Milbank Germany

Milbank advises EQT on sale of Melita to Goldman Sachs Alternatives. Melita is a leading digital infrastructure owner and operator in Malta with a fully invested fiber-powered fixed network as well as a nationwide 5G mobile network with its own towers, backhaul and small cell footprint. The transaction is subject to conditions including regulatory approvals. The Milbank team advising EQT Group on the transaction was led by partner Markus Muhs and included partner Lara Watt, James McClymont, Ajal Notowicz and Andrea Hamilton and special counsel David Schwenneker, Andrew Callaghan, as well as associates Janik Klotzsche, Jana Kasakow, and Daniel Carolan. https://lnkd.in/gyz4k8q3

Milbank advised Axel Springer on the sale of its majority stake in finanzen.net, one of Germany's leading finance and capital market news websites. The group also includes neo-broker finanzen.net ZERO and the real-time stock market software for investors, TraderFox. The shares in finanzen.net were acquired by Inflexion together with the founders of finanzen.net, Peter Schille and Jens Ohr. The transaction is still subject to merger and investment control clearances. ? The Milbank team advised Axel Springer, particularly on corporate, tax and antitrust aspects of the transaction. The M&A side of the team included special counsel Andrea Eggenstein (lead), partner Norbert Rieger and associate Lucas Stumpf,?Partner Rolf Füger as well as associate Arne Hammerich advised on tax law aspects and special counsel Moritz Lichtenegger and Jana-Sophie Enders on antitrust law. The team also included partner Thomas Ingenhoven, special counsel Gerrit Merkel Merkel and associate Thomas Vogl.?https://lnkd.in/eXCUsnPp

Milbank advised Allianz X in connection with its participation in a $300 million Series E investment round conducted by Ualá, the Latin American neobank founded in Argentina. Allianz X was the lead investor in the round, which values the company at $2.75 billion on a post-money basis. The investment marks one of the largest growth equity fundraising rounds in Latin America in the past three years as well as Allianz X’s first investment in the region. The Milbank deal team was led by Global Corporate/M&A partners Dr. Sebastian Heim and Francisco Nu?ez along with associates Bianca Prikazsky and Daniel Carolan. The team also included Global Corporate/M&A associate Lucy Reville and international attorney Luis Felipe García Rubio; Corporate Finance and Securities partner Jonathon Jackson and special counsel Gonzalo Guitart; Tax special counsel Andrew Callaghan and associate Jade Du Berry; Antitrust partner Dr. Alexander Rinne and associate Jan Maas; Global Risk & National Security partner Bijan Ganji and associates Brian Murff and Clayton Melton; and Alternative Investments partner Catherine Martin. Read more: https://lnkd.in/eNfyPNhi

Milbank LLP advised an affiliate of Apollo in its capacity as majority shareholder of DEMIRE Deutsche Mittelstand Real Estate AG in connection with the comprehensive financial restructuring of DEMIRE’s unsecured corporate bond (ISIN: DE000ASYPAK1) with an original outstanding principal amount of EUR 499 million, now reduced to 253.71 million. The shareholder-led financial restructuring transaction comprised, inter alia, a partial redemption of DEMIRE’s bonds at par in the aggregate principal amount of EUR 49.9 million, a repurchasing and cancellation of bonds in an aggregate outstanding principal amount of approx. EUR 196.7 million, partially funded by an up to EUR 100m shareholder loan, an extension of the maturity date of the bonds to 31 December 2027 and further comprehensive amendments to the terms and conditions of the bonds. The amendments to the terms and conditions of the bonds were resolved in accordance with the German Bond Act (Schuldverschreibungsgesetz). The Milbank team that advised Apollo on the restructuring, financing, corporate, capital markets and tax aspects of the transaction, was led by partner Dr. Mathias Eisen Eisen (Restructuring, Frankfurt) and included partners Dr. Marlene Ruf Ruf (Restructuring, Munich), Yushan Ng (Restructuring, London), Philipp Kl?ckner (Capital Markets, Frankfurt), Thomas Kleinheisterkamp (Tax, Munich), special counsel Nico Feuerstein (Capital Markets, Munich) as well as associates Alexander Theisen, Dr. Carlo Brunold Brunold, Sebastian Mayr, Jonas Bonn (all Restructuring, Frankfurt), Christian Kolb (Capital Markets, Frankfurt), Dr. Jil Windau, Christoph Wolf (both Tax, Munich), Maximilian Hirschfeld (Corporate, Munich) and Susanne Baier (Finance, Munich). https://lnkd.in/e2f-E9Xn

FidAR Frauen in die Aufsichtsr?te e.V. visits Milbank in Frankfurt: Yesterday, we had the pleasure of hosting the FidAR event “Communication and the Public Image of the Supervisory Board.” Our partner, Philipp Kl?ckner, opened with a keynote that examined the legal framework. Following this, Dr. Kerstin Liehr-Gobbers (Teneo), Petra Müller (Sartorius, DIRK – Deutscher Investor Relations Verband), and Dr. Anke Nestler (FTI Consulting) enriched the discussion by sharing valuable insights and practical experiences. Moderated by Christine G?rtner (FiDAR Rhein-Main), the panel engaged in a lively conversation on the supervisory board's responsibility for communication and its importance in the context of international expectations and ESG priorities. Thanks to Bettina Laurick, regional chair of FidAR Rhein Main, for organising such a successful event! Thanks also to all the speakers and participants for their valuable contributions and inspiring exchanges. Founded in 2006, FidAR is a network of women leaders from business, academia, and politics, committed to significantly and sustainably increasing the proportion of women on German supervisory boards. https://lnkd.in/eFfiMs5c

Milbank advised General Atlantic as lead investor on a USD 500 million series E funding round of Insider. Insider is a leading AI-native omnichannel experience and customer engagement platform. Its software enables marketers and customer experience teams to create highly personalized omnichannel experiences and manage customer engagement from a single platform. The company has more than 1,100 team members across 28 countries worldwide. The international Milbank team advising General Atlantic comprehensively on the transaction was led by partner Dr. Sebastian Heim and included partners Dr. Alexander Rinne, Andrea Hamilton, Matthias Schell, Jacqueline Chan, Nathaniel Browand and Bijan Ganji, special counsels Sebastian Reiner-Pechtl and John Garces as well as associates Sandra Feil, Lea-Marie Weischede, Manuel Bogenreuther, Lucas Stumpf, Marc Wiesner, Marlies Zeck, Wei Sheng Lee, Brian Murff, Abigail King and Dr. Jil Windau.? https://lnkd.in/e3Vpt8R7

Milbank LLP advised capiton AG on the sale of its portfolio company GRITEC TopCo GmbH to Viessmann Generations Group. GRITEC GmbH is Germany’s largest solution provider of turnkey technical buildings and stations for energy-, water- & industrial infrastructure. The Milbank team was led by partner Dr. Martin Erhardt and special counsel Michael Pujol and included partner Thomas Kleinheisterkamp, special counsel Dr. Gerrit Merkel as well as associates Dr. Svenja Tauchmann, Florian Weustenfeld, Dr. Thomas Vogl, Adrian Müller-Achenbach and Jan Maas. https://lnkd.in/dT58BB9p

Germany has enacted over 100 bilateral investment treaties (“BITs”) designed to protect outbound German investment. These BITs usually protect direct shareholders in the underlying investment, as well as indirect (intermediary) shareholders, ultimate beneficial owners, and lenders. But making long-term investments in jurisdictions outside the EU in sectors that are heavily regulated by local and federal governments brings commercial and political risks. Read more in the latest Milbank Insight from Viren Mascarenhas, Tom Canning, Kamel Aitelaj and Peter Edworthy: https://lnkd.in/dSMEuShe