Cologne, 07.10.22, On 01.10.2022, the Cologne Insolvency Court opened insolvency proceedings for the assets of BOUS International Maschinenbau GmbH. It appointed lawyer and anchor partner Sarah Wolf from Cologne as insolvency administrator. On July 26, 2022, the company had filed an application for the opening of insolvency proceedings. The mechanical engineering company develops and builds cleaning and degreasing systems for numerous industries.
Wolf and her team have been supporting the provisional insolvency proceedings since July 27, 2022 and initiated a structured investor process, accompanied by the consulting firm venture advice. Due to the short time frame until the opening of the insolvency proceedings, the investor approach was aimed in particular at strategic investors. “The quality of BOUS machines and the expertise of the employees are well-known in the industry, which is why it was possible to find interested parties for the company in a short space of time and ultimately sell the business,” says Wolf, summarizing the sales process.
Wolf sold the company to BOUS Renzmann Cleantech GmbH when the proceedings were initiated. BOUS is now part of D.W. Renzmann Apparatebau GmbH, which has been building industrial washing machines and solvent distillation systems in Monzingen/Nahe since 1969, in particular for printers and paint and varnish manufacturers.The companies share a similar philosophy of manufacturing cleaning systems. The acquirer will take over the majority of the employees and retain the location in Cologne.
Anchor is a hybrid of law firm and management consultancy. With 13 locations and around 150 employees in the areas of insolvency and restructuring, the law firm is one of the largest restructuring units in Germany. Anchor has assisted and restructured numerous large companies in and out of insolvency. Anchor's lawyers are regularly proposed and appointed as insolvency administrators, trustees or restructuring managers in insolvency, self-administration and protective shield proceedings. Anchor Management is known for its business restructuring advice and interim management. In advisory mandates, Anchor combines legal expertise with business know-how.
venture advice, founded in 2001 by Alexander Pätzelt and Detlef Tinzmann, advises and supports shareholders of owner-managed companies (SMEs) on all issues relating to corporate financing, the purchase or sale of company shares or assets, company valuation, the preparation and validation of company and liquidity plans, upcoming succession situations and interim commercial management.
Team Anchor:
Sarah Wolf, insolvency administrator and partner Anchor Rechtsanwälte, Cologne
Hannes Rieger, Anchor Attorneys at Law, Düsseldorf
Dr. Christof Schiller, Distressed M&A, Partner Anchor Rechtsanwälte, Mannheim
Markus Koch, Labor Law, Anchor Attorneys at Law, Mannheim
Larissa Bechthold, employment law, Anchor Rechtsanwälte, Düsseldorf
Benjamin Saßenscheidt, Anchor Management, Düsseldorf
venture advice (M&A):
Detlef Tinzmann, business graduate, managing partner
E-mail: dt@vacf.de
www.vacf.de
Press contact:
Julia Range
Lawyer, Head of Marketing and Communication
Phone: +49 (0)211 136534-0
E-mail: julia.range@anchor.eu
www.anchor.eu
Wolf and her team have been supporting the provisional insolvency proceedings since July 27, 2022 and initiated a structured investor process, accompanied by the consulting firm venture advice. Due to the short time frame until the opening of the insolvency proceedings, the investor approach was aimed in particular at strategic investors. “The quality of BOUS machines and the expertise of the employees are well-known in the industry, which is why it was possible to find interested parties for the company in a short space of time and ultimately sell the business,” says Wolf, summarizing the sales process.
Wolf sold the company to BOUS Renzmann Cleantech GmbH when the proceedings were initiated. BOUS is now part of D.W. Renzmann Apparatebau GmbH, which has been building industrial washing machines and solvent distillation systems in Monzingen/Nahe since 1969, in particular for printers and paint and varnish manufacturers.The companies share a similar philosophy of manufacturing cleaning systems. The acquirer will take over the majority of the employees and retain the location in Cologne.
Anchor is a hybrid of law firm and management consultancy. With 13 locations and around 150 employees in the areas of insolvency and restructuring, the law firm is one of the largest restructuring units in Germany. Anchor has assisted and restructured numerous large companies in and out of insolvency. Anchor's lawyers are regularly proposed and appointed as insolvency administrators, trustees or restructuring managers in insolvency, self-administration and protective shield proceedings. Anchor Management is known for its business restructuring advice and interim management. In advisory mandates, Anchor combines legal expertise with business know-how.
venture advice, founded in 2001 by Alexander Pätzelt and Detlef Tinzmann, advises and supports shareholders of owner-managed companies (SMEs) on all issues relating to corporate financing, the purchase or sale of company shares or assets, company valuation, the preparation and validation of company and liquidity plans, upcoming succession situations and interim commercial management.
Team Anchor:
Sarah Wolf, insolvency administrator and partner Anchor Rechtsanwälte, Cologne
Hannes Rieger, Anchor Attorneys at Law, Düsseldorf
Dr. Christof Schiller, Distressed M&A, Partner Anchor Rechtsanwälte, Mannheim
Markus Koch, Labor Law, Anchor Attorneys at Law, Mannheim
Larissa Bechthold, employment law, Anchor Rechtsanwälte, Düsseldorf
Benjamin Saßenscheidt, Anchor Management, Düsseldorf
venture advice (M&A):
Detlef Tinzmann, business graduate, managing partner
E-mail: dt@vacf.de
www.vacf.de
Press contact:
Julia Range
Lawyer, Head of Marketing and Communication
Phone: +49 (0)211 136534-0
E-mail: julia.range@anchor.eu
www.anchor.eu
