Noerr advises Flowers on acquisition of HSH Nordbank

Noerr has advised J. C. Flowers & Co. on the acquisition of shares in HSH Nordbank as lead counsel. The certain funds advised by the US private equity firm are acquiring the bank along with the financial investor Cerberus Capital Management as independent investors. Further investors are the investment companies Golden Tree and Centaurus Capital as well as the Austrian Bawag P.S.K.

In this transaction J.C. Flowers & Co. relied on the advice provided by Noerr and a team led by Volker Land, co-head of Noerr’s Hamburg office and a financial institutions M&A specialist. The firm’s team advised J.C. Flowers & Co. comprehensively, both during the bid process and on the contract negotiations. As lead counsel, Noerr was also in charge of the overall coordination of the deal.

The closing of the deal is still subject to certain conditions being met. The State Parliaments of Hamburg and Schleswig-Holstein, the EU Commission and the European Banking Authority, for example, still have to give their approval.

Advisors to J.C. Flowers & Co.: Noerr LLP

Dr Volker Land (team lead, Corporate/M&A), Dr Stephan Schulz (Capital Markets, both Hamburg), Dr Jens H. Kunz (Financial Regulatory, Frankfurt), Robert Korndörfer (Corporate/M&A, London), Dr Felix Muhl (Commercial, Hamburg), Barbara Kusak (Corporate/M&A, Prague), Dr Thomas Schulz, (Corporate/M&A, London), Jessica Hallermayer (Capital Markets, Hamburg), Helge Heinrich (State Aid/Antitrust, Brussels), Tillmann Hecht (Employment & Pensions), Professor Joachim Schrey (IT & Outsourcing), Dr Matthias Geurts, Dr Torsten Fett (both Financial Regulatory, all Frankfurt), Professor Kai-Michael Hingst (Financial Regulatory, Hamburg), Dr Andreas Butz (Employment & Pensions), David Zafra Carallo (Real Estate, both Düsseldorf)

Associates: Dr Sarah Götze (lead associate, Corporate/M&A), Michaela Sokolowski (Commercial), Dr Stephan Vielmeier (Employment & Pensions, all Hamburg), Dr Benjamin Jahn (Employment & Pensions), Sarah Blazek (State Aid/Antitrust, both Munich), Dr Andreas Bange (Financial Regulatory, Frankfurt), Sebastian Diehl (London), Johannes Feddersen (Düsseldorf), Johannes Pfeiffer (Munich), Bianca Sterly (Düsseldorf, all Corporate/M&A)