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

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