Following the entry of an investor, the future of Colcrete von Essen GmbH & Co. KG (CvE) is secure. Within the framework of a reorganisation in self-administration, all jobs at the hydraulic engineering specialist for coastal protection and harbours could be preserved.
Justus von Buchwaldt and Steffen Schneider from the law firm BBL support the management as general representatives together with their team around Rouven Quick and Georg Hüllen. Dr. Hendrik Heerma from the law firm FRH acted as administrator. The comes team was exclusively commissioned with the ongoing business management support and the M&A process.
Hamed Omumi and Peter Böttger successfully supported the self-administration process in overcoming the challenging framework conditions and were responsible, among other things, for the ongoing earnings and liquidity planning. In parallel, Michael Rabe led the structuring and implementation of the successful investor process.
”All those involved have pulled together to bring about this restructuring in the middle of the pandemic. With the confirmation of the plan, the conditions are now in place for the insolvency proceedings to be lifted in the near future,” explains Chief Representative Steffen Schneider.
Heerma explains why CvE will be successful again in the future despite the Corona pandemic: “It was not easy to find a good solution for all parties in this difficult economic situation. I am very pleased with the positive outcome for CvE and the workforce. CvE has managed to reposition itself for the future thanks to its healthy core and innovative market positioning.”
The positive course of the restructuring of Colcrete von Essen clearly shows the possibilities of a restructuring in self-administration. In this case, the company had very good chances of completing the restructuring positively right from the start due to its focus on recognised sustainable solutions and specialist know-how.