The commercial law firm GÖRG successfully advised REIFF Technische Produkte GmbH in its self-administration proceedings until the transfer of its operating business to the international industry specialist ERIKS. With the completion of the transaction, the main objectives of the self-administration proceedings have been achieved as planned.

In the course of a structured investor process, the business operations of REIFF Technische Produkte GmbH and KREMER GmbH were transferred to ERIKS. All conditions precedent for the completion of the transaction were fulfilled. The takeover ensures the long-term continuation of the operating business under a strategically suitable new owner, while preserving the majority of jobs.

The central objective of the self-administration proceedings – the sustainable preservation of the company and its business activities – has thus been achieved. ERIKS will continue the acquired business operations while maintaining existing customer and supplier relationships.

The self-administration proceedings were supported by GÖRG partners Dr Holger Leichtle and Dr Thomas Rieger as authorised representatives. As administrator of REIFF Technische Produkte GmbH and insolvency administrator of KREMER GmbH, lawyer Martin Mucha, partner at GRUB BRUGGER, supported the proceedings. 

Dr Holger Leichtle, partner at GÖRG and authorised representatives of REIFF Technische Produkte GmbH, explains: "With the successful completion of the transaction, the self-administration proceedings were concluded, a sustainable continuation solution was implemented and jobs in the region were preserved."

Consultant REIFF Group

GÖRG Partnerschaft von Rechtsanwälten mbB 
Support for self-administration
Dr Holger Leichtle (authorised representative, insolvency law, restructuring law, Stuttgart)
Dr Thomas Rieger (authorised representative, insolvency law, restructuring law, Stuttgart)
Dr Christoph Niemeyer (partner, legal advisor, mergers and acquisitions, corporate law, Cologne)
Dr Wolf zur Nieden (Partner, Legal Advisor, Real Estate Law, Cologne)
Dr Ulrich Fülbier and team (partner, legal advisor, employment law, Munich)

Administrator / Insolvency administrator

Grub Brugger
Lawyer Martin Mucha (Insolvency Law, Restructuring Law, Stuttgart)
Lawyer Dr Nicolas Kreuzmann (Insolvency Law, Commercial & Corporate Law, Stuttgart)

M&A Advisor 

RSM Ebner Stolz
Michael Euchner (M&A consulting, Stuttgart)
Niklas Zimbehl (M&A consulting, Stuttgart)

Consultant ERIKS

Baker McKenzie 
Dr Jan Schubert (private equity advisory, M&A advisory, Frankfurt)
Prof Dr Artur M.  Swierczok (Insolvency Law, Restructuring Law, Frankfurt)
Christian Koops (Employment Law, Compensation Law, Munich)

About ERIKS 

ERIKS is an international industrial specialist for technical components and services. The company develops, manufactures and distributes solutions to increase efficiency, reliability and sustainability in a wide range of industries – from seals and hoses to fittings and solutions for flow and rotation control.