Holger Alfes, LLM
Lawyer, attorney and counselor at law (New York), Partner
Capital Markets
Dr Holger Alfes is partner in the corporate group in the Frankfurt office. For many years he was co-head of Noerr's Capital Markets practice group. His practice focuses on capital markets, M&A and financing transactions as well as group reorganisations and ongoing corporate law advice. Holger regularly advises on complex, cross-border M&A transactions both in the area of public takeovers and transactions with non-listed companies.
Projects
- artnet AG
Advising artnet AG on the takeover and delisting offer by Beowolff Capital (2025). - Bufab AB
Advising Swedish Bufab Group on the acquisition of novia Group from Family Trust (2025). - Mutares SE & Co. KGaA
Advising Mutares SE & Co. KGaA on its exit from Steyr Motors AG (2025). - TAG Immobilien AG
Advising TAG Immobilien AG on its €185 million cash capital increase and acquisition of real estate portfolio (2025). - Fresenius Medical Care AG
Advising Fresenius Medical Care on the update of its € 10 billion EMTN program and the issuance of bonds with a volume of € 1.1 billion (2025). - Investment AB Latour
Advising Swedish Investment AB Latour on acquisition of air handling unit manufacturer Howatherm (2024). - Formycon AG
Advising Formycon AG on uplisting to the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange (2024). - Fresenius Medical Care AG
Advising Fresenius Medical Care on its change of legal form from a partnership limited by shares (KGaA) to a stock corporation (AG) (2023/2024). - SAF-HOLLAND SE
Advising SAF-HOLLAND SE on the the €300 million takeover offer for Swedish Haldex AB (2022). - Deutsche Industrie REIT-AG
Advising Deutsche Industrie REIT-AG on the €800 million delisting takeover offer by Dutch CTP N.V. and subsequent cross-border merger (2021/2022). - Wirecard
Advising the insolvency administrator on the global divestitures of Wirecard entities, such as the sale of the Brazilian, South African and Asian subsidiaries (2020-2022). - Embaré
Advising the German shareholders of Brazilian family-owned dairy producer Embaré on establishing a joint venture with Brazilian competitor Betania (2021). - Borussia Dortmund GmbH & Co. KGaA
Advising Borussia Dortmund GmbH & Co. KGaA on a €86.5 million rights issue (2021). - DEMIRE Deutsche Mittelstand Real Estate AG
Advising DEMIRE Deutsche Mittelstand Real Estate AG on the joint acquisition of the Frankfurt office building complex Cielo (together with RFR) with a transaction volume of €270 million (2021). - Fresenius Medical Care AG
Advising Fresenius Medical Care on several benchmark bond issues in € and US$ (2020/2021). - Federal Republic of Germany - Finanzagentur GmbH
Advising Federal Republic of Germany - Finance Agency GmbH in the preparation of the model documentation for the Economic Stabilisation Fund (ESF) (2020). - DFV Deutsche Familienversicherung AG
Advising DFV Deutsche Familienversicherung AG on a €32.4 million capital increase (2020). - Apollo Global Management
Advising Apollo Global Management on the sale of pan-European logistics portfolio Maximus to Singapore government funds GIC for €950 million (2020). - SAF-HOLLAND SE
Advising SAF-HOLLAND SE on its change of legal form and migration from Luxembourg to Germany as well as various international M&A transactions (2020). - Hassia Group
Advising the beverage manufacturer Hassia Group on the acquisition of the group of Wüllner’s Mineral Springs (2020). - Thomas Cook
Advising the insolvency administrator on the international divestitures of Thomas Cook entities (2019/2020).
Distinctions
- Frequently recommended for “Capital Markets (ECM/DCM)”, “M&A” and “Corporate” in JUVE Handbook (2025/2026)
- Ranked by the magazine Wirtschaftswoche (edition 22 April 2022) among the notably recommended lawyers for capital markets law in Germany
- Leading expert in capital markets law, Best Lawyers in Germany (2016)
- Ranked by the magazine Wirtschaftswoche (edition 17 July 2010) among the top 25 lawyers for stock corporation law in Germany
Career
Legal studies and doctorate degree at the University of Münster
Postgraduate Master of Laws (LL.M.) programme at Case Western Reserve University, Cleveland (Ohio, USA)
Attorney-at-law (New York) at US law firms in Cleveland (Ohio) and Frankfurt/Main
At Noerr since 1999
Admitted to the Frankfurt Chamber of Lawyers.
Memberships
- New York Bar Association
Publications
- Letter of Intent and Non-Disclosure Agreement, Beck'sche Online-Formulare, Hans-Frieder Krauß and Stefan Weise (eds), edited quarterly since 2007
- Notes on Annex I Commission Delegated Regulation (EU) 2019/980 (with Dr Laurenz Wieneke) and Art. 16, 24-26 and 28 EU-ProspVO (EU Prospectus Regulation), Holzborn (ed.), EU-ProspVO/WpPG (Securities Prospectus Act), 3rd edition 2024
- Notes on sections 793 to 808 German Civil Code, Herberger/Martinek/Rüßmann et al., jurisPK-BGB, 10th edition 2022
- Hybride Finanzierungen, Rottke/Goepfert/Hamberger, Immobilienwirtschaftslehre – Recht, 1st edition 2016
- Haftungsfragen der Debt Relations (with Dr Christian Hartig), Hasler, Launer, Wilhelm (eds), Praxishandbuch Debt Relations, 2013
- Debt-to-Equity Swap as Restructuring Instrument, Unternehmeredition Restrukturierung 2011, 6/2011
- Fairness Opinions, Going Public, 10/2010
- Investitionen in den Fußball – Dabei sein ist alles (with Dr Sebastian Janka), Going Public, 3/2010
- Attorney-Client Privilege of In-house Counsel, Heidelberg 1999
Well
informed
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