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Our Case Studies

A proven track record is the best way to demonstrate our strength and depth of expertise. Below are examples of our team’s recent appointments.

Manufacturing and Engineering

Warendorf – Die Küche GmbH

Personalised customer care, premium products and German quality. All signs point towards a positive future for Warendorf – Die Küche GmbH. The PLUTA restructuring experts were able to successfully keep the kitchen manufacturer’s business operations going and find an investor four months after the company had filed for insolvency. With a new investor from Hong Kong and a new name – now Warendorf Küchenfabrik GmbH – but the same high quality with a “made in Germany” guarantee, customers worldwide will welcome the solution achieved. This is also a positive result for employees. Most of the some 110 original jobs have been saved through the takeover.

Manufacturing and Engineering

Straubinger Metallbau GmbH

The insolvency law experts from PLUTA Rechtsanwalts GmbH found an investor for Straubinger Metallbau GmbH, based in Bavaria. The company, which has been operating for more than 40 years, filed for insolvency due to liquidity problems. Its core competencies lie in metal and steel construction and fire protection measures. In this area, the company also advises architects and building contractors. The buyer is the former managing director, who set up the company and then successfully managed it for years. Under the asset deal, this long-standing company will retain its name and all jobs have been saved.

Manufacturing and Engineering

Evraz Highveld Steel and Vanadium Limited

Evraz Highveld is the second largest steel manufacturer in South Africa. It is the country’s only producer of heavy structural steel products and only one of five such companies in the world.

In 2015 the Board and management advised that the firm did not have sufficient funding to meet its financial obligations for the short term as a result of historical operational and financial difficulties and extremely difficult steel and vanadium market conditions. It was resolved to place the company into Business rescue.

Initially an accelerated M&A process was entered into, in order to find a strategic investor, and ways of reducing costs were implemented.  Several independent environmental specialists were appointed to evaluate and assess the potential environmental liability and a  rotational lay off agreement was entered into with the unions,  and later, a full retrenchment of all the staff.

In an attempt to preserve value, an application was submitted to the International Trade Administration Commission (“ITAC”) for import price protection. Several private and governmental entities were approached in order to obtain post commencement funding.

The process is currently still underway.

Manufacturing and Engineering

Integrated Distribution & Print Business

Farber’s multi-disciplinary team were engaged by the private equity fund/shareholder to provide advice and guidance to the Board of Directors and management team as the Company operated through a financial and operational turnaround.

Our duties included assessing and building the management team, advising on all financial and cash flow implications as well as assisting in all aspects of operational performance improvement. 

Farber were able to develop strategy, including closing facilities and building sales capabilities and recruit a new CEO and sale staff, resulting in a 20% improvement in productivity and ensuring the cost of capital is optimised.  Farber are continuing to provide support for finance and operations of the business.

Manufacturing and Engineering

Leader in the single home construction business

A receiver appointed by the court asked Zalis to guide a home builder ranked number 2 in France, out of its cash flow crisis.

Zalis assisted the management and shareholders to deal with a business slowdown, using a large operational team to audit the group (and its different business units spread across France) and to build an action plan to rescue the business.

The resulting action plan was implemented over a full year. Once the rescue had proved successful, a buyer was found for the company.

Manufacturing and Engineering

Redmond Repetition Engineers Pty Ltd - Australia

We were appointed by creditors (Including a major Australian trading bank) to this highly regarded manufacturer of components for the military, aviation and automotive sectors. As liquidator we continued to trade the business for the benefit of service to key customers, including the manufacture auto-industry parts for sale to the US market, and bullets for the Australian Army whilst the business was marketed.

After a successful marketing and sales process we sold all the assets to various buyers around the world.

Manufacturing and Engineering

Gebr. Märklin & Cie GmbH

In 2013, PLUTA Rechtsanwalts GmbH succeeded in selling the Göppingen-based toy manufacturer Gebr. Märklin & Cie GmbH to a member company of the Simba-Dickie Group. After Märklin, a traditional German enterprise, filed for insolvency in March 2009, we pursued a course of restructuring and brought the model railway manufacturer back on the road to success. The insolvency Administrator, Michael Pluta, managed to fully meet the creditors’ claims. The payout to all the creditors has in the meantime reached a sum in the high-eight-digit range.


25 Year Anniversary
Rodgers Reidy
Date:
15/04/2024
Author:Rodgers Reidy

Happy 25th Birthday to Rodgers Reidy

In April 1999, 25 years ago, Peter Rodgers and Geoff Reidy started a business called Rodgers Reidy. Today, that business has offices in all states of Australia, the Northern Territory, New Zealand, Malaysia, Singapore, and Hong Kong.

Automotive Finance
B. Riley Advisory Services
Date:
31/03/2024
Author:B. Riley Advisory Services

Rounding the Corner

The prior year for the U.S. automotive industry was the start of a return to “normal,” as new vehicle sales defied expectations amid improved supply chain conditions, increased production, and exciting new product launches.

B. Riley Advisory Services
Date:
30/03/2024
Author:B. Riley Advisory Services

Monitor - Automotive

These valuable insights cover the latest industry trends and market variables that shape transactions.

208x27816business
Begbies Traynor Group
Date:
21/02/2024
Author:Begbies Traynor Group

A-Z of Offshore Insolvency, B is for Bonds

A serialised guide to some concepts and features encountered in the world of offshore insolvency.
Bonds are essentially IOUs issued by companies or governments to raise capital: investors buy bonds from the issuer company, becoming creditors who then receive periodic interest payments.