Clifford Chance has advised an investment consortium led by kitchen manufacturer Nobilia on its acquisition of Pino from the insolvent Alno Group. The deal is subject to approval from antitrust authorities.

Pino is Alno's entry-level brand and is designed for the lower end of the market. The Pino range consists primarily of flat-packed and home-assembly products.

Nobilia produces a total of 630,000 kitchens a year, making it one of the largest kitchen manufacturers in Europe and the market leader in Germany. The company, based in northern Germany, generated turnover of more than EUR 1.018 billion in FY 2015. It currently employs around 2,795 people.

The Clifford Chance team comprised partner Dr. Christof-Ulrich Goldschmidt and associate Dr. Corinna Rogmann (both Corporate/M&A), counsel Dr. Cristina Weidner and associate Dr. Artur Swierczok (both Insolvency), partner Markus Böhn and associate Stephanie Große (both Real Estate), partner Dr. Stefan Simon and senior associate Dr. Christopher Fischer (both Employment Law) - all Frankfurt, partner Dr. Claudia Milbradt and associate Nicolas Hohn-Hein (both IP, Düsseldorf), partner Marc Besen (Brussels/Düsseldorf) and associates Ulrich Pfeffer and Caroline Slusarek (both Düsseldorf, all Antitrust) as well as partner Olaf Mertgen (Tax, Frankfurt).