- Sustainable restructuring plan requires injection of capital from external investors
- Mentor AG mandated to search for international investors
- Business operations continue in full
Bonn, 27 June 2018 – The restructuring process at winch specialist BROEHL is now entering the next phase. After the company filed for insolvency on May 11, 2018, the first priority of the preliminary insolvency administrator, Dr. Ralf Bornemann, dhpg partner, was to successfully stabilise business operations. Now he has mandated the consultancy firm MENTOR AG with an international search for investors.
Dr. Ralf Bornemann, attorney at law, dhpg partner and preliminary insolvency administrator in the proceedings commented, “The stated aim of all parties is the sustainable restructuring and in turn continuation of the company at its current location in Germany. In close consultation with the management, customers, creditors and the experienced core workforce, our restructuring plan sets forth the involvement of an investor aspiring to expand the business’s footprint geographically or in terms of its portfolio”. Bernd Kulmus, Managing Director of BROEHL GmbH added, “BROEHL is a globally sought-after specialist for high-performance winches which offers our marine customers a full-service “made in Germany” portfolio from a single source, from engineering all the way to installation. So we assume that we offer great potential for leveraging synergies to a strategic partner”.
BROEHL intends to regain competitiveness through an insolvency proceeding. The niche supplier founded in 1885 has a workforce of 140 staff and is one of the technological leaders in the manufacture of heavy-duty winches for specialised shipbuilding, the offshore industry and for maritime installations. The established company enjoys an excellent market reputation with a customer structure encompassing globally active manufacturers and operators of offshore installations and (special purpose) ships.
Potential investors can reach out to Mentor AG directly. The relevant contact is Uwe Borgers, Tel. +49 651-9 70 59 - 0, e-mail: uwe.borgers@mentor.ag
About dhpg:
dhpg is one of the leading, medium-sized consultancies in Germany specialised in the core fields of audits, tax consultancy, legal advice, insolvency management and restructuring advice. The owner-managed company is one of the 15 largest in its sector with over 500 staff at eleven different locations. dhpg is part of the Nexia-Network, which is among the top 10 international consultancy networks with over 28,000 associates in 120 countries and sales of USD 3.6 billion.
About Mentor AG:
MENTOR AG is a consultancy and audit company based in Trier and Minden. Its core fields are restructuring and insolvency-related advice, leading Mentor AG to regularly conduct investor processes in the scope of insolvency proceedings.