Anchor Rechtsanwälte

Business operations continue without restrictions  Restructuring efforts have already been initiated  Application for provisional insolvency filed  Duisburg, December 23, 2024. The well-known and world's largest pet shop Zoo Zajac from Duisburg has fallen into an economic crisis and is therefore starting an extensive restructuring process. In order to be able to implement the planned measures, an application was filed with the Duisburg Local Court for the opening of preliminary insolvency proceedings. The Duisburg Local Court has granted the application and appointed attorney Sarah Wolf from Anchor Rechtsanwälte as provisional insolvency administrator.  Business operations continue without restrictions  According to the Guinness Book of World Records, the pet shop Zoo Zajac is considered the largest pet shop in the world. The approximately 13,000 m² shop area includes over 1,000 aquariums as well as dozens of pond tanks and aviaries as well as several hundred terrariums. Around 3,000 species with a total of 200,000 animals are housed in the large store. By comparison, the Berlin Zoo has 19,500 animals and 1,000 species. At its peak, Zoo Zajac's turnover was around EUR 15 million.   The operation of the company with the large business in the north of Duisburg in the Neumühl district continues without any restrictions. The salaries of the approximately 150 employees are secured by the insolvency benefit of the Federal Employment Agency. "We informed the employees immediately after the insolvency application. The team wants to support the joint course of restructuring so that Zoo Zajac can look forward to a long-term secure future," explains Anchor attorney and provisional insolvency administrator Sarah Wolf on the current situation. Talks have also already been held with the most important suppliers so that goods can continue to be offered for sale.  The team of Anchor attorney Sarah Wolf will analyse the situation in detail in the coming weeks and concretise the restructuring concept that is already in place. "The conditions for a successful restructuring are good and we can continue the sale without restrictions. The team is also still motivated and pulls along," Sarah Wolf continues. The professional care of all animals is ensured by the unchanged business operations - even over the holidays and the turn of the year.  Inflation and reluctance to buy  The main cause of the crisis at Zoo Zajac is the sharp rise in prices for the purchase of goods and transport. The rising energy costs are also causing problems for the company. The specific trigger for the insolvency application was then several failed loan negotiations for further interim financing. In the past two years after the unexpected death of the company's founder Norbert Zajac, new business ideas have already been developed, but they have not led to the desired success.  Another setback for Zoo Zajac was a change in the regulations for keeping pets. Due to these changed regulations, certain animals from the company's stock were no longer for sale.  After stabilizing Zoo Zajac's business operations in a first step, the search for a possible investor for the company will begin in the coming days. To this end, the procedure is already being discussed with various M&A advisors and industry experts. "We will quickly set up a structured investor process so as not to lose any time," announces the provisional insolvency administrator Sarah Wolf. 

Business operations in the ten retail stores continue without restriction  Higher capacity utilisation expected at the slaughterhouse   Insolvency proceedings opened on 1 January 2025   Nördlingen/Augsburg, January 8, 2025. The restructuring of the regional chain of butcher's shops of Metzgerei Schmid GmbH continues to make good progress. Customer demand for regional and controlled production products continues unabated. The ten branches in the region are still open. The locations of the Schmid butcher's shop include the Augsburg city market and other sales outlets in Augsburg, Friedberg, Meitingen and Wertingen.   Family business in the fourth generation  The company stands for " Genuine Zusamtal sausage and meat specialties” and obtains its meat from farmers in the region. Special emphasis is placed on species-appropriate animal keeping and regional feed. Close cooperation with regional suppliers, short transport routes and in-house slaughtering and processing ensure consistently high product quality. The Schmid butcher's shop was founded in 1934 and is now run by the fourth generation – the managing director is Werner Schmid senior.  In-house slaughtering with high capacity utilization  The in-house slaughterhouse continues to be well utilized. Due to the announced cessation of pig slaughtering at the Augsburg slaughterhouse, further orders are to be expected. "In the future, we will be the only company in the district that will be able to slaughter pigs on a large scale on its own farm. This undoubtedly improves our market position and ensures even higher capacity utilization," explains Managing Director Werner Schmid Sr. about the current situation. Among other things, there was an inquiry from the North Swabian Farmers' Association, which represents a large number of farms in the region. The Schmid butcher's shop has been carrying out its own slaughtering since 1970 and works exclusively with farmers from the region. Another piece of good news for the company is the fact that numerous orders have already been placed for catering at various folk festivals and large regional events.  Insolvency proceedings opened   In the course of further progress of the proceedings, insolvency proceedings were opened on 1 January 2025. The Nördlingen district court appointed lawyer Dr. Alexander Zarzitzky from Anchor Rechtsanwälte as insolvency administrator. The unchanged safeguarding of business operations in production and in the branches is the top priority for Metzgerei Schmid GmbH. In cooperation with suppliers and business partners, successful measures were taken to keep processes stable.   Reluctance to buy as the cause of the crisis  The company's challenges stem from several factors, including reduced consumer propensity, rising energy costs, and higher wage expenses. These additional burdens could only be passed on to customers to a limited extent, with purchase prices even doubling in some cases. For this reason, Metzgerei Schmid GmbH filed for insolvency proceedings on November 6, 2025.    

Bruchsal, Germany—20 March 2025: Diamond Aircraft Group Austria, based in Wiener Neustadt, Austria, has integrated Volocopter with the company headquarters remaining in Bruchsal, Germany.  Diamond Aircraft Group Austria is a subsidiary of Wanfeng Aircraft Division of Wanfeng Auto Holding Group Co., Ltd., and is an internationally renowned general aircraft manufacturer with over four decades of expertise operating internationally. The company’s reorganization of Volocopter will broadens its aircraft and business portfolio into the field of electric urban air transportation, while enabling Volocopter to reduce costs, retain a highly motivated and skilled workforce, and focus on achieving its certification milestones by 2025. The VoloCity, along with its next-generation variants, will continue to evolve successfully over the long term, contributing significantly to the sustainable growth of the aviation industry.  Bin Chen, Chairman of Daimond Aircraft Group states: “The future of aviation is shaped by visionaries. Diamond's stellar portfolio, its manufacturing expertise, and the addition of Volocopter create a formidable lineup of general aviation flying vehicles” Together, we are creating the foundation to advance sustainable air mobility and strengthen Europe as an innovation hub in aviation”  Tobias Wahl, insolvency administrator and partner at Anchor Rechtsanwaltsgesellschaft mbH, added, “Volocopter's expertise and highly motivated team have consistently set benchmarks in the eVTOL industry. With Diamond Aircraft, we have found a strong strategic partner who will build on this foundation. My special thanks go to the employees for their spirit and commitment. I am grateful that the team can carry on with their impactful work in the European economy.” 

Lilium Aerospace GmbH has filed for preliminary insolvency proceedings  Attorney Dr. Robert Hänel from Anchor Rechtsanwälte appointed as Provisional Insolvency Administrator  Business operations suspended for the time being after lack of investor funds  Gauting/Weilheim, February 26, 2025. Lilium Aerospace GmbH has filed for insolvency at the Weilheim Local Court. Today, the court ordered provisional insolvency administration and appointed attorney Dr. Robert Hänel from Anchor Rechtsanwälte as provisional insolvency administrator. Dr. Hänel and his team have already held several discussions with the management and other parties involved in the proceedings to get an initial overview of the situation. Lilium Aerospace GmbH was founded as a successor company of Lilium GmbH and Lilium eAircraft GmbH in order to complete the development of the battery-powered Lilium air taxi with the help of investor money after the insolvency of these two companies. As these funds have not been forthcoming despite several promises, Lilium Aerospace GmbH has now also had to file for insolvency.  Business operations suspended for the time being  According to the company, around 960 employees who have received new employment contracts in the successor company Lilium Aerospace GmbH are also affected by the new insolvency. Due to the lack of investor funds, the new company has not yet been able to pay any salaries. The management therefore recently released the employees from work. Business operations are currently suspended. The provisional insolvency administrator Dr. Robert Hänel is currently in contact with the Employment Agency regarding the further course of action. "It is still too early to make a binding statement at this time," explains Dr. Robert Hänel.  Short-term investor talks targeted  "The initial situation with this second insolvency is complicated. According to the management, investors are still interested in a continuation solution," Dr. Hänel continues. The promised funds are allegedly available, but the transfer has not yet been able to take place due to technical problems. In any case, the utmost urgency is required if operations are to be resumed. 

Application for provisional insolvency proceedings filed  Attorney Sarah Wolf from Anchor Rechtsanwälte appointed as provisional insolvency administrator  Business operations continue without restrictions  Wesel/Duisburg, January 31, 2025. The Lackermann car dealership from Wesel has fallen into an economic crisis and needs to be renovated. For this reason, the company has filed an application for provisional insolvency proceedings at the Duisburg Local Court. The court granted this application and appointed attorney Sarah Wolf from Anchor Rechtsanwälte as provisional insolvency administrator. Together with her team, she gained an overview of the situation immediately after the appointment and has already held discussions with the employees, the management as well as important parties involved in the proceedings and business partners. Operations will continue without restrictions at the three locations in Wesel, Bocholt and Brünen.  Founded in the 1930s  The Lackermann car dealership operates a car dealership with the brands Ford, Hyundai, Corvette, Saab, Cadillac and Chevrolet. In addition, a comprehensive workshop service is offered to customers at all three locations. In total, the Lackermann car dealership employs around 100 people – 18 of whom are trainees. The family business has its roots in a car repair shop in Wesel, which was founded by Hermann Lackermann in the 1930s. Immediately after the war, he also began selling new DKW cars. In 1962 he became an authorized dealer for Opel. In 1980, the founder handed over the business to his three sons Hermann, Manfred and Wolfgang Lackermann. The company is now run by the third generation of Maik, Andre, Sven and Jörg Lackermann.  Consumer reluctance to buy   The cause of the crisis is a strong reluctance on the part of consumers to buy. This was triggered by the current uncertain economic situation in Germany, so purchase decisions for a new car were postponed for the time being. Another trigger for the decline in sales was the termination of the contract by Opel in 2023 and the elimination of the bonus for the sale of electric vehicles. New car sales account for around 45% of sales. Despite the cost-cutting measures introduced, the Lackermann car dealership recorded a significant loss in 2024. The trigger for the insolvency application was finally a failed negotiation about another corporate loan.  The search for investors has already begun  The salaries of the employees are secured by the insolvency payment of the Employment Agency until March. Negotiations are ongoing with the business partners to ensure the continuation of business operations and to jointly seek restructuring solutions. "We held many discussions immediately after the appointment by the court and were thus able to ensure that all three locations can continue to offer their services without restrictions. In the coming weeks, it will be a matter of working out further restructuring measures and initiating the search for a buyer. In the context of the current difficult situation in the German automotive industry, this is not an easy task, but I am optimistic," explains the provisional insolvency administrator Sarah Wolf from Anchor Rechtsanwälte. Customers should direct questions about warranties and down payments directly to the respective company where the vehicles were purchased. Here, the inquiries are collected and then answered promptly after an appropriate clarification of the individual case.  

Lawyer Tobias Wahl appointed as provisional insolvency administrator  Business operations at Konradin-Druck continue without restrictions    Crisis also due to decline in orders from the supplier sector of the automotive industry  Leinfelden-Echterdingen/Mannheim, 06.03.2025. Konradin-Druck Company with limited liability from Leinfelden-Echterdingen has fallen into a serious economic crisis. For this reason, the company has filed for insolvency at the Esslingen Local Court. The Esslingen Local Court agreed to this application and appointed attorney Tobias Wahl from the law firm Anchor Rechtsanwälte as provisional insolvency administrator on 26.02.2025.  One of the most efficient web offset printers  Konradin-Druck Company with limited liability (Konradin Druck) operates a large printing plant in Leinfelden-Echterdingen (www.konradin-druck.de). It produces print products using web and sheet-fed printing processes. The company is one of the most efficient web offset printing plants in Germany. With an innovative prepress and in-house finishing, the company offers its customers short throughput times and optimized processes. The company most recently generated annual sales of around EUR 25 million and currently employs around 110 people.  Business operations continue without restrictions    Together with the management and his team, the provisional insolvency administrator Tobias Wahl and attorney Gregorio Calocero have succeeded in stabilizing business operations. This required intensive discussions with customers and suppliers, but these were successful. The continuation of business operations creates a decisive basis for a successful restructuring. "We would like to thank our customers and suppliers who continue to place their trust in us in this difficult phase and continue to work with us," says Konradin Managing Director Gerd Lutzeier.  Affected by the crisis in the automotive supply industry  The reasons for the economic difficulties are, among other things, the industry-wide crisis in the printing industry, which has been going on for some time. In the case of Konradin Druck, the insolvency of a large regular customer was another aggravating factor. In addition, the company is disproportionately affected by the crisis in automotive suppliers and the resulting decline in sales. Many of Konradin Druck's customers come from the automotive industry. "We are trying to find a restructuring solution for Konradin-Druck. One of the possible scenarios is the entry of an investor in order to be able to ensure a permanent continuation in this way," explains the provisional insolvency administrator Tobias Wahl from Anchor Rechtsanwälte.  Team Anchor Rechtsanwälte  Tobias Wahl (provisional insolvency administrator), partner, attorney  Vincenz von Braun, Partner, Attorney   Gregorio Calocero, Counsel, Attorney   Nadine Sigg-Mayer LL.M., Business Lawyer 

Attorney Tobias Wahl from Anchor Rechtsanwälte appointed as provisional insolvency administrator  Conen Group is one of the leading manufacturers of furniture for educational institutions and offices  Wittlich/Mannheim, February 27, 2025. The Conen Group has fallen into a serious crisis. For this reason, the five companies belonging to the group Conen Holding GmbH, Conen Produkte GmbH, Conen Real Estate GmbH, Conen Systems GmbH and Möbelwerke Niesky GmbH filed for insolvency at the Wittlich Local Court on February 25, 2025. The court granted the application and appointed attorney Tobias Wahl from Anchor Rechtsanwälte as provisional insolvency administrator. Shortly after the insolvency application was filed, the provisional insolvency administrator Tobias Wahl, together with lawyer Remo Kruse and his team on site, gained an overview of the situation and also held talks with the management and key business partners. The employees were informed about the current situation and the following steps in the insolvency proceedings.  Leading furniture manufacturer for educational institutions   The companies of the Conen Group are among the leading manufacturers of furniture for educational institutions and offices of all kinds. Three business divisions are united under the umbrella of Conen Holding GmbH: Möbelwerk Niesky in the field of kindergarten furniture and equipment, Conen Systems for furniture and interactive systems, especially for the IT sector and worldwide for educational institutions, and Conen products for the corporate and conference sector. Conen offers innovative furnishing concepts for contemporary and holistic furnishing of daycare centres, educational institutions as well as office and conference rooms. The group of companies was founded in 1960 and has three locations in Morbach-Gonzerath (LK Bernkastel-Wittlich), Niesky (near Dresden), Borchen (near Paderborn). Around 225 employees recently generated sales of around EUR 64 million. In 2019, the investment company Halder acquired the full shares of the owner family in the Conen Group as part of a management buy-out.  Restructuring already started   The group of companies has had to contend with declining sales in recent years. The main reasons for this were the slump in business with major US customers, the hesitant implementation or continuation of funding programmes as part of the "Digital Pact 2.0" and considerable competitive pressure from Chinese competitors. In addition, there was a large interest and debt burden from the takeover in 2019. Restructuring measures were already started at the end of 2024, which will now be continued in the insolvency proceedings.  Furthermore, a new investor was to take over significant shares in the company. Negotiations were very advanced after the turn of the year. In mid-February, however, a lender unexpectedly withdrew its commitment. This made it unavoidable for the Conen Group to file for insolvency.   New investor solution sought  The provisional insolvency administrator Tobias Wahl from Anchor Rechtsanwälte is seeking a new investor solution for the Conen Group. The first discussions on this will be held in the coming days. There are also plans to initiate a structured investor process. The salaries of the approximately 225 employees are secured by the insolvency payments of the Employment Agency.  Team of Anchor Rechtsanwälte  Attorney Tobias Wahl  Attorney Remo Kruse   

Silvio Höfer from Anchor Rechtsanwälte appointed as provisional insolvency administrator   Business operations continue without restrictions  Crisis of the automotive industry as the cause of insolvency  Stendal/Hanover, 05.03.2025. Boryszew Kunststofftechnik Deutschland GmbH has been struggling with the effects of the crisis in the automotive industry for a long time and has run into economic difficulties. For this reason, the company from Gardelegen had to file for insolvency. The Local Court of the Hanseatic City of Stendal granted the application and appointed lawyer Silvio Höfer from Anchor Rechtsanwälte as provisional insolvency administrator. Together with his team, Silvio Höfer held talks with important business partners of the company immediately after the application was filed. The employees and the works councils were also informed about the current situation and the steps to be taken. As a result of these discussions, it was possible to ensure that production at both sites will continue unchanged. The salaries of the 495 employees are secured by the insolvency payments of the Employment Agency.  495 employees at two locations   Boryszew Kunststofftechnik Deutschland GmbH manufactures plastic and zinc die-cast components for the automotive industry. These produced parts are installed in car interiors, among other things. Customers are German automobile manufacturers (OEMs) and large suppliers (Tier 1, Tier 2). The main customer is the Volkswagen Group, either directly or through various brands. Boryszew Kunststofftechnik Deutschland has two locations. A total of 495 employees are employed there, 384 of them in Gardelegen (Saxony-Anhalt, 50 km east of Wolfsburg) and 111 in Idar-Oberstein (Rhineland-Palatinate).  Crisis of the automotive industry as the cause of insolvency  Over the past three years, the company's turnover has fallen from just under EUR 69 million to around EUR 53 million and losses have been continuously recorded in the past. One of the reasons for filing for insolvency is the general crisis in the automotive industry. In the past, jobs have already been cut and material costs reduced. Despite these measures, it was not possible to stabilize the current situation in the long term.  Silvio Höfer: "We have a lot of work ahead of us"  The provisional insolvency administrator Silvio Höfer has also quickly sought contact with the most important customers to date. In addition, further restructuring measures are to be developed. "We have a lot of work ahead of us. The current difficult situation in the automotive industry is having a massive impact on suppliers. We will work together with management, the works councils and the creditors' committee to find a viable solution for the future,” explains the provisional insolvency administrator Silvio Höfer from Anchor Rechtsanwälte.   Team Anchor Attorneys at Law  Lawyer Silvio Höfer (provisional insolvency administrator)  Lawyer Remo Kruse 

Attorney Tobias Wahl appointed as provisional insolvency administrator Real estate projects are to be completed in coordination with stakeholders Weilheim an der Teck, June 4, 2024. Fiwoim GmbH & Co. KG from Weilheim an der Teck filed for insolvency at the Esslingen District Court on May 27, 2024. The court then ordered provisional insolvency administration over the company's assets on May 28, 2024 and appointed attorney Tobias Wahl from Anchor Rechtsanwaltsgesellschaft mbH as provisional insolvency administrator. The business operations of Fiwoim GmbH & Co. KG will continue in close coordination between the management and the provisional insolvency administrator. The aim is to complete the ongoing projects in coordination with the stakeholders involved (including financiers/contractors) despite the provisional insolvency proceedings ordered. Economic developments as the cause of the crisis Fiwoim GmbH & Co. KG operates in upscale and predominantly commercial residential construction in Baden-Württemberg. After the real estate market ramped up until the beginning of 2022, the market is currently declining. The main driver of the crisis is the short-term decline in demand in commercial residential construction, due to lower rental yields and a related increase in the attractiveness of lower-risk asset classes (e.g. government bonds). Accompanying challenges include the inflation-related increase in construction costs, the still prevailing shortage of raw materials for preliminary products and the increased financing costs. The predefined crisis drivers and challenges led to the economic difficulties of Fiwoim GmbH & Co. KG.  

Application for insolvency under self-administration filed Markus Fauser and Tobias Wahl become general representatives Marc-Philippe Hornung appointed as provisional administrator St. Georgen / Stuttgart, September 18, 2024. An investor is being sought for the automotive supplier J.G. Weisser Söhne GmbH & Co. KG. The company from St. Georgen in the Black Forest has filed for insolvency under self-administration with the Villingen-Schwenningen district court. In order to accompany the restructuring process of J.G. Weisser Söhne, Markus Fauser and Tobias Wahl from Anchor Rechtsanwälte are taking on the role of general representatives in the company. The court granted the application and appointed lawyer Marc-Philippe Hornung from SZA Schilling Zutt & Anschütz Rechtsanwaltsgesellschaft as provisional administrator. Business operations continue Markus Fauser and Tobias Wahl, together with their colleague David Blum, have already gained an overview of the situation on site. They have also held a staff meeting with the management and the provisional administrator to inform all employees about the situation and answer initial questions about the process. After initial discussions with the most important customers from the automotive sector, the team from Anchor Rechtsanwälte, together with the company's management, was able to offer the prospect of continuing business operations. Production at the site will therefore continue as normal. Insolvency of the parent company J.G. Weisser Söhne GmbH & Co. KG is a provider of complete solutions for high-precision multifunctional lathes and automation solutions. The company's history goes back to 1830, when Johann Georg Weisser manufactured lathes and vices in a "locksmith and tool forge". In 1856, the J.G. Weisser Söhne machine factory was founded in St. Georgen. This is where the factory production of machines and tools began. In the decades that followed, the company developed the highest level of expertise in the development and construction of lathes. The company supplies companies in the automotive industry worldwide - primarily OEMs. In 2023, sales amounted to around EUR 59 million. The company most recently employed around 340 people. During the corona pandemic, J.G. Weisser Söhne was severely affected by supply chain problems. As part of a restructuring, the company was sold to the US Hardinge Group. Since the Hardinge Group itself had to file for Chapter 11 bankruptcy in the USA in the summer, J.G. Weisser Söhne's financing was no longer permanently secured. Negotiations for restructuring that were scheduled at short notice did not lead to a result within the desired time frame. This made the application for insolvency proceedings under self-administration unavoidable. Investor process initiated The Anchor team, with the two general representatives Markus Fauser and Tobias Wahl as well as David Blum, is now continuing the restructuring process. "In the past few days, I have come to know J.G. Weisser Söhne as a professionally organized company. Production is running at full speed and we currently have the highest order backlog in the last twelve months. If business partners and the company's team continue to work together so well, then I am convinced that we have a stable continuation solution," explains Markus Fauser. At the same time, Anchor is initiating a structured and professional M&A process. "Our shareholders and customers support our restructuring concept. The work in the company is continuing with full commitment," says Viktor Gaspar, Managing Director at J.G. Weisser Söhne. Good chances for restructuring Self-administration is a judicial restructuring procedure to preserve companies. In the event of insolvency proceedings in self-administration, the company is allowed to lead the company itself through the process under the supervision of a court-appointed administrator - accompanied by restructuring experts. The provisional administrator, lawyer Marc-Philippe Hornung from SZA Schilling Zutt & Anschütz Rechtsanwaltsgesellschaft, sees good chances for a successful restructuring: "I am optimistic about the chances for a successful restructuring and a stable solution. Together with all those involved in the process, I will work together with the management to achieve this and at the same time pay attention to the interests of the creditors." The filing of the insolvency application was legally supported by Taylor Wessing Partnerschaftsgesellschaft mbB under the leadership of Dr Hendrik Boss and his team. "We have known J.G. Weisser Söhne very well from our collaboration for several years. As part of the restructuring process now underway, we will work together to find a good solution," explains Dr Hendrik Boss from Taylor Wessing. Markus Fauser Team Anchor Rechtsanwälte Markus Fauser Tobias Wahl David Blum  

Alexander Zarzitzky appointed as provisional insolvency administrator Talks with investors are already underway Business operations will continue unchanged Augsburg, April 26, 2024. tresmo GmbH, a software company based in Augsburg, has fallen into a crisis and is looking for an investor. Due to the difficult situation, an application for insolvency has been filed with the Augsburg district court. The court appointed lawyer Dr Alexander Zarzitzky from Anchor Rechtsanwaltsgesellschaft as provisional insolvency administrator. tresmo has been developing customizable and cloud-based IoT solutions for device and machine manufacturers for over twelve years. The most important product is the smart product platform “IoT Cockpit”. This enables manufacturers of machines, devices and systems to network their products with customers and their own service. The cloud solution optimizes service and after sales for customers. Building on this, the software enables digital business and service models such as automated maintenance, pay-per-use and data analysis. Based on the platform, an individual expansion is also offered for customers. Customers are medium-sized companies. tresmo's turnover is in the low single-digit million range and the company currently employs 17 people. Postponement of orders as the cause of the crisis The main triggers for the crisis and tresmo's subsequent application for insolvency were unexpected delays and postponements of orders. In several cases, initially planned orders were postponed significantly, meaning that the expected sales could not be realized. Another reason for the postponement was the tense economic situation, which led to a delay in investments and the commissioning of service providers. Follow-up orders for tresmo that had already been negotiated verbally and scheduled were postponed for the same reasons. Potential new customers who had already signaled a high level of interest also postponed further talks for new orders by several months. The cost savings that were then immediately introduced were not sufficient to cover the resulting deficits. Talks already underway with potential investors Talks with potential investors or acquirers were already underway before the insolvency application was filed. However, these negotiations could not be concluded in time. “We are resuming the previous talks with investors and are also approaching other potential buyers. We want to finalize a solution for the continuation in a few weeks. The response so far has been very positive, as tresmo's product is well received on the market and there is a corresponding demand,” says tresmo Managing Director Thilo Wolter on the current status. Wage payments for the employees are secured by the insolvency money from the Federal Employment Agency. Business operations at tresmo have continued without restriction since the insolvency application was filed. “The team is very motivated and highly qualified. Despite the difficult situation, this is an important basis when it comes to finding a long-term solution for the company's future. Everyone is really pulling together here,” explains the provisional insolvency administrator Dr Alexander Zarzitzky.  

A few days ago, Boes GmbH Präzisionsstanzteile initiated its search for takeover candidates. The medium-sized metalworking company based in Neulingen/Bauschlott (Enzkreis) in Baden-Württemberg has over 35 years of experience in the production of high-precision stamped, bent and drawn parts as well as stamped grids. It has its own tool design and toolmaking department, which primarily produces the associated stamping and progressive dies. Its customers include well-known companies from the automotive, smart metering, defense and electrical engineering industries. This was preceded by the order for provisional insolvency administration by the Pforzheim Local Court on 23.01.2024. Attorney Tobias Wahl from the law firm Anchor Rechtsanwälte has been appointed as provisional insolvency administrator. Together with the management of Boes GmbH Präzisionsstanzteile and his team, the provisional insolvency administrator has succeeded in stabilizing business operations. Thanks to intensive discussions with customers and suppliers, the continuation of business operations with around 55 employees is currently on a secure footing. “We would like to thank our customers and suppliers for continuing to place their trust in us during this difficult phase and for continuing to work with us,” says Managing Director Volker Blum. With the orders currently on hand, production capacity utilization is foreseeably at a high level. This also creates a fundamentally good starting position for an investor. The provisional insolvency administrator is supported by attorney Gregorio Calocero (Counsel) from the law firm Anchor Rechtsanwälte, as well as allea consult GmbH. The M&A process is being conducted by benten capital GmbH & Co. KG is conducting the M&A process.  

The management of Hoeller Electrolyzer GmbH filed an application for the opening of insolvency proceedings with the Schwerin Local Court on March 20, 2024. On the same day, the Schwerin Local Court ordered provisional insolvency administration and appointed Remo Kruse, lawyer at Anchor Rechtsanwälte, as provisional insolvency administrator. Business operations have not been discontinued and will continue in full. Hoeller Electrolyzer GmbH develops innovative PEM electrolysis stacks under the product name “Prometheus”. In these stacks, water is broken down into hydrogen and oxygen using electricity. They represent the core component of future electrolysis and power-to-X systems. With the development of its patented technology, Hoeller Electrolyzer GmbH has positioned itself as a specialist in the field of highly efficient PEM electrolysis stacks and achieved international relevance. Hoeller Electrolyzer GmbH is aiming to have the product ready for the market within the next few months. The company's business operations will be continued by the provisional insolvency administrator. The aim is to secure long-term financing and thus maintain business operations on a sustainable basis. “The product developed so far is a promising innovation and the know-how of the company's employees is competitive,” says Remo Kruse, who has been able to gain a first impression of the company and the product over the last few days. “Our prototypes have shown very promising properties in extensive test series at the HyCentA at the University of Graz. We are confident that we will find a strong partner for the step to series production,” adds company founder Stefan Höller. Hoeller Electrolyzer GmbH has already initiated its search for takeover candidates. The M&A process is being conducted by Centuros Consult GmbH under the leadership of Malte Heesch and Carlos Rodrigues. The provisional insolvency administrator is being supported by qualified lawyer Jessica Schmechel and Tatjana Krist-Petersohn from the law firm Anchor Rechtsanwälte.  

Dr. Alexander Zarzitzky appointed as preliminary insolvency administrator Business operations continue Search for investors has already begun Munich, October 17, 2024. An investor is being sought for the space-tech startup UNIO. The Munich-based company has filed for insolvency at the Munich District Court. The court granted the application and appointed Dr. Alexander Zarzitzky as the preliminary insolvency administrator. He and his team have already gained an overview of the situation and held initial talks with employees and some business partners. UNIO's business operations are to be fully maintained during the preliminary insolvency proceedings. High-speed internet – everywhere and without interruption The space tech start-up UNIO was founded in 2022 as a joint venture between the established companies Isar Aerospace (rocket development and construction), Reflex Aerospace (satellite construction), Mynaric (communication via laser beams) and SES (satellite operator). UNIO has since developed a proprietary technology that enables seamless high-speed internet coverage by combining 5G telecommunications and satellite networks. This makes it possible to implement applications such as autonomous driving over a wide area for the first time, as it ensures uninterrupted high-speed internet coverage. Pre-seed financing round with a volume of €2.5 million The company launched its “UNIO Move” product in March 2024. The target customers for UNIO's technology are automobile manufacturers and also manufacturers of agricultural vehicles. The Munich-based startup's goal is to establish Europe's first sovereign commercial satellite constellation for fast, powerful and secure connectivity. At the end of 2023, the start-up successfully closed a pre-seed financing round with a volume of EUR 2.5 million. Investors included the space and technology group OHB and the European technology company IABG. This summer, the World Economic Forum named UNIO as one of the 100 most promising start-ups in the tech industry. “We are working tirelessly to bring advanced connectivity solutions to the mobility sector, in the belief that this technology will transform almost all industries and become an indispensable backbone for strong economic and political sovereignty. I am proud of the pioneering work that our team has done together with our partners. Given the difficult economic environment, we are currently reviewing new strategic options and partnerships to continue this mission,” said Katrin Bacic, CEO of UNIO. Search for investors has begun The company's crisis was triggered by the lack of follow-up financing from the shareholders. This step was taken against the backdrop of a difficult market in the automotive and mobility sector. In addition, the financing environment for growth financing of start-ups remains very tight across Europe. For this reason, filing for insolvency was unavoidable. “UNIO's technology is innovative and groundbreaking. We will now work together intensively to ensure that it can be maintained and further developed. We are therefore seeking a quick investor solution and have already started the search,” explains the provisional insolvency administrator Dr. Alexander Zarzitzky. UNIO was represented in the insolvency proceedings by Dr. Franziska Kramer, a lawyer at the law firm GÖRG Partnerschaft von Rechtsanwälten mbB. Team Anchor Rechtsanwälte Dr. Alexander Zarzitzky Astrid Maria Mayer  

Dr Alexander Zarzitzky appointed as provisional insolvency administrator Business operations continue without restrictions Investor search started Bad Wörishofen / Munich, June 13, 2024. aero und sports GmbH from Bad Wörishofen needs to be restructured and is looking for a new financing solution. For this reason, the company, founded in August 2021, has filed an application for preliminary insolvency proceedings with the Memmingen District Court. The court granted the application and appointed Dr Alexander Zarzitzky from Anchor Rechtsanwälte as the provisional insolvency administrator. Wind speeds of up to 120 kilometers per hour aero und sports GmbH has built a state-of-the-art bicycle wind tunnel for endurance athletes in the north of the Allgäu tourist center of Bad Wörishofen. Here, top athletes and ambitious recreational athletes can optimize their racing machines and their personal seating position under the guidance of experts. The wind tunnel reaches a speed of up to 120 kilometers per hour. The system can also generate crosswinds at angles of up to 45 degrees. The Aerow advises athletes on how to optimize their riding position based on measurements taken in the wind tunnel. The material of the racing bike, helmet and clothing can also be tested. Increased construction costs as a cause of the crisis The groundbreaking ceremony for the spectacular building took place in winter 2022. The wind tunnel started operations in March 2024 and there are already a large number of users. Thanks to the good transport connection, the wind tunnel is also easily accessible from the greater Munich and Stuttgart area. However, work on the building has not yet been fully completed. And this is also the reason for the need for financing. The costs for completing the building - which is being built entirely using wood - have increased significantly due, among other things, to price increases in the construction industry and delays in completion. These increased costs then led to the bankruptcy filing. Search for a continuation solution The provisional insolvency administrator Dr Alexander Zarzitzky has now held numerous discussions with business partners, customers and creditors. The aim is to develop a long-term financing concept in order to be able to continue operating this ultra-modern wind tunnel. "With THE AEROW, Bad Wörishofen and the region have gained a new flagship. The spectacular architecture does the rest. It will now depend on everyone involved pulling together and making it possible to save this very special project," explains Dr Alexander Zarzitzky. He is already in talks with interested parties who could take over the wind tunnel project.  

On May 16, 2024, the Duisburg District Court approved the insolvency application of Wilhelm Wißmann GmbH from Schermbeck and ordered provisional self-administration.GÖRG partners Holger Rhode and Dr. Raul I. Taras were appointed to the company's management board to support management and be responsible for the reorganization as restructuring managing directors (CIO). The aim of the self-administration procedure is to restructure Wilhelm Wißmann GmbH sustainably and thus make it fully economically viable again. All jobs of the approximately 70 employees are to be retained. Production will continue seamlessly during the procedure. In addition, salaries are initially secured for a period of three months through insolvency money. Wilhelm Wißmann GmbH is a supplier to the rail vehicle industry in a niche growth market in Europe in the interior design for rail vehicles division. Specifically, it manufactures floors, partition walls, ceiling elements, air conditioning ducts, entry furniture and furniture for catering for rail vehicles. This market is occupied by a few other competitors in Germany. The applicant's customers include Siemens, DB, Stadler, Alstom and RCS. A GÖRG team led by the restructuring and reorganization experts Holger Rhode and Dr. Raul I. Taras will work with the supplier's operational management to develop a restructuring plan. Thomas Montag from the management consultancy MONTAG&MONTAG will complement the management as CRO. Attorney Sarah Wolf from Anchor Rechtsanwaltsgesellschaft mbH was appointed as provisional administrator by the Duisburg District Court. Wolf will assume judicial supervision of the restructuring process in order to protect the interests of the creditors. Consultant Wilhelm Wißmann GmbH GÖRG Partnerschaft von Rechtsanwälten mbB Holger Rhode (Restructuring manager, partner, insolvency administration, Düsseldorf) Dr. Raul I. Taras (Restructuring manager, partner, restructuring, Cologne) MONTAG & MONTAG Dipl. Kfm. Thomas Montag (Restructuring manager) Administration Anchor Rechtsanwaltsgesellschaft mbH  Sarah Wolf  

Attorney Prof Dr Martin Hörmann appointed as provisional administrator RSM Ebner Stolz is supporting the restructuring of the company with a team of experts Hechingen, July 1, 2024. The Sternenbäck Group from Hechingen has filed for insolvency under self-administration. The Hechingen District Court then ordered the preliminary proceedings on May 23, 2024. A restructuring team from RSM Ebner Stolz consisting of Jan Hendrik Groß and Lutz Maschlanka is supporting the bakery group in the proceedings. The court appointed lawyer Prof Dr Martin Hörmann from Anchor Rechtsanwaltsgesellschaft mbH as the preliminary administrator, who will oversee the proceedings in the interests of the creditors. The aim is to ensure the continued existence of the company and to secure jobs. Business operations will continue in full as part of the self-administration. The Sternenbäck Group is a German company in the bakery industry with a long tradition that goes back to the 18th century. The company currently operates 123 branches in 5 federal states and three production sites in Gera, Spremberg and Hechingen. The Sternenbäck Group currently employs around 1,000 people. Trigger of the crisis The reason for the application is the changed market environment for raw material and energy prices, which have recently affected the competitiveness of the Sternenbäck Group. In addition, the bakery industry is currently confronted with rising staff costs and changing customer behavior. The resulting cost increases pose major challenges for large bakeries such as the Sternenbäck Group. Administration: Prof. Dr. Martin Hörmann, Nadine Mayer Self-administration and legal support: Jan Hendrik Groß, Lutz Maschlanka, Vincent Tiepold, Carolin Göb-Jungclaus, Sabrina Giersberg, Kai Elfering, Guido Glörfeld  

Lawyer Silvio Höfer appointed as provisional insolvency administrator Business operations will continue More than 700 employees in the company Search for investors to begin shortly Isernhagen/Hanover, May 29, 2024. Soli Infratechnik GmbH has run into a crisis. For this reason, the company from Isernhagen near Hanover had to file for insolvency at the Hanover District Court. The court appointed lawyer Silvio Höfer from Anchor Rechtsanwaltsgesellschaft mbH as the provisional insolvency administrator.  Delays in projects as the cause of the crisis  Soli Infratechnik is one of the leading German general contractors in the fiber optic business. Last year, the company achieved sales of EUR 135.5 million. More than 700 people are employed at twelve operational locations in Germany - the headquarters are in Isernhagen. The largest clients include Deutsche Telekom, Deutsche Glasfaser and Deutsche Giganetz. Soli Infratechnik offers comprehensive services in the areas of engineering, civil engineering, logistics and installation of fiber optic cables. The company has grown strongly in recent years - sales have doubled since 2020. The crisis was primarily triggered by delays in the completion of projects that had already been commissioned. The significant increases in material prices and wages also contributed to the crisis. Completions were also hampered by significant supply chain problems, among other things. An attempt to restructure Soli Infratechnik had already been made since the summer of last year. Now these measures have proven to be insufficient due to the ongoing problems at the construction sites. Talks with investors planned The provisional insolvency administrator Silvio Höfer from Anchor Rechtsanwaltsgesellschaft mbH has already informed himself about the current situation in the company. Numerous talks are being held with clients and business partners. The employees were also informed about the status of things in meetings. The employees' salaries are secured by the insolvency money from the Federal Employment Agency. "Our first task is to ensure ongoing business operations. The next step is to develop a viable financing solution for Soli Infratechnik. We will therefore also seek talks with potential investors," explains the provisional insolvency administrator Silvio Höfer. A structured investor process will be initiated shortly. In addition, discussions are being held with existing stakeholders about a new financing structure.  

Insolvency administrator Dr Robert Hänel finds investor Ten months of business continuation successfully completed RF Duroplast GmbH takes over the company Weilheim/Gilching, September 13, 2024. The operations of Helvoet Rubber & Plastic Technologies GmbH & Co. KG has now been saved after filing for insolvency. RF Duroplast GmbH, part of the Gunzenhausen-based RF Group, has legally taken over the company with the approval of the creditors' meeting granted yesterday. The successful sale was preceded by almost a year of business continuation with intensive cooperation between the management and the team of insolvency administrator Dr Hänel from Anchor Rechtsanwälte. The German part of the Helvoet Group had to file for insolvency at the end of 2023. The main reasons for this were insufficient capacity utilization following the outbreak of the war in Ukraine and problems with the global supply chains. The situation was exacerbated by increasing competition from low-wage countries and significant increases in energy costs. Specialist for Duroplast The company was founded in 1949 as a family business and specializes in plastics processing. Since 2013, it has been part of the Dutch Helvoet Group, which also has production facilities in the Netherlands, Belgium, India and Poland. The company site in Gilching specializes in the production of injection-moulded parts made from thermoset and thermoplastic materials. The company sees itself as a proven specialist in the production of thermoset in particular as this material is difficult to process. It can be used as an alternative to metal but is lighter. With its own twelve injection molding machines, Helvoet can produce parts with precision. Its customers include companies from the Siemens Group, the bicycle brake manufacturer Magura and companies from the automotive sector. The company currently employs 31 people. Business continuation as the basis for the sale In close cooperation with suppliers and customers, the insolvency administrator's team succeeded in ensuring good capacity utilization of production at adequate sales prices and reliable payment terms. At times, additional temporary workers even had to be hired for capacity reasons in order to process the orders. The Anchor team received business management support from CLAHO GmbH under the direction of Dr Claus Hornig. At the same time, a structured M&A process began in order to find an investor for the company. This process was managed by InsoConsult GmbH under the direction of Mr. Robert Bischoff. After approaching over 100 potential candidates, negotiations were held with three potential investors. This process has now been successfully concluded with the sale to RF Duroplast GmbH. Team Anchor Rechtsanwälte Dr. Robert Hänel Michael Verken Gregorio Calocero David Blum Markus Koch Headquarters Helvoet Rubber & Plastic Technologies  

Lawyer Remo Kruse appointed as provisional administrator Production continues without restrictions Wayes as M&A advisor in search of investors Hamburg/Halstenbek, September 18, 2024. An investor is currently being sought for Co-Filling Services OHG. The company from Halstenbek near Hamburg had to file for insolvency at the end of August. Lawyer Remo Kruse from Anchor Rechtsanwälte was appointed provisional insolvency administrator by Pinneberg Local Court. Together with the shareholder, Fabian Harms, he quickly succeeded in maintaining the bottling company's business operations. Capacity utilization remains very good Co-Filling Services specializes in the filling of viscous media for food manufacturers. Since its foundation in 2008, the company has developed a high level of expertise in the processing of viscous sauces, nut butters and spreads. It provides its services to customers in the food industry as a one-stop provider, from process consulting to filling and shipping. Among other things, the company holds the important IFS Food certificate. Co-Filling Services currently employs 15 people - all with many years of professional experience. “The workload with orders is pleasingly good. We have a lot to do. That gives us confidence for the tasks ahead,” explains partner Fabian Harms. Encouraging number of interested parties The reason for the economic problems and the insolvency application was the crisis-related price developments for raw materials in recent years. As the provisional insolvency administrator, Remo Kruse also sought direct contact with the main customers in order to ensure the continuation of business relationships and sales of the products. “The response from our business partners has been very good and we are receiving further orders. On this basis, we can continue to work excellently and also continue the structured investor process,” explains the provisional insolvency administrator Remo Kruse. Responsible for the M&A process is the Hamburg-based WAYES GmbH & Co. KG as the exclusive M&A advisor. “We already have a pleasing number of interested parties in Co-Filling Services. I am therefore optimistic about a stable continuation solution,” Kruse continues. About Anchor Anchor is a hybrid of a law firm and a management consultancy. With 14 locations and around 150 employees in the areas of insolvency and restructuring, the firm is one of the largest restructuring units in Germany. Anchor has supported and restructured numerous larger companies both in and out of insolvency. Anchor's lawyers are regularly proposed and appointed as insolvency administrators, trustees or as restructuring directors in insolvency, self-administration and protective shield proceedings. Anchor Management is known for its business restructuring advice, interim management and distressed M&A advice. In advisory mandates, Anchor combines legal expertise with business know-how. Team Anchor Insolvency Administration: Lawyer Remo Kruse Dipl. Juristin Jessica Schmechel Tatjana Krist-Petersohn Remo Kruse, Anchor Rechtsanwälte