Orrick has advised leading Chinese furniture producer KUKA Home (Jason Furniture (Hangzhou) Co., Ltd.) on the acquisition of luxury furniture producer Rolf Benz from German furniture manufacturer Hüls Group.
A leader in China’s home furnishing industry, KUKA Home specializes in the research, development, production and marketing of household products for the living rooms, bedrooms and dining rooms of families around the world. KUKA household products are exported to over 100 countries and regions worldwide, inter alia through over 3,000 brand monopolized shops.
Founded in 1964, Rolf Benz from Baden-Wuerttemberg is an internationally renowned furniture brand and one of the pioneers in design culture.
Germany’s Hüls Group is one of the leading suppliers of high-quality furniture and interior building materials, famous for its leading furniture brand hülsta.
KUKA Home was advised by an Orrick team in Germany led by partner Wilhelm Nolting-Hauff and foreign counsel Hang Xu (both M&A / China Desk), with support from partners Christoph Rödter (M&A and Private Equity), Christian Schröder (IP/IT, Data Protection), Stefan Schultes-Schnitzlein (Tax), and André Zimmermann (Employment); counsel Felix Schäfer (Real Estate); and associates Vanessa Sousa Höhl, Johannes Josef Rüberg, Christoph Wenderoth (all M&A and Private Equity), Robert Weinhold (IP/IT, Data Protection), and Louisa Kallhoff (Employment).
Orrick’s German China Desk frequently advises Chinese companies on their investments in Germany, such as the acquisition of COTESA by a new materials industry fund in 2017 and the contemplated acquisition of then Rolf Benz subsidiary RUF Betten by a Chinese investor in 2016.