Leading Associates

Firms To Watch: Lending and borrowing

Under the purview of practice head Carolin GlänzelGowling WLG continues to advise its clients from the banking, private equity and insurance sectors on corporate and real estate financing, acting on both the lender and borrower-side.

Lending and borrowing in Germany

A&O Shearman

A&O Shearman acts for both lenders and borrowers across the spectrum of financing structures, offering expertise in acquisition, project and general corporate finance in addition to overseeing refinancings and amendments to existing lines of credit. Heading the team is Walter Uebelhoer, a specialist in the structuring of syndicated acquisition finance facilities, who is also experienced in overseeing restructuring measures. Thomas Neubaum maintains a broad practice spanning acquisition, corporate and leveraged finance; he is also tasked with handling debt-based structures, assisting both banks and private equity houses undertaking leveraged deals.

Praxisleiter:

Walter Uebelhoer


Weitere Kernanwälte:

Thomas Neubaum


Referenzen

‚Availability and expertise.‘

‚The team stands out for its strong legal expertise, pragmatic advice, and clear client focus. Compared to other firms, it offers fast, tailored solutions and works seamlessly across disciplines. Innovations in legal tech, flexible billing, and a strong commitment to diversity further strengthen its profile. Clients value the team’s responsiveness, clarity, and hands-on approach.‘

Kernmandanten

BayWa r.e.


Bencis Capital Partners


Commerzbank AG


Flix SE


DKV Mobility Services Holding GmbH & Co. KG


Glasfaser NordWest GmbH & Co. KG


IHO Holding GmbH & Co. KG


ING Bank AG


KD Pharma Group


Koenig & Bauer AG


PAI Partners


Ringmetall SE


SAP SE


Schaeffler AG


SGL Carbon SE


Summitas Group


Highlight-Mandate


  • Advised BayWa r.e. on the stabilisation and restructuring of its financing agreements.
  • Advised PAI Partners on the financing of the acquisition of a majority stake in the budget hotel chain Motel One.
  • Advised Bank of America, Crédit Agricole Corporate & Investment Bank and Goldman Sachs as the joint global coordinators and joint physical bookrunners in connection to a financing transaction for Schön Klinik SE, with a total amount of €865m.

Clifford Chance

Banks, private equity sponsors and corporates rely on Clifford Chance for assistance in arranging novel acquisition and corporate facilities, in addition to assisting with amendments to existing lines of credit. The team works with its finance colleagues across the firm’s network to oversee the provision of cross-border facilities. The team is headed by Bettina Steinhauer, an acquisition finance expert who also assists her clients in the fields of infrastructure and real estate financing and oversees restructuring efforts. Simon Reitz is instructed by PE sponsors and debt funds requiring financing for public-to-private deals and other syndicated facilities, while Christoph Nensa is particularly well versed in structured finance, including high yield facilities.

Praxisleiter:

Bettina Steinhauer


Weitere Kernanwälte:

Simon Reitz; Christoph Nensa


Referenzen

‚Fantastic team that always delivers as required. Excellent skills and market knowledge across the board. They are always a delight to work with.‘

‚Simon Reitz approaches all deals with a calm and practical head, even in the most challenging of circumstances. His market knowledge and pragmatism is second to none and he always strive to get deals over the line. He is a pleasure to work with and approaches everything with good humour. Christoph Nensa is a pragmatic and experienced lawyer with extensive market knowledge. He knows how to get deals done and is always a pleasure to work with.‘

‚Clifford Chance demonstrates an exceptional degree of professionalism, deep expertise in international laws, and a pro-active approach throughout the entire collaboration.‘

Kernmandanten

Bank of America


Borsig GmbH


Ardian


BNP Paribas


Deutsche Bank


Landesbank Hessen-Thüringen Girozentrale


UniCredit


MiddleGround Capital


Sunfire


Egeria


Commerzbank


Credit Agricole


SEB


Iqony


DZ BANK


BlackRock


ING


Bank für Tirol und Vorarlberg


Deutsche Glasfaser Group


HSBC


Kartesia


Partners Group


Maxburg Capital Partners


Joh. Berenberg, Gossler & Co.


Arcmont Asset Management


TPG Angelo Gordon


Baupost Group


Diameter Capital Partners


Highlight-Mandate


  • Advised MiddleGround Capital on the credit financing for its intended voluntary public takeover offer for all outstanding shares of Stemmer Imaging AG.
  • Advised a syndicate comprising BNP Paribas, Deutsche Bank, Landesbank Hessen-Thüringen Girozentrale and UniCredit Bank GmbH on the new bank/bond financing of the Fressnapf Group.
  • Advising debt funds managed by Berenberg on financing the acquisition of vitroconnect by Oakley Capital.

Hengeler Mueller

Hengeler Mueller‘s finance team is instructed by private equity houses and corporates requiring financing for their acquisitions, and is also called upon by clients requiring bridging loans and other forms of corporate finance. Alongside its borrowing work, the practice is also adept at overseeing the restructuring of existing lines of credit, frequently advising alongside the firm’s dedicated restructuring group. Daniela Böning is a key contact for clients seeking corporate finance, and her and Henning Hilke are both sought after for their expertise in acquisition finance, with the latter also advising on Schuldschein and other debt facilities. Further acquisition finance expertise comes in the form of Nikolaus Vieten and Johannes Tieves, with the latter also assisting with the regearing of existing loans.

Weitere Kernanwälte:

Daniela Böning; Henning Hilke; Johannes Tieves; Nikolaus Vieten


Kernmandanten

Ad-hoc group of bondholders of Demire Deutsche Mittelstand Real Estate AG


B. Braun SE


Consortium including Allianz, BlackRock and T&D Holdings


Douglas AG


Five Arrows


Gerresheimer AG


Grover


International bank consortium led by UniCredit Bank GmbH


KSB


LANXESS


Messer Group


Oaktree


One Hotels & Resorts AG


Ørsted


Siemens AG


Swiss Steel Holding AG


Syndicate of international institutional investors lending via Adler Financing SarL


Tresmares Capital Corporate


United Internet


Waterland Private Equity


Highlight-Mandate


Latham & Watkins LLP

Latham & Watkins LLP‘s banking team is equally adept as both borrower and lender-side counsel, supporting private equity and corporate borrowers as well as syndicates of banks across the spectrum of financing arrangements. Taking the lead on acquisition and infrastructure facilities is Alexandra Hagelüken, while Christian Jahn is particularly well versed in acting for borrowers and syndicated lenders engaged in cross-border M&A, while also overseeing the restructuring of existing credit lines. Sibylle Münch‘s wide-ranging practice spans infrastructure and asset financing deals, with noted expertise in handling senior facilities. Thomas Weitkamp is also active in these areas, while further offering assistance with direct lending mandates.

Weitere Kernanwälte:

Alexandra Hagelüken; Christian Jahn; Sibylle Münch; Thomas Weitkamp


Referenzen

‚Great and high-quality support, strong commitment and good availability.‘

‚Thomas Weitkamp: Partner with strong legal knowledge who has advised us for years. We value the quality of work as well as the commitment and availability also on tight timelines.‘

‚The team is absolutely dedicated to deliver a best practice service, regardless the size of the financing project. So one outside of the major corporations can be sure that customer focus is right and a priority.‘

Kernmandanten

Alpha Wave


Apera Asset Management


Ares Management


CORDET Capital Partners LLP


Eurazeo


IceLake


Igneo Infrastructure Partners


Kartesia


Kelvion Group


LGT Capital Partners


MainCapital


Morgan Stanley


OLB/National-Bank AG


Orion Infrastructure Capital


RSI Capital


Trench Group


Highlight-Mandate


Gleiss Lutz

Gleiss Lutz assists private equity clients in securing their targets with the arranging of acquisition finance, with additional expertise in advising infrastructure developers and operators on the procurement of credit lines for upgrade and expansion projects. The practice is also tasked with advising syndicated lenders on the provision of the aforementioned facilities, with practice head Kai Birke taking the lead on such structures and also offering experience in restructuring matters. Acquisition and infrastructure financings form the core of Eva Reudelhuber‘s practice, while Frank Schlobach is noted for his debt financing focus, including in relation to LBOs and other subordinated financing structures.

Praxisleiter:

Kai Birke


Weitere Kernanwälte:

Eva Reudelhuber; Frank Schlobach


Referenzen

‚Always straight to the point. Very warm and welcoming even in tough negotiations while pushing for the best outcome for their client.‘

‚In-depth and up-to-date market overview.‘

Kernmandanten

Bridgepoint Credit


Deutsche Beteiligungs AG


Five Arrows


Flughafen Düsseldorf


Infraserv GmbH & Co. Höchst KG


Infineon Technologies AG


KPS Capital Partners


Kühne Holding


Mitteldeutsche Flughafen AG


Siempelkamp-Gruppe


United Internet AG


Highlight-Mandate


  • Advised United Internet AG on its up to €800m project financing for its 5G network expansion, provided by Japan Bank for International Cooperation and by a syndicate led by Commerzbank Aktiengesellschaft and Deutsche Bank AG.
  • Advised Infineon Technologies AG on the conclusion of a revolving credit facility of €2bn.
  • Advised a joint venture between Flughafen München GmbH and Deutsche Lufthansa AG on the refinancing of the existing financing for the satellite terminal of Terminal 2 at Munich Airport.

Milbank

Milbank assists clients requiring or providing financing on the structuring of facilities under German, English & Welsh and New York law, including senior facilities, various term loans for use as acquisition, infrastructure and asset financing facilities. In addition to handling the structuring of new money facilities, the practice is frequently tasked with the restructuring of existing financing arrangements. Barbara Mayer-Trautmann is an expert in leveraged finance and asset-based facilities, with experience in setting up term loan B and other syndicated facilities for both corporates, sponsors and lenders. She heads the team alongside Thomas Ingenhoven, who oversees acquisition financing facilities in both the mid and large-cap markets in addition to assisting on restructuring mandates.

Praxisleiter:

Thomas Ingenhoven; Barbara Mayer-Trautmann


Referenzen

‚Great team, very lean, very efficient and super pragmatic. They think in solutions, not in problems.‘

‚Thomas Ingenhoven and Gerrit Merkel are fantastic lawyers and experts in their field. They look at projects holistically and are super detail oriented. Great commercial knowledge of the industry. Also very fun to work with.‘

Kernmandanten

Adams Street Partners


Ardian Private Equity


Axel Springer SE


Bike24 Holding


Bregal Unternehmerkapital GmbH


Commerzbank AG


European Locomotive Leasing


FUNKE Mediengruppe


Goldman Sachs


H.I.G. Capital


Hayfin Capital Management LLP


Helrom GmbH


Hensoldt AG


Hg Capital


HPS Investment Partners


ING Bank


J.P. Morgan AG


KAEFER SE & Co. KG


Körber AG


mytheresa.com GmbH


Oakley Capital


Pemberton


ProSiebenSat.1 Media SE


Quartz Healthcare Germany GmbH


UniCredit Bank GmbH


Webasto SE


Highlight-Mandate


  • Advised Hensoldt AG on the refinancing of its €1.8bn financing structure.
  • Advised the arrangers on a €710m term loan A and a €50m revolving credit facility extended to Bending Spoons to finance the acquisition of The Creative Productivity Group B.V.
  • Advised Axel Springer on a new syndicated facility agreement to support its new corporate structure.

White & Case LLP

Integrating German, English and New York legal advice into its German offering, White & Case LLP is well positioned to advise clients on both new money facilities and the refinancing of pre-existing credit arrangements, acting for bank syndicates and corporate borrowers alike. Vanessa Schürmann takes the lead on debt financing transactions, with expertise in leveraged facilities, in addition to advising on corporate and acquisition credit lines. Andreas Lischka adds further expertise on the debt financing front, while Florian Degenhardt is the lead partner on project finance deals, specialising in setting up syndicated facilities intended for use in the development of energy and other infrastructure projects.

Praxisleiter:

Vanessa Schürmann; Florian Degenhardt


Weitere Kernanwälte:

Andreas Lischka; Markus Fischer


Referenzen

‚W&C stands out for its seamless integration within a truly international network, which enables them to provide comprehensive, 360-degree support across multiple jurisdictions. Their ability to coordinate and lead specialised local teams while maintaining a consistently high standard of service across offices is a key differentiator.‘

‚The W&C team consistently distinguishes itself through exceptional responsiveness and availability, which is particularly critical in time-sensitive transactions. Their deep expertise and technical skill are complemented by a pragmatic and creative approach, allowing them to devise tailored solutions even in the face of unexpected or complex challenges.‘

Kernmandanten

Delivery Hero


Morgan Stanley


Teylor


Deutsche Bank


Adler


Battery Ventures


Norvestor


J.P. Morgan


ING Bank


KfW


Norddeutsche Landesbank


Citibank


Thoma Bravo


Partners Group


Castik Capital


Triton Partners


Benteler International AG


Stabilus


DIF CVC


Duke Street


Highlight-Mandate


Ashurst LLP

Ashurst LLP‘s finance team is called upon by debt and private equity funds for support on the structuring of acquisition and leveraged facilities, in addition to acting for syndicates of lenders on the provision and restatement of revolving facilities. Germany co-managing partner Anne Grewlich advises on financing for LBOs, in addition to assisting PE houses with the arrangement of mezzanine and senior loans. She leads the team alongside Derk Opitz, whose expertise lies in asset and infrastructure financing, spanning rail and road, data centre and renewable energy projects.

Praxisleiter:

Anne Grewlich; Derk Opitz


Weitere Kernanwälte:

Sabrina Bremer; Judit Körmöczi; Christopher Clerihew


Referenzen

‚Outstanding practice, very proactive and knowledgeable and well connected. Thinking outside the box.‘

Kernmandanten

ABN AMRO


ING Bank


KfW IPEX-Bank GmbH


Investec Bank Plc


Kommunalkredit Austria AG


Norddeutsche Landesbank – Girozentrale


Landesbank Baden-Württemberg


MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH


Bridgepoint


Pemberton Asset Management


Oldenburgische Landesbank Aktiengesellschaft


DZ BANK AG Deutsche Zentral-Genossenschaftsbank


Federated Hermes Private Credit


Norddeutsche Landesbank


Raiffeisenlandesbank Oberösterreich Aktiengesellschaft


Duke Street


CIC Private Debt


ODDO


Bank of Ireland


Patrimonium


Highlight-Mandate


  • Advised a banking syndicate in the €475m financing of the development of several data centres in the Frankfurt area by Mainova WebHouse GmbH.
  • Advised Duke Street on two parallel transactions in the ostomy care sector, including the acquisition of the ForLife Group from GHD and the acquisition of the ostomy care business of Trio Healthcare Limited.
  • Advised Pemberton Asset Management on supporting Inflexion’s acquisition of the Finanzen.net Group.

Linklaters

Maintaining a broad approach to its finance work, Linklaters acts for banks, private equity sponsors and corporate borrowers across a variety of credit structures, notably acquisition financing and revolving facilities. The team is headed by Marc Trinkaus, noted for his expertise in lender-side mandates, in particular the arrangement of leveraged credit facilities and acquisition finance. Michal Hlásek is tasked with the structuring of corporate financing, acquisition and trade facilities, while Przemyslaw Lipin stands out for his expertise in structuring leveraged facilities for both public and private acquisitions.

Praxisleiter:

Marc Trinkaus


Weitere Kernanwälte:

Michal Hlásek; Przemyslaw Lipin


Referenzen

‘Very clear and professional communication – great knowledge in their field – very friendly.’

‘Very strong law firm, capable to join cross-product deal teams (not only across financing teams) and develop bankable innovative structures.‘

‚Especially strong personal in negotiations, also in intense situations.’

Kernmandanten

Barry Callebaut AG


Bank of America


Bayer AG


Carlyle Group


Commerzbank AG


European Investment Bank


Gebr. Heinemann SE & Co KG


HgCapital LLP und JTL Software AG


HomeToGo


ING-DiBa AG


KBC Bank NV


Mizuho Bank, Ltd.


Onex Partners


Rhône Group LLP


Seller X Germany GmbH


ThyssenKrupp AG


TPG Capital


UniCredit


United Grinding Group AG


Volkswagen AG


Noerr

Noerr acts for bilateral and syndicated lenders overseeing the restructuring of their lines of credit, including where borrowers are near to or have entered insolvency, in addition to handling new money acquisition and revolving facilities. Andreas Naujoks heads the practice, specialising in real estate financing but also advising lenders and borrowers on the structuring of corporate facilities. Alexander Schilling is called upon for his expertise in handling syndicated facilities, both for planned acquisitions and for infrastructure developments.

Praxisleiter:

Andreas Naujoks


Weitere Kernanwälte:

Alexander Schilling; Patrick Geist


Referenzen

‚In-depth work, advisory work not only from a legal but also a strategic point of view.‘

‚Responsiveness.‘

‚Full commitment and dedication far beyond legal advice. Deep commercial understanding.‘

Kernmandanten

Bayerische Versorgungskammer


Bayerische Landesbank


Commerzbank Aktiengesellschaft


Landesbank Baden-Württemberg


HSBC


Deutsche Bank


Daimler Truck AG


Hypoport SE


NORD/LB Luxembourg S.A. Covered Bond Bank


Norddeutsche Landesbank


Northvolt AB


Oldenburgische Landesbank


Pfeifer Group


Promissory noteholders of Branicks Group AG


Talanx AG


Highlight-Mandate


  • Advised a banking syndicate led by NORD/LB Luxembourg S.A. on the financial restructuring of VARTA AG.
  • Advising Norddeutsche Landesbank on the long-term restructuring of BayWa r.e. AG.
  • Advising creditors including Bayerische Landesbank, Commerzbank Aktiengesellschaft & Landesbank Baden-Württemberg on the restructuring of the Ziegler Group.

CMS

CMS’ broad approach to financing allows it to support lenders and borrowers when arranging both real estate and acquisition finance. Alongside its work on new money deals, the group is also able to assist clients with the restructuring of existing credit lines. Taking the lead on project and real estate financing mandates is André Frischemeier, who acts for corporates, insurers and other investors as well as banks. Kerstin Block spearheads the firm’s asset and acquisition financing work, with particular expertise in both energy infrastructure and rolling stock facilities.

Praxisleiter:

André Frischemeier; Kerstin Block


Referenzen

‚Good practical advice and execution of assignments. The team is knowledgeable and takes a proactive and commercial approach to completing the transaction.‘

‚In each case the partner is continuously involved and cares.‘

‚Up to date on the case and timely delivery of drafts.‘

‚Very good personal fit with our team and great working atmosphere.‘

‚Great mix of precision, proficiency in their subject matter and sense of humor.‘

Highlight-Mandate


Hogan Lovells International LLP

Hogan Lovells International LLP specialises in the structuring of German and English-law governed facilities extended to investors in the energy sector, acting for both bank syndicates as lenders and asset managers as borrowers. Carla Luh combines expertise in the structuring of term, project and mezzanine structures aimed at developing energy assets. She leads the group alongside Thomas Freund, an expert in bond issuances, unitranche facilities and LBOs.

Praxisleiter:

Carla Luh; Thomas Freund


Taylor Wessing

Taylor Wessing‘s expertise in the finance sector is sought after by both borrowers and lenders, with the practice assisting them when looking to structure acquisition and infrastructure facilities, and also handling restructuring and refinancing matters. Clemens Niedner spearheads the firm’s finance practice, offering experience on both sides of acquisition and corporate financing structures, with particular expertise in advising syndicates on the provision of revolving facilities.

Praxisleiter:

Clemens Niedner


Referenzen

‚Taylor Wessing has very experienced partners and a deep knowledge in Banking & Finance. They hav been in the market now for many years and are able to combine the knowledge of their partners with a fine team of counsels and associates each time.‘

‚Clemens Niedner is able to handle lending banks and borrowing firms with equal skill and can create a very constructive and straight-to-the-point atmosphere in negotiations, which helps to balance the different interests and concerns and to achieve a straight process with acceptable results for both sides.‘

‚High level of quality, quick feedback, creative solutions, seamless cooperation in the team.‘

‚You continuously receive a flawless product and support as well as hands-on advice. In transactional banking, such service and advice is key for a smooth process. Very creative in finding solutions. Excellent market and product knowledge.‘

‚Clemens Niedner is one of the go-to lawyers when it comes to complex transactions. In addition, we very frequently work with Clemens and his team on capital contribution bridge facilities where Clemens has established a profound and in-depth knowledge that only few lawyers in the German market have.‘

Kernmandanten

Nord Holding


ENCAVIS


Berlin Energie Rekom 3


Bayerische Landesbank


Claret Capital Partners


DZ Bank AG


Borromin Capital Management GmbH


Deutsche Bank


Landesbank Baden-Württemberg


Highlight-Mandate


  • Advised DZ Bank AG in connection with the €700m syndicated financing for Infraserv GmbH & Co Höchst KG.
  • Advised Landesbank Baden-Württemberg on the financing of Foconis Group and on the acquisition financing of Swiss company MACD AG by Foconis.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP‘s financing capabilities are augmented by the firm’s expertise in the restructuring field, and the team is often called upon by clients requiring assistance with bridging facilities and the restructuring of existing lines of credit. The group is headed by Jasmin Dettmar, whose practice spans both financial restructuring mandates and acquisition finance matters, notably acting for a number of PE sponsors.

Praxisleiter:

Jasmin Dettmar


Weitere Kernanwälte:

Moritz Hechenrieder


Referenzen

‚Very good and fully sourced team with an exceptional breadth and width. Able to digest and condense docs and critical points quickly and concisely.‘

‚Jasmin Dettmar – we value her input, ability to push through clients interest in negotiations, deep knowledge and understanding, also very diligent in post-close work.‘

‚Very responsive and good communication, and they use the entire Willkie platform to deliver the best advice.‘

Kernmandanten

3i Group


Barings


Capital Four


CVC Capital Partners


Arcmont AM


Commerzbank


Ardian


SGT Capital


ICG Capital


learnd SE


Churchill AM


Banc of California


Novum Capital


Findos


Highlight-Mandate


  • Advised Tikehau Capital in connection with an investment, through its private equity decarbonisation strategy, in TTSP HWP Group.
  • Advised learnd SE on its acquisition financing and the M&A process for the acquisitions of UK-based BGES Group and Ireland-based Ashdown Group.
  • Advised CVC Capital Partners on its investment in CompuGroup Medical SE & Co. KGaA.

Astera Legal Egbers Hitzer Partnerschaft von Rechtsanwälten mbB

Astera Legal Egbers Hitzer Partnerschaft von Rechtsanwälten mbB is a finance-focused boutique that handles borrower-side mandates for several European private equity houses, assisting them in securing acquisition facilities for target companies. Spearheading the firm’s efforts is Bernd Egbers, who assists PE and debt funds with acquisition financing and leveraged buyouts, while Isabell Hitzer adds expertise in direct lending. February 2025 saw the firm enter the restructuring field, heralded by the arrival of Till Buschmann from Bryan Cave Leighton Paisner, who is based in the firm’s newly opened Frankfurt office.

Praxisleiter:

Bernd Egbers


Weitere Kernanwälte:

Isabell Hitzer; Till Buschmann


Referenzen

‚Long-term experience in leveraged finance, partner involvement, commercial judgement.‘

‚Experienced team. Very responsive and knowledgeable. Pragmatic business-minded approach.‘

‚Bernd Egbers is very committed, responsive and a joy to work with.‘

Kernmandanten

Archimed


Auctus Capital Partners AG


Raiffeisenlandesbank Oberösterreich Zweigniederlassung Süddeutschland


Quadriga


Norddeutsche Landesbank – Girozentrale


Sparkasse Rhein-Nahe


Volksbank eG – Die Gestalterbank


Iqony GmbH


Paragon Partners


Fremman Capital


SEVEST Management GmbH


TeamVet Beteiligungs GmbH


saas.group


Highlight-Mandate


  • Advised Fremman Capital on the financing of the acquisition of a majority stake in rehaneo.
  • Advised Paragon Partners on the refinancing of Primed Group.
  • Advised ARCHIMED SAS and ZytoMax GmbH on the refinancing and recapitalisation of the ZYTOMICS Group by funds managed and advised by Ares Management Limited.

Baker McKenzie

Acting for both corporate and private equity borrowers and bank lenders, Baker McKenzie is adept at overseeing the structuring of acquisition finance facilities, infrastructure credit and places an increased focus on export financing. Oliver Socher oversees new money syndicated loans and is also able to assist his clients with the restructuring of their lines of credit. He leads the team alongside Sandra Wittinghofer, a specialist in structured finance and associated questions of banking regulation.

Praxisleiter:

Oliver Socher; Sandra Wittinghofer


Weitere Kernanwälte:

Kathrin Marchant; Matthias Töke


Referenzen

‘Matthias Töke: very responsive, hands-on mentality, very knowledgeable.‘

‚Baker McKenzie brings strong experience in lending and borrowing; especially in the areas of (1) Export Finance and (2) Securitization. Key strengths include: delivering on time and within agreed budgets.‘

‚Baker McKenzie’s team is outstanding in its capabilities to support business opportunities worldwide, especially in jursidictions not covered by most of its competitors.‘

Kernmandanten

AKA Ausfuhrkreditgesellschaft


Apollo Global Management


Aurelius


Bank of China


Commerzbank


Development Bank of Kazakhstan


DZ Bank


Energie Burgenland AG


Gyrus Capital


KfW-IPEX Bank


Landesbank Hessen-Thüringen Girozentrale


MUFG


Nalka Invest


ODDO BHF


Oldenburgische Landesbank


Société Générale


Standard Chartered Bank


Truelink Capital


Highlight-Mandate


  • Advised Oldenburgische Landesbank Aktiengesellschaft in its capacity as sole mandated lead arranger and lender on the financing of the acquisition of the adlicious Group by FIELDS Group.
  • Advised ING Bank, Bank of China, Development Bank of Kazakhstan and Halyk Bank for a project financing for a soda ash plant of the Yildirim Group in Kazakhstan.
  • Advised Truelink Capital on the financing of the acquisition of MEDIA Central Group from Bregal Unternehmerkapital and subsequent business combination with Flipp Operations Inc.

Goodwin

Goodwin‘s financing expertise encompasses both borrower and lender-side mandates, with particular expertise in assisting private equity sponsors and portfolio companies secure acquisition finance in the form of leveraged loans. Winfried Carli heads the team, offering experience across both acquisition and fund financing facilities to his private equity clients. Folko Moroni was made partner in October 2024, providing assistance with corporate and leveraged credit.

Praxisleiter:

Winfried Carli


Weitere Kernanwälte:

Folko Moroni; Daniel Wagner


Referenzen

‚Winfried Carli is simply the brightest and most commercial finance lawyer in Germany. As well as his superior legal know-how, he has a unique commercial sense, which makes him a valuable sparring partner for important decisions.‘

‚Very good standing in the market, knowledgeable lawyers especially in lower mid market.‘

‚Winfried Carli is probably one of the most sought after individuals in the German market, not surprising given his commercial mindset and pragmatic approach.‘

‚Folko Moroni is a very well rounded partner who has shown great knowledge of the market and has the right level of pragmatism and commercial mindset.‘

Kernmandanten

Ares Management


DPE Investment Gesellschaft


EMZ Partners


EOS Partners


Equistone Partners


GREENPEAK Partners Advisory


LEA Partners


Maguar Capital


Paragon Partners


Trill Impact Advisory GmbH


Highlight-Mandate


  • Advised Maguar Capital on the financing of the acquisition of a majority stake in Navori Labs.
  • Advised Greenpeak Partners and its portfolio company Athagoras Group on the financing of various acquisitions, including CSO Pharma Consulting and MIGx AG.
  • Advised EOS Partners and accompio on the refinancing and acquisition financing of Netz16 Group and its subsidiaries digisoolut, Fundwerk, and PARIT.

K&L Gates LLP

K&L Gates LLP continued to grow its German finance practice in late 2024, with Norton Rose Fulbright‘s Andrea Spellerberg joining in September, handling both new money real estate, corporate and acquisition facilities and restructuring existing ones. The practice is further adept at structuring receivables financing arrangements, for which Torsten Limberg is the key contact. Heading the team are Matthias Grund, whose focus lies in structuring multi-jurisdictional syndicated facilities, and Frank Thomas, a specialist in rolling stock and aircraft financing.

Praxisleiter:

Matthias Grund; Frank Thomas


Weitere Kernanwälte:

Andrea Spellerberg; Torsten Limberg


Referenzen

‚High capacities and very deep expertise.‘

‚Detailed expertise, good knowledge of market participants.‘

‚I like Andrea Spellerberg’s hands-on approach, together with her deep knowledge of the market.‘

Kernmandanten

Avenue Capital Group


Invesco


Rock Rail Holdings Limited/Infracapital


Highlight-Mandate


  • Advised Avenue Capital Group on the acquisition of Huber Group.
  • Advised Rock Rail Holdings Limited and Infracapital on the conclusion of an operating lease agreement for 18 brand new Siemens Mobility GmbH Mireo electric four-car regional trains and related comprehensive project agreements.
  • Advised Rock Rail Holdings Limited and Infracapital on the procurement and financing of 41 vehicles for the S-Bahn Leipzig Lot 2 operating contract for Die Länderbahn GmbH DLB.

Mayer Brown LLP

Mayer Brown LLP specialises in handling debt financing arrangements in the private equity field, acting for both arrangers and sponsors in structuring acquisition, asset-based and real estate finance facilities. The team is headed by Martin Heuber, who maintains a broad practice encompassing corporate lending, acquisition finance and is also well versed in the restructuring of loans. Having made partner in January 2025, Odilo Wallner continues to handle both leveraged finance transactions and debt capital market deals.

Praxisleiter:

Martin Heuber


Weitere Kernanwälte:

Odilo Wallner; Max Birk


Referenzen

‚Mayer Brown has the ability to attract and retain top talent.‘

‚We have worked with very knowledgeable and pragmatic individuals at Mayer Brown. Very efficient. We highly encourage working with the following individuals: Martin Heuber, Odilo Wallner, Max Birk.‘

Kernmandanten

Bain Capital Credit LP


Carlyle


Edmond de Rothschild


Entrepreneurial Equity Partners


Royal Bank of Canada


Northern Trust


Five Arrows Principal Investments


Highlight-Mandate


  • Advised Bain Capital Credit LP on the acquisition of shares in Target, restructuring and new joint venture agreement in relation to a proposed investment in a portfolio of data centres across Europe.
  • Advising Carlyle on various CERF II Investments.
  • Advised Royal Bank of Canada on the financing of the acquisition of Media Central Group by a portfolio company of Truelink Capital.

Norton Rose Fulbright

Norton Rose Fulbright‘s German banking team works closely with its counterparts across the firm’s network to handle cross-border bilateral and syndicated debt-based facilities, acquisition financing and with particular strength in transport asset financing deals. Team lead Bernhard Fiedler places particular emphasis on real estate financing as part of a broader debt-based practice, while Oliver Sutter works on corporate and acquisition loans.

Praxisleiter:

Bernhard Fiedler


Weitere Kernanwälte:

Oliver Sutter


Referenzen

‚Very calm and professional team.‘

‚Oliver Sutter is always willing and able to deep dive into the main points and seek solutions. Bernhard Fiedler is a skilled partner on top of the banking workstream, also with great knowledge of guarantees as well as restructuring topics and necessities.‘

‚Bernhard Fiedler stands out with his sound knowledge, pragmatic approach and strong and goal-orientated negotiation skills.‘

Kernmandanten

Bank of America N.A.


Bayerische Landesbank


Commerzbank AG


Deutsche Bank AG


HSBC Trinkaus & Burkhardt GmbH


Landesbank Baden-Württemberg


Ziegler Gruppe


Kommunalkredit


KFW IPEX-Bank


UniCredit Bank GmbH


Highlight-Mandate


  • Advised the Ziegler Group on its structural financing.
  • Advised Deutsche Bank on the refinancing of FAIST Anlagenbau GmbH and FAIST Anlagenbau Holding GmbH & Co. KG via a syndicated loan agreement.
  • Advised KfW IPEX-Bank on the structuring of an additional financing of €270m under a CAPEX facility for the leasing platform of RIVE Private Investment and Northrail.

SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft

SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft assists both bank lenders, including syndicates thereof, and corporate borrowers, on both new money facilities covering corporate, acquisition and project finance, while also overseeing the refinancing or restructuring of existing lines of credit. Both he and Ilja Baudisch also oversee loan restructuring procedures, with Baudisch also working on corporate and acquisition financing. Former practice group leader Dietrich Stiller left the firm in January 2026 to join Bryan Cave Leighton Paisner.

Weitere Kernanwälte:

Ilja Baudisch; Andreas Herr


Referenzen

‚SZA appears to be highly experienced in lending and borrowing transactions that are governed by German law. The firm’s prominent strengths are responsiveness and attention to detail. Also, their familiarity with Turkish markets distinguishes them from other firms in their jurisdiction.‘

‚Very professional and collegial work on a high-level transaction.‘

‚Attention to detail and ability to get the job done. Great interface with the client.‘

‚Technical excellence.‘

Kernmandanten

BÜSCHL Unternehmensgruppe Holding GmbH & Co. KG


Coöperatieve Rabobank U.A.


Cteam Consulting & Anlagenbau GmbH


Deutsche Bank AG


Landesbank Baden-Württemberg


Reischmann GmbH & Co. KGaA


Schumacher Packaging GmbH


Highlight-Mandate


  • Advised a DAX-listed company on its multi-billion syndicated financing, which serves as a corporate backup liquidity facility and finances general corporate matters.
  • Advised a consortium led by Deutsche Bank on the debut syndicated financing for L’Osteria.