Germany: M&A/Private Equity

Shareholder loans serve as vital financing tools for German Mittelstand companies, but they can trigger insolvency obligations when financial difficulties arise. A qualified subordination (qualifizierter Rangrücktritt) offers a solution by converting these loans into liable capital, yet the Federal Court of Justice has established strict substantive requirements that must be met to achieve the desired legal and tax effects.

The European Commission has published draft revised merger guidelines that fundamentally reshape the EU merger control framework to address digital markets, innovation competition, and sustainability considerations.

The German insurance market, with €1.9 trillion in assets, represents one of Europe's largest pools of institutional capital, with allocations to alternative investments growing from 23% to 30% over the past two years.

Oppenhoff setzt seinen Expansionskurs fort und eröffnet zum 1. Mai 2026 einen weiteren Standort in München.

Discover the latest insights into a European automotive supply chain at a critical turning point. The metaphor of the "eternal patient" has never felt more fitting: distressed suppliers are repeatedly revived through...

The latest edition of A&M Valuation Insights – German vs. European Banks reveals a favorable turn in market dynamics: rate cuts and resilient stress test outcomes are lifting bank equities...

On October 8, 2024, the EU Council adopted the Listing Act – a regulation amending, among other things, the Prospectus Regulation (EU) 2017/1129.

Our review of the European Commission's current approach to merger enforcement in chemical, steel and other basic industries—and thoughts on how to plan transactions accordingly.

On 7 May 2025, the European Securities and Markets Authority (ESMA) published its Final Report on, among other things, technical advice concerning EU Market Abuse Regulation...