Capital Markets: Structured Finance
Global Guide 2024 : Germany
Band 3
Email address
[email protected]Contact number
+49 69 2648 5000Chambers Review
The firm showcases a solid practice with comprehensive coverage across the capital markets spectrum. The law firm's DCM team is particularly known for its high-yield offering, while also advising on debt issuance programmes and topical issues such as green bonds and crypto ETNs. The department is furthermore respected for its expertise in ECM mandates, acting for corporates and underwriters on capital increases, share placements and convertibles deals. Clients also benefit from the law firm's strength in structured finance matters, which span from complex synthetic securitisations to regulatory work pertaining to issuance platforms and structured products. Its international network renders the firm a strong choice for clients seeking cross-border assistance. On 1st May 2024, Allen & Overy and Shearman & Sterling merged to form A&O Shearman.
Work Highlights
- The firm advised a consortium of banks including Goldman Sachs Bank Europe on the European Investment Bank's issuance of Luxembourg law-governed dematerialised bonds, which are issued and held via a blockchain-based platform under German law.
Strengths
Provided by Chambers
"The firm has deep insights in debt financing matters, offering strong commercial awareness and very strong service levels."
"The team solved complex issues with great expertise and commitment."
"Partners and senior associates were easily accessible, providing very fast response times and a top service."
"The team offers a high level of expertise and tailor-made work results."
"The teamare able to put themselves in the client's shoes and are open to commercial considerations."
"The firm has deep insights in debt financing matters, offering strong commercial awareness and very strong service levels."
"The team solved complex issues with great expertise and commitment."
"Partners and senior associates were easily accessible, providing very fast response times and a top service."
"The team offers a high level of expertise and tailor-made work results."
"The teamare able to put themselves in the client's shoes and are open to commercial considerations."
Notable Practitioners
Marc Plepelits is particularly active on DCM mandates, including high-value bond issuances, and is especially noted for his expertise in high-yield transactions. Admitted to the New York Bar and as the head of the firm's US corporate finance team in Germany, he complements this offering with particular strength in cross-border mandates connected to the US. He is additionally versed in matters relating to Austria, where he also attained his master juris.
"Marc Plepelits has been providing US-related advice, including on complex structures, for decades."
"Marc Plepelits is a trusted adviser for debt capital markets matters."
Knut Sauer heads the firm's German equity capital markets team. He enters the rankings based on positive feedback and high levels of activity on sophisticated transactions. His experience includes advising on share placements, convertible bond transactions and capital raises with subscription rights. Sauer acts for corporate issuers and underwriting banks as well as IPO investors.
"Knut Sauer provides top client service and very strong commercial awareness."
"It was a pleasant experience working with Knut Sauer."
Stefan Henkelmann advises on cross-border securitisations and covered bond programmes, as well as the development of lending and securitisation platforms. He often acts for asset managers and financial institutions.