DÜSSELDORF (4 November, 2015) – McDermott Will & Emery advised insolvency administrator Horst Piepenburg on the sale of business operations of the insolvent Strauss Verwaltungs GmbH to Deutsche Mittelstandsholding (DMH). The purchase agreement is expected to be concluded in early November.

The relevant components of Strauss’s business operations will be taken over by the newly established Strauss Innovation GmbH. Around two thirds of the 77 branches, the online shop and parts of the administration will be transferred to the new company.

The McDermott team was led by Corporate partner Matthias Kampshoff, and included counsel Marc Oberhardt and associates Ulrike Witt, Thomas Beisken and Anja Zelfel.