Capital Markets: Debt
Global Guide 2024 : Germany
Band 3
Contact number
+49 69 4272 5200About
Provided by Sullivan & Cromwell LLP
To learn about our practice, please visit www.sullcrom.com/practices-and-capabilities.
Chambers Review
Widely considered the market leader for ECM, the international law firm Sullivan & Cromwell is regularly involved in highly complex and prestigious equity transactions. Its clientele comprises top-tier issuers and underwriters, including blue-chip companies, successful startups and investment banks. Due to its excellent international network, the law firm offers seamless handling of cross-border transactions, with particular strength in US-related matters, including SPACs, ADSs and SEC-registered deals. The team is highly visible advising on IPOs, capital increases and private placements. Clients also benefit from the law firm's strength in DCM matters, assisting issuers and underwriters with deals including SEC-registered global note offerings and transactions in accordance with Rule 144A.
Work Highlights
- Sullivan & Cromwell advised SMG European Recovery SPAC on the listing of its public shares on the regulated market and the introduction to trading of its public warrants on the open market of the Frankfurt Stock Exchange.
Strengths
Provided by Chambers
"Sullivan & Cromwell are extraordinarily good technically, always available, extremely robust and resilient, very precise, and work with full dedication. The lawyers are really excellent and definitively the best advisers we have."
"The team's deep commercial understanding is one of their biggest advantages."
"Even within short calls, Sullivan & Cromwell are able to provide the necessary answers and to provide comfort."
"The team are well prepared and immersed in the topic, including the lead partner, who is as involved and familiar with the details as if he worked only on our case."
"The Sullivan & Cromwell team have very strong commercial awareness and think beyond just the legal work. They are very experienced, with a pragmatic approach to finding solutions."
"Sullivan & Cromwell are extraordinarily good technically, always available, extremely robust and resilient, very precise, and work with full dedication. The lawyers are really excellent and definitively the best advisers we have."
"The team's deep commercial understanding is one of their biggest advantages."
"Even within short calls, Sullivan & Cromwell are able to provide the necessary answers and to provide comfort."
"The team are well prepared and immersed in the topic, including the lead partner, who is as involved and familiar with the details as if he worked only on our case."
"The Sullivan & Cromwell team have very strong commercial awareness and think beyond just the legal work. They are very experienced, with a pragmatic approach to finding solutions."
Notable Practitioners
Star practitioner Carsten Berrar remains a towering figure in the ECM world, often advising on many of the most prominent IPOs in the German market and beyond. Clients also benefit from his excellence in SPAC transactions and private placements.
"Carsten Berrar is one of the best and probably the most experienced ECM lawyer for the German market."
"He is just an amazing lawyer who within a five-minute call can give you all you need to know."
"Carsten Berrar is simply the best."
"Carsten Berrar is probably the most prominent figure in ECM in Germany."
As a US-qualified practitioner Krystian Czerniecki of Sullivan & Cromwell LLP is well placed to handle cross-border ECM mandates, especially those involving the USA. He regularly handles complex IPOs, SPAC transactions and private placements, including SEC-governed IPOs and Rule 144A placements.
"Krystian Czerniecki is technically super, great at drafting and all over the details."
Clemens Rechberger advises on the full spectrum of ECM, covering predominantly SPAC transactions as well as US-based IPOs and private placements.
"Clemens Rechberger provides strong legal advice and is a pleasant person to work with."
Ranked Lawyers at
Sullivan & Cromwell LLP
Germany