Milbank LLP has advised a consortium of German entrepreneurs on the acquisition of the German premium upholstered furniture manufacturer Rolf Benz. The consortium is represented by entrepreneur Frank Niehage, who is also expected to assume the role of Chairman of the Supervisory Board of Rolf Benz. The transaction remains subject to customary closing conditions and is expected to be completed in the coming weeks. The parties have agreed not to disclose the purchase price.
Founded in 1964, Rolf Benz is a leading premium manufacturer of upholstered furniture with a strong commitment to “Made in Germany”. Rolf Benz manufactures exclusively in Germany and distributes its products internationally through a selective retailer network as well as its own brand formats. In addition to the core Rolf Benz brand, the portfolio includes the freistil and creation brands, along with a growing contract business.
The Milbank team advising the consortium on the acquisition of Rolf Benz was co-led by partners Michael Bernhardt and Sarah-Maria Resch (both Corporate/M&A) and included partner Matthias Schell (Tax), special counsel Daniel Illhardt, as well as associates Steffen Post, Hendrik Gäbler (all Corporate/M&A), and Nikolas Wolf (Tax).
