Company
Dutch family office BOELS & Partners takes over BÄRO
Dutch family office BOELS & Partners takes over the business operations of lighting specialist BÄRO
Leichlingen, 02.03.2023: As of 01.03.2023, the Dutch family office BOELS & Partners has taken over the business operations 'Retail Lighting' of the insolvent BÄRO GmbH & Co KG (BÄRO) via an existing investment. BOELS & Partners’ CEO Yvonne Boels was supported in the transaction by Drs. Ester Boer (future CFO) and the experienced M&A advisors Daniel Grube and Frederik Olms (GO & Company).
"Especially the tradition of BÄRO, as well as the high-quality products, have aroused our interest in the company. We are confident that we will find the right strategic direction to bring BÄRO back to its former strength. The feedback we have received from customers is positive," says Yvonne Boels, looking back on the last few days and weeks. And Yvonne Boels is already looking ahead: "We will use our many years of restructuring experience and our unique spot for medium-sized family businesses to restore the BÄRO brand to its former glory. In doing so, we must and will work hard to justify the trust of customers, suppliers and employees."
Following the initiation of preliminary insolvency proceedings against the assets of BÄRO on January 11, 2023, the team led by insolvency administrator Marion Rodine from the German law firm RUNKEL Rechtsanwälte has been working flat out to find a restructuring solution. At the beginning of March, the success of the restructuring can now be reported: "We are pleased that we have found a solution for BÄRO's lighting business in such a short time," explains Marion Rodine, who as insolvency administrator has now succeeded in the transferring reorganization of BÄRO's lighting business. "We are encouraged here by the fact that the investor not only wants to preserve the traditional brand BÄRO, but to lead it to new radiance. The insolvency proceedings so far have been very challenging for all parties involved," adds the insolvency administrator. "Without the strong commitment of the entire BOELS team, this restructuring would certainly not have been successful”.
Marion Rodine and her team were supported in the BÄRO investor process by MENTOR AG, which specializes in restructuring situations. "The investor process was more than lively. In the process, we have a good feeling that with BOELS & Partners we have found the right acquirer for a successful re-start for the lighting business of BÄRO. Now we only need a solution for BÄRO's hygiene business called 'CAT Clean Air Technology', which is not part of the transaction, sums up the project managing MENTOR board member Uwe Borgers.
In addition to the BOELS restructuring team, BÄRO executives Rüdiger Scheffler and Peter Renders will in future be working in responsible positions alongside many of their previous colleagues in the realignment of 'BÄRO 2.0'.
About BÄRO
BÄRO is an owner-managed medium-sized company founded in 1967. For more than 50 years, BÄRO has been implementing international lighting projects with a focus on food retailing. In addition, BÄRO has been on the market since 1996 in the field of Clean Air Technologies, offering UV-C solutions for cleaning and disinfecting air and surfaces, especially for commercial kitchens, catering and food production (industry and trade) and premises of all kinds.
About BOELS & Partners
BOELS & Partners is a Dutch Family Office, which is mainly active in BENELUX, Germany and German-speaking countries in the acquisition of medium-sized family businesses in special situations (unresolved succession, insolvency). The responsible management has more than 35 years of investment and restructuring experience.
About Marion Rodine
Marion Rodine, attorney at law, specialist in banking and capital market law, specialist in commercial and corporate law, specialist in insolvency and reorganization law, is a partner in the law firm RUNKEL Rechtsanwälte. The firm has been in existence for over 80 years and focuses on restructuring and insolvency advice. In addition to its headquarters in Wuppertal, RUNKEL Rechtsanwälte also has offices in Düsseldorf, Cologne, Bonn, Remscheid, Solingen and Herne. Attorney Rodine is regularly appointed by the courts as an insolvency administrator.
About GO & Company
GO & Company is a young M&A and succession consultancy based in Frankfurt, whose partners Daniel Grube and Frederik Olms have many years of experience also in the field of distressed M&A.
About MENTOR AG
MENTOR AG is an owner-managed consulting and auditing company. For more than 25 years, the focus of its activities has been on the areas of crisis, restructuring and insolvency. In addition to nationwide auditing activities for courts, creditors' committees and administrators, MENTOR AG is active in the areas of distressed M&A and succession planning.
www.mentor.ag
Press contact
Henriette van Hedel
c/o BÄRO
Fon+49 2174 799 0