Search
Contact
21.01.2019 | Deal Notifications, Press releases

KPMG Law advises Nowy Styl on the acquisition of the Kusch Group

KPMG Law Rechtsanwaltsgesellschaft mbH has advised Nowy Styl Sp. z o.o., based in Krosno, Poland, on the acquisition of Kusch+Co GmbH & Co. KG from Hallenberg in the Sauerland region.

Nowy Styl says it is the third-largest office furniture manufacturer in Europe and came to around 380 million euros in sales in 2018. The company has been on a growth trajectory for years, including the acquisitions of Grammer Office, Rohde und Grahl and Sitag, all of which KPMG Law advised on.

The previously family-run contract furniture manufacturer Kusch+Co was founded 80 years ago and today generates sales of 40 million euros a year with 250 employees. The company has many years of expertise, particularly in the furnishing of airports, hospitals and retirement homes. The acquisition will be retroactive to January 1, 2019. The closing is scheduled for the end of January.

As in the previous acquisitions of Nowy Styl, KPMG Law performed the due diligence and conducted the contract negotiations as part of the mandate. KPMG Law worked closely with experts from KPMG AG Wirtschaftsprüfungsgesellschaft in the tax and financial areas.

Consultant Nowy Styl Sp. z o.o.
KPMG Law Rechtsanwaltsgesellschaft mbH: Dr. Heiko Hoffmann, Partner, Frederik Johannesdotter, Senior Manager, both Lead, Corporate, Munich; Dr. Rainer Algermissen, Partner, Petra Swai, Senior Manager, both Real Estate, Hamburg; Dr. Sebastian von Rüden, Senior Manager, IP Law, Düsseldorf; Annette Lionnet, Senior Manager, Commercial, Nuremberg; Dr. Albrecht Muser, Senior Manager, Labor Law, Munich

KPMG AG Wirtschaftsprüfungsgesellschaft: Marcus Aberl, Partner, Marek Sirucek, Manager, both Tax; Hartmut Königsdorfer, Director, Matthias Neumann, Senior Manager, both Deal Advisory

Explore #more

06.05.2025 | In the media

Wirtschaftswoche honors KPMG Law

KPMG Law was named “TOP Law Firm 2025” in the field of M&A by WirtschaftsWoche. Ian Maywald, Partner at KPMG Law in Munich, was…

06.05.2025 | KPMG Law Insights

Social insurance obligation for teachers – transitional rule creates clarity

Teachers and lecturers are often hired on a self-employed basis. This practice makes the German pension insurance fund sit up and take notice. It is…

02.05.2025 | In the media

KPMG Law Statement in FINANCE Magazine: How CFOs can save up to 80 percent in the legal department

The cost pressure in companies is increasing – also in legal departments. Two strategies have now become established to save 50 to 80 percent of…

30.04.2025 | In the media

KPMG Law study in the Neue Kämmerer: How does the special fund get into the municipalities?

A special fund of 500 billion euros is to finance investments in infrastructure over the next twelve years. Of this, 100 billion euros are earmarked…

29.04.2025 | KPMG Law Insights

Anti-money laundering and transparency register – what will the new government change?

According to the coalition agreement, the future government wants to “resolutely combat” money laundering and financial crime. The coalition partners have announced that legal…

25.04.2025 | KPMG Law Insights

Coalition agreement: The plans for supply chain law, EUDR and GTC law

In the coalition agreement, the CDU/CSU and SPD agreed: “We will also abolish the National Supply Chain Due Diligence Act (LkSG).” At first glance,…

25.04.2025 | In the media

Guest article in the Frankfurter Rundschau: Overcoming the investment backlog with speed

Money alone will not be enough to implement the investment targets. The administration must create internal structures that enable rapid action. In a guest article…

23.04.2025 | KPMG Law Insights

Climate protection and sustainability in the 2025 coalition agreement

Climate protection has achieved a level of importance in the coalition agreement that was not expected. It had not played a significant role in the…

17.04.2025 | KPMG Law Insights

What the coalition agreement means for the financial sector

The coalition agreement between the CDU/CSU and SPD also has an impact on the financial sector. Here is an overview. Increasing the energy supply The…

17.04.2025 | KPMG Law Insights

AWG amendment provides for tougher penalties for sanction violations

Due to the ongoing Russian war of aggression against Ukraine, the EU wants to make it easier to prosecute violations of EU sanctions. The corresponding…

Contact

Dr. Rainer Algermissen

Partner
Head of Construction and Real Estate Law

Fuhlentwiete 5
20355 Hamburg

Tel.: +49 40 3609945331
ralgermissen@kpmg-law.com

© 2024 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 https://home.kpmg/governance.

 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.

Scroll