Dr Stephan Schulz

Rechtsanwalt (Lawyer)
Partner
Practice Group: Capital Markets

Stephan Schulz is a partner and member of Noerr’s Capital Markets team based in our Hamburg office. Stephan focuses on issuances of equity securities (IPOs, rights issues and private placements) and public takeovers. He also provides listed companies, issuers, asset managers, financial institutions and investors with ongoing advice on matters involving German and European equity and capital markets law.

Stephan publishes regularly on equity and capital markets topics.

Expertise

  • Stock corporation law
  • Equity capital markets transactions
  • Public takeovers
  • Mergers & Acquisitions

Career

  • Studied law and economics at the University of Greifswald
  • Research visit at the University of Michigan School of Law (USA)
  • Training seat with an international law firm in New York City (USA)
  • Experience as a lawyer at a major international law firm in Hamburg
  • Secondment to an international law firm in Stockholm (Sweden)
  • At Noerr since 2013
  • Admitted to the Hamburg Chamber of Lawyers

Selected Projects

  • Hauck & Aufhäuser and fashionette AG on their IPO (2020)
  • COMMERZBANK and ODDO BHF on the IPO of Compleo Charging Solutions AG (2020)
  • TAG Immobilien AG on their placement of a convertible bond in the amount of 470 million euro and on a buyback offer for existing convertible bonds (2020)
  • Softline Group (Russia) on the acquisition of a majority stake in Softline AG (2020/21)
  • M.M. Warburg as issuing bank for various capital markets transactions (2018 to 2021)
  • Lotto24 as target company of the public takeover offer (exchange offer) by Zeal Network SE (UK) (2018)
  • J.C. Flowers LLC as member of a bidder group for the acquisition of HSH Nordbank AG (2018)
  • ShangGong Group (China) as major shareholder in the squeeze out procedure by Dürkopp Adler AG (2018)
  • Schaltbau Holding AG on a capital increase with subscription rights (2017/2018)
  • DiaSorin on its acquisition of the international micro-titre based ELISA immunodi-agnostic business portfolio from SIEMENS Healtineers (2017)
  • Main shareholder of Frankfurt-listed Austrian company BDI Bio-Energy International AG on the company’s delisting (2016)
  • Isaria Wohnbau AG on its capital increase and subsequent delisting (2016)
  • trivago on its IPO on NASDAQ New York (2016)
  • Oddo Seydler Bank and Oddo & Cie. on the issuance of a corporate bond by Adler Real Estate AG in the amount of 300 million euro (2015)
  • Close Brothers Seydler Bank AG on a capital increase with subscription rights by Borussia Dortmund GmbH & Co. KGaA (2014)
  • Analytik Jena AG on a rights issue (2013), as target company of a mandatory offer by Endress+Hauser (2013), its squeeze out of minority shareholders (2015), its change of legal form into a GmbH (2020) and various M&A transactions

Selected Publications

  • § 12: Grenzüberschreitende Kapitalmarkttransaktionen und § 13: Internationales Kapitalmarktrecht, Göthel (ed.), Grenzüberschreitende M&A-Transaktionen, 5th edition 2020, pp. 445 - 546
  • "Verschmelzungsrechtlicher Squeeze-out Revisited – Aktuelle Praxisfragen", in: AG 2020, pp. 729 - 740 (with Jan Hoffmann Linhard)
  • Neue Schwellenwerte für Wertpapierprospekte , NZG 2018, pp. 921 - 927
  • Aktienemissionen nach der Europäischen Prospektverordnung, WM 2018, pp. 212 – 220
  • Delisting ausländischer Emittenten, NZG 2017, pp. 449 – 455 (with Laurenz Wieneke)
  • Durchführung eines Delistings – Gesellschafts- und kapitalmarktrechtliche Pflichten von Vorstand und Aufsichtsrat der Gesellschaft (with Laurenz Wieneke), Die Aktiengesellschaft 2016, pp. 809 - 819
  • Die Reform des Europäischen Prospektrechts – Eine Analyse der geplanten Prospektverordnung und ihrer Praxisauswirkungen, WM 2016, pp. 1417 - 1425
  • Informelle Abstimmungen mit dem Handelsregister, Neue Juristische Wochenschrift 2016, pp. 1483 et seq.
  • Zweifelsfragen der neuen Regelungen über die Geschlechterquote im Aufsichtsrat und die Zielgrößen für die Frauenbeteiligung (with Christian Ruf), Betriebs-Berater 2015, pp. 1155 et seq.
  • Strategien zum Umgang mit eigenen Anteilen bei der Vorbereitung eines Börsengangs, ZIP 2015, pp. 510 - 517
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Media

  • Recommended lawyer for equity capital markets, Legal 500 (2021) ("profound expertise, extremely service-oriented, extremely pleasant way of handling mandates.")
  • Recommended as leading capital markets lawyer, Best Lawyers in Germany 2021
  • Recommended as "notable practitioner" of capital markets law, IFLR 1000