I’d like to thank a friend in Germany for
bringing this news to my attention.
In his e-mail this morning, he said…
“The U.S.
investor Mimeo Inc. took over the operation of the German Koebcke GmbH at three
locations in Berlin and another seven offices nationwide.”
You
will find, below, Google Translate
translations – of two articles - from German to English. As always, keep in mind that translations are
not perfect.
1st
article……
April 14, 2014
Saved Berlin Digital printing
Koebcke: Tiefenbach insolvency administration
Retained 100 jobs:
self-administration successfully
- Rehabilitation
Director, Marcello Di Stefano, Tiefenbach insolvency administration
- Trustee, Dr. Juergen
Wallner, Wallner White insolvency expert GbR
Berlin, April 11, 2014 - The long-established Berlin
printshop Koebcke is saved.
The company, one of
the largest European producers of photo books had, in early November 2013 must
sign insolvency after the Service Point Solutions SA of Barcelona was advised
as affiliated company during the economic crisis in Spain itself in financial
difficulties. Now, the U.S. investor has
Mimeo, at three locations in Berlin and another seven offices nationwide, took
over the operation of the Koebcke GmbH, a German subsidiary. All of the
approximately 100 remaining jobs were obtained (retained).
At the request of
Koebcke (annual turnover of about EUR 11 million) had ordered the
self-administration, the district court Charlot Altenburg. Rehabilitation
manager Marcello Di Stefano as equity manager and administrator Dr. Juergen
Wallner, both experienced in insolvency administration and restructuring of
companies lawyers, it is then succeeded together, successfully handle the
seasonal extremely turbulent and difficult Christmas trading and subsequently paved
the way for the companies to provide new. Once it became clear that a
bankruptcy plan would already no longer come to fruition due to time
constraints, to Mimeo has prevailed
against three other prospects and acquired the business operations of Koebcke
GmbH by way of a so-called asset deal. As a strategic investor plans Mimeo, the
acquired operations to expand under a new name to its production center in
continental Europe.
For legal reasons, was canceled at
his own request and with the goal of a smooth transfer to an investor,
self-administration just before signing the contract and lawyer Dr. Juergen
Wallner been appointed to be the administrator, who ultimately then made the
deal perfect. "The good cooperation between equity managers, trustees and
creditors' committee was ultimately crucial to the success of this
mission." Says Di Stefano. - Wallner explained: "It was open until
the end, which investor would win. With the refurbishment solution now found
the operation for the future is in good shape. ". Both lawyers consider it
a particular success, that in a difficult position layoffs could be avoided.
2nd
article……
Previous News Next News 14/04/2014 - Category "
Proceedings"
Saved Berlin Digital printing Koebcke
Large printing Koebcke is rescued from insolvency
Retained 100 jobs : self-administration successfully
The old Berliners large printing Koebcke is saved. The
company , one of the largest European producers of photo books had , in early
November 2013 must Sign insolvency after the Service Point Solutions SA was out
of Barcelona as the affiliated company during the economic crisis in Spain
itself in financial difficulties. Now, the U.S. investor has mimeo , at three
locations in Berlin and another seven offices nationwide , took over the operation
of the Koebcke GmbH , a German subsidiary . All of the approximately 100
remaining jobs were obtained (retained).
At the request of Koebcke (annual turnover of about EUR 11
million ) had ordered the self-administration , the District Court of Charlottenburg.
Rehabilitation manager Marcello Di Stefano as equity managers and administrator
Dr. Juergen Wallner, both experienced in insolvency administration and
restructuring of companies lawyers, it is then succeeded together ,
successfully handle the seasonal extremely turbulent and difficult Christmas
trading and subsequently paved the way for the company new to ask . Once it
became clear that a bankruptcy plan would already no longer come to fruition
due to time constraints , to mimeo has prevailed against three other prospects
and acquired the business operations of Koebcke GmbH by way of a so-called
asset deal . As a strategic investor plans mimeo , the acquired operations to
expand under a new name to its production center in continental Europe.
For legal reasons , was canceled at his own request and
with the goal of a smooth transfer to an investor , self-administration just
before signing the contract and lawyer Dr. Juergen Wallner been appointed to be
the administrator , who ultimately then made the deal perfect. "The good
cooperation between equity managers , trustees and creditors' committee was
ultimately crucial to the success of this mission . " Says Di Stefano . -
Wallner explained : "It was open until the end, which investor would win .
With the refurbishment solution now found the operation for the future is in
good shape. " . Both lawyers consider it a particular success , that in a
difficult position layoffs could be avoided.
Lawyer Marcello Di Stefano , lawyer specializing in
bankruptcy law , is known as bankruptcy law expert and insolvency , and
renovators nationwide. He is a partner of Tiefenbach Lawyers Partnership to the
Tiefenbach insolvency administration part .
Information about Tiefenbach insolvency administration
Tiefenbach insolvency administration operates nationwide as
a known renovators and Fort leader in bankruptcy proceedings for over 25 years
. More than 2000 bankruptcy proceedings have been taken care of by now 9
liquidators of 13 locations in Germany. In collaboration with Tiefenbach
lawyers the entire portfolio of administration tasks are covered . The
administrator understand has always been the bankruptcy as an opportunity to
restructure and make a fresh start . More information at www.tiefenbacher -
insovenzverwaltung.de .
Attorney Dr. Juergen Wallner, lawyer specializing in
bankruptcy law, is a founding partner of Wallner White insolvency expert GbR
and nationally active as a bankruptcy law expert and insolvency . Since the law
was changed in March 2012, the lawyer Dr. Juergen Wallner already and many
companies , especially in the printing industry , in the context of
self-administration under the supervision of Mr. be rehabilitated.
Information about Wallner White
The Wallner White insolvency expert GbR is part of the
White Wallner group of companies , which for over 11 years with 6 admin- tern
at 16 locations specializing in corporate restructuring and nationwide. Through
an efficient and highly specialized staff business and legal expertise will be
implemented in practical crisis management. Its particular strength lies in a
multidisciplinary and holistic approach , flows into the next experience
business management also derived from the control of more than 1,000 corporate
insolvencies know- how.
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