Department profile
Sullivan & Cromwell LLP

Capital Markets: Equity

Global Guide 2026 : Germany


Sullivan & Cromwell LLP

Rankings

About

Provided by Sullivan & Cromwell LLP

To learn about our practice, please visit https://www.sullcrom.com/PracticeListing.

Chambers Review

Provided by Chambers

Capital Markets: Equity - Germany

Band 1

Band 1


What the Team is Known For

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

Provided by Chambers

  • Sullivan & Cromwell advised Springer Nature on its IPO and listing on the Frankfurt Stock Exchange.

Strengths

Provided by Chambers

  • Sullivan & Cromwell develop a deep understanding of client-specific issues quickly and fully, and can apply this in a capital markets setting extremely effectively.

    Capital Markets: Equity respondentGlobal
  • Sullivan & Cromwell has excellent team expertise across ECM products.

    Capital Markets: Equity respondentGlobal
  • Sullivan & Cromwell has excellent contacts with authorities to manage the overall process.

    Capital Markets: Equity respondentGlobal
  • Sullivan & Cromwell have a quick turnaround, high-quality output and, above all, advice you can rely on.

    Capital Markets: Equity respondentGlobal
  • Sullivan & Cromwell offers impressive depth and breadth in its capital markets team, with a well-structured balance of experienced partners, associates and junior support staff.

    Capital Markets: Equity respondentGlobal

Notable Practitioners

Provided by Chambers

  • Star IndividualsCarsten Berrar
    Star IndividualsCarsten Berrar

    Carsten Berrar

    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 an exceptional lawyer.

      Capital Markets: Equity respondentGlobal
    • Carsten Berrar is definitely a superstar in capital markets.

      Capital Markets: Equity respondentGlobal
  • Band 2Krystian Czerniecki
    Band 2Krystian Czerniecki

    Krystian Czerniecki

    As a US-qualified practitioner, Krystian Czerniecki 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 very thoughtful and always looks at the big picture and implications across various matters.

      Capital Markets: Equity respondentGlobal
    • Krystian Czerniecki has an outstanding work ethos.

      Capital Markets: Equity respondentGlobal
  • Band 3Clemens Rechberger
    Band 3Clemens Rechberger

    Clemens Rechberger

    Clemens Rechberger advises on the full spectrum of ECM, predominantly covering SPAC transactions as well as US-based IPOs and private placements.

Ranked Individuals at Sullivan & Cromwell LLP (4)

Germany

Members

Provided by Sullivan & Cromwell LLP

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