Dentons advises on Freqcon’s self-administration proceedings

Frankfurt am Main-Global law firm Dentons advised Freqcon, a battery storage manufacturer based in Lower Saxony, Germany, during its self-administered insolvency proceedings. The company, which specializes in frequency converters and cutting-edge energy storage solutions, was forced to file for insolvency in mid-April of this year. The Walsrode Local Court subsequently approved the continuation of operations under provisional self-administration. Within just over three months, a new shareholder-the Spanish Grupo Amper-has been found, ensuring the continuation of operations at the company's headquarters in Rethem. All jobs will be preserved. The creditors' committee has approved the sale. Business operations will be transferred to Freqcon Amper Group GmbH, a subsidiary of Grupo Amper, effective August 1, 2026.

"We are pleased that we have concluded the self-administration process swiftly and successfully, thereby securing a sustainable future for Freqcon. In Grupo Amper, we have gained a strong and well-known shareholder who values our company's expertise and innovative strength while also providing new impetus for its further development," explains Dr. Michael Weber, who will continue to serve as managing director of Freqcon Amper Group GmbH.

"The proceedings have shown that self-administration can be an effective tool for sustainable restructuring. Together with management, we succeeded in bringing the investor process to a successful conclusion and reaching a solution that best serves both the company's continued existence and the interests of its creditors," said Daniel Fritz, lead partner at Dentons and general authorized representative in the self-administration proceedings.

Dr. Stefanie Zulauf, who is overseeing the proceedings as the court-appointed administrator, added: "The investor solution that has now been reached safeguards the interests of the creditors as well as the prospects for business operations and the employees. Preserving all jobs is a key component of this sustainable restructuring solution."

Freqcon GmbH is an internationally active specialist in innovative power electronics and energy systems based in Rethem (Aller), Lower Saxony. For over 35 years, the company has been developing and manufacturing high-performance frequency converters, battery storage, hybrid, and ultracapacitor systems for demanding applications in the fields of renewable energy, industry, and critical infrastructure. With its own research, development, and manufacturing capabilities, Freqcon delivers customized solutions to customers worldwide. The company thus makes an important contribution to the secure, efficient, and sustainable energy supply of the future.

Headquartered in Madrid, Grupo Amper is one of Spain's leading technology and industrial groups in the fields of defense, national security, energy, and sustainability. The publicly traded company has more than 70 years of experience and, with approximately 3,800 employees in more than 20 countries, develops innovative solutions for critical infrastructure, industrial applications, and the energy transition.

Advisors:

Dentons (Frankfurt am Main/Düsseldorf/Berlin):

Restructuring: Daniel Fritz (Partner, overall responsibility and authorized signatory), Hans Beyer (Partner), Tariq Marsahwah (Associate), Hasan Canpolat (Associate, all Frankfurt am Main)

Corporate: Julia Sieber (Counsel, Frankfurt am Main)

Real Estate Law: Sabine Wieduwilt (Partner, Frankfurt am Main)

Public Law and Regulation: Dr. Peter Braun (Partner, Frankfurt am Main), Dr. Sebastian Helmes (Partner, Berlin, Energy Law)

Employment Law: Dr. Sascha Grosjean (Partner, Düsseldorf), Dr. Wiebke Schulz (Partner, Frankfurt am Main)

Trust Administration: Eckert Attorneys at Law and Tax Advisors: Dr. Stefanie Zulauf (Trustee)

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