Unanimous vote of creditors for insolvency plan

"We are extremely pleased with the overwhelming vote of our creditors," says Dr. Serdar Ertong, Managing Director of FIMA Maschinenbau GmbH. “The past few months have certainly not been easy times. We would therefore like to thank everyone who actively supported us on our course”. Last but not least, his thanks go to the more than 100 employees who support FIMA without reservation.

For the formal cancellation of the insolvency proceedings, the entry into legal force of the plan confirmation is still required. Attorney Steffen Rauschenbusch from the law firm Ernestus Rechtsanwaltsgesellschaft mbH, insolvency administrator of FIMA Maschinenbau GmbH since July 2019, explains: "After the expiry of various statutory deadlines, the district court can be expected to cancel the proceedings in a few weeks".

The basis of the plan, which was drawn up by the insolvency administrator Rauschenbusch and the management, is the entry of Fontes Mittelstandskapital GmbH from Munich into FIMA Maschinenbau GmbH, which was announced at the beginning of December 2021. Fontes has a long-term strategic interest in FIMA and intends to contribute both financially and personally to the company.

The business operations of FIMA Maschinenbau GmbH have continued without restrictions since the application for insolvency. Customers and suppliers continue to stand by the company. “Despite all the difficulties, 2021 was a good year for our business. The order books are already well filled for 2022," adds Managing Director Dr. Ertong.

About Fontes:

Fontes Mittelstandskapital GmbH and their team aim to support medium-sized companies in becoming sustainably successful and leading companies in their respective niches through innovation and digitalization. In addition to the many years of consulting expertise of the Fontes team and its network, Fontes brings an internationally active and very capital-strong family office as an additional partner.

About Steffen Rauschenbusch:

Attorney Steffen Rauschenbusch has been working as an insolvency administrator for more than 20 years. He is regularly appointed by numerous insolvency courts. Rauschenbusch is a founding partner of the nationally active law firm ERNESTUS Rechtsanwaltsgesellschaft mbH, which specializes in insolvency administration and advising companies in crisis situations. Insolvency courts where the firm is active are Mannheim, Heilbronn, Darmstadt, Heidelberg, Karlsruhe, Landau, Ludwigshafen, Mosbach, Worms und Wiesbaden.