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Lending and borrowing in Germany

Hengeler Mueller

Receiving instructions from lenders and borrowers, Hengeler Mueller handles the full spectrum of syndicated loans and acquisition finance and has particular expertise in large-scale corporate loans. Recently, the team has been particularly active advising on Covid-19-related corporate loans and those pertaining to rescue lines under KfW's special programmes, but has also increased its market share in leveraged acquisition finance work for private equity firms, most notably in the mid-cap segment. The team's work is based on close cooperation with colleagues from the M&A, restructuring and insolvency teams, translating into wide-ranging advisory capabilities at these intersections. Johannes Tieves is a key contact for restructuring-related matters but also advises on syndicated loans, high-yield bonds and hybrid financing, while Nikolaus Vieten handles, among other matters, financing issues that arise from M&A transactions. Daniela Böning is a key contact for promissory note loans.

Testimonials

' Very good accessibility, good coordination in the team. Fast response and feedback at all times. '

' Very competent contact, technically absolutely convincing. '

Latham & Watkins LLP

Latham & Watkins LLP's broad client base consisting of sponsors, banks, corporates and debt funds is indicative of the team's wide-ranging practice, which also benefits from its cooperation with colleagues from the banking and finance, DCM, ECM, high-yield and restructuring practices. This interplay is also reflected in the practice lead: Frank Grell heads the German restructuring and insolvency group as well as the German finance team, while Alexandra Hagelüken serves as vice chair of the firm's global finance department and, considering this international orientation, also advises on matters under English law. These synergies translate into extensive advisory capabilities on credit and acquisition finance, takeover finance, financial restructuring and general corporate loans. Sibylle Münch, who demonstrates particular expertise in the area of (secured) promissory note loans, is another key contact.

Testimonials

' Very good reputation. Broad team. '

'' High level of client orientation. '

'' Excellent understanding of the needs of corporates – ability to present complex issues in an understandable manner; pragmatic approach and cost discipline. '

' People with bite. '

'In my opinion, Latham & Watkins has the leading financing team in Germany. There are the following reasons for this: 1) the high number of deals, as a customer you always get the latest interpretation and market intelligence; 2) the team covers the full range of transactions: both by size and by financial instrument; 3) support from the partner; 4) you break new ground and work on creative solutions. '

' Alexandra Hagelüken is an integral part of the German financing market and it is impossible to imagine life without it. Extremely experienced, diverse, competent and innovative. It is commercial and thinks for itself. Suggests pragmatic solutions, always a pleasure to work with. '

' Alexandra Hagelüken: Very experienced, very fast, very solution-oriented, pleasant to work with. '

' Thomas Weitkamp: For me one of the best MidCap partners in Germany. Very competent, fast, precise and always solution-oriented. Communicates openly, has strong customer relationships and a high level of competence, especially in the LBO market. '

Key clients

3i Group

ADO Properties

Alcentra Limited

Allgeier SE

Amira Partners

Apera Asset Management

Ardian

Ares

Banco Santander

Bank of Ireland

Bayerische Landesbank

Befesa

Berenberg Bank

BlackRock

BNP Paribas

Bregal

Bundesverband deutscher Banken

Capvis Equity Partners

CAPZA

Cheplapharm Arzneimittel GmbH

Chequers Capital

Commerzbank

CVC Credit Partners Investment Management

Deutsche Apotheker- und Ärztebank eG

Deutsche Bank AG

Deutsche Intensivpflege

DPE Deutsche Private Equity

DZ Bank

EMH Partners GmbH

Equistone

EQT Partners

Ergon Capital Partners

Evercore

Findos Investor

FSN Capital

Goldman Sachs

HgCapital

IK Investment Partners

J.P. Morgan

Landesbank Baden-Württemberg

Lindsay Goldberg

Morgan Stanley

Nord/LB Norddeutsche Landesbank Girozentrale

Novem Car Interior Design GmbH

Oiltanking GmbH

Oldenburgische Landesbank

One Equity Partners

Partners Group AG

Pemberton

Permira Debt Managers

Societe Generale

UniCredit Bank AG

Work highlights

  • Banking consortium: Advice on the provision of a credit line of € 1.8 billion for the travel group TUI by KfW.
  • Deutsche Bank AG: Advice on a promissory note for Supernova Invest GmbH.
  • EQT: Advice on the financing agreements to start exclusive negotiations on the acquisition of Schülke & Mayr GmbH.

Allen & Overy LLP

Allen & Overy LLP's integrated banking, finance and capital markets practice demonstrates particular strength at these intersections. During the research period, the team advised DAX 30 and other blue chip companies as well as large corporations on strategic financings and refinancings. Practice head Walter Uebelhoer has a focus on syndicated and leveraged finance transactions as well as on financing mandates at the restructuring interface. In addition to borrowers, the team's client portfolio also includes many investment banks, debt funds and sponsors, who receive regular advice on the full spectrum of mid-cap and large-cap LBOs and MBOs alongside various other forms of financing. With John Coburn, the team is well placed to handle matters under English banking law.

Practice head(s):

Walter Uebelhoer

Testimonials

' Very high level of expertise and market knowledge. '

'' Strong leadership quality in the process. '

' Thomas Neubaum: Always available, quick response, quality, high added value in negotiations. '

Key clients

Bencis Capital Partners

Bridgepoint Europe IV Fund

CABKA Group GmbH

Commerzbank AG

European Investment Bank

Hapag Lloyd AG

HSBC

IHO Holding GmbH & Co. KG

ING Bank AG

IONITY GmbH & Co. KG

KWS SAAT SE

Landesbank Hessen-Thüringen (Helaba)

One Equity Partners

Riverside Europe Partners LLC

SAP SE

Sartorius AG

SGL Carbon

UBS

UniCredit Bank AG

Volkswagen AG

Work highlights

  • KWS SAAT SE: Advising one of the world's leading plant breeding companies on the syndicated financing of the acquisition of Pop Vriend Seeds.
  • Banking consortium: Advising on a syndicated financing for Wintershall Holding GmbH and Wintershall Norge AS in the amount of € 6.45 billion.
  • Riverside: Advice on the financing of the acquisition of Bike24 GmbH and Bridgepoint and the management of the sale of Bike24 GmbH to a subsidiary of The Riverside Company and all related financing issues.

Clifford Chance

Clifford Chance advises a client base consisting of banks, private equity investors, direct lending funds and corporates on national and international acquisition and corporate finance, restructurings, refinancings and recapitalisations as well as on the takeover financing of listed companies (including public-to-private transactions). This spectrum is not least based on the team's interdisciplinary approach and cooperation with various other offices within the firm's network. Bettina Steinhauer, who handles cross-border financings, such as mezzanine and high-yield financings and public-to-private transactions, alongside infrastructure and real estate finance, shared this sector focus with former team co-head Barbara Mayer-Trautmann, who joined Milbank at the end of 2020.

Practice head(s):

Bettina Steinhauer

Other key lawyers:

Steffen Schellschmidt

Testimonials

' One of the top teams in Germany with the ability to effectively support the most complex financing structures for investors. '

'' Excellent know-how for financing agreements (loan and collateral agreements), high degree of flexibility, very good customer orientation while still striving for an agreement in negotiations, fast response times. '

'' High degree of flexibility in terms of time and content, constructive and pragmatic in handling, cost-oriented, well-founded specialist know-how, friendly and cooperative. '

'' In- depth understanding of the matter; through the office network able to bring a pan-European perspective. '

' Steffen Schellschmidt was a great help. Strong commitment and deep understanding of credit law issues. '

Linklaters

Linklaters stands out for its capabilities handling work at the interface between M&A and corporate law, which is handled in close cooperation with colleagues from the respective practices. Neil George Weiand is the main contact for matters at this intersection and advises large national and international corporates on syndicated loans, acquisition finance, the financing of group restructurings and promissory note loans. While practice head Marc Trinkaus also acts for borrowers, his continued focus lies on advising banks on syndicated loans and acquisition finance, including sustainable finance issues such as green loans; the team as a whole also assists corporates with these issues. The leveraged finance field takes an equally central position, expressed in mandates from financial sponsors and capital providers, as does restructuring and insolvency-related advice. Managing associate Przemyslaw Lipin handles the full financing spectrum and has recently been particularly active in Covid-19-related matters such as KfW and liquidity financing.

Practice head(s):

Marc Trinkaus

Testimonials

' Outstanding specialists in a small but very good team. '

' The team around Neil George Weiand creates added value not only through their high level of technical expertise, but also through their very good knowledge of the market. The strong market knowledge in combination with the technical expertise make the team so helpful. '

' Neil Weiand: Excellent position in the market for many years. Fast thinker, impressive presence in negotiations, technically excellent. '

' Neil George Weiand: His keen sense for the market, and his time at Deutsche Bank certainly helps. Not to mention the technical expertise. He also takes the trouble to think about the client and their worries and needs. In addition, I am always surprised how well he knows his clients' contracts – even years later without a long training period. '

' Urs Lewens: Precise, technically top-class and service-oriented. '

' Urs Lewens: More and more follow in the footsteps of his “foster father” Neil George Weiand and gain more and more sovereignty. Like Mr. Weiand, Mr. Lewens is very pleasant to work with. Always determined but also well enough to know when it is time for a compromise. In this way, he creates added value for the client because he does not have to insist on his opinion. '

' Marc Trinkaus: Experienced, available, very sociable, goal and result-oriented. '

' Because of the applied English law, Michal Hlásek was our partner. We are very satisfied with Mr. Hlásek. Always available, great commitment and very good legal advice. '

Ashurst LLP

Ashurst LLP demonstrates particular expertise in small and medium-sized LBO financing and has been increasingly active in the large-cap corporate finance sector. Debt funds in particular, which make up a large part of its client portfolio, receive regular advice on first-out/last-out structures, while another large share of its work pertains to finance and refinance mandates in the German nursing care market. In other work, the team has been receiving an increasing number of instructions from sponsors as borrowers. This segment received a boost with the arrival of Matthias Weissinger from Shearman & Sterling LLP in April 2020, who is well versed in handling matters at the intersection of financing transactions and restructurings. Anne Grewlich heads the practice and provides wide-ranging advice on LBOs and corporate lending.

Practice head(s):

Anne Grewlich

Gleiss Lutz

In January 2020, Kai Arne Birke took over the lead of Gleiss Lutz's practice from Helge Kortz, who remains one of the team's key figures and, like Birke, is not only well versed in banking and finance but also in capital markets law. In close conjunction with the corporate, M&A and restructuring practices, the team assists lenders and borrowers with large group financings, LBO financings and promissory note loans as well as with restructuring and insolvency-related matters. This wide-ranging offering is complemented by experience in real estate, project and asset finance. Frank Schlobach, whose client portfolio includes corporates, financial institutions and private equity firms, and corporate finance specialist Eva Reudelhuber are other key members of the team.

Practice head(s):

Kai Arne Birke

Testimonials

' Frank Schlobach shines with profound knowledge and pragmatic solutions. Very valued consultant with a lot of experience and also familiar with the details of transactions for a long time. '

Key clients

Deutsche Beteiligungs AG

Europäische Investitionsbank

Morgan Stanley

J.P. Morgan

PUMA SE

KKR und seine Portfolio-Gesellschaft Q-Park

Robus Capital / Whitebox

Steinhoff Europe AG

Zeppelin Group

Wieland Werke AG

Work highlights

  • J.P. Morgan Securities LLC und Morgan Stanley & Co. LLC: Advising Thermo Fisher as Financial Advisors on certain German law issues in connection with the financing of a planned takeover of the Dutch diagnostics specialist QIAGEN.
  • Robus Capital and Whitebox: Advice as a lender and plan sponsor on the financing of Gerry Weber as part of the insolvency plan procedure.
  • Wieland Werke Aktiengesellschaft: Advising on the financing of the acquisition of the US company Global Brass and Copper Holdings Inc. (GBC). In addition, advice on refinancing the bridging loan in connection with the takeover and the existing syndicated loan. The self-arranged refinancing consists of a syndicated loan worth billions of euros as well as various promissory notes with different terms.

Milbank

Milbank primarily advises banks, debt funds and other lenders but also acts for financial investors and corporates in acquisition financing. These mandates regularly feature cross-border elements and involve capital market products. Managing partner Thomas Ingenhoven's expertise in financial derivatives plays a key role in this space, as does Mathias Eisen's know-how in bond issues and combined bank and bond financings. Assisting investment-grade and sub-investment-grade borrowers with corporate finance and refinance constitutes another key element of the practice, which received a significant boost with the arrival of Barbara Mayer-Trautmann, who co-headed the finance practice at Clifford Chance until the end of 2020. Mandates within this space include refinancings linked to IPO preparations and restructuring-related matters.

Practice head(s):

Thomas Ingenhoven; Mathias Eisen

Other key lawyers:

Barbara Mayer-Trautmann

Testimonials

'' Small, highly qualified and intelligent team, efficient collaboration, solution-oriented, pragmatic and comprehensive approach (marginal issues / effects are included), strong customer orientation, very good communication / exchange, excellent industry knowledge, collaboration is a pleasure. '

' Milbank is particularly competent in structured finance and is characterized by a high level of technical expertise and extensive knowledge of the market. Complex structures are quickly penetrated and excellent advice is provided based on this. '

' The specialized financing team understands what is important, even in the most complex transactions. Obviously, they do not see themselves only as lawyers, but penetrate all economic relationships down to the smallest detail. The team can be reached at any time and impresses with its profound expertise and reliability. Whether medium-sized German financing, international transactions with London and New York or a promissory note transaction – the team always guarantees the best quality with real added value for every deal. '

' Strong team at all levels with consistently high performance and high focus. '

'' Above-average know-how, outstanding ability to grasp economic issues immediately, to sketch solutions and to implement them in negotiations. Very good internal Milbank coordination. Excellent cooperation with bank lawyer in the overall interest. 24/7 support at partner and employee level. '

' Thomas Ingenhoven has been one of the best partners in German financing practice for years, extremely quick perception / intelligence, strives for the best solution for the customer, pragmatic approach, good risk / opportunity balance, excellent industry knowledge, cooperation is great pleasure. '

' Thomas Ingenhoven is certainly one of the outstanding partners in the banking / financing area. He is characterized by reliability, speed and, above all, extensive knowledge that he can convey in a simple and understandable way. At the same time, he negotiates very well and can adapt extremely well to the negotiating partners. '

' Thomas Ingenhoven: With his extraordinary legal knowledge, his speed and his many years of experience, Thomas Ingenhoven is in a class of his own. In addition to extensive expertise in economic issues, he is characterized by his outstanding negotiating skills. What I particularly appreciate about him is that he not only acts as a lawyer, but also as an advisor and gives clear recommendations for action – also beyond the legal area . '

' Thomas Ingenhoven grasps the issues very quickly and from a holistic perspective. The negotiations are supported / led by him in an absolutely professional manner. '

' Thomas Ingenhoven is highly professional, efficient, reliable, strong negotiator, blessed with commercial understanding and pragmatism, which makes him a real success factor, especially on difficult mandates. '

' Barbara Mayer-Trautmann impresses with her razor-sharp mind and pragmatic approach – excellent work is being done here. Absolute recommendation! '

Key clients

Advent International

Ardian

Axel Springer SE

Bayerische Landesbank

Commerzbank AG

DZ Bank AG

FUNKE Mediengruppe GmbH & Co. KGaA

H.I.G. Capital

HSBC Burckhardt & Trinkaus AG

ING Bank

Joh. Berenberg, Gossler & Co. KG

Körber AG

Pemberton Capital Advisors LLP

ProSiebenSat.1 Media SE

Triton

UniCredit Bank AG

Work highlights

  • Unicredit Bank AG and ING Bank: Advising on the comprehensive refinancing of Oiltanking GmbH and Oiltanking Finance BV with a total volume of € 1.5 billion.
  • Lender: Advising on the provision of bank / bridge / bond financing for the multi-billion dollar offer from Brookfield for ThyssenKrupp's elevator business.
  • AVS Group: Advising the Triton portfolio company on the financing of its acquisition of a majority stake in the Belgian Fero Group and the refinancing of its existing syndicated loan.

Noerr

Noerr's team plays to its strengths in advising on mid-market financing and real estate transactions. In this regard, the team typically acts for national and international banks as well as alternative lenders and PE sponsors, while also increasingly handling instructions from borrowers. Increasingly, these mandates involve restructuring elements; an area of particular expertise for practice head Andreas Naujoks, who also advises banks and borrowers on corporate and real estate finance, and for Torsten Wehrhahn, who made partner in January 2020. Finance law specialist and LBO expert Tom Beckerhoff moved to Berenberg Bank in April 2020.

Practice head(s):

Andreas Naujoks

Other key lawyers:

Nikolai Warneke;  Torsten Wehrhahn

Testimonials

The deal team worked very well together across the board. Regulations on sanction topics were reworked in several loops. The cooperation has always been productive.

Large team with well-informed partners and many associates who can process many deals at the same time.

Very committed; economic thinking.

Assertive; thinks very well into the client’s industry.

Pragmatic, solution-oriented and close to medium-sized companies.

Good team composition. Teams are put together in such a way that the weaknesses are eliminated. Ability to think outside the box for solutions.

Andreas Naujoks: Puller in the team composition, very quick perception, acts according to the situation and not according to the manual. Solution-oriented work.

Torsten Wehrhahn has incredibly good specialist knowledge.

Torsten Wehrhahn was in charge of our transaction and coordinated the Noerr team excellently. His knowledge of the market was of great value in the negotiations.

Key clients

Deutsche Bank

Commerzbank AG

Postbank

Scout24

Bayern LB

Condor Flugdienst GmbH

Fosun International

Noventi

Gubor Schokolade

Unicredit

IAV GmbH

Wirecard

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft

Work highlights

  • Financing banks of the insolvent Euromicron AG: Advice on the successful sale of the 16 domestic and foreign subsidiaries.
  • Commerzbank Aktiengesellschaft: Advice on the financing of the tourism company HRS Group; Advising the lenders on the financial restructuring of the Auto -teile-Pöllath Handels GmbH (ATP) group and the equity participation of investors.
  • Condor Flugdienst GmbH: Advice on the € 380 million bulk loan agreement of KfW and further financing in the amount of € 550 million.

Shearman & Sterling LLP

The Shearman & Sterling LLP team has particular expertise in mid-cap leveraged finance transactions and has recently advised on several traditional bank financings as well as unitranche financings, including cross-border transactions. In cross-border work, the team frequently calls upon its colleagues from within the firm's network, most notably from the London, Paris and New York offices. The team receives instructions from lenders, borrowers and sponsors; this client portfolio was further expanded in the private equity and debt fund sectors, which is not least thanks to the expertise of practice co-head Winfried Carli in this area. He jointly heads the practice with Esther Jansen, wo regularly acts for financial institutions, corporates and investors. In April 2020, Matthias Weissinger, who acts at the interface between financing transactions and restructuring, moved to Ashurst LLP.

Practice head(s):

Esther Jansen; Winfried Carli

Testimonials

' Very well-rehearsed team. '

' Excellent expertise and experience. '

' Winfried Carli: Very good know-how and network. '

Key clients

Allgaier Automotive

Arcmont (vormals Bluebay)

Ardagh Gruppe

Ares Management Limited

Armira

Bank of America

BayernLB

Berenberg Bank

BIP/Luxempart

BlackRock

BNP Paribas

CAPZA

Commerzbank

Deutsche Apotheker- und Ärztebank

EMERAM Capital Partners GmbH

EOS Capital Partners

EQT Credit

Equistone Partners Europe

IK Investment Partners

Kreissparkasse Bieberach

Lamont Capital

LBBW

OLB (Oldenburgische Landesbank)

Permira

Silverfleet Capital

TELUS International

Trivium Packaging

UBS AG

UniCredit

VIA Equity

Work highlights

  • EQT Credit, SEB and Hamburg Commercial Bank: Advising on a € 331 million unitranche financing for the Alanta Health Group, a portfolio company of IK Investment Partners.
  • Commerzbank: Advice on the financing of the acquisition of EA Elektro-Automatik by Bregal.
  • Equistone Partners Europe: Advice on acquisition financing for Omnicare.

White & Case LLP

In acquisition finance, White & Case LLP's clients - many of them banks and other lenders - benefit from the team's close ties to the firm's high-yield practice as well as from its German, English and New York law capabilities, leading to regular mandates on cross-border transactions. Vanessa Schürmann, who heads the English law bank and finance practice, is a key contact for matters at the high-yield intersection. Advising on structured corporate finance, including refinancing and restructuring, is another key area of expertise for the team led by Florian Degenhardt, who also leads the firm's project finance practice from Hamburg. He is supported by Sebastian Schrag, whose focus lies on corporate finance and restructuring and who made partner in January 2020. Leveraged finance expert Andreas Lischka was elevated to the partnership at the same time.

Testimonials

' A very well coordinated team, which is always up to date with the latest developments. Accordingly, there is no team member who has a different level of knowledge than another. In addition, there is a very high availability and extremely fast response time to inquiries. The team makes proactive suggestions and solutions at all times. All advantages and disadvantages are always highlighted and a clear preference / opinion is always expressed, which gives me as a client important assistance. '

' Always easy to reach; creative solutions; very high professional and personal competence. '

' The team is technically good, up to date with the latest market developments; great team; works from a single source with other teams. '

' Fast availability; quick grasp; Fast reaction time; high professionalism; broad expertise; considerable track record. '

' Florian Degenhardt knows how to represent and reflect on our position. Proactive way of working. Independent approach beyond the normal. Absolutely honest and reliable. '

' Andreas Lischka deserves special mention here. He can understand the most complex issues in the shortest possible time and view them from every angle. Much more important – for me as a client – he breaks it down to the essential key points. We have already covered a large number of products with it. During the negotiations he always gave the right input and was determined and correct in the matter. He knows how to successfully support and advance negotiations. He is very committed and available at any time and answers in the shortest possible time. '

Key clients

ADO Properties

ADLER Real Estate AG

ING

ABN

Rabobank

Jefferies

Credit Suisse

HSBC

UniCredit

Barclays Bank

Deutsche Bank

J.P. Morgan

The Royal Bank of Scotland (NatWest Markets)

SEB AB (Skandinaviska Enskilda Banken AB)

Deutsche Pfandbriefbank AG

Deutsche Bank

ADLER Real Estate AG

Work highlights

  • ADO Properties SA: Advising on a financing of € 3.463 billion in connection with the voluntary public takeover offer for all shares in ADLER Real Estate AG as well as a corporate cooperation agreement and a put / call option in relation to Consus Real Estate AG.
  • Banking consortium consisting of Goldman Sachs International Fonds, Commerzbank AG and LBBW: Advising on a Term Loan B and a revolving credit facility for Boels Topholding BV
  • Goldman Sachs International Fund, Commerzbank AG and LBBW: Advising lenders on the € 425 million financing for the acquisition of a stake in All4Labels – Global Packaging Group (All4Labels) through funds managed by private equity investor Triton; as well as to adjust financing to enable add-on acquisitions.

CMS

CMS' financing practice receives a steady deal flow of acquisition and corporate finance alongside refinancing mandates from lenders and borrowers, while the team is also experienced in real estate finance. Handling restructuring-related matters constitutes another key element of the practice, which has recently led to several mandates from listed companies that required assistance with the application for and integration of KfW loans. Markus Pfaff and Marc Seibold, who cover the full spectrum of corporate, acquisition and real estate finance, jointly head the practice, which includes André Frischemeier. He was elevated to the partnership at the beginning of 2020 and advises banks and borrowers on the full range of financing matters with a focus on the corporate and real estate sectors and also provides assistance with financial restructurings.

Practice head(s):

Markus Pfaff; Marc Seibold

Hogan Lovells International LLP

Hogan Lovells International LLP handles acquisition finance and corporate loans as well as real estate, trade and export finance, and, given the growth of its banking group in Paris, has been increasingly active for French clients and in France-related mandates. In addition, the team has been able to expand its work for alternative lenders, who form part of the practice's client base alongside banks and borrowers. The team itself is also growing: In September 2019, Bianca Engelmann joined from Allen & Overy LLP; she advises on acquisition finance, investment grade finance and general corporate finance as well as on promissory notes. Practice head Katlen Blöcker covers an equally broad spectrum of financing work and is a key contact for financing restructurings.

Practice head(s):

Katlen Blöcker

Key clients

AkquiVest GmbH

BNP Paribas

Egeria

UniCredit

LBBW

OLB

Swissport Group S.à r.l.

Norddeutsche Landesbank

Work highlights

  • AkquiVest GmbH: Advice on the financing of the takeover of the European AV group by Ufenau.
  • BNP Paribas: Advice in connection with the financing confirmation in relation to the voluntary public offer by Atlas Copco to the shareholders of ISRA VISION AG at an offer price of € 50 per share, which corresponds to an enterprise value of € 1.1 billion.
  • UniCredit and the other participating banks LBBW and OLB: Advice on the financing of the takeover of the German flat roof specialist alwitra by the French investment company Naxicap Partners.

Norton Rose Fulbright

Norton Rose Fulbright's focus lies on handling instructions from banks but the team also acts for corporates. As well as advising on acquisition finance and corporate loan transactions, for which practice head Oliver Sutter is a key contact, the team is also well versed in asset and project finance. With the arrival of Regina Rath from Simmons & Simmons in February 2020, the practice was able to strengthen its capabilities in restructuring finance. One month earlier, Bernhard Fiedler, who handles acquisition finance, real estate and corporate loan transactions alongside recapitalisations, made partner, while, in July 2019, credit financing and capital markets transaction specialist Nadine Bourgeois left the firm to join Luther Rechtsanwaltsgesellschaft mbH.

Practice head(s):

Oliver Sutter

Testimonials

'' Pragmatic way of working, without excessive costs. '

' Very good price-performance ratio. Easily understandable addressing of customers. Fast reaction. Very good partner visibility. Caps are always adhered to. '

' Andrea Spellerberg: Pragmatic way of working and solutions. '

Key clients

American Realty Capital

Bayerische Landesbank

Bjerkreim Vind (Luxcara)

BNP Paribas S.A.

COMMERZBANK Aktiengesellschaft

Deutsche Bank

DISA Assets Limited (3i)

DVB Bank SE

HSBC Trinkaus & Burkhardt AG

ING Bank

Invesco Real Estate

KfW IPEX-Bank

Landesbank Baden-Württemberg

Nordex SE

Norsk Vind Skinansfjellet AS/Luxcara

Profond Anlagestiftung

Real I.S.

VR Equity Partner GmbH

Work highlights

  • BNP Paribas SA branch in Germany: Advice on the development of new credit products for ultra-high-net-worth individuals.
  • KfW IPEX-Bank and other lenders: Advising on the financing of two cruise ships for Genting Hong Kong Ltd. and their brand Dream Cruises.
  • KfW IPEX-Bank GmbH: Advising on the financing of 490 Daimler buses for public transport in the Chilean capital Santiago de Chile in a transaction valued at around $ 100.5 million.

Taylor Wessing

Taylor Wessing's financing offering covers acquisition finance, corporate finance and restructuring as well as real estate and project finance, leading to regular instructions from lenders and borrowers. This includes banks, corporates and private equity firms. In the private equity space, the team's focus lies on the mid-market segment, where mandates are frequently handled in corporation with the firm's M&A practice. Ulf Gosejacob, who made partner in May 2020, is a key contact for this client base, but he also advises financial investors and financial institutions on acquisition finance, restructurings and corporate finance. Peter Seemann heads the practice from Hamburg and has a specialism in real estate and project finance.

Practice head(s):

Peter Seemann

Testimonials

' Very good finance team with a high standard and a pragmatic style as well as very pleasant conversation. '

' Good and solid performers. '

' Ulf Gosejacob: Very pragmatic and commercial; pleasant conversation partner. '

' Clemens Niedner: Excellent communicator, very well-founded advice. '

Key clients

Bayerische Landesbank

Norddeutsche Landesbank

Hamburg Commercial Bank

Landesbank Hessen-Thüringen

Landesbank Baden-Württemberg

Deutsche Bank

DZ Bank

Kreissparkasse Biberach

Kreissparkasse Esslingen-Nürtingen

Oddo BHF Bank

LFPI European Debt Fund

Cordet Capital Partners

H.I.G. Europe

Steadfast Capital (inzwischen Borromin Capital Management)

Deutsche Beteiligungs AG

Nord Holding

Oberberg

Trilantic Capital

Silver Investment Partners

VR Equitypartner

WTI

Vapiano

Work highlights

  • Vapiano: Advice on a cross-border financial restructuring including aspects of stock corporation and insolvency law.
  • H.I.G. Europe: Advising on the financing of the acquisition of Covestro's European system house business. The acquisition was financed by Apera, a pan-European mid-market debt fund, and Siemens Bank. Also advised HIG Europe on the financing of the acquisition of the companies Meyra Group SA and Alu Rehab A / S. The takeover is being financed by Apera, a pan-European mid-market debt fund, and Deutsche Apotheker- und Ärztebank eG as part of a tailor-made financing package.
  • Oberberg Group: Advice on how to successfully refinance your previous credit lines. In addition, the new financing also serves to purchase add-on acquisitions.

Baker McKenzie

Baker McKenzie has a focus on advising national and international banks but also acts for several corporates. In conjunction with various other practices and offices, the team provides assistance with national and international transactions such as acquisition and corporate finance alongside real estate and project finance in the energy sector. Practice head Oliver Socher regularly takes the lead in financing transactions and primarily acts for banks.

Practice head(s):

Oliver Socher

Testimonials

' Baker McKenzie's banking team is in an excellent position and has experienced lawyers who have worked in the field for years. This continuity and the related sector experience paired with solid specialist knowledge is of inestimable value. In addition, there is Baker McKenzie's international network, which offers great added value, especially in cross-border transactions. '

' The banking team at Baker McKenzie, especially Oliver Socher and Kathrin Marchant, are very experienced lawyers and an extremely well-coordinated team. Above all, the very good understanding of the product and many years of experience are unique in the market and important factors for the success of a transaction. '

Key clients

Weatherford

Bayerische Landesbank

Grover

Credit Suisse

Commerzbank

ING Bank

Europe Arab Bank

Danske Bank

Proventus

Landesbank Baden-Württemberg

Berlin Hyp AG

SumUp

Work highlights

  • Bavarian Landesbank: Advising on a € 180 million credit facility to finance the construction of the two stages of a 200MW wind power plant in the Zaporizhia region of Ukraine.
  • Weatherford: Advice on the German part of the exit financing, the completion of the financial restructuring and the termination of Chapter 11 protection.
  • Grover: Advising the Berlin start-up on new asset-backed financing.

Heuking Kühn Lüer Wojtek

In February 2020, Michael Neises joined Vinzenz Bödeker in heading Heuking Kühn Lüer Wojtek's team. Both partners cover the full spectrum of banking and finance work including various associated areas such as corporate and M&A, as well as, in Neises' case, capital market law and restructuring. Its capabilities at the intersection with private equity and venture capital received a boost with the arrival of Sandra Pfister from Bryan Cave Leighton Paisner LLP in March 2020. The practice's financing offering, which is tailored to the needs of German SMEs but also increasingly addresses the needs of lenders, includes acquisition and corporate finance as well as real estate and project finance.

Testimonials

Very high level of commitment and great availability.

Always available.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP's finance practice assists its clients, most notably borrowers but also lenders, with domestic and cross-border transactions, such as large takeovers, and does so in regular cooperation with colleagues from the M&A and PE teams. Its cooperation with the latter group also leads to regular private equity-related instructions. Practice head Johannes Kremer is not only the key contact for financing matters but is also well versed in regulatory issues.

Practice head(s):

Johannes Kremer

Other key lawyers:

Jörg Hanke; Matthias Horbach

Key clients

AGRAVIS Raiffeisen AG

Wells Fargo Bank, National Association

Credit Suisse AG

Hillenbrand, Inc.

Joyson Safety Systems

KAP AG

Manitowoc Company, Inc.

Standard Chartered Bank

F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A.

SCP Group

Work highlights

  • Coty Inc.: Advising the US cosmetics group in connection with the sale of the shares in the Wella group to the private equity investor KKR.
  • SCP Group: Advice in connection with the acquisition of 100% of the shares in the real group from METRO AG.
  • Credit Suisse Energy Infrastructure Partners AG: Advising on the financing of the takeover of 25% of the Arkona offshore wind farm from Equinor ASA.

Luther Rechtsanwaltsgesellschaft mbH

Luther Rechtsanwaltsgesellschaft mbH advises banks and debt funds on acquisition finance and assists corporates with the extension of financing structures and financial restructurings as well as with Covid-19-related financing transactions. The firm's Hamburg office is well equipped to assist with project finance matters, while, in real estate finance, the team works closely with its Luxembourg colleagues. Practice head Christoph Schauenburg advises on the full spectrum of banking and finance law and has been supported by Nadine Bourgeois since July 2019 when she joined the team from Norton Rose Fulbright. She acts for borrowers and lenders in corporate, acquisition and real estate finance alongside related restructuring transactions.

Practice head(s):

Christoph Schauenburg

Other key lawyers:

Alexander Wojtek; Nadine Bourgeois

Testimonials

Christoph Schauenburg is our trustworthy and commercially minded advisor on questions of German banking and finance law. He supports us in structuring, negotiating and documenting syndicated loans, acquisition and project financing as well as factoring transactions. He also advises on non-performing loans and restructurings.

Christoph Schauenburg: high level of expertise also in the area of DCM.

Key clients

Idinvest Partners

UNIWHEELS Gruppe

Südwestbank AG

Raiffeisenlandesbank Niederösterreich-Wien AG

FIEGE-Gruppe

SüdFactoring GmbH

Banco Santander S. A.

Beechbrook Capital

TRIMET Aluminium SE

Halder Private Equity

AlphaPet Ventures

Work highlights

  • AlphaPet Ventures: Advising on taking up an acquisition financing as a unitranche financing for the acquisition of Healthfood24 GmbH.
  • Halder: Advice on financing aspects of the acquisition of Valeta AG, Drumag Fluidtechnik and EPH Elektronik.
  • Beechbrook Capital: Advising on a mezzanine acquisition financing to Rigeto for the add-on acquisition by the Dermedis Group in a majority stake in Clinique Matignon.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP is best known for advising private equity sponsors and their portfolio companies on LBOs and other acquisitions, but the team also assists lenders and borrowers with corporate and project finance. Practice head Jan Wilms handles both segments. In August 2019, his team was further strengthened with the arrival of Ralf Defren, previously at Hengeler Mueller, who has however moved on to Weil, Gotshal & Manges LLP at the end of 2020.

Practice head(s):

Jan Wilms

Key clients

Ardian

BBS Automation GmbH

Blantyre Capital

CVC Capital Partners

EQT

Hudson’s Bay Company

Work highlights

  • HBC: Advice in connection with the sale of your shares in the European retail and real estate joint venture formed between HBC and SIGNA to the respective joint venture partners.
  • CVC Capital Partners: Advice on the takeover of the Robert Bosch Packaging division.
  • Foreign majority shareholder in a German listed company: Advice on the financing of the company and options for delisting, EAVs and adjustment of financing.