Alteri announces financing of Umlauf & Klein

9th May 2016

Alteri Investors has announced a DIP (debtor- in-possession) financing facility to Dr Schulte-Kaubruegger, the insolvency  administrator of German fashion business Umlauf & Klein GmbH (U&K).  U&K designs, manufactures and distributes premium womens fashion under four brands (Concept K, 7 Seasons, Dresses Unlimited and Cinderella Rocks).  The facility will be used to fund stock and fulfil a committed order book, enabling the business to continue trading and giving the administrator time to sell the business as a going concern.