Thilo Diehl

Partner, Frankfurt

Biography

“Thilo is an excellent lawyer providing invaluable advice by always considering the bigger picture.”
Legal 500 Germany 2021

Overview

Thilo is a partner in our global Capital Markets Practice and focuses on equity and debt capital markets transactions as well as public M&A.

Thilo regularly advises issuers, financial investors and underwriters on a wide range of public and private offerings of equity and debt securities, including initial public offerings (IPOs), rights offerings, accelerated primary offerings, secondary offerings, equity-linked and corporate bond offerings as well as high yield bonds. In addition, he focuses on public M&A transactions and regularly advises listed companies on capital markets compliance matters.

Prior to joining the firm, Thilo practiced at another major international law firm, both in its Frankfurt and London offices.

Bars and Courts
Rechtsanwalt
Education
LLM
Columbia Law School
Second State Exam
Higher Regional Court of Frankfurt
First State Exam
University of Münster
Languages
German
English

Experience

J.P. Morgan
Advised J.P. Morgan and JPMorgan Chase Bank on the financing of the €1.4 billion voluntary public takeover offer by Hercules BidCo for the shares in Deutsche EuroShop AG.

Delivery Hero
Advised Delivery Hero, one of the world’s largest local delivery platforms, on a Term Loan B financing comprising of a US$825 million term facility and a €300 million term facility and a new €375 million revolving credit facility.

JOST Werke
Advised JOST Werke in connection with its conversion to a European stock corporation (Societas Europaea).

Deutsche Lufthansa
Advised Deutsche Lufthansa AG on the issuance of two tranches of notes with a principal amount of €1.5 billion. The first tranche has a principal amount of €600 million and the second tranche has a principal amount of €900 million. The notes are admitted to trading on the regulated market of the Luxembourg Stock Exchange.

Deutsche Lufthansa
Advised Deutsche Lufthansa on its €2.1 billion rights issue. The net proceeds were primarily used to repay the silent participation I of the Economic Stabilization Fund of the Federal Republic of Germany in the amount of €1.5 billion.

wefox
Advised wefox, a leading pan-European digital insurance business and insurance distribution platform, on its US$650 million Series C financing. With a post-money valuation of US$3 billion, wefox is one of the highest valued InsurTechs. The Series C financing was led by Target Global.

Deutsche Lufthansa
Advised Deutsche Lufthansa AG on the issuance of two tranches of notes with a principal amount of €1.0 billion, each with a principal amount of €500 million The notes are admitted to trading on the regulated market of the Luxembourg Stock Exchange.

Friedrich Vorwerk
Advised the underwriters on the €414 million IPO of Friedrich Vorwerk and listing on the Frankfurt Stock Exchange (Prime Standard).

Qatalyst Partners
Advising Qatalyst Partners on the €4.9 billion public takeover offer by Renesas Electronics Corporation of Japan for Dialog Semiconductor Plc.

Drägerwerk
Advised Drägerwerk on its €80 million capital increase.

Goldman Sachs
Advised Goldman Sachs as selling shareholder on the US$200 million IPO of Jumia Technologies on Nasdaq.

Symrise
Advised the underwriters, including BNP Paribas and UniCredit, on the €400 million capital increase of Symrise.

Summit Germany
Advised Morgan Stanley and Deutsche Bank as initial purchasers on the €300 million 2.0% bond due 2025 of Summit Germany.

Cinven/JOST Werke
Advised Cinven and JOST Werke on JOST Werke's €230 million IPO and listing on the Frankfurt Stock Exchange (Prime Standard).*

Delivery Hero
Advised the underwriters, including global coordinators Citigroup, Goldman Sachs and Morgan Stanley, on Delivery Hero’s €1 billion IPO and listing on the Frankfurt Stock Exchange (Prime Standard).*

SGL Carbon
Advised the underwriters, including global coordinators Credit Suisse and Commerzbank, on the €180 million rights issue of SGL Carbon.*

Vonovia
Advised Vonovia on its €2.9 billion public takeover of conwert and its attempted €9 billion public takeover of Deutsche Wohnen.*

Midea/Kuka
Advised Midea on its €4.5 billion public takeover of Kuka.*

CVC/Douglas
Advised CVC on the€1.1 billion dual-tranche bond offering to finance the acquisition of Douglas.*

windeln.de
Advised windeln.de on its €205 million IPO and listing on the Frankfurt Stock Exchange (Prime Standard).*

SGL Carbon
Advised the underwriters, including global coordinators Commerzbank and HSBC, on the €267 million rights issue of SGL Carbon.*

Deutsche Annington/Gagfah
Advised Gagfah on its €8.6 billion business combination with Deutsche Annington.*

Techem
Advised Techem on its €1.3 billion dual-tranche bond.*

* Matters prior to joining White & Case.

Awards and Recognition

Best Lawyer Germany in Capital Markets Law, Mergers and Acquisitions Law, Handelsblatt 2021-2023

Frequently recommended lawyer, JUVE 2021/2022
IPOs and Capital Increase – Germany

Recommended lawyer, Legal 500 2022
Capital Markets: ECM - Germany