Firm Profile > Milbank > Munich, Germany

Milbank
MAXIMILIANSTRAßE 15
80539 MÜNCHEN
Germany

Private equity > Transactions Tier 1

Milbank has an active team that assists private equity funds with buy-outs, minority interests and joint ventures among other matters; particularly notable is the well-coordinated cooperation with the firm's financing, corporate, tax and antitrust practices. The 'extremely client- and solution-oriented' group further advises on fund structuring as well as management participation matters. Norbert Rieger is well versed in corporate reorganisations, Michael Bernhardt is considered an expert in LBOs and MBOs and Sebastian Heim is 'efficient and quick'; this key team also includes Steffen Oppenländer and Peter Nussbaum.

Testimonials

'You are probably the strongest team on the market (expertise, speed, capacity) and extremely customer- and solution-oriented; The link with related areas of law (e.g. tax, finance) should also be emphasized. '

' Always available and responsive; commercial approach . '

' Sebastian Heim: always available, commercial mindset, efficient and fast .'

Key clients

Advent International

Apax Partners

Ardian

CVC Capital Partners

Deutsche Beteiligungs AG

ECM Equity Capital Management

EQT

General Atlantic

Goldman Sachs Merchant Banking Division

H.I.G. European Capital Partners GmbH

L-GAM

MB Beteiligungsgesellschaft mbH

PAI Partners

Pamplona Capital Management LLP

Partners Group

The Carlyle Group

Germany > Tax Tier 2

Milbank's practice is best known for its transactional capabilities but it also provides assistance with general group tax issues, tax audits and contentious proceedings. This offering is frequently used by private equity firms and corporates as well as private clients. The team includes Thomas Kleinheisterkamp and managing partner of the Munich office Rolf Füger, both of whom not only handle M&A and PE transactions but also corporate tax law, while Kleinheisterkamp also advises on tax audits and tax litigation. Associate Moritz Philipp is another key contact for tax audits, most notably for corporate groups and investors; a client base he also advises on restructurings, M&A transactions and financing.

Testimonials

' Apart from excellent professional advice, very pragmatic advice networked across legal areas; excellent availability. '

' Milbank's tax support is characterized by an integrated, cross-departmental approach. In doing so, they take into account entrepreneurially relevant aspects in the short and long term. Risks are recognized as scenarios and taken into account in solutions with flexible structures. Problem solving is understood as a design mandate in a complex environment, which clearly sets Milbank apart from other competitors. '

' Professionally convincing and very quickly. '

'' Excellent transactional expertise and experience; In the case relevant to us here, relating to the tax structure of a company acquisition, advice on the tax aspects of the purchase agreement and the implementation of post-deal conversion processes. Very good communication even on complex tax issues. '

' Matthias Schell: Outstanding specialist knowledge, customer-oriented, solution-oriented, is a real help. '

' Matthias Schell has been the contact person for our group for many years. With great skill and prudence, he guides his internal external colleagues in the mandate, most recently in the context of a complex takeover and structuring of a transaction in multiple tax-decisive topics. Not only technically outstanding, but a deal leader in all matters, always extremely pleasant to deal with and approachable at all times. '

' Thomas Kleinheisterkamp: Extremely structured and technically sound. '

Key clients

Advent International

Ardian

Auto 1 Group

Deutsche Beteiligungs AG (DBAG)

Deutsche Invest Capital Partners GmbH

ECM Equity Capital Management

EQT Partners AB

FC Bayern München AG

H.C. Starck Group

HENSOLDT

H.I.G. European Capital Partners GmbH

INNIO Group

Nordwind Capital

Otto Group

PAI Partners

Philipp Lahm Holding

ProSiebenSat.1 Media SE

Sartorius AG

SIXT SE

The Carlyle Group

Corporate and M&A > Corporate Tier 3

The corporate team of ten at Milbank advises on all aspects of corporate law and additionally has intersection know-how with regard to capital markets, stock corporation and tax law as well as private equity. Besides annual general meetings, joint ventures and corporate governance, the focus areas are corporate participation, compliance, restructuring and reorganisational measures, employee remuneration schemes, corporate advice on transactions and disputes as well as insolvency, the latter especially with regard to distressed M&A. The client base includes supervisory and executive boards, listed companies, financial investors and institutions as well as bidders and target companies in connection with the takeover of listed stock companies. Ulrike Friese-Dormann mainly acts for listed companies and is frequently consulted on D&O liability matters, Norbert Rieger has strong expertise in conversion law and Christoph Rothenfußer focuses on corporate governance.

Testimonials

Reliability, quick response times, high level of professional competence.

Extremely high commitment, super technical competence, always keeping an eye on the big picture.

Key clients

ADAC SE

Airbus Defence & Space

Auto1 Group

Axel Springer

Bilfinger

Ceconomy AG

Dermapharm Holding SE

Evoco AG

F.C. Bayern München

Hauck & Aufhäuser Privatbankiers AG

Hauptaktionär der mediantis AG

KSBG Kommunale Verwaltungsgesellschaft GmbH

Mylan

Otto Group

PartnerFonds AG

ProSiebenSat.1 Media SE

Reimann Investors KGaA

RHI AG

SHW AG

Sixt Leasing SE

Sixt SE

Banking and finance > Lending and borrowing Tier 3

Milbank primarily advises banks, debt funds and other lenders but also acts for financial investors and corporates in acquisition financing. These mandates regularly feature cross-border elements and involve capital market products. Managing partner Thomas Ingenhoven's expertise in financial derivatives plays a key role in this space, as does Mathias Eisen's know-how in bond issues and combined bank and bond financings. Assisting investment-grade and sub-investment-grade borrowers with corporate finance and refinance constitutes another key element of the practice, which received a significant boost with the arrival of Barbara Mayer-Trautmann, who co-headed the finance practice at Clifford Chance until the end of 2020. Mandates within this space include refinancings linked to IPO preparations and restructuring-related matters.

Practice head(s):

Other key lawyers:

Testimonials

'' Small, highly qualified and intelligent team, efficient collaboration, solution-oriented, pragmatic and comprehensive approach (marginal issues / effects are included), strong customer orientation, very good communication / exchange, excellent industry knowledge, collaboration is a pleasure. '

' Milbank is particularly competent in structured finance and is characterized by a high level of technical expertise and extensive knowledge of the market. Complex structures are quickly penetrated and excellent advice is provided based on this. '

' The specialized financing team understands what is important, even in the most complex transactions. Obviously, they do not see themselves only as lawyers, but penetrate all economic relationships down to the smallest detail. The team can be reached at any time and impresses with its profound expertise and reliability. Whether medium-sized German financing, international transactions with London and New York or a promissory note transaction – the team always guarantees the best quality with real added value for every deal. '

' Strong team at all levels with consistently high performance and high focus. '

'' Above-average know-how, outstanding ability to grasp economic issues immediately, to sketch solutions and to implement them in negotiations. Very good internal Milbank coordination. Excellent cooperation with bank lawyer in the overall interest. 24/7 support at partner and employee level. '

' Thomas Ingenhoven has been one of the best partners in German financing practice for years, extremely quick perception / intelligence, strives for the best solution for the customer, pragmatic approach, good risk / opportunity balance, excellent industry knowledge, cooperation is great pleasure. '

' Thomas Ingenhoven is certainly one of the outstanding partners in the banking / financing area. He is characterized by reliability, speed and, above all, extensive knowledge that he can convey in a simple and understandable way. At the same time, he negotiates very well and can adapt extremely well to the negotiating partners. '

' Thomas Ingenhoven: With his extraordinary legal knowledge, his speed and his many years of experience, Thomas Ingenhoven is in a class of his own. In addition to extensive expertise in economic issues, he is characterized by his outstanding negotiating skills. What I particularly appreciate about him is that he not only acts as a lawyer, but also as an advisor and gives clear recommendations for action – also beyond the legal area . '

' Thomas Ingenhoven grasps the issues very quickly and from a holistic perspective. The negotiations are supported / led by him in an absolutely professional manner. '

' Thomas Ingenhoven is highly professional, efficient, reliable, strong negotiator, blessed with commercial understanding and pragmatism, which makes him a real success factor, especially on difficult mandates. '

' Barbara Mayer-Trautmann impresses with her razor-sharp mind and pragmatic approach – excellent work is being done here. Absolute recommendation! '

Key clients

Advent International

Ardian

Axel Springer SE

Bayerische Landesbank

Commerzbank AG

DZ Bank AG

FUNKE Mediengruppe GmbH & Co. KGaA

H.I.G. Capital

HSBC Burckhardt & Trinkaus AG

ING Bank

Joh. Berenberg, Gossler & Co. KG

Körber AG

Pemberton Capital Advisors LLP

ProSiebenSat.1 Media SE

Triton

UniCredit Bank AG

Germany > Antitrust Tier 4

Industrial corporations as well as financial investors rely on Milbank's expertise in global merger control proceedings. The team's antitrust service portfolio also includes advice on preliminary proceedings and disputes as well as compliance with a focus on fine risks. Alexander Rinne heads both the German as well as the European antitrust team and regularly acts in cartel fine and abuse proceedings before the Federal Cartel office and the European Commission. Hereby, he is supported by various associates such as Moritz Lichtenegger, Susanne Schricker, Nils Bremer and Alexander Zyrewitz. Counsel Katharina Kolb left the team in March 2020 and is now a partner at Lieff Cabraser Heimann & Bernstein, LLP.

Practice head(s):

Testimonials

'Goal-oriented work, high efficiency and fast response times. Very client-oriented. '

'Alexander Rinne: Pragmatic style, very good accessibility and reliability.'

Key clients

Advent International

Ardian

BMW AG

Brugg Kabel

EIG

EQT

Eurofoam

Flint Group

Goldman Sachs

Hipp

Husqvarna

Ingram Micro

Loomis

PepsiCo

ProSiebenSat.1 Media SE

Roche Diagnostics

Sixt

Telefónica

The Carlyle Group

Corporate and M&A > M&A: mid-sized deals (sub-€500m) Tier 4

Milbank advises financial investors, listed German and international corporations as well as media groups on medium-sized transactions in Germany and abroad, with a focus on post-merger integration, public takeovers, due diligence as well as transactions at the intersection with venture capital and private equity. The team has particular industry expertise in energy, pharma, automotive, telecoms and software. Besides M&A know-how, Peter Nussbaum also has experience in dispute resolution and Arndt Stengel frequently advises financial institutions and investors on cross-border matters.

Testimonials

The Milbank team based in Frankfurt is special in that customers of senior partners with a broad corporate and M&A background receive maximum attention so that complex situations and transactions can initially be analyzed very quickly and holistically and ultimately carried out with the greatest possible feasibility. Really impressive display.

Key clients

Auto1 Group SE

Bilfinger SE

CECONOMY

Conet Technologies AG

d&b audiotechnik GmbH

H. C. Starck Group

HENSOLDT

INNIO Gruppe

NuCom Group SE

Oncare GmbH

Otto Group

Philipp Lahm Holding GmbH

ProSiebenSat. 1 Media SE

PTV Planung Transport Verkehr AG

Quarton International AG

REIFF Group

Schoeller Group GmbH

SHL Medical AG

Sixt SE

Smith & Nephew plc

Restructuring and insolvency > Restructuring Tier 6

On the creditor side, Milbank advises banks, debt funds, distressed debt investors, junior creditors, mezzanine lenders as well as their steering committees, whereas shareholders and sponsors seek advice on the borrower side. The team handles judicial and extrajudicial restructurings, liability management and crisis financings. Additionally, the 'constructive, thorough and solution-oriented' team advises on debt equity swaps, bridge and restructuring loans, creditor disputes and collateral enforcement. Complex cross-border restructurings are covered by the close collaboration with the firm's English and American offices. Mathias Eisen 'stands out with technical know-how, which is undisputed in the restructuring sector' and advises on domestic and cross-border credit as well as loan financing; he also handles in and out of court restructurings, including bridge and restructuring loans as well as insolvencies.

Practice head(s):

Testimonials

‘Milbank has a very balanced team, which has in-depth specialist knowledge at all levels and accompanies all steps of the transaction constructively, carefully and in a solution-oriented manner.’

‘Mathias Eisen impresses with expertise that does not have to fear competition in the restructuring area. This specialist knowledge is paired with a high level of negotiating skills and a very constructive and pragmatic approach. In addition, Mathias Eisen is characterised by the fact that he questions solution approaches, which makes him a valuable adviser and partner in restructuring transactions. ‘

Firm overview: Milbank LLP is a leading international law firm. More than 700 lawyers worldwide provide integrated services combined with technical excellence and genuine sector expertise throughout the world, as they have been doing for over 150 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington DC.

The first German office opened in 2001 in Frankfurt, followed by Munich in 2004. As part of the global network, these offices give Milbank a strong local presence. The experienced resident partners there have a long standing and in-depth knowledge of the German market. More than 45 lawyers in Germany provide high-level legal advice in all areas that are key to the structuring, financing and successful implementation of transactions. Listed groups, SMEs, financial institutes and global investors have placed their trust in Milbank’s expertise for many years, and continue to do so with great success.

In order to achieve the best possible solutions for its clients, Milbank works in refined, partner-led teams individually staffed to meet the specific demands of each mandate. The highly specialised lawyers offer top-level legal advice and master the most complex projects. Lawyers regularly counsel on transactions that set new standards in their sector.

Main areas of practice
Antitrust and competition: The lawyers in Milbank’s German and European antitrust and competition practice in Munich advise on matters covering the entire spectrum of this practice area. These include applying merger control regulations to complex private equity and hedge fund structures, as well as in the strategic planning and subsequent implementation of acquisitions by companies that are already market leaders in their respective areas, cartel and dominance investigations, antitrust litigation, compliance know-how.
Contact: Alexander Rinne

Banking and acquisition finance: Milbank’s Frankfurt finance practice focuses on complex cross-border and domestic financing transactions, ranging from acquisitions to corporate, structured, asset and project financings. Working as an integrated team with the London and New York offices, the firm’s finance lawyers in Frankfurt provide comprehensive advice on the German, US and English law in connection with financings in the public and private market to lenders, underwriters/arrangers, sponsors, institutional and corporate clients.
Contacts: Mathias Eisen, Thomas Ingenhoven, Barbara Mayer-Trautmann

Corporate advisory: Milbank’s corporate advisory practice is well known for its expertise on all aspects of German corporate and capital markets law and corporate reorganisations. Given the potential impact of minority shareholders’ actions for a successful and timely implementation of corporate reorganisations in Germany, the corporate team focuses on the preparation and the coaching of shareholders’ meetings of public companies, as well as corporate litigation and appraisal proceedings following corporate reorganisations. The team also advises on liability matters of board members.
Contacts: Ulrike Friese-Dormann, Christoph Rothenfusser

Litigation: German qualified lawyers represent clients on corporate litigation resulting from M&A transactions as well as in the context of shareholder meetings, corporate reorganisations and liability matters of board members. In addition, US-qualified litigation lawyers in the Munich office specialise in IP litigation, in particular related to the pharmaceutical industry.
Contacts: Ulrike Friese-Dormann, Peter Nussbaum, Christoph Rothenfusser

Private equity: Integrated teams of highly specialised lawyers support sponsors in their investments at home and abroad. Clients turn to Milbank in all stages of private equity transactions from the establishment of funds and the acquisition of portfolio companies to exit strategies. The range of services includes: leveraged buy-outs, take privates, PIPEs, public M&A, fund formation, venture capital, joint ventures, management incentive programs.
Contacts: Michael Bernhardt, Sebastian Heim, Markus Muhs, Steffen Oppenländer, Peter Nussbaum, Norbert Rieger

Private M&A: The team focuses on advising public groups, financial institutions and medium-sized companies on complex national and international acquisitions, sales of companies, joint ventures and other transactions. The range of services includes: transaction structuring, due diligence, sale and purchase documentation, post-merger integration, restructuring.
Contacts: Michael Bernhardt, Martin Erhardt, Sebastian Heim, Markus Muhs, Steffen Oppenländer, Peter Nussbaum, Norbert Rieger

Public M&A: Milbank’s public M&A team focuses on advising on all aspects of takeovers and mergers of public companies. A close working relationship with the German Securities Agency, broad experience in advising on all corporate law aspects and intensive cooperation with Milbank’s public M&A teams in London and New York ensure a high-level service which is complemented by the corporate advisory practice.
Contacts: Peter Nussbaum, Norbert Rieger, Christoph Rothenfusser

Restructuring (insolvency and finance): The Frankfurt and Munich restructuring teams advise companies, funds, private equity houses and their portfolio companies, financial institutions and other creditors and debtors in respect of all areas of financial restructurings, corporate workouts, turnarounds and insolvencies, and represent entities interested in acquiring troubled companies, their assets or their debt. Together with Milbank’s market leading restructuring practices in the USA and London, the team provides seamless legal advice spanning all major jurisdictions.
Contacts: Mathias Eisen, Martin Erhardt, Thomas Ingenhoven, Barbara Mayer-Trautmann

Tax: The tax team advises on all aspects of national and international corporate tax law, focusing on the development and implementation of tax-optimised acquisition and financing structures. The team further advises clients on tax matters of corporate restructurings and other complex and constantly changing matters of corporate tax law.
Contacts: Rolf Füger, Thomas Kleinheisterkamp, Matthias Schell