Press Releases

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.