Berlin/Frankfurt/Munich—Global law firm Dentons has advised Amor Group on its financial restructuring. On September 27, 2024, the restructuring proceedings and plan developed by Dentons were confirmed by the restructuring court of Frankfurt am Main for two of the group companies (AMOR GmbH and AmoGi AcquiCo GmbH) in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG). The plan became legally binding on October 25, 2024.

The Amor Group, based in Hanau, Germany, is one of Europe's most successful vertically integrated jewelry providers in the entry and mid-range price segment. Founded in 1978, the jewelry wholesaler and retailer now employs approximately 750 people. The group is represented in 27 countries worldwide through its retail shops and internet business. Like many companies in the consumer goods industry, Amor has faced significant challenges in recent years, necessitating a financial restructuring and recapitalization of the group.

Amor Group made early efforts to implement a financial restructuring and seek a new investor. Since an agreement with all financial creditors could not be reached, the company filed for StaRUG proceedings at the Frankfurt am Main District Court’s Restructuring Court for two of its group companies on August 14, 2024. On September 25, 2024, both restructuring plans were discussed and accepted by the required majority of parties affected by the plan at the voting meeting. The restructuring plans each provide for a substantial debt cut and a significant equity contribution by Robus Capital Management, which will take over both companies as an investor.

With the successful completion of the two StaRUG proceedings, the two companies will be able to continue operations, thus securing the future of the Amor Group.

Advisors to Amor Group

Berlin/Frankfurt/Munich: Andreas Ziegenhagen (Lead, Frankfurt/Berlin), Hans Beyer (Partner, Frankfurt), Dr. Jan Seelinger (Partner), Dr. Holger Ellers (Partner), Jana Winkler (Associate), Karl Berner (Associate, all Restructuring, all Berlin), Matthieu Emonet (Senior Associate, Berlin), Henrik Spalek (Associate, both Corporate/M&A, Munich), Wojciech Murzin (Senior Associate, Tax Law, Berlin)

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