DLA Piper

Comment: For this firm respected for financial restructuring, cooperation is a key advantage over other firms that are sustained by the visibility of individual partners. Cooperation with the DLA insurance team is established, and notable banking clients with a litigation origin were also cross-sold to restructuring. This success underscores DLA’s approach of positioning itself as an alternative to long-established finance advisors. The market knowledge brought by significant non-performing loan instructions (where DLA has tried its hand for years) is useful. The firm’s visibility in M&A is noticeable, even after the move of Berlin transaction partner Peter Jark to BBL. But few deals were closed, apart from the Dutch Propertize Bank, which was acquired for Lone Star and JPMorgan by an international team.
Strengths: Restructuring practice in many countries.
Recommended: Dr. Dietmar Schulz.
Practice: Multifaceted advice to investors in insolvency situations, e.g. contract drafting, finance structures and ?M&A transactions, and to German and international credit institutes on refinancing and sales, frequently related to ?real estate portfolios; litigation. (2 partners, 5 counsel, 4 associates)
Clients: ?? Lone Star/JPMorgan on acquisition of Dutch Propertize Bank and its credit portfolio; Pickenpack Group bank consortium on completion of insolvency proceedings; Flacks Group on acquisition of stake in Holzindustrie Fürst zu Fürstenberg; ongoing advice to Lone Star and Hilco regarding potential investment targets.
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