Noerr advises Rothschild & Co on the acquisition of the Hamburg-based private bank Marcard, Stein & Co from M.M. Warburg & CO

Noerr, with a team led by Dominik Rompza, Karl-Alexander Neumann and Meret Pettirsch, advised Rothschild & Co on the acquisition of the Hamburg-based private bank Marcard, Stein & Co. The seller is M.M. Warburg & CO.

This transaction demonstrates Rothschild & Co’s continued commitment to its German wealth management business in a strategically important market to the Group. As part of the acquisition, Rothschild & Co will obtain a German banking license. This represents a key milestone in the transformation of its business model in Germany towards a fully-fledged banking platform, which will provide the foundation for efficiently implementing the planned expansion of its service offering for clients. At the same time, Rothschild & Co aims to further enhance its profile as a key player in the German wealth management market.

The completion of the transaction is subject to regulatory approvals.

Noerr is one of the leading law firms specialising in financial institutions M&A and regularly advises on international transactions in the financial sector.

Advisors Rothschild & Co: Noerr

Lead: Dominik Rompza (partner, M&A, Frankfurt), Karl-Alexander Neumann (partner, Financial Services Regulation, Hamburg), Meret Pettirsch (senior associate, M&A, Dusseldorf)

M&A/Corporate: Laurenz Wieneke (partner), Julian Lemor (of counsel), Philip Schmoll (associated partner), Jannik Duttlinger (senior associate, all Frankfurt)

Financial Services Regulation: Serkan Boekhoff (associate), Benjamin Schmerker (associate, both Hamburg)

IT/Data Protection: Torsten Kraul (partner), Pascal Schumacher (partner), Marvin Bartels (senior associate, all Berlin)

Employment & Pensions: Boris Blunck (partner), Daniela Reinhardt (senior associate, both Frankfurt)

IP: Christoph Rieken (partner), Katja Steinthaler (associated partner, both Munich)

Real Estate: Tim Behrens (partner), Philipp König (senior associate, both Frankfurt)

Antitrust & Competition: Fabian Badtke (partner), Lorenz Jarass (associated partner, both Frankfurt), Stefanie Gschossmann (senior associate, Munich), Paula Link (senior associate, Frankfurt)

Tax: Andre Happel (partner), Thomas Renner (senior Associate), Alena Proschinger (associate, all Frankfurt)