Ashurst LLP > Frankfurt, Germany > Firm Profile
Ashurst LLP Offices
OPERNTURM
BOCKENHEIMER LANDSTRASSE 2-4
60306 FRANKFURT AM MAIN
Germany
Ashurst LLP > The Legal 500 Rankings
Capital markets > Structured finance and securitisation
Ashurst LLP's range of advice reflects the individual focus of practice heads Tobias Krug and Martin Kaiser; Krug often handles hybrid and convertible bonds as well as securitised and OTC derivatives and banking regulatory issues, while Kaiser, as head of the European securitisation team, frequently assists with matters related to the true sale securitisation of loan, lease and trade receivables. Most recently, these have mostly been car loans. Kaiser also handles German and European regulatory issues related to securitisation.Practice head(s):
Tobias Krug; Martin Kaiser
Other key lawyers:
Alexandra Westerhaus
Key clients
Commerzbank
Société Générale
LBBW
LeasePlan
FINN Auto
Barclays
Patrimonium
Deutsche Bank
Goldman Sachs
MEAG MUNICH ERGO AssetManagement GmbH
Work highlights
- Advising Patrimonium Middle Market Debt Fund on the refinancing of Zeitfracht Group.
- Advising BNP Paribas on the first German securitisation of car loans with its German branch Consors.
- Advising Patrimonium Middle Market Debt Funds as lender on financing the acquisition of the Heytex Group by Bencis. The seller is Deutsche Beteiligungs AG.
Industry focus > Artificial Intelligence Tier 3
Ashurst LLP offers longstanding expertise in regulatory, data protection, copyright and liability issues pertaining to AI and is regularly instructed by clients from the financial, insurance and automotive sectors on autonomous driving, aspects of the AI Act and AI use in software development. Practice head Alexander Duisberg is renowned for his expertise across the entire spectrum of IT and data protection law.Practice head(s):
Industry focus > Telecoms Tier 3
Ashurst LLP fields a renowned financing practice and is routinely instructed by banks, financial institutions and asset managers, which the team advises on fibre optic expansion and data center projects. The firm also has an experienced M&A team, where practice head Stephan Hennrich is a key contact; the latter is well versed in digitisation matters, such as passive mobile communications infrastructure. The team strengthened its IP law expertise with the arrival of Roman Brtka, who joined from Bird & Bird LLP in May 2024.Practice head(s):
Other key lawyers:
Testimonials
‘The team was very flexible and able to act very well at short notice.’
‘Derk Opitz is an excellent lawyer who quickly finds pragmatic solutions to complex problems.’
Key clients
1&1 AG
1&1 Mobilfunk GmbH
MEAG MUNICH ERGO Asset Management GmbH
NORD/LB
Raiffeisenbank International
Kommunalkredit Austria
KfW IPEX Bank GmbH
European Investment Bank
ABN-AMRO,
NatWest
ING Bank N.V.
SMBC
Edmond de Rothschild
Work highlights
- Advising 1&1 Mobilfunk GmbH on the conclusion of a binding preliminary agreement for a long-term, exclusive national roaming partnership with Vodafone.
- Advising MEAG MUNICH ERGO AssetManagement GmbH on financing for Meridiam regarding the expansion of several fiber optic networks in Germany.
- Advising the European Investment Bank on the financing of Northern Fiber Holding GmbH.
Banking and finance > Lending and borrowing Tier 3
Ashurst LLP advises a loyal client roster consisting of German and international financial institutions and private debt funds and increasingly acts on behalf of private equity sponsors in connection with acquisition financing. The practice is well versed in expansion matters and refinancing and advises various lenders on restructuring issues and corporate takeover financing. The team is led by Anne Grewlich, who specialises in cross-border leveraged buyouts, and also regularly handles complex transactions with unitranche, mezzanine and high-yield structures.Practice head(s):
Other key lawyers:
Testimonials
‘Good know-how, structured approach, focus on the essentials, good networking.’
Key clients
Ardian Private Debt
Arcmont Asset Management
Ares Management
Bank of Ireland
Barings LLC
BlackRock
Capital Four
Capiton AG
Citibank Europe plc
Commerzbank AG
Credit Suisse/UBS
Credit Suisse & Patrimonium
Deutsche Apotheker- und Ärztebank eG
Deutsche Bank AG
Deutsche Beteiligungs AG
Elvaston Capital Management GmbH
Eurazeo
Grammer AG
H.I.G. Capital
Hayfin
hGears AG
Kartesia
KfW
Landesbank Baden-Württemberg
Norddeutsche Landesbank – Girozentrale
ODDO BHF Private Debt
Paragon Partners
Patrimonium Asset Management AG
Pinova Capital
Raiffeisenlandesbank Oberösterreich Aktiengesellschaft
Rantum Capital
SEB
Silicon Valley Bank
Société Générale
Sparkasse Osnabrück
UniCredit Bank AG
Work highlights
- Advice to certain funds of Arcmont Asset Management and Bank of Ireland by EMZ Partners in the context of financing the acquisition of a majority stake in imes-icore Holding GmbH.
- Advising Ardian on the acquisition of EMVIA Living, one of Germany’s largest nursing home operators, from Chequers, including the restructuring of existing financing.
- Advising Ares on the acquisition of POLO Motorrad und Sportswear, a multi-channel provider of motorcycle clothing, accessories and technology, from Equistone, including the restructuring of existing financing.
Banking and finance > Real estate finance Tier 3
Ashurst LLP supports national and international banks, debt funds, asset managers, insurance companies and project companies in refinancing, restructuring and insolvency-related issues as well as acquisition financing. The team is well versed in restructuring in connection with project developments and regularly advises across the residential, commercial, office, logistics and hotel asset classes. Here, practice head Filip Kurkowski frequently takes the lead; Kurkowski's focus corresponds with the team-wide competencies. He is supported by Derk Opitz, who covers asset and real estate financing, and counsel Alexander Vorndran (project financing).Practice head(s):
Other key lawyers:
Key clients
Samsung SRA Asset Management
Work highlights
- Advising Samsung SRA Asset Management on the refinancing of the Commerzbank Tower in the centre of Frankfurt’s banking district.
Real estate and construction > Real estate Tier 3
Ashurst LLP's real estate practice has recently been focusing on asset management and real estate finance issues, including the refinancing of projects, as well as insolvency and restructuring-related situations and sustainability measures. Practice head Liane Muschter, who also advises regulated funds on portfolio transactions and project developments, is one of the key contacts for financing structures. Nicolas Deuerling (real estate and property law; asset deals and share deals) joined Gowling WLG at the end of 2024.Practice head(s):
Liane Muschter
Other key lawyers:
Christopher Jeschor; Achim Weimer
Testimonials
‘Very efficient, thorough and fast working methods. High level of partner involvement.’
‘Liane Muschter is tireless and always completely on top of things. Very good negotiation skills.’
‘Very strong in advising alternative financiers, even in complex financing structures and restructuring situations; very good networking across practices and offices.’
‘Liane Muschter is an absolute legal expert in the commercial real estate sector and handles discussions in great detail.’
‘In addition to legal expertise, the Ashurst team has great commercial understanding.’
‘Strong representation of the client in negotiations and absolutely reliable.’
‘A strong focus on client needs and innovative solutions. Tailor-made services as well as high levels of expertise and the ability to efficiently handle complex legal challenges.’
‘The individuals I work with demonstrate outstanding expertise and commitment. I particularly value their ability to develop creative solutions to complex challenges.’
Key clients
1&1 Mobilfunk GmbH
Abrdn Investments Deutschland AG
EQT Exeter
HIH Invest Real Estate GmbH
LIP Invest GmbH
Montea NV
Panattoni Germany Properties GmbH
PATRIZIA AG
Patron Capital
P3 Logistic Parks
Samsung SRA Asset Management
Work highlights
- Advising Samsung SRA Asset Management on the refinancing of the Commerzbank Tower.
- Advising Montea NV on the acquisition of buildings as a fictitious component on third-party land (owned by HPA) in the port area of Hamburg by way of a share deal from Tristan Capital.
- Advising HIH Invest Real Estate GmbH on the acquisition of a new logistics building near Hamburg from the real estate developer Panattoni for an open special fund of an institutional investor.
Banking and finance > Investment funds Tier 4
Capital markets > Equity capital markets Tier 4
Corporate and M&A > Corporate Tier 4
In addition to leading German companies, Ashurst LLP advises banks and financial services providers on changes of legal form, including SE conversions, shareholding acquisitions and board issues. When former practice head Benedikt von Schorlemer (M&A, PE and joint ventures) joined McDermott Will & Emery Rechtsanwälte Steuerberater LLP in April 2024, Florian Drinhausen took over the practice lead; he covers the entire spectrum of corporate issues and frequently advises listed companies and financial sector players. In March 2024, the team was strengthened by the arrival of Stefan Bruder (Public M&A, Private M&A) from Clifford Chance and Marina Arntzen (ESG, transactions) from Norton Rose Fulbright.Practice head(s):
Florian Drinhausen
Other key lawyers:
Stefan Bruder; Marina Arntzen; Volker Germann; Astrid Keinath
Testimonials
‘Practical orientation, fast and usable deliveries, speed of response and excellent team leadership.’
‘Florian Drinhausen: Combination of high legal expertise with know-how about internal bank proceedings, structures and needs. He also understands the role of the internal General Counsel excellently and works to provide him with the best possible support.’
‘Florian Drinhausen: Impresses not only with his expertise in corporate law but also with his many years of in-house experience. He is therefore able to put himself in the shoes of his clients. The advice is therefore easy to implement. Astrid Keinath: Impresses with her enormous reliability. Very pleasant to talk to.’
‘The successful integration of experienced in-house lawyers into the practice creates high-quality advice, especially with regard to its feasibility.’
‘Good international setup, result-oriented, good team work.’
‘The team is very knowledgeable, pragmatic and very responsive.’
‘Solid and thorough; careful lawyers.’
‘Volker German: Calm and careful; fast and precise.’
Key clients
1&1
Commerzbank AG
European Bank for Financial Services GmbH (ebase)
Grammer AG
Northern Data AG
Robert Bosch GmbH
Siemens Energy
Unaric
VERBIO Vereinigte BioEnergie AG
Work highlights
- Advising Commerzbank AG on the acquisition of 74.9% of shares in Aquila Capital Investmentgesellschaft GmbH (ACI) from Aquila Capital Holding GmbH and the resulting joint venture.
- Advising Northern Data AG on the conclusion of an investment agreement for the acquisition of a stake in Damoon Designated Activity Company.
- Advising Robert Bosch GmbH on the dissolution of the Advanced Driver Information Technology (ADIT) joint venture with DENSO Corporation with business activities in Japan and Germany through the sale of respective mutual shareholdings.
Restructuring and insolvency > Restructuring Tier 4
Capital markets > Debt capital markets Tier 5
Ashurst LLP's Global Markets practice particularly offers banks a wide range of expertise in structured finance, including regulatory experience. Most recently, the practice advised on basic and registered bond programs as well as on the refinancing of bonds. The team is led by Tobias Krug (structured finance and banking regulatory law) and Martin Kaiser (securitisation).Practice head(s):
Tobias Krug; Martin Kaiser
Key clients
Commerzbank
Société Générale
LBBW
LeasePlan
FINN Auto
Barclays
Patrimonium
Deutsche Bank
Jefferies
MEAG MUNICH ERGO AssetManagement GmbH
Corporate and M&A > M&A Tier 5
Dispute resolution > Arbitration (including international arbitration) Tier 5
Ashurst LLP represents clients in domestic and international commercial arbitration proceedings and conducts proceedings under arbitration rules of all major arbitration institutions. Since May 2024, the global international arbitration practice group has been headed by Arne Fuchs, an experienced arbitrator and party representative with particular expertise in complex international disputes. Fuchs also heads the German arbitration practice together with Nicolas Nohlen, who regularly handles complex litigation before state courts, arbitration proceedings and out-of-court dispute resolution.Practice head(s):
Arne Fuchs; Nicolas Nohlen
Testimonials
‘Ashurst LLP’s lawyers are attentive to their clients’ wishes and needs and have a very good feel for the practical management of arbitration proceedings. They are also excellent at developing defence strategies, both on substantive and procedural issues.’
‘Many questions arose during our cooperation in investment arbitration and the Ashurst team led by Arne Fuchs was always well prepared and efficiently resolved all questions that arose.’
‘I was particularly impressed by one partner, Arne Fuchs. His legal skills are outstanding. He has a solid understanding of both international law and international arbitration. He is very thorough and professional, particularly in preparing the client’s written submissions.’
‘Arne Fuchs is a very dedicated and determined practitioner, able to react quickly to all kinds of developments during arbitration proceedings. He is able to lead oral proceedings and has a high level of communication skills both with arbitrators and the opposing counsel.’
Key clients
HeidelbergMaterials AG
HeidelbergMaterials France SAS
Italcementi SPA
Ciments Francais SAS
Republik Nordmazedonien
DAX-Unternehmen
Work highlights
- Representing HeidelbergMaterials AG and its French and Italian subsidiaries in an ICSID arbitration against the Arab Republic of Egypt in connection with investments in the cement industry (ICSID Case No. ARB/21/50).
- Representing the Republic of North Macedonia in an investment arbitration involving a foreign investor.
Information technology > Data protection Tier 5
Ashurst LLP is well versed in advising on data-driven business models and service offerings. Further mainstays include the support in current legislation matters and international data transfers. Andreas Mauroschat heads the data protection practice, which acts integrated into the firm's Digital Economy Group led by Alexander Duisberg (IT and data law). Roman Brtka (IP law) joined the group from Bird & Bird LLP in May 2024.Practice head(s):
Testimonials
‘Alexander Duisberg has outstanding expertise in the field of data protection.’
‘Andreas Mauroschat, patient, competent and thorough.’
Key clients
AVEVA Group PLC
Castlelake L.P.
Catena-X
Credit Suisse (Switzerland) Ltd.
CEER
Citigroup
Commonwealth Bank of Australia (CBA)
Daiwa Capital Markets Deutschland GmbH
Fresenius Kabi
GEA Farm Technologies GmbH
GEA Group AG
Holcim Group Services Ltd.
Jefferies GmbH
Kuwait Petroleum International
Markit Group Ltd.
McLaren
OnVista
Swiss Krono Holding AG
The Capital Markets Group
Xiaomi Inc.
Work highlights
- Advising Catena-X on the operational implementation of the CATENA-X data room, including corresponding alignment with Gaia-X.
- Advising GEA Group AG on various data protection projects, including outsourcing of data processes, implementation of a cloud-based application and the Data Act.
- Advising McLaren on data law regarding vehicle data and Data Act.
Private equity > Transactions Tier 5
Ashurst LLP focuses on supporting strategic investors in traditional PE transactions across the mid-cap segment, including equity investments, debt funds, distressed M&A and minority investments. Florian Drinhausen took over the management of the German corporate practice following the departure of Benedikt von Schorlemer (cross-border transactions in the renewable energy and infrastructure sectors) to McDermott Will & Emery Rechtsanwälte Steuerberater LLP in April 2024.Practice head(s):
Other key lawyers:
Key clients
Ardian
Ares Management
Balyo S.A.
Colibri Energy GmbH
Unaric Holding Ltd.
Work highlights
- Advising Ardian on the acquisition of EMVIA Living from Chequers.
- Advising Ares Management on the acquisition of POLO Motorrad and Sportswear from Equistone.
Information technology > Information technology and digitalisation
Ashurst LLP > Firm Profile
Ashurst is a leading global law firm with over 500 partners and a further 2,000 lawyers working across 11 different time zones. The firm’s in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law.
Ashurst has 31 offices in 18 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering integrated solutions that provide strategic value for clients.
The firm’s people are its greatest asset and bring together global teams of experts across legal, risk consulting and NewLaw to deliver end-to-end solutions and provide the incisive advice clients need. Our focus is on getting to the heart of clients’ commercial goals and on striving to go beyond matters of the law to deliver practical, holistic solutions.
Ashurst Risk Advisory is law firm Ashurst’s consultancy business. Launched in Australia in 2020 and expanded into the UK in 2022, the 100 strong team of highly experienced, specialist risk consultants, provide integrated and holistic solutions to clients navigating the complexities of conducting businesses globally.
With offerings aligned to financial services regulation, workplace health and safety, ESG and sustainability, data and analytics and cyber and strategic risk, the global team help to guide clients through their most important opportunities and challenges.
Lawyer Profiles
Photo | Name | Position | Profile |
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Frau Anne Grewlich | Partner | View Profile |
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Stephan Hennrich | Partner | View Profile |
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Dr Martin Kaiser | Partner | View Profile |
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Dr Tobias Krug | Partner | View Profile |
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Filip Kurkowski | Partner | View Profile |
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Dr Andreas Mauroschat | Partner | View Profile |
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Dr Jur Liane Muschter | Partner | View Profile |
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Mr Derk Opitz | Partner | View Profile |
Comparative Guides
-
EU: Class Actions
Published: June 2024
Authors: Sarah–Jane DobsonLouise Forrest
This country-specific Q&A provides an overview of Class Actions laws and regulations applicable in EU.
-
Germany: Enforcement of Judgments in Civil and Commercial Matters
Published: September 2024
Authors: Dr. Nicolas Nohlen LL.M. (Yale)Dr. Judith Sawang LL.M. (Auckland)Arne Fuchs LL.M. (GWU)Tilmann Hertel LL.M. (Univ. of Edinburgh)
This country-specific Q&A provides an overview of Enforcement of Judgments in Civil and Commercial Matters laws and regulations applicable in Germany.
- Capital markets > Structured finance and securitisation
Top Tier Firm Rankings
- Industry focus > Artificial Intelligence
- Industry focus > Telecoms
- Banking and finance > Lending and borrowing
- Banking and finance > Real estate finance
- Real estate and construction > Real estate
Firm Rankings
- Banking and finance > Investment funds
- Capital markets > Equity capital markets
- Corporate and M&A > Corporate
- Restructuring and insolvency > Restructuring