Kinstellar has advised Max Aicher GmbH & Co. KG on the acquisition of the enterprises of the bankrupt Czech companies, Pilsen Steel s.r.o. and Pilsen Estates s.r.o., from insolvency administrator Jaroslav Broz. Tarpan Partners were on the insolvency administrator’s team, while Roedl & Partner served as tax advisors to the Max Aicher group.
According to Kinstellar, “the company was considered to be the world's biggest producer of windmill shafts and one of the biggest suppliers of large crankshafts for diesel engines."
“As a result of the deal, Max Aicher Pilsen, s.r.o. – the newly founded Czech subsidiary of Max Aicher GmbH & Co. KG – acquired real estate property and plots of land measuring more than 200,000 square meters, together with all movable and immovable assets pertaining to the business activities of the insolvent companies; this includes machinery, equipment, supplies, and scrap metal”, Kinstellar reports. “The Max Aicher Group is a family business, founded in 1924 in Freilassing, southern Germany, with a turnover of some EUR 1 billion. The group is active in the steel, construction, real estate, and tourism industries, as well as in the environment and recycling sectors, and is one of the largest independent steel companies in Europe.”
Kinstellar’s team was led by Partner Kamil Blazek and included Associate Vaclav Kment and Junior Associate Stepanka Havlikova.