In 2023, 360 law firm assisted a group of experienced investors in saving the company altan.dk.
“A bankruptcy is never desirable. And when it happens to a market-leading company like Altan.dk, it comes as a shock to most people. Not least for the employees, who don’t know if they are coming or going, and for the customers of all the ongoing projects where the balconies need to be completed,”
explains Carsten Ceutz, partner at 360 Law Firm and expert in insolvency law. He continues,
“Therefore, it has been particularly satisfying to assist the new owners of Altan.dk. The new ownership group’s decisiveness and quick action meant that the company’s 130 jobs were safely continued. The fact that the new owners also bring extensive industry knowledge means that a previously uncertain situation has now turned into a situation where the company has even greater potential than before.”
Business-savvy lawyers make the difference
“It has been crucial for us in the new ownership group to act quickly so that the uncertainty among the employees and customers did not stand in the way of restarting the company, which holds a strong market position and great untapped potential,” says Søren Iversen, a new co-owner and board member of Altan.dk.
“Therefore, I am also incredibly pleased with the advice and assistance we received from 360 Law Firm. It was especially the team’s focus on the business’s customers and the way in which the future market is integrated into the overall business understanding that enabled us as new owners to execute quickly and incorporate into the new Altan.dk and get off to the best possible start.”
