Baker Tilly Partner Dr. Alexander Fridgen becomes provisional insolvency administrator of Nelles Verlag GmbH
Baker Tilly partner Dr. Alexander Fridgen advises Nelles Verlag GmbH on the ongoing sales process as provisional insolvency administrator.
Nelles Verlag, a highly regarded brand in the travel segment based in Munich, has filed for insolvency. Dr. Alexander Fridgen has been appointed provisional insolvency administrator by the Munich Local Court. Together with the management of the publishing house, he is striving for a quick takeover by a new investor. As an experienced specialist in insolvency and reorganization law, Dr. Fridgen advises the travel publisher on the ongoing sales process.
For more than 40 years, Nelles Verlag has been offering high-quality guidebooks and maps, asserting itself as a digital pioneer with over 52,500 geo-referenced POIs. Dr. Alexander Fridgen is confident to find a solution for a continuation of the company within a short period of time. A number of interested parties have already contacted ennea capital partners, which has been engaged to manage the sales process, so that initial negotiations are already underway.