The long-established foundry DIHAG Hasenclever GmbH (DHC), which specializes in steel and iron casting, was successfully restructured and transferred to DIHAG Solutions GmbH as part of self-administration proceedings. Around 450 of the original 600 jobs were saved and the continued existence of the site in Battenberg was ensured. The operational business was transferred to DIHAG Solutions GmbH, which reintegrated the site into the DiHAG Integrated Foundry Group. The successful completion of this reorganization represents an important step towards long-term stability and competitiveness.
A team led by GÖRG partners Dr Michael Schaumann and Christopher Schiller provided legal advice to the self-administration on the transaction. After the creditors' meeting had approved the transaction and the approvals of the Federal Cartel Office and the Federal Ministry for Economic Affairs and Energy had been obtained, the transaction was completed.
The transaction was implemented swiftly thanks to the close cooperation of all parties involved under the leadership of Dr Sebastian Knapp.
Consultant DIHAG Hasenclever GmbH i.I.
Dr. Knapp Restructuring Law:
Dr Sebastian Knapp (Lead Partner, General Counsel, Insolvency Law/Restructuring)
Sina Wasmus (Insolvency Law/Restructuring)
GÖRG Partnerschaft von Rechtsanwälte mbB
Dr Michael Schaumann (Lad Management, Partner, Restructuring/M&A)
Claus Christopher Schiller (Lead, Partner, Corporate/M&A)
Dr Monique Pröpper (Associate, Corporate/M&A)
Dr Christian Bürger (Partner, Antitrust Law/Foreign Trade Law)
Metehan Uzunçakmak (Associate Partner, Antitrust/Foreign Trade Law)
Pusch Wahlig Workplace Law:
Dr Alexander Lorenz (Insolvency Employment Law/Collective Bargaining Law)
Dr Svenja Fries (Insolvency Employment Law/Collective Bargaining Law)
Administration:
SGP Schneider Geiwitz & Partner (Frankfurt):
Dr Romy Metzger (Trustee, Insolvency Law/Restructuring)
Sylvester Gross (Insolvency Law/Restructuring)
Consultant of DIHAG Solutions GmbH:
ORTHPARTNERS:
Dr Patrick Nordhues (Corporate/M&A)
Maik Nießen (Corporate/M&A)
Fieldfisher:
Dr Sascha Dethof (Antitrust/Foreign Trade Law)
Dr Jean Pascal Slotwinski-Michel (Antitrust/Foreign Trade Law)
