Rising Stars

Firms To Watch: Commercial, corporate and M&A

Global heavyweight law firm White & Case S.à r.l. opened its Luxembourg office in March 2022 and is definitely one to watch in light of its ability to leverage its international network and strong institutional client base. Thierry Bosly and Thomas Glauden co-head the team and divide their time between the firm’s Luxembourg and Brussels office.

Commercial, corporate and M&A in Luxembourg

Allen & Overy Luxembourg

Often working as part of a seamless global team with other offices throughout the network, Allen & Overy Luxembourg's 'accessible and proactive' four-partner team provides 'very efficient, business friendly and driven' advice to many large managers on their global M&A activity. Recognised as 'one of the best M&A practitioners in Luxembourg', team head Fabian Beullekens leads from the front and recently worked alongside the firm's German office to provide the Luxembourg corporate law advice pursuant to CVC Capital Partners' acquisition of a stake in The Quality Group. Praised for his ability to provide 'creative solutions’, Jacques Graas is also regularly engaged in big-ticket cross border financial sponsor work, as well as exceling in domestic financial services M&A. The 'outstanding' Peter Myners provides a holistic service to asset managers, with expertise in relation to fund structuring and establishment, as well as in the pursuant downstream investment activity. Sylvian Cailleau was recently promoted to partner, a recognition of his impressive corporate and M&A expertise in the private equity and infrastructure sectors, on particular. Counsel Marc Tkatcheff has a strong grounding across general corporate and M&A matters, including on mandates with a nexus to Latin/South America. Although he is no longer as active on the fee-earning side, of counsel Marc Feider remains a towering presence in the market.

Practice head(s):

Fabian Beullekens

Other key lawyers:

Peter Myners; Jacques Graas; Marc Feider; Sylvain Cailleau; Marc Tkatcheff; Matthieu De Donder; Victoria Woestmann; Laurent Goyer; Alann Le Guillou; Ambroise Foerster


‘The team is very efficient, business friendly and driven. The lawyers are accessible, proactive and passionate about their activities.’

‘The team members and individuals are experienced, friendly, open for discussion and creative.’

‘Peter Myners is outstanding – the ultimate role model of a partner with client care duties.’ 

Work highlights

  • Advised CVC Capital Partners on its acquisition of a stake in The Quality Group.
  • Advised Danish banking group Danske Bank on the sale of the private banking business activities of Danske Bank International S.A. in Luxembourg to the Luxembourg arm of Union Bancaire Privée (UBP), one of Switzerland’s leading private banks.
  • Advised Warburg Pincus on its acquisition of Pharma Intelligence, a leading provider of specialist intelligence, data, and software for clinical trials, drug development, and regulatory compliance, from Informa PLC.

Arendt & Medernach

With ten partners devoted to corporate and commercial work, domestic heavy hitter Arendt & Medernach has the resources and expertise to handle a tremendous range and volume of local and cross-border mandates for an impressive roster of clients, including corporates, financial institutions and private equity sponsors. Having spent time heading up the firm's New York office, Bob Calmes has strong ties with North American law firms and clients, regularly advising on complex cross-border M&A mandates, including in the De-Spac space. Calmes also handles a significant amount of work for Luxembourg-based tech start-ups, as does 'exceptional' team head Laurent Schummer, who is praised for his ability to 'come up with innovative ideas to solve an issue'.  As well as his transactional expertise, Carsten Opitz also regularly advises on ongoing operational corporate and commercial mandates for corporates based in Luxembourg and heads up the firm's Corporate Governance Centre initiative. Founding partner Guy Harles is also recommended.

Practice head(s):

Laurent Schummer

Other key lawyers:

Guy Harles; Bob Calmes; Carsten Opitz; Alexander Olliges


‘They have a deep understanding of the startups and tech ecosystem (stock options scheme set up, raising capital, investor negotiation, contract review etc).’ 

Laurent Schummer is an exceptional partner, always listening carefully to the issue we might face and always come with a solution. He is always able to come up with innovative ideas to solve an issue.’

Key clients

468 Capital






Keurig Dr Pepper


Microsoft Corporation



Work highlights

  • Assisted Lakestar SPAC I SE, the first Luxembourg-domiciled European SPAC to list in Frankfurt, and the first de-SPAC among listed European SPACs, sponsored by Lakestar Founder and Chairman Dr. Klaus Hommels, with a range of Luxembourg tax, corporate and capital markets matters.
  • Advised Alvotech Holdings S.A., a fully integrated specialty biopharmaceutical group, focused on development and manufacturing of high-quality biosimilar medicines, on all Luxembourg law related aspects of the agreement, to enter into a business combination (De-SPACing) with Oaktree Acquisition Corp. II, a SPAC sponsored by an affiliate of Oaktree Capital Management, L.P., and structuring of the Luxembourg legal aspects of the structuring.
  • Advised Majorel Group Luxembourg S.A. in the context of its IPO on the regulated market operated by Euronext Amsterdam N.V.

Clifford Chance

The 'very efficient, business friendly and driven' three-partner team at Clifford Chance handles a range of corporate structuring work for companies and private equity houses and regularly forms a key component of multi-office teams, providing the Luxembourg-related advice pursuant to big-ticket cross-border M&A mandates. Senior partner Christian Kremer remains a pivotal member of the team and as well as drawing upon strong ties with large asset management firms, is also adept at handling financial services-related M&A, including his recent advice to Quilvest Wealth Management on the sale of the Luxembourg private bank Compagnie de Banque Privée Quilvest to Fideuram - Intesa Sanpaolo Private Banking. Katia Gauzès co-heads the team alongside Kremer and is noted for her work in the private equity and real estate space, areas that new recruit Saskia Myners bolsters since her arrival in January 2022 from PwC Legal Luxembourg.

Practice head(s):

Katia Gauzès; Christian Kremer

Other key lawyers:

Saskia Myners; Sascha Nolte; Lauren Harris; Frédérique Davister; Mélissa Kdyem; Dunja Pralong-Damjanovic; Judit Stern; Louis Mamère


‘The team is very efficient, business friendly and driven. They are accessible, proactive and passionate about their activities.’

‘The team members and individuals are experienced, friendly, open for discussion and creative.’


Key clients



European Investment Bank


Partners Group

CPI Property Group


Quilvest Wealth Management

Allianz Real Estate

Cornerstone Investment Management



Arax Properties and Partners Group

CK Asset Holdings

King Street Capital Management

Work highlights

  • Advising Quilvest Wealth Management on the sale of the Luxembourg and foreign EU regulated subsidiaries to international banking groups, including, amongst others, corporate and regulatory advice, and assistance.
  • Advised Allegro, the most popular shopping platform in Poland and one of the world’s top ten e-commerce websites, on its €881m acquisition of Mall Group a.s. and WE I DO CZ s.r.o. from the selling shareholders PPF, EC Investments, and Rockaway Capital.
  • Advised the management team of Ufinet Latam on the €2.5bn sale process of Ufinet Latam.

Elvinger Hoss Prussen

Elvinger Hoss Prussen provides 'actionable and proactive advice' to local and international entities across a range of commercial matters, as well as in a transactional context, including as it pertains to M&A, joint venture structuring and large-scale reorganisations. Philippe Hoss has vast transactional experience, both in a domestic and cross-border context, as well as being extremely well-versed in the local law corporate framework - having himself been involved in working groups in relation to reforms to domestic company law. Toinon Hoss is also a very experienced member of the team with a broad skillset that includes joint venture structuring, advice on corporate reorganisations, as well as a considerable of M&A work for private equity sponsors. Other key contacts include the 'exceptional' Patrick Santer for private equity-backed M&A; Linda Funck , who as well as transactional work, is also adept at advising on data protection issues impacting financial sponsors and banks; and Pit Reckinger, for corporate governance and M&A advice.

Practice head(s):

Toinon Hoss; Philippe Hoss; Linda Funck

Other key lawyers:

Cintia Martins Costa; Katia Panichi; Karl Pardaens; Pit Reckinger; Patrick Santer; Ana Bramao; Frédéric Clasen; Anna Hermelinski-Ayache


‘The firm provides actionable and proactive advice and is extremely adaptable and flexible to tight timelines.’

‘Patrick Santer is exceptional.’

Key clients

Luxembourg Stock Exchange

Banque de Luxembourg

Banque et Caisse d’Epargne de l’Etat, Luxembourg

Quintet Private Bank (Europe) S.A

Oddo BHF

Providence Equity LLP

Bluejay Chasse Holding S.à r.l.


Odyssey Acquisition S.A.

Cargolux Airlines International S.A.

Xior Student Housing NV

Baupost Group, L.L.C.

Atlas Holdings LLC


TDR Capital LLP

Vice Sporting Goods GmbH

PAI Partners S.à.r.l.

Intelsat S.A.

CVC Capital Partners VII Limited


Volkswagen AG


Hellman & Friedman


Bregal Unternehmerkapital L.P.

Sixth Street Partners

Providence Strategy Growth

Work highlights

  • Advised Volkswagen on the Luxembourg law aspects of its planned takeover offer for Europcar Mobility Group.
  • Advised Odyssey Acquisition S.A. on its Planned €1.5bn business combination with BenevolentAI Limited.
  • Assisted Intelsat on the Luxembourg law aspects of its successful emergence from a financial restructuring process.


Led by Nicolas Gauzès , Linklaters' 'very professional and responsive' three-partner team advises corporates, financial services entities and private equity firms across the gamut of their corporate activity, ranging for corporate governance, commercial contracts advice through to big-ticket cross-border M&A, where it is able to provide a seamless service alongside the requisite lawyers from its vast international network of offices. The firm has also been at the vanguard of the emergent SPAC process, acting across the full life cycle of work in the space, from the IPO process through to the subsequent de-SPAC merger process. Manfred Müller is pivotal to much of the highest-profile M&A handled by the team, including his work alongside Rémy Bonneau on Union Acquisition Corp II's de-SPAC business combination with Crynssen Pharma Group.

Practice head(s):

Nicolas Gauzès

Other key lawyers:

Manfred Müller; Rémy Bonneau; Maxime Bertomeu-Savalle; Florence Forster; Catherine Kremer


‘The team is very professional and responsive.’

Key clients



Carlyle Group



Montagu Private Equity


PwC International

Union Acquisition Corp. II

Alinda Capital Partners

Cerberus European Residential opportunities B.V.

Apax Partners

IFM Investors (UK) Ltd.

Deutsche Börse Aktiengesellschaft

Partners Group

Work highlights

  • Advising Union Acquisition Corp. II (UAC II), a special purpose acquisition company (SPAC), on the successful closing of its business combination with Crynssen Pharma Group Ltd (Procaps) and related listing of new holding company Procaps Group, S.A. on Nasdaq under “PROC”.
  • Advising Deutsche Börse Aktiengesellschaft on the acquisition of Kneip Communication S.A., a leading European fund data specialist.
  • Advising Alinda Capital Partners on the sale of their stake in the Polish company Emitel S.A. to Cordiant Digital Infrastructure Limited.

Loyens & Loeff

Led by Frédéric Franckx , the 'knowledgeable' six-partner team at Loyens & Loeff provides 'business-oriented and cost-effective' advice to corporates and funds across a range of transactional and day-to-day corporate and commercial work. A particular strength is the firm's ability to seamlessly collaborate between different practice groups, as well as other offices, ensuring that clients receive a joined-up service, particularly in the context of Benelux deals. This approach manifests itself most starkly in relation to its work for private equity sponsors which draws together fund structuring, M&A and tax experts in a very cohesive manner.  Guy Palmaers has a 'perfect understanding of the business and corporate needs of the client', ensuring that he is able to provide the most appropriate solution whether it be in relation to a sponsor-backed M&A process, for a corporate in strategic acquisition or a de-SPAC combination. The 'commercial and pragmatic' Michael Scott is 'a strong practitioner, marrying both corporate law and restructuring skills', and has a wealth of experience advising investors/creditors seeking to maximise value out of restructuring/distressed situations. Mathilde Lattard co-chairs the corporate committee of the Luxembourg Private Equity Association and has deep and broad expertise for funds throughout their life cycle, from the initial structuring, through to downstream investments and in relation to exit strategies. Ana Andreiana provides 'proactive and solutions-oriented advice', particularly as it relates to equity capital markets matters and on SPAC raising and de-SPAC transactions. Frédéric Lemoine joined from Bonn & Schmitt in November 2022.

Practice head(s):

Frédéric Franckx

Other key lawyers:

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


‘The team is knowledgeable and collaborates very well with other offices at the firm.’

The team is knowledgeable, business-oriented and cost effective.’

‘Guy Palmaers is one of the best lawyers we have ever worked with, having perfect understanding of the business and corporate needs of the client and able to see the big picture and find the best solutions.’

‘Michael Scott is a strong practitioner, marrying both corporate law and restructuring skills. He is commercial and pragmatic and has a wealth of experience of handling the Luxembourg elements of many cross-border restructuring matters.’

Ana Andreana is always a pleasure to work with, who provides proactive and solutions-oriented advice.’

Key clients

The Carlyle Group

CPP Investment Board Europe

EQT Partners

Francisco Partners

JAB Holding Company

Kepler Cheuvreux

Trinseo SA

Searchlight Capital Partners


Intact Financial Corporation

Thoma Bravo

Banco Santander

Work highlights

  • Advised BlackRock as lead investor in a consortium in relation to the $15.5bn investment in a 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco.
  • Led the arguments of the ad hoc group of junior creditors in the Intelsat Chapter 11 case in the New York courts.
  • Advised Gores on de-SPAC business combination with Ardagh Group.

Baker McKenzie

Demonstrating a 'good balance between client interests and the objective of concluding the deals', Baker McKenzie's three-partner team provides 'pragmatic, efficient and solutions oriented' advice to corporates and a growing roster of funds on local transactions, as well as on cross-border transactions in co-ordination with offices throughout its international network. The 'very professional and reliable' Jean-François Findling provides 'insightful and practical solutions' to private equity sponsors and corporates on M&A mandates and group reorganisations. In addition, Findling regularly advises Luxembourg banks and insurance firms on acquisitions and joint ventures. Findling co-heads the team alongside Elodie Duchêne and Jean-Philippe Smeets, following his arrival in January 2022 from PwC Legal Luxembourg.

Practice head(s):

Jean-François Findling; Elodie Duchêne; Jean-Philippe Smeets

Other key lawyers:

Nicolas Clément; Gilles Heckel; Nastasia Dumitru


‘Pragmatic, efficient and solutions oriented.’

They demonstrate a good balance between client interests and the objective of concluding the deals.’

‘In addition to being reliable, compliant with deadlines and knowledgeable of the markets, they are also really knowledgeable of our processes and structures and always able to go beyond what we ask them to actually propose and provide what we actually need.’

Key clients

Actera Group

Castlelake, L.P.

CVC Capital Partners




Sika AG

Union Bancaire Privée

Work highlights

  • Advised Sika on the €5.2bn acquisition of the MBCC group from an affiliate of Lone Star Funds.
  • Advising Invel and Prodea Real Estate Investment Company S.A., a Greek listed real estate company, in a major acquisition scheme, where Invel is sourcing a co-investment in a large pool of real estate assets located in Italy.
  • Advised UBP in the acquisition of the private banking business of Danske Bank Luxembourg.


Drawing upon 'superlative knowledge of the local scene', as well as being able to tap into the expertise of lawyers spread throughout the firm's extensive European network, CMS's two-partner Luxembourg office is particularly well-versed at providing the local law structuring advice in connection with cross-border private equity M&A activity. In this context, clients also benefit from 'a very integrated' offering with the office's strong tax practice, ensuring that clients can 'avoid pitfalls and risks'. 'Very accessible and reactive' team head Gérard Maîtrejean is at the forefront of this M&A work, including in relation real estate transactions, and is also well-versed in advising across a plethora of other corporate structuring work, including on the establishment of management incentive plans.

Practice head(s):

Gérard Maitrejean

Other key lawyers:

Pawel Hermelinski; Andree Antonescu


The firm provides brilliant advice that combines knowledge of laws and corporate and tax procedures with what i can only describe as superlative knowledge of the local scene, helping the client avoid pitfalls and risks.’

A very integrated team highly focused on achieving the results on time.’

Gérard Maitrejean is very accessible and reactive.’

Key clients


Allianz Real Estate


Mayfair Equity Partnerts

Volkswagen AG

VGP European Logistics

Principal Real Estate Europe

Work highlights

Luther S.A.

Led by Eric Sublon, Luther S.A.‘s corporate team advises an eclectic mix of clients ranging from multinational corporations, SMES, financial institutions and private equity firms engaged in domestic and cross-border mandates where it regularly receives referral work from international law firms. The team is, however, perhaps best known for its work for German clients, where it is effectively able to leverage the expertise of lawyers based in numerous major German cities. 

Practice head(s):

Eric Sublon

Other key lawyers:

Mathieu Laurent; Aurélien Latouche; Selim Souissi; Marie Sinniger; Anna Gassner; Robert Goerend; Euryale Didillon; Sonia Bellamine; Anneleen Hofkens; Christoph Dahlgrün

Key clients

Citizen Capital

R+V Versicherung

IK Investment Partners


NAS Invest

Work highlights


Led by Margaretha Wilkenhuysen , NautaDutilh's three-partner team has strong traction among private equity sponsors and multinationals, which are appreciative of the firm's ability to provide 'business oriented' advice across a broad swathe of transactional and ongoing operational work. Much of the work is of a multi-jurisdictional nature and as well as serving a vital role in relation to the Luxembourg structuring advice in the context of law firm referral work, the team also picks up standalone work, including on Benelux matters (where it is able to leverage resources across its network). Key members of the team include the 'outstanding' Caroline Notté , whose fund-focused workload has recently seen a number of healthcare/pharmaceutical transactions and the 'bright, articulate and results focused' Romain Sabatier, whose expertise includes distressed M&A mandates.

Practice head(s):

Margaretha Wilkenhuysen

Other key lawyers:

Romain Sabatier; Caroline Notte; Aline Nassoy


The team is reactive and business oriented.’

‘Romain Sabatier is an outstanding lawyer in Luxembourg, he is not afraid of taking a hard line when needed and to be legally creative.’

Romain Sabatier is bright, articulate and results focused.’

‘Caroline Notté is outstanding.’

Key clients


Schwarz Group



RTL Group

The Luxembourg Institute of Science and Technology (LIST)

KBC Securities


Oaktree Capital




Mid Europa Partners

Apex Group

Alchemy Partners

International Automotive Components

Work highlights

  • Assisted Otis, the world’s leading company for elevator and escalator manufacturing, in relation to the acquisition by Otis Worldwide via its Luxembourg subsidiary Highland Holdings Sàrl and Highland’s subsidiary of 49 percent of the shares of listed entity Zardoya Otis (Spain) and the issue of notes by Highland to finance the transaction.
  • Assists RTL Group as lead counsel in connection with the contemplated combination of RTL and Talpa Network’s broadcasting and affiliated media businesses creating a strong cross-media group to compete with global tech platforms.
  • Advised Thomas H. Lee Partners, L.P. regarding the agreement between THL, Autostore and SoftBank further to which Softbank acquired 40% of shares in AutoStore from funds affiliated with THL and EQT Private Equity, among other shareholders.


Led by Gérald Origer on the corporate front and aided by complementary practice areas including banking, tax and investment funds, Stibbe provides an ‘excellent service’ to a private equity sponsor-focused client base focused on the Luxembourg law elements associated with their cross-border M&A activity. The team is also effectively able to leverage its international resources and is therefore able to provide a con-stop-shop service on Benelux transactions.

Practice head(s):

Gérald Origer

Other key lawyers:

Bernard Beerens; Claire-Marie Darnand; Frédéric Pilorget; Tom Storck; François Bernard


‘Excellent service, flexible and pragmatic solutions.’

Work highlights

  • Advised Investindustrial ETC on their private equity transactions including daily corporate law matters, one being Polynt Reichhold, involving a well-known chemicals brand, one of the biggest exits in 2021 in Europe.
  • Advised Clariant AG with the rollover of sale consideration in a newly formed pigments group.
  • Advised KKR on the Luxembourg corporate law aspects related to the sale of 25.1% of Hensoldt, a leading German defence electronics company to Leonardo, Milan-listed aerospace and defence group.

Bonn & Schmitt

The 'extremely responsive and professional' team at Bonn & Schmitt is well-versed at handling a range of corporate activity including structuring joint venture agreements and the setting-up of management participation programs. Private equity-related transactions remain a fertile source of work and the team continues to regularly provide the necessary Luxembourg investment platform structuring for core client, EQT, to facilitate its cross-border M&A activity, as well as often assisting it in relation to IPO listing as an exit strategy. Chantal Keereman  is a key contact for the EQT work, while Cedric Bellwald  has more of a domestic offering, particularly as it relates to acquisition transactions with underlying assets consisting in real estate. Frédéric Lemoine  joined Loyens & Loeff in November 2022.


Practice head(s):

Chantal Keereman; Cédric Bellwald

Other key lawyers:

Alex Schmitt; Anne Selbert


‘The team is extremely responsive and professional.’

Key clients





Telespazio Belgium



Work highlights

  • Advised EQT in the acquisition by IVC Evidencia of Vet Strategy Canada.
  • Advised EQT and Azelis in connection with the IPO of the Azelis group.
  • Advised Pint Pharma in connection with the sale of the investment of one of the investors into a pharmaceutical group held through Luxembourg.


Independent Luxembourg-based firm BSP ‘delivers high-quality work’ directly for corporates and private equity firms, as well as in the context of referrals from international law firms, in relation to the local law aspects of cross-border M&A mandates. As well as transactional work, the firm is also well regarded for its corporate governance expertise, and advice on issues related to shareholders’ rights. The ‘very good‘ team includes Linda Harroch, who excels in handling private equity-backed M&A. Pierre-Alexandre Degehet departed for KLEYR GRASSO in June 2023.


Other key lawyers:

Linda Harroch; Christel Pierre-Alexandre; Jean Steffen; Cecile Jager; Axel Voisard


‘The team is very good and delivers high-quality work.’

Key clients

Solutions 30 SE



AXA Investment Managers – Real Assets, and Crédit Agricole Assurances

Paul Wurth SA

Biotoscana Investments SA


Procaps Group

Goldman Sachs


Taleo Group

Work highlights


In somewhat of a rebuilding phase following the departure of most of its highest-profile members in early 2020 to CMS, Dentons' 'exceptional' two-partner team has effectively targeted some of the newer less well-established funds on their M&A work and has gained strong praise for its 'first class, service-oriented and cost-effective service'. Praised for his 'incredible work ethic', team head Namik Ramic has, since he joined the firm in May 2021 from Elvinger Hoss Prussen, set about the task of rebuilding the practice with great vigour, prompting one market observer to state: 'his dedication in providing clients with exceptional legal services is unparalleled'. 


Practice head(s):

Namik Ramić

Other key lawyers:

Shaohui Zhang; Clémence Personne; Jade Serres; Mebru Bagdadioglu


‘The firm provides accurate and quick responses.’

The team is responsive and delivers top notch advice.’

The lawyers are really responsive, proactive and are able to make complex matters simple.’

The team provides a first class, service-oriented and cost-effective service. The firm’s corporate and M&A practice in Luxembourg is really exceptional and when we engage them on a transaction, we are assured that it will be managed well, efficiently and within the set deadlines.’

‘Namik Ramic’s in-depth knowledge of Luxembourg corporate law is invaluable for clients. Further, his dedication in providing clients with exceptional legal services is unparalleled.’

‘Namik Ramic is a highly skilled and knowledgeable lawyer with an incredible work ethic. On top of that he has a good capacity to understand the business of his clients and adapt his advice to the circumstances.’

Key clients

Fort Partners

Adepa Global Services

Affidea Group and B-Flexion


Heitman LLC

Harrison Street


GIC Private Limited


Round Hill Capital

Zetland Capital

ESCO Technologies Inc

European Bank of Reconstruction and Development

Work highlights

  • Advised Fort Partners, as sponsor, arranger and main investor, on the acquisition of Palazzo Marini 3-4 in Rome.
  • Advised Adepa Global Services on the alliance with Banco Inversis to boost leadership in fund services. The acquisition includes the option for Banco Inversis to take 100% control of Adepa within seven years.
  • Advised private investment firm B-Flexion and Affidea Group on the sale of the Group to Groupe Bruxelles Lambert.

DLA Piper Luxembourg

With a strong and growing practice in Luxembourg and also benefiting from ‘great co-operation between offices and teams’, DLA Piper Luxembourg‘s two-partner team provides ‘client and solutions-focused advice’ to funds, family offices and corporates, particularly in the context of cross-border M&A matters within the real estate, technology, energy and financial services sectors. Managing partner Catherine Pogorzelski provides a seamless point of contact to fund clients on the initial fund structuring, as well as the subsequent downstream investment activity. ‘Very helpful and knowledgeable’ counsel Melody Brunot, who joined in January 2022 from CMS, adds further weight and expertise behind the team’s offering in light of her strong and varied corporate practice.

Practice head(s):

Catherine Pogorzelski

Other key lawyers:

Céline Pignon; Mélody Brunot; Gersende Masfayon; Guillaume Schaefer; Jordan Reinert


The team provides client and solutions-focused advice.’

‘Great co-operation between offices and teams, reliable and meets deadlines, understands client’s needs.’

The team has a really impressive legal knowledge and is also very proactive.’

Céline Pignon is very knowledgeable.’

‘Mélody Brunot is very helpful and knowledgeable.’

Key clients

Harrison Street Real Estate

Symphony Technology Group

Tresorit S.A.


Kleos Space

Phoenix Strategy S.à.r.l.

NewAlpha Asset Management

PricewaterhouseCoopers International Limited

Harrison Street Real Estate Capital LLC

Energy Infrastructure Partner

Work highlights

  • Advised the Palo Alto-based private equity firm Symphony Technology Group, on its acquisition of Kantar Reputation Intelligence, PRgloo, Onclusive and Digimind to create a new global media monitoring, measurement, and workflow management partner for PR and communications.
  • Advised Tresorit S.A., a Luxembourg headquartered IT company, on its sale to the Swiss Post Group through an auction process.
  • Advised longstanding client Harrison Street Real Estate Capital on the setting-up of several real estate joint venture projects in Spain and Ireland with local and international development and investment managers.

Hogan Lovells (Luxembourg) LLP

Hogan Lovells (Luxembourg) LLP has excellent 'knowledge of the local law and practice' which it implements to good effect primarily on cross-border transactions, where it works seamlessly with practitioners based across the firm's extensive international network, including London and Germany. Private equity-led M&A work forms a key component of the deal flow, as does work for funds in relation to real estate acquisitions and disposals. The 'excellent' Alexander Koch heads up the compact five-strong team that also includes 'proactive and skilful' Benoit Serraf.

Practice head(s):

Alexander Koch

Other key lawyers:

Benoit Serraf; Emmanuel Lamaud; Kim Tang


‘The firm has excellent knowledge of the local law and practice and has been extremely helpful in reaching out to local SMEs with specific knowledge.’

The corporate team at Hogan Lovells has very good skills and they are transparent on billing which is extremely appreciated.’

Alexander Koch is excellent.’

‘Benoit Serraf is proactive and skillful.’

Key clients

M&G Real Estate


Castik Capital


Maguar Capital


Kingdom Holding


Union Investment

Work highlights

  • Advised on the $746m rights offering of Millicom International Cellular S.A.
  • Advised IBM on the global separation and reorganization of its managed infrastructure services business across more than 65 jurisdictions worldwide, in support of the separation of that business from IBM to Kyndryl.
  • Advised Kingdom Holding Company (KHC) on its agreement to sell a 23.75% ownership stake in Four Seasons Hotels and Resorts (Four Seasons) to Cascade Investment L.L.C. (Cascade)-.


KLEYR GRASSO provides ‘sound, clear, and practical advice’ to corporates, funds and start-ups across a wide range of transactional work, as well as advice on corporate governance, operational and general commercial contracts work. As well as continuing to handle a considerable amount of buy and sell mandates for growth capital fund, TA Associates, the team has also grown its presence in the venture capital space for a balanced mix of start-ups and investors. Key members of the team include the ‘very knowledgeable’ Renata Jokubauskaite and Delphine Tempé , who provides ‘practical advice and solutions on a timely basis’. Jean-Philippe Drescher left the firm. In June 2023, Pierre-Alexandre Degehet joined from BSP.

Practice head(s):

Jean-Paul Spang; Delphine Tempe; Renata Jokubauskaite; Pierre-Alexandre Degehet

Other key lawyers:

Jérôme Burel; Sylvain Lesaffre


‘The team provides sound, clear, and practical advice.’

They deliver timely and effective advice.

The very knowledgeable Renata Jokubauskaite is an excellent lawyer who really goes above and beyond for her clients.’

‘Renata Jokubauskaite stands out for her talent in bringing clarity on complex legal deals or issues, and always strives to offer efficient solutions.’

‘Delphine Tempe is very responsive and understands the commercial/practical requirements of the matter on which she is advising as well as the law.’

‘Delphine Tempe provides practical advice and solutions on a timely basis.’

Key clients

Samsonite International S.A.

TA Associates

Eurofins Scientific

Work highlights

  • Advised TA Associates on strategic growth investment in Adcubum and tech11 to create leading health and P&C insurance software provider in Europe.
  • Assisted TA associates with the Luxembourg banking and finance and corporate aspects of the listing of the Czech company WAG Payment Solutions.
  • Advised Samsonite International S.A. on its sale of Speck to Telementum Global.

PwC Legal Luxembourg

Able to draw upon the expertise of PwC’s advisory and tax services throughout its international network of offices, PwC Legal Luxembourg is best-suited to advising on cross-border M&A activities for financial sponsors and corporates, on both the buy and sell-side. Catherine Baflast heads up the team and as well as benefitting from strong transactional expertise, is also well-versed in advising on the operational matters relating to companies’ business operations in Luxembourg. Serge Hoffmann‘s arrival in March 2022 from Allen & Overy Luxembourg was a major coup for the firm and strengthens its capabilities on the real estate front, including for funds on share and asset deals.

Practice head(s):

Catherine Baflast

Other key lawyers:

Jean Yves Lhommel; Marc Albasser; Soledad Pascual; Mathieu Feldmann; Serge Hoffmann


Since its foundation in 2018 boutique independent Luxembourg-based firm TS&P has developed strong ties with many leading European and US-based asset managers, in particular, which are appreciative of the firm's 'unique dedication and attention to detail', which effectively marries together corporate expertise with tax structuring prowess. Torsten Schmitt has a 'great command of corporate/M&A matters' and heads up a four-partner team that also includes the 'very thorough, knowledgeable and solutions oriented' Florian Bonne .

Practice head(s):

Torsten Schmitt

Other key lawyers:

Nicolas Ronzel; Florian Bonne; Aurélie Guérin; Sabine Belair


TS&P really brings a unique dedication and attention to detail in comparison to other firms on the Luxembourg market.’

‘It needs to be highlighted how TS&P moved swiftly with us to make acquisitions during difficult times and left no stone unturned to make the deals happen!’

Torsten Schmitt and Sabine Belair are very strong lawyers with great command of the various corporate M&A matters.’

‘Florian Bonne is very thorough, knowledgeable and solutions oriented.’



Work highlights

Charles Russell Speechlys

The 'small but effective' team at Charles Russell Speechlys provides 'value added solutions' to companies and funds on M&A activity as a result of its combined corporate and finance offering. Key to the success of the practice is the work of Victor Regnard  who 'combines great technical skills with a solution driven mind-set'. Jean-Baptiste Beauvoir-Planson co-heads the team alongside Regnard and offers 'an in-depth expertise in M&A', as well as considerable prowess handling capital markets work. Associate Clément Missey is also gaining plaudits from clients as a result of his 'strong problem-solving attitude' to M&A matters, corporate restructuring and corporate governance.


Practice head(s):

Victor Regnard; Jean-Baptiste Beauvoir-Planson

Other key lawyers:

Clément Missey


The small but very effective team is very reactive and also provides advance notifications on key regulations that impact the company.’

‘Unlike many firms, Charles Russell Speechlys made the choice to have one single team embracing corporate, finance, capital market and securitization transactions. This leads to great quality of services and pace of delivery, with the partners leading the practice having a broad expertise.’

Victor Regnard is thorough and knowledgeable.’

‘Victor Regnard combines great technical skills with a solution driven mind-set to achieve our goal and deliver outstanding results, both in terms of quality of advice, documentation and pace of delivery, in our normal course of business as well as under pressure.’

Jean-Baptiste Beauvoir-Planson offers in-depth expertise in M&A.’

Clement Missey has a strong problem-solving attitude.’

Key clients

Almaz Capital

EQT Exeter (formerly Exeter Property Group)

SPI Group / Stoli Group

Trumar Capital LLC

Work highlights

  • Assisted EQT Exeter, in several transactions, relating to the acquisition and internal financing of real estate commercial facilities all over Europe.
  • Assisted Almaz Capital Fund III SCSp on several new investments in various jurisdictions, including the US, Europe and Israel, focused on early to growth stage technology companies.
  • Assisted Trumar Capital LLC in the acquisition of a 50% stake in a Luxembourg holding company which holds 100% of a Baltic bank.

CM Law

Drawing upon a 'good knowledge of the market', independent boutique law firm CM Law provides 'business-oriented advice' directly to clients, as well as in the context of law firm referral work. 'Thorough and extremely responsive' team head Raphael Collin is 'very experienced in M&A and regulatory matters'. 

Practice head(s):

Raphael Collin

Other key lawyers:

Flavien Carbone


The collaboration and communication are excellent; they are extremely reliable.’

The team provides business-oriented advice.’

‘The team has a good knowledge of the market and is always available and diligent in meeting deadlines. It is also very experienced in regulatory matters and has good relations with local regulatory authorities.’

Work highlights

Dechert Luxembourg

Drawing upon 'great language skill set and knowledge of the local market and regulatory conditions', Dechert Luxembourg is a popular choice for clients engaged in a range of corporate and commercial work, often with a multi-jurisdictional angle. The team, which is co-headed by Jean-Louis Frognet and Marc Seimetz, is however, best-suited for its work on behalf of asset managers where it is able to provide a fluid and integrated offering on the initial fund structuring as well as on the subsequent downstream investments.

Practice head(s):

Jean-Louis Frognet; Marc Seimetz

Other key lawyers:

Laura Rossi


‘It is a very strong team with a great language skill set and knowledge of the local market and regulatory conditions.’

‘Jean-Louis Frognet is always available and tackles every specific situation in an appropriate way.’

Key clients


Certares Management LLC

Columna Capital

Grown Holdings

Groupe Rossel

StepStone Group

Work highlights

  • Assisted ArchiMed in the acquisition of Direct Healthcare Group (DHG) from NorthEdge.
  • Advising Crown Holdings, Inc. in its definitive agreement to sell its European Tinplate business to KPS Capital Partners.
  • Advised Groupe Rossel in the joint acquisition of 100% of the shares of the leading Belgian French-speaking TV and radio group, RTL Belgium, from Luxembourg-based CLT–UFA.

Eversheds Sutherland (Luxembourg) LLP

The 'proactive' team at Eversheds Sutherland (Luxembourg) LLP is gradually gaining more market recognition since its establishment in 2017 and is appreciated by both private funds and strategic investors for its ability to work seamlessly with other offices throughout Europe on cross-border M&A mandates. Team head Holger Holle, who splits his time between the Luxembourg and Munich offices handles a considerable amount of corporate work with a nexus to Germany.

Practice head(s):

Holger Holle

Other key lawyers:

Yasman Ekrami


‘The team is well-led and versatile.’

Quick turnaround with work, proactive approach, instead of sending long winded emails they are happy to have a quick call to understand a situation.’ 

‘Holger Holle is responsive, facilitative and reasonable.


Key clients

Sun Venture

Précis Capital Partners

Swiss Life Asset Management AG

Aryza Holdings Limited


Europa Capital

Banque de Patrimoines Privés

Vantage Data Centers

Work highlights

Felten & Associes

Led by Bernard Felten who has 'broad M&A experience', Felten & Associes provides 'very efficient' advice on cross-border transactional work, as well as in the context of domestic day-to-day corporate and commercial matters.

Practice head(s):

Bernard Felten

Other key lawyers:

Emmanuelle Fratter; Nazlı Osmanagaoglu


‘The firm is able to deal with complex deal structures where M&A has to be combined with items like restructuring or setting up a new governance structure.’

The team provides very efficient advice.’

Bernard Felten has broad M&A experience. He invests in understanding the business, the strategy & company’s objectives as well as the business model in order to be able to better advise clients on proper solutions. He is able to keep a full overview and to point out what is essential.’

Key clients

PennLux Holding SARL

VTG Finance S.A.

Alpeyg SCA


AK Aviation S.A.

Work highlights

  • Advising VTG FINANCE S.A., a company belonging to a leading wagon hire and rail logistics group and its Luxembourg subsidiaries on general corporate matters.
  • Advising Pennlux Holding SARL, an international group, which is a global leader in the fastening industry since its founding in 2014.
  • Advising a major French familial company acting in the real estate sector under its holding entity SEDELKA.

GSK Stockmann

GSK Stockmann provides 'effective, clear and results-driven' advice to private equity sponsors, public and private companies on the Luxembourg structuring associated with cross-border M&A mandates.  Philipp Mößner , who is particularly effective at handling real estate-related share deals for German clients, heads the team alongside Marcus Peter .

Practice head(s):

Dr. Philipp Moessner; Dr. Marcus Peter

Other key lawyers:

Mathilde Ostertag; Anna Lindner; Katharina Schiffmann


‘The team provides effective, clear and results driven.’

‘The team is excellent at presenting the issues to us as non-lawyers in a way that we always understand and are therefore extremely helpful to us. Invoices are very fair and transparent.’

They were very collaborative, responsive, technically good and a pleasure to deal with.’


Key clients

Aroundtown SA


Grand City Properties SA

China Three Gorges

Fosun Capital

Deka Immobilien Investment GmbH



Beijing Enterprise Holdings


Grand City Properties S.A.

Cells Property Investors and Deutsche Finance (co-investment)

Princeville Capital Group

Obton A/S

Hines Immobilien GmbH

Work highlights

  • Advised long-standing client Grand City Properties S.A, one of the largest German-listed residential real estate companies, in connection with their annual general meeting in 2022.
  • Ongoing advisor to Aroundtown SA, the largest German listed commercial real estate company, in connection with all corporate and equity capital markets advice under Luxembourg laws.
  • Advised the founders of JOKR S.à r.l., a global platform for instant retail, in connection with their launch and initial investment round.

MOLITOR Avocats à la Cour SARL

Led by the 'committed and responsive' Chan Park , MOLITOR Avocats à la Cour SARL provides 'pragmatic advice' to clients across a range of transactional work, as well as on establishing operations in Luxembourg and on ongoing corporate governance and commercial contracts matters.

Practice head(s):

Chan Park

Other key lawyers:

Claude Feyereisen


The team is professional and provides pragmatic advice.’

Chan Park is committed and responsive.’

Work highlights

Norton Rose Fulbright

Acting on its own as well as often in collaboration with international offices throughout the network, Norton Rose Fulbright provides a 'responsive and reliable’ service to corporates, financial sponsors and family offices on their domestic and cross-border transactional work. Team head Torsten Sauer is 'very practical, commercial and user-friendly'. 

Practice head(s):

Torsten Sauer


‘They are very responsive and reliable.’

‘Torsten Sauer is very practical, commercial and user-friendly.’

Key clients



Blackstone Real Estate

Brookfield Asset Management

Amundi Immobilier


Warburg Pincus



United Services Automobile Association


LFIS Capital


The Standard Club

VF Corporation

CNA Hardy

Shareholders of Makios Logistics

PGGM Vermogensbeheer

Agri Resources Group



FSN Capital

Troy Corporation



Real I.S.


Lloyds Bank

Berkeley de Veer Limited

Hertz Europe Limited

Banque de Luxembourg

Oxus Development Network

Kneip Management

Work highlights

  • Advised Warburg-HIH on the acquisition of three real estate assets in the logistics sectors from Goodman Group.
  • Advised Kneip Management on its sale of Kneip Communications S.A. to Deutsche Börse.
  • Advised Deutsche Bank, MUFG, Development Bank of Japan, Korea Development Bank, Investec, Export Development Canada, New York Life and JP Morgan on the restructuring of Nordic Aviation Capital.


Ogier provides ‘detail-oriented and commercial’ advice to private equity funds, in particular, on the Luxembourg structuring of their cross-border M&A mandates. Clients also benefit from the firm’s offshore lineage and offices in key offshore jurisdictions, as well as its ability to frame contractual terms with a mindset towards avoiding any potential litigation further down the line. Bertrand Geradin heads the team.

Practice head(s):

Bertrand Geradin

Other key lawyers:

Laurent Thailly; Helene Arvis; Sarah Verlende


We can always rely on the firm to provide advice, which is detail-oriented and commercial.’

The very approachable and reactive team is very aware of the corporate marketplace.’

‘Friendly and easy people to deal with who put no barrier between lawyers and their clients, strict respect of the imposed deadlines which is vital in transactions.’

Key clients


Apax Partners LLP

L3Harris Technologies

Canpack S.A


Work highlights

  • Advised Industrious, the highest-rated flexible workplace company, on the acquisition of 100% of the share capital and voting rights of European-based Welkin & Meraki.
  • Advised Apax Partners on the acquisition of Rodenstock Group, a leading manufacturer of premium ophthalmic lenses.
  • Advised L3Harris, a global aerospace and defence technology innovator, with the restructuring of its business.

Simmons & Simmons in Luxembourg

Acting on its own, as well as often alongside colleagues from across the firm's international network, Simmons & Simmons in Luxembourg's principal focus is on advising private equity and real estate fund clients on the Luxembourg structuring of their cross-border transactional work. Thierry Somma heads the team.

Practice head(s):

Thierry Somma

Other key lawyers:

Arnaud Fostier; India Hammond

Key clients


Starwood Capital

Deka Immobilien AG

Patrizia AG

Valor Real Estate Partners


Leggett & Platt

Connecting Europe Broadband Fund (managed by Cube Infrastructure Managers)


Work highlights

  • Advising BlackRock on a large platform with Outpost to create an investment vehicle to invest in large residential complexes.
  • Assisting one of Europe’s first specialist urban logistics investors, with the set-up of a joint venture platform in Luxembourg with a global real estate investment, operating and development company.
  • Assisting a leading delivery company with the sale of its shareholding and the reinvestment of its previous shareholders/managers in the acquisition structure.


Strengthened by the arrival in June 2022 of the 'solutions oriented and accessible' Michael Meylan and Vanessa Schmitt from Stibbe, Strelia is gaining visibility in the market, including in the thriving venture capital-oriented tech sector. Much of the work, which includes M&A and corporate reorganisation structuring is of a cross-border nature, including a considerable amount with a French connection. Etienne de Crépy is also a key contact and provides 'reliable and useful commercial, corporate and M&A advice'. 

Practice head(s):

Etienne de Crépy; Michaël Meylan; Vanessa Schmitt

Other key lawyers:

Estelle Schul


‘Strelia is extremely proactive, accessible and helpful.’

‘Etienne de Crepy provides reliable and useful commercial, corporate and M&A advice.’

‘Michaël Meylan and Vanessa Schmitt are both solutions oriented and accessible and willing to go the extra mile for the client.’

‘Vanessa Schmitt has shown a strong professional commitment, she has been able to bring together the necessary skills within her firm on various subjects specific to our sector of activity (Regtech). Vanessa is also always very respectful in her interactions, whether with associates or with our team members.’


Key clients




Encora Digital

EDCO Eindhoven B.V.

The Quality Group

e-vacation Group Holding GmbH

Work highlights

  • Advised Astorg on the corporate restructuring of Corialis, a European designer and manufacturer of aluminium systems for windows and doors, following the acquisition of a majority stake in this company by Astorg from CVC Capital Partners.
  • Advised Lactalis in the corporate reorganisation of the group in Luxembourg.
  • Advised the founders of Encora Digital Inc. with the rollover of their equity stake in Encora into partnership units of a newly formed Luxembourg vehicle following the acquisition of a majority stake in Encora by Advent International.


Independent Luxembourg business boutique VANDENBULKE is a popular referral firm among international law firms, as well as receiving direct mandates from private equity and venture funds. The scope of the work is broad, including advice on cross-border M&A, spin-offs and complicated reorganisations, invariably with a cross-border angle. Team head Denis Van Den Bulke is recommended.

Practice head(s):

Denis Van Den Bulke

Other key lawyers:

Edouard Musch; Thomas Le Tallec

Work highlights

Brouxel & Rabia Luxembourg Law Firm

Established at the beginning of 2022, Brouxel & Rabia Luxembourg Law Firm has quickly been able to assert itself in the market as a result of the longstanding and established track records of the founding partners Samia Rabia and François Brouxel.

Practice head(s):

Samia Rabia; François Brouxel

Other key lawyers:

Carmine Reho; Pablo Umbon-Manzano; Yacine Bouazzza; Fleur Marchal; Estelle Nzoungou


‘The dynamic team is business minded and client centric.’

‘The team has quite a cross-section of skills that allow clients to be adequately advised. The answers to the questions are given quickly with a marked desire to foresee all possible situations.’

‘The practice is unique since it thinks in finding solutions instead of raising issues. People are professional and really care about their clients.’

Key clients

Groupe Philippe Ginestet (Holding GiFi)

Clyde Blowers Capital / Keto Pumps

N4 Partners / Moventas


Sunstar Group


AmTrust Financial Services Inc.




Kulicke & Sofa



Trium Re

Work highlights

  • Assisted Group Philippe Ginestet (holding company of the well-known French retail chain GiFi) in the negotiation of a joint-venture agreement and the setting up of a joint-venture with a Luxembourg partner.
  • Assisted N4 Partners, the shareholders of Moventas group (a Finnish group manufacturing mechanical power transmission equipment and providing after sales service for the renewable energy industry), in all the aspects of the sale of the Luxembourg holding company of the Moventas to Flender Gmbh, a German manufacturer.
  • Assisted the AmTrust group in the refinancing and the management of its shareholdings in Luxembourg entities amongst which some are regulated by the Luxembourg insurance regulator.

Brucher Thieltgen & Partners

Led by Nicolas Bernardy, Brucher Thieltgen & Partners provides 'creative and  solutions-oriented advice' to clients across a range of corporate governance, restructuring and M&A matters. The firm is also noted for its corporate disputes expertise, including in the context of shareholder litigation.

Practice head(s):

Nicolas Bernardy

Other key lawyers:

Philippe Sylvestre


The team is creative and provide solutions-oriented advice.

Work highlights

DSM Avocats à la Cour

DSM Avocats à la Cour has ‘deep knowledge of Luxembourg law and displays a pragmatic and highly responsive approach’ on behalf of corporates and funds  across a range corporate and commercial matters, including on M&A and joint venture structuring. Headed by the ‘very hands-on’ Mario Di Stefano and the ‘very responsive’ Renaud Le Squeren  much of the work relates to real estate matters.

Practice head(s):

Mario Di Stefano; Renaud Le Squeren


The firm has deep knowledge of Luxembourg law and displays a pragmatic and highly responsive approach.

‘Mario Di Stefano is quick to answer, very hands-on, pays attention to details and has a good sense of humour.’

‘Renaud Le Squeren is a very experienced lawyer with excellent skills and is always very responsive.’

Key clients

Vantage Data Centers

International Chemical Investors

PM International

Wagner Group


Keystone Group

Luxembourg Capital

IKO Real Estate




FlibTravel International

Laboratoires Réunis

Cascade Lab


Digital Tech Fund

Work highlights

  • Assisted Wagner Group in numerous acquisitions and divestments.
  • Assists Vantage Data Centers with its Luxembourg-related transactions, group restructuring transactions in EMEA, intragroup financing, bank financing, as well as on management needs on a day-to-day basis.
  • Advised Digital Tech Fund, a joint public-private seed fund managed by Expon Capital, for €1m funding round investment in Cascade Lab, a Luxembourg-based Fintech/Regtech providing administrative, compliance and governance solutions for companies under AML/KYC laws.

Maples Group

Maples Group delivers 'high-quality advice' to private equity and real estate-focused funds, in particular, on the Luxembourg aspects of cross-border transactional work. Marjorie Allo  headsa team that also includes Baptiste Aubry , who is one of the main contacts for M&A and restructuring work.

Practice head(s):

Marjorie Allo

Other key lawyers:

Baptiste Aubry


‘The team delivers high-quality and responsive advice.’

‘Baptiste Aubry & Timothee Gras – very responsible and high-quality professionals.’


Work highlights