Ashurst advised ALNO AG on the attraction of Nature Home Holding Company Limited, Cayman Islands, ("Nature") as a further anchor shareholder. On 30 March 2015, Nature, a Chinese Company, listed on the Hong Kong Stock Exchange, concluded an investment agreement with ALNO AG under which it undertakes to buy 5.5 million new ALNO AG shares derived from a cash capital increase.

The German kitchen manufacturer issued 5.5 million new shares from the authorised capital with shareholders' subscription rights excluded at the issuing price of €1.05 per new share. Nature subscribed to all new ALNO AG shares. Furthermore, Nature has purchased about 1.375 million shares recently. This means it will in future hold a total of about 9.09 percent of the share capital of ALNO AG.

The capital increase provides ALNO AG with liquid funds amounting to about €5.8 million. The new capital is to be used first and foremost to push ahead with the reorientation of ALNO AG so as to deliver a sustainable improvement to the company's revenue base.

The Ashurst team comprised counsel Dr Gerrit Clasen and associate Dr Angela Loff (both corporate, Frankfurt).

ALNO AG is one of Germany's leading kitchen manufacturers, with a staff of around 2,300 employees. In financial year 2014, the company recorded a group revenue of around €545.8 million. Nature produces and sells products which include floor coverings, wardrobes, wooden doors and kitchen cabinets. The company employs about 3,500 people.