GÖRG Partnerschaft von Rechtsanwälten mbB advised the insolvency administration of the German cooling machine manufacturer Efficient Energy GmbH on the transaction. Vertiv S.r.l. is taking over the patents and rights to the cooling machine technology of the CleanTech start-up as well as individual other assets.
Efficient Energy GmbH was the first company in the world to make the refrigerant water usable in series production as a manufacturer of energy-efficient and environmentally friendly cooling machines. After filing for insolvency in June 2023, intensive talks were held with numerous potential investors.
Despite the efforts of the insolvency administrator Dr Matthias Hofmann from the law firm Pohlmann Hofmann, no solution could be found for the company as a whole. Business operations were discontinued at the end of August 2023. On 1 September 2023, the Italian company Vertiv S.r.l. took over all patents and rights to the cooling machine technology as well as individual other assets of the company.
A GÖRG team led by the experienced restructuring experts Dr. Thomas Rieger and Dr. Michael Schaumann provided comprehensive legal advice to the insolvency administrator of Efficient Energy during the successful transaction.
Advisors Insolvency Administration
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Thomas Rieger (Lead, Partner, Restructuring, Stuttgart/Frankfurt am Main)
Dr. Michael Schaumann (Lead, Partner, M&A/Restructuring, Cologne)
Dr. Frank Wilke (Partner, Labour and Employment Law, Cologne)
Dr. Katharina Landes (Partner, IP/IT&Outsourcing, Cologne)
Michael Winkelhog (Associated Partner, Tax, Cologne)
Dr. Lars Behrendt (Associate, Corporate/M&A, Cologne)
Dr. Matthias Hofmann