Capital Markets

Our capital markets team has been successfully advising issuers, banks and shareholders on the entire range of capital markets law for decades now.

Regen Stadt
interdisciplinary professionals
JUVE “Law Firm of the Year for Banking and Finance” 2021
In the complex interplay between international regulation and the increasing dynamism of the capital markets, we offer you individual advice, technical excellence and profound market knowledge – ranging from issues of shares and bonds to the implementation of innovative domestic and cross-border transactions. Benefit from our award-winning experience in advising on ground-breaking and complex transactions and the cooperation between our advisors across our offices and practice groups, tailored to suit your needs, in Germany, Europe and worldwide.

Our services

  • IPOs and other public offerings, including listings and spin-offs/carve-outs
  • Capital increases
  • Secondary placements, block trades and treasury share buybacks
  • Dual- and triple-track transactions
  • US private placements
  • Public takeovers and taking-private transactions, including subsequent structural measures (e.g. profit and loss transfer and domination agreements, delistings and squeeze-outs)
  • (De-)SPAC transactions
  • Post-admission obligations
  • Regulatory advice involving capital markets matters (MiFID II)
  • Bank and corporate bonds, including ESG-linked products (green bonds)
  • Convertible and exchangeable bonds
  • EMTN and CP programmes and structured investment products
  • Hybrid equity instruments for banks, insurance companies and corporates (including regulatory requirements)
  • High-yield bonds, private placements and Nordic bonds
  • Buying back, exchanging and restructuring debt securities (liability management)
  • Promissory note loans
  • Digital securities and initial coin/token offerings
  • Crowdfunding and investments, including registered bonds
  • Regulatory advice involving capital markets matters, especially the aspects related to financial markets regulations

Selected projects

  • Bank of Communications
    Advising on setting up and updating a certificate of deposit programme
    Advising MDAX-listed BEFESA S.A. on the acquisition of US company American Zinc Recycling Corp. and the placement of new shares with institutional investors for financing the acquisition (total value approximately €1 billion)
  • Borussia Dortmund GmbH & Co. KGaA
    Advising on various rights issues
  • Federal Republic of Germany - Finanzagentur GmbH
    Advising the Federal Republic of Germany’s finance agency on the preparation of model documentation for all COVID-19 stabilisation measures under the Stabilisation Fund Act and the Economic Stabilisation Acceleration Act (recapitalisation measures)
    Advising on the agreement with Convergenta to simplify the corporate structure of Media-MarktSaturn, including on a contribution in kind and issuance of convertible bonds and in shareholder disputes (value €815 million)
  • Compleo Charging Solutions AG
    Advising on the company’s IPO on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on further capital increases and secondary placements
  • DFV Deutsche Familienversicherung AG
    Advising the first European insurtech on the IPO to the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on a capital increase
  • Deutsche Industrie REIT-AG
    Advising the real estate company on its IPO and various equity and debt measures as well as the voluntary takeover and delisting offer by Dutch CTP N.V. as well as the first cross-border merger of a German public company with a Dutch N.V.
  • Deutsche Konsum REIT-AG
    Advising on the IPO and various equity and debt measures
  • ETC Issuance GmbH/Iconic Funds BTC ETN GmbH
    Advising the issuing bank on the admission of bitcoin-secured debt instruments with a value of up to €9 billion to trading on the regulated market of the Frankfurt Stock Exchange
  • fashionette AG
    Advising on the IPO on the Frankfurt Stock Exchange (Scale-Segment)
  • Fresenius Medical Care AG & Co. KGaA
    Advising on setting up and updating an EMTN programme (value of up to €10 billion), CP programme (value of up to €1.5 billion) and on issues of bonds denominated in euros and dollars as well as ESG-linked leveraged financing (value €2 billion)
  • HelloFresh SE
    Advising on the meal kit company’s IPO, its acquisition of foreign companies against a contribution in kind as well as various stock option plans and a capital increase from authorised capital following the exercise of stock options by founders, board members and employees
  • Hertha BSC GmbH & Co. KGaA
    Advising the football club on various equity and debt capital measures (including Nordic bond) and the entry of a strategic investor
  • Jumia Technologies AG
    Advising Africa’s largest E-commerce provider on its IPO on the NYSE
  • Kering S.A.
    Advising on the reduction of the company’s shareholding in PUMA S.E. by means of a cross-border dividend-in-kind and a secondary placement of further PUMA shares as part of an accelerated book building process with a total value of more than €4.5 billion
  • Mutares SE & Co. KGaA
    Advising on a rights issue and uplisting to the regulated market (Prime Standard) of the Frankfurt Stock Exchange as well as on the placement and increase of a secured bond (Nordic bond)
  • RIB Software SE
    Advising on RIB Software’s IPO, various capital increases and on the takeover offer by the French Schneider Electric SE and a subsequent squeeze-out under stock corporation law with a total value of more than €1.4 billion
    Advising on the company’s change in legal form and cross-border relocation of its registered office, various equity and debt capital measures and the public takeover of the Swedish Haldex Group
  • TAG Immobilien AG
    Advising the real estate company on a rights issue worth €202 million, private placement in an accelerated ABB process and regarding the issue and repurchase of various convertible corporate bonds worth over €1.2 billion
  • TUI AG
    Advising the Federal Republic of Germany – Finance Agency on the coordination of a stabilisation and financing package for TUI AG worth some €1.8 billion, including a rights issue and a warrant issue
  • Veganz Group AG
    Advising the corporation and the underwriting syndicate banks on the company’s IPO on the Frankfurt Stock Exchange (Scale segment)

Extremely service oriented, extremely deep understanding of not only legal issues, but also capital markets context.

Client in Legal 500 Germany, 2021

The DCM practice has established itself as an advisor on high-volume bond issues

JUVE, 2021/2022


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