Comment: This highly recommended M&A practice solidified its excellent position in mid-cap transactions with occasional forays into large-cap deals. Noerr has this client structure in common with CMS, but is a step ahead in one aspect: the very good international network, with informal links to befriended firms and the Noerr offices in London and New York, works better for both client acquisition and deal management. The number of cross-border deals is thus characteristic, e.g. the billion-euro sale of southeast Asian company Lazada to the Chinese Alibaba – a further instruction from the Rocket Internet universe that took place in southeast Asia. Advice to British Daimler subsidiary Intelligent Apps on an acquisition in Greece shows how Noerr works on instructions with no connection to Germany at all. The long-established, solid contacts in eastern Europe and Russia round off the international picture. Despite this remarkable international strength, Noerr has yet to catch up to leading competitors when it comes to public takeovers.
Strengths: Successful sector focus, e.g. in e-commerce, regulated industries and ?real estate. The successful ?insolvency and restructuring practice gives rise to frequent M&A work. Strong eastern European practice, active in BRIC states via various country desks.
Development potential: If Noerr should want to leave its comfortable position as a market leader in the mid-cap segment, it could rely on its internationality and a consistent sector focus. Laterals in the new Hamburg office also bring new contacts, both in the local Mittelstand and among corporates like Otto. Bringing these together will call for dedicated and patient management.
Recommended: Dr. Alexander Ritvay, Dr. Tobias Bürgers, Dr. Dieter Schenk, Dr. Thomas Schulz, Prof. Dr. Christian Pleister, Dr. Alexander Hirsch, Dr. Holger Alfes, Dr. Thomas Hoffmann, Dr. Thorsten Reinhard, Dr. Till Kosche (“good negotiator”, competitor), Jens Gehlich, Dr. Sascha Leske, Dr. Gerald Reger, Dr. Florian Becker, Dr. Michael Brellochs (“one of the stellar, up-and-coming players”, client).
Practice: Broad practice focusing on automotive, chemicals, ?media, ?IT, services, ?energy and pharmaceuticals and healthcare sectors. Strong contacts to insolvency administrators. (21 equity partners, 4 salary partners, 27 associates)
Clients: ?? Lazada shareholder on sale to Alibaba; Europcar on acquisition of Buchbinder; Arag on sale of life insurance division; Daimler Intelligent Apps on takeover of Taxibeat; Shanghai Electric on acquisition of Broetje Automation.
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