International law firm McDermott Will & Emery LLP today announced that it is strengthening its Corporate Advisory practice in Munich with the addition of experienced corporate law attorney Dr. Nikolaus von Jacobs. In his new role, Dr. von Jacobs will lead the Firm’s German private equity activities.

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On November 21, German telecommunications giant Deutsche Telekom AG announced the signing of a definitive agreement to sell a 70 percent stake in Scout24 Holding GmbH, represented by Willkie, to San Francisco-based Hellman & Friedman LLC for €1.5 billion ($2 billion) in cash. Deutsche Telekom will retain a 30 percent stake in the company. The deal values Scout24 at approximately €2 billion. The partial sale of Scout24 is a cornerstone transaction for the online investment strategy pursued by Deutsche Telekom over the past decade. Under Deutsche Telekom’s ownership, Scout24 successfully developed Germany’s leading online classifieds business including the core ImmobilienScout24 and AutoScout24 franchises. Subject to regulatory approvals, the deal is expected to close in the first quart of 2014. Scout24 is one of Europe’s leading groups of companies for online market places. It’s six marketplaces are present in 24 countries.

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Squire Sanders is pleased to announce that it has recruited to its Global Corporate Practice in Shanghai Dr. Benjamin Kroymann from Dentons.  Dr. Kroymann, a German qualified attorney, joins Squire Sanders as a partner together with team members, Furong Ren, as Senior Consultant, and Leon Xu, as Consultant.

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Mayer Brown JSM today announced that it has advised Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)) in relation to its financing of three bidders in making a joint public takeover offer – together with an indirect subsidiary of Aviation Industry Corporation of China, Beijing, China (AVIC), a PRC stated-owned company – for the shares of Frankfurt listed KHD Humboldt Wedag International AG, a German industrial-plant builder. The three separate term loan facilities have a total aggregate amount of EUR197.8 million.

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Morrison & Foerster today officially opened its 17th office, located in central Berlin at One Potsdamer Platz. It is the firm’s first office in Germany and third in Europe.

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The global law firm Jones Day is pleased to announce that Dr. Bojan Savic has joined the Firm’s Munich Office as a partner in its Intellectual Property Practice.

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Global specialist law firm Dechert LLP announced today that Dr. Martin Haisch has joined the firm as a partner in the Frankfurt office. Dr. Haisch was most recently with Linklaters.

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Morrison & Foerster today announced the addition of a market-leading transactional team in Germany. By joining forces with the former Berlin partners of Hogan Lovells, Morrison & Foerster, known for high-profile Technology, Media & Telecommunications (TMT) deals such as the recent acquisition of Sprint by longtime client SoftBank, further strengthens its position as a global leader in TMT transactions. The team consists of nine partners who are currently working with more than 20 associates and counsel. It has a first-tier transactional and regulatory practice in the TMT area as well as highly ranked practices in tax, corporate, M&A, litigation, employment, real estate, privacy and data security as well as antitrust.

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On July 30, German chemicals producer Rockwood Holdings, Inc. announced that it has entered into a definitive agreement to sell its rheology business to ALTANA Group, a German based global specialty chemical company for $635 million (approx. EUR 480 million).  ALTANA Group, which employs 340 people at four production sites in the U.S., Germany and the U.K., produces clay-based additives that are used to modify the flow characteristics of various materials.

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Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has appointed Dr. Torsten Rosenboom as partner in its expanding Frankfurt office, which opened in January 2013.

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