Germany | White & Case LLP International Law Firm, Global Law Practice
Germany
Germany

Germany

About

Germany is an innovation-driven business and investment market. In this challenging and dynamic environment, our Firm is represented by lawyers, tax consultants and notaries at our offices in Berlin, Düsseldorf, Frankfurt and Hamburg.

As one of the world's leading corporate law firms, we are at home in both national and international commercial law. We understand what moves industry and decision makers, thus anticipating the complex challenges that leading businesses and financial institutions face every day. As consultants, we create efficient and innovative solutions – together with our clients.

The work with our clients is a collaboration based on partnership and mutual trust. Building lasting relationships is an essential aspect of how we do business. We have a 150-year history of legal advice in Germany – and we are proud of the fact that we have been successfully working together with many clients for decades.

For us, competent consulting is about more than just outstanding professional insight – the successful work we do for our clients is based on common goals, constructive dialogues and a high level of personal commitment.

We are able to solve sophisticated challenges anywhere our clients do business. Our global network and our expert knowledge of local markets make this possible.

 

AWARDS & RECOGNITION

Chambers Europe 2018 (Germany)
Band 1 for Restructuring and Insolvency: Administration
Band 2 for Capital Markets: Debt and Equity, Compliance, Dispute Resolution: White-Collar Crime – Corporate Advisory, Energy: Regulatory, Projects, Public Law, TMT: Information Technology
"The team has a very deep bench and consistently delivers high-quality legal advice."
"They can adapt to the style of each client so that they can follow their needs and deliver a service that really fits."
"Everything they produce for us is of value and the lawyers are assertive and communicative."
"The cross-border co-ordination is seamless. I always have the impression that they are not waiting for things to happen, but make proposals on how to deal with things in the most time-efficient way."
"They have a very impressive ability to marshal expertise from across the firm and bring it to bear on the discussions."

JUVE 2018/2019
Tier 1 in Energy: Regulatory, Information Technology: Transactions/Outsourcing as well as Insolvency Administration/Trusteeship

The Legal 500 EMEA 2018 (Germany)
Tier 1 in Capital Markets: High Yield, Compliance, Information Technology: Outsourcing and Data Protection, Public Sector: PPP, Energy, Restructuring & Insolvency: Insolvency,
Tier 2 in Banking & Finance: Financial Services – Regulatory and Project Finance, Capital Markets: Dept and Structured Finance & Securitisation, Compliance: Internal Investigations, Corporate, M&A (mid-sized international deals – under €500 million), Dispute Resolution: Commercial Litigation, Restructuring & Insolvency: Restructuring
"White & Case LLP 'brings high industry knowledge and expertise to the table and comes up with acceptable solutions for all parties' and noted for its 'deep understanding of economic contexts'."
"White & Case LLP acts 'swiftly and gets to the heart of things' when 'looking for solutions that are not only well-founded legally, but also feasible from a business point of view'."
"White & Case LLP is noted for its 'broad and experienced team' and demonstrates 'an above-average commitment and flexibility' and 'above-average industry knowledge and business sense'."

Experience

United Arab Shipping Company
Representation of United Arab Shipping Company and its majority shareholders (Qatar Investment Authority and Public Investment Fund, the sovereign wealth fund of Saudi Arabia) in the US$11 billion business combination with Hapag-Lloyd AG, a German publicly listed container shipping company.

IK Investment Partners
Representation of private equity firm IK Investment Partners on the acquisition of the Hamburg-based ZytoService Group, a leading compounder of pharmaceuticals for patient-individualised infusions, from the founders and Capiton. The Co-Founders and Co-CEOs of ZytoService will remain with the business in managerial roles, and will be shareholders alongside IK.

Aixtron
Representation of TecDAX and NASDAQ listed Aixtron SE on the intended approx. €670 million takeover by the Chinese financial investor Fujian Grand Chip Investment. Germany-headquartered Aixtron is a leading provider of deposition equipment for the semiconductor industry. The transaction had to be abandoned by prohibitive order of US President Obama regarding Aixtron's US business.

VERBUND
Advised Austria's leading electricity company, VERBUND AG, on the structuring, documentation and placement of a €100 million ‘Green Bond‘ via the fully integrated digital issue platform, vc trade. For the first time in the market, a digital platform accompanies all transaction processes centrally.

Vier Gas
Advised Vier Gas Transport GmbH, the sole owner of Open Grid Europe GmbH, Germany's leading natural gas carrier, (i) on the establishment of a €5 billion debt issuance programme and (ii) on the issuance of a bond with a volume of €500 million thereunder.

Zur Rose
Advised Swiss Zur Rose Group AG, Europe's largest online pharmacy and one of the leading medical wholesalers in Switzerland, on its CHF200 million rights offering, which was completed in connection with the acquisition of the online pharmacy competitor medpex.

Nordex
Advised a bank syndicate led by BNP Paribas, HSBC, J. P. Morgan and UniCredit on the €275 million high yield bond issuance by Nordex, a wind turbine manufacturer. The high yield bond has a maturity of five years and a 6.5% coupon rate. The bond is certified as a ‘Green Bond’ by the Climate Bonds Initiative.

Norddeutsche Landesbank
Advised NORD/LB on a loan portfolio transaction in respect of a €10.1 billion reference portfolio (Northvest 2). Northvest 2 allows NORD/LB to reduce its risk-weighted assets and further strengthen its regulatory CET 1 ratio. The transaction is also the biggest securitisation of shipping credits placed on the market in the recent past with the reference portfolio including approximately €1 billion of shipping loans. Marine Money has named the Northvest 2 transaction its "Securitization Deal of the Year 2017".

ADLER
Advised J.P. Morgan, as mandated lead arranger and agent, on the financing of ADLER Real Estate AG's acquisition of up to 70 percent of Brack Capital Properties N.V., a public limited liability company incorporated in the Netherlands and listed on the Tel Aviv Stock Exchange with total assets amounting to around €1.6 billion.

Cheplapharm
Advised a bank syndicate on the initial €780 million refinancing of Cheplapharm Arzneimittel GmbH, a German family-owned pharmaceutical company, which sells branded products worldwide. The transaction is comprised of a term loan B cov-light facility of €530 million with a seven-year term, and a revolving loan of €250 million with a six-year term. Subsequently advised Deutsche Bank AG, London Branch, HSBC Bank plc and UniCredit Bank AG as joint mandated lead arrangers and bookrunners on the arrangement and syndication of a further €300 million increase (by incremental facility) to the existing term loan B facility.

Consortium consisting of STEAG GmbH and Beijing Capital Group
Representation of a consortium consisting of STEAG GmbH and Beijing Capital Group in connection with the contemplated acquisition of the EEW Energy from Waste GmbH (EEW) from EQT Partners. We advised the consortium regarding the bidding procedure, due diligence, SPA negotiations, financing and merger control procedure.

STEAG and Macquarie
Representation of a consortium consisting of STEAG and Macquarie in the bidding process to purchase the lignite and hydroenergy sectors of Vattenfall, including comprehensive mining law verification.

International syndicate / Tank & Rast
Representation of an international syndicate consisting of Allianz Capital Partners, Borealis Infrastructure Management Inc., Infinity Investments SA and MEAG, the asset management arm of Münchener Rück, on its acquisition of Autobahn Tank & Rast GmbH, the German autobahn services company.

Equens
Representation of Equens SE, one of the largest payment service providers in Europe, on a strategic business combination with the European market leader in payment and transactional services, Worldline SA. The business combination created an industrial Pan-European champion in payment services. In addition, Worldline SA acquired PaySquare, the commercial acquiring subsidiary of Equens.

A7
Representation of 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 €770 million project, which is the largest public-private partnership (PPP) project that has been launched in Germany, 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.

EVG
Representation of a bank consortium consisting of, inter alia CIBC, Crédit Agricole CIB, ING Bank, SEB AG and Scotia Bank as arrangers ON the financing of the acquisition of Erdgasversorgungsgesellschaft  Thüringen-Sachsen GmbH (ECG) and associated gas networks, sold from E.ON SE and Verbundnetz Gas Aktiengesellschaft (VNG) to the infrastructure fund EDIF of First State Investments, the asset manager of the Commonwealth Bank. We already advised the arrangers of the acquisition financing of Ferngas Nordbayern GmbH and its high-pressure natural gas pipeline networks through the EDIF.

Heidelberger Druckmaschinen
Advised Deutsche Bank Luxembourg, as agent, on the amendment and extension of the existing secured credit facility for Heidelberger Druckmaschinen AG, the Germany-based world market leader for offset printing presses and specialist in printing products and services.

Pfleiderer
Advised Goldman Sachs Bank USA as mandated lead arranger and bookrunner on the €545 million refinancing of Pfleiderer Group S.A. and PCF GmbH. The new financing consists of a 7-year covenant-lite institutional term loan B with a volume of €445 million as well as revolving credit facilities with maximum terms of 5 years and an aggregate volume of €100 million.

PATRIZIA Alternative Investments GmbH
Representation of PATRIZIA Alternative Investments GmbH (PATRIZIA) on the acquisition of three retail property portfolios for a German special regulated fund: (i) acquisition of 21 retail properties by way of a share deal from LaSalle German Retail Investments S.à r.l. from Luxemburg, (ii) acquisition of 18 retail properties from MSREF/REDOS and (iii) acquisition of 10 retail properties from Newport Holding GmbH. The total deal volume comprises approximately €750 million. The special regulated fund has been set-up by PATRIZIA as a platform for investments of savings banks, insurance companies and pension funds which are managed by PATRIZIA.

Deutsche EuroShop AG
Representation of Deutsche EuroShop AG on the acquisition of a 50% stake in the owner of the Saarpark-Center Neunkirchen shopping center from BAT Custodian e.V., the pension fund of British American Tobacco in Hamburg.

DMG MORI SEIKI AG (formerly Gildemeister AG)
Representation of the market-leading listed German tool manufacturer Gildemeister AG on its international cooperation with the listed Japanese tool manufacturer MORI SEIKI Ltd. Gildemeister AG and MORI SEIKI Ltd. have been cooperating in areas of production, procurement, distribution and research since 2011 and have over the years increased their cross-shareholdings. Among others, we have advised on several cross-participations and shareholdings in 2009, 2011, 2013 and 2014, each of them with a value of several hundred million Euros as well as the mutual name change to DMG MORI SEIKI AG and DMG MORI SEIKI Co. Ltd. Recently, we have been advising the client on a Cooperation Agreement with DMG MORI SEIKI CO. Ltd, and the friendly takeover announced on Jan 22, 2015.