Oppenhoff advises nd industrial investments on the acquisition of a majority shareholding in the electric car manufacturer e.GO

The law firm Oppenhoff has advised nd industrial investments B.V. on the acquisition of a majority shareholding in Next.e.GO Mobile SE, which is taking over the entire business of the insolvent e.GO Mobile AG on 1 September 2020. The electric car manufacturer founded by Prof. Günther Schuh in Aachen, which was previously valued at more than EUR 1.0 billion, was affected by the Corona pandemic and filed for insolvency under its own administration at the beginning of April 2020. Dr. Biner Bähr was appointed as administrator. The creditors' committee has now accepted the offer from Next.e.GO Mobile SE. The purchase price is undisclosed.

The e.Go business will be continued in the future in the structure of a monistic SE. Co-shareholders are Prof. Dr. Günther Schuh and the management team. The new CEO is Prof. Dr. Ulrich Hermann, former board member of the listed Heidelberger Druckmaschinen AG and a proven digitization expert.

nd industrial investments B.V. is part of nd Group B.V. It invests in innovative enterprises of various sizes and industries, with a focus on sustainability, electromobility and digitization.

An Oppenhoff team led by restructuring expert Dr. Nefail Berjasevic comprehensively advised nd industrial investments B.V. on the transaction. Further team members were Dr. Johannes Janning, Dr. Günter Seulen, Till Liebau, Dr. Peter Etzbach, Dr. Andreas Krebs (all corporate), Marc Krischer (tax law) and Dr. Daniel Dohrn (antitrust law). Additional advisers were Martin Lambrecht, Gülsah Tan and Maximilian Michelsen of the law firm Lambrecht. Also active on the side of nd industrial investments was its general counsel Ivan Racic.

Oppenhoff regularly advises investors, companies and creditors in the run-up to and during the insolvency phase. With its extensive restructuring expertise and comprehensive know-how, the law firm is able to offer an optimal advisory service.

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Dr. Nefail Berjasevic<br/>EMBA, LL.M. (NYU)

Dr. Nefail Berjasevic

PartnerAttorneyAttorney at Law (N.Y.)

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