Capital Markets: Equity
Europe Guide 2024 : Germany
Band 4
About
Provided by Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Skadden’s German capital markets practice features German- and U.S.-qualified lawyers with several decades of experience handling complex cross-border equity, equity-linked and debt capital markets transactions in Germany, Austria and Switzerland, particularly involving a strong U.S. component (either U.S. listings or private placements). We advise issuers on corporate, financing, governance and structuring matters to establish capital markets readiness (particularly in the pre-IPO phase). Our attorneys also counsel issuers and underwriters on a broad range of capital markets transactions — including IPOs, secondary share placements, capital increases, equity-linked transactions, high-yield financings (under U.S. and German law) and other global equity and debt offerings — and provide ongoing German and U.S. securities law advice. In addition, Skadden’s capital markets team handles dual listings, SPAC and de-SPAC transactions, depositary receipt programs, redomiciliations and delistings and works closely with the firm’s M&A and Private Equity Groups to deliver seamlessly integrated client service.
Chambers Review
Skadden, Arps, Slate, Meagher & Flom is known for its long-standing coverage of ECM matters, frequently advising investment banks and issuers on IPOs on domestic and international stock exchanges. The department is particularly acclaimed for its expertise in the US market but equally active on pan-European multi-jurisdictional deals. The team also offers strength in capital increases, private placements and rights offerings as well as convertibles transactions and de-SPACs.
Work Highlights
- Skadden advised SIGNA Sports United on a convertible bond transaction with a value of EUR300 million.
Strengths
Provided by Chambers
"Skadden delivered a very strong performance in a complex and time-sensitive negotiation."
"We received full access to any expertise we needed while key contact persons stayed involved and on top of things at all times."
"The team provided very strong and thoughtful advice."
"Skadden's team acted very professionally, effectively and responsively. The lawyers always finalised tasks in the best and most efficient manner possible."
"The lawyers are pragmatic and efficient and provide tangible recommendations."
"Skadden delivered a very strong performance in a complex and time-sensitive negotiation."
"We received full access to any expertise we needed while key contact persons stayed involved and on top of things at all times."
"The team provided very strong and thoughtful advice."
"Skadden's team acted very professionally, effectively and responsively. The lawyers always finalised tasks in the best and most efficient manner possible."
"The lawyers are pragmatic and efficient and provide tangible recommendations."
Notable Practitioners
Stephan Hutter remains a sought-after adviser to prominent bookrunners, global coordinators and issuers, whom he assists with IPOs, convertible bonds and capital increases as well as SPAC mandates. His multi-jurisdictional capabilities, especially concerning the Austrian and US markets, add to his status as a renowned practitioner.
"Stephan Hutter is a senior partner who gives us advice on potentially critical issues. He simply has the wealth of experience and the perspective that is necessary for such questions."
"Stephan Hutter is our trusted partner and even gets consulted by our board members. He gives well-thought-out and considered advice and always has the best interest of our company at heart."