08.01.2025
Insolvency plan becomes legal after confirmation by the Charlottenburg District Court
Russ Media Equity Partners company takes over shares
Hamburg/Berlin, January 8, 2025 | The Berlin software company Magix Software GmbH has successfully completed its restructuring under self-management after around twelve months. Magix was closely accompanied by lawyer Viktor von Websky from the Hamburg law firm REIMER as general representative.
The insolvency plan submitted by Magix has become legally binding following confirmation by the Charlottenburg District Court. The plan includes the takeover of the shares by Erento GmbH. This is a company of RM Equity Partners, an investment holding company that specializes in acquisitions of digital marketplaces and software companies.
As an internationally recognized provider of multimedia software, Magix filed for insolvency in December 2023 and applied for self-administration. Comprehensive restructuring measures were developed and implemented as part of the self-administration process. At the same time, investment banking consultant Ashkan Kalantary and his team from the consulting firm Lincoln International successfully searched for a suitable investor. The investor now takes over a stable and competitive company.
Magix Software is headquartered in Berlin. The company also has branches in Dresden and Lübbecke as well as a subsidiary in the USA. Through its international sales channels, Magix serves professional and private users worldwide with its extensive portfolio of video and audio editing programs. More than 35 million people and hundreds of media companies such as ARD and Radio France use Magix's stationary and SaaS solutions to produce creative and media content. Music created with Magix software has also won numerous Grammy awards.
The insolvency court appointed lawyer Friedemann Schade from the law firm BRL as the administrator of the self-administration proceedings, who supported the proceedings constructively together with lawyer Fiona Ehestädt, also from BRL. Financial management was in the hands of Malte Heesch and his team from Centuros Consult GmbH.
“The constructive, competent and very goal-oriented cooperation of everyone involved was crucial to the success of the renovation,” emphasizes Viktor von Websky. “I am pleased for Magix and its employees that we have found such a solid and reliable investor in RM Equity Partners and that Magix is now financially and strategically positioned for the future again.”
from zri-online