Lending and borrowing in Germany

Allen & Overy LLP

Allen & Overy LLP's integrated banking, finance and capital markets practice has extensive expertise in handling matters at these intersections, advising on mid-cap to large-cap LBOs and MBOs, traditional acquisition loans, bank and bond financings, unitranches as well as term on loan B financings and corporate financings. Its client base, consisting of both borrowers and lenders, includes investment banks and an increasing number of debt funds as well as sponsors in the private equity and leveraged finance sector, and corporates. Walter Uebelhoer heads the team, which lost counsel Jens Gölz to Simmons & Simmons in February 2019 und counsel Bianca Engelmann to Hogan Lovells International LLP in September 2019. Both joined their respective firms as partners. Leveraged and acquisition finance expert Thomas Neubaum is frequently recommended.

Practice head(s):

Walter Uebelhoer

Other key lawyers:

John Coburn; Franz Bernhard Herding; Peter Hoegen; Thomas Neubaum; Wolfgang Melzer

Key clients

Bank of America Merrill Lynch

BNP Paribas S.A.

capiton AG

Cerberus Capital Management, L.P.

Commerzbank AG

Crédit Agricole

Credit Suisse Group AG

Daimler AG

DekaBank

Deutsche Bank AG

Deutsche Telekom AG

Hapag-Lloyd AG

HSBC

ING Group

J.P. Morgan

Landesbank Baden-Württemberg (LBBW)

Landesbank Hessen-Thüringen Girozentrale (Helaba)

Oak Hill Advisors L.P.

One Equity Partners, LLC

Schaeffler Group

Scout24 AG

UniCredit Bank AG

Värde Partners

Clifford Chance

The practice at Clifford Chance has extensive expertise in unitranche financings (including super-senior structures), public takeover financing, mezzanine, second lien and PIK finance as well as infrastructure financing and restructuring, which is mostly called upon by banks. Other clients include private equity investors, direct lending funds and corporates. The team jointly led by Bettina Steinhauer and Barbara Mayer-Trautmann also includes Steffen Schellschmidt, who joined in October 2018 from Fried, Frank, Harris, Shriver & Jacobson LLP and specialises in syndicated loans linked to acquisition financing mandates and associated restructuring. Thomas Weitkamp left the firm in May 2018 to join Latham & Watkins LLP.

Practice head(s):

Bettina Steinhauer; Barbara Mayer-Trautmann

Other key lawyers:

Steffen Schellschmidt

Key clients

J.P. Morgan

J.P. Morgan Securities plc

UniCredit Bank AG

Ardian Private Debt

EQT Credit

Skandinaviska Enskilda Banken AB (publ) (SEB)

Goldman Sachs International

DPE Deutsche Private Equity GmbH

Symrise AG

United Chocolate GmbH

Work highlights

  • Advice to J.P. Morgan on the financing of the planned takeover of the US-American brake manufacturer WABCO Holdings Inc. by ZF Friedrichshafen AG.
  • Advice to the UniCredit Bank AG (London branch) on the financing of the takeover of the packaging manufacturer Coveris Rigid Group based in Luxembourg by Lindsay Goldberg.
  • Advice to an international banking consortium under the leadership of the Commerzbank AG, the ING Bank, the Landesbank Baden-Württemberg (LBBW) and the UniCredit Bank AG on an IPO-syndicated credit financing for the Verlagsgruppe Springer Nature AG & Co. KGaA.

Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer focuses on advising borrowers and sponsors, while also being increasingly active for lenders. The team provides wide-ranging advice on leveraged finance, acquisition, corporate and real estate finance and is also experienced in restructuring and insolvency-related loan financing. Frank Laudenklos heads the practice, which includes syndicated loan and acquisition financing expert Michael Josenhans and Mario Hüther, who regularly advises lenders, financial investors and corporates on various types of loan-based debt financing. Principal associate Bernina Butt joined Mayer Brown LLP as partner in November 2019.

Practice head(s):

Frank Laudenklos

Other key lawyers:

Mario Hüther; Michael Josenhans

Hengeler Mueller

Banks and corporates call upon Hengeler Mueller's in-depth expertise, which is regularly demonstrated in large-scale corporate and acquisition financing, while an increasing number of private equity funds from the mid-cap sector instruct the practice with LBO financings. Acting in close conjunction with the M&A practice, the team also handled various large-scale syndicated loans (including guarantee lines) during the research period, which is an area of particular expertise for Johannes Tieves and Nikolaus Vieten. Daniel Weiß, who provides wide-ranging advice on financing issues, and Daniela Böning, who specialises in loan financing and promissory loans, are also key members of the team. Ralf Defren joined Willkie Farr & Gallagher LLP in August 2019.

Other key lawyers:

Johannes Tieves; Daniela Böning; Martin Geiger; Heinrich Knepper; Nikolaus Vieten; Daniel Weiß

Key clients

Deutsche Bank AG

Erwin Hymer Group SE

freenet AG

FSN Capital

J.P. Morgan Securities Ltd.

KSB SE & Co. KGaA

Leoni AG

SCHMOLZ + BICKENBACH AG

VTG AG

Waterland Private Equity

Work highlights

  • Advice to a banking consortium led by J.P. Morgan on a syndicated loan for financing the planned takeover of Qualtrics International Inc. by SAP SE.
  • Advised the Erwin Hymer Group SE on financing aspects concerning the sale of the Erwin Hymer Group to Thor Industries, Inc.
  • Advice to a banking consortium led by Deutsche Bank AG on the provision of a syndicated credit line at the amount of €11 billion for refinancing the Daimler AG and Daimler North America Corporation.

Latham & Watkins LLP

The close cooperation with the DCM and ECM teams as well as the restructuring practice enables the financing team at Latham & Watkins LLP to provide sponsors, banks, debt funds and corporates with wide-ranging advice on restructurings, LBOs and corporate finance matters. These key elements received a further boost with the arrival of Thomas Weitkamp from Clifford Chance in July 2018, while the team is also experienced in handling transactions based on bond and covenant lite structures. Other work pertains to real estate financing and matters under English and US law. Restructuring expert Frank Grell, vice chair of the global finance practice Alexandra Hagelüken and Sibylle Münch, who was elevated to the partnership in March 2019, are among the key figures of the team. Associate Kim Woggon is praised as being 'pragmatic and solution-oriented'. Andreas Diem retired in December 2018.

Practice head(s):

Frank Grell; Alexandra Hagelüken

Other key lawyers:

Sibylle Münch; Christian Jahn; Thomas Weitkamp; Kim Woggon

Testimonials

‘Very performance-oriented, clients always receive relevant updates, all in all very organised and efficient.’

‘Christian Jahn has stepped into the retired Andreas Diem’s shoes and managed to take on this role very well. His professional attitude and specialist knowledge as well as his talent to look at a situation from several commercial and legal angles are unique.’ 

Key clients

Apera Asset Management

Ares Management Limited

Armira Partners

Cheplapharm Arzneimittel GmbH

Chequers Capital

Consus Commercial Property AG

Deutsche Bank AG

DPE Deutsche Private Equity GmbH

EQT

JPMorgan Chase & Co.

Kongsberg Automotive ASA

Morgan Stanley

Norddeutsche Landesbank Girozentrale (NORD/LB)

One Equity Partners

Société Générale S.A.

UniCredit Bank AG

Work highlights

  • Advice to the Consus Commercial Property AG on financing the purchase of the SSN Group AG.
  • Advice to a banking consortium coordinated by UniCredit Bank AG and Banco Santander, S.A. on the financing of the Henkel AG & Co. KGaA with an overall volume of €1,5 billion.
  • Advice to the Cheplapharm Arzneimittel GmbH on the successful raise of the syndicated and advised Term Loan B-facility by €300 million.

Linklaters

While Linklaters has traditionally put its focus on assisting lenders (including alternative lenders) - which remains an area of particular expertise for team head Marc Trinkaus - the team with Neil George Weiand and counsel Urs Lewens has also been able to expand its large-cap corporate finance work for borrowers. At this finance and corporate intersection, the team also advises several large German companies on large-scale financing measures such as acquisition finance, syndicated loans and promissory note loans. The team also works in close cooperation with the firm's restructuring and insolvency groups, which makes handling matters at this interface another key element of its workload. Other work pertains to mid-cap and large-cap leveraged finance transactions and infrastructure financing. Managing associate Przemyslaw Lipin, who specialises in syndicated loans, acquisition and project finance and restructurings is another key member of the team.

Practice head(s):

Marc Trinkaus

Other key lawyers:

Neil George Weiand; Urs Lewens; Michal Hlásek; Przemyslaw Lipin

Testimonials

The team has an understanding of what matters.

Neil George Weiand and Urs Lewens are both guarantors for reliable quality and also have a broad knowledge beyond legal limits.

Neil George Weiand is one of the last finance heavyweights in the market. His expertise and presence in negotiations is enormous.

Urs Lewens is a good communicator and always a great help in solving problems rather than multiplying them.

Key clients

Bayer AG

Grünenthal GmbH

Merck KGaA

Faurecia

Waterland Private Equity GmbH

Cerberus Capital Management, L.P.

Bank of China

Migros

LetterOne Group

Macquarie Infrastructure Fund II

Reliance Industries Limited

Bank of America Merrill Lynch

Credit Suisse

J.P. Morgan

Work highlights

  • Advice to Reliance Industries Limited based in Mumbai on its first bond transaction; the Landesbank Baden-Württemberg (LBBW) and KfW IPEX-Bank GmbH arranged the debut bond of Reliance Industries.
  • Advised the Bank of America Merrill Lynch, Credit Suisse and J.P. Morgan on financing the planned purchase of Cypress Semiconductor Corporation by Infineon Technologies AG.
  • Advice to the Bayer AG on a consortium agreement concerning a credit line of €4,5 billion with national and international banks as well as on a financing amounting to $57 billion for the planned takeover of Monsanto.

Ashurst LLP

Ashurst LLP's strength lies in leveraged finance and increasingly in large-cap corporate finance, while the team continues to handle financing and refinancing work in the German care market. With regard to its client structures, the team has particular expertise in advising debt funds on first-out/ last-out structures. The practice also acts for banks and private equity sponsors and has received a number of new instructions on rolling stock, asset financing and credit funds. Anne Grewlich heads the team, which includes real estate and asset financing expert Filip Kurkowski and Philipp Vorbeck, who made counsel in May 2019. Vorbeck specialises in acquisition finance with high-yield elements and unitranche structures. Munich-based financing partner Bernd Egbers left the firm in June 2019 upon the request of the firm's management board and joined RENZENBRINK & PARTNER's new Munich office in January 2020.

Practice head(s):

Anne Grewlich

Other key lawyers:

Philipp Vorbeck; Filip Kurkowski; Derk Opitz

Key clients

Permira Debt Managers Limited

Hamburg Commercial Bank AG

Commerzbank AG

UniCredit Bank AG

Skandinaviska Enskilda Banken AB (SEB)

Oldenburgische Landesbank AG

Santander

Ares Management, L.P.

NIBC Bank

BlueBay Asset Management LLP

BlackRock, Inc.

Pemberton Capital Advisors LLP

Silverfleet Capital LLP

Joh. Berenberg, Gossler & Co. KG

Gleiss Lutz

Gleiss Lutz was able to expand its mid-cap LBO deal flow during the research period, while maintaining its strong presence in the large-cap segment. Advising an corporate financings is another key strength of Helge Kortz's team, which is also experienced in promissory note loans and crisis-related financings as well as in real estate, project and asset financing. Private equity-related work is regularly handled by Frank Schlobach. Eva Reudelhuber, who covers a wide range of financing matters, is another key member of the team, which acts for both borrowers and lenders.

Practice head(s):

Helge Kortz

Other key lawyers:

Eva Reudelhuber; Burkhard Jäkel; Frank Schlobach; Maximilian von Rom

Milbank

Milbank focuses on advising banks, debt funds and other lenders as well as financial investors and corporates on acquisition and corporate finance. The team demonstrates particular expertise in financing transactions with cross-border elements and involving capital markets products. In corporate finance, the team regularly acts for investment grade and sub-investment grade borrowers and frequently advises on refinancing and IPO preparation issues as well as on restructuring-relating matters. The 'very reliable, quick and solution-orientedThomas Ingenhoven and Mathias Eisen are the main contacts.

Practice head(s):

Thomas Ingenhoven; Mathias Eisen

Key clients

Advent International

Ardian

Athens International Airport S.A.

Axel Springer SE

Bayerische Landesbank (BayernLB)

Commerzbank AG

DZ Bank AG

Funke Mediengruppe GmbH & Co. KGaA

HSBC Burckhardt & Trinkaus AG

Joh. Berenberg, Gossler & Co. KG

Pemberton Capital Advisors LLP

ProSiebenSat.1 Media SE

UniCredit Bank AG

H.I.G. Capital

Kaefer Isoliertechnik GmbH & Co. KG

Körber AG

Triton

Work highlights

  • Advice to Axel Springer SE on the refinancing of the revolving credit line with a volume of €2 billion.
  • Advice to the Bayerische Landesbank (BayernLB) and Landesbank Baden-Württemberg (LBBW) on the refinancing of the existing consortium credit agreement of the United Internet AG.
  • Advised an international loan provider consortium on financing the purchase of IFCO by Triton and ADIA, a hundred percent subsidiary company of the Abu Dhabi Investment Authority. The financing was made up of a senior tranche and a second-lien tranche.

Noerr

Noerr is best known for its lender work, which makes it a popular choice for banks, lending syndicates and alternative lenders, while Andreas Naujoks' team has also been increasingly active for corporates. Its workload includes acquisition, corporate and real estate finance as well as matters in an insolvency and restructuring setting.

Practice head(s):

Andreas Naujoks

Other key lawyers:

Tom Beckerhoff; Sebastian Bock; Nikolai Warneke

Testimonials

Pragmatic, mittelstands-oriented solution competency.

Andreas Naujoks exhibits very good judicial competence combined with a strong economic understanding.

White & Case LLP

White & Case LLP 'has an excellent network', which leads to regular cross-border financing transactions under English, German and New York law. Clients, including banks, financial investors and sponsors, also praise the team's 'quick response times and absolute reliability' and benefit from its in-depth expertise in leverage finance and corporate finance as well as in financial restructuring and high-yield interface issues, which are handled in cooperation with other teams. Other work pertains to project and asset financing, which constitutes a key portion of the Hamburg-based office led by Florian Degenhardt. Other key members include Vanessa Schürmann, who heads the English financing practice, and leveraged acquisition financing expert Florian Ziegler, who made partner in January 2019. Tom Schorling left the fim in March 2019 to found LIEBLING KRONBERG.

Other key lawyers:

Florian Degenhardt; Thomas Flatten; Vanessa Schürmann; Florian Ziegler

Testimonials

Flexible and committed.

Precise and comprehensible communication.

Solution-oriented and practicable advice approach.’

Thomas Flatten follows a proactive and pragmatic advice approach.

Key clients

Bayerische Landesbank (BayernLB)

BNP Paribas S.A.

Commerzbank AG

Consolidated Energy Finance S.A.

Consus Real Estate AG

Credit Suisse

HSBC Trinkaus & Burkhardt AG

Jefferies Group LLC

J.P. Morgan

Natgasoline LLC

UniCredit Bank AG

Voltaire Finance B.V.

Work highlights

  • Advised the Commerzbank AG as coordinator, bookrunner and mandated lead arranger on the provision of a funding line to Vonovia Finance B.V. with a loan volume of €1 billion.
  • Advice to HSBC Trinkhaus & Burkhardt AG on a bridging loan contract at a value of €50 million.
  • Advice to Voltaire Finance B.V. on the financial restructuring and subsequent successful takeover of the Wild Bunch-Gruppe based in Berlin and Paris.

CMS

Recognised for its broad offering, CMS advises major banks as well as German and international companies and sponsors on acquisition and corporate financing and refinancing, while also handling project finance (most notably in the infrastructure and renewable energy sectors) and real estate finance. The 'professional and friendlyMarkus Pfaff and the 'reliable and solution-orientedMarc Seibold jointly head the 'experienced and quick' team.

Practice head(s):

Markus Pfaff; Marc Seibold

Other key lawyers:

Marc Riede; Jens Moraht

Testimonials

Very short processing times, constant availability and high degree of practical experience.

Pragmatic approach.

‘Uncomplicated communication.

On a technical level, Markus Pfaff fulfils all wishes.

Marc Seibold manages to explain difficult contexts trough simple examples.

Key clients

Landesbank Hessen-Thüringen Girozentrale (Helaba)

KfW IPEX-Bank GmbH

Merkur Offshore GmbH

REComm Sarl Frankfurt TSK1 SCS

Exyte AG

TRILUX Group Management GmbH

Bechtle AG

VR Equitypartner GmbH

SSC Beteiligungs- und Verwaltungsgesellschaft mbH

ElringKlinger AG

Work highlights

  • Advised the ElringKlinger AG on a syndicated financing at a value of over €350 million.
  • Advice to the Merkur Offshore GmbH on the refinancing of the existing project financing of the offshore-wind farm Merkur.
  • Advice to the TRILUX Group Management GmbH on a syndicated financing.

Hogan Lovells International LLP

Borrowers and lenders appreciate Hogan Lovells International LLP's 'outstanding service, first-class know-how and commitment' and regularly instruct the team led by the 'technically extremely competent and solution-oriented' Katlen Blöcker to advise on acquisition financing, corporate loans and real estate finance as well as on trade and export financing. Carla Luh is the main contact for project finance. Much of its workload is handled in cooperation with other practice groups and offices, where the team benefits from its international network. This also led to an increasing number of French clients, due to the growth of the firm's Paris banking group. In September 2018, Patrick Mittmann moved to Baker McKenzie, while at the same time of the following year, Bianca Engelmann joined the practice from Allen & Overy LLP. She handles a wide range of acquisition and corporate finance.

Practice head(s):

Katlen Blöcker

Other key lawyers:

Christian Herweg; Carla Luh; Bianca Engelmann

Testimonials

Provides reliable and clear assurances.

Technically competent, constructive advice, always oriented towards the economic interests of involved parties.

Key clients

AkquiVest GmbH

Berlin Hyp AG

BNP Paribas

BNP Paribas Asset Management

Deutsche Pfandbriefbank AG

DZ Bank AG

Union Investment

HSH Nordbank

Norddeutsche Landesbank Girozentrale (NORD/LB)

DekaBank

Work highlights

  • Advice to a fund managed by the BNP Paribas Asset Management on the purchase and financing of a logistics property at the Baden Airpark in the course of a Share Deal.
  • Advised the DZ Bank AG on the leasing financing for the construction of a haulage centre by the Noerpel Gruppe in the Bavarian district of Dachau.
  • Advice to the HSH Nordbank on the financing of the planned onshore-windfarm Clogheravaddy.

Norton Rose Fulbright

The team at Norton Rose Fulbright 'has many years of experience in syndicated loans and acquisition finance' and advises banks, export credit agencies and corporates on project finance and refinancing matters. The 'very committed' Oliver Sutter heads the practice, which was strengthened in September 2019 by the return of Caroline Herkströter, who had meanwhile taken on the role of general counsel at DekaBank. In July 2019 however, the team lost loan financing expert Nadine Bourgeois to Luther Rechtsanwaltsgesellschaft mbH. 'Very experienced' asset and project finance expert Markus Radbruch was elevated to the partnership in January 2019.

Practice head(s):

Oliver Sutter

Other key lawyers:

Timo Noftz; Andrea Spellerberg; Markus Radbruch; Caroline Herkströter

Testimonials

High availability and excellent, adequate team setup.

Oliver Sutter is also a good choice for tricky matters.

Key clients

American Realty Capital

BNP Paribas S.A.

Commerzbank AG

Deutsche Bank AG

DISA Assets Limited

DVB Bank SE

ING Bank

KfW IPEX-Bank GmbH

Landesbank Baden-Württemberg (LBBW)

Norsk Vind Skinansfjellet AS

Prüfungsverband deutscher Banken e.V.

Real I.S.

VR Equitypartner GmbH

Work highlights

  • Advice to Disa Assets Limited on refinancing the rolling stock that was rented by Abellio for the operation of a German regional rail transport network through a combination of bonds and bank loans taking into account several insurers and banks.
  • Advice to the project corporation Norsk Vind Skinansfjellet AS and Luxcara on the project-bond-financing of an offshore-wind farm in Norway with a power supply contract with a Facebook company.
  • Advice to the DVB Bank SE on the sale of its overland transport business, including the due diligence, in a bidding process.

Shearman & Sterling LLP

Shearman & Sterling LLP's strength lies in mid-cap LBO financing, including traditional bank finance and unitranche financing, and expanded its client portfolio with several debt funds and private equity firms. The team is jointly led by Winfried Carli and Esther Jansen and works in close conjunction with finance colleagues from the firm's global network.

Practice head(s):

Winfried Carli; Esther Jansen

Testimonials

The team is composed of experienced partners and follows a pragmatic and constructive advice approach.

Strong in unitranche structures.

Key clients

Ares Management Limited

IK Investment Partners

Capiton AG

Silverfleet Capital

Equistone Partners Europe Limited

Muzinich & Co.

Ardian Private Debt

Commerzbank AG

Barings LLC

Hannover Finanz

HF Private Debt

PINOVA Capital

BNP Paribas S.A.

International Chemical Investors S.E.

Bank of America

EMERAM Capital Partners

Skandinaviska Enskilda Banken AB (SEB)

Work highlights

  • Advised the Allgaier-Group, a worldwide trading automotive supplier and plant manufacturer, on a fundamental restructuring of the group financing.
  • Advice to Ardian Private Debt as creditor on financing the purchase of the SER Group by Carlyle Europe Technology Partners.
  • Advised Ares Management Limited as creditor on the recapitalisation of the Intelligent Repair Solutions Group, a portfolio company of the Ufenau Capital Partners AG.

Baker McKenzie

Working in close junction with other practice groups and offices, the team at Baker McKenzie handles acquisition, corporate and project finance and strengthened its real estate finance offering with the arrival of Patrick Mittmann from Hogan Lovells International LLP in September 2018. While predominantly receiving instructions from lenders, corporates are also part of the team's client portfolio. Oliver Socher heads the team, which lost Anouschka Zagorski to Freshfields Bruckhaus Deringer in January 2019.

Practice head(s):

Oliver Socher

Other key lawyers:

Kathrin Marchant; Patrick Mittmann

Key clients

Gebr. Knauf KG

Hyundai Capital Bank Europe GmbH

Thor Industries, Inc.

Alzayani Investments B.S.C.

Bayerische Landesbank (BayernLB)

Ufenau Capital Partners AG

Work highlights

  • Advice to Thor Industries, Inc. on the acquisition financing for the purchase of the German Erwin Hymer Group.
  • Advised the Hyundai Capital Bank Europe GmbH as debtor on a €200 million loan provided by the ING Bank for financing the vehicle leasing business of Hyundai in Germany.
  • Advised the financing banks Belfius Bank, BNP Paribas Fortis and ING Belgium on a corporate financing for the Vision Healthcare Group.

Heuking Kühn Lüer Wojtek

Heuking Kühn Lüer Wojtek covers a broad spectrum of acquisition and corporate finance and predominately acts for borrowers, including private equity firms, while also assisting lenders with finance transactions and refinancings. Vinzenz Bödeker heads the practice, which includes the 'friendly, uncomplicated, reliable and extremely professional' Thomas Schrell. Together with Michael Neises, he also advises on project and export financing.

Practice head(s):

Vinzenz Bödeker

Other key lawyers:

Thomas Schrell; Michael Neises

Testimonials

‘Thomas Schrell has very good expertise and experience in finance, very flexible.’

Key clients

CGS

DZ Bank AG

FEUER powertrain GmbH & Co. KG

Generator Hostels Group

HF Debt GmbH

PREMIUM Equity Partners

Sicon GmbH

Work highlights

  • Ongoing advice to FEUER powertrain GmbH & Co. KG on matters of company financing.
  • Advice to the Generator Hostels Group on the loan and safety documentation for the refinancing und expansion financing of a hotel portfolio.
  • Advice to the HF Debt GmbH on financing the takeover of the GSE Vertrieb Biologische Nahrungsergänzung & Heilmittel GmbH by Finexx.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP 'has excellent expertise, which is communicated to the client in an understandable manner', and which is frequently deployed when advising on acquisition and structured financings. The team is led by the 'very committed' Johannes Kremer and is considered a good contact for borrowers in particular but it also acts for lenders.

Practice head(s):

Johannes Kremer

Other key lawyers:

Jörg Hanke

Testimonials

Johannes Kremer has outstanding knowledge across all financing areas.

Key clients

Castik Capital S.à r.l.

KAP AG

Joyson Safety Systems

Standard Chartered Bank

Hillenbrand, Inc.

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

Work highlights

  • Advice to the KAP AG on the purchase of the Heiche Gruppe including the associated financing matters thereof.
  • Advice to Hillenbrand, Inc. on the contract for a syndicated facility with a value of €150 million, for which the Commerzbank AG acted as arranger and creditor.
  • Advice to F.I.L.A. Fabbrica Italiana Lapis e Affini S.p.A., a manufacturer of drawing and colouring materials, on the purchase of Canson based in France from the Hamelin Group as well as the associated acqusition financing thereof.

Taylor Wessing

Taylor Wessing provides 'targeted and efficient advice' with a focus on acquisition and corporate finance as well as on financial restructuring matters, which are regularly handled in cooperation with its restructuring colleagues. Its client roster predominately includes financial institutions and, increasingly, private equity investors and firms. Peter Seemann heads the practice, which includes Sabine Schomaker. She specialises in corporate loans, acquisition finance and financial restructuring.

Practice head(s):

Peter Seemann

Other key lawyers:

Sabine Schomaker; Clemens Niedner; Jens Wiesner; Claus Goedecke

Key clients

Bayerische Landesbank (BayernLB)

Cargolux Airlines International SA

Commerzbank AG

CORDET Capital Partners LLP

Deutsche Beteiligungs AG

EQT Partners GmbH

Landesbank Hessen-Thueringen Girozentrale (Helaba)

IKB Deutsche Industriebank AG

JF Hillebrand Group

Kreissparkasse Tuttlingen

LFPI European Debt Fund

Polytech Group

Skandinaviska Enskilda Banken AB (SEB)

Sparkasse Pforzheim Calw

Stadtwerke Schwerin GmbH

VR Equitypartner

Work highlights

  • Advice to the JF Hillebrand Group on a syndicated loan agreement and a transaction of a bond, both of which were arranged by the Landesbank Baden-Württemberg (LBBW)
  • Advice to the NORD Holding Unternehmensbeteiligungsgesellschaft mbH on financing the purchase of the Eye Clinic Holding-Gruppe.
  • Advice to the Norddeutsche Landesbank Girozentrale (NORD/LB) as documentation centre on the restructuring of the financing of KMP Holding GmbH.

DLA Piper

DLA Piper focuses on project and real estate finance, which are both particular areas of expertise for team head Torsten Pokropp, but the practice also handles corporate and acquisition finance.

Practice head(s):

Torsten Pokropp

Other key lawyers:

Frank Schwem

K&L Gates LLP

K&L Gates LLP specialises in asset, real estate and acquisition finance, acting for financial institutions, corporates, investors and sponsors. Handling financial restructuring matters is also part of the team's workload. Matthias Grund and Frank Thomas are the main contacts.

Practice head(s):

Matthias Grund; Frank Thomas

Other key lawyers:

Bastian Bongertz

Key clients

Avenue Group Ltd

Robus Capital Management Limited

TTP AG

Deutsche Radiologie Holding GmbH

JPMorgan Chase Bank N.A./London Branch

Paragon Partners Ltd.

KBC Bank NV, Niederlassung Deutschland

Raiffeisen Bank International AG

Tempus Capital GmbH

Work highlights

  • Advice to the Avenue Group Ltd on financing the purchase of the Schletter Group.
  • Advised Robus Capital Management Limited on the provision of a bridging financing and the associated refinancing of the Hallhuber-Gruppe subsequently to the parent company Gerry Weber going into insolvency.
  • Advised the TTP AG and its subsidiary company TTP Germany GmbH on financing the acquisition of three NNE-subsidiary companies of the Danish NNE A/S-Gruppe based in Switzerland, Germany and Belgium.

Kirkland & Ellis International LLP

Kirkland & Ellis International LLP puts significant emphasis on debt finance work, advising sponsors and borrowers, but it also assists lenders, most notably funds, with restructuring and crisis-related matters. As well as handling financial restructuring work, the team with 'creative negotiatorWolfgang Nardi in the lead also regularly advises on LBO transactions, which frequently include cross-border elements and are routinely handled in cooperation with various offices from the firm's international network.

Practice head(s):

Wolfgang Nardi

Testimonials

A lot of experience in the restructuring field.

Close to the market.

Powerful.

Wolfgang Nardi is always available for his clients.

Key clients

Tele Columbus AG

Toys R Us

EP Global Commerce GmbH

Aktionäre von Jack Wolfskin

Aegean Marine Petroleum Network Inc.

Partners Group AG

Ontario Teachers’ Pension Plan Board

Caisse de dépôt et placement du Québec (CDPQ)

Work highlights

  • Advice to Toys R Us on financing of the sales of the branches in the DACH-region to the Irish-British toy retailer Smyths Toys.
  • Advice to EP Global Commerce GmbH on financing the purchase of a large share in the METRO AG from Haniel Finance Deutschland GmbH.
  • Advice to the shareholders of Jack Wolfskin, consisting of subsidiary companies of Bain Capital Credit, H.I.G. Bayside Capital and CQS, on the financing with regards to their agreement of selling the outdoor-brand to the Callaway Golf Company.

Luther Rechtsanwaltsgesellschaft mbH

Credit institutions and debt funds regularly instruct Christoph Schauenburg's team at Luther Rechtsanwaltsgesellschaft mbH to assist with acquisition financings and most notably those in the private equity space. This segment received a further boost with the arrival of Nadine Bourgeois from Norton Rose Fulbright in July 2019. With Alexander Wojtek in Hamburg, the team is also well equipped to handle project finance work.

Practice head(s):

Christoph Schauenburg

Other key lawyers:

Alexander Wojtek; Nadine Bourgeois

Key clients

Idinvest Partners S.A.

UNIWHEELS-Gruppe

SÜDWESTBANK AG

Raiffeisenlandesbank Niederösterreich-Wien AG

FIEGE-Gruppe

SüdFactoring GmbH

Banco Santander S.A.

Beechbrook Capital LLP

Kartesia

TRIMET Aluminium SE

Prolimity Capital Partners

Work highlights

  • Advice to the Debt Fonds Beechbrook Capital LLP on the mezzanine and PIK-financing of the purchase of the Robert Bürkle GmbH by Auctus Capital Partners.
  • Advice to Idinvest Partners S.A. on the acquisition financing for the purchase of a majority stake in the hotel operator GS Star GmbH by Auctus Capital Partners.
  • Advice to Beechbrook Capital LLP on the granting of a mezzanine financing for the purchase of the Bainbauer Group by H.I.G. Capital.

Mayer Brown LLP

Mayer Brown LLP's team jointly led by Patrick Scholl und Martin Heuber was augmented with the addition of Bernina Butt from Freshfields Bruckhaus Deringer in November 2019 and acts for a number of financial institutions but also advises corporates, sponsors and joint ventures. Its workload primarily reflects the team's expertise in acquisition finance but it also handles syndicated corporate loans and restructuring-related matters.

Practice head(s):

Patrick Scholl; Martin Heuber

Testimonials

The team is always available and quick to respond.

Always keeps on top of things.

Martin Heuber delivers high quality advice while remaining modest and down-to-earth.

Key clients

JP Morgan Chase Bank, N.A.

Avedon Capital Partners B.V.

Work highlights

  • Advice to JP Morgan Chase Bank, N.A. on the acquisition financing of the Erwin Hymer Group SE by Thor Industries, Inc.