Effective September 11, 2020 the family office, Emendo GmbH, acquired 100 percent equity in Nils Holger Moormann GmbH.

The Moormann name stands for the development and sale of minimalistic, avant-garde, and timeless designer furniture of the highest quality. The distinctive, often unconventional, striking furniture creations enjoy the enthusiasm from a devoted fan base. The furniture, made out of only sustainable raw materials, is produced exclusively by regional craftsmen located within a 50 km radius. Founded in 1984 by the self-taught Nils Holger Moormann, the company has maintained its cutting edge innovative ability by consistently staying true to its own values as well as allowing young external designers to have a platform to bring their new ideas to life.

The company earns approximately 10 million euros in annual revenues with above average profitability in its industry.

The sale of Nils Holger Moormann GmbH to younger entrepreneurs allowed Nils Holger Moormann, at the age of 67, to arrange his succession. Nils Holger, along with his wife Silke Moormann, will remain on the management board until February of 2021. Thereafter, taking over an advisory role for strategy and design. Employees, business partners, local production and branding along with the location in Aschau (Chiemgau, Germany), including the logistics center and the guesthouse berge will not be impacted by this transaction.

The family office, Emendo GmbH, was founded by siblings Kristina Münnix and Christian Knorst. Having invested their own capital, they consider themselves long-term partners, who bring their knowledge and expertise to the daily management of the business.

Nils Holger Moormann engaged Aquin as the sole M&A advisor.

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