Clifford Chance has advised Norddeutsche Landesbank on the financing of the acquisition of Boards & More Group by the German private equity fund EMERAM Capital Partners.

The seller is the Swiss investment holding company Airesis SA which acquired Boards & More in 2005.

Based in Molln, Austria, Boards & More is one of the world's leading producers of kite surfing, windsurfing and stand up paddling equipment and holder of market leading brands such as North Kiteboarding, Northsails, ION and Fanatic.

The Clifford Chance team comprised partner Thomas Weitkamp (Munich), senior associate Rafael Lamlé (Frankfurt) and associate Sabine Gröbner (Munich) – all Banking & Capital Markets.

Clifford Chance cooperated with partner Dr. Christoph Wildmoser from Viennese law firm Herbst Kinsky in rendering advice on the Austrian-law aspects of the transaction.