Hengeler Mueller advises Cerberus on privatisation of HSH Nordbank

30. November 2018

Hengeler Mueller advised on the privatisation of HSH Nordbank. Since November 28, 2018, the new shareholders are funds affiliated with Cerberus Capital Management, J.C. Flowers & Co., GoldenTree Asset Management and Centaurus Capital as well as BAWAG P.S.K. Previously controlled by the federal states of Hamburg and Schleswig-Holstein, the acquisition of the bank constitutes the first privatisation of a German Landesbank.

Hengeler Mueller acts as counsel to Cerberus Capital Management on the transaction. The team consists of partners Dirk Bliesener, Johannes Adolff (both Banking and Corporate/M&A)‎, Lucina Berger (Corporate) and Christian Hoefs (Employment), counsel Christian Häußer (Employment) as well as associates Jan Letto Steffen (Banking), Caspar Schmelzer (Corporate/M&A), Caspar Haarmann (Corporate/M&A) and Maximilian Alter (Banking) (all Frankfurt).