08.11.2023 | Deal Notifications, Press releases

KPMG Law advises Wide Open Agriculture on the purchase of assets of Prolupin GmbH

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) has advised Wide Open Agriculture Limited (WOA) on the agreement to acquire assets of Prolupin GmbH. The agreement provides for the acquisition of a part of the food tech company’s business by the newly established German subsidiary of WOA as part of an asset deal.

The Australian listed company WOA takes over Prolupin’s production facilities, enabling it to establish an immediate operational presence in Europe and become the leading lupin protein producers in the world.

Prolupin was founded in 2010 as a spin-off of the Fraunhofer Institute and was one of the world market leaders in the production of lupin protein isolates. The company had to file for insolvency in June 2023. Wide Open Agriculture Limited focuses on regenerative food and agriculture and produces plant-based proteins derived from lupins.

KPMG Law closely advised WOA on the acquisition of the assets out of insolvency with a team led by Düsseldorf partner Maximiliane Prüm, in particular with regard to corporate, labour and IP law.

In the search for investors, Prolupin was advised by Pluta Rechtsanwalts GmbH, which is responsible for the insolvency administration with a team led by Michael Bonhoff.

Advisors to Wide Open Agriculture:

KPMG Law Rechtsanwaltsgesellschaft mbH: Maximiliane Prüm (Partnerin, Federführung), Dr. Cordula Brügmann (Managerin), Laura Herr (Paralegal, all Corporate M&A), Gunars Urdze (Senior) Manager, Federführung Insolvenzrecht), Dr. Martin Trayer (Partner), Liza Rauter (Associate, beide Arbeitsrecht), Marie Goffin (Managerin, IP).

Advisors to Prolupin:

Pluta Rechtsanwalts GmbH: Michael Bonhoff (Niederlassungsleiter Rostock und Bestellter Insolvenzverwalter, Federführung)

Explore #more

14.11.2023 | Press releases

Tax and Law at a glance – New issue of the digital magazine “Talk

“Talk” stands for Tax and Law Compass, because that’s what the digital magazine wants to be: a navigation aid to the legal and tax aspects…

10.11.2023 | Deal Notifications

KPMG Law and KPMG AG Wirtschaftsprüfungsgesellschaft advise Ziemann Holvrieka on the acquisition of Künzel Maschinenbau

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) and KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG) advised Ziemann Holvrieka GmbH from Ludwigsburg on the acquisition of the majority of shares…

09.11.2023 | KPMG Law Insights

Mantelverordnung: New rules for mineral substitute building materials

On 01.08.2023, a number of laws came into force or were amended with the framework ordinance on the recycling of mineral waste: the ordinances…

08.11.2023 | Deal Notifications

KPMG Law advises Wide Open Agriculture on the acquisition of assets of Prolupin GmbH

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) advised Wide Open Agriculture Limited (WOA) on the agreement to acquire the assets of Prolupin GmbH. The agreement provides…

07.11.2023 | KPMG Law Insights, KPMG Law Insights

GWB amendment: These interventions threaten after sector inquiries

On April 5, 2023, the German government passed the 11th amendment to the Act against Restraints of Competition (GWB), the so-called Competition Enforcement Act.…

01.11.2023 |

Guest article in the “Versicherungswirtschaft” on autonomous driving

Autonomous cars are supposed to be the future. For the insurance industry, the development is accompanied by new risks, but also promising market prospects. In…

01.11.2023 | KPMG Law Insights

The MoPeG is coming – Here’s how GbRs with real estate should act now

On January 1, 2024, the German Act on the Modernization of Partnership Law (MoPeG) will come into force. Then the civil law partnership (GbR) has…

31.10.2023 |

Philipp Glock on the use of generative AI in the current issue of Juve Rechtsmarkt

ChatGPT has ushered in a new information age. The same applies to law firms: If you want to keep up, you have to stay on…

25.10.2023 | KPMG Law Insights

Podcast series “KPMG Law on air”: Company pension schemes in times of inflation

In times of inflation, both employers and beneficiaries worry about how the devaluation of money will affect company pension plans (bAV). Pension commitments are generally…

20.10.2023 | Press releases

KPMG Law participates in the German Legal Tech Summit 2023 as a partner

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) will participate in the first German Legal Tech Summit 2023 in Hannover on November 02, 2023. Philipp Glock, partner…

© 2023 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.