Milbank Tweed Hadley & McCloy has scored a huge coup by recruiting Freshfields Bruckhaus Deringer’s global co-head of private equity to open its Munich office.
Peter Nussbaum is expected to join Milbank Tweed in June with corporate partner Norbert Rieger, who also provides tax advice and tax partner Rolph Fuger. Both Rieger and Fuger were made up to partner in 2000.
The Munich office is its third European post, adding to its established London presence and its small office in Frankfurt. The departures leave Freshfields’ Munich office with seven partners. But overall the firm’s German office has 25 private equity partners.
The group lateral ties in with a number of deals the US firm has been conducting out of London and based in Germany, lead by Michael Goroff acting for the likes of Goldman Sachs Capital Partners and Apax.
The move will potentially strengthen its links with private equity house Apax with which Nussbaum has a longstanding relationship.
Last year the firm took on another Freshfields partner, Tim Emmerson, who joined the London office.