Runtime Group acquires A-Plus Personaldienstleistung GmbH in an asset deal

Munich, 05 March 2015. Attorney-at-law Axel W. Bierbach of law firm Müller-Heydenreich Bierbach & Kollegen sold A-Plus Personaldienstleistung GmbH, Munich within 14 days after filing for insolvency to Runtime Group in an asset deal (so called “übertragende Sanierung”).


A-Plus Personaldienstleistung GmbH is a leading personnel service provider in the field of medical care and commercial personnel leasing. A-Plus was founded 1997 in Munich and employs 191 external and 14 internal employees at the three locations in Munich, Dusseldorf and Bochum.

The experienced restructuring expert attorney-at-law Axel W. Bierbach has been appointed as preliminary insolvency administrator by the local court Munich, Germany on 16th of February. Due to the special legal regulation in field of personnel leasing (for example the borrowers’ company statutory limitation for social insurance compensations), only a very short time period remained for finding an investor and continuing operations. Through an immediate initiated M&A process, suitable strategic investors could be found for A-Plus. About 200 external and internal employees were transferred with effect from 1st of March 2015 to subsidiaries of Runtime Group GmbH. The international Runtime Group employs over 4.500 people and operates in more than 85 locations in Europe.

About Müller-Heydenreich Bierbach & Kollegen

The law firm Müller-Heydenreich Bierbach & Kollegen is specialized on insolvency administration for decades with attorneys-at-law in Munich, Hallbergmoos, Nuremberg and Augsburg. Five court-appointed insolvency administrators are working on insolvency proceedings at several local courts in Bavaria and Thuringia. Particular strengths of the law firm are transferring restructurings, insolvency plans, self-administration as well as group insolvencies. Attorney-at-law and insolvency administrator Axel W. Bierbach (45) is specialized on continuation of businesses and reorganization in a broad variety of businesses. He has successfully handled numerous of insolvencies. (

About ACXIT Recovery

ACXIT Recovery Management as part of ACXIT Capital Partners, is an independent consultancy firm exclusively dedicated to distressed Mergers & Acquisitions. ACXIT Recovery delivers tailored solutions and transactions to small and medium sized companies as well as to insolvency administrators. The partners of ACXIT Recovery were in charge of over 80 successful transactions in restructuring and insolvency situations over the last eight years.

ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and abroad. Since 1998 we offer our clients comprehensive corporate finance advisory services including M&A, capital markets as well as restructuring and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna, Hong Kong as well as strong alliances in China, India and USA. (

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Nikolaus Röver, Managing Partner

Transaction Team:

Nikolaus Röver, Managing Partner
Philipp Schult, Senior Analyst