Dr. Thomas Flatten | White & Case LLP International Law Firm, Global Law Practice
Thomas Flatten
Thomas Flatten

Dr. Thomas Flatten

Partner, Frankfurt

“Clients note his efficiency and excellent understanding of complex structures.”

Chambers Europe 2014

Overview

Thomas Flatten provides domestic and international banks and financial institutions with comprehensive advice on national and international bank finance law. He has extensive experience of helping clients with real estate, acquisition and project finance transactions, as well as complex issues relating to restructurings.

Adept at designing innovative solutions to secure the most favourable outcome for his clients, he recently arranged the financing for a real estate portfolio for Deutsche Bank AG, which required a novel hybrid of structured real estate financing, and a capital markets transaction.

He also has a significant track record supporting clients with legal issues concerning 'Pfandbriefe', and has extensive experience in aircraft financing.

Thomas is a board member of Pro Bono Deutschland e.V., an association for the promotion of pro bono legal advice for non-profit and non-governmental organisations and projects in Germany.

Bars and Courts

  • Rechtsanwalt

Education

  • Second State Exam, Düsseldorf
  • Dr jur, Ruprecht-Karls-University of Heidelberg
  • First State Exam, Ruprecht-Karls-University of Heidelberg
  • Banking Diploma

Languages

  • German
  • English
  • French
  • Spanish

Experience

PATRIZIA Alternative Investments GmbH (PAI), 2016

Representation of PATRIZIA Alternative Investments GmbH (PAI) in connection with two portfolio transactions acquiring retail assets for a special regulated funds. The total deal volume comprises approximately EUR 500 million at total. Our advice combined all aspects of the transactions, including real estate, M&A, corporate, tax structure and regulatory aspects, antitrust and bank finance.

First Project Bond Financing with EIB Credit Enhancements in Germany for Major A7 PPP Project, 2014

Advising the joint lead arrangers, lenders and institutional investors, on the first project bond with European Investment Bank (EIB) credit enhancement in Germany, for the financing of the extension and operation of the A7 federal highway between Hamburg and Bordesholm. The project, which is the largest PPP project to have been launched in Germany, with construction costs of around €600 million, was awarded by the federal state to the consortium of Hochtief, institutional investor Dutch Infrastructure Fund (DIF) and construction company Kemna. This is the first PPP project in the German market to be financed by project bonds with EIB project bond credit enhancements and Bank Bridge financing. It is also the first combined bank bond financing in Europe using the EIB project bond credit enhancement.

Allianz Renewable Energy Fund, 2014

Advising Allianz Renewable Energy Fund (AREF) on its acquisition of an onshore wind farm portfolio from DIF Renewable Energy Fund. The nine onshore wind farms have a total capacity of approximately 57 megawatts and are located in Saxony-Anhalt, Saxony, Hesse, Brandenburg and Mecklenburg-Western Pomerania. The completion of the transaction is subject to customary closing conditions and antitrust clearance.

Deutsche Hypothekenbank, 2014

Advising Deutsche Hypothekenbank in connection with the refinancing of a commercial building known as Kaufmannshaus, located in Hamburg. This was a club deal with Deutsche Hypothekenbank and HSH Nordbank, which each provided half of the € three-digit million loan to RFR group, owner of the property in the centre of Hamburg.

Deutsche Bank, 2013

Advising Deutsche Bank AG as arranger, in the financing for a real estate portfolio consisting of approximately 4,300 residential units located in Duisburg und Düsseldorf. The properties have been purchased by Adler Real Estate AG from Immeo Wohnen and were originally part of the ThyssenKrupp real estate portfolio. Adler Real Estate AG's total investment is approximately €210 million. The financing involved a senior Schuldschein loan, secured by a land charge over the portfolio, and a junior Schuldschein loan, both of which were successfully placed on the capital market. This financing instrument is a hybrid between a structured real estate financing and a capital markets transaction, and is therefore a novelty in the real estate industry.

Deutsche Bank, placement of a debut promissory note by the Republic of Bulgaria, 2013

Advised Deutsche Bank AG as arranger in the placement of a debut promisory note by the Republic of Bulgaria. The transaction has a total value of €360 million and is divided into several fixed-rate tranches with maturities of 7, 10 and 15 years. The issue generated considerable interest from international investors, and helped the Republic of Bulgaria to finance its budget deficit.

Awards & Recognition

Highly Recommended Lawyer: Finance, Best Lawyers/ Handelsblatt 2015

Leading Lawyer: Real Estate Finance – Germany, Chambers Europe 2014