KPMG Law advises BRAVAT on acquisition of Rational fitted kitchens
KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) has advised the international Bravat Group on a complex acquisition of the business of Rational Einbauküchen GmbH including its British subsidiary Rational Built-in Kitchens Ltd.
Rational Einbauküchen markets fitted kitchens internationally, employs around 50 people in Melle, Lower Saxony, and previously belonged to kitchen furniture manufacturer Snaidero Rino S.p.A from Majano (Friuli) in northern Italy. The brand portfolio of Rational Fitted Kitchens also includes the kitchen brand “Regina”, which is particularly well-known in Austria, and the young trend brand “Mahlzeit by Rational”.
With the acquisition of Rational, the internationally active Bravat Group rounds off its portfolio with regard to interior design. The resulting synergies are to be exploited not only in the home market of Europe, but also in Asia. In the future, the Rational Group will operate under the name “Rational Einbauküchen Solutions GmbH”.
At closing, the deal will result in close cooperation between kitchen furniture manufacturer Snaidero Rino S.p.A and the international Bravat Group, which includes Roman Dietsche GmbH. Closing is expected in June 2021.
The international transaction was comprehensively legally structured and advised for the Bravat Group under the leadership of Boris Schilmar, Partner at KPMG Law and Manager Anna Melikov. In addition, KPMG Law also assisted its client in the drafting and negotiation of rounding contractual relationships. KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG) was involved in the financial and tax due diligence.
In addition to the market-recognized international transaction experience of the M&A team led by Schilmar, who heads the International Business for KPMG Law, the decisive factors for the success were the broad expertise of the 350-lawyer firm and the seamless cooperation with lawyers from the KPMG Law network in Italy, the UK, Taiwan and China. KPMG Law has a close-knit global network of 2,700 lawyers in more than 80 countries.
Janusz Palarczyk, Managing Director of Bravat, Roman Dietsche and in future also of Rational Einbauküchen Solutions GmbH: “Bravat has invested heavily in innovative companies over the past few years and has put together a complete range internationally in terms of interior design. The only existing gap in the system was the kitchen, which is now being filled with this German premium brand.”
Bravat Managing Director Janusz Palarczyk describes the cooperation with KPMG Law as exceptional: “The first-class support of Dr. Boris Schilmar and Dr. Anna Melikov from KPMG Law was essential in this transaction. We are pleased with the outcome and were very happy to have them on our team.”
Consultant Bravat Group:
KPMG Law: Dr. Dr. Boris Schilmar, Partner, Corporate/M&A, Head of International Business, Düsseldorf, Lead, Dr. Martin Trayer, Partner, Employment Law, Frankfurt am Main, Dr. Anna Wipper, Partner, Intellectual Property, Berlin; Dr. Gerrit Rixen, Partner, Antitrust Law, Cologne; Dr. Anna Melikov, Manager, Corporate/M&A, Düsseldorf; Annette Lionnet, Senior Manager, Commercial Law, Nuremberg; Dr. Ariane Loof, Senior Manager, Employment Law, Berlin; Gunars Urdze, Senior Manager, Restructuring, Cologne; Dr. Alexander Roos, Senior Manager, Antitrust, Cologne; Tamara Granzow, Senior Associate, Corporate/M&A, Berlin; Franz Jakob Schipp, Associate, Corporate/M&A, Düsseldorf; Arijan Shaboviq, Associate, Corporate/M&A, Düsseldorf.
KPMG: Lars-Christian Mahler, Partner, Head of M&A Tax, Frankfurt a.M.; Frank Wibott, Senior Associate, M&A Tax, Frankfurt a.M.; Magnus Schenk, Director, Deal Advisory, Frankfurt a.M.; Moritz Friederich, Senior Manager, Deal Advisory, Frankfurt a.M.
Consultant Rational Built-in Kitchens Ltd. and Rational Built-in Kitchens Ltd.:
Linklaters: Dr. Timo Engelhardt, Partner, Munich; Julia Jung, Associate, Munich; (others).
