Noerr advises Keolis Deutschland on restructuring


With an interdisciplinary team led by the partners Martin Kleinschmidt and Thomas Hoffmann, Noerr and Noerr Consulting AG have provided rail transport company Keolis Deutschland GmbH & Co. KG with legal and management consulting advice on the company’s restructuring.

Keolis Deutschland, French parent company Keolis S.A. and the public transport authorities Nahverkehr Westfalen-Lippe (NWL), Verkehrsverbund Rhein Ruhr (VRR), Landesnahverkehrs-gesellschaft Niedersachsen (LNVG) and Provincie Overijssel have agreed on a revision of the existing transport contracts.

On 1 January 2022, the well-known brand name eurobahn will become the company name, which means that Keolis Deutschland GmbH & Co. KG will then be called eurobahn GmbH & Co. KG. Following the exit of Keolis S.A. on 31 December 2021, eurobahn will have a new shareholder structure.

With effect from 1 January 2022, Noerr’s subsidiary TEAM Treuhand GmbH will become the new shareholder of eurobahn via a subsidiary, SG eurobahn UG (haftungsbeschränkt). TEAM Treuhand GmbH regularly takes over shareholder positions in companies undergoing transition phases.

The goal is to work with the management and business partners of eurobahn to position the company for the future, to ensure stability and capacity, while at the same time establishing economic viability in order to set the course for a new, strategic investor in the future.

Advisors to Keolis Deutschland/TEAM Treuhand: Noerr Partnerschaftsgesellschaft mbB, Noerr AG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Noerr Consulting AG

Team lead: Dr Martin Kleinschmitt (Noerr Consulting, Berlin), Dr Thomas Hoffmann (Restructuring & Insolvency, Frankfurt)


Noerr Partnerschaftsgesellschaft mbB

Restructuring & Insolvency
Dr Andrea Braun, Sabrina Lux (Frankfurt)

Georg Edelmann, Dr Michaela Engel, Elisabeth Dworschak, Susanne Sopart (Munich)

Antitrust & Competition
Dr Kathrin Westermann (Berlin)


Noerr AG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft
Oliver Schließer, Susanne Carolin Sobart (Munich)


Noerr Consulting AG
Dr Martin Kleinschmitt, Stephanie Freese Antunes (Berlin)


TEAM Treuhand
Dr Thomas Hoffmann (Frankfurt)

PR team

Restructuring & Insolvency
Antitrust & Competition