HEUKING advised Ideal Dragon Investment Ltd. on acquisition of insolvent ABA Beul GmbH

A team led by Munich-based partner Dr. Mathias Schröder advised Ideal Dragon Investment Ltd. from Taiwan and its British subsidiary IBG Group on its acquisition of ABA Beul GmbH from the insolvency administrator. It was agreed not to disclose the purchase price. The purchase agreement covers all business assets including inventories, intangible assets including trademark rights, and real estate.

ABA Beul GmbH had to file for insolvency in February 2024. Mr. Andreas Pantlen from Wellensiek was appointed as insolvency administrator. By the successful acquisition, the parties were able to secure the company's continued existence and more than 80 jobs.

The investor and fittings manufacturer IBP Group has been supplying pipe connection technology and fittings for residential and commercial construction, industry, shipbuilding and refrigeration and air conditioning technology for decades. The IBP Group includes the pipe connection and fittings manufacturer Conex Bänninger from Linden near Giessen. ABA Beul, which also specializes in fittings and systems for building technology, connection technology and water treatment as well as the production of customer-specific castings, will continue to operate as an independent brand and complement the IBP Group's portfolio.

The M&A process was accompanied by Falkensteg.

Counsel HEUKING:
Dr. Mathias Schröder (Lead)
Dr. Stephan Degen (Insolvency Law, M&A),
Peter M. Schäffler,
Fabian Becker, LL.M.,
Marilena Schöck (all Corporate, M&A),
Dr. Leonie Schwarzmeier (Real Estate),
Bettina Neheider (Public Law), all Munich,
Marcel Maybaum (IP), Düsseldorf,
Dr. Hans-Markus Wulf (IT & Data Protection), Hamburg,
Kerstin Deiters, LL.M, EMBA (Employment Law), Cologne