As part of the ongoing self-administration proceedings of Perimeter Protection Germany GmbH, a significant step towards the continuation and restructuring of the company has been taken: parts of the business have been successfully transferred to PeriGurard GmbH. The acquirer is taking over key business areas and a large number of jobs, thereby securing essential structures at the long-established company based in Salzkotten.
The transaction was implemented with close support from an interdisciplinary team at GÖRG. Partners Holger Rhode (restructuring manager, Düsseldorf) and Dr Raul Taras (general representative, Cologne) are leading the company's self-administration. They were supported in structuring and implementing the sale in particular by Claus Christopher Schiller (lead, M&A), Dr Monique Pröpper and Dr Ines Holz (all Corporate / M&A), Dr Lukas Piroth and Florian Suchan (Litigation).
On the restructuring team, Montag & Montag provided support with Marcus Mertens, Daniel Schlink and Jonas Decker. Attorney Kristin Brocker (Eckert) was again appointed as trustee.
‘The sale to PeriGuard has enabled a viable solution to be found for important business areas – a significant milestone in the restructuring of the company,’ emphasises Holger Rhode, partner at GÖRG and restructuring manager.
Perimeter Protection GmbH has been developing and manufacturing solutions in the field of high security, access control and passenger transport for over 70 years. The broad product portfolio includes fence and gate systems, barriers, high-security access barriers and people separation systems for security-relevant infrastructures. In October 2024, the company initiated insolvency proceedings under its own management at the Paderborn Local Court in order to restructure its operations independently.
Advisors to Perimeter Protection Germany GmbH
GÖRG Partnerschaft von Rechtsanwälten mbB
Holger Rhode (Restructuring Manager, Partner, Restructuring, Düsseldorf)
Dr Raul Taras (General Representative, Partner, Restructuring, Cologne)
Claus Christopher Schiller (Partner, M&A, Cologne)
Dr Ines Holz (Senior Associate, M&A, Cologne)
Dr Monique Pröpper (Associate, M&A, Cologne)
Leon Henselder (Associate, M&A, Cologne)
Dr Lukas Piroth (Associate, Litigation, Cologne)
Florian Suchan (Associate, Litigation, Cologne)
Dr Frank Wilke (Partner, Labour and Employment Law, Cologne)
Dr Alberto Povedano (Associated Partner, Labour and Employment Law, Cologne)
Susanne Pulvermacher (Associate, Labour and Employment Law, Cologne)
