Banking, finance and capital markets in Luxembourg

Allen & Overy Luxembourg

The 'solutions-driven and reactive' five-partner team at Allen & Overy Luxembourg is well-versed across the spectrum of banking and capital markets transactions for a balanced mix of banks, funds and corporates. Leveraging the firm's extensive international network, the team excels at handling complex cross-border mandates requiring Luxembourg structuring expertise, where it is able to 'push the market with new ideas', by virtue of the market-leading know-how among many of the senior practitioners within the practice. The 'helpful and supportiveFrank Mausen and Paul Péporté have, according to one client, 'the best capital markets knowledge in Luxembourg', with transactional expertise underpinned by an extensive regulatory understanding of the complex rules associated with the full range of debt, equity and structured finance products. Henri Wagner leads the overarching banking and regulatory team and has developed a market-leading reputation advising banks on establishing operations in the country, as well as providing the regulatory expertise underpinning banking M&A. André Marc is also recommended, particularly in relation to private banking activities and on the setting up, restructuring and merging of banks.

Practice head(s):

Henri Wagner; Frank Mausen; André Marc; Pierre Schleimer; Paul Péporté

Other key lawyers:

Francois Guillaume de Liedekerke; Thomas Berger; André Hommel; Evelina Palgan; Serge Zeien; Pierre-Henry Maroteaux; Baptiste Aubry

Testimonials

‘The team is reactive, solutions-driven and knowledgeable.’

‘The firm is able to anticipate the needs of the customer and to organise their work in a way that is extremely efficient.’

‘Allen & Overy is the best law firm in Luxembourg for capital markets transactions. Their technical knowledge is outstanding. They push the market with new ideas.’

‘Frank Mausen and Paul Péporté have the best capital markets knowledge in Luxembourg and are always helpful and supportive.’

We very much appreciate the cooperation with Thomas Berger and André Marc.’

Key clients

Cromwell European REIT (CEREIT)

BGL BNP Paribas

Banque et Caisse d’Epargne de l’Etat (Spuerkeess)

DekaBank Deutsche Girozentrale S.A.

Landesbank Hessen-Thüringen Girozentrale

Oaklet S.A.

Stifel Nicolaus Europe Limited

Quintet Private Bank (Europe) S.A.

KNG Securities LLP

Banque Internationale à Luxembourg SA

Eurofins Scientific SE

Work highlights

  • Advised Cromwell European REIT (CEREIT), a diversified Pan-European Real Estate Investment Trust listed on the main board of the Singapore Exchange, on successfully raising and conducting a €625m debt restructure.
  • Advised the lending syndicate around BGL BNP Paribas (Luxembourg) and BNP Paribas Fortis (Belgium) in connection with the provision of financing to IRET Belval S.à r.l., to fund the acquisition of Red Sky S.A. (Luxembourg) holding the property located at 14 Porte de France, 4360Esch-sur-Alzette (Luxembourg).
  • Advised Banque et Caisse d’Epargne de l’Etat (Spuerkeess), as mandated lead arranger and lender, together with BGL BNP Paribas and Banque de Luxembourg as co-lenders, in relation to real estate investment and development facilities to Hodim S.à r.l., CMIL S.à r.l. and Foncière Rocade S.à r.l..

Arendt & Medernach

Led by the 'knowledgeable and practicalGlenn MeyerArendt & Medernach's seven-partner team has the strength-in-depth and critical mass to knit together a 'great diversity of skills' across the waterfront of regulatory and transactional work for banks, funds, corporates and sovereign entities. 'Very well connected with public authorities and decision-makers', the team has 'excellent knowledge of the banking environment' and is effectively able to gauge the expectations of the regulator, enabling it to provide a true value-added service to clients. Laurent Schummer provides 'business-oriented advice' on banking M&A and is also one of the go-to-practitioners at the firm in relation to venture capital work, for both start-ups (including fintech operations) and investors. Grégory Minne has 'impressive legal knowledge and capacity to deal with complex matters in a client-friendly way' and is consequently regularly instructed by significant financial institutions and asset management firms across a myriad of debt financing work, including for the purposes of cross-border M&A, asset finance and fund finance. Matthieu Taillandier is also key to the firm's success on the transactional front, with expertise not only in core bank lending mandates but also complex structured financing matters, as well as fund financing. Philippe Dupont has vast experience across both banking litigation and M&A, while on the capital markets front François Warken is a key contact for issuers and underwriters engaged in debt and equity mandates. The team is rounded out at partner level by Paul Mousel, who provides 'superior judgement and strategic advice' across a range of contentious and non-contentious financial services regulatory matters. At associate level, the 'impressiveNicolas Tintanne has a 'clear understanding of the legal issues' associated with a range of banking and finance transactions.

Practice head(s):

Glenn Meyer

Other key lawyers:

Philippe Dupont; Paul Mousel; François Warken; Laurent Schummer; Matthieu Taillandier; Grégory Minne; Marc Mouton; Nicolas Tintanne

Testimonials

‘The practice is composed of several very experienced and knowledgeable experts, who regularly provide us with legal expertise, as well as market and regulator insight about new regulations.’

‘The team is very well co-ordinated and ensures a prompt reply at any time. Very high skilled in regulatory matters as well as in any other matter that may be relevant for the transaction.’

‘They provide great advice on secured financing transactions from a Luxembourg perspective. They are able to provide sound advice from the fund side as well, which can be very helpful for a lender.’

‘The practice values insight into the client’s business needs in order to propose practical and business-oriented legal solutions, rather than providing the standard lawyer input. Overall, the practice is very well connected with public authorities and decision-takers, enabling matters to be processed in a professional, efficient and timely manner. ’

‘The practice distinguishes itself from its competitors by virtue of its client-oriented approach, deep knowledge of the market, sound legal advice and hands-on approach.’

‘Good availability and quick reply. Very good knowledge of the banking environment (can provide comparison/benchmark with what is done in other firms). Good knowledge of the expectations of the regulator.’

‘Philippe Dupont and Glenn Meyer are our main points of contact, but also their partners and associates are always very efficient and helpful as well.’

‘Glenn Meyer has an outstanding knowledge of the market and always provides practical solutions to the problems raised.’

‘Glenn Meyer has a deep and very good knowledge of banking matters. He can remain pragmatic and achieve a balance between legal requirements and operational banking constraints.’

‘Paul Mousel and his team provide not just solid legal analysis, but superior judgement and strategic advice.’

‘Paul Mousel is not just a great lawyer and terrific person, but a strategic adviser at a level few lawyers ever attain.’

‘Laurent Schummer is a partner who is available on short notice and does not fail to call back on request. He values quick and practical answers which go above and beyond the “typical standard lawyer’s answer”.’

‘Grégory Minne provides excellent advice and is able to put together a great team to meet our transaction-specific needs.’

Key clients

Clearstream Banking

Pictet

Credit Suisse

UBS

Goldman Sachs

European Investment Bank (EIB)

Spotify

Siemens

Nestlé S.A.

Toyota Motor Financial Services

Work highlights

  • Provide ongoing advice and representation of custodian banks in the Madoff case.
  • Provide ongoing tax, corporate and banking law assistance to a major European banking group. In particular, the team is assisting the group within the framework of a domestic reorganisation consisting of the transfer of the private banking business concurrently with a cross-border IT outsourcing, implying corporate, regulatory, data protection and professional secrecy aspects.
  • Representing a leading online brokerage platform, with the incorporation of a Luxembourg subsidiary and the application for a licence as a MiFID investment firm.

Clifford Chance

Co-headed by Steve Jacoby and Marc MehlenClifford Chance's four-partner Luxembourg-based team forms an integral part of the firm's global finance offering and provides Luxembourg structuring advice to facilitate large-scale international financings for a blue-riband roster of international banks and funds. In addition, the team has also taken a lead role on deals precipitated by the increasing use of Luxembourg law as the basis for financing transactions. The firm's close relationship with the country's financial regulator ensures that an open dialogue is achieved and that clients are well-served with the most up-to-date and robust advice, both in the context of transactional work, as well as stand-alone regulatory advice, including on, among other things, issues relating to the implications of Brexit. Jacoby has been at the forefront of the firm's fintech initiatives and, alongside Martin Wurth, has been responsible for the firm's flourishing reputation in the fund finance space.

Practice head(s):

Steve Jacoby; Marc Mehlen

Other key lawyers:

Christian Kremer; Martin Wurth; Stefanie Ferring; Udo Prinz; Audrey Mucciante

Key clients

Goldman Sachs International

Citi, Crédit Agricole CIB, MUFG and Natixis

AccorInvest Group S.A.

HQLAx

European Investment Bank

ICN development, BESIX RED and TRALUX Immobilier

CPPIB CANADA INC.

ING Bank N.V.

Silver Arrow

Patrizia

Allianz

Permira

Mercer Alternatives AG

Deutsche Glasfaser Asset I GmbH

J.P Morgan Securities Plc

Signature Capital

Firce Capital

Work highlights

  • Advised ING Bank in connection with a €625m unsecured pan-global debt refinancing arranged for Cromwell European REIT (CEREIT), a diversified Pan-European Real Estate Investment Trust.
  • Advised HQLAx and Deutsche Börse on their jointly developed distributed ledger technology based solution for frictionless collateral swaps in the securities lending market.
  • Advised the European Investment Bank in the context of the financing to facilitate Société Nationale des Chemins de Fer Luxembourgeois’ acquisition of 34 new train sets.

Elvinger Hoss Prussen

Well-established independent heavyweight Elvinger Hoss Prussen has a 'deep knowledge of Luxembourg law and the market, as well as international considerations', enabling it to effectively advise local and international lenders, corporates and funds across myriad banking and finance mandates. On the capital markets front, the team, under the guidance of Philippe Prussen, has handled some large-scale bond issuances for major international corporates, including Richemont International Holding, which Prussen advised on the Luxembourg law aspects of its €2bn issuance of Guaranteed Notes. Pit Reckinger and André Hoffmann have vast experience advising on regulatory and transactional work in the sector, including as it pertains to banking M&A, and co-head the overarching team that also includes Karl Pardaens (who excels at handling capital markets work, as well as fintech-related matters).

Practice head(s):

Pit Reckinger; André Hoffmann

Other key lawyers:

Karl Pardaens; Philippe Prussen; Thierry Kauffman; Cintia Martins Costa

Testimonials

‘Excellent availability, thorough analysis and, compared to other law firms, quick turnarounds.’

‘The firm is rated for the outstanding quality of partners, senior associates, associates and entire team, which has a law firm environment with international breadth. It also has deep knowledge of domestic Luxembourg law and the market, as well as on international considerations. Summing up, Elvinger Hoss Prussen is the ideal partner for every deal.’

‘The team provides very precise and to-the-point advice.’

Key clients

The European Investment Fund

ArcelorMittal SA

Richemont International Holding

Logicor

Ternium Investments

Advanzia Bank

Crystal Almond

Intelsat

Nexa Resources

Belron

NREP

Cinven/Astorg

Quilvest Capital Partners

Avenue Europe

Ardagh Group

Wecan Group

Azimut Private Equity

TDR Capital

Bank Hapoalim (Switzerland)Ltd, Luxembourg Branch

Société Générale Bank & Trust

Work highlights

  • Advised the European Investment Fund in the drafting and negotiation of the Luxembourg law governed financing documents (ie template guarantee facility and transactional documentation) to be entered into with certain eligible financial institutions.
  • Advising ArcelorMittal in its issuance of numerous bond offerings, including for general corporate purposes including refinancing of existing indebtedness.
  • Advised Richemont International Holding S.A. on the Luxembourg legal aspects of its issuance of €2bn Guaranteed Notes.

Linklaters

Linklaters' three-partner team provides 'very pragmatic and solutions-oriented' local law advice to lenders and borrowers engaged in high-profile multi-jurisdictional banking and capital markets mandates, running the gamut from advice on acquisition financing to implement hybrid bank and bond facilities, through to complex restructuring and insolvency mandates. 'Outstanding' team head Nicki Kayser is 'very quick at understanding the issues and at solving them', and is appreciated by creditor-side clients, as well as borrowers/issuers, across a range of new money and refinancing mandates, including on numerous large bond issuances. The 'top-notchPatrick Geortay is well-versed at advising on transactional mandates, while also able to provide 'very clear and concise legal opinions' across a wide range of standalone regulatory matters, including as it relates to anti-money  laundering (AML). Melinda Perera has a 'good knowledge of the legal, commercial and political environment', enabling her to provide 'highly analytical' advice to stakeholders, both in the context of transactional and stand-alone regulatory advice. 'Very trustworthy' counsel Eliane Dejardin Botelho excels in regulatory matters and has been involved in a number of bank and insurance setups and reorganisations, both domestically and abroad.

Practice head(s):

Nicki Kayser

Other key lawyers:

Patrick Geortay; Melinda Perera; Janine Biver; Rémy Bonneau; Eliane Dejardin Botelho; Delphine Horn; Anna Christina Görgen; Bart Vermaat; Harry Ghillemyn; Katia Fettes; Diogo Casqueiro; Laurence Ouverleaux

Testimonials

‘The team provides very swift and accurate legal feedback.’

‘The responsive team provides very pragmatic and solutions-oriented advice.’

‘The firm is very reactive and able to provide tailor-made advice and solutions.’

‘The outstanding Nicki Kayser is very quick at understanding the issues and at solving them. A real pleasure to work with.’

‘Nicki Kayser is very commercial and pragmatic, genuinely listens to the client and provides high-quality advice on time and on budget.’

‘Patrick Geortay is a top-notch lawyer. He has excellent legal writing skills and his memos/opinions are clear, concise and precise and overall very useful to enable decisions.’

‘Melinda Perera has good knowledge of the legal/commercial/political environment.’

Eliane Dejardin Botelho is very trustworthy.’

‘Bart Vermaat has high analytical and research skills.’

Key clients

Abengoa

Steinhoff

CVC Capital Partners

Triton

NorteGas Energía Distribución

Groupe Bruxelles Lambert

Crédit Agricole Corporate and Investment Bank

BGL BNP Paribas

Glencore Finance (Europe) Limited and Glencore Plc, GlencoreInternational AG and Glencore (Schweiz) AG

LafargeHolcim Ltd

Brait SE

Centerbridge Partners

Bank of China Limited

China Construction Bank Corporation

Swiss Reinsurance Company Ltd

CK Hutchison Group Telecom Finance S.A. and CK Hutchison Group Telecom Holdings Limited

Clearstream Banking S.A.

Work highlights

  • Advising the Spanish renewable energy company Abengoa, in relation to the implementation of a global restructuring involving the reduction of pre-restructuring old money group corporate debt from circa. €8.9bn to circa. €2.6bn.
  • Advised Triton Fund V on the Luxembourg corporate and tax aspects of the closing of its acquisition of IFCO Systems BV,  being the third investment of Triton Fund V.
  • Advised NorteGas on the establishment and implementation of a HoldCo financing platform at the level of two newly incorporated Luxembourg entities.

Loyens & Loeff

Well regarded by banks and funds, as well as referred to by international law firms, Loyens & Loeff 'is very knowledgeable and has longstanding experience on various financing transaction matters'. Established as 'one of the very few "go-to partners" in Luxembourg for capital markets transactions', Cédric Raffoul is well-versed in handling both debt and equity issuances for lenders and borrowers, including his recent work for Goldman Sachs, as underwriter,  on Bain Capital's high-yield issuance to facilitate its acquisition of Kantar from WPP. Vassiliyan Zanev is noted for his structured finance expertise, which includes structuring securitisation programmes utilising a range of underlying assets, including trade receivables and mortgage loans. Zanev also spearheads the firm's 'standout fund finance' offering. 'Highly committed to providing a quality service', Michael Schweiger heads up the firm's financial services regulatory sub-group and is noted, in particular, for his expertise on governance matters, in part due to his many years' experience as head of legal and corporate governance for Royal Bank of Canada throughout Europe. Anne-Marie Nicolas rounds out the team at a senior level and spearheads the firm's acquisition finance and financial restructuring offering. Senior associate Elie-Raphaël Soudry is 'really outstanding for secured lending and real estate financing operations'. Antoine Fortier Grethen left the firm.

Practice head(s):

Anne-Marie Nicolas (Acquisition Finance and Financial Restructuring); Vassiliyan Zanev (Securitisation and Fund Finance); Cédric Raffoul (Capital Markets); Michael Schweiger (Financial Regulatory)

Other key lawyers:

Natalja Taillefer; Maude Royer; Alvaro Garrido Mesa; Elie-Raphaël Soudry; Tina Fettes; Adrien Pierre

Testimonials

‘The team is very knowledgeable and has longstanding experience on various financing transaction matters.’

‘They provide high-quality advice on capital markets matters.’

‘They are responsive, thoughtful, always available, practical and a key support for us in Luxembourg fund financings. We see them as the stand-out practice on the fund finance side in Luxembourg.’

‘Michael Schweiger is an expert on governance matters and is highly committed to providing quality service. He is able to deal with people at all levels and is respected. He is a great asset for any organisation and we are extremely grateful for the support he provided.’

‘Michael Schweiger – approachable, very good knowledge of the industry, good sense of humour’.

Adrien Pierre – very technical and meticulous on a given topic. Follows through on requests. ’

‘Elie-Raphaël Soudry is really outstanding for secured lending and real estate financing operations. He is knowledgeable and defends his client’s interest, but also always works towards an appropriate and commonly acceptable solution in order to get the deal done. His availability and sense for pragmatic approach are very helpful in tense situations among the principles.’

Key clients

Bank of America

Citigroup

Goldman Sachs

Hayfin Capital Management

JP Morgan

KKR

Tikehau

Morgan Stanley

SMBC

Natixis

EQT Partners

Wells Fargo

Société Générale

Work highlights

  • The firm advised Goldman Sachs on a $3bn financing, including by issuance of notes, to facilitate Bain’s acquisition of Kantar from WPP.
  • Advised certain lenders providing the financing to facilitate the borrowing consortium’s €17bn acquisition of the elevator division of Thyssenkrupp AG.
  • Advised the Galapagos group on its landmark €1bn debt restructuring and refinancing.

Bonn Steichen & Partners

Bonn Steichen & Partners advises lenders and borrowers on a broad array of conventional and more esoteric financing structures (including fund financing), both on the capital markets front and on the bank loan side. Team head Laurent Lazard 'has an encyclopedic knowledge of corporate structures and financing considerations', particularly as it relates to securitisation matters. Praised for her 'drive, commitment and knowledge', Nuala Doyle also handles structured finance matters, as well as broader debt and equity capital mandates.

Practice head(s):

Laurent Lazard

Other key lawyers:

Pierre-Alexandre Degehet; Nuala Doyle

Testimonials

‘Laurent Lazard and his team are market leaders.’

‘Laurent Lazard has an encyclopedic knowledge of corporate structures and financing considerations.’

‘I was impressed by the drive, commitment and knowledge of Nuala Doyle.’

Key clients

IVS Group S.A.

ADO Properties S.A.

Biotoscana Investments SA

Eurosender

Goldman Sachs International

ACREFI Mortgage Lending, LLC

Bayerische Landesbank

VTB Bank (PJSC)

ABSA Bank

Solutions 30 SE

LLC Sberbank Investments

B2Kapital Holding S.à r.l.

Novus Capital Luxembourg S.A. (SPV set up by Nomura)

Work highlights

  • Advised ADO Properties on a voluntary public takeover offer for the shares of ADLER Real Estate AG in exchange for new shares of ADO Properties S.A, as well as on the implementation of a fully underwritten €450m rights issue.
  • Advised Solutions 30 SE on the IPO of all issued shares from non-regulated markets to regulated market Euronext Paris, as well as on a total revamping of corporate governance and articles of association to comply with regulatory requirements further to IPO.
  • Advised Goldman Sachs on a margin loan facility for a private equity client, which was subsequently used to  finance the acquisition of shares of a large telecoms company.

NautaDutilh

Leveraging the firm's significant Benelux presence and also continuing to handle a sizeable amount of UK and US-originated work, helped by Luxembourg desks in both London and New York, NautaDutilh provides 'responsive and flexible' advice to banks, asset managers and corporates engaged in cross-border transactions. Josée Weydert is particularly accomplished on the capital markets front, with expertise for banks and issuers on high-yield offerings, as well as in relation to complex structured finance mandates. Margaretha Wilkenhuysen co-heads the Luxembourg-based team alongside Weydert, while the 'extremely responsive and knowledgeable' counsel Ann Blaton  spearheads the Luxembourg desk from London and has been pivotal to the firm's success in engendering strong ties with UK-based clients.

Practice head(s):

Josée Weydert (Capital Markets and Banking & Finance); Margaretha Wilkenhuysen (Capital Markets and Corporate)

Other key lawyers:

Nicolas Bonora; Ann Blaton; Meliha Dacic

Testimonials

‘The firm provides highly responsive and commercial advice.’

The team is very responsive and flexible.’

‘The team brings solutions to cross-border transactions with speed and detailed information.’

‘They show a willingness to work “independently” from their instructing firm, taking the reigns on matters of Luxembourg law and advising us and the client of the correct approach.’

‘Ann Blaton is always extremely responsive and knowledgeable.’

‘Ann Blaton is practical, client friendly and good at solving issues.’

‘Nicolas Bonora is excellent.’

Key clients

Bank of America Merrill Lynch

Belfius Bank

BGL BNP Paribas

Credit Suisse International

Deutsche Bank

Deutsche Pfandbriefbank

European Investment Bank

Goldman Sachs International

ING Bank

Jefferies Finance LLC

United Overseas Bank

Work highlights

  • Advised Thomas H. Lee Partners on the acquisition of AutoStore and the rollover by the seller and managing team of AutoStore.
  • Assisted Dufry group on the €700m tender offer of its Luxembourg subsidiary, backed by a new bond offering of the Dutch Dufry entity.
  • Assisted Masonite International Corporation on Luxembourg corporate law and banking law issues in connection with its $300m high-yield bond offering.

Dentons

Although it is relatively small compared to some of its peers in the market, Dentons' one-partner team, which is led by Stéphane Hadet, is praised for its 'pragmatism and results-orientation', and is well-positioned to advise on a range of substantial cross-border banking and capital markets matters by virtue of its ability to draw upon the expertise of lawyers spread across the firm's vast international network. Hadet has 'strong knowledge on fund financing matters', and is also regularly involved in real estate finance transactions.

Practice head(s):

Stéphane Hadet

Other key lawyers:

Christophe Renaudin

Testimonials

‘Major strengths include responsiveness, knowledge sharing, pragmatism, result orientation, and budget management.’

Stéphane Hadet has strong knowledge on fund financing matters.’

Key clients

Volkswagen Financial Services (UK) Limited

Erste Bank Group AG

HB Reavis Holding S.A.

GLL Real Estate Partners

FMS Wertmanagement

Lloyds Bank

Barings

Silicon Valley Bank

Citibank

HSBC Bank plc

Work highlights

  • Advised Nuveen Real Estate as borrower on the €230m refinancing of Berlin shopping centre Gropius Passagen.
  • Advised CPI Property Group (CPI), the leading owner of income-generating real estate in the Czech Republic, Berlin and CEE region, on the issuance of Regulation S €750m green bonds. This transaction represents CPI’s debut green bond issuance, making CPI the first real estate group to issue green bonds in its region.
  • Advised Savills Investment Management on its acquisition of the Leroy Merlin distribution centre near Lodz from Invesco Real Estate. The scope of the work included assistance with respect to the review and negotiation of the facility agreement and the Luxembourg security package required within the framework of the financing of the acquisition.

DLA Piper

Backed by its vast international network, DLA Piper's two-partner team 'has rapidly developed good cross-border capabilities', since its establishment in 2017, and is appreciated for its 'very hands-on approach to realising cross-border finance transactions'. 'Proactive' team head Xavier Guzman  'is always able to assist on short notice, whenever Luxembourg law matters are relevant for a transaction', particularly as it relates to secured lending and acquisition finance matters. The 'diligent, responsive and pragmaticLaurent Massinon is the other partner within the team and provides a 'strong commercial mindset' across a range of capital markets, project finance and regulatory matters.

Practice head(s):

Xavier Guzman

Other key lawyers:

Laurent Massinon; Constantin Iscru; Christina Nickel; Yann Zellet

Testimonials

‘The firm offers comprehensive advice in the field of asset finance and the team has a good knowledge of the banking regulatory framework.’

‘The banking, finance and capital markets team of DLA Piper Luxembourg has a very hands-on approach to realising cross-border finance transactions. They are very responsive, precise and have great experience and knowledge of the market.’

‘Xavier Guzman is always proactive and provides valuable input.’

‘Xavier Guzman is a very experienced finance lawyer and also a good negotiator. He is always able to assist on short notice whenever Luxembourg law matters are relevant for a transaction.’

‘Laurent Massinon is an outstanding individual across capital markets and regulatory matters.’

‘Laurent Massinon is very diligent, responsive and pragmatic.’

Key clients

Credit Suisse Infrastructure Partners AG

Medtronic Global Holdings S.C.A.

Herbalife Nutrition Ltd.

Allianz Real Estate GmbH

Axalta Coating Systems

Danaher Corporation

Signature Capital

Acea Capital A/S

BMI Group

Kleos Space S.A.

FFF Real Estate S.à r.l.

Ares Management

FinLab AG

SONAE Investment Management – Software and Technology

Generali Real Estate S.p.A

Covidien International Finance S.A.

Société Générale

Aareal Bank AG

Nordic Wind Power DA

Apsys Group

Deka Bank

Heitman

Harbert Management

Work highlights

  • Advised Herbalife Nutrition on the accession by a new Luxembourg entity to the existing $1.25bn credit facility agreement, and a $1.25bn notes issuance in which seven other Luxembourg entities were involved.
  • Advised Medtronic Global Holdings S.C.A. on its $3.5bn notes issuance.
  • Advised DH Europe Finance II S.à r.l. on its issuance of $4bn euro-commercial paper notes and the issuance of $6.5bn notes.

Stibbe

The 'efficient and proactive' two-partner team at Stibbe provides a 'cost-effective and pragmatic service' on financings, directly on behalf of private equity firms/asset managers, as well as in the context of working alongside many large US and UK law firms to provide the local law advice on capital markets and securitisation matters. 'Very pragmatic' counsel Jean-Marc Delcour is the main contact for finance work, including as it relates to high-yield bond issuances and IPOs.

Practice head(s):

Gérald Origer; Jean-Marc Delcour

Other key lawyers:

Audrey Jarreton

Testimonials

‘The firm is efficient, proactive and sensible on fees.’

‘The very pragmatic Jean-Marc Delcour is an excellent lawyer.’

‘Jean-Marc Delcour provides succinct and effective advice.’

Key clients

China Merchant Bank Co, Ltd, Luxembourg Branch

Société Générale

Goldman Sachs International

Investindustrial

Tarkett Group

Hoist Finance

KTB Intestments

Constellium

Topaz Group

B&S Group

Truist Bank

Helaba – Landesbank Hessen-Thüringen

DekaBank Deutsche Girozentrale

DW Healthcare Partners

Prudential Insurance Company of America (PGIM)

Deutsche Bank

Kartesia Management SA

Work highlights

  • Assisting Deutsche Bank on a €313m loan to Apollo Global Management for the financing of the acquisition of 20 properties located in Germany.
  • Assisting KBC Bank, as guarantor, and KBC IFIMA, its Luxembourg subsidiary, as issuer on (i) a €10bn medium-term note programme and (ii) a €1bn warrant programme.
  • Assisting Erste Group Bank AG on a state-supported rescue financing for Austrian Airlines.

Wildgen

The 'very responsive and approachable' two-partner team at Wildgen provides 'solutions-oriented' advice to banks and private equity sponsors on acquisition financing mandates, utilising debt from across the capital structure. The 'committed and motivated' Mevlüde-Aysun Tokbag co-heads the team alongside Michel Bulach, and excels in providing regulatory and transactional advice to German clients.

Practice head(s):

Michel Bulach; Mevlüde-Aysun Tokbag

Other key lawyers:

Giuseppe Cafiero; Michael Mbayi

Testimonials

‘The firm provides solutions-oriented advice.’

‘The team was very responsive and approachable.’

‘The firm is well-positioned to assist with significant and multi-faceted transactions. The firm is highly regarded for banking and financial issues, and stands out from others with the resourcefulness of its seasoned professionals and deep understanding of its clients.’

‘Mevlüde-Aysun Tokbag is an outstanding personality: there is always a solution!!’

‘Mevlüde-Aysun Tokbag is committed and motivated.’

‘Giuseppe Cafiero is client focused and often helps us make material and sometimes innovative structuring decisions.’

Key clients

4 Finance

ALFA Luxembourg / Marriott

Bank of Beirut

DDM Group Finance S.A.

Dover Corporation

Innit International SCA

Michelin

Pacific Drilling

Stena AB Group

Trafigura Funding SA

WFS Group

Work highlights

  • Advised real estate investment manager, Primevest Capital Partners, on a finance facility for the roll-out of a fibre optic network in the Netherlands.
  • Advised a leading international solar project developer and operator on the financing to facilitate the purchase of renewable energy projects located in Poland and Hungary.
  • Advised Stena International S.A. on the issuance and listing on the International Stock Exchange of $350m senior secured notes and €315m senior secured notes. The firm also assisted other Luxembourg companies of the Stena Group acting as guarantors under the notes issuance.

Baker McKenzie

The 'knowledgeable and accessible' two-partner team at Baker McKenzie provides 'practical and client-focused advice' to lenders and borrowers across a range of real estate and acquisition finance-related work, as well as on capital markets and restructuring matters. The 'proactiveLaurent Fessmann co-heads the team alongside Jean-François Trapp and is noted, in particular, for his niche fund finance and global custody expertise.

Practice head(s):

Laurent Fessmann; Jean-François Trapp

Other key lawyers:

Sybille Briand; Manuela Dias Marques; Alexis Bouvet; Aline Koenig

Testimonials

‘The team provides practical, client-focused advice in a timely manner. The team is accessible, knowledgeable and is always willing to step in with solutions when problems arise.’

‘The team is always responsive and considers how we’ve done previously and what can be changed to make it better.’

Laurent Fessmann is proactive.’

Key clients

Invesco Real Estate

Blackstar

Cabot Financial

Ultima Capital

Work highlights

  • Advised Swiss luxury real estate owner, developer and operator Ultima Capital SA on the listing of its shares on the BX Swiss exchange.
  • Advised Blackstar Capital on structuring and establishing a Luxembourg-based securitisation special purpose vehicle platform, to be used to finance multiple transactions across its business lines.
  • Advisory work in connection with the issuance by Cabot Financial (Luxembourg) II S.A. of €400m  aggregate principal amount of senior secured floating rate notes due 2024.

Bonn & Schmitt

Although it is relatively small compared to some of its higher-ranked peers, Bonn & Schmitt's two-partner team is 'very responsive and on top of things', and acts for banks and funds engaged in transactional work and litigation in the sector. The 'very skilledNicolas Widung co-heads the team alongside Alex Schmitt, and has recently handled some notable domestic Luxembourg transactions, including on behalf of the senior lenders providing the financing to Firce Capital on its acquisition of the Belval Plaza shopping mall.

Practice head(s):

Alex Schmitt; Nicolas Widung

Testimonials

‘Very responsive and on top of things. The lawyers never miss a deadline, are always available for a call and comply carefully with any instruction given to them. Finally, their pricing is fair and and they tend to stick to the agreed fee quote. They will always inform us of any possible costs overrun. ’

‘Nicolas Widung is very skilled in his field, is easy to reach and provides good advice when needed.’

Key clients

Banque Internationale à Luxembourg

EQT Partners

Bayerische Landesbank

EDFI MANAGEMENT COMPANY N.V.

CREDEM INTERNATIONAL (LUX)

Capvis Equity Partners

China Development Bank

Cerberus Capital Management

Ad-hoc group of holders of notes issued by Galapagos S.A.

Banca Popolare dell’Emilia Romagna

Crédit Agricole Corporate and Investment Bank

Work highlights

  • Lead counsel to Banque Internationale à Luxembourg, China Construction Bank (Europe) S.A. and Bank of China Limited, Luxembourg branch on the senior financing to facilitate Firce Capital’s acquisition of the Belval Plaza shopping mall.
  • Lead counsel to Banque Internationale à Luxembourg and Banque Populaire Alsace Lorraine Champagne on the financing of the LBO of Stoll Trucks.
  • Acted as Luxembourg counsel to a group of noteholders on the Galapagos €1bn debt restructuring.

CMS

Led by the 'knowledgeable and committedVivian WalryCMS's 'very capable and efficient' one-partner team acts on its own, as well as alongside practitioners from throughout the firm's international network, on behalf of a bank-focused client base across a range of real estate and acquisition finance transactions. The team is also well-versed at financial services regulatory issues, including in the context of fintech work.

Practice head(s):

Vivian Walry

Other key lawyers:

Aurélia Viémont

Testimonials

‘It is a very capable and efficient team which provides a great level of service.’

‘Vivian Walry is knowledgeable, committed to the task and focused on the advice to be delivered.’

Key clients

Bank of Ireland

UniCredit Bank

Aquila

Royal Bank of Scotland

EBRD

Helaba Landesbank Hessen-Thüringen

Erste Bank

Raiffeinsenbank International

Aareal

Novo Banco

Work highlights

  • Advising a syndicate of banks including Black Sea Trade and Development Bank, ING and UniCredit on the extension and $100m increase of a pre-export credit facility to Ukraine’s Kernel Group.
  • Advising Unicredit Bank Austria AG on the facility agreement granted for the €370m acquisition and refurbishment of Austria-based Hilton Parkview.
  • Advising the European Bank for Reconstruction and Development on an approximately $13.9m loan to Ukraine’s Irshanska SES LLC, to support the construction and operation of the 30MW solar power plant in the Zhytomyr region of Ukraine.

GSK Stockmann

Since opening in 2016, GSK Stockmann SA has made substantial inroads into the local market, as a result of its 'service-minded' and 'highly sophisticated' advice to myriad stakeholders, including banks and fund managers, across a range of banking and capital markets mandates. Although the firm has grown substantially across its associate ranks, it remains very partner-led and therefore well-suited to advising on complex transactions, including on structured finance matters and bond issuances (including within an ESG context). Given the firm's German heritage, perhaps unsurprisingly, the team is well-suited to advising German-speaking clients, and this is perhaps most visible in the real estate finance space for German banks. The team also continues to make inroads among the growing number of Chinese stakeholders in Luxembourg and has two Chinese-speaking lawyers at the firm that are well-positioned to exploit this trend. The 'dedicated, knowledgeable and pragmaticAndreas Heinzmann is very well-regarded in the market; he has recently advised several issuers on high-yield bonds governed by Luxembourg law.

Practice head(s):

Andreas Heinzmann; Dr. Philipp Moessner; Dr. Marcus Peter; Mathilde Ostertag

Other key lawyers:

Dr Manuel Fernandez; Valerio Scollo

Testimonials

‘The firm has become our go-to law firm in relation to our Lux securitisation vehicle and our securitisation transactions. They have a friendly and knowledgeable team.’

A very service-minded team; short response times and always quite dedicated to the task.’

‘The team has in-depth knowledge of international capital markets transactions.’

‘The team is hands-on, responsive, proactive and knowledgeable.’

Highly sophisticated, experienced and international team. Very responsive and hands-on.

‘Andreas Heinzmann has shown extensive expertise with regard to our securitisation transactions and is always forthcoming and quick to respond.’

‘Andreas Heinzmann stands out as a dedicated, knowledgeable and pragmatic adviser. He understands our business and needs and we also appreciate that he points out potential issues which are not within his core expertise, involving respective colleagues where needed.’

‘Valerio Scollo has been particularly helpful and responsive. I know that I can always rely on him to support and help find a solution.’

Valerio Scollo is a hardworking senior associate we like to work with.

Key clients

EQT

Aroundtown SA

Grand City Properties S.A.

China Merchants Bank

SAF-Holland

Bank of China

Hauck & Aufhäuser Bank

Colony Capital

DG HYP

4finance Group

Vicenda Asset Management

AXA Investment Managers

Airbus Bank

Westbrook

Heitman

WRM Capinvest

Channel Finance S.A

Work highlights

  • Advised Aroundtown SA on the voluntary public takeover offer to the shareholders of TLG Immobilien AG, providing corporate and capital markets legal advice, assisting with the future setup of the new corporate governance structure and leading the €2.4bn capital increase of Aroundtown in connection with the share for share exchange.
  • Advised 4 finance S.A. in the context of the convening and the organisation of a bondholders meeting of    €200m bonds outstanding including retail and institutional investors under the backdrop of the Covid-19 pandemic.
  • Advised Mediobanca in the context of a syndication of a €500m facility originally granted by Natixis and BNP Paribas to Telecom Monaco.

KLEYR GRASSO

Benefiting from a 'depth of experience across a range of transactions', KLEYR GRASSO handles work within the banking sector from a pure finance perspective, as well as in relation to adjacent litigation, corporate and restructuring work. The firm primarily acts for borrower clients and recently advised Samsonite on the provision of a $600m term loan facility to help shore up its balance sheet in the aftermath of the Covid-19 pandemic. The 'very friendly and open-mindedRenata Jokubauskaite and 'technical but practicalDelphine Tempé are pivotal members of the team and spearheaded the firm's work on behalf of Samsonite.

Practice head(s):

Rina Breininger; Jean-Paul Spang; Pascal Sassel; Renata Jokubauskaite

Other key lawyers:

Delphine Tempé

Testimonials

‘The firm has a depth of experience across a range of transactions and provides practical advice.’

‘The team has a client-oriented mindset and produces good work quality.’

‘Delphine Tempé and Renata Jokubauskaite provide technical but practical advice to legal issues.’

‘Renata Jokubauskaite is very friendly, open-minded and keen to discuss alternative strategies for all parties.’

Key clients

TA Associates

Samsonite

Work highlights

  • Advised Samsonite on the process of the syndication and allocation of a new term loan borrowing facility in the aggregate principal amount of $600m and the amendment of its credit agreement. This operation enhanced Samsonite’s strong liquidity position and increased its financial flexibility in the context of the Covid-19 pandemic.
  • Advising global growth private equity firm TA Associates on a range of its investments, including its acquisition of IFS and online insurance brokerage Netrisk. These instructions also included financing aspects pursuant to the deals.

Luther S.A.

Appreciated by clients for its ability to 'provide an individualised service', Luther S.A.'s four-strong team is particularly well-suited to advising borrower clients, including family offices, SMEs and start-ups, on their financing requirements. 'Very well-connected' team head Bob Scharfe has 'vast knowledge and experience' across a range of transactions, including structured finance and capital markets. As well as continuing to serve the firm's strong corporate client base, Scharfe has also effectively begun to establish greater traction among lenders, including numerous German banks.

Practice head(s):

Bob Scharfe

Other key lawyers:

Marion Lanne; Sinan Ulkër

Testimonials

‘Highly experienced team on complex structured finance and capital markets matters.’

‘The lawyers within the team listen to your needs first (very important!). And due to their vast experience and knowledge (far beyond just banking and finance) understand them incredibly fast (even more important!). This enables them to offer an individualised service – without billing unbelievable amounts of hours.’

‘Bob Scharfe is very calm under pressure.’

‘Bob Scharfe has vast knowledge and experience and therefore the ability to look at matters from different angles/perspectives and to think outside of the box. He is also very well-connected in Luxembourg as well as to the other international offices of Luther.’

Key clients

BidFair/Patrick Drahi

Altice Group

DZ HYP AG

Tristan Capital Partners

N A S Invest Group

Work highlights

  • Advising BidFair, a company wholly owned by the media and telecoms entrepreneur Patrick Drahi, on its $3.7bn acquisition of international auction house Sotheby’s.
  • Advising Altice International S.A. on the restructuring and issuance of new senior secured notes of €2.8bn and the relevant refinancing.
  • Advising the NAS Invest Group on the Luxembourg corporate and finance aspects of its acquisition of the landmark 27-floor high-rise tower development project 99 West in Frankfurt from BNP Paribas Real Estate Property Development.

Ogier

Particularly strong on the fund finance side, by dint of the firm's ability to provide a cohesive service from Luxembourg and its Cayman Islands office, offshore heavyweight Ogier has successfully cultivated a strong following among banks and asset managers, as well as law firm referrers, since its establishment in 2012. Daniel Richards heads the banking and finance team that also includes the 'technically excellent, personable and very responsiveJad Nader, whose arrival in August 2020 from NautaDutilh's New York office (where he headed up the Luxembourg desk) enhances the firm's ability to serve US clients on fund finance, as well as acquisition finance and debt restructuring matters. Fabien Debroise  joined Ashurst in December 2019.

Practice head(s):

Daniel Richards

Other key lawyers:

Jad Nader; Nicolas Mille; Fiona Keating; Caleb Holder; Fiona Schneider; Lawène Mulla; Sarra Benslima

Testimonials

‘The team is very responsive.’

‘Jad Nader is technically excellent, personable and very responsive.’

Key clients

HSBC

Silicon Valley Bank

Work highlights

  • Advised a market-leading lender in the fund finance space, in respect of Cayman Islands law as well as Luxembourg law, on several subscription finance facilities with commitment amounts of up to $4bn granted to, among others, one of the largest global private equity fund groups and the biggest ever private equity fund with $26bn in capital commitments.
  • Advised a consortium consisting of private equity firms on the financing aspects of the $3.4bn take-private of a pioneer and world leader in mobile satellite communications.
  • Provided a €600m ESG-linked facility to Investindustrial, one of the first European mid-market ESG-linked subscription lines.

AKD

'Extremely dedicated to their clients' needs and very useful in solving complex situations', AKD has developed a particularly strong reputation for handling structured finance and securitisation work since the opening of its Luxembourg office in 2016.  Combining 'a French human style with US execution power'team head Basile Fémelat is, according to one client, 'definitively the lawyer to instruct on any complex debt capital markets matters in Luxembourg and beyond'. The team was also recently strengthened by Yann Hilpert's arrival from DCL Avocats in February 2021.

Practice head(s):

Basile Fémelat

Other key lawyers:

Arnaud Barchman; Yann Hilpert; Delphine Gomes

Testimonials

‘Extremely dedicated to their clients’ needs and very useful in solving complex situations, they always find the right and most pragmatic solutions to achieve our goals in the most time and cost-effective way.’

Basile Fémelat is definitively the lawyer to instruct on any complex debt capital markets matters in Luxembourg and beyond. His knowledge goes beyond the sole legal analysis to also include assistance in financial and strategic decisions as well.’

Basile Fémelat combines a French human style with US execution power.’

‘Arnaud Barchman is very pragmatic, responsive and reliable.’

Key clients

WindsahreFund

Emera

Ipaylinks Luxembourg

DRC Capital

Esprit Eurpe GmbH

Henderson Park

Bridgepoint

Vivion

AIMCO

Credit Suisse

KfW

Royal Bank of Scotland

x+bricks

Work highlights

  • Advised Emera with the financing and restructuring of the acquisition of several companies managing and developing residences for seniors, including in Luxembourg, for an aggregate amount of €270m.
  • Advised Henderson Park and Greystar (through a Luxembourg joint-venture entity) as borrowers on the financing of the acquisition of residential real estate properties located in London, for an aggregate amount of £385m.

Dupont Partners

Under the guidance of experienced practitioner Peter-Jan BossuytDupont Partners continues to thrive in the local market since its formation in December 2018. Particular areas of strength include securitisation advice, fund finance, real estate finance and acquisition finance (both corporate and sponsor-led).

Practice head(s):

Peter-Jan Bossuyt

Key clients

Oberberg

JP Morgan Asset Management

Prime Capital

Hamburg Commercial Bank

Work highlights

  • Advised the Oberberg Group in connection with the successful refinancing of its existing credit facilities.

Hogan Lovells (Luxembourg) LLP

Led by Pierre Reuter, the 'responsive and efficient' team at Hogan Lovells (Luxembourg) LLP handles a range of banking and capital markets work, including novel transactions such as its recent advice to the lead manager banks on a renewable energy covered bond issued by Nord/LB. Real estate finance remains a core area of focus, however, with regular instructions flowing from funds and lenders, particularly relating to German commercial property assets.

Practice head(s):

Pierre Reuter

Other key lawyers:

Ariane Mehrshahi Marks

Testimonials

‘We found the team responsive and efficient.’

‘It is well-organised and responsive.’

Key clients

BNP Paribas

Swissport (HNA Group)

PD Ports Group (Brookfield Infrastructure)

Citibank

Deutsche Bank

Barclays Bank

PVH Corp

Volkswagen (financial services/leasing)

M&G Real Estate

CACIB

Norddeutsche Landesbank – Girozentrale – / NORD/LB Luxembourg S.A. Covered Bond Bank

ABN AMRO Bank N.V.

Commerzbank Aktiengesellschaft

Edmond de Rothschild

Work highlights

  • Advised four banks on the legal documentation of the first ‘Lettre de Gage énergies renouvelables’ issued by Nord/LB under Luxembourg law.
  • Advised PD Ports Group on its £470m syndicated refinancing arranged by two Canadian banks, and on its group reorganisation.
  • Regularly advising real estate investors on the financing of their European acquisitions.

Norton Rose Fulbright

'Very detailed and thorough in its approach to complex problems', Norton Rose Fulbright provides a 'highly professional service' to a substantial and growing roster of banks and funds across the waterfront of their finance needs. Team head Stéphane Braun handles debt and equity capital markets work, structured finance and general bank lending mandates, and as well as leading on deals from Luxembourg, he also regularly provides the local law input pursuant to international mandates handled by the firm's vast network of offices.

Practice head(s):

Stéphane Braun

Other key lawyers:

Cyril d’Herbes; Nam Nguyen-Groza

Testimonials

‘The team is very reactive to any request and provides a strong support service.’

‘Very detailed and thorough in its approach to complex issues.’

‘Norton Rose Fulbright has provided a responsive and highly professional service.’

Key clients

Bayerische Landesbank

Crédit Agricole

JB Asset Management Corp

KKR

The Royal Bank of Scotland

Bank of America

BNP Paribas

Société Générale / SGBT

Citibank

Bank of China, Luxembourg Branch

National Bank of Greece S.A.

European Investment Bank

Goldman Sachs

Toronto Dominion

JP Morgan Chase

National Bank of Canada

Royal Bank of Canada

AIG

East West United Bank

Kulczyk

Banque Havilland

Cardif Lux Vie

BOS Wealth Management Europe S.A.

Warburg Pincus

USAA

THE STANDARD GROUP CLUB

CEDAR OXYGEN

The SCP Group

REVENIO CAPITAL

Work highlights

  • Advising Crédit Agricole Corporate and Investment Banking in its role as arranger, facility agent, and lender within the framework of a Japanese operating lease with call option (JOLCO) transaction put in place for a Boeing 747-400 freighter aircraft run by Cargolux Airlines International S.A.
  • Advised international investment firm The SCP Group on the financing of its acquisition of German hypermarket chain Real from METRO AG.

Simmons & Simmons in Luxembourg

Benefiting from a 'deep knowledge of local and foreign laws', Simmons & Simmons in Luxembourg is well-positioned to 'explain Luxembourg specificities and practicalities' in relation to cross-border finance transactions handled by the firm. Team head Louis-Maël Cogis provides 'well-founded and highly practical advice' to borrowers and banks across a range of banking and capital markets work, as well as on regulatory matters. Fund finance, real estate finance and securitisation-related work are particular strengths.

Practice head(s):

Louis-Maël Cogis

Other key lawyers:

Cathrine Foldberg Møller; David Van Gaever

Testimonials

‘It is a coherent team that is able to explain Luxembourg specificities and practicalities and has deep knowledge of local and foreign laws.’

‘Unparalleled knowledge of Louis-Maël Cogis as partner and country head, across different legal areas and practical application of legal advice. He always provides well-founded and highly practical advice.’

‘Catherine Foldberg Møller displays deep knowledge.’

Key clients

European Investment Fund

Funding Circle Limited

Deutsche Bank

Morgan Stanley & Co. International plc

Nomura International plc

Mediobanca S.p.A.

BBVA

NatWest Markets

BNP Paribas

ING Bank N.V.

Aermont Capital Management Sarl

Equinox AIFM

Valor Real Estate Partners

Savills Investment

Eppf

Work highlights

  • Acting as local counsel to Luxembourg entities in relation to a major restructuring financing transaction for the acquisition of office real estate properties located in France.
  • Acting as Luxembourg counsel to a lender in relation to what is likely to have been the first financing of an ELTIF in Luxembourg.
  • Assisting european primary placement facility (eppf) with the creation of its digital private placement instrument, the first and only of its kind.

Ashurst

Although the Luxembourg office is still in its relative infancy, the arrival in November 2019 of the 'technically excellent and responsiveFabien Debroise from Ogier has galvanised Ashurst's nascent banking and finance team. Team head Debroise is 'recognised as one of the leading fund finance lawyers in Luxembourg', although his expertise is broader than that and also includes considerable capabilities on the acquisition finance and insolvency front as well.

Practice head(s):

Fabien Debroise

Other key lawyers:

Isabelle Lentz; Markus Waitschies; Paul Witte

Testimonials

Fabien Debroise is technically excellent and very responsive.’

Fabien Debroise is one of (if not, the) leading fund finance lawyer in Luxembourg.’

Key clients

Citigroup Global Markets

Barings

Intermediate Capital Group

Barclays Bank

Investec Bank

Banco Santander S.A

BNP Paribas

NatWest Markets

National Australia Bank Limited

The Royal Bank of Scotland International Limited

Dexia Crédit Local S.A.

Australia and New Zealand Banking Group Limited

Wells Fargo Bank, N.A.

Work highlights

  • Advised a syndicate of lenders including BNP Paribas and Skandinaviska Enskilda Banken in backing EQT’s €2.3bn (with an upper limit of around €5bn) ESG-linked subscription credit facility.
  • Advised KTB Investment & Securities together with KTB Asset Management on an off-market acquisition of the Tesco Distribution Centre in Donabate, Ireland for approximately €160m.
  • Advised Joh. Berenberg, Gossler & Co. KG and funds managed by BlueBay AssetManagement as lenders on the financing of the acquisition of Transporeon by UK financial investor Hg.

Brucher Thieltgen & Partners

Although Brucher Thieltgen & Partners is less visible on conventional banking and capital markets transactions, it has 'good knowledge of the legal environment and solid experience', particularly as it relates to regulatory matters in the sector. Brice Hellinckx is 'extremely conscientious and responsive'.

Testimonials

‘The firm has good knowledge of the legal environment and solid experience.’

‘The extremely conscientious and responsive Brice Hellinckx has significant regulatory expertise. He was excellent at the commercial aspects and very easy to get on with.’

DCL Avocats

Independent business law firm DCL Avocats provides 'very responsive, proactive and business-oriented' advice to a borrower-focused client base across a range of their finance needs. Franck Cera and Dorothee Ciolino advise on regulatory matters and financing transactions. Yann Hilpert  joined AKD in February 2021.

Practice head(s):

Franck Cera; Dorothee Ciolino

Testimonials

‘The fantastic team provides a pragmatic and client-friendly approach . ’

‘The team is very responsive, proactive and business-oriented.’

‘ Franck-Olivier Cera is a very honest lawyer and is very client oriented.’

‘Franck-Olivier Cera is very proactive and tries to anticipate potential problems and the corresponding solutions before the client even asks.’

Key clients

3C Payment

Teleperformance

Arpent Capital

DNX Corp

Cofinance

Reference Financial Services S.A.

Dechert Luxembourg

The 'flexible and responsive' team at Dechert Luxembourg derives a considerable amount of financing from the firm's impressive roster of alternative investment funds clients. Most of this work is of a cross-border nature and as well as including financing to facilitate downstream investment work from, among others, many real estate funds, the team is also noted for its expertise on the fund financing front. The 'responsive and diligentJean-Louis Frognet is the primary contact for work in the area.

Practice head(s):

Marc Seimetz; Jean-Louis Frognet

Other key lawyers:

Laura Rossi; David De Pasquale

Testimonials

It is a responsive and flexible team.’

Jean-Louis Frognet is responsive and diligent.’

Key clients

AGC Equity Partners

Apollo

Cheyne Capital Management

Crédit Agricole CIB

Natixis

SCOR Investment Partners

Work highlights

  • Advised Natixis on the financing and refurbishing of an office building, located in the Bois-Colombes suburb of Paris.
  • Advised SCOR Investment Partners on mezzanine debt in connection with financing the acquisition and renovation of Belval Plaza in Luxembourg.
  • Advised Crédit Agricole CIB in connection with the financing of The Student Hotel’s acquisition of two new turnkey development and renovation projects located in Paris and Toulouse.

Linari Law Firm

Headed by Vincent Linari-Pierron, who has 'deep knowledge of the Luxembourg and European financial sector and capital markets' as well as close contacts with the financial regulator, Linari Law Firm has particular expertise in advising on complex securitisation matters.

Practice head(s):

Vincent Linari-Pierron; Guillaume Deflandre

Other key lawyers:

Aleksejs Ketovs

Testimonials

‘They have very close contact with the financial regulator, stock exchange, as well as main institutions and organisations in the financial sector. This leads to a very practice and efficiency-oriented approach, both in advising clients and structuring transactions.’

‘Vincent Linari possesses a deep knowledge of the Luxembourg and European financial sector and capital markets, and does an outstanding job of keeping close contact to the main players on the Luxembourg financial market. Consequently his advice is always very practical, efficient and client-oriented. He is also a very dedicated business partner, who is always available and able to help and advise, even on an ad-hoc basis and within toughest deadlines.’

Work highlights

  • Advised on a €65m bonds issuance program and listing of the bonds on the Euro MTF market of the Luxembourg Stock Exchange.
  • Advised on the issuance of $500m asset-backed securities under a programme.
  • Advised an Italian credit institution on a notes issuance for the purpose of acquiring receivables originated by the Bosnia-based subsidiary of a major steel manufacturer.

Maples and Calder (Luxembourg) SARL

Praised for its 'efficiency and strength in executing complex cross-border transactions', Maples and Calder (Luxembourg) SARL's three-strong team acts for both lenders and borrowers across a range of banking and structured finance transactions. 'Very technical and knowledgeable' team head Arnaud Arrecgros takes the lead on the majority of the office's banking mandates, including a significant number of fund finance matters.

Practice head(s):

Arnaud Arrecgros

Testimonials

I am consistently satisfied with the team’s knowledge, availability and efficiency and its strength in executing complex cross-border transactions.’

The team is very responsive and keen to help – it will always come up with a solution and try to help with any problems that arise on a transaction.’

Arnaud Arrecgros deserves particular mention for his strong capability in cross-border transactions and his availability to assist with urgent client matters at any time of day or night.’

Arnaud Arrecgros is very reliable and provides good quality, timely advice.’

Work highlights

  • Advised an ad hoc group of lenders on the refinancing of a steel company based in Poland.

MOLITOR Avocats à la Cour SARL

Under the guidance of Michel Molitor and also strengthened in April 2020 by the arrival of Armel Waisse from Bonn & SchmittMOLITOR Avocats à la Cour SARL remains best known for its financial services litigation advice. On the transactional front, the 'professional and committedChan Park regularly handles finance work for US, European and Asian financial institutions and funds.

Practice head(s):

Michel Molitor

Other key lawyers:

Chan Park; Armel Waisse; Philippe Thiebaud; Laurent Henneresse

Testimonials

‘Chan Park and the team were always available, professional and committed to the project.’

‘We have worked several times with Chan Park and his team with respect to finance transactions. They all had been very diligent and client-oriented in their work.’