Next Generation Partners

Transactions in Germany

A&O Shearman

A&O Shearman primarily advises national and international investors with a cross-practice and cross-border approach on private equity transactions, buy-outs, platform investments and add-ons in the large and mid-cap sector, including interfacing financing and transaction tax law issues. The team offers industry expertise in the chemicals, technology, financial services and healthcare sectors. Hamburg-based practice head Nils Koffka routinely supports PE and M&A transactions and also acts as global co-head private equity; accordingly, his main focus is on cross-border mandates.

Practice head(s):

Nils Koffka


‘Full-service advice at the highest level. The team is very committed, lives for the customer and works very efficiently.’

‘Michiel Huizinga: Extremely competent M&A lawyer, knows every detail of a transaction while maintaining the overall overview and concentrating on the most relevant aspects. Values ​​his clients’ needs and invests a lot of energy in helping them find the next deal. Always available and very commercial.’

‘High professional competence, yet pragmatic and solution-oriented. Understand the investor mindset. Focus on the relevant topics and appropriate communication is tailored to the recipient.’

Key clients

Partners Group AG

GIC (Government of Singapore Investment Corporation)

Apax Partners

Summa Equity

Alteri Investors

Advent International

Apollo Management


Charterhouse Capital

CVC Capital Partners

H.I.G. Capital


One Equity Partners

Waterland Private Equity

The Riverside Company

Bencis Capital Partners

Work highlights

  • Advising DigitalBridge on the acquisition of a 51% stake in GD Towers, Germany’s largest radio tower company, in partnership with Brookfield.

  • Advising a consortium of banks in connection with the planned acquisition of a stake in Vantage Towers AG by a consortium of funds led by Global Infrastructure Partners and KKR.

  • Advising the PTV Group and its shareholders Bridgepoint and Porsche SE on the acquisition of a majority stake in Conundra BV.


ARQIS focuses on transactions in the mid-cap segment, including the support in financing rounds, platform deals, cross-border transactions and fund structuring. Practice head Jörn-Christian Schulze is experienced in corporate law, private equity and M&A and is regularly instructed by investors and funds, which he and the team also support in IP, tax law, employment law and data protection matters thanks to the cross-practice approach. Thomas Chwalek (in addition to PE also corporate law, M&A, VC, capital markets and insurance law) was appointed to partner in January 2023.

Practice head(s):

Jörn-Christian Schulze

Other key lawyers:

Mauritz von Einem; Thomas Chwalek


‘Entrepreneurial approach, pragmatic, results-driven and competent.’

‘Dr. Jörn-Christian Schulze: Deal maker, pragmatic, entrepreneurial, can-do attitude.’

‘ARQIS is particularly distinguished by the fact that its own standards – the provision of outstanding quality legal services – are exemplified by the partners and delivered to the team as a whole. In addition, the personal level and the willingness and ability to perform are convincing, which is maintained even when tight deadlines are set.’

Key clients

Active Capital

BWK GmbH Unternehmensbeteiligungen


DPE Deutsche Private Equity


Omnes Capital

Quadriga Capital


VR Equity Partner

Ashurst LLP

Ashurst LLP follows a full-service approach and regularly supports clients from the infrastructure, renewable energy, healthcare and technology sectors in mid-cap transactions as well as various related topics such as company formations, financing and strategic partnerships, as well as in add-on acquisitions and exits. Benedikt von Schorlemer (PE and M&A) leads the practice.

Practice head(s):

Benedikt von Schorlemer


BMH BRÄUTIGAM is well versed in cross-border private equity transactions thanks to the close cooperation with a best friends network. The team focuses on the mid-cap segment, where PE houses, funds and family offices are advised on platform investments, add-ons, acquisition financing and exits. Exit advice to VC-financed companies is a core focus of Till Wansleben, who was appointed to partner in January 2023. Practice head Jan-Peter Heyer covers PE as well as M&A, corporate and VC mandates and is experienced in the pharmaceuticals sector.

Practice head(s):

Jan-Peter Heyer


‘BMH Braut is particularly helpful in covering the broadest possible spectrum of commercial law issues. The advice and service are excellent. In addition, any major changes can be easily made with their own notaries in the house.’

‘Everything stems from a single source.’

Key clients


Contus Holding

Coveris Deutschland



Prefere Resins Gruppe


ng4T GmbH


CEDES Gruppe


Perpetua Holding

Asyril SA

Kordes AG

Work highlights

  • Advising the financial investor capiton as part of the newly launched €248 million dual asset continuation fund capiton Quantum on the takeover of investments in the companies Raith and AEMtec.

  • Advising DLT, shareholder of the Berlin P2C software company Productsup, in the context of an investment.

  • Advising the founder and majority shareholder of the GMC Group on the takeover by funds advised by KLAR Partners.

Clifford Chance

Clifford Chance supports national and cross-border mid- and large-cap transactions and has strong relationships with large and mid-cap PE houses. The practice’s expertise is primarily utilised in the infrastructure and healthcare sectors, whereas the industry expertise also extends to the finance and technology sectors. The regulated industries are a core focus of practice head Anselm Raddatz, who also supports private equity investments. The transaction support is complemented with the advice on related issues from the ECM, DCM, restructuring, sanctions and compliance segments, which are handled in cooperation with the experts from the respective practice areas. Sonya Pauls is well versed in fund structuring. Frederik Mühl (PE and infrastructure M&A) joined Paul Hastings LLP in June 2023.

Practice head(s):

Anselm Raddatz


‘Excellent team, very focused, efficient and customer oriented. Well-prepared decision-making and offer preparation. Focus on key points.’

‘Volkmar Bruckner: Great lawyer and coordinator.’

‘Speed ​​and breadth of expertise.’

‘Volkmar Bruckner: Strong deal lead, good at team building/development, always available, into all the details, deal-minded, focus on completing the transaction.’

Work highlights


CMS assists with large and especially mid-cap transactions, including acquisitions, exits and buy & build strategies, and also advises on interfacing tax law matters. Among the client roster are investors and companies from the technology, healthcare and energy sectors. Thanks to the cooperation with the PE team at the London location, cross-border matters are another key strength. Co-head Igor Stenzel acts from Berlin and jointly heads the team with Munich-based Jessica Mohaupt-Schneider. Florian Plagemann (M&A and start-up financing) made partner at the Frankfurt location in January 2023. In early 2024, Markus Herz and Peter Polke joined from King & Wood Mallesons; Herz previously led the corporate/private equity practice there.


‘The CMS team led by Hendrik Hirsch is very responsive and works seamlessly and proactively. CMS can easily integrate sector experts to cover regulatory work and add in-depth industry expertise. The team delivers particularly high added value in transactions in regulated industries.

‘Hendrik Hirsch is an extremely experienced and practice-oriented private equity lawyer who can distinguish between the important and less important aspects of a transaction. His entrepreneurial approach and commercial understanding are remarkable and outstanding.’

‘Short response times, personal commitment and pragmatic solution suggestions.’

Key clients

DPE Deutsche Private Equity

NORD Holding

RAG Stiftung / RSBG SE





BE Investment Partners


Marguerite Pantheon


Harald Quandt Industriebeteiligungen

CMP Capital Management Partners

Art Invest

Headway Capital Partners

Work highlights

  • Advising DPE Deutsche Private Equity on the sale of the VTU Group to Altor Funds.

  • Cross-border advice to Nord Holding on the sale of the Bock Group to the Danish Danfoss Group.

  • Advising Mutares on the majority acquisition of BEW-Umformtechnik from Marigold Capital.


Dentons‘ PE team acts from four German locations and focuses on supporting buy-out transactions. Thanks to the expertise in funds, distressed M&A and infrastructure transactions as well as employment, tax, banking and antitrust law, the team advises on the entire private equity value chain. The practice primarily assists with mid-cap transactions and is jointly led by Volker Junghanns and Robert Bastian. Cross-border matters are frequently handled in cooperation with the locations in London, Amsterdam and the US.

Practice head(s):

Volker Junghanns; Robert Bastian

Other key lawyers:

Christopher Mayston


‘Excellent team in the small and mid-cap buyout sector in the DACH region. Very flexible and competent.’

‘Volker Junghanns has many years of PE experience, both for classic buyouts and for more complex operations. We have been working with him regularly and trustingly for years and can highly recommend him as a lawyer.’

Key clients

Qualitas Energy

Slate Asset Management

Osthus Beteiligungs GmbH

KPS Capital Partners

Platinum Equity

LFPI Gruppe

Quantum Capital Partners

Katek SE

Work highlights

  • Advising the International Chemical Investors Group on the acquisition of the compounds business of Benvic Group SAS from PVC Europe Group Sarl, an independently managed investment subsidiary of Investindustrial Growth LP.

  • Advising the founding team of the Zontal Group on the sale of a majority stake to the US technology company Bruker Corporation.

  • Advising KPS Capital Partners on the $4.4 billion sale of Howden to Chart Industries.

DLA Piper

With a clear focus on the IT sector and technology-driven industries such as life sciences, gaming, green energy and logistics, DLA Piper primarily advises investors and their portfolio companies on mid-cap transactions, including buy-outs, M&A, public takeovers and sale-and-lease-back transactions. In May 2023, Andreas Füchsel took over practice management from Nils Krause (PE, M&A and VC), who remains part of the team. The partner roster was strengthened with the addition of Lars Jessen (restructuring, joint ventures and management participations) from Paul Hastings LLP in September 2022 as well as the appointment of Moritz von Hesberg, who is regularly instructed by portfolio companies of PE and VC funds, in May 2023.

Practice head(s):

Andreas Füchsel

Flick Gocke Schaumburg

Flick Gocke Schaumburg‘s team primarily acts across the mid-cap segment and offers comprehensive transaction support, including related corporate and tax law aspects. Key contacts Martin Oltmanns , Mathias Bülow and Alexander Goertz as well as Matthias Heusel, who joined from SZA Schilling, Zutt & Anschütz in July 2022, are additionally well versed in interfacing capital markets law matters.

Key clients

Borromin Capital Management

Bregal Unternehmerkapital


Lindsay Goldberg

Operando Partners

Work highlights

Gibson, Dunn & Crutcher LLP

Gibson, Dunn & Crutcher LLP regularly cooperates with the locations in London, Paris and the US on cross-border matters and supports transactions in the large and mid-cap segment; Dirk Oberbracht is a key contact here. This is complemented by expertise in growth investments, particularly in the context of investments made by US clients in the technology sector. Jan Schubert frequently advises financial and strategic investors on PE and M&A transactions and is also experienced in management participations; he made partner in January 2023.


‘Very strong team; excellent balance between legal expertise and business judgment. They know where to interfere and where to exercise restraint. Very high quality team of people who know how to deal with complex matters efficiently.’

‘Wilhelm Reinhardt is first class. True leader and business partner. Extremely effective and efficient.’

‘Incredibly good and competent support. Very confident and result-oriented solution finding and negotiations by the partners – the team clearly attaches importance to solving problems as quickly and efficiently as possible, instead of getting lost in endless discussions with the other side (or even the client).’

Key clients

Advent International Corporation


DPE Deutsche Private Equity

EMK Capital

J.H. Whitney

Kohlberg Kravis Roberts & Co. Partners LLP

Motive Partners




Platinum Equity Advisors

SC Holdings



Work highlights

  • Advising Oaktree in connection with a voluntary public takeover offer for Deutsche EuroShop AG.

  • Advising Advent International together with Centerbridge on the takeover of Aareal Bank AG.

  • Advised Veritas Capital on the acquisition of Wood Mackenzie.

Gleiss Lutz

Financial investors and portfolio companies instruct Gleiss Lutz on mid- and large-cap transactions, which the team comprehensively supports along the entire investment value chain. Key topics include buy-outs, add-on acquisitions and sales, as well as exits and interfacing financings. The practice is led by Christian Cascante and Jan Balssen, who comprehensively cover the M&A and PE areas and are among the key contacts for cross-border transactions. Vanessa Rendtorff made partner in January 2023 and complements this with restructuring-related expertise. PE and M&A expert Stefan Widder joined from Latham & Watkins LLP in September 2023.

Practice head(s):

Christian Cascante; Jan Balssen

Other key lawyers:

Vanessa Rendtorff; Stefan Widder


‘Powerful team with a lot of creativity, experience and commitment.’

Key clients

Apax Partners

Apollo Global Management


Deutsche Beteiligungs AG

H.I.G. Capital

HQ Equita



Porterhouse Group


Work highlights

  • Advising Armira on the acquisition of a majority stake in EMW AG.

  • Advising HIG Capital on the acquisition of a majority stake in office people Personalmanagement GmbH.

  • Advising Greenoaks Capital Partners as lead investor on the Series E round financing of the HR software unicorn Personio.

Greenberg Traurig Germany

Greenberg Traurig Germany‘s mid- and large-cap transaction support is regularly requested by investors from the technology, telecoms and media sectors, whereas the support to the healthcare, pharmaceuticals, automotive and real estate sectors is a growth area. The team handles cross-border matters thanks to the cooperation with the locations in London, Warsaw and Amsterdam and is jointly led by Peter Schorling, Henrik Armah and Nicolai Lagoni, who comprehensively cover the PE and M&A area; all three are also well versed in cross-border transactions.

Other key lawyers:

Oliver Markmann; Philipp Osteroth


‘The team is very capable of using a dedicated data room and document tracking system, allowing for seamless collaboration between everyone involved.’

‘The team not only handles the legal work, but also the commercial side of the transaction and the personalities involved, making them an incredible resource in the negotiations.’

‘Deep market/trading understanding, great customer experience, responsiveness, creativity and problem-solving ability.’

Key clients

CVC Capital Partners

PIMCO Prime Real Estate GmbH/Edge Technologies

NSF V Denmark Advisory ApS

Activum SG Capital Management

Tuscan Holdings Corp.


Gilde Healthcare

AEW Europe

Ares Management Limited

Pinebridge Benson Elliot

Black Dragon Capital

Castlelake L.P.

Crestview Partners

Peakside Capital Advisors

Quilvest Private Equity

Shore Capital Group

SJL Partners

The Carlyle Group

Tristan Capital Partners LLP

Gridiron Capital

Work highlights

  • Advising PIMCO Prime Real Estate and EDGE Technologies on the establishment of a joint venture platform to develop intelligent and sustainable commercial real estate.

  • Advising CVC Capital Partners on the takeover of London-listed Stock Spirits.

  • Advising NREP on a long-term joint venture with the Artisa Group to expand NREP’s real estate strategies in the German market.

Hengeler Mueller

Hengeler Mueller is among the top German addresses for transactions in the large-cap sector and focuses on regulated industries such as finance, energy, healthcare and insurance. PE houses, start-ups and companies are frequently advised in cross-practice cooperation, thus also covering related regulatory issues as well as financings and restructurings. Christof Jäckle is well versed in matters at the M&A interface, while Oda Christiane Goetzke advises on corporate matters and made partner at the same time as Maike Hölty in January 2023. Hölty focuses on PE and growth capital investments. The transaction support is complemented by expertise in continuation funds, dual tracks – Hans-Jörg Ziegenhain is a key contact here – and fund-to-fund transactions.

Hogan Lovells International LLP

Hogan Lovells International LLP supports both sellers and buyers in the mid- and large-cap segments and routinely assists founding teams, start-ups as well as financial and venture capital investors. Thanks to the cross-location cooperation, cross-border matters are also handled. In July 2023, Jörg Herwig took over management from Matthias Jaletzke, who remains part of the team; Herwig focuses on transaction support and is also experienced in restructurings, management participations and corporate law matters; Jaletzke is well versed in litigation.

Practice head(s):

Jörg Herwig


‘Jörg Herwig is an extremely experienced lawyer who clearly understands the business and the client’s needs. He knows the market and makes recommendations, but at the same time knows how to coordinate and close a deal efficiently together with his team.’

Key clients

Aareon AG

Atlas Edge

Bierwirth & Kluth



Commerz Real

Cygna Labs

DIF Capital Partners

Chequers Capital

Digital Transformation Capital Partners

Dürr AG

DWS Gruppe

EB – Sustainable Investment Management und LHI


Greenvolt-Energias Renovaveis SA

HR Group

IT Frankfurt GmbH



Protect Medical Holding GmbH

Quadriga Capital




Syserso Networks

Tikehau Capital

UBS Asset Management

Values Real Estate

Work highlights

  • Advising funds advised by the investment company Borromin Capital Management GmbH on the acquisition of the AES Group.

  • Advising long-standing client HR Group on various transactions, including the investment in the Asia-based hotel management company Absolute Hotel Services.

  • Advising the infrastructure fund manager DIF Capital Partners on the acquisition of a majority stake in ruhrfibre.

Kirkland & Ellis International LLP

Kirkland & Ellis International LLP supports European and US financial investors, including private equity and real estate funds as well as sovereign wealth and pension funds, in national and cross-border transactions in the large-cap sector; the support in the mid-cap segment as well as sponsored public-to-private transactions are recent growth areas. Among the key contacts are Benjamin Leyendecker, who advises financial investors and strategists on taking-private transactions and corporate restructuring, Attila Oldag (PE, M&A, capital markets law) and Philip Goj, who advises strategists and investors on PE and M&A transactions as well as public takeovers.


‘Ben Leyendecker and Philip Goj: Excellent knowledge and responsiveness.’

Key clients

Oakley Capital

XXXLutz Gruppe

Gordon Brothers

EP Investment S.à r.l.

KLAR Partners

Nordic Capital

Charlesbank Capital Partners

Bain Capital

GIC Private Equity


Work highlights

  • Advising GIC Private Equity on a long-term minority investment in German industrial gas manufacturer Messer worth €2 billion.

  • Advising Nordic Capital on the acquisition of a majority stake in corpuls | GS Elektromedizinische Geräte G. Stemple GmbH.

  • Advising the XXXLutz Group on a voluntary public takeover offer to acquire all outstanding shares of home24 SE with a total volume of €250 million.
    #### ORIGINAL ####
    Beratung der XXXLutz Gruppe bei einem freiwilligen öffentlichen Übernahmeangebot für den Erwerb sämtlicher ausstehender Aktien der home24 SE mit einem Gesamtvolumen von €250 Millionen.

Latham & Watkins LLP

Latham & Watkins LLP assists clients with mid- and large-cap transactions, where the team regularly draws on the international network in cross-border transactions. Here, practice head Burc Hesse focuses on cross-border leveraged buy-out transactions. Other key contacts are Oliver Felsenstein, who comprehensively advises private equity companies on the entire investment value chain, and Rainer Traugott, who acts at the corporate law interface. The team’s industry expertise was strengthened with the additions of Alexander Rieger (infrastructure) from Hogan Lovells International LLP in May 2023 and Carsten Loll (real estate) from Linklaters in October 2022; both joined with a team of associates. Transaction expert Stephan Hufnagel made partner in January 2023, while M&A expert Stefan Widder joined Gleiss Lutz in September 2023.

Practice head(s):

Burc Hesse

Other key lawyers:

Oliver Felsenstein; Rainer Traugott; Alexander Rieger; Carsten Loll; Stephan Hufnagel; Sebastian Pauls; Susanne Decker; Maximilian Platzer


‘Wide range of experience and expertise; Strong ability to process cross-border transactions.

‘Extremely competent, reliable and always able to bring in very competent colleagues from other countries.’

‘Burc Hesse is an extremely experienced and commercially minded lawyer who thinks and acts in the interests of his clients.’

‘Strong PE practice; very high quality standard. Always commercial, practical and solution-oriented advice.’

‘Rainer Traugott, Oliver Felsenstein, Stephan Hufnagel are all prime examples of an excellent consultant.’

Key clients

Activant Capital




Bregal Unternehmerkapital

CVC Capital Partners (CVC)


DPE Deutsche Private Equity

EMZ Partners

Global Infrastructure Partners / KKR



IK Partners

L Catterton

Oakley Capital


PAI Partners

Partners Group

Perusa Partners

TA Associates

Work highlights

  • Advising Advent International on the establishment of a global joint venture for technical high-performance polymers with the specialty chemicals group LANXESS.

  • Advised Global Infrastructure Partners (GIP) & KKR in connection with a strategic partnership with Vodafone to invest in Vantage Towers, a telecommunications tower company in Europe.

  • Advising Apollo Global Management on a €1 billion structured/preferred equity investment in a portfolio of high-quality residential properties held by Vonovia and valued at €3.3 billion.


Linklaters routinely cooperates with the corporate and M&A practice, here, the key contacts are Andreas Müller and practice head as well as co-head of the global financial sponsors team Ralph Drebes. This integrated approach is utilised in the advice to investors, including long-standing client relationships, and companies on national and cross-border large and mid-cap transactions. This is complemented by expertise in the regulated industries, including energy, healthcare, (digital) infrastructure and technology, where Carl Sanders is a key contact; he made partner in May 2023.

Practice head(s):

Ralph Drebes


‘Right from the start of the collaboration, I felt safe in the team’s capable hands. The team’s friendly, courteous and extremely helpful approach made the often complex and stressful legal matters I faced easier.’

‘I was impressed by the team’s ability to explain even the most complicated legal issues in an understandable manner. My interests were effectively represented and the team was extremely committed to my concerns. Thanks to the team’s outstanding work, I was able to achieve an extremely positive result that far exceeded expectations.’

‘The accessibility of the team was particularly remarkable. Inquiries were always answered promptly.’

Work highlights

  • Advising Macquarie Asset Management on the sale of its indirect stake in Open Grid Europe (OGE) to Fluxys.

  • Advising Société Générale and its German subsidiary on the sale of the minority stake in Schufa Holding AG to the Swedish financial investor EQT.

  • Advising the majority shareholder GBL in connection with the strategic investment of LRMR Ventures, the family office of LeBron James and Maverick Carter as well as SC Holdings, in Canyon Bicycles.

Mayer Brown LLP

Mayer Brown LLP acts across all sectors in the mid-cap segment but focuses on IT, life sciences and consumer goods. Among the client roster are founders, family offices, venture capital funds and national and international PE investors, which benefit from the expertise at the finance, corporate, tax and real estate interfaces as well as the cross-locational support via the London and US locations in cross-border matters. Jan Streer is experienced in both PE and VC and took on practice leadership due to the departure of former practice head Julian Lemor (PE and M&A) to Noerr in May 2023. In September 2023, the team was strengthened with the addition of PE and M&A expert Fabio Borggreve from Squire Patton Boggs.

Practice head(s):

Jan Streer

Other key lawyers:

Carlos Robles y Zepf; Joachim Modlich; Ulrike Binder; Carsten Flaßhoff; Fabio Borggreve


‘For me, Mayer Brown is a leading law firm that is characterized above all by its particularly broad coverage of various legal fields and also has very good international coverage. For me, Mayer Brown is an innovative law firm that, due to its size, has a lot of expertise and innovation in the market and therefore does not just provide a blueprint.’

‘Jan Streer is very legally secure. Differentiates himself through his charming manner, which convinces the other person and knows how to cleverly identify atmospheres in negotiations or constellations and utilise them.’

Key clients


Borromin Capital Fund IV S.C.S. SICAV RAIF

Koop Germany GmbH

Avedon Capital Partners

AaviGen GmbH

Deutsche Beteiligungs AG (DBAG)

The Jordan Company, L.P.

TUI Beteiligungs GmbH


Work highlights

  • Advising Triton on the acquisition of the Kühl Eckert Group.

  • Advising Borromin on the acquisition of all shares in Eberle Controls GmbH.

  • Advising Deutsche Beteiligungs AG on the acquisition of akquinet AG.

McDermott Will & Emery Rechtsanwälte Steuerberater LLP

Private equity houses, companies, owners and management teams from the plant construction, automotive, chemicals, logistics and finance sectors regularly call upon McDermott Will & Emery Rechtsanwälte Steuerberater LLP‘s transaction expertise in the mid-cap sector. The team experienced several recent changes, including the departure of Nadine Hartung (healthcare sector) to Raue in February 2023; in December 2022, Tobias Koppmann (PE, VC, M&A) joined PwC Legal (PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft), while Norman Wasse (PE, M&A, capital markets) moved to Squire Patton Boggs in September 2023. Hanno Witt is experienced in the healthcare sector as well as the industrial, infrastructure, consumer goods and technology sectors (also management participations) and joined from Latham & Watkins LLP in March 2023 and Holger Ebersberger (digital economy, life sciences, TMT, healthcare). , Industry) simultaneously arrived from Noerr. The latter and Michael Cziesla jointly head the team, which also covers all interfaces thanks to cross-practice cooperation.

Other key lawyers:

Carsten Böhm; Stephan Rau; Hanno Witt


‘Holger Ebersberger always represents the client’s interests to the greatest satisfaction.’

The team in Frankfurt is an extremely trustworthy partner, especially for us as PE, who always works with the highest level of commitment and specialist knowledge.

A well-rehearsed team that we personally like very much, but which also has specialist colleagues available for all relevant questions.

In addition to his extremely high level of specialist knowledge in corporate law and experience in supporting even difficult national and international transaction processes, Michael Cziesla also has an extremely positive personality, which makes him suitable for all sizes of companies and even with difficult negotiating partners. Very positive and trusting cooperation. Always personal and approachable.

Key clients

Ampersand Capital Partners

Apax Capital Partners LLP

AUCTUS Capital Partners AG advised

PharmaLex Holding GmbH

Centric Health Holdings Ltd

DBAG (Deutsche Beteiligungs AG)

Ergon Capital

GREENPEAK Partners Advisory GmbH

Lobster GmbH

Investcorp Technology Partners

Main Capital

NORD Holding

Rantum Capital

Süd Beteiligungen GmbH

Vision Capital and Rubicon Partners

Work highlights

  • Advising the funds advised by AUCTUS Capital Partners AG and PharmaLex Holding GmbH on their sale to Amerisource Bergen Corporation for €1.28 billion.

  • Advising DBAG ECF III on the successful completion of the sale of the BTV Multimedia Group.

  • Advising Vision Capital and Rubicon Partners on the sale of ABL TECHNIC Group and STAR Capital Partnership LLP for their Star IV Fund.


Milbank is well versed in large-cap transactions and is renowned for its extensive private equity competencies. The team supports investors and companies in the establishment of private equity funds, the acquisition and expansion of portfolio companies as well as in recaps and exits. This diverse offering also draws on the areas corporate law, M&A as well as financing and tax law thanks to cross-practice cooperation. This apporach is also mirrored within the team: Michael Bernhardt is experienced in public-to-private, LBOs and MBOs; Martin Erhardt and Sebastian Heim are well versed in restructuring, while Markus Muhs focuses on supporting transactions in the infrastructure sector as well as investments in technology-driven companies. Steffen Oppenländer complements the industry expertise with experience in the regulated industries. Leopold Riedl regularly assists with transactions, joint ventures, spin-offs and asset deals and also covers the corporate law intersection; global chair of the corporate practice Norbert Rieger has additional tax law expertise and assists with transactions and takeovers.


‘Very customer-oriented advice, first-class service.’

Very close to the market; high speed.

Key clients

Advent International

Allianz X



Capiton AG


CVC Partners

Deutsche Beteiligungs AG

ECM Equity Capital Management

EQT Partners

General Atlantic

Goldman Sachs

H.I.G. Capital


LEA Partners




PAI Partners


Partners Group

Planet First Partners

OMERS Infrastructure

Strategic Value Partners

Swiss Life Asset Managers

The Blackstone Group Inc.

The Carlyle Group

Work highlights

  • Advising CURA in connection with the voluntary public takeover offer for Deutsche EuroShop AG.

  • Advising Advent International on an agreement with a 100% subsidiary of the Abu Dhabi Investment Authority (ADIA) whereby ADIA is to invest in the Austrian energy solutions provider INNIO and become a significant shareholder.

  • Advising General Atlantic on the proposed merger of Qontigo and ISS (both majority owned by Deutsche Börse AG), with General Atlantic becoming the sole minority shareholder of the combined entity.


Noerr focuses on the upper-middle and large-cap segment and regularly supports cross-border transactions. The team offers industry expertise in the digital, healthcare and technology sectors, which is complemented with cross-practice cooperation in the structuring of acquisitions and assets as well as financing and the development of MEP models; related contentious matters are frequently handled by Georg Schneider. Another mainstay is the advice on restructuring to PE investors which specialise in crisis-related matters, where Christian Pleister is a key contact. A growth area is the support in fund structuring and secondary transactions. Holger Ebersberger (sector focus on digital economy, life sciences, TMT, healthcare, industry) left the practice and joined McDermott Will & Emery Rechtsanwälte Steuerberater LLP in March 2023; Markus Braun (PE, M&A, Corporate, VC) joined the team shortly afterwards from Gleiss Lutz and Julian Lemor (PE and M&A) arrived from Mayer Brown LLP. At the turn of the year 2023/2024, Schneider and Pleister handed over the practice management to Christoph Thiermann and Felix Blobel (focus on VC).


‘Very reliable partners, high level of expertise and negotiation skills, very easy to contact, very well networked in the market.’

‘Sebastian Voigt has very high negotiating skills, deep market expertise, negotiating strength, precise work and pragmatic approaches.’

‘Deep technical understanding and extensive international transaction experience. Pragmatic approach, availability at any time, excellent internal coordination and provision of additional experts from the firm for specific topics.’

Key clients


AEQUITA Management SE




Avista Capital Holdings


Bregal Unternehmerkapital

Cheney Capital

Deutsche Beteiligungs AG

DFL Deutsche Fußball Liga e.V

DPE Deutsche Private Equity

EMERAM Capital Partners

Ergon Capital

Foresight Group

J.C. Flowers

KKR Credit

KPS Capital

Nord Holding

Orlando Capital/ESSVP Funds

Summit Partners

Searchlight Capital

Work highlights

  • Advising the DFL Deutsche Fußball Liga eV on the structuring and implementation of the desired participation of a financial investor in the media revenues of the Bundesliga with the final bidders Advent, Blackstone, CVC and EQT.

  • Advising AUCTUS Capital Partners on the sale of PharmaLex to AmerisourceBergen as part of a competitive auction process with a volume of €1.28 billion.

  • Advising the Foresight Fund on the structuring of a consortium with HH2E AG and HydrogenOne Capital Growth plc for the planning, construction and operation of a hydrogen plant with a planned feed-in capacity of initially 100 MW, which can be increased to 1 GW by 2030.

Norton Rose Fulbright

Norton Rose Fulbright regularly advises private equity investors on national and international mid-cap transactions with industry expertise in the technology, digitisation, fintech, financial services and healthcare sectors. The team is experienced in dealing with supervisory authorities in the regulated industries and clients also benefit from the cross-practice cooperation on matters pertaining to employment, antitrust, corporate and tax law as well as data protection and IT. The practice is led by Frank Henkel (PE, VC, corporate, M&A, fintech as well as investment and banking supervisory law) and Nils Rahlf (PE, VC, corporate, M&A and capital markets law). In September 2022, Michael Prüßner and Sven Schweneke (both PE, VC, corporate, M&A, investment funds), joined the team from Eversheds Sutherland, while Philipp Grzimek (PE and M&A) moved to GÖRG Partnerschaft von Rechtsanwälten mbB in March 2023.

Practice head(s):

Frank Henkel; Nils Rahlf

Other key lawyers:

Michael Prüßner; Sven Schweneke


‘Very pragmatic cooperation with various other international law firms without the usual sensitivities.’

Key clients

777 Partners

AnaCap Financial Partners

Ancala Partners LLP

Arcus Capital AG

Armira Beteiligungen GmbH & Co. KG

AutoScout24 GmbH

Chaos Software

Crowdout Capital

Cube II Communications

Dradura Gruppe


Europäische Investitionsbank

FSN Capital VI

GHO Capital Partners / Velocity Clinical Research

H.I.G. European Partners

InfraRed Capital Partners

Intermediate Capital Group


Löwenstark Digital Group GmbH

OnePeak Capital Partners



Stürtz Gruppe

SUSI Partners

Tiger Infrastructure Partners

Treïs Group

Vitruvian Partners

Work highlights

  • Advising 777 Partners and 600 Partners on the takeover of the 64.7% stake of Peil Investment, a company owned by Lars Windhorst, in Hertha BSC as well as participation in a capital increase at Hertha BSC to further finance Hertha BSC.

  • Advising the US private equity fund CrowdOut Capital on the acquisition of the global electronics sales group Sourceability from Zollner Elektronik AG.

  • Advising the DUBAG Group on the acquisition of the Emitec catalyst and filter business from Vitesco Technologies.

Orrick, Herrington & Sutcliffe LLP

Orrick, Herrington & Sutcliffe LLP supports national and international private equity houses, companies and fund managers in national and cross-border transactions in the mid-cap segment. The group is led by Christoph Brenner, who advises on takeovers, management-buy-outs and growth financing, and Oliver Duys, who specialises in corporate and real estate portfolio transactions as well as joint ventures. The team was strengthened with the addition of Damien Simonot (M&A transactions) from Skadden, Arps, Slate, Meagher & Flom LLP in July 2022 and Werner Brickwedde (focus on the energy sector) from Eversheds Sutherland in April 2023.

Practice head(s):

Christoph Brenner; Oliver Duys

Other key lawyers:

Thomas Schmid; Sven Greulich; Christoph Rödter; Damien Simonot; Werner Brickwedde

Key clients






Findos Investor

GIC (Singapur)

GII Gulf Islamic Investments



Knauf Family Office





VREP VR Equitypartner

Work highlights

  • Advising the listed Vantage Towers AG in connection with its multi-billion dollar takeover by PE investors.

  • Advising Luxempart on the sale of EduPRO, a group of companies in the areas of further training, further qualification and adult education, to the Swiss PE investor Invision AG.


POELLATH combines the experience in large and mid-cap transaction with expertise in related areas, such as financing, distressed M&A, insolvency and restructuring as well as tax structuring and design. The team – and Benedikt Hohaus in particular – is well known for the advice to management teams on management participations. Amos Veith routinely assists fund managers and investors with fund structuring and investment as well as with fund secondaries and GP-led transactions. The team is led by Jens Hörmann (M&A and PE in the infrastructure and healthcare sectors) and Tim Kaufhold (PE, M&A and corporate law; advice to management teams), who took over co-management from Eva Nase (corporate law, corporate governance) during the reporting period. The team acts across various sectors although a recent focus was on the e-commerce, fintech, healthcare, energy and technology industries.

Practice head(s):

Tim Kaufhold; Jens Hörmann

Other key lawyers:

Benedikt Hohaus; Tobias Jager; Philipp von Braunschweig; Amos Veith; Barbara Koch-Schulte; Frank Thiäner


‘Poellath has a good reputation in fund structuring and a diverse client base. The team therefore has a good overview of market developments.’

Good team, well connected.

Key clients


Elvaston Capital

EMERAM Capital




Equistone Partners Europe

Pinova Capital



EMH Partners

Savory Solution Group

Grünwald Equity

Quanos Solutions GmbH

Work highlights

  • Advising Elvaston on the establishment of the GSG GENII Software Group as a software holding company.

  • Advising the shareholders of Hestia Instandsetzung Management GmbH on the merger with ARTUS.

  • Advising the management of Transporeon on its sale to Trimble with a volume of €1.8 billion.


Thanks to the cooperation with the corporate and tax teams, RENZENBRINK & PARTNER ‘s transaction support also covers related financing rounds, tax law issues as well as return and management participations. The team focuses on cross-border transactions in the small and mid-cap segment and regularly supports private equity companies and their portfolio companies. The practice is led by founding partners Ulf Renzenbrink and Dennis Schlottmann, who both comprehensively cover the PE, M&A and corporate areas. Bernd Egbers (LBOs and acquisition financing) joined Astera Legal Egbers Hitzer Partnerschaft von Rechtsanwälten mbB in January 2023.


‘High level of professional expertise, very strong customer orientation. Real help for us in medium-sized businesses. Open and honest.’

‘No matter when you need something: the response is immediately.’

Availability; good cooperation; forward-looking work; great team.

Key clients

H.I.G. Capital

Triton Partners

IK Partners

Ergon Capital Partners



Keensight Capital

Work highlights

  • Advising IK Partners funds on the purchase of the MÜPRO Group from Perusa Capital.

  • Advising the IK Partners fund on its joint investment with EMZ Partners and Oakley Capital in Wishcard Technologies.

  • Advising the HIG funds on the sale of Marflex to a consortium consisting of the Austrian family business Teufelberger and the US-based Alpha Industries Management, which is part of the Sigma Plastics group.

Sidley Austin LLP

Sidley Austin LLP primarily focuses on the mid-cap segment and, through cross-practice cooperation, regularly covers relevant topics such as LBOs, growth capital investments, financing and restructuring. Private equity houses, strategic investors and their portfolio companies request this expertise, which also encompasses coss-border matters, thanks to the firm’s international network. Accordingly, German practice head Christian Zuleger (PE, M&A and restructuring) also co-heads the European corporate and private equity group.

Practice head(s):

Christian Zuleger


‘The law firm is characterized by a high level of efficiency and outstanding expertise.’

Key clients

Bain Capital Insurance

DYNAmore Holding GmbH

Intermediate Capital Group

Prefere Resins

Rivean Capital

Rodenstock GmbH

Z Capital Group

Work highlights

  • Advising Z Capital Group on the acquisition of ESA Eppinger Group.

  • Advising Bain Capital Insurance on its joint venture (Summitas Group) with Canada Life Irish Holding Company Limited and JDC Group.

  • Advising Rivean Capital on the takeover of Green Mobility Holding GmbH.

Skadden, Arps, Slate, Meagher & Flom LLP

The private equity team at Skadden, Arps, Slate, Meagher & Flom LLP supports German and global companies and investors in national and cross-border mid- and large-cap transactions. Practice head Jan Bauer complements the transactional capacities with relevant expertise in corporate restructuring and capital markets law matters.

Practice head(s):

Jan Bauer

Key clients

American Industrial Partners

Armira Beteiligungen GmbH & Co. KG



Castik Capital



Deutsche Beteiligungs AG

Energy Infrastructure Partners


Goldman Sachs


I Squared Capital

Ontario Teachers’ Pension Plan

SCP Group

Silver Lake

TSG Consumer Partners

Work highlights

  • Advising a consortium led by Energy Infrastructure Partners on the acquisition of a 19.85% stake in Fluxys Group with an implied enterprise value of €8 billion from the Canadian pension fund Caisse de dépôt et placement du Québec.

  • Advised Hg on its investment in IFS and WorkWave, valuing IFS and WorkWave at $10 billion.

  • Advising Celonis on its $400 million Series D expansion led by Qatar Investment Authority.

Taylor Wessing

Taylor Wessing primarily supports transactions in the mid-cap segment and frequently acts across the technology, healthcare and life sciences sectors. Private equity houses and their portfolio companies are regularly advised across locations and practices; cross-border matters are routinely handled with the location in London. The transactional support is complemented by the advice on buy-and-build strategies and management participations. Maria Weiers heads the team since Walter Henle’s retirement in September 2022; Weiers is well versed in buy-outs and exits. Michael Lamsa moved to Gowling WLG in April 2023, where he co-leads the M&A, PE and VC practices.

Practice head(s):

Maria Weiers

Key clients


Alpina Partners

Balderton Capital

Borromin Capital Fund IV

Cordet Capital Partners

ECM Equity Capital Management

EQT Infrastructure



International Chemical Investors Group

NordHolding / Zentrum Gesundheit Gruppe

Oberberg Gruppe


Protect Medical Holding GmbH



Work highlights

  • Advising International Chemical Investors SE on the acquisition of the Evonik chemical site in Lülsdorf and the associated cyanuric chloride business in Wesseling, North Rhine-Westphalia, as well as inprotec AG.

  • Advising EQT on the sale of a minority stake in Global Connect, provider of fiber-optic data communications and data center services, to Mubadala.

  • Advising NORD Holding and Zentrums Gesundheit on the acquisition of the REALEYES Group, a premium provider in the field of ophthalmology.

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP advises on traditional private equity transactions, add-ons, secondary buy-outs, distressed transactions and sell-side transactions within the large and mid-cap segment, including cross-border matters. Among the client roster are PE houses and investors with a particular focus on the financial services, payment systems, automotive  and healthcare sectors. The team is led by Gerhard Schmidt, who is experienced in buy-outs and distressed transactions.

Practice head(s):

Gerhard Schmidt

Key clients

Lone Star

Advent International

Bain Capital



Genstar Capital

Apax Partners


Inven Capital

Work highlights

  • Advising Lone Star on the sale of the MBCC Group to Sika.

  • Advising TES on establishing a strategic partnership with OGE to develop carbon infrastructure.

  • Advising Advent International on the possible acquisition of a majority stake in Solaris Bank SE.

White & Case LLP

Thanks to the international network, White & Case LLP specialises in cross-border private equity support. In cooperation with the locations in Europe, the US and Asia, the team routinely handles transactions in the mid-cap segment, while investors and companies also request assistance in the large-cap sector. The practice recently increasingly advised international technology funds and fast growth companies on fast growth transactions. Practice head Stefan Koch‘s expertise corresponds with the overall aproach, he advises on both German and New York law. In November 2022, Albrecht Schaefer (PE, M&A and corporate) joined from Linklaters as local partner.

Practice head(s):

Stefan Koch


‘Very competent team that can quickly access all areas of law and thus offers complete, holistic advice throughout the entire process.’

‘Stefan Koch is a very experienced consultant who always has the entire process in mind. In addition to very good legal advice, he is also characterized by excellent, targeted tactical control of the processes.’

Stefan Koch’s team is able to support the client in the economic analysis of the transaction. The client is in safe hands, not only from a legal perspective, but also from a transaction perspective. In addition, the team is very reliable and hardworking.

Stefan Koch: Simply a brilliant lawyer. We can recommend him to everyone.

Quick understanding of key points; very commercial; always available.

Key clients

Nordic Capital

CVC Capital Partners





Battery Ventures


IK Investment Partners

Duke Street


Morgan Stanley Infrastructure Partners

AGIC Capital

Valedo Partners

Pollen Street Capital


DIF Capital Partners

JP Morgan Infrastructure

Work highlights

  • Advising Morgan Stanley Infrastructure Partners on the sale of shares to VTG AG as part of a bidding process to a consortium consisting of Global Infrastructure Partners and Abu Dhabi Investment Authority.

  • Advising international private equity investor Battery Ventures on its entry into the fleet management sector through the acquisition of majority shares in Vimcar and Avrios.

  • Advising AGIC Capital on the acquisition of a majority stake in the German pharmaceutical company ATEC Pharmatechnik.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP  supports private equity houses and portfolio companies in both the mid-cap and large-cap segment, with cross-border transactions being a particular strength. The team is also well versed in advising managements and routinely covers the intersections to VC and financing. Georg Linde heads the practice and focuses on high-tech sectors such as aerospace, IT, chemicals and renewable energy. Linde and Matthias Schudlo comprehensively cover the PE, M&A and corporate areas. Schudlo complements this with expertise in capital markets law; he made partner in January 2023.

Practice head(s):

Georg Linde


‘The team is technically brilliant but also commercially minded and never loses sight of the client’s commercial objectives.’

‘They respond quickly and have become an integral part of our team without crowding the boardroom. Perfect balance.’

‘Miriam Steets is very professional and has a lot of detailed knowledge.’

Georg Linde: Godfather of PE.

Max Schwab: Mega smart, super sociable and pragmatic.

Very good availability with maximum client focus; small, powerful teams; very experienced; excellent communication.

Matthias Schudlo & Georg Linde: Very experienced PE lawyers, excellent project organization, strong commercial judgment.

Kamyar Abrar is a fantastic lawyer. He combines years of experience with a very strong commercial sense of what really matters. He is also a tough but fair negotiator.

Key clients

CVC Capital Partners

Insight Partners

Bregal Milestone LLP

SGT Capital

Adiuva / Sanecum Gruppe GmbH

Conscio Group

PAI Partners

3i Group plc

Blackstone einschließlich des Portfoliounternehmens Clarion Events

Work highlights

  • Advising CVC Capital Partners on the acquisition of a majority stake in The Quality Group.

  • Advising PAI Partners on the acquisition of Savory Solutions Group.

  • Advising SGT Capital on the acquisition of the Utimaco Group from EQT Mid Market Europe.