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

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 · Amberg/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 · Fürth, 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 · 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 · Aachen · 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/Ohlstadt · 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 · Kalletal · 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/Feucht · 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 · Bad Rodach · 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 · Aurich · 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 · Pforzheim · 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 · Wildeshausen · 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 · Pforzheim · 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 · Pforzheim · 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 · Pforzheim · 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 · Fürth · 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 · Pforzheim · 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 · Pforzheim · 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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