Capital Markets: Debt - Germany
What the team is known for
Gleiss Lutz possesses a dedicated DCM and ECM department across its offices. The ECM team predominantly advises issuers and supervisory boards on IPOs, enjoying longstanding client relationships with an array of German corporates. Additionally, the law firm handles capital increases, rights offerings and delistings. The DCM team is highly active on cross-border high-yield bond issuances and Schuldschein transactions as well as debt and capital measures in restructuring mandates. Gleiss Lutz also assists with convertible bond transactions.
Strengths
"Gleiss Lutz has a strong bench, thus availability of qualified resources is always a given."
"We always receive feedback quickly and are satisfied with the rates and services Gleiss Lutz provides."
"The Gleiss Lutz team is of the highest calibre: the lawyers consistently provide pragmatic, actionable advice on complex matters and are a highly trusted resource for navigating difficult situations."
"They never shy away from taking on complicated questions and have shown the ability to find creative solutions to facilitate our company's pursuit of its business objectives."
"They have a great team on the ground in Germany, and are well connected in other jurisdictions and fun to work with."
Work highlights
Gleiss Lutz advised SLM Solutions on a 10% capital increase and its public takeover by Nikon.
Notable practitioners
Thanks to his expertise in the DCM world, banking consortiums and issuers alike mandate Kai Birke for high-yield bond issuances as well as the restructuring and refinancings of bonds. He is also experienced in transactions involving convertibles and Schuldschein issuances. "Kai Birke is a very good and commercial lawyer who is very constructive and gets things done." "Kai Birke is a safe pair of hands and technically outstanding on debt issuance and restructuring topics."
Stephan Aubel focuses on ECM mandates, often in connection with public takeovers. He regularly assists with the planning and execution of IPOs, capital increases and delistings. Convertible bonds also fall within his area of expertise. "Stephan Aubel is always reachable and provides highly skilled, hands-on advice." "Stephan Aubel is my most trusted adviser on all German corporate and capital markets matters. He is one of the most pragmatic lawyers I have worked with, and is unfailingly pleasant and professional, even under extreme time pressure. I cannot overstate Stephan's value to me as in-house counsel." "He is a senior partner and very experienced capital markets lawyer who is very involved in our matters and gets back to us quickly whenever we have a question."