What the team is known for
Present across the entire capital markets spectrum with a considerable bench strength. Advises issuers and bookrunners on a wide ambit of DCM products, with extensive experience in straight debt, convertible and exchangeable bonds as well as bank bonds. Handles high-profile IPOs, rights issues and dual-track processes. Broad structured finance offering, with expertise in securitisations, portfolio transactions and asset transfers. Also possesses clearing and derivatives capabilities, often advising clients on the implementation of new models and regulatory requirements. Further activity in the fintech space, including matters relating to the development of digital currency.
is a highly visible up-and-coming partner who advises notable clients on high-volume bond issuances in Germany and across borders. He assists both bookrunners and corporate issuers. Clients are full of praise, with one interviewee portraying him as "super cooperative and helpful,"
and adding: "He answers extremely quickly whenever anything comes up and he is always open to finding alternative structures and a solution to rescue a transaction."
is highly active on asset-backed portfolio transactions, with a particular focus on auto loan securitisations. She also advises on the transfer of assets and novation of derivatives as part of M&A deals. According to one commentator, "you can work very well with her, she is very competent."
advises clients on clearing issues and the Clearing Framework Agreement. He is additionally versed in co-origination agreements, securitisations and asset-based finance transactions.
showcases an impressive client base of international financial services providers, whom he assists with matters including clearing agreements and the structuring and setting up of new derivatives products. He acts on the sale and transfer of derivatives businesses, containing OTCs and ETDs, and additionally advises on capital markets supervisory as well as fintech issues. Clients value his "very reliable and high-quality legal advice."
is a specialist for derivatives issues including clearing agreements and IM collateralisation. He provides netting opinions to the sponsoring market organisations and has advised on the drafting of a currency reference rate addendum to the German Master Agreement for Financial Derivatives Transactions. According to clients, he is "pragmatic and solution-focused."
assists with large-scale portfolio transactions as well as providing advice on trading platforms. A client appreciates him as "reliable and a very good team player."
is known across Germany and the DACH region for his expertise in IPOs and listings on various European stock exchanges. He also advises on high-volume rights offerings. He is particularly focused on large German and US corporates as well as underwriters. A client states: "Even in complex situations, he is always solution-oriented and calm. Even if things are difficult between the parties, he is able to find a solution, he is emotionally intelligent and is able to mediate between different characters."
Carbonare additionally stands out for having a unique focus on matters relating to Switzerland, such as listings on the SIX Swiss Exchange.
is a high-profile DCM practitioner popular among prominent German issuers and international underwriters. He covers a plethora of transactions, including the issuance of subordinated and senior bonds, AT1 bonds, Eurobonds, guaranteed bonds, and convertible bonds, as well as the setting up of debt issuance programmes. A client describes him as an "outstanding specialist and a very reliable and trustworthy contact."
Having advised on countless cross-border deals, he has particular standing in the Austrian market and is regularly seen on Austro-German transactions.