MILBANK TWEED HADLEY & MCCLOY

Comment: For this highly recommended M&A practice, last year’s work in major sales for new client Bilfinger was the breakthrough. This was followed by a series of deals for regular client Pro7Sat.1 Media, the first instruction for Metro spinoff Ceconomy, and the management of the Xella sale for the owner. The German practice lost its first partner, Dr. Peter Memminger, who set up his own firm, but this was not seen as a setback by the market, esp. as Bernhardt had recently joined from Allen & Overy bringing work for the Frankfurt office. Though the new partner specializes in mid-cap PE, he has already worked on an M&A deal – the PTV sale. Milbank announced further reinforcements in August 2017: Dr. Steffen Oppenländer from Hengeler Mueller will join the Munich office. As well as adding broad experience in industry, infrastructure and ?PE deals, this shows Milbank’s ability to lure partners from a leading practice like Hengeler. He also bolsters the level below Rieger and Nussbaum.
Strengths: Extensive experience in private M&A and public takeovers.
Recommended: Dr. Norbert Rieger (“clever, can-do attitude”, client), Dr. Martin Erhardt, Dr. Christoph Rothenfußer (public M&A), Dr. Peter Nussbaum, Dr. Arndt Stengel, Dr. Michael Bernhardt, Dr. Steffen Oppenländer.
Practice: International and German clients in midsized to big-ticket transactions. ?PE deals. Well-rehearsed cooperation with Milbank ?tax and ?antitrust practices. (5 partners, 2 counsel, 12 associates)
Clients: ?? Bilfinger on sale of construction and real estate division; Pro7Sat.1 Media on acquisition of Parship and Jochen Schweizer as well as on sale of Etraveli; Ceconomy on investment in Artémis/Fnac; PAI Partners and Goldman Sachs on sale of Xella; PTV owner on sale to Porsche SE.
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