Orrick Advises Chinese Jomoo Group on Acquisition of German Poggenpohl Möbelwerke GmbH

July.16.2020

Deutsch: Orrick berät chinesische Jomoo Gruppe bei der Übernahme der Poggenpohl Möbelwerke GmbH
简体中文: 奥睿代表九牧集团收购德国Poggenpohl(博德宝)公司

Orrick has advised Jomoo Group on the acquisition of the operating business and major assets of Poggenpohl Möbelwerke GmbH, a German premium and luxury kitchen manufacturer.

Jomoo Group is 100% privately owned with headquarter located in Nan’an of Fujian Province, China. With a total workforce of 14,500 and annual sales volume reaching 1.7 billion Euro, Jomoo Group is regarded as leader in its home market for sanitary fittings, ceramics and kitchens.

Founded in 1892 in Germany, Poggenpohl is the oldest kitchen brand in the world and one of the leading international brand names in kitchen design, known in more than 70 countries worldwide for its role as pioneer in the world of kitchen making.

Jomoo Group was advised by an Orrick team led by Düsseldorf-based M&A and private equity partners Dr. Wilhelm Nolting-Hauff and Dr. Nikita Tkatchenko as well as foreign counsel Dr. Hang Xu (M&A and private equity/China Desk, Düsseldorf).

The Orrick team also included partners Dr. Christian Schröder (data privacy IT/IP, Düsseldorf) and Dr. André Zimmermann (employment, Düsseldorf), counsel Dr. Felix Schäfer (real estate, Düsseldorf) and associates Ben Boi Beetz (M&A and private equity, Düsseldorf), Dr. Arne Fischer (M&A and private equity, Düsseldorf), Marianna Karapetyan (employment, Düsseldorf), Dennis Schmidt (data privacy IT/IP, Düsseldorf), Julius Schradin (antitrust and competition, Düsseldorf).