Global law firm K&L Gates has advised strategic investor Tri Star Group, Shanghai, on the acquisition of Poland-based Sprick Rowery Sp.z o.o form insolvency of the German Sprick Group. Sprick Group, headquartered in Gütersloh, is a family-owned manufacturer of high-quality bicycles and bicycle parts.

The transaction is carried out in connection with the insolvency proceedings of Sprick Cycle Gmbh and Sprick Rowery Sp. z o.o., based in Świebodzin, Poland, which employs approximately 250. The proceedings were opened in February 2025 by the Local Court (Amtsgericht) of Bielefeld, Germany. The international jurisdiction of the Bielefeld court, and the resulting application of German insolvency law to the Polish subsidiary, is based on the European Insolvency Regulation and its “Centre of Main Interests” (COMI) concept. Tri Star has acquired Sprick Rowery Sp. z o.o. through a Polish subsidiary by way of a German insolvency plan, which had received the approval of the lending bank consortium, and will retain the company’s entire workforce. Clearance from the German Federal Cartel Office has already been obtained, and the insolvency proceedings over the Polish subsidiary were terminated in February 2026.

“With the entry of a strong, globally positioned investor, we have succeeded in placing the company on a sustainable path for the future. The close and constructive cooperation of all parties involved made this important step possible,” comments Axel Geese, insolvency administrator of the Sprick Group.

Tri Star Legal Counsel Stacy Zhang stated: “We are pleased to have KLG as our partner in this transaction. We are deeply committed to advancing the Green Mobility sector, and with Sprick joining our group, we will further strengthen and complete our industrial chain, laying a solid foundation for long-term, sustainable growth.”

Tri Star Group, headquartered in Shanghai, is a subsidiary of Singapore based DuTech Holding Ltd., a global security and green mobility provider with over 3,100 employees located in Germany, Asia, the United Kingdom, and the United States. The Group designs and manufactures TVM, ATMs and Bank Safes, Smart Terminals, Data Safes, Security Systems, E-bikes and Green Mobility Products.

K&L Gates advised Tri Star on this cross-border M&A transaction, led by Frankfurt partner Dr. Georg Bernsau (Restructuring and Insolvency), with assistance from counsel Dr. Angelika Bartholomäi (M&A/Corporate) and associate James Schütze (M&A/Corporate).