K&L GATES

Comment: This recommended M&A practice profited from the boom in Chinese work, e.g. advising SafBon on an acquisition in Germany. The practice boasts good ties to the Paris office. Banke steered various deals with the French practice. But K&L Gates suffered a severe staff setback: partners Andreas Füchsel, Dr. Mathias Schulze Steinen and Claudius Paul went to DLA Piper, Dr. Christian Horn to Luther. Dr. Franz Schaefer and a counsel from King & Wood Mallesons joining the Munich office, which launched in 2016, cannot compensate for these alone, although Schaefer brings solid client contacts.
Strengths: Cross-border, midsized transactions.
Development potential: The loss of four corporate partners is a heavy blow. Füchsel boasted good PE investor contacts. This work has now been lost for the most part. Rebuilding the practice with internal resources alone would be extremely difficult.
Recommended: Dr. Thomas Lappe (“impressive expertise in cross-border and carve-out deals”, competitor), Klaus Banke.
Practice: Strong international practice focusing on mid-cap deals, also established among German corporates. (6 partners, 1 counsel, 9 associates)
Clients: ?? VTG on acquisition of CIT Rail; Luye Pharma on acquisition of Acinos; Open Synergy on sale of all shares to Panasonic; Deutsche Wohnen on acquisition of development division of Krampnitz military base; SafBon regarding majority stake in ITN Nanovation.
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