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Success makes for good stories

Success can be proven. Here are some examples of the more than 1,500 insolvency cases that our firm has handled. Are you looking for examples from specific industries? With specific requirements? Then get in touch with us directly. We're happy to give you more specific information.

 

  Heitkamp Group

  • Construction conglomerate with 14 companies
  • 900 employees at the time of insolvency
  • Six insolvent holding companies
  • €275 million total turnover in 2010 financial year
  • Sale of the seven operational subsidiary companies in five months
  • No jobs lost in the subsidiary companies

  MAXDATA AG (Belinea)

  • International group with 14 companies (12 of which insolvent)
  • Listed IT manufacturer with in-house production and approx 900 employees.
  • Trading continued over three months
  • Turnover approx €60 million in this period
  • Sold to Quanmax Inc., Brunen IT Group and HHR Logistics
    Approx 180 jobs saved and transfer company set up for approx 300 employees
  • Insolvency dividend for creditors between 0-50% due to structure of the group's individual companies

  Wiemer & Trachte

  • Construction company with approx 1,100 employees and 116 active construction sites
  • Individual construction sites continued for more than 20 months, e.g. in Yemen
  • Available assets estimated at approx €90 million
  • Parts of company sold to Alpine Bau Deutschland GmbH and Zech Bau AG
  • Transfer company set up
  • Approx 250 jobs saved
  • Insolvency dividend for creditors approx 15%

 

  Jung, Boucke GmbH & Co.

  • Automotive supplier with approx 240 employees
  • Company trading continued over 8 months
  • Turnover approx €16 million in this period
  • Renegotiated collective agreement as well as transfer company
  • Planned insolvency proceedings successfully carried out
  • Approx 90% of jobs saved
  • Insolvency dividend for creditors 20%
  • Insolvency dividend for secured creditors 100%

  Manss fruit retailer group

  • Grocery company with 730 employees
  • Company trading continued over 2 months
  • Turnover approx €30 million in this period
  • Sold to German investor
  • All jobs saved
  • Insolvency dividend for creditors not yet clear due to differentiation between group companies and outstanding claims

   Hänsel textile group

  • Produced textiles for the automotive industry and lining for the clothing industry
  • Group of 15 companies, 12 foreign subsidiary companies worldwide; two parent companies were insolvent
  • Approx €46 million total turnover in 2008
  • Company trading continued over 12 months
  • Turnover approx €30 million in this period
  • Planned insolvency proceedings successfully carried out
  • Approx 75% of jobs saved
  • Insolvency dividend for creditors 9%
  • Insolvency dividend for secured creditors 95%

 

  C. D. PEDDINGHAUS

  • 1st tier automotive supplier with approx 1,500 employees
  • Trading continued over more than 16 months
  • Turnover more than €140 million in this period
  • Sold to Barat Forghe while saving approx 70% of jobs
  • Estimated insolvency dividend for creditors 45%

  Plettac Group (listed)

  • International group with 25 companies (6 of which insolvent, incl. the holding)
  • Listed conglomerate (construction and electronics) with approx 4,000 employees altogether
  • Individual company trading continued over at least 12 months
  • Approx. €45 million turnover in this period plus investment revenues at approx €55 million
  • Sold to various investors while saving approx 50% of jobs
  • Insolvency dividend for creditors between 5-10% due to structure of the group's individual companies

  Kroymans car dealership group

  • Car dealership with 18 active locations and approx 930 employees across 25 companies with 13 brand
  • Trading continued over more than 5 months
  • Turnover more than €120 million in this period
  • Sold to six different investors while saving ten locations and more than 300 employees, despite the 2009 economic crisis

 

  Röttger Group car dealership

  • Car dealer with six locations and approx 270 employees
  • Trading continued over more than 7 months
  • Turnover more than €23 million in this period
  • Sold to three different investors while saving approx 75% of jobs
  • Estimated insolvency dividend for creditors 30%

  CFS Falkenroth Umformtechnik GmbH  CFS Falkenroth Fördertechnik GmbH

  • Automotive supplier with approx 280 employees
  • Company trading continued over 10 months
  • Turnover approx €30 million in this period incl. both companies
  • Both companies sold to an American and a German investor
  • Approx 75% of jobs saved
  • Insolvency dividend for creditors approx 25-30%

  EVC Rheinland GmbH

  • Estate agents for commercial and investment properties
  • 4 employees across 8 locations
  • Total turnover approx €10 million
  • Restructuring through insolvency plan proceedings in just 5 months, from commissioning Andres and team through to plan taking effect officially
  • Submission of a ‘pre-packaged’ insolvency plan
  • Plan approval rating more than 95%
  • Insolvency dividend for secured creditors 15%
  • Bank satisfaction 100%

 

  Accente Einrichtungs GmbH

  • Furniture manufacturer with approx 70 employees and turnover of approx €4 million
  • Restructuring through insolvency plan proceedings in 5 months, from commissioning Andres and team through to plan taking effect officially
  • Submission of a ‘pre-packaged’ insolvency plan
  • Restructuring through self-administration and adjusting employee, company and contract structure
  • Plan approval rating more than 95%
  • Insolvency dividend 10% for unsecured creditors, bank satisfaction 100%

  Wilhelm Kirchhoff GmbH

  • Sanitary product supplier for the four big hardware chains with 146 employees
  • Approx €45 million total turnover in 2010
  • Company trading continued over 2 months
  • Restructuring with partial transfer to new company while saving all jobs
  • Insolvency dividend for creditors 70%
  • Insolvency dividend for secured creditors 100%
 

A.I.S. GmbH

  • Company producing steel and containers at a national
    level with main office in Willich
  • Support in self-administration process and creation of
    restructuring concept in coordination with management
  • Presentation of restructuring
    plan six months after applying
    for insolvency
  • Seeking cancellation of
    insolvency proceedings
    by end of 2014

 

 Privatbrauerei Iserlohn GmbH

  • Traditional private brewery with a total of 95 employees
  • Supported continued trading as provisional trustee during self-managed insolvency administration
  • Core business assets sold to a Chinese investor after transition to regular insolvency proceedings

  TELBA AG

  • ICT solution and security technology provider based in Düsseldorf
  • Group with 4 subsidiaries and 600 employees altogether
  • Support during self-administration process and creation of restructuring concept in coordination with board
  • Restructuring through insolvency plan in less than six months after applying for insolvency
 

DHC Rheinland GmbH

  • Premier league handball team with outsourced game operations company
  • Game operations maintained over four months through to season end
  • Debt relief through insolvency plan in a time frame of just 5 months after applying for insolvency
  • Met the arbitration court's requirement for keeping licence for the German Handball League second division

 

 

 

Riposana
Schaumstoffverarbeitung
GmbH

  • Middle-tier mattress and bed manufacturer in Bad Salzuflen with 69 employees
  • Supported continued operations during self-administration process and creation of restructuring concept in coordination with management
  • Company sold after transition to regular insolvency to a transfer company set up by the former management
  • All jobs saved