmbH Bauten für Bildung und Sport. An insolvency plan requiring creditor approval was drawn up in recent weeks. This has secured the future of the firm of architects, which is primarily involved in the design and construction of public facilities.

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PLUTA attorney Ilkin Bananyarli reviews restructuring options for real estate company wohninvest

24 May 2024 · Stuttgart, Germany · Business Area Insolvency Administration

Some of the companies in the wohninvest real estate group based in Fellbach, near Stuttgart, have filed for insolvency. The Local Court of Stuttgart, as the competent court, has appointed attorney Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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PLUTA expert Stefan Meyer successfully completes investor solution for automotive supplier FRIMO

22 May 2024 · Münster, Germany · Business Area Insolvency Administration

In the insolvency proceedings for automotive supplier FRIMO, insolvency administrator Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH, a specialist attorney for insolvency and restructuring law, has announced the completion of the M&A transaction. Through his efforts and those of his PLUTA restructuring team, management at the company and advisors to the buyer, FRIMO Innovative Technologies GmbH, all closing conditions contained in the company purchase agreement have been met and the transaction has therefore been completed. This brings to a successful conclusion the process of finding an investor for the automotive supplier, which currently employs around 900 people worldwide.

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PLUTA attorney Sebastian Laboga appointed provisional administrator for PV provider AMIA Energy

17 May 2024 · Berlin, Germany · Business Area Insolvency Administration

AMIA Energy GmbH filed for insolvency on 8 May 2024. Following this, on the same day, the Local Court of Charlottenburg ordered provisional insolvency administration for the company’s assets and appointed attorney Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA attorney Christoph Chrobok secures future of Düsseldorf-based personnel service provider

13 May 2024 · Düsseldorf, Germany · Business Area Insolvency Administration

Good news in the insolvency proceedings for personnel service provider Hartmann Personaldienste GmbH based in Düsseldorf: Tempton Personaldienstleistungen GmbH will manage the business going forward. Almost all jobs have been saved.

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PLUTA restructuring expert Peter Roeger announces rescue of Bayreuth Tigers – fresh start lies ahead

10 May 2024 · Bayreuth · Business Area Insolvency Administration

Insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has announced that the insolvency plan is now legally binding and the Bayreuth Tigers have therefore been saved. No creditor objected to the insolvency plan for the restructuring of Bayreuth Tigers Eishockey GmbH (now onesto Tigers Bayreuth Eishockey GmbH) in the past 14 days. The Local Court of Bayreuth will terminate the insolvency proceedings in the coming weeks and Bayreuth will continue to enjoy professional ice hockey as the club is now in a position to apply for its Upper League licence.

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PLUTA restructuring expert Daniel Barth ensures the survival of specialist retailer feiermeier

7 May 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Insolvency administrator Mr Daniel Barth from PLUTA Rechtsanwalts GmbH has found an investor for sole proprietorship feiermeier. Effective 7 May 2024, the newly founded company May Party GmbH will acquire the feiermeier stores on Sigmundstrasse in Nuremberg, in Trudering and Moosach in Munich, and in Würzburg. This will also secure 34 jobs. The parties have agreed not to disclose the purchase price.

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PLUTA attorney Patrick Meyerle achieves follow-up solution for transformer specialist TRAMAG

3 May 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Having kept the business operating for four months, insolvency administrator Mr Patrick Meyerle from PLUTA Rechtsanwalts GmbH has concluded the process of finding an investor for TRAMAG Transformatorenfabrik GmbH & Co. KG with an asset deal.

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PLUTA attorney Michael Bohnhoff seeks investor for start-up mittemitte

25 April 2024 · Berlin · Business Area Insolvency Administration

Restructuring expert Mr Michael Bohnhoff is conducting a process aimed at finding an investor for mittemitte GmbH. After the company had to file for insolvency in mid-March, the Local Court of Charlottenburg appointed Mr Michael Bohnhoff from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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PLUTA attorney Peter Roeger achieves approval for Bayreuth Tigers insolvency plan

24 April 2024 · Bayreuth · Business Area Insolvency Administration

The rescue of Bayreuth Tigers Eishockey GmbH is within reach. Today, the creditors’ assembly approved the insolvency plan by a large majority in the proceedings. Restructuring expert Mr Peter Roeger from PLUTA Rechtsanwalts GmbH had drawn up the plan beforehand and submitted it to the Local Court of Bayreuth using his right of submission under the German Insolvency Code (InsO). The insolvency plan presented puts the creditors in a better position compared to the liquidation of the ice hockey club. Any appeal must now be lodged within 14 days.

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Automotive supplier Boryszew begins repositioning two German companies

24 April 2024 · Hannover, Germany · Business Area Restructuring

Boryszew Oberflächentechnik Deutschland GmbH based in Prenzlau is to reposition itself under debtor-in-possession restructuring proceedings. Sister company Boryszew Formenbau Deutschland GmbH located in Doberschau has also filed for the same. The Local Court of Neuruppin assented to both applications today and ordered provisional debtor-in-possession proceedings. Mr Ingo Thurm and Dr Oliver Liersch from PLUTA Rechtsanwalts GmbH will manage the repositioning process as chief restructuring officers (CROs).

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Organic baby food manufacturer Töpfer to restructure itself as a debtor in possession

24 April 2024 · Kempten · Business Area Restructuring

Töpfer GmbH from Dietmannsried, near Kempten, has filed an application for restructuring under debtor-in-possession proceedings. Today, the Local Court of Kempten then ordered provisional proceedings.

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Well-established restaurant Hus op’n Diek remains open for business – PLUTA expert Dr Kaufmann appointed provisional administrator

22 April 2024 · Cuxhaven · Business Area Insolvency Administration

Mr Andreas Vogel, the well-known Cuxhaven restaurateur running seafood restaurant Hus op’n Diek, has filed for insolvency. On 4 April 2024, the Local Court of Cuxhaven ordered provisional insolvency administration for his assets and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Stute to restructure itself as a debtor in possession

19 April 2024 · Paderborn · Business Area Insolvency Administration

The Stute Group based in Paderborn has filed for insolvency for three of its key operating companies to restructure itself as a debtor in possession. The producer businesses concerned, namely Stute Nahrungsmittelwerke, Paderborner Kühlhaus and K-S-K Technische Betriebswerkstätten, have lost considerable sales volumes in recent years due to customers obtaining the relevant products from Eastern Europe. According to the most recently published annual accounts, the Stute holding company achieved sales of approx. 234 million euros in 2021.

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devolo announces fresh start with SOL Capital – proceedings supported by PLUTA attorney Dr Ruth Rigol as insolvency monitor

19 April 2024 · Cologne, Germany · Business Area Insolvency Administration

Aachen-based network solutions specialist devolo has safeguarded its future by successfully concluding the process of finding an investor. With retroactive effect from 1 April 2024, Austrian financial investor SOL Capital has acquired significant parts of the operating business by way of an asset deal. devolo, a renowned industry leader, is widely known and well respected on account of its numerous innovations in the IT market. The purchase agreement was signed on 17 April 2024 and executed immediately thereafter.

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PLUTA restructuring expert Steffen Beck achieves solution for four TTL OP GmbH branches

17 April 2024 · Stuttgart · Business Area Insolvency Administration

Mr Steffen Beck from PLUTA Rechtsanwalts GmbH has announced the conclusion of the process of finding an investor for interior decorator TTL OP. As insolvency administrator for TTL OP GmbH, he has achieved a follow-up solution for four branches in Dillingen, Heilbronn, Schwäbisch Gmünd and Aalen. A newly established transfer company will take over the locations and some 40 employees.

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PLUTA attorney Philip Konen sells significant Traumhaus AG assets

12 April 2024 · Wiesbaden · Business Area Insolvency Administration

Insolvency administrator Mr Philip Konen from PLUTA Rechtsanwalts GmbH has found an initial partial solution for the insolvent Traumhaus AG (ISIN: DE000A2NB7S2). With economic effect from 1 April 2024, SAENTIS Family Office GmbH has acquired a major part of the real estate developer’s assets. The persons responsible signed the corresponding purchase agreement today.

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PLUTA attorney Michael Wahl finds investor for mobility software provider remoso

5 April 2024 · Ulm · Business Area Insolvency Administration

PLUTA restructuring expert Mr Michael Wahl has succeeded in achieving an investor solution for software company remoso. Effective 1 April 2024, ACA GmbH based in Krauchenwies and Reutlingen has acquired remoso’s assets and all 30 employees at its sites in Ravensburg and Ettlingen by way of an asset deal.

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PLUTA attorney Peter Roeger finds investor for Bayreuth Tigers GmbH with onesto

28 March 2024 · Bayreuth · Business Area Insolvency Administration

Insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has announced welcome news in the Bayreuth Tigers GmbH proceedings. Bavarian software company onesto wishes to acquire the ice hockey club and has concluded a corresponding contract with insolvency administrator Mr Peter Roeger for the acquisition of the business. The contract was signed today. The specific implementation will now follow the insolvency plan submitted today to the court by the administrator.

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Roofing company Falter to restructure itself as a debtor in possession

27 March 2024 · Frankfurt · Business Area Restructuring

Falter GmbH, a company based in the federal state of Hesse, has filed for debtor-in-possession restructuring proceedings, which were then ordered by the Local Court of Darmstadt on 13 March 2024. The roofing business intends to use the proceedings to reposition itself for the future.

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PLUTA restructuring expert Georg Jakob Stemshorn keeps Windhager Zentralheizung GmbH operational

19 March 2024 · Augsburg · Business Area Insolvency Administration

Windhager Zentralheizung GmbH has filed for insolvency. Following this, on 15 March 2024, the Local Court of Augsburg, as the insolvency court, ordered provisional insolvency administration for the assets of the company, which specialises in heating solutions, and appointed Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator.

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MARO housing development cooperative to be restructured

15 March 2024 · Munich, Germany · Business Area Insolvency Administration

MARO has initiated a comprehensive restructuring process. To this end, it has filed an application for the opening of debtor-in-possession insolvency proceedings. The Local Court of Munich has approved the application and ordered said proceedings. PLUTA restructuring expert Mr Ivo-Meinert Willrodt will oversee the proceedings as provisional insolvency monitor in the interests of creditors.

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Follow-up solution for vacuum specialist Meßner

12 March 2024 · Munich, Germany · Business Area Restructuring

A follow-up solution has been achieved under the debtor-in-possession proceedings for Meßner GmbH & Co. KG based in the East Westphalia-Lippe region. Newly founded Meßner Produktions GmbH & Co. KG has acquired the business operations and the some 40 employees effective 1 March 2024. The site has also been saved. The restructuring team has therefore found the best possible solution for the long-standing company. The creditors’ assembly unanimously approved the sale in the past week.

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PLUTA attorney Frank Brachwitz finds investor for greeting card specialist wunderkarten.de

11 March 2024 · Berlin · Business Area Insolvency Administration

Mr Frank Brachwitz from PLUTA Rechtsanwalts GmbH has announced positive news in the insolvency proceedings for start-up Wunderkarten GmbH: the business has been sold to an investor by way of an asset deal. The creditors’ assembly has unanimously approved the insolvency administrator’s restructuring proposal. The company has been saved in its entirety and all employees will be kept on by the new owner.

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Maibach Logistik GmbH to undergo debtor-in-possession restructuring with expert support

8 March 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Maibach Logistik GmbH has filed an application for debtor-in-possession proceedings and is currently undergoing restructuring. Despite this action, the business is still operating normally.

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Successful sale: PLUTA attorney Ivo-Meinert Willrodt achieves solution for bakery Backsinfonie

5 March 2024 · Hallbergmoos · Business Area Insolvency Administration

Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has achieved a solution for Backsinfonie GmbH. Effective 1 March 2024, following intensive negotiations, the insolvency administrator for the wholesale bakery sold the business operations to REINERS bread & snack KG based in the Landshut district. The site in Moosinning and all 30 or so jobs have been saved as a result of the solution. The parties involved have agreed to maintain confidentiality about the purchase price.

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PLUTA attorney Daniel Barth achieves follow-up solution for hotel service provider

4 March 2024 · Hallbergmoos · Business Area Insolvency Administration

Insolvency administrator Mr Daniel Barth from PLUTA Rechtsanwalts GmbH has found an investor for sole proprietorship BMC Hotelservice & Dienstleistungen. The newly established BMC Hotelservice & Dienstleistungen GmbH will acquire the business and the some 80 employees by way of an asset deal. The transaction was approved at today’s meeting of the creditors’ assembly.

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HABA FAMILYGROUP exits debtor-in-possession proceedings

1 March 2024 · Munich, Germany · Business Area Restructuring

PLUTA restructuring expert Mr Marcus Katholing supporting management at the long-standing company

HABA Group B.V. & Co. KG and HABA Sales GmbH & Co. KG have exited debtor-in-possession insolvency proceedings as planned at the end of 29 February 2024. As part of the 2030 Future Pact presented in December 2023, HABA FAMILYGROUP will align its HABA and HABA Pro brands specifically to the market and concentrate more on its core strengths in the area of wood going forward. The strategy provides for a focusing of the range under the HABA brand on high-quality toys and games that foster child development, while the intention in respect of HABA Pro is to further expand its market leadership in furniture for nurseries and daycare centres.

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Allgaier site’s future secured for number of years

26 February 2024 · Stuttgart · Business Area Insolvency Administration

Mr Michael Pluta had good news at a staff meeting today regarding the Allgaier Automotive GmbH site in Uhingen. The restructuring expert has held positive discussions with automakers in recent months and will soon conclude an agreement for the next two years that will secure the future of the main site of Allgaier, an automotive supplier, in Uhingen in the ongoing insolvency proceedings.

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PLUTA team achieves solution for packaging and print service providers up packaging and updruck

23 February 2024 · Hanover · Business Area Insolvency Administration

Restructuring experts Mr Ingo Thurm and Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH have announced positive news: follow-up solutions have been achieved in the insolvency proceedings for up packaging GmbH and sister company Unger & Pauselius Ihre Drucker GmbH (‘updruck’). Meinders & Elstermann GmbH & Co. KG based in Belm is set to acquire both companies by way of an asset deal. In addition to the two locations in Hamelin, all 35 jobs will therefore also be saved.

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Real estate project developer INTERBODEN seeks investor

22 February 2024 · Düsseldorf · Business Area Insolvency Administration

The INTERBODEN Group has launched the process of finding an investor. The family-run real estate project developer based in Ratingen has been involved in insolvency proceedings with several companies since early February, a process aimed at achieving the sustainable realignment of the group as a whole.

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PLUTA attorney Dr Kaufmann appointed provisional administrator for care service provider Up Visite

22 February 2024 · Oldenburg, Germany · Business Area Insolvency Administration

Ambulanter Pflegedienst Up Visite GmbH, an outpatient care service provider, filed for insolvency on 16 February 2024. The Local Court of Aurich, as the competent court, then appointed attorney Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator. The care service provider based in Krummhörn remains fully operational.

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KLiNGEL brand Meyermode passes to the Popken Fashion Group

21 February 2024 · Ulm, Germany · Business Area Restructuring

The Meyermode brand has been sold to the Popken Fashion Group with effect from 15 February 2024. Following the MIAMODA and HAPPYsize brands, this is already the third brand sold by K - Mail Order GmbH & Co. KG to this well-known and internationally experienced investor. The creditors’ committee has unanimously approved the transaction.

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Automotive supplier Kurt Erxleben to reposition itself

21 February 2024 · Oldenburg, Germany · Business Area Restructuring

Kurt Erxleben GmbH & Co. KG, a leading supplier of formed parts to the automotive industry, is planning to reposition itself under debtor-in-possession restructuring proceedings. Those responsible submitted the corresponding application to the Local Court of Delmenhorst, which assented to the application and ordered provisional debtor-in-possession proceedings on 19 February 2024.

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PLUTA restructuring expert Daniel Barth appointed provisional administrator for feiermeier

20 February 2024 · Nuremberg · Business Area Insolvency Administration

The sole proprietorship known under the brand name feiermeier has filed for insolvency. On 19 February 2024, the Local Court of Nuremberg appointed attorney Mr Daniel Barth from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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KLiNGEL subsidiary IMPRESSIONEN passes to the Witt Group

19 February 2024 · Ulm, Germany · Business Area Restructuring

The KLiNGEL Group has sold the IMPRESSIONEN brand to the Witt Group, which just recently acquired the Wenz brand. The creditors’ committee has already unanimously approved the sale. Antitrust clearance is still pending.

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PLUTA attorney Florian Martin Schiller to keep Vitaminmarkt Staufenhof OHG operational

19 February 2024 · Singen · Business Area Insolvency Administration

Vitaminmarkt Staufenhof OHG, based in Hilzingen in the federal state of Baden-Württemberg, has filed for insolvency. Following this, on 13 February 2024, the Local Court of Constance ordered provisional insolvency proceedings and appointed Mr Florian Martin Schiller from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA partner Steffen Beck appointed provisional administrator for interior decorator TTL

16 February 2024 · Stuttgart · Business Area Insolvency Administration

TTL OP GmbH has filed for insolvency. Yesterday, the Local Court of Aalen then ordered provisional insolvency administration for the assets of the interior decorator with its 27 branches in southern Germany and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Tenth KLiNGEL brand sale completed: Wenz to be acquired by the Witt Group

8 February 2024 · Ulm, Germany · Business Area Restructuring

The KLiNGEL Group has successfully completed its tenth brand sale and thus clinched a special transaction. The renowned Witt Group, an Otto Group company, will acquire the well-known Wenz brand and the domain, probably with effect from the beginning of March. The creditors’ committee has unanimously approved the transaction. Approval of the transaction by the antitrust authorities is still pending. The parties have agreed not to disclose the purchase price.

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PLUTA attorney Christian Heim sells Dankwardt site in Jessenitz

5 February 2024 · Hamburg · Business Area Insolvency Administration

Mr Christian Heim from PLUTA Rechtsanwalts GmbH managed to sell the property and parts of the machinery at the Dankwardt site in Jessenitz last week. The parties have agreed not to disclose the purchase price.

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PLUTA restructuring expert Stefan Meyer appointed provisional administrator for SD Automotive

2 February 2024 · Osnabrück · Business Area Insolvency Administration

Management of well-known automotive supplier SD Automotive Solutions GmbH, based in Georgsmarienhütte, filed for insolvency with the Local Court of Osnabrück on 31 January 2024. The reasons for this included high losses in sales that can be attributed to decisions taken by customers (car manufacturers/OEMs) involving the termination of series production contracts, a reduction in release orders and the postponement of new projects. This sales shortfall of several million euros inevitably resulted in liquidity problems that could not be compensated for in the short term outside of insolvency proceedings.

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KLiNGEL sells its well-known health brand WELLSANA to the GÖDE Group

1 February 2024 · Ulm, Germany · Business Area Restructuring

The KLiNGEL Gruppe has announced its next brand sale. A company that is part of the renowned GÖDE Group will acquire health brand WELLSANA, including its domain and warehouse, effective 1 February 2024. The creditors’ committee has unanimously approved the transaction.

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Bayreuth Tigers to continue to fulfil its fixtures

31 January 2024 · Bayreuth · Business Area Insolvency Administration

Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has announced positive news in the insolvency proceedings for Bayreuth Tigers Eishockey GmbH: the men’s ice hockey team’s home game on 4 February can go ahead as planned at the artificial ice stadium in Bayreuth. The next away game on 2 February will also take place. At this time, the team is also very likely to fulfil all remaining fixtures in the regular season. The last game is scheduled for 25 February. Under the terms of the statutes of the German Ice Hockey Federation (DEB), the team will, however, not be able to take part in the play-offs.

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PLUTA attorneys Dr Rigol and Dr Werner support GFO with acquisition of Hilden hospital

30 January 2024 · Cologne · Business Area Legal Consulting

St. Josefs Krankenhaus, a hospital in Hilden, has succeeded in beginning the year with a fresh start. Having been involved in debtor-in-possession insolvency proceedings, it has now been acquired by Gemeinnützige Gesellschaft der Franziskanerinnen zu Olpe mbH (GFO). Insolvency expert Dr Ruth Rigol and M&A specialist Dr Norman Werner from PLUTA Rechtsanwalts GmbH advised GFO management on the transaction and are supporting the hospital’s integration into the GFO network at this time.

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Gehri bakery insolvency to be continued as regular proceedings

29 January 2024 · Singen · Business Area Insolvency Administration

The Local Court of Freiburg today ordered regular insolvency proceedings for the assets of Gehri Hochschwarzwälder Bauernbrotbäckerei GmbH & Co. KG and appointed Mr Florian Schiller from PLUTA Rechtsanwalts GmbH as insolvency administrator. Accordingly, the proceedings conducted under debtor-in-possession management to date will be continued as regular insolvency proceedings. Mr Schiller had previously acted as insolvency monitor for the bakery.

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PLUTA attorney Peter Roeger appointed provisional administrator for Bayreuth Tigers Eishockey GmbH

26 January 2024 · Bayreuth · Business Area Insolvency Administration

Bayreuth Tigers Eishockey GmbH has filed for insolvency. By its decision taken on 26 January 2024, the Local Court of Bayreuth ordered provisional insolvency proceedings and appointed Mr Peter Roeger from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA expert Frank Schorisch appointed provisional administrator for Familie Gärtner retirement home

25 January 2024 · Bielefeld · Business Area Insolvency Administration

Seniorenheim Familie Gärtner GmbH has filed for insolvency. On 19 January 2024, the Local Court of Bielefeld ordered provisional administration for the care provider’s assets and appointed Mr Frank Schorisch from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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Investor sought for TRAMAG

24 January 2024 · Nuremberg, Germany · Business Area Insolvency Administration

Mr Patrick Meyerle from PLUTA Rechtsanwalts GmbH has launched the process of finding an investor for TRAMAG Transformatorenfabrik GmbH & Co. KG. By its decision taken on 3 January 2024, the Local Court of Fürth ordered provisional insolvency proceedings for the company’s assets and appointed the attorney as provisional administrator.

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PLUTA M&A team advises selling party on sale of shares in Porzner Steine & Erden GmbH

17 January 2024 · Munich · Business Area Legal Consulting

M&A experts at PLUTA have advised Mr Johannes Porzner, a shareholder in Porzner Steine & Erden GmbH based in Zapfendorf, on the sale of his 50% stake. The shares have been acquired by Lenz, Ziegler, Reifenscheid GmbH & Co. KG in Kitzingen.

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GOLDNER buys Alba Moda brand from the KLiNGEL Group

17 January 2024 · Ulm, Germany · Business Area Restructuring

The KLiNGEL Group has concluded the sale of another well-known fashion brand. Alba Moda GmbH, a wholly owned subsidiary of the group, has sold its Alba Moda brand as well as customer addresses and inventories to the GOLDNER Fashion Group. The transaction will take effect on 1 February 2024.

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KLiNGEL sells long-standing jewellery brand DiEMER to the GÖDE Group

15 January 2024 · Ulm, Germany · Business Area Restructuring

The new year has begun with the next brand sale under the KLiNGEL Group’s debtor-in-possession proceedings. A company that is part of the renowned GÖDE Group is set to acquire DiEMER, a long-standing jewellery brand. Effective 1 February 2024, K - Mail Order GmbH & Co. KG will sell the brand as well as the domains, customer addresses and warehouse to the international group. The creditors’ committee has unanimously approved the transaction.

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Weller to continue operating – Michael Pluta appointed provisional insolvency administrator

9 January 2024 · Stuttgart · Business Area Insolvency Administration

Apparate- und Behälterbau Weller GmbH made an application to the Local Court of Heilbronn for the opening of insolvency proceedings for its assets. By its decision taken on 29 December 2023, the court ordered provisional insolvency administration and appointed restructuring expert Mr Michael Pluta from PLUTA Rechtsanwalts GmbH as provisional administrator. Despite having filed for insolvency, the mechanical engineering firm based in Bühlertann remains fully operational.

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Signa Sports United Group: Future solution agreed for Tennis-Point

8 January 2024 · Business Area Insolvency Administration

A future solution has been found for the tennis equipment supplier Tennis-Point, which is part of the Signa Sports United Group (SSU): a consortium of investors led by the financial investor Orlando Capital V and including company founder and current Managing Director Christian Miele will acquire and continue the business of the internationally active e-commerce company. The investors concluded a corresponding agreement with the insolvency administrator of Tennis-Point GmbH, lawyer Dr Christian Gerloff, for the acquisition of the company's assets.
The consortium has also entered into negotiations with the insolvency administrator of Signa Sports United GmbH, lawyer Stefan Meyer, on the acquisition of the interests in the sales companies in France and the USA (share deal) and reached a verbal agreement. The results are currently being finalised in writing and are expected to be formally finalised today.

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No investor for fashion retailer Rübsamen

8 January 2024 · Augsburg · Business Area Insolvency Administration

It has not been possible to find an investor for the Rübsamen Group. Unfortunately, the fashion retailer is unable to continue operating on a lasting and profitable basis without such. The decision has therefore been taken to close Textilhaus Rübsamen GmbH & Co. KG and the group’s other two companies. The main store in Augsburg will remain open until the end of April 2024.

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Publisher Harenberg examines possible options for buchreport

2 January 2024 · Cologne · Business Area Insolvency Administration

The Local Court of Cologne opened insolvency proceedings for the assets of Harenberg GmbH on 1 January 2024. Attorney Mr Stefan Conrads from PLUTA Rechtsanwalts GmbH was appointed insolvency administrator, having previously acted as provisional administrator. The company, which has been publishing the well-known buchreport magazine for more than 50 years, filed for insolvency due to liquidity problems.

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