Firms To Watch: Restructuring

REIUS Rechtsanwälte Partnerschaft mbB advises national and international clients on restructuring matters in the real estate industry. These capacities were expanded in September 2022 with the addition of Frederick Staudacher, formerly at Latham & Watkins LLP, who is well versed in financial restructuring.

Restructuring in Germany

Clifford Chance

Clifford Chance cooperates closely with the firm's global restructuring, distressed M&A and litigation practices. This cross-border expertise is called upon by banks, financiers and funds as well as numerous companies when examining the applicability of foreign restructuring tools. In early 2023, practice head Stefan Sax was appointed to German managing partner; he focuses on cross-border financial restructuring and insolvency. Counsel Martin Jawansky has experience in restructuring transactions. Cristina Weidner (financial restructuring and corporate restructuring) joined the Munich location of Kirkland & Ellis International LLP in May 2023.

Praxisleiter:

Stefan Sax


Weitere Kernanwälte:

Martin Jawansky


Referenzen

‘A team which acts as a team.’

‘Martin Jawansky confidently and elegantly leads in financier meetings.’

‘Stefan Sax is a very experienced lawyer. Great specialist knowledge, good responsiveness, also works on solutions in a smaller group.’

CMS

CMS‘ restructuring practice is dedicated to stabilisation and restructuring, particularly in connection with the pandemic, climate crisis and geopolitical issues (most recently pertaining to the Ukraine war) as well as in connection with the economic transformation; here, the team focuses on the banking, finance, life sciences and healthcare sectors. Clients benefit from longstanding expertise in sustainable restructuring, refinancing, reorganisation measures, distressed M&A and financial restructuring. Alexandra Schnapp-Amend (cross-border restructuring and insolvency proceedings) heads the practice, which recently advised on stabilisation measures for gas companies to secure energy supplies in Germany. Rolf Leithaus is experienced in advising companies on restructuring, distressed M&A, restructuring support and insolvency-related dispute resolution, while associate Alexander Holler is well versed in financial and operational restructuring.

Praxisleiter:

Alexandra Schluck-Amend


Weitere Kernanwälte:

Rolf Leithaus; Alexander Holler


Referenzen

‘Very competent and pleasant team led by Alexandra Schluck-Amend. It almost doesn’t matter which team members are involved.’

‘Alexandra Schluck-Amend: Despite the large number of clients that she looks after, she is always deeply involved in the topics of the individual mandates and is approachable. Personally, she is a very competent, empathetic but also assertive personality.’

‘Very efficient team setup with a high level of partner involvement/leadership.’

Kernmandanten

Bundesministerium für Wirtschaft und Klimaschutz (BMWK)


Flughafen Friedrichshafen GmbH / Regionalflughafen Bodensee


Greensill Bank AG


Nynas GmbH & Co. KG


Wirtschaftsstabilisierungsfonds (WSF)


Highlight-Mandate


  • Advising the Federal Network Agency (BNetzA) / Federal Ministry for Economic Affairs and Climate Protection (BMWK) on stabilization measures for systemically important gas companies to secure energy supplies in Germany. Advice regarding the trusteeship of Gazprom Germania GmbH. Transfer of the ailing gas company SEFE Securing Energy for Europe GmbH (SEFE) into federal ownership to secure German gas supplies.

  • Advice on saving and stabilizing Friedrichshafen Airport against the background of the effects of the Covid-19 pandemic. Support in the sustainable restructuring as part of insolvency proceedings in self-administration with a protective shield. Development of a concept that is viable under state aid law and its successful notification to the European Commission, including the negotiation of commitments and the creation of a comprehensive restructuring plan.

  • Advising Nynas in connection with the restructuring of the Swedish parent company, which ran into financing difficulties due to US sanctions against the Venezuelan parent company and had to apply for reorganization proceedings under Swedish law.

Dentons

Dentons‘ restructuring practice is based in Berlin and Frankfurt and has expertise in distressed M&A, restructuring via trusteeships and restructuring companies as well as in advising lenders and coordinating bond and promissory note creditors; the team is particularly active in the area of ​​financial restructuring. The European head of the restructuring practice Andreas Ziegenhagen is renowned for his expertise in trusteeships and also advises on insolvency law; he jointly heads the German restructuring practice with Arne Friel, who is well versed in cross-border distressed transactions, corporate law matters and large restructurings. Dirk Schoene (trusteeships, pre-insolvency restructuring, distressed M&A, protective shield and self-administration proceedings) and Holger Ellers (restructuring, distressed M&A, insolvency) are other key contacts of the practice. In January 2023, Hans Beyer (out-of-court restructuring, restructuring proceedings according to StaRUG, self-administration, protective shield and insolvency plan proceedings) joined the team; he was previously at K&L Gates LLP.

Praxisleiter:

Andreas Ziegenhagen; Arne Friel


Weitere Kernanwälte:

Dirk Schoene; Holger Ellers; Hans Beyer; Daniel Fritz


Referenzen

‘Restructuring at the highest level. One of the most competent and fastest restructuring teams in the market. Collegial team.’

‘Andreas Ziegenhagen: Rightly one of the market leaders for decades. Legally the highest level paired with perfect solution-orientedness.’

‘Dirk Schoene: Precise, fast, at a high level. Tough on the matter but fair negotiator.’

Kernmandanten

WELLE Environmental Group


Mobisol


Europäische Kommission


E.I.M.G. GmbH & Co. Installationstechnik KG (E.I.M.G.)


Wealth Option Trust Ltd.


Fissler GmbH


Christian Otto


Worldpay Limited


Lilabäcker


Dradura Holding GmbH & Co KG


Harz-Metall GmbH


Air Berlin PLC


Losberger de Boer


PROKON Regenerative Energien eG


Recylex-Gruppe


Treveria F S.à r.l.


Keller Group GmbH


Accentro Real Estate AG


Adler Group S.A.


Highlight-Mandate


  • Representation of the promissory note creditors of the automotive supplier Huf in the context of an extension of the term of the existing promissory note loans.

  • Advising and coordinating the promissory note creditors of the automotive supplier Leoni in the context of the financial restructuring in connection with the implementation of the restructuring concept using the corporate stabilization and restructuring law (StaRUG).

  • Advising WELLE Environmental Group on the takeover of EuRec in Germany and on the restructuring of the management team.

Gleiss Lutz

Gleiss Lutz focuses on financial restructurings, including the restructuring of bonds, and the team also assists with distressed M&A transactions and carve-outs as well as insolvency disputes. Practice head Andreas Spahlinger is well versed in cross-border restructuring and crisis situations, such as insolvency plan proceedings and self-administration. Further key contacts are Matthias Tresselt, who specialises in insolvency-related corporate law, the refinancing and restructuring expert Helge Kortz, Alexander Nagel (advice to governing bodies of companies in crisis) and Ralf Morshäuser (carve-outs and distressed M&A). The opening of the new location in London, which focuses on distressed M&A and restructuring situations, strengthend the practice's international reach; Christian Halàsz (cross-border restructuring and securities conversion) divides his time between London and Frankfurt.

Praxisleiter:

Andreas Spahlinger


Weitere Kernanwälte:

Matthias Tresselt; Helge Kortz; Alexander Nagel; Ralf Morshäuser; Christian Halàsz; Friedrich Schlott; Kai Birke


Referenzen

‘The restructuring team at Gleiss Lutz is probably the most experienced in the market for many years. They managed to build and retain a number of very experienced partners in the team. Governing bodies can feel very safe in critical situations with this team on board. Above all, the out-of-court moderation/negotiation skills are unparalleled.’

‘Very high level of professional competence, high team and set-up skills and proactive.’

‘Andreas Spahlinger is one of the experts of the scene. His judgment carries considerable weight in large groups.’

Kernmandanten

Takko Fashion GmbH und ihr Eigentümer Apax Partners


Robus Capital Management, |Whitebox Advisors und JP Morgan|als Eigentümer und Majority Lender der Gerry Weber International AG


Sponsoren der Flint Group


First Lien Kreditgeber der Avaya Group


SunExpress


Wittur International|und Bain Capital


Enercon


Sefe


Wirecard und Insolvenzverwalter von Wirecard


Accor


Highlight-Mandate


  • Advising LEONI AG and LEONI Kabel GmbH and their subsidiaries as well as other companies in the Wire & Cable Solutions and Wiring Systems Division as part of the restructuring and refinancing of the LEONI Group.

  • Advising an ad hoc group of bondholders of the listed Luxembourg real estate company Adler Group SA in the context of the company’s financial restructuring.

  • Advising STEAG GmbH and its management as well as the STEAG shareholder KSBG in connection with the restructuring and comprehensive reorganization of the STEAG Group (through legal and operational division into a coal division and a green growth division), including all financing issues. Also advising KSBG on the (intended) sale of STEAG.

GÖRG Partnerschaft von Rechtsanwälten mbB

GÖRG Partnerschaft von Rechtsanwälten mbB is led by practice head Christian Bärenz (restructuring) and Gerrit Hölzle (insolvency administration) and supports companies, strategic investors as well as private equity and hedge funds in financial restructuring, restructuring projects according to StaRUG as well as in self-administration. Bärenz’s restructuring expertise is regularly drawn on in large company restructurings and insolvencies as well as in insolvency-related private equity matters and M&A transactions. Hölzle is well versed in self-administration proceedings and boasts industry expertise in the automotive, energy, services and trade sectors. Martin Stockhausen and Helmut Balthasar are experienced in distressed M&A and divestments.

Praxisleiter:

Christian Bärenz; Gerrit Hölzle


Weitere Kernanwälte:

Martin Stockhausen; Helmut Balthasar


Kernmandanten

Leoni AG


Green City


Kommunale Gesellschafter der KSBG (mittelbar STEAG)


Deutsche Lichtmiete


thyssenkrupp Marine Systems


KEHAG Energiehandel GmbH


SCP Group und x+bricks S.A.


SOL Capital Management GmbH, Wien


SMA Metalltechnik GmbH & Co. KG


Zenloop


Highlight-Mandate


  • Advising LEONIE AG on various legal issues in the area of ​​distressed M&A and divestment.

  • Advising the municipal shareholders of KSBG (indirectly STEAG) on financial restructuring including the establishment of a trust.

Kirkland & Ellis International LLP

Kirkland & Ellis International LLP frequently advises on cross-border financial restructuring, including debt-equity swaps, debt-hybrid-swaps and the use of foreign insolvency proceedings to restructure German debtors. Other core areas are the restructuring of bonds, the advice on distressed debt funds, D&O liability in crisis situations, insolvency disputes, distressed M&A and rescue financing. The practice offers longstanding experience in ​​financial restructuring in the real estate sector and acts on behalf of both creditors and debtors. Sacha Lürken and Leo Plank regularly act in large cross-border restructurings. Other key contacts are Bernd Meyer-Löwy (international restructuring, insolvency law), Marlene Ruf (cross-border restructuring, distressed M&A) and Cristina Weidner (financial restructuring , Distressed M&A), who joined from Clifford Chance in May 2023. In January 2023, Josef Parzinger (cross-border financial restructuring) left the team and moved to Allen & Overy LLP. Associate Michael Berger is also frequently active in cross-border restructurings.

Weitere Kernanwälte:

Cristina Weidner; Bernd Meyer-Löwy; Leo Plank; Sacha Lürken; Marlene Ruf; Michael Berger


Referenzen

‘Extremely high level of expertise in individual specialist areas as well as across jurisdictions, which can be called upon if necessary. This ensures holistic advice; very good relationships with all renowned financial investors; very creative team that develops solutions together with clients.’

‘Bernd Meyer-Löwy: Excellent professional, always keeps an eye on the economic goal and is extremely creative.’

‘Leo Plank and Marlene Ruf are excellent.’

‘Leo Plank: Super experienced and very competent advice.’

‘Marlene Ruf: Very responsive and technically very strong.’

‘Very commercial and responsive.’

Kernmandanten

K&E Treuhand GmbH


Galapagos Holding S.A., Galapagos BidCo S.à r.l.


Gläubigerausschuss der Rickmers Reederei


BMC


SLV Lighting Group GmbH


Highlight-Mandate


  • Advising an ad hoc group of creditors of the €350 million high yield bond of Safari Holding Verwaltungs GmbH (Löwen Play) on the successful financial restructuring of the debtor through the first scheme of arrangement via a foreign company since Brexit.

  • Advising a consortium of RCF banks on the financial restructuring of LEONI AG as part of a StaRUG procedure.

  • Advising the Galapagos Group on the financial restructuring of liabilities through a Luxembourg share lien enforcement and the subsequent multinational litigation (including before the Federal Court of Justice and the European Court of Justice).

Latham & Watkins LLP

Latham & Watkins LLP ‘s restructuring team offers longstanding expertise in financial and operational restructuring, including cross-border matters, and has experience in insolvencies and distressed M&A; Jörn Kowalewski frequently advises distressed investors, lenders, lender groups and steering committees as well as debtors, shareholders and governing bodies. In addition to financial and operational restructuring, practice head Frank Grell also assists with insolvency-related litigation and refinancing, while Ulrich Klockenbrink primarily supports large restructurings, distressed M&A and takeovers as well as in and out-of-court enforcements. Counsel Hendrik Hauke ​​regularly advises on takeovers of distressed companies.

Praxisleiter:

Frank Grell


Weitere Kernanwälte:

Ulrich Klockenbrink; Jörn Kowalewski; Hendrik Hauke


Referenzen

‘Ulrich Klockenbrink is an absolute expert in the area of ​​restructuring and brings in good strategic perspectives, while still remaining approachable.’

‘Jörn Kowalewski: Great strategist with incredible communication and moderating skills.’

‘Jörn Kowalewski and Frank Grell are very competent and provide quick and good support.’

Kernmandanten

ACCENTRO Real Estate AG


All 4 Golf


Insolvenzverwalter Air Berlin


Barings


Bundesverband deutscher Banken e.V. (BdB)


Centerbridge Partners


Commerzbank


EMAG


Huf Hülsbeck & Fürst


Hülsta


LEONI AG


Löwen Play / Safari Holding Verwaltungs GmbH


NordLB


Postbank AG


SGB Smit


Schur Flexibles


Scholz Holding


Highlight-Mandate


  • Advising the listed ACCENTRO Real Estate AG on the comprehensive refinancing of two bonds in accordance with the German Debt Securities Act with a total volume of over €350 million.

  • Advising the Steering Committee of the lenders of the Benteler Group, consisting of Commerzbank AG, DZ BANK AG, Erste Group Bank AG, Landesbank Baden-Württemberg and Norddeutsche Landesbank, on the now completed full €2 billion refinancing, which is part of a fundamental restructuring of the Benteler Group.

  • Advice on the restructuring of Leoni AG, in particular on the restructuring of its financing on the basis of several financing instruments such as a syndicated loan, bilateral loans, promissory notes, factoring and sale-and-lease-back with a volume of over €2 billion, most recently in connection with the first major StaRUG process in the German market, which includes an overall solution for all financing lines and a restructuring of the shareholder side.

Allen & Overy LLP

Allen & Overy LLP supports companies, investors and banks as well as governing bodies in all restructuring and insolvency matters. The team is led by Franz Bernhard Herding (banking and financial law/restructuring) and Sven Auditer (corporate law/restructuring) and is well versed in the finance sector and recently assisted with cross-border restructuring as well as distressed M&A. Here, Peter Hoegen, who is experienced in cross-border restructuring with complex financing structures, is another key contact. Josef Parzinger (advice on private debt funds and distressed debt funds, cross-border financial restructuring) joined the Munich location from Kirkland & Ellis International LLP in January 2023, while counsel Hauke ​​Sattler (restructuring, insolvency) has expertise in the automotive sector and strengthened the Hamburg-based team in November 2022; Sattler was previously at Freshfields Bruckhaus Deringer.

Praxisleiter:

Franz Bernhard Herding; Sven Prüfer


Weitere Kernanwälte:

Josef Parzinger; Hauke Sattler; Peter Hoegen


Referenzen

‘Legal support in complex consensual restructurings in all facets with a high level of legal competence.’

‘Strong team – strong expansion.’

‘With Hauke ​​Sattler and Josef Parzinger came two rising stars. Established consultants around Franz Bernhard Herding.’

Kernmandanten

BENTELER Gruppe


Enercon Group


GERRY WEBER International AG


Hamm Reno Group


ING Bank AG


Uniper


Wachtel


Highlight-Mandate


  • Advising Uniper on key elements of a stabilization package totaling €15 billion agreed upon by Uniper, the Federal Government and Fortum.

  • Advising Gerry Weber on financing, restructuring, labor law and capital market law aspects in connection with the restructuring.

  • Advising German credit institutions on the refinancing of an international automotive supplier.

Hengeler Mueller

Hengeler Mueller's restructuring team is well versed in advising financial investors, which regularly request the expertise in financial restructuring and distressed M&A. The client roster includes international creditors, lenders and debtors. Practice head Martin Tasma also focuses on financial restructuring and distressed M&A transactions, while Johannes Tieves advises on syndicated loans, takeover financing, promissory note loans and high-yield bonds and hybrid financing.

Praxisleiter:

Martin Tasma; Johannes Tieves


Kernmandanten

Fortum Oyj; Fortum Deutschland


Glencore


Woco Franz Josef Wolf Holding GmbH


Nederlandse Spoorwegen


EPH (Energetický a Průmyslový Holding)


Great Wall


Comcast Corporation


EEW Holding GmbH & Co. KG


Heuking

Heuking comprehensively advises companies in crisis on financial restructuring as well as restructuring and insolvency law matters. Another focus is advising financial investors on both the acquisition of (non-performing) loans against companies in crisis as well as on the investment of equity capital in them. Practice head Georg Streit boasts similar competencies and is experienced in the automotive industry, while the team recently handled restructurings in the banking, chemicals, healthcare and energy sectors and was instructed by real estate investors and financiers. Kai Uwe Büchler (restructuring, reorganisation, insolvency law) and Arnold Büssemaker (restructuring, corporate finance, reorganisation) are further key contacts.

Praxisleiter:

Georg Streit


Weitere Kernanwälte:

Kai Uwe Büchler; Arnold Büssemaker


Referenzen

‘Excellent legal knowledge, also interdisciplinary for board liability and corporate law issues. Very good and constructive cooperation.’

‘Georg Streit has excellent legal skills. His excellent negotiating skills are particularly noteworthy. He always finds a solution in the interests of his clients without losing sight of the bigger picture.’

‘Years of trusting cooperation with Georg Streit.’

‘Very assertive and strong team with legal expertise.’

‘The highest legal level, very high level of personal commitment on the part of the professionals and a particular assertiveness and persistence make the Heuking team the optimal partner in difficult insolvency and restructuring law matters in which, among other things, client interests have to be defended against considerable resistance.’

‘Georg Streit: An excellent insolvency law expert, very strong rhetorically, assertive, well networked and grasps the overall economic context of complex constellations at lightning speed.’

‘Kai Uwe Bücheler: An outstanding lawyer and insolvency lawyer; very quick and legal analyzes of complex constellations; excellent tactician for conflict situations.’

‘Arnold Büssemaker: Excellent lawyer and insolvency lawyer, well connected with a good economic understanding.’

Linklaters

Linklaters offers excellent international capacities and focuses on financial and operational restructuring as well as insolvency law matters and distressed M&A. The traditional focus is on advising players from the banking sector, although the team has also recently been instructed by companies from the tourism, steel, shipbuilding, retail, energy and automotive sectors. Sabine Vorwerk, who is experienced in advising creditors, and Sven Schelo (restructuring of banks and financial institutions) jointly head the practice.

Praxisleiter:

Sabine Vorwerk; Sven Schelo


Referenzen

‘Sven Schelo and his team think and work far-sightedly and comprehensively beyond the specific problem presented and proactively recognize the client’s overall interests.’

Highlight-Mandate


  • Advising Alvarez & Marsal in its role as provisional liquidator in the judicial liquidation process of the assets of the Genting Group (provisional liquidation under Bermuda law).

  • Advising Uniper on the federal rescue package worth more than €30 billion in state support via equity measures as well as advising on all state aid and public law aspects of the stabilization and rescue package, which was coordinated and negotiated with the majority shareholder Fortum and the Federal Republic of Germany and should be further coordinated with the European Commission.

  • Advising an international logistics company, among other things, in connection with the restructuring and reorganization financing of various companies and representation in connection with appeal proceedings and questions of European insolvency law in connection with the insolvency of a shoe manufacturer.

Noerr

Noerr's restructuring expertise is requested by investors, companies in crisis and creditors, which the team advises on financial restructuring as well as distressed M&A. Additionally, the team assists with reorganisation measures as well as a dedicated distressed disputes team covering relevant contentious matters. The practice is led by Thomas Hoffmann, who is experienced in trusteeships, and Marlies Raschke, who handles distressed M&A matters and out-of-court restructurings. Further key contacts are Dorothee Prosteder (restructuring, distressed M&A, insolvency law) and Simone Schönen (restructuring and refinancing, bond structuring).

Praxisleiter:

Marlies Raschke; Thomas Hoffmann


Weitere Kernanwälte:

Dorothee Prosteder; Simone Schönen


Kernmandanten

Adolf Mohr Maschinenfabrik GmbH & Co KG


Agricultural Bank of China


AEQUITA Management SE Investmentgesellschaft


AURELIUS Equity Opportunities SE & Co. KGaA


Avalkreditgeber der STEAG GmbH


Beissbarth GmbH


Bundesrepublik Deutschland – Finanzagentur GmbH


Compleo Charging Solutions AG


Fidelis Insurance Ireland DAC


GERRY WEBER International AG


Gienanth Group GmbH


GLAS Trust Corporation Ltd.


Hertha BSC


Inhaber von Schuldscheinen der ORPEA S.A


J&T Banka


KKR Credit Advisors (EMEA) LLP


Silvercourt Capital


STEAG GmbH


Techno Design


Westron Group


Windeln.de


Highlight-Mandate


  • Advising KKR Credit Advisors (EMEA) LLP on the restructuring of elevator parts supplier Wittur.

Sidley Austin LLP

Sidley Austin LLP regularly advises companies in crisis, official and ad hoc creditors’ committees, lenders as well as participants in distressed transactions on financial restructuring. Patrick Schulz made partner in January 2023 and focuses on cross-border restructuring and distressed M&A. Practice head Kolja von Bismarck specialises in financial restructuring and Andreas Steiger advises creditors, distressed investors, debtors, shareholders and sponsors on financial and operational restructuring.

Praxisleiter:

Kolja von Bismarck


Weitere Kernanwälte:

Patrick Schulz; Andreas Steiger


Referenzen

‘Great legal knowledge, great language skills and perfect networking in the Anglo-American region.’

‘Andreas Steiger and Patrick Schulz: Always a pleasure to work with them.’

‘Very approachable colleagues who always have an open ear for the clients and their wishes.’

Kernmandanten

adapa Group (vormals Schur Flexibles Group)


Glas Trust Corporation


Losberger Holding GmbH


Highlight-Mandate


  • Advising the Schur Flexibles Group on its successful financial restructuring.

  • Advising Glas Trust Corporation on the enforcement of security interests in the insolvency of the Galapagos Group and the subsequent avoidance proceedings.

  • Advising the Losberger De Boer Group as part of its ongoing financial and operational restructuring.

White & Case LLP

White & Case LLP focuses on complex cross-border restructurings in the automotive, shipping, aviation, consumer goods, retail, energy, real estate and healthcare sectors. The team’s expertise is frequently requested by companies and investors as well as banks and private debt funds. Riaz Janjuah regularly acts in well-known restructurings in the shipping sector and jointly heads the practice with Sven-Holger Undritz, whose experience in restructuring and reorganisation also extends to distressed M&A; he offers additional expertise in the restructuring of non-performing loans in the maritime industry. Sylvia Fiebig (operational restructuring, change management, insolvency law, industry focus on shipping), Andreas Kleinschmidt (restructuring, insolvency, restructuring), Jan-Philipp Hoos (restructuring in self-administration, insolvency proceedings) and Daniel Schwartz (cross-border restructuring, insolvency law, distressed M&A) are further key contacts.

Praxisleiter:

Sven-Holger Undritz; Riaz Janjuah


Weitere Kernanwälte:

Sylvia Fiebig; Andreas Kleinschmidt; Daniel Schwartz; Jan-Philipp Hoos


Referenzen

‘White & Case’s restructuring team is excellent. Based on the high level of expertise that the law firm has built up over decades in the area of ​​insolvency administration, White & Case also advises with the same professionalism in the pre-insolvency area and restructuring. The combination of legal quality and economic understanding makes the law firm a TOP address.’

‘Very technically strong team.’

‘Riaz Janjuah: Very high level of expertise and high level of commitment.’

‘Daniel Schwartz: An excellent lawyer and has a high level of economic understanding.’

‘Andreas Kleinschmidt: A top restructuring expert. He manages (like only a few) the balancing act between administrator and advisor.’

‘Riaz Janjuah and Jan-Philipp Hoos: great both professionally and personally.’

‘Jan-Philipp Hoos is really highly recommended. Very competent and also solution-oriented. He is a good negotiator, has a high level of economic understanding and is strong in implementation.’

‘Complex moderation of restructuring financing by a very competent team led by Jan-Philipp Hoos.’

Kernmandanten

hsh portfoliomanagement AöR


Adler Group S.A.


Orpea SA


Daimler AG


Hertz Global Holdings, Inc.


Spiele Max GmbH


Mercedes-Benz AG


GLM-Service u. Vertrieb GmbH & Co. KG (GLM)


Feilo Sylvania Germany GmbH


Deutsche Lufthansa AG


Highlight-Mandate


  • Representing a consortium of financing parties in connection with discussions regarding a possible restructuring and redevelopment of an offshore wind farm in Taiwan.

  • Advising an insolvency administrator on the assets of a German credit institution in connection with the enforcement of claims against Australian insurers.

  • Advising hsh portfoliomanagement AöR, the settlement agency of the Free and Hanseatic City of Hamburg and the state of Schleswig-Holstein, in connection with the sale of its last large ship loan portfolio.

act AC Tischendorf Rechtsanwälte

act AC Tischendorf Rechtsanwälte is experienced in operational and financial restructuring, distressed M&A and trusteeships as well as reorganisation matters, while clients also benefit from various legal tech tools such as the act restructuring quick check and the restructuring cost calculator. The practice is jointly led by Sven Tischendorf (restructuring, employment law, distressed M&A), Alexander Höpfner (insolvency administrator, self-administration, protective shield proceedings) and Matthias Müller (crisis and restructuring situations, insolvency law).

Praxisleiter:

Sven Tischendorf; Alexander Höpfner; Matthias Müller


Referenzen

‘Very quick analysis of the matter. Perfect risk assessment and realistic recommendations for action. Support and assistance during implementation is exceptionally good.’

‘Unique technical expertise. Very quick and always very friendly. The work is characterized by constructiveness, professionalism and a good atmosphere.’

‘Decades of experience in the restructuring sector coupled with entrepreneurial thinking, the ability to empathize with all stakeholders and to think outside the box of one’s own mandate make AC Tischendorf a more than recommendable address. Transparent budgeting and especially innovative tools such as the social plan calculator also make sense from a business perspective.’

Kernmandanten

Beinbauer Automotive Group


Hallhuber


H.I.G. Capital


Hannover Finanz


hubergroup Gruppe


Elkas GmbH & Co. KG Transport- und Lagertechnik


Schaltbau Bode


Edscha Gruppe


Eurofins Scientific Gruppe


Saurer Group


Exel Industries


Salamander


McKesson


Highlight-Mandate


  • Advising the shoe label Salamander on  self-administration and the entry of an investor into the ongoing self-administration process.

  • Advising the fashion group Hallhuber on its renewed self-administration.

  • Advising the hubergroup group on a comprehensive restructuring project affecting more than 300 employees.

Ashurst LLP

Ashurst LLP advises companies, banks as well as private equity and debtor funds on ​​financial restructuring. Cross-border matters are also covered thanks to the international network. The team is particularly experienced in the automotive industry but also acts across the energy, healthcare and financial services sectors. Practice head Alexander Ballmann is well versed in advising companies in crisis on restructuring as well as supporting insolvency administrators and debtors in the context of insolvency proceedings and distressed M&A, while Matthias Weissinger and Karsten Raupach focus on  financing and restructuring, including cross-border matters.

Praxisleiter:

Alexander Ballmann


Weitere Kernanwälte:

Matthias Weissinger; Karsten Raupach


Referenzen

‘Alexander Ballmann: An outstanding lawyer. He looks after the mandates with great personality, calmness and professional expertise. He manages and leads his team very well. He also works at the highest legal level.’

‘The Ashurst team in Munich, led by Mr. Alexander Ballmann, is a team of very experienced lawyers in the area of ​​restructuring and crisis management. The team as a whole works at the highest professional level. The Ashurst team is able to draw up contracts to perfection, even in English, especially company purchase agreements.’

‘Alexander Ballmann: An outstanding consultant and sparring partner in restructuring, he has extremely well-founded and broad specialist knowledge, is always solution-oriented, is very creative in finding solutions – far beyond the purely legal, he looks at restructuring holistically, always accessible, extremely reliable, very strategic in negotiation and conflict situations. He is always very focused. Nothing seems to faze him; he is crystal clear in his recommendations. For me one of the best restructuring lawyers in Germany.’

Kernmandanten

US Banks Trustees Limited


Bayerische Landesbank


Highlight-Mandate


  • Advising the Fintyre Group in its capacity as agent/security trustee of the financing banks and the note holders on the enforcement of claims in the insolvency of the German companies of the Fintyre Group.

  • Advising a group of financiers in connection with the refinancing of the Diebold Group.

Hogan Lovells International LLP

Hogan Lovells International LLP's restructuring capacities include the support in reorganisation, distressed M&A, financial and operational restructuring, including corporate restructuring, as well as in related contentious matters. The team advises clients from various sectors and regularly assists companies, investors and banks. Practice head Heiko Tschauner focuses on financial restructuring and insolvencies and is well versed in the automotive sector, while Christian Herweg advises on distressed M&A, financing, restructuring and insolvency law matters.

Praxisleiter:

Heiko Tschauner


Weitere Kernanwälte:

Christian Herweg


Kernmandanten

Bundesrepublik Deutschland – Finanzagentur GmbH


UniCredit Bank AG


HR Group


Saurer Spinning Solutions GmbH & Co. KG und Saurer Technologies GmbH & Co. KG


Eppendorf Gruppe


Highlight-Mandate


  • Advising the Federal Republic of Germany – Finanzagentur GmbH on insolvency plan proceedings for GALERIA Karstadt Kaufhof GmbH.

  • Advising UniCredit Bank AG on the sale of an NPL portfolio.

  • Advising the HR Group on the acquisition of the Success Hotel Group.

McDermott Will & Emery Rechtsanwälte Steuerberater LLP

McDermott Will & Emery Rechtsanwälte Steuerberater LLP focuses on distressed M&A and insolvency law matters and recently advised on restructurings in the retail and automotive industries. Uwe Goetker (insolvency and corporate law, transactions) jointly heads the practice with Matthias Kampshoff, who focuses on advising companies, governing bodies, investors and insolvency administrators on pre-insolvency and insolvency-related restructurings. Björn Biehl is experienced in restructuring and distressed M&A.

Praxisleiter:

Uwe Goetker; Matthias Kampshoff


Weitere Kernanwälte:

Björn Biehl


Referenzen

‘Björn Biehl: Strong commitment that goes far beyond the regular requirements.’

‘Very well-founded and fast, goal-oriented analysis. Solution-oriented approach. Technical competence.’

‘Matthias Kampshoff: Quick comprehension, technical excellence, is a structured thinker and analyst.’

‘The law firm is always very solution-oriented, very efficient and very effective, especially when it comes to conducting negotiations.’

‘Uwe Goetker: Services are always effective and the approach demonstrates strength in implementation.’

Kernmandanten

Borgers-Gruppe


CE Capital Partners GmbH


CE Guss GmbH & Co. KG


Galeria Karstadt Kaufhof GmbH


Hakle GmbH


HealthCareRoyalty Partner


Postcon NRW GmbH


Edelmann Gruppe


Highlight-Mandate


  • Advising the Borgers Group on the restructuring and sale of the mechanical engineering division to the Matthews Group and the sale of the automotive supplier division to the Autoneum Group.

  • Advising Hakle GmbH in the context of self-administration and the successful insolvency plan.

  • Advising Galeria Karstadt Kaufhof GmbH in the context of the second protective shield proceedings.

Norton Rose Fulbright

Norton Rose Fulbright is frequently instructed by companies from the healthcare, automotive, telecoms, real estate and technology sectors on cross-border restructuring matters; the team also acts on behalf of creditors and investors. The mainstays include the advice on distressed M&A and restructuring with a particular focus on financial restructuring. Sylwia Maria Bea is experienced in insolvency law and distressed transactions and increasingly assits with reorganisations. Banking lawyer Oliver Sutter heads the practice and advises on recapitalisation and restructuring matters.

Praxisleiter:

Oliver Sutter; Sylwia Maria Bea


Weitere Kernanwälte:

Frank Regelin


Referenzen

‘Norton Rose performed extremely well in a very complex refinancing transaction.’

‘Sylwia Maria Bea: A very reliable player in the market who delivered an excellent performance with her team. Clarity, integrity and speed are particularly noteworthy.’

‘Sylwia Maria Bea: Very committed and competent. Especially in distressed M&A and bond restructurings.’

Kernmandanten

Bayerische Landesbank


ERWE Immobilien AG


IsarCare


Landesbank Baden-Württemberg (LBBW)


ngena GmbH


Norddeutsche Landesbank


NOVENTI Health SE


Paragon GmbH & Co. KGaA


PMB Management GmbH


Real I.S. AG Gesellschaft für Immobilien


Stulz Verwaltungs GmbH & Co. KG


Taurecon Real Estate Consulting


UniCredit Bank AG (UCB)


VidaCura


Highlight-Mandate


  • Advising NOVENTI Health SE in connection with the refinancing of the syndicated loan in the amount of €1.4 billion with a banking consortium led by Deutsche Apotheker- und Ärztebank eG.

  • Advising the German parent company of an international automotive supplier group on various complex restructuring measures and options for US and Chinese subsidiaries.

  • Advising the Munich-based investment company IsarCare Holding GmbH on the acquisition of Burnus GmbH and Ernst Zeiss GmbH, which have been in self-administration in restructuring proceedings since spring 2022.

Taylor Wessing

Taylor Wessing regularly advises banks on financing, including the appointment to creditors’ committees, and supports companies across various industries in the context of restructuring, distressed M&A, financial restructuring and StaRUG-related proceedings. Hendrik Boss‘ restructuring expertise is frequently drawn on in the financial restructuring of national and international companies as well as in creditor committees, while Martin Heidrich focuses on reorganisation, protective shield and self-administration proceedings as well as distressed transactions; the duo jointly heads the practice.

Praxisleiter:

Martin Heidrich; Hendrik Boss


Weitere Kernanwälte:

Daniel Kunz; Michael Malitz; Christian Saueressig; Julia Siedhoff


Referenzen

‘Reliable, friendly, committed.’

‘The work is very solution-oriented. In the restructuring area there is a high level of industry know-how and a high level of responsiveness. In the litigation area, there is a high level of expertise in disputes relating to insolvency. Customers are realistically informed about the risks.’

‘Martin Heidrich: Reliable, committed, has strategic understanding. The issues are accurately anticipated and brought to a strategic solution; Topics are conveyed well.’

‘Daniel Kunz is structured, fast, and a very smart advisor!’

‘Hendrik Boss: Very tough negotiation, assertive.’

‘Christian Saueressig: Excellent litigator who realistically informs the customer about the risks before the process begins. Hendrik Boss: Fighter in restructuring mandates with very good economic understanding and ability to find solutions. Michael Malitz: A very competent litigator who safely guides insolvency administrators through complex disputes. Julia Siedhoff: A younger colleague from the restructuring team from Munich who does a very good job with a lot of commitment and empathy.’

‘Extraordinarily reliable, pragmatic, commercial, self-responsible and independent, creative, large network of consultants/law firms/administrators/courts in the small and mid-market, great depth of added value, also cross-border, in-house.’

‘Pragmatic team, alongside specialist expertise. Thorough and meticulous work and client support over a long period of time for a very complex and difficult process. Good communication and availability at a time when others would have shown signs of fatigue. We recommend Hendrik Boss and Christian Saueressig and a number of junior colleagues who kept the details together in the background. Very pleasant cooperation!’

Kernmandanten

RiverRock


Kleingläubiger der Abellio-Gruppe


Köver


Ludwig Pfeiffer Hoch- und Tiefbau


Highlight-Mandate


  • Advising on the first StaRUG procedure in Schleswig-Holstein together with PUKE DRESEN MAL; Due to the impending insolvency of a small group of medical care centers (MVZ), an external medical investor was prepared to take the MVZ into his group – but without the high looming liabilities.

  • Advising on the self-administration of the insolvent Hamburg lidar sensor developer Ibeo Automotive Systems GmbH on the sale of its business operations by way of an asset deal.

  • Advising the insolvency administrator of the companies in the Frankfurt-Hahn Group on the sale of the airport to the Trier real estate developer TRIWO AG.

BRL BOEGE ROHDE LUEBBEHUESEN

BRL BOEGE ROHDE LUEBBEHUESEN comprehensively advises on insolvency law and also focuses on financial restructuring and distressed transactions. The team is led by Stefan Denkhaus (insolvency administration, restructuring) and Dominik Demisch (corporate law, restructuring and reorganisation) and is experienced in the hospital sector; although companies from the retail, food, industrial and aviation industries are also among the client roster. Michael Busch, who made partner in January 2023, focuses on restructuring and reorganisation as well as corporate reorganisations.

Praxisleiter:

Stefan Denkhaus; Dominik Demisch


Weitere Kernanwälte:

Michael Busch


Referenzen

‘Very strong expertise, good support for the next generation, clearly good and loyal atmosphere.’

‘All of them are highly qualified in legal terms, have many years of very practical experience in the area of ​​restructuring/insolvency, can handle both administration and client business, very high accessibility, strong service orientation, pragmatic solutions.’

Kernmandanten

Staples Office Center GmbH


Abellio Gruppe


Diako Krankenhaus


FAM GmbH


KüchenQuelle GmbH


MV Werften Gruppe


Highlight-Mandate


  • Management of the M&A processes for the group’s five insolvent companies as part of the self-administration process, three insolvency plans to date (Abellio Baden|Württemberg, PTS, WestfalenBahn) and one asset deal transaction (NRW), insolvency employment law.

  • Insolvency law advice to FAM GmbH on distressed M&A (national and international coordination), insolvency tax law, liquidity planning and insolvency employment law.

  • Management of the M&A process of the MV Werften Group for all four shipyard locations in Bremerhaven, Wismar, Stralsund and Rostock, including advice on insolvency tax law and insolvency employment law.

DLA Piper

DLA Piper boasts experience in the operational and financial restructuring of companies in the automotive, retail, real estate, finance and hospitality sectors and also advises various investors and creditors on pre-insolvency and in-court restructurings. The team is also experienced in distressed transactions, where Dietmar Schulz is a key contact; Schulz has additional expertise in non-performing loans, loan refinancing, bank resolution and reorganisation. He acts as co-chair of the global restructuring group and is supported by Florian Bruder, who frequently advises on cross-border restructuring matters. Mike Danielewsky and Christian Lonquich joined Bryan Cave Leighton Paisner in the summer of 2022.

Praxisleiter:

Dietmar Schulz; Florian Bruder


Referenzen

‘Dietmar Schulz is the outstanding restructuring lawyer in the DACH region. He offers an excellent partner-led service, combines technical knowledge with commercial competence and ensures that his advice fully meets the client’s needs.’

‘The restructuring team is a hidden champion. In insolvency law, they can easily keep up with teams twice their size.’

‘High technical expertise, accuracy, but also the flexibility to think outside-of-the-box.’

Kernmandanten

VARTA AG


Francotyp-Postalia Holding AG


Swiss Merchant Group


Hotel Königshof München GmbH & Co KG


Einride AB


Alchemy Copyrights LLC (Concord)


InterContinental Hotels Management GmbH


Phoenixus AG


Highlight-Mandate


  • Comprehensive advice to VARTA AG on financial and operational restructuring. In a first step, a capital increase was carried out by issuing €2.22 million new shares from authorized capital, which were subscribed to by the majority shareholder and generated gross proceeds of around €51 million.

  • Advising the IHG Group in connection with the insolvency plan proceedings of the Success Hotel Group and structuring the continuation of the hotels.

  • Advising Phoenixus AG in Zug (CH) on liability issues for shareholders and managing directors in connection with the preparation of five Chapter 11 proceedings for the holding company (AG) and the US subsidiaries at the US Bankruptcy Court in Delaware.

Grub Brugger

Grub Brugger advises companies, banks and financial investors on corporate, insolvency and employment law issues in the course of restructurings and reorganisations. The team acts on behalf of debtors as well as shareholders and institutional creditors and is jointly led by Volker Muschalle, Michael Vilgertshofer and Hans Schenk. Richard Scholz is experienced in the restructuring of retail and real estate portfolios as well as real estate transactions and joined the team in January 2023 from Wellensiek Rechtsanwälte - Partnerschaftsgesellschaft, while Lukas Herbert (advice to governing bodies, distressed M&A, self-administration, insolvency plan proceedings) joined the practice in September 2023; he was previously at K&L Gates.

Praxisleiter:

Volker Muschalle; Michael Vilgertshofer; Hans Schenk


Weitere Kernanwälte:

Richard Scholz; Lukas Herbert


Kernmandanten

Rudolf Dankwardt GmbH


GSK Stockmann

GSK Stockmann frequently advises across the real estate and care sectors, where the practice assists companies and creditors with financial and operational restructuring. Most recent instructions pertain to post-M&A restructurings and the team is also experienced in distressed transactions and the sustainable reorganisation of family businesses. Andreas Dimmling is a key contact for fund restructuring and distressed M&A and jointly heads the practice with insolvency lawyer Raoul Kreide.

Praxisleiter:

Andreas Dimmling; Raoul Kreide


Referenzen

‘Result orientation, case-related, practical relevance.’

‘Andreas Dimmling: Creative, fast, targeted and understands the client’s economic needs perfectly and extremely quickly, implementing them as best as is legally possible in the shortest possible time.’

‘Andreas Dimmling: Legally and personally convincing – especially at the interface with real estate law’

‘The GSK Stockmann team is characterized by excellent networking between departments. The combination of insolvency law strategy advice with deep market knowledge in the healthcare and especially nursing home real estate sector is outstanding. This allows the team to find solutions that perfectly fit our requirements.’

‘Raoul Kreide has excellent specialist know-how in real estate insolvency law.’

Kernmandanten

Art Invest


Asathor GmbH, Icaro Holding GmbH


AXA Investment Managers Deutschland GmbH


Deutschland.Immobilien AG


Greenmarck Management GmbH


Hausmanninger Kletter


OSTHAVEN GmbH


Circtec


Patrizia Deutschland GmbH


Swiss Life


THD Treuhanddepot GmbH


Versicherungskammer Bayern / DC Values


Highlight-Mandate


  • Comprehensive advice to the liquidator of the former Sberbank Europa AG, Hausmanninger Kletter, regarding the ordered winding up of two subsidiaries by the European SRM regulation.

  • Comprehensive advice in Germany and Luxembourg to Greenmarck Management GmbH on several international transactions to take over German, Luxembourgish and international investment companies in order to restructure or liquidate them.

  • Comprehensive advice to the MLP subsidiary Deutschland.Immobilien AG with over 50 project companies on restructuring issues following the takeover of the group by the long-standing GSK client MLP.

Luther Rechtsanwaltsgesellschaft mbH

Luther Rechtsanwaltsgesellschaft mbH is equally experienced in representing companies in crisis as well as investors and creditors. The practice is well versed in all aspects of restructuring and assists with self-administration and protective shield proceedings. The latter is a focus of Gunnar Müller-Henneberg, who is experienced in restructuring and insolvency law and took over the management of the practice in January 2023. Marcus Backes is well versed in restructuring matters, distressed M&A and insolvency law matters, while Reinhard Willemsen regularly supports German companies and their subsidiaries in self-administration.

Praxisleiter:

Gunnar Müller-Henneberg


Weitere Kernanwälte:

Boris Ober; Reinhard Willemsen; Marcus Backes


Referenzen

‘Young, committed team. Uncomplicated and pragmatic collaboration. Comprehensive industry knowledge. The staff is very responsive and they are always ready to help find solutions to big questions but also to ad hoc problems. They offer a comprehensive range of advice as part of the restructuring.’

‘Gunnar Müller-Henneberg: Many years of experience in the area of ​​restructuring and insolvency-related advice. He is outstanding in crisis prevention and can present basic problems and complex solutions in an easy-to-understand manner.’

‘Knowledge of the matter, good management of mandates.’

‘Reinhard Willemsen: Professionally competent, with open communication, determined.’

Kernmandanten

Bundesministerium der Verteidigung


IHK Industrie- und Handelskammer für München und Oberbayern


MIBRAG Mitteldeutsche Braunkohlegesellschaft


Landesnahverkehrsgesellschaft Niedersachsen mbH (LNVG)


Autoneum Management AG


MATTHEWS INTERNATIONAL CORPORATION


Kohl Automotive


CARBORUNDUM UNIVERSAL LIMITED


Siem Europe S.à.r.l.


Highlight-Mandate


  • Advising Autoneum Management AG on the acquisition of Borgers SE & Co. KGaA from insolvency and advising in connection with the transferring restructuring of the business operations.

  • Advising the Federal Ministry of Defense in connection with the transferring restructuring of the business operations of MV Werften Rostock-Warnemünde.

  • Representation of the Landesnahverkehrsgesellschaft Niedersachsen in the creditors’ committee in the self-administration proceedings of the Abellio Group.

Milbank

Milbank's restructuring team frequently assists with cross-border matters and cooperates closely with the firm's credit and capital markets practices. The team comprehensively advises clients on the creditor side, including banks, debt funds and mezzanine lenders, as well as shareholders, sponsors and borrowers on financial restructuring both in and out-of-court. Other core topics include debt equity swaps, distressed financing and M&A, liability management and all aspects of insolvency law. Mathias Eisen (financial restructuring, advice to creditors) and Barbara Mayer-Trautmann (restructuring, leveraged finance) jointly head the prcatice.

Praxisleiter:

Mathias Eisen; Barbara Mayer-Trautmann


Weitere Kernanwälte:

Robert Kastl


Referenzen

‘The Milbank team is characterized by the fact that they keep an eye on all issues and are able to take them into account holistically and advise accordingly. The technical know-how and timely delivery are outstanding. Also extremely strong in implementation.’

‘Mathias Eisen is very reliable and economically minded.’

‘Mathias Eisen gave us very good advice in terms of quality. He has a high level of flexibility and excellent problem-solving skills. His eye for the whole thing is also remarkable and draws very good cross-connections. He has shown an extremely high level of commitment and commitment.’

‘Good and very extensive team. Very good support in all phases of the process.’

‘Mathias Eisen and Special Counsel Robert Kastl combine extensive experience with deep specialist knowledge and a strong economic perspective.’

Kernmandanten

Apollo


Capital 4


Carlyle


JP Morgan


Pemberton


PIMCO


Signal Capital Partners


UniCredit Bank AG


DZ Bank


Whitefort


Indaba


CQS


Diameter


Rothschild


Fidelity/FMR


Highlight-Mandate


  • Advising the lenders of the Schur Flexibles Group on the lender-led financial restructuring of the Schur Flexibles Group.

  • Advising the ad hoc committee of creditors of €200 million convertible bonds and €300 million unsecured corporate bonds on the financial restructuring of Corestate Capital Holding SA, which included a debt equity swap, the collateralization and maturity extension of the existing bonds and the issuance of new super senior notes.

  • Advising the steering committee of the majority of Adler Group SA’s bondholders on the comprehensive restructuring of all of Adler Group SA’s bonds through a restructuring plan.

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP's German team is led by the restructuring expert Gerhard Schmidt and Britta Grauke (restructuring and insolvency contestation) and focuses on the automotive, real estate and infrastructure sectors. The practice advises debtors as well as creditors, shareholders and investors on bond restructuring, reorganisation, liability and rescission proceedings; non-performing loans are also covered.

Praxisleiter:

Gerhard Schmidt; Britta Grauke


Kernmandanten

Corestate Capital Holding S.A.


Corsair


Odeon Cinemas Group Limited


Highlight-Mandate


  • Advising Corestate Capital Holding SA on the successful implementation of a comprehensive restructuring concept.

  • Advising a US automotive supplier in the context of the restructuring of its German business operations.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP‘s German restructuring practice follows a cross-locational and cross-practice approach and comprehesively advises companies, equity and debt investors as well as creditors on financial and corporate restructuring as well as distressed M&A, particularly in the real estate sector. The team regularly acts in cross-border matters and is led by Wolfram Prusko, who is frequently instructed by specialist funds in connection with distressed matters, as well as private equity funds.

Praxisleiter:

Wolfram Prusko


Referenzen

‘Wolfram Prusko has very deep, complex, international restructuring expertise.’

‘Excellent team, both personally and professionally.’

‘Wolfram Prusko: Great both professionally and personally!’

Kernmandanten

Monarch Alternative Capital


Puma


Blantyre


Ardian


Verition Fund Management


3i


Highlight-Mandate


  • Advising Ardian as shareholder on the restructuring of the Löwen Play Group.

  • Advising PUMA on the insolvency proceedings of major customers.

  • Advising a group of asset managers on the insolvency proceedings of the Deutsche Lichtmiete Group.

Baker McKenzie

Baker McKenzie most recently assisted with restructuring in the context of cross-border distressed M&A, reorganisations and cross-border corporate structurings on the debtor side, although the team primarily advises creditors, including numerous German banks. Practice head Joachim Ponseck focuses on insolvency proceedings and is supported by counsel Artur M. Swierczok, who comprehensively advises shareholders, creditors and companies on restructuring and insolvency matters.

Praxisleiter:

Joachim Ponseck


Weitere Kernanwälte:

Artur M. Swierczok


Referenzen

‘The team works very quickly and results-oriented. Experienced, well connected, cost-conscious.’

‘Artur M. Swierczok gives clear, short and understandable recommendations even for laypeople. Fast, practical and very pleasant to deal with.’

‘Distinctive restructuring expertise, seamless interface to the area of ​​financing and financing contracts, excellent moderation and coordination of the various interest groups in the restructuring.’

Kernmandanten

LBBW


MicroVision Inc.


Pacoma Holding |S.à r.l.


Commerzbank


Bright Capital


Paypal


Yorkville LL.C.


Highlight-Mandate


  • Advising MicroVision on the takeover (asset deal) of the Hamburg-based Ibeo Automotive Systems business out of insolvency.

  • Advising a consortium of lenders led by Commerzbank AG on the adjustment of the group financing of Woco Franz Josef Wolf Holding GmbH.

  • Advising Pacoma Holding S.à rl on the sale of the Pacoma Group to the US group Legget & Platt (L&P).

GvW Graf von Westphalen

GvW Graf von Westphalen advises companies on reorganisations and restructurings and most recently supported investors in ​​distressed transactions. Led by Wolfram Desch, the practice also comprehensively covers insolvency law matters, where Desch focuses on insolvency-related disputes. The team has industry expertise in the real estate sector.

Praxisleiter:

Wolfram Desch


Weitere Kernanwälte:

Carsten Liersch; Uli Hochdorfer; Arne Schmidt


Referenzen

‘The team works across the board in both the areas of restructuring/insolvency and board liability/D&O. It is worth mentioning that they prepare the facts very thoroughly and are also able to clarify business questions and evaluate large amounts of data.’

‘Wolfram Desch and Uli Hochdorfer: Very analytical and precise lawyers who handle the largest and most complex cases for us. They are extremely committed, proactive and economically minded. Their quality sets them apart from the competition.’

Kernmandanten

Art-Invest Real Estate Management GmbH & Co. KG


BayWa r.e. Operation Services GmbH


ING-Diba AG


Invesco Real Estate


JKL Kunststofflackierung GmbH


Nahverkehrsservice Sachsen-Anhalt GmbH|Regionalverband Großraum Braunschweig|Zweckverband für den Nahverkehrsraum Leipzig|Thüringer Landesamt für Bau und Verkehr


Paulaner Brauerei Gruppe


Stadtsparkasse München


Verbraucherzentrale Bundesverband e.V


Jones Day

Jones Day frequently advises on cross-border restructurings, here, the practice recently acted across the automotive and hotel industries. The team's expertise corresponds with the experience of practice head Olaf Benning, who advises on out-of-court structuring as well as insolvency proceedings and distressed M&A matters. This is complemented by Sandra Christiane Kamper's expertise in the restructuring of non-performing loans and government debt.

Praxisleiter:

Olaf Benning


Weitere Kernanwälte:

Sandra Christiane Kamper


Kernmandanten

Bayerische Landesbank


Rejuvenate GmbH


Highlight-Mandate


  • Advising Real IS AG, the subsidiary of BayernLB, on the acquisition of the Kisselberg Innovation Park in Mainz.

  • Advice throughout the entire bidding process for the acquisition of the business operations of the insolvent CO.DON AG up to the successful offer by Rejuvenate GmbH to several other bidders.

  • Advising the Swedish subsidiary of an international automotive supplier regarding the supply of parts by an insolvent GmbH based in Germany in projects with various OEMs and negotiating the continuation agreement with the insolvency administrator of the GmbH.

Mayer Brown LLP

Mayer Brown LLP is experienced in the restructuring of loans, real estate and companies, including German medium-sized companies, and recently advised on numerous cross-border distressed transactions; the team also has expertise in trusteeships. Insolvency law matters are another mainstay of the team, which is led by Marco Wilhelm. Wilhelm advises both debtors and creditors on financial and earnings-related restructuring. Tina Hoffmann and Stefanie Skoruppa were appointed to counsel in January 2023 and, like associate Inga Rupp, focus on transactions as well as restructuring and insolvency law issues.

Praxisleiter:

Marco Wilhelm


Weitere Kernanwälte:

Tina Hoffmann; Stefanie Skoruppa; Inga Rupp


Referenzen

‘Marco Wilhelm has very good negotiating skills and excellent legal expertise. His calm and confident manner is a great advantage even in difficult situations.’

Kernmandanten

HOERBIGER Holding AG


Lear Corporation


Powerfleet Inc.


Highlight-Mandate


  • Advice on the acquisition of JOHNSON MATTHEY Piezo Products GmbH, a global leader in the field of piezo technology, in Redwitz an der Rodach, Germany.

  • Advising Lear Corporation on the acquisition of IG Bauerhin (IGB), a global leader in seat air conditioning based in Grünau-Rothenbergen, Germany.

  • Advising Powerfleet Inc. on the acquisition of Movingdots GmbH, a developer of insurance telematics and sustainable mobility solutions and a subsidiary of one of the world’s leading reinsurers of Swiss Re.

Möhrle Happ Luther

Möhrle Happ Luther is based in northern Germany and supports national and international corporations, public and medium-sized companies, foundations and insolvency administrators in reorganisation, financial restructuring, distressed M&A and insolvency law matters, including liability matters. Helge Hirschberger (restructuring of financing and securities) and Sebastian Siepmann (refinancing and financial restructuring) are the key figures.

Weitere Kernanwälte:

Helge Hirschberger; Sebastian Siepmann


Referenzen

‘The law firm supported and advised us in a very tense situation. Despite the time-critical and sensitive situation, the team delivered 1000% performance at all times of day and night.’

‘The professional competence and precision in the advice helped our company a lot. The team’s social skills were particularly helpful during this time.’

‘Especially in critical situations, it is important to be able to rely on your partners professionally and personally. The MHL team has done a great job.’

Kernmandanten

tricontes360 Gruppe


Clean Logistics Gruppe


Highlight-Mandate


  • Advice on insolvency law to the Tricontes360 Group and application for a group of companies with 14 call centers throughout Germany with group jurisdiction in Hamburg.

  • Restructuring advice and filing for insolvency for the listed Clean Logistics SE with four subsidiaries.

Bryan Cave Leighton Paisner

Bryan Cave Leighton Paisner frequently cooperates with the firm’s international locations and supports companies, their governing bodies and creditors in reorganisation and restructuring matters pertaining to insolvency proceedings. Till Buschmann is particularly experienced in corporate restructuring in connection with protective shield proceedings in self-administration, while Mike Danielewsky regularly advises on reorganisation and restructuring in the real estate sector.

Weitere Kernanwälte:

Till Buschmann; Mike Danielewsky


Kernmandanten

Landesbank Hessen-Thüringen Girozentrale


La Nuova Casa GmbH & Co. KG


Geisel Privathotels


Deloitte Legal Rechtsanwaltsgesellschaft mbH

Deloitte Legal Rechtsanwaltsgesellschaft mbH‘s restructuring practice is led by Frank Tschentscher, who supports financial creditors, banks and debtors in restructuring matters. The team is experienced in financial and operational restructuring, distressed M&A, self-administration and insolvency-related disputes; This corresponds with Torsten Cülter‘s expertise, whose restructuring and restructuring know-how also extends to the healthcare sector.

Praxisleiter:

Frank Tschentscher


Weitere Kernanwälte:

Torsten Cülter


Referenzen

‘Frank Tschentscher is outstanding.’

‘Frank Tschentscher impresses with his expertise and calm, authoritative manner, which helps him to overcome even controversial situations amicably. In cross-border renovations he demonstrates his full strength as an exiled Briton by choice.’

‘Good coordination in the team; every team member is available to speak as a contact at any time.’

Kernmandanten

Experience Brands S.á.r.l.


Toshiba Railway Europe GmbH


Acta Management AG


Deutsche Vorsorgetreuhand e.V.


FIL-Gruppe


Europa Center AG


Nordeon Real Estate GmbH


Highlight-Mandate


  • Advice on insolvency law and preparation of restructuring concepts for group companies Experience Brands S.á.rl

  • Advising Toshiba Railway Europe GmbH in connection with the insolvency proceedings of TransTec F&E Vetschau GmbH Fabrication & Engineering.

  • Advice and representation of Acta Management AG in self-administration proceedings over the assets of Lätzsch GmbH Kunststoffproduktion and the intended takeover of all company shares in the insolvency debtor through an insolvency plan.

Flöther & Wissing

Flöther & Wissing focuses on insolvency law and is experienced in the restructuring context, where the practice supports reorganisations and restructuring proceedings in the aviation, energy and consumer goods sectors, both in pre-insolvency and post-insolveny matters. Lucas Flöther covers restructuring matters and primarily acts as an insolvency administrator and consultant, while associate Anna Katharina Wilke regularly advises on the restructuring of large companies.

Praxisleiter:

Lucas Flöther


Weitere Kernanwälte:

Anna Katharina Wilke


Referenzen

‘Very pragmatic and solution-oriented.’

‘Exceptionally high level of human and technical expertise.’

‘Lucas Flöther is a clever advisor, strategically thinking, balanced, technically excellent.’

Kernmandanten

EAB Energieanlagen-Betriebsgesellschaft mbH


Bodeta Süsswaren GmbH


CargoLogic Germany


Abellio Deutschland


FAM GmbH


SCHIESS GmbH


Condor Flugdienst GmbH


Air Berlin Group


NIKI Luftfahrt GmbH


UNISTER Group


Highlight-Mandate


  • Advice on insolvency, restructuring (in particular maintaining day-to-day business) and sale to Condor Flugdienst GmbH.

  • Advising EAB Energieanlagen-Betriebsgesellschaft mbH on insolvency, particularly with regard to the sale and maintenance of the heat supply for the population.

Loschelder

Loschelder‘s insolvency and restructuring practice is regularly instructed by national and international companies, investors, creditors, management consultancies and shareholders and primarily assists medium-sized companies; recent instructions pertain to the real estate and manufacturing sectors. The team is experienced in restructuring and reorganisation measures and also covers distressed transactions and insolvency law matters. The expertise of practice head Nils Derksen correspond with these competencies, he places an additional focus on M&A-related reorganisation matters.

Praxisleiter:

Nils Derksen


Referenzen

‘The team is small but of high quality. Due to the cost structure at Loschelder, a cheaper tariff is offered, but at the same time it is in no way inferior to the quality of advice offered by larger units.’

‘Nils Derksen is a committed advisor with extremely high quality.’

Highlight-Mandate


  • Advice on insolvency and restructuring law to the Chief Restructuring Officer of various companies in a medium-sized family business regarding liability risks, scenario review, termination agreement with key contractual partner Nordex, etc. The advice also includes the insolvency-proof structuring of an intra-group carve-out and the refinancing of a syndicated loan in the amount of approximately €70 million .

  • Advising and examining a trustee regarding any insolvency avoidance claims as well as corporate law claims in connection with restructurings that the insolvent debtor carried out before the insolvency with a total volume of around €100 million.

  • Distressed M&A advice to an insolvency administrator regarding completed transactions, realization of collateral and settlement of domestic and foreign investments (most recently liquidation of various US subsidiaries). In connection with the insolvency administrator’s liability claims against the former board members (around €700 million), the advice also includes the provision of various data sets.

Simmons & Simmons

Simmons & Simmons acts integrated into the firm’s financial market and derivatives practice and comprehensively advises on pre-insolvency and hybrid restructuring proceedings, debt restructuring, the restructuring and refinancing of financing structures as well as distressed M&A. Recent instructions pertaining to the latter had frequent ties to the start-up, TMT as well as real estate sectors. The team advises various stakeholders and is led by Christopher Kranz, who regularly handles matters in the retail, automotive, energy, real estate, aviation and shipping sectors.

Praxisleiter:

Christopher Kranz


Referenzen

‘Very good lawyers, legally strong and very pleasant on a personal level.’

‘Christopher Kranz always has the best interests of his clients in mind, even in difficult situations – even if they may assess it differently in the specific situation. He is committed and solution-oriented even in tense situations – a real reorganiser!’

‘Very competent and approchable team.’

Kernmandanten

Noventiq Holdings plc


Versicherungskammer Bayern / Tecta Invest


DRC Savills


Lansdowne European Partners


Cohen & Company Financial Management LLC


Freepoint Eco-Systems LLC


Highlight-Mandate


  • Advising DRC Savills on the restructuring of a real estate investment resulting from the insolvency of the Fakt Group in Germany, including standstill/waiver documentation and ongoing workout advice.

  • Advising Lansdowne Partners Europe on the extremely complex restructuring of MagForce AG, including purchase out of bankruptcy, debt equity swap and reverse takeover, in which the US subsidiary acquired the material assets of the German listed parent company.

  • Advising Tecta Invest as an investment manager for insurance companies within the Bavarian Insurance Chamber in connection with the restructuring of a real estate ownership and development company.