P+P advised the insolvency administrator of OEKA Oehlhorn and CCO on the sale of its business units
P+P Pöllath + Partners advised the insolvency administrator, Joachim Exner of law firm Beck & Partners, on the sale of the business units of OEKA Oehlhorn GmbH and CCO GmbH to GEKA GmbH. The purchase price was not disclosed.
The company OEKA Oehlhorn GmbH & Co. KG, based in Bamberg, is an established provider of cosmetic plastic packaging, technical precision metal and plastic parts for the automotive industry and plastic components for medical device technology.
CCO GmbH, headquartered in Korbußen, expands the production spectrum of OEKA in the areas of evaporation of plastic surfaces in a high vacuum and their coating with UV curing paints in an inline process.
GEKA GmbH is a portfolio company of the financial investor 3i Group plc.
Insolvency proceedings commenced on the assets of OEKA Oehlhorn GmbH & Co. KG and CCO GmbH based on an order dated April 1, 2015, and the seller was appointed as insolvency liquidator.
P+P Pöllath + Partners advised the insolvency administrator on the sale, including on antitrust and tax matters, with the following interdisciplinary team:
- Katharina Reuther (lead, counsel, distressed M&A, Frankfurt)
- Hardy Fischer (partner, tax, Berlin)
- Pia Dorfmueller (partner, tax, Frankfurt)
- Daniel Elbel (counsel, real estate, Berlin)
- Daniel Wiedmann (counsel, antitrust law, Frankfurt)
- Jens Linde (counsel, finance, Frankfurt)
- Michael Schuhmacher (associate, finance, Frankfurt)
On the buyer's side, Kerstin Kopp (lead, partner, M&A, Frankfurt), Stefan Sax (partner, restructuring, Frankfurt) and Harald Amer (counsel, M&A, Frankfurt) of Clifford Chance served as advisors to GEKA GmbH.