Genc Fast Casual Systemgastronomie GmbH (“Tastyy”) is a fast-casual gastronomy concept founded in 2022 with a focus on kebabs, bowls and similar snacks. The company attaches great importance to quality and sustainability by using fresh, regional ingredients and environmentally friendly packaging. The company has served its creative fast food creations in its former four locations.
In May 2024, the management of Genc Fast Casual Systemgastronomie GmbH filed an application for insolvency under self-administration with the Coesfeld Local Court through its attorney of record, Mr. Nils Averbeck of Michels Restrukturierung GmbH. Lawyer Dr. Mike Westkamp from the law firm GÖRG Partnerschaft von Rechtsanwälten mbB has been appointed as preliminary custodian by the court.
The team of CVM Capital Value Management GmbH, led by Managing Partner Kai Peppmeier, was exclusively mandated to carry out a structured M&A process. In close cooperation with the parties involved in the process, it was managed to sell the locations in Düsseldorf and Cologne to LANCH GmbH.
Team CVM: Kai Peppmeier (Managing Partner), Parwis Masomi (Principal), Nils Geigenmüller (Consultant)
LANCH is an innovative fast food start-up that specializes in connecting the restaurant industry with the digital world. The company offers restaurant operators the opportunity to run high-quality food brands through franchise and ghost kitchen models. LANCH works closely with well-known influencers to develop unique delivery restaurant chains that can be operated without extensive gastronomic experience.
GÖRG Partnerschaft von Rechtsanwälten mbB is one of the ten leading law firms for insolvency administration in Germany. GÖRG has always organized insolvency proceedings regardless of the sector and size of the company. Dr. Mike Westkamp is an expert in insolvency law and the restructuring of companies in crisis. For this reason, he is regularly appointed as insolvency administrator and trustee by insolvency courts.
Michels Restrukturierung GmbH is a renowned reorganization and restructuring consultancy and has guided many companies through critical situations and enabled their turnaround. Nils Averbeck is Managing Partner of Michels Restrukturierung GmbH, a specialist in the field of corporate restructuring and is regularly appointed as CRO in insolvency proceedings in self-administration.
https://michels-consulting.com/
Capital Value Management GmbH (“CVM”) is a transaction advisory firm and an independent corporate finance consulting firm for companies in distressed, turnaround and restructuring situations. To date, the focus has been on supporting more than 130 transactions involving medium-sized companies from the industrial, retail and service sectors with a sales volume of between €10 million and €250 million. CVM structures, accompanies and coordinates the entire M&A process in close cooperation with the client's tax and legal advisors.
