Comment: This firm is highly recommended for M&A and has made considerable strides over the past year, gradually shaking off its reputation as an individualist practice and instead institutionalizing larger teams and in particular improving cross-border cooperation within Europe. There were, for example, major deals in the US for clients such as Evonik. One of the results of this reorganization has been to broaden activity for key clients: the most impressive example was acquisition work for Signa which was previously a real estate client. The focuses of the transactional practice remain real estate, healthcare and private equity. The latter in particular was strengthened by the arrival of Dr. Michael Czieslas from King & Wood, who also represents an important addition to the Frankfurt team whose M&A practice was undersized. But the expansion of the broader private M&A practice, e.g. in retail, was helped by growth beneath the partner level, incl. experienced counsels with a background from leading firms (e.g. Ashurst, Hengeler) and who give vital backbone to the team for transaction management. Not before time, associate recruitment has also been accelerated.
Strengths: Strong real estate focus in Düsseldorf, healthcare focus in Munich.
Recommended: Dr. Norbert Schulte (“natural authority”, competitor), Christian von Sydow, Dr. Stephan Rau (“very strong in the healthcare sector”, competitor), Dr. Carsten Böhm (“has made great progress since joining McDermott”, competitor), Dr. Nikolaus von Jacobs (esp. private equity), Dr. Jan Hückel (“very good project management”, competitor), Dr. Michael Cziesla (“focused, cooperative”, competitor).
Practice: Focus on the pharmaceuticals and healthcare, media and ?real estate sectors. Also ?private equity and venture capital. (24 partners, 3 counsel, 17 associates)
Clients: ?? Karstadt/Signa on acquisition of, Outfitter, TennisPoint Group; TransDigm on acquisition of Schroth Safety Products; Honeywell on sale of RMG Messtechnik; Medi Globe on sale to Duke Street; Ratiodata on acquisition of Banqtec.
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