Gütersloh, August 22, 2024: For economic reasons, the management of Grillstar.de GmbH had to apply for the initiation of insolvency proceedings. The Bielefeld District Court then initiated the provisional insolvency proceedings on August 8, 2024 and appointed the Hiddenhausen-based lawyer Thomas Bagh as the provisional insolvency administrator.
After stabilizing the business operations, a structured search for investors has now been initiated: “Our goal is to maintain the business operations of Grillstar.de GmbH and to continue on the growth path we have embarked on,” explains attorney Bagh. “With our established market position in e-commerce and a loyal customer base, we offer strategic investors attractive approaches for an acquisition.”
“Our focus in the search for investors is clearly on strategic investors from the e-commerce and retail sectors,” adds Uwe Borgers from MENTOR AG, which was commissioned to carry out the search for investors. “Grillstar.de’s solid market position and well-established online presence make it an interesting add-on for larger market participants who may also offer complementary product ranges such as kitchens, outdoor furniture and the like.”
Anyone interested can contact MENTOR AG directly for further information. Contact persons are Uwe Borgers (uwe.borgers@mentor.ag) and Sebastian Schmitt (sebastian.schmitt@mentor.ag).
About Grillstar.de GmbH
Grillstar.de GmbH is a provider specializing in the trade (both stationary and online) of high-quality grills and grill accessories. The company serves both end consumers and commercial customers in Germany and neighboring countries. Sales recently amounted to up to EUR 5.5 million per year.
About Attorney Thomas Bagh
Thomas Bagh is a founding partner of the Hiddenhausen insolvency and restructuring law firm BEBK Rechtsanwaltsgesellschaft mbH, which was spun off from the nationally known tax and business consultancy LTS in 2014. With a team of around 20 employees, the BEBK team is involved in both judicial and extrajudicial restructuring proceedings.
About MENTOR AG
MENTOR AG is an owner-managed consulting and auditing company. For around 28 years, the focus of its activities has been on the areas of crisis, restructuring and insolvency. In addition to nationwide auditing activities for courts, creditors’ committees and administrators, MENTOR AG is active in the areas of distressed M&A and succession planning.
