Commercial, corporate and M&A in Luxembourg

Allen & Overy Luxembourg

The 'solutions-driven and responsive' three-partner team at Allen & Overy Luxembourg provides a 'very pragmatic' service to local and global entities requiring ongoing corporate and commercial counselling, including regulatory and corporate governance advice, as well as in the context of domestic and international transactions. Benefiting from 'extensive M&A experience', the firm has developed a particularly strong reputation advising financial services entities on consolidation, as well as on the disposal of non-core assets. Financial services-related M&A is an area in which the 'highly service-oriented and business-focusedJacques Graas has been particularly active, for both banks and insurance companies. As well as his fund structuring and ongoing operational work for a range of alternative investment managers, Peter Myners also regularly advises these funds on their subsequent downstream investments. Fabian Beullekens is also a key member of the corporate team, with M&A work flowing from both major international companies and private equity firms. Recently promoted to counsel, Marc Tkatcheff is also recommended, as is the 'vastly experienced' Marc Feider who, despite recently relinquishing his partnership duties, still maintains a thriving practice in his role as of counsel.

Practice head(s):

Fabian Beullekens; Peter Myners; Jacques Graas

Other key lawyers:

Marc Feider; Sylvain Cailleau; Marc Tkatcheff; Pol Theisen

Testimonials

‘The team provides out-of-the box thinking, an ability to address situations on the spot and to take responsibility for advice in difficult cases.’

‘The team supports us with various matters related to our funds and investments. It is very solutions-driven and responsive. ’

‘Very swift and accurate legal feedback. Very practice-oriented.’

‘The lawyers take a very pragmatic approach, while ensuring strict adherence to rules and regulations. The firm has extensive experience in M&A.’

‘Jacques Graas is an excellent lawyer, especially when it comes to quick thinking, understanding the tricks of a counterparty, taking responsibility, and materialising the advice in documentation with a high quality.’

‘Jacques Graas is highly service-oriented and anticipates the client’s needs.’

‘Jacques Graas and Pol Theisen are very proactive, provide excellent advice in a short time and have excellent negotiation skills.’

Marc Feider is vastly experienced.’

Key clients

Oaktree Capital Management

Ares Management

Corestate Capital

Johnson Controls

WPP Group

GB Life

EQT

PAI Partners

The Riverside Company

Clearstream

Quintet Private Bank

CVC Capital Partners

Eltrona

Work highlights

  • Advised Quintet Private Bank, a Luxembourg-based private bank, on the creation of a single business unit, known as Quintet Europe, by way of a cross-border merger of several of its European subsidiaries: Puilaetco in Belgium, Merck Fink in Germany and InsingerGilissen in the Netherlands.
  • Advised Eltrona, a Luxembourg-based cable company, on its partnership/joint venture with Belgium-based firm Telenet via its take-over (through a merger) of SFR-Coditel, Telenet’s existing operation in Luxembourg, and the subsequent sale of a minority stake in Eltrona to Telenet.
  • Advised PAI Partners on its acquisition of the Armacell Group, a leading global manufacturer of flexible foam products for equipment insulation and technical applications (including products used by the International Space Station) from Blackstone.

Arendt & Medernach

With ten partners focused on corporate transactional work and also aided by a large team of paralegals, housed under the 'Arendt Services' umbrella, Luxembourg-headquartered leviathan Arendt & Medernach has the strength-in-depth to handle a tremendous volume and range of matters for multinational corporates, SMEs, private equity firms and financial services entities. Team head Laurent Schummer is 'a great strategist and an excellent negotiator' and is regularly at the forefront of the most significant M&A activity handled by the firm, including within the financial services sector. Alongside Bob Calmes, Schummer has also been pivotal to the firm's growing visibility within the venture capital ecosystem and is regularly instructed by start-ups within the fintech space, in particular, on the corporate and commercial aspects of their growth strategies. Founding partner Guy Harles remains a pivotal member of the team and is able to provide multinational corporates with the necessary combination of local law expertise administered through the prism of an international mindset, garnered through many years' experience in the market. 'Wonderful' German and Luxembourg-qualified partner Carsten Opitz not only excels at advising funds and corporates on transactional matters but is also a font of knowledge in relation to corporate governance issues.

Practice head(s):

Laurent Schummer

Other key lawyers:

Guy Harles; Bob Calmes; Carsten Opitz; Alexander Olliges

Testimonials

‘Laurent Schummer is a great strategist and an excellent negotiator.’

‘Carsten Opitz is especially wonderful.’

Key clients

Deutsche Bank

Spotify

Procter & Gamble

AIG

Keurig Dr Pepper

Bertelsmann

Made in Space

Tokeny

Microsoft Corporation

IntelSat

Work highlights

  • Advised Made In Space Inc., a US-based company specialising in the engineering and manufacturing of three-dimensional printers for use in microgravity, on its sale to Redwire.
  • Advised listed German real estate investor TLG Immobilien AG on the Luxembourg aspects of its public takeover by former competitor Aroundtown SA.
  • Advised an investment vehicle backed by 3i Group, on its acquisition of bio-processing solutions company Cellon, a manufacturer of products for the vaccine production and bio-processing industry.

Clifford Chance

Acting on its own and also as part of a co-ordinated effort with practitioners throughout the firm's European network, Clifford Chance's two-partner team has a particular strength in advising alternative asset management firms on their M&A activity. A significant amount of the funds-specific investment work relates to transactions within the real estate/infrastructure sector, including Katia Gauzès' recent advice to Patrizia on its €1.2bn acquisition of a pan-European portfolio of 42 logistics assets from BentallGreenOak. Financial services M&A is also a strength of the team, as is work on behalf of fintech clients on their establishment and ongoing operations. Christian Kremer has considerable experience in the field and co-heads the team alongside Gauzès.

Practice head(s):

Christian Kremer; Katia Gauzès

Other key lawyers:

Louis Mamère

Key clients

Swisslog Healthcare

Patrizia

ICN development

Hines e.On

Bain Capital Credit

Banca March Corporación Financiera Alba

Unicredit.

HG

KKR

PolyOne Corporation

Firce Capital

Global Infrastructure Partners (GIP)

Primonial REIM

ICBC

Work highlights

  • Advised PATRIZIA AG, the global partner for pan-European real estate investment, on the proposed acquisition of a pan-European portfolio of 42 logistics assets from BentallGreenOak for €1.2bn.
  • Advised KKR on portfolio company Telxius’ €1.5bn bolt-on acquisition of approximately 10,100 mobile sites from Telefonica’s subsidiary in Germany.
  • Advised KKR in Luxembourg in relation to its €2.9bn voluntary public tender offer for international media and technology company Axel Springer SE.

Elvinger Hoss Prussen

The 'very responsive' team at Elvinger Hoss Prussen provides 'clear and concise advice' to clients across a range of domestic and cross-border corporate and commercial matters, including on joint venture structuring, M&A mandates, restructurings and ongoing corporate housekeeping. The team regularly acts for high-profile private equity firms, including Apax Partners and Cinven, on the Luxembourg law structuring elements of their M&A activity, with the 'very helpful and hands-onToinon Hoss particularly strong in the area. Pit Reckinger and Philippe Hoss co-head the team and are also recommended.

Practice head(s):

Pit Reckinger; Philippe Hoss

Other key lawyers:

Toinon Hoss; Thierry Kauffman; Frédéric Clasen

Testimonials

‘The team is very responsive and provides clear and concise advice.’

‘Toinon Hoss is extremely helpful in legal negotiations.’

‘Toinon Hoss is extremely hands on, with a high level of control on the quality. It is better to have her with you than against you in a negotiation.’

Key clients

Cinven/Astorg

Cinven/Advent

Apax Partners

Apollo Global Management

Assicurazioni Generali

atHome Group

Avenue Europe

Bregal

Cinven

Commerz Real

Corsair Investments

D’Ieteren

Foyer

Galileo

Karp-Kneip

PIMCO

ProSiebenSat 1

Vitruvian Partners

Lafayette S.A.

Work highlights

  • Advising a consortium led by Cinven and Astorg Partners on the Luxembourg law aspects of the acquisition of LGC, a global leader in the life sciences tools sector.
  • Advises the consortium led by Advent, Cinven and the RAG-Stiftung (RAG foundation) on the acquisition of the elevator division of thyssenkrupp AG.
  • Advised Apax Partners on the sale of of its stake in Exact Software, a leading provider of business and accounting software in the Benelux region, to KKR.

Linklaters

Benefiting from a sizeable presence in Luxembourg and also able to leverage resources across the firm's vast international network, Linklaters' three-partner team is well-positioned to advise private equity sponsors and multinational corporates on the Luxembourg corporate structuring work underpinning a significant amount of major cross-border mandates handled by the firm. Himself on the board of the Luxembourg Private Equity Association, Nicolas Gauzès is a strong advocate of the business effectiveness of utilising Luxembourg to facilitate international deals and is central to the firm's visibility in the space on behalf of a sizeable roster of funds, including Centerbridge and Ardian. Manfred Müller is also a key member of the team and, as well as his regular work for financial sponsors on their downstream investments, is also well-versed in group restructurings and insolvency matters, as well as joint venture structuring.

Practice head(s):

Nicolas Gauzès

Other key lawyers:

Manfred Müller; Rémy Bonneau; Anton Cox

Testimonials

‘The team is always available and reactive, even for short notice requirements.’

‘They quickly understand our requirements and provide good quality advice.’

Key clients

South Europe Infrastructure Equity Finance (SEIEF)

Steinhoff International Holdings

Macquarie Group

Gen II Fund Services LLC

Groupe Bruxelles Lambert SA

Ardian SAS

Lecta Group

Triton Fund V and III

PAI Partners

Centerbridge Partners Europe LLP

DBG Managing Partner GmbH & Co. KG – Deutsche Beteiligungs AG (DBAG

Work highlights

  • Advised South Europe Infrastructure Equity Finance, a Luxembourg private equity fund focused on PPP and solar assets, and its limited partners, on its sale to AG Altinvest, a 100% subsidiary of France Infrastructures 1 FCPI, an infrastructure equity fund managed by Atlante Gestion SAS.
  • Advised Steinhoff International Holdings on the restructuring of approx. €10bn of its Holdco debt implemented pursuant to two parallel English law company voluntary arrangements.
  • Advised Macquarie Group in the context of the acquisition of all the shares in Polish companies which own a real estate portfolio of logistics properties located in Poland.

Loyens & Loeff

Now led by Frédéric Franckx, who returned to Luxembourg in February 2020 following several years as head of the firm's New York representative office, Loyens & Loeff's 'efficient and commercial' six-partner corporate team has the strength-in-depth to handle a tremendous range and volume of work, and the experience, both locally and internationally, to be able to provide a 'real tailor-made solution for clients'. Benefiting from 'fantastic collaboration/integration and communication with the other teams', including tax and finance, the corporate group remains best-known for its work for financial sponsors, including EQT Partners and the Carlyle Group, and is appreciated for its ability to provide a highly integrated service on all the requirements associated with effectively structuring downstream investment work throughout Europe. As well as his involvement in sponsor-led M&A, the 'very professional and efficientGuy Palmaers also regularly advises Luxembourg-based companies on their IPOs, as well as management and supervisory boards of Luxembourg-based listed companies on strategic corporate governance. The 'calm and consideredMichael Scott excels in 'articulating complicated issues and finding commercial solutions' for clients, including for funds as creditors, in the context of major international restructuring matters.

Practice head(s):

Frédéric Franckx

Other key lawyers:

Guy Palmaers; Thierry Lohest; Michael Scott; Mathilde Lattard; Siobhán McCarthy; Ana Andreiana

Testimonials

‘The group has great international experience in and deep understanding/experience of the specific needs relevant to the industry/corporate structure. It also displays fantastic collaboration/integration and communication with the other teams of the firm (tax, IP, etc.) ’

‘The team is outstanding, bright, efficient and commercial – true problem solvers.’

‘The best practice in Luxembourg. Always a pleasure to work with. High-level advice, always responsive. They have a unique feeling for situations and for solutions that are not standard. One can count on their experience and their remarkable knowledge.’

‘I worked with Siobhán McCarthy, who was great. She was generally responsive and incredibly helpful. She was very pragmatic and helped get our project implemented efficiently and without fuss.’

‘Guy Palmaers is very professional and efficient and provides solid advice.’

‘Thierry Lohest is a great professional, who always contributes great added value with his support.’

‘Michael Scott’s ability to break down a problem, manage transactions, articulate complicated issues and find commercial solutions is truly stand-out. He is a pleasure to deal with, always approachable, calm and considered and a truly great member of any deal team. ’

Key clients

CPP Investment Board Europe

Nippon Steel/Arcelor Mittal

The Carlyle Group

EQT Partners

Novalpina Capital

JAB Holding Company

Banco Santander

Trinseo SA

Robus Capital

Kepler Cheuvreux

Francisco Partners

Work highlights

  • Advised Nippon Steel & Sumitomo Metal Corporation on the Luxembourg corporate and tax law aspects of its €6.5bn acquisition of Essar Steel.
  • Advised EQT on various acquisitions, including that of  leading provider of fibre-optic internet access in Germany Deutsche Glasfaser, from KKR.
  • Advised Galapagos Group in a €1bn debt restructuring.

Baker McKenzie

The 'dynamic' two-partner team at Baker McKenzie is appreciated for its willingness to 'provide tailor-made solutions' to clients across a range of transactional, corporate governance and restructuring mandates. Private equity, infrastructure and real estate funds clients appreciate the team's 'very proactive and responsive approach', as well its ability to work seamlessly with practitioners from across the firm's vast global network. The 'experienced and knowledgeableJean-François Findling is central to much of the highest-profile work handled by the team, and is the driver behind the office's increasing involvement for private equity sponsors on the Luxembourg structuring associated with international transactions. Elodie Duchêne is the other partner in the team and, as well as assisting Findling on corporate and funds-related transactional work, is also regularly instructed by high-net-worth individuals on corporate matters.

Practice head(s):

Jean-François Findling; Elodie Duchêne

Other key lawyers:

Hélène Grandmaire; Nicolas Clément

Testimonials

‘The team is extremely experienced, has considerable knowledge and is very responsive.’

‘The dynamic team has the ability to handle cross-border transactions due to the firm’s global reach.’

‘The team is very proactive and responsive. This is paramount in private equity, where things need to happen very quickly.’

‘What makes this practice unique is the partner involvement, the dedication of the team, the knowledge of their client’s structure and needs, and their ability to find practical solutions.’

‘What is really appreciated is that they go beyond what is originally asked and recommend what would really work for our needs and what would make sense in our global picture because they really try to provide tailor-made solutions and not only standardized advice.’

‘Jean-François Findling is experienced and knowledgeable.’

Key clients

Actera Group

Macquarie

Work highlights

  • Advised Actera Group, as Luxembourg legal counsel, in relation to the acquisition in VIVENSE, a Turkish company active in developing home and living products.
  • Advised Macquarie on the sale of a significant stake in the Spanish electricity firm Viesgo, to Portuguese utility company EDP.

Bonn Steichen & Partners

The 'responsive and super helpful' team at Bonn Steichen & Partners is appreciated by funds and corporates for its M&A expertise and ability to effectively structure transactions, by virtue not only of the firm's corporate strength but also its strong pedigree on the tax front. The team also regularly counsels board members on corporate governance issues and provides ongoing corporate and commercial advice to some clients which have signed up to a monthly subscription fee. The 'very knowledgeablePierre-Alexandre Degehet is active across the spectrum of corporate and commercial work, and is also increasingly busy advising fintech and startups across a range of corporate and regulatory issues. Linda Harroch heads up the private equity function at the firm.

Other key lawyers:

Pierre-Alexandre Degehet; Linda Harroch; Jean Steffen; Christèle Pierre-Alexandre; Cécile Jager

Testimonials

Responsive and super helpful full-service team covering corporate and tax issues.’

‘They are very hands on and approachable, and have a good knowledge of the industry they are active in.’

‘Pierre-Alexandre Degehet is very knowledgeable, aware of what is going on in the financial and fintech sector and has great interpersonal skills.’

Key clients

Goldman Sachs

Global Infrastructure Partners

Solutions 30 SE

Avaloq

AXA Investment Managers – Real Assets, and Crédit Agricole Assurances

Eurosender S.A.

IVS

EBURY

Zoetis Inc.

Laboratoire Lescuyer

Biotoscana Investments SA

Pfizer

Work highlights

  • Advised AXA Investment Managers – Real Assets and Crédit Agricole Assurances on the acquisition from KKR of a leading pan-European provider of electric locomotive leasing solutions.
  • Advised Solutions 30 SE on the IPO of all issued shares on the regulated market Euronext Paris; the firm has advised on all corporate aspects of the transaction, including the total revamping of the corporate governance of the group and articles of association to comply with regulatory requirements further to IPO.
  • Advised Global Infrastructure Partners with respect to the Luxembourg law aspects relating to a major internal restructuring.

KLEYR GRASSO

Praised for its 'excellent customer focus and business acumen', independent full-service firm KLEYR GRASSO receives referral work from international law firms, as well as instructions directly from regional funds and corporates to advise on both the buy and sell-side of transactions. The team also provides counsel to listed and non-listed companies on general corporate and commercial matters, including corporate governance issues. Key team members include Rina Breininger, who continues to provide regular advice to leading growth private equity fund TA Associates on its downstream investment activity, and the 'assertive and creativeRenata Jokubauskaite, who is an 'an expert in finding simple solutions for complex matters'.

Practice head(s):

Rina Breininger; Jean-Paul Spang; Delphine Tempé; Renata Jokubauskaite

Other key lawyers:

Jérôme Burel

Testimonials

‘The team displays excellent customer focus and business acumen and provides a reliable service.’ 

The excellent Renata Jokubauskaite is assertive and very creative. She is an expert in financing transactions and M&A. She is also an expert in finding simple solutions for complex matters.’

Key clients

TA Associates

Lecta Group

JTC Group

BETIC S.A.

Samsonite

Work highlights

  • The team advised CVC portfolio company the Lecta Group on debt restructuring and recapitalisation.
  • Advised JTC, a global provider of fund, corporate and private wealth services, on the Luxembourg law-related aspects of the acquisition (share deal) of Exequtive Partners, a Luxembourg-based corporate and related fiduciary services group.
  • Advised longstanding client TA Associates on its acquisition of a portion of shares held in Netrisk, a leading online insurance brokerage in Hungary, from MCI Group, a leading Central European private equity firm with headquarters in Warsaw (Poland).

Luther S.A.

Led by the 'excellentEric SublonLuther S.A.'s 'flexible and pragmatic' five-partner team 'delivers very practical adviceto companies, financial institutions and funds across the spectrum of corporate and commercial work, from incorporation through to ongoing operational advice, as well as on M&A transactions. The team has a particular focus on servicing Germany-based clients, by dint of its strong German roots and its broader network. The 'exceptionally proactive and results-orientedMathieu Laurent 'has strong knowledge of corporate law and is able to offer practical solutions on complex matters'.

Practice head(s):

Eric Sublon

Other key lawyers:

Mathieu Laurent; Aurélien Latouche; Selim Souissi; Marie Sinniger

Testimonials

‘Luther provides very appreciated support in corporate matters, with a team capable of covering all the needs a company may have. They know exactly how clients wish to work and adapt their style to the client’s needs, without compromising the quality of their output.’

‘The team is prompt, thorough, flexible and pragmatic. It appreciates the commercial realities of deals and finds workable solutions.’

‘They always deliver very practical advice, tailored to the needs of the client.’

‘Mathieu Laurent is an exceptionally proactive, results-oriented and efficient partner, who has strong knowledge of corporate law and is able to offer practical solutions on complex matters.’

‘Mathieu Laurent is very knowledgeable and is not afraid to look outside the normal/most-used tool box to meet the client request.’

‘Mathieu Laurent is very personable and will find the time to follow up personally on work carried out by the team. He is very bright and intellectually flexible. He understands what needs to be achieved and makes sure it is  delivered.’

‘Eric Sublon and Aurélien Latouche are excellent professionals, very prepared, always providing the right and needed advice to clients with perfect timing and in an effective way. ’

Key clients

Bidfair

Altice Group

NAS Invest

Turenne Capital

Neuheim Lux Group Holding V S.à r.l. (affiliate of Sun Capital)

Panattoni

Work highlights

  • Advised BidFair, a company wholly owned by the media and telecoms entrepreneur Patrick Drahi, on its $3.7bn acquisition of international auction house Sotheby’s.
  • Advised NAS Invest 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.
  • Advised French private equity group Turenne on the acquisition of the leading Luxembourg company Stoll Trucks, specialised in professional and industrial truck renting services.

PwC Legal Luxembourg

Led by the 'proactiveCatherine BaflastPwC Legal Luxembourg's four-partner corporate offering has the strength-in-depth to be able to assist clients engaged across the full range of transactional and day-to-day corporate/commercial advice (including on corporate governance issues). The 'collaborative spirit of the team' ensures that clients receive a holistic offering, drawing on the expertise of lawyers in complementary practice groups (including tax) and, in the case of cross-border transactions, the ability to leverage resources spread throughout the PwC global network of offices. Jean-Philippe Smeets and Saskia Myners provide a 'dynamic' service to funds and corporates on M&A mandates, while Jean-Yves Lhommel 'is extremely competent with regards to Luxembourg legal matters', particularly in the context of advice on international corporate reorganisations.

Practice head(s):

Catherine Baflast

Other key lawyers:

Saskia Myners; Jean-Yves Lhommel; Jean-Philippe Smeets Darina Cochrane; Soledad Pascual; Edouard Bubenicek; Nastasia Dumitru; Mathieu Feldmann

Testimonials

‘The legal team works closely with the PwC tax practice and the other PwC groups. This unique interaction makes for a seamless process when implementing reorganisations, acquisitions, divestitures and other highly technical projects.’

‘One of the most compelling qualities is the collaborative spirit of the team, which gives the client the confidence that we always have the proper resources allocated to us.’

‘The team is comprised of exceptional professionals with a wide range of expertise. Every member is fully engaged in our projects, allowing them to proactively express concerns or recommendations, and seamlessly execute on even most complex of projects.’

‘They are competent and responsive experts in Luxembourg law.’

‘Catherine Baflast proactively oversees all matters – both small and large ones.’

‘Saskia Myners and Jean-Philippe Smeets are dynamic, close to their clients and dedicated. They are happy to reply to short-term requests. We trust their legal knowledge and market awareness.’

‘Jean-Yves Lhommel is extremely competent with regard to Luxembourg legal matters, and he has been very responsive to our needs.’

Stibbe

Headed by the 'very reliableGérald Origer and strengthened in January 2020 by Bernard Beerens' arrival from AKDStibbe remains best-known for its ability to provide 'high-quality advice' to private equity firms on the Luxembourg corporate structuring associated with their M&A activity. The team's ability to effectively advise on such international M&A mandates is aided by its tax offering, as well as its ability to leverage the expertise of lawyers based across the firm's sizeable Benelux network.

Practice head(s):

Gérald Origer

Other key lawyers:

Claire-Marie Darnand; Bernard Beerens; Michaël Meylan; Vanessa Schmitt

Testimonials

‘The team is reactive and provides high-quality advice.’

‘In addition to having all the required skills to advise you on any commercial, corporate or M&A matter, the team is always available and takes a pragmatic approach in understanding the client’s position and needs.’

‘Gérald Origer has been advising us on Luxembourg matters for years now. We have been and are still always satisfied by his work, availability and legal analysis. He is very reliable and nearly forms part of our firm!’

Key clients

DW Healthcare Partners

Canal+

Zouari family

Investindustrial

KKR

Compagnie Gervais Danone

Astorg

Almacantar

Work highlights

  • Assisted Investindustrial VI LP in the corporate and bank financing aspects for the acquisition of the shares and convertible bonds of the Spanish company, NATRA, S.A. (a Spanish listed company active in the Cacao market).
  • Assisted a global private equity firm with the Luxembourg aspects of the sale of its shares in a privately owned security services company.
  • Assisting an international private equity group on the acquisition and financing structure of a leading European financial broker.

Bonn & Schmitt

Led by the 'responsive, pragmatic and solutions-orientedFrédéric Lemoine and Chantal Keereman, Bonn & Schmitt's two-partner team provides a 'very hands-on service' to private equity firms, in particular on the investment holding structures in Luxembourg to facilitate their global M&A activity. Other work includes advice to clients on corporate governance and restructuring mandates.

Practice head(s):

Frederic Lemoine; Chantal Keereman

Other key lawyers:

Anne Selbert; Francesco del Pesce

Testimonials

‘The team provides hands-on corporate law advice.’

‘Frederic Lemoine is very responsive, pragmatic and solutions-oriented.’

Key clients

EQT

Capvis

Azelis

Zaim

Aggregate

Work highlights

  • Assisting EQT portfolio company SUSE, an open source infrastructure software provider, to acquire Silicon Valley-based Rancher Labs, a Kubernetes container management platform.
  • Assisting Capvis with respect to the corporate aspects of the acquisition of the Tertianum Group.

CMS

Now benefiting from three partners who have a focus on corporate and M&A work, following the arrival of two fee-earners from Dentons at the beginning of 2020 (including its former head Gérard Maîtrejean) and the internal promotion of Sylvain EliasCMS is increasingly well-placed to be able to effectively resource the full spectrum of investment strategies, including M&A, strategic partnerships and joint ventures, for a myriad of domestic and international corporates and funds. Headed by Maîtrejean, as well as working on a standalone basis, the 'efficient and pragmatic' team regularly works alongside colleagues from across the firm's wider international network on big-ticket cross-border transactions implementing Luxembourg investment vehicles.

Practice head(s):

Gérard Maîtrejean

Other key lawyers:

Pawel Hermelinski; Sylvain Elias; Andreea Antonescu; Mélody Brunot

Testimonials

‘The team is efficient and pragmatic.’

‘Mélody Brunot displays great commitment and responsiveness.’

Key clients

Reckitt Benckiser Group

PetroRio

Delhaize

Invacare Corporation

Boulanger

Work highlights

  • Assisted PetroRio, a Brazil-based holding company engaged in the oil and gas industry, with the $400m bond issue on the Norwegian market of one of its Luxembourg subsidiaries.
  • Assisted French group Boulanger with the acquisition of Krëfel group, including its Luxembourg companies Hifi International SA and Assureka SA and their assets (stores and commercial lease agreements in Luxembourg).
  • Assisted Investcorp with the acquisition of EMEA Coca-Cola’s head office ‘The Bridge’ located Chaussée de Mons 1424, 1070 Brussels for a purchase price of approximately €88m in the context of a sale and lease-back.

Dentons

Although it was weakened by the departure in January 2020 of both Gérard Maîtrejean  and Pawel Hermeliński to CMSDentons' Luxembourg office is still an important resource to both corporate and funds clients on their international M&A mandates. Indeed, a significant amount of transactional work handled by the team is in the context of sizeable acquisitions and disposals, involving a multi-office approach engendered by the firm's huge international network. Shaohui Zhang is a pivotal member of the team and heads up the firm's Europe China desk, which assists Chinese clients investing in Luxembourg, as well as European entities looking to expand into China.

Practice head(s):

Martine Gerber-Lemaire; Shaohui Zhang

Other key lawyers:

Bruno Hrovat

Key clients

CBRE

Dubai Aerospace Enterprise

Tuspark Technology Investment Europe S.à r.l.

Canadian Imperial Bank of Commerce

Work highlights

  • Assisting HT Holding Luxembourg S.A. on several investment projects in Europe, and specifically in relation to the establishment of a Luxembourg R&D centre with SDAAC Automotive Air-Conditioning Systems Co., Ltd., Shanghai, an affiliate company of HT Holding.
  • Advised CIBC Capital Markets (Europe) S.A. on its post-Brexit redomiciliation, including the corporate setup and transformation into a bank, as well as provision of capital in the amount of €550m.
  • Advised US-listed company Spectrum Brands Holdings on the reorganisation and divestment of its European pet food business to United Petfood Producers.

Hogan Lovells (Luxembourg) LLP

Led by the 'helpful and pragmaticAlexander KochHogan Lovells (Luxembourg) LLP's seven-strong team provides a 'knowledgeable and hardworking' service to corporates and funds in relation to private equity and real estate-related mandates. The team excels at handling the Luxembourg structuring aspects of cross-border transactions and has a particularly close working relationship with the firm's London and German offices.

Practice head(s):

Alexander Koch

Other key lawyers:

Emmanuel Lamaud; Benoit Serraf

Testimonials

‘The team is knowledgeable, hardworking, easy to contact and easy to work with. It brings a diverse skill set to the table.’

Alexander Koch provides helpful and pragmatic advice.’

Benoit Serraf was commendably proactive.

‘Benoit Serraf is always finding solutions to any last-minute mess. He explains things in a clear way which is not always the case with lawyers.’

Key clients

Hilton

LabCorp

Swissport (HNA group)

YESSS Group

NII Holdings

M&G Real Estate

PATRIZIA

ACON Investments

Pantheon

RiverRock

NDT Global

Work highlights

  • Assisted NII Holdings, an American holding company, on the sale of its 70% interest in its operations in Brazil, currently doing business as Nextel, to América Móvil, S.A.B. de C.V. through the sale of its wholly-owned subsidiary NII Brazil Holdings S.à r.l.
  • Assisted Convergint regarding its acquisition of the Luxembourg target RealConnect.
  • Advising Ford on Volkswagen’s major investment into Ford’s autonomous vehicle platform company Argo AI, which has a valuation of more than $7bn.

NautaDutilh

Benefiting from a 'strong knowledge of in-house counsels' commercial constraints and customer needs', NautaDutilh is able to provide a 'very pragmatic and results-oriented service' to listed companies and private equity funds on M&A mandates. The team has strong connections with many high-profile international law firms and also benefits from the ability to provide a co-ordinated service on regional Benelux matters by virtue of its capabilities on the ground in Belgium and the Netherlands. Team head Margaretha Wilkenhuysen is recommended for cross-border M&A, international corporate restructuring and corporate governance.

Practice head(s):

Margaretha Wilkenhuysen

Other key lawyers:

Romain Sabatier; Yoanna Stefanova; Caroline Notté; Aline Nassoy; Thibaud Herberigs

Testimonials

‘It is a great team that provides very pragmatic and results-oriented advice.’

‘The firm has a strong knowledge of in-house counsels’ commercial constraints, and customer needs and expectations.’

‘Romain Sabatier provides great guidance, and is a pleasure to work with.’

‘Aline Nassoy delivers high-quality work.’

Key clients

Ad hoc group of senior lenders to Modacin France SAS

Altisource

Alchemy Partners

Oaktree

Argand Partners

Bottega S.àr.l. (Grupo Cimcorp)

Bridgepoint Services SARL

Thomas H. Lee Partners, L.P. (THL)

Darby

Goodyear

IBM

Levine Leichtman Capital Partners

Marathon Asset Management

March Capital

Masonite

Orion Engineered Carbons S.A.

Orascom TMT Investments (Marchmont)

Partners Group

Post Luxembourg

Silverfleet Capital

Carrier

Otis

RTX

Shell

SAF Holland

Work highlights

  • Provided Luxembourg legal assistance to some United Technologies Corporation entities in relation to its intention to separate its three business segments into three independent publicly traded companies.
  • Assisted SAF Holland, a Luxembourg company listed on the Frankfurt stock exchange, in relation to its conversion into a Société Européenne and migration to Germany.
  • Assisted International Automotive Components Group on Luxembourg corporate law and finance law aspects in connection with the additional investment by funds managed by Gamut in IACG via the issue of up to $50m additional Senior Secured Notes by IACG to funds managed by Gamut Capital Management LP, advising on the investment agreement, corporate governance of IACG and the implementation of the security package in relation thereto.

TS&P

Praised for its ability to provide 'clever solutions in a timely and straightforward manner', boutique business law-focused firm TS&P provides 'flawless execution' to financial sponsors, in particular by virtue of its 'excellent combination of M&A and tax expertise'. Torsten Schmitt heads up the team, and according to one client, he and André Pesch 'make for the most powerful partnership in tax and corporate law in the Luxembourg market'.

Practice head(s):

Torsten Schmitt

Other key lawyers:

Florian Bonne; Nicolas Ronzel; Sabine Brandes; Sabine Belair; Aurélie Guérin; André Pesch

Testimonials

‘The firm has an excellent combination of M&A and tax expertise.’

‘This firm is really client-focused. They quickly identify our needs, and always come with a specific solution.’

‘TS&P provides clever solutions in a timely and straightforward manner.’

‘The team is practical and very smart, has a deep understanding and common sense, and provides flawless execution.’

André Pesch and Torsten Schmitt make for the most powerful partnership in tax and corporate law in the Luxembourg market.’

‘Nicolas Ronzel is very responsive and proactive. He not only answers our questions, but always tries to cover the full topic and to address all aspects and potential issues.’

Work highlights

  • Advised a US-based asset manager in connection with several acquisitions and corporate restructurings.
  • Advised a Swiss financial services group in connection with a complex cross-border restructuring
  • Advised a Luxembourg asset manager on the structuring and implementation of a management equity plan.

Wildgen

The 'very knowledgeable and hardworking' team at Wildgen provides a 'responsive and flexible' service to multinational corporates, family businesses, start-ups and funds across a range of transactional and ongoing corporate and commercial work. The 'very pragmatic and down-to-earthFrançois Brouxel is well-versed in local Luxembourg corporate law, and as well as utilising this knowledge to effectively structure international M&A mandates, he has also been at the vanguard of discussions relating to the  modernisation of Luxembourg’s company law and the reform of business licences. Isabelle Charlier co-heads the team alongside Brouxel and is noted for her ability to 'clearly answer questions, and present good and interesting proposals'.

Practice head(s):

François Brouxel; Isabelle Charlier

Other key lawyers:

Lionel Bonifazzi; Samia Rabia; David Maria; Yann Payen; Luis Marques Guilherme; Delia Nitescu; Thomas Biermeyer; Jérémie Ferrian

Testimonials

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

‘It is a very knowledgeable and hardworking team.’

François Brouxel is very pragmatic and down-to-earth.

‘Isabelle Charlier clearly answers questions, and presents good and interesting proposals.’

‘Lionel Bonifazzi has excellent knowledge of the matters and is very precise.’

‘Samia Rabia has shown incredible business acumen.’

‘Samia Rabia and Delia Nitescu are extremely personable and responsive.’

The very practical David Maria is very responsive and always available to assist.’

Key clients

4Finance

AEDC

TLNT Holdings S.A.

DDM Group Finance S.A.

Omnio

Centralis Group

Clyde Blowers Capital IM LLP

Dover Corporation

Facebank Group, Inc

Hotelinvestments (Luxembourg) S.à r.l. – Asset Paris II (Luxembourg) S.à r.l. – UBX Luxembourg S.à r.l.

Murex Group

Pacific Drilling

Platinum Equity LLC

Thermo Fisher Scientific Group

Work highlights

  • Advised Platinum Equity LLC on numerous transactions, including its acquisition of the NYSE-listed Cision group of companies.  
  • Advised Dover Corporation on the restructuring of multiple companies in order to streamline costs and provide repayment of intra-group debts in a transaction valued at more than $1.3bn.
  • Advised a global professional services firm on the acquisition of a British insurance company and the restructuring of the group following this acquisition in a transaction valued at $5.6bn.

Brucher Thieltgen & Partners

Led by the 'easygoing and client-orientedNicolas BernardyBrucher Thieltgen & Partners provides a 'cost-effective' service to domestic and international corporates across a range of mandates, including advice on business incorporation, reviewing and amending shareholder documentation and articles of association, intra-group restructuring and M&A.

Practice head(s):

Nicolas Bernardy

Other key lawyers:

Nicolas Thieltgen; Brice Hellinckx; Audrey Arnotte-Schmalz

Testimonials

‘The client-minded team provides a cost-effective and good service.’

‘People are available when you need them and they take their time to explain the problems and solutions.’

‘Nicolas Bernardy is an easygoing, client-minded partner.’

‘Nicolas Thieltgen is a clever guy and the driving force behind the firm.’

Work highlights

  • Advised a multinational food and drinks company on its incorporation in Luxembourg, in order to sell its products in the country.
  • Advising the holding company of a worldwide global enterprise software company on its day-to-day legal management in Luxembourg.
  • Advising a  Luxembourg-based international investment company on various legal issues, including the repurchase of its own shares, contribution without issue of shares, transformation of companies and classes of shares.

CM Law

Under the leadership of Raphael Collin, CM Law continues to develop strong relationships with referring international law firms, as well as several investment management funds, and is appreciated for its 'commercial and flexible approach' to structuring cross-border M&A. The firm's recent collaboration with Andersen Global further enhances its ability to resource international mandates.

Practice head(s):

Raphael Collin

Other key lawyers:

Flavien Carbone; Max von Frantzius

Testimonials

‘The firm displays a commercial and flexible approach.’

Dechert Luxembourg

A significant amount of Dechert Luxembourg's transactional work relates to Luxembourg structuring advice pursuant to private equity M&A spearheaded by other offices throughout the firm's international network. Marc Seimetz and Jean-Louis Frognet are the primary contacts for corporate advice and both have an excellent understanding across the firmament of fund-related issues, including on downstream investment work.

Practice head(s):

Marc Seimetz; Jean-Louis Frognet

Other key lawyers:

Laura Rossi; David De Pasquale

Key clients

ArchiMed

Welsh, Carson, Anderson, & Stowe

Work highlights

  • Acted as primary deal counsel to US-based private equity firm Welsh, Carson, Anderson & Stowe on a competitive sale process in respect of its portfolio business AIM Software.
  • Provided Luxembourg-related advice to ArchiMed on its acquisition of Direct Healthcare Group from NorthEdge.

DLA Piper

Led by Catherine PogorzelskiDLA Piper's two-partner team is particularly effective in providing the Luxembourg structuring pursuant to cross-border M&A led by other offices throughout the firm's vast international network. The team is also able to effectively advise on outbound mandates for Luxembourg-based companies, including its work alongside the firm's Sydney office, for domestic space engineering company Kleos Space on its equity raising on the Australian Stock Exchange. Other work includes intra-group restructurings, the establishment  of management incentive plans and general corporate governance matters.

Practice head(s):

Catherine Pogorzelski

Other key lawyers:

Xavier Guzman; Jacques Wantz; Ambroise Foerster; Nicolas Marchand; Gersende Masfayon

Key clients

Hyundai/Kia Motor

Kleos Space

Gates Industrial Europe S.à r.l.

Ecolab

Revevol

Prologis

Ecwid

Migdal

SOCFINAF

Austrian Airlines

Work highlights

  • Advised Hyundai/KIA Motors on its €100m Series A investment in Arrival SARL, a Luxembourg-based company focused on creating and designing state-of-the-art electric vehicles.
  • Advised Kleos Space, a Luxembourg-based company specialised in advanced technology in the space industry, to move from a startup to an emerging corporate, through the issuance of AU$11m CHESS Depositary Interests on the Australian Stock Exchange. This transaction is noteworthy as being the first ever Luxembourg issuer whose instruments are admitted to listing and trading on the Australian Stock Exchange.
  • Advised Gates Industrial, a leading multinational in power transmission and fluid power products, on the restructuring of its European activities and the transfer of its EMEA headquarters in Luxembourg.

DSM Avocats A La Cour

Benefiting from a 'perfect combination of experience and agility', DSM Avocats A La Cour provides 'responsive and business-minded advice' to national and international clients across a range of corporate and commercial mandates, including advice on M&A and international joint ventures. Mario Di Stefano possesses 'exceptional communication skills' and, along with the 'responsive and proactiveRenaud Le Squeren, is a key member of the team that is particularly active in the real estate sector.

Practice head(s):

Mario Di Stefano; Renaud Le Squeren

Testimonials

‘They are responsive and understand the client’s business rationale.’

‘They not only exhibit outstanding legal skills, but are also very friendly lawyers and staff, with whom it is a pleasure working.’

‘Top-notch firm, highly technical and with great service, from beginning til end. It displays a perfect combination of experience and agility.’

‘Mario Di Stefano provides timely and business-minded advice.’

‘Mario Di Stefano always delivers exhaustive and well-documented legal work. He has exceptional communication skills.’

‘The very responsive Renaud Le Squeren has excellent legal skills in corporate and commercial law and data protection. ’

Key clients

ICN

Vantage Data Centers (Formerly Etix Everywhere)

Tracol Immobilier

PM International

Wagner Group

IKO Real Estate

Tralux

Rosalia Group

Luxembourg Capital

Work highlights

  • Advising ICN on its real estate development projects. This advice includes: acquisition; development, construction and leasing contracts; structuring of financing and securing of group financing through various entities; real estate acquisitions; and setting up partnerships with various actors in the real estate sector.
  • Reviewing contracts for Vantage Data Centers and advising it on the Luxembourg law-related advice associated with the development of its data centres in Asia, the US, Africa, and Europe.
  • Representing large German family-owned business PM International for many years on its Luxembourg-related work, including ongoing advice relating to customer contracts and general corporate governance matters.

Felten & Associes

Led by 'highly experienced and innovative' name partner Bernard FeltenFelten & Associes provides 'a judicious blend of unbreakable expertise and impeccable interpersonal skills' for domestic/international companies and high-net-worth individuals. The team is 'highly competent and experienced in international transactional work', particularly as it relates to the banking, healthcare and real estate sectors.

Practice head(s):

Bernard Felten

Other key lawyers:

Emmanuelle Fratter; Sarah Lamm

Testimonials

‘The team is very professional and business-oriented.’

‘The team is highly competent and experienced in international transactional work.’

‘A small but very focused, motivated and competent corporate team, who look after their clients with great care and attention.’

‘The team provides a judicious blend of unbreakable expertise and impeccable interpersonal skills.’

‘Bernard Felten has a deep knowledge of the market and the healthcare sector.’

‘Bernard Felten is highly experienced, able to conduct business in a number of languages and innovative in his approach.’

‘Emmanuelle Fratter is a rising star and a very capable M&A lawyer.’

Key clients

CAMPING INTERNATIONAL S.A.

PennLux Holding SARL

BATIWORLD SARL

BRILL INVEST S.A. – METALICA S.A.

VTG

Evolak

Pescatore Group S.A.

Ladurée Luxembourg S.à r.l.

Work highlights

  • Advising Camping International S.A. on the Luxembourg law aspects associated with the sale of its commercial subsidiary.
  • Assisting PennLux Holding on the organisation of cash transfer within the group.
  • Advising on the restructuring of a group of companies in order to purchase all the participation of one of the shareholders, and to remove some companies of the group.

Maples and Calder (Luxembourg) SARL

Headed by Marjorie AlloMaples and Calder (Luxembourg) SARL advises clients from a range of industry sectors, including healthcare, energy, retail and real estate, across the spectrum of transactional and ongoing corporate/commercial advisory work. The team is, however, best-positioned to advise financial sponsors on the Luxembourg-based structuring to facilitate their downstream international investments.

Practice head(s):

Marjorie Allo

Other key lawyers:

Baptiste Aubry

Key clients

Francisco Partners

Impala

Telus Corporation

Bain Capital

Saputo Inc.

Work highlights

  • Advised Telus Corporation on its acquisition of the European customer relationship management firm Competence Call Center for approximately Can$1.3bn.
  • Advised Bain Capital on the setting up of the structure to facilitate its acquisition of the Terminal H business park near Munich Airport from Corestate.    
  • Advised Bain Capital on the establishment of the structure to proceed with its acquisition of the ‘Alphahaus’ property in Offenbach from Quilvest Capital Partners and Arax Properties.

MOLITOR Avocats à la Cour SARL

At MOLITOR Avocats à la Cour SARL, team head Chan Park has significant experience advising international corporates and financial sponsors across a range of M&A, ongoing commercial work and cross-border reorganisations.

Practice head(s):

Chan Park

Other key lawyers:

Philippe Thiebaud; Laurent Henneresse

Ogier

Led by Bertrand Geradin and Laurent ThiallyOgier's seven-strong corporate and commercial team regularly advises private equity sponsors on the Luxembourg-related corporate structures to facilitate their international M&A strategies. The team also has niche expertise in the fintech sector.

Practice head(s):

Bertrand Geradin; Laurent Thailly

Other key lawyers:

Hélène Arvis; Sarah Verlende; Sandra Mohand-Oussaid; Sinéad Mannion; Tiffany Sadee

Key clients

EDP

Work highlights

  • Advised EDP, a Portuguese energy company, on the €2.7bn acquisition of a significant stake in Viesgo from Macquarie-managed funds.
  • Regularly advising a London-based private equity firm on its European acquisitions using Luxembourg SPVs.
  • Advised a leading global private equity firm on its €380m purchase of a group with a portfolio of leading online classified advertising platforms.

Simmons & Simmons in Luxembourg

Simmons & Simmons in Luxembourg provides a 'technically strong and extremely responsive' service to asset management firms, in particular by virtue of its '360 degree understanding' across both the appropriate underlying fund structure and the ensuing corporate transactional work. Team head Thierry Somma is well-versed at advising private equity, real estate and infrastructure funds on their investment strategies.

Practice head(s):

Thierry Somma

Other key lawyers:

Arnaud Fostier

Testimonials

The team is technically strong and extremely responsive.’

It has a 360 degree understanding of the topic at hand and of the client’s needs and requirements.’

‘Arnaud Fostier is always available, attentive to clients’ needs and expectations, professional and technically very good.’

Key clients

Leggett & Platt

Cube Infrastructure Managers

BlackRock

SEDCO (Saudi Economic & Development Company)

SaarGummi

Deka Bank

Nicolas Berggruen Charitable Trust

Dream Global

M&G Investments

Valor Real Estate Partners

Starwood Capital

Round Hill Capital S.à r.l.

Invesco

Stepstone Real Estate

Work highlights

  • Assisting Cube Infrastructure Managers with the first three investments of its vehicle Connecting Europe Broadband Fund, tasked with deploying a high-quality fibre-to-the-home, open-access network for residential, business and public administration in the rural areas of the European Union.
  • Advising the US asset manager Invesco on the merger into its Luxembourg entity InvescoManagement SA (IMSA) of its French entity Invesco Asset Management SA (IAMSA), including branches located in five European countries.
  • Advising a joint venture comprising Starwood Capital Group, Stepstone Real Estate and RoundHill Capital on the strategic sale of a German residential portfolio to Meyer Bergman.