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Nabarro Nathanson's German ally Gassner Stockmann & Kollegen is taking on the chairman of the board of the Stuttgart stock exchange to set up an office in Stuttgart
Peter Ladwig has expertise in capital markets law, M&A and equity financing and the Stuttgart office will initially focus on these areas. Ladwig is well connected in Stuttgart. Before chairing the board of the Stuttgart stock exchange he was in private practice, where he advised on a number of flotations including Brokat, Rational, USU and Bäurer. He also advised on the restructuring of Dinkelacker. Gassner is already active in the Stuttgart area, but it plans to build up a significant presence in all of Germany's financial centres. It has strong practices in both Frankfurt and Hamburg, and Stuttgart will give it a third presence. Gassner senior partner Rainer Stockmann said that Ladwig will strengthen the firm's equity capital markets practice and will complement the firm's corporate focus. He also said he would complement the firm's cooperation with Nabarros. "Beyond the already existing overlap in the practice area of private equity and venture capital, both firms' corporate practices will be brought further into line," he said. The relationship with Nabarros is not exclusive and in the last year the UK firm is understood to have talked to German firms Wessing and Meritas (formerly Commercial Law Affiliates). However, Nabarros senior partner Simon Johnston said: "The move will help us to strengthen our relationship with Gassner, as we increasingly do more cross-border M&A." A spokesperson for the firm added that there are currently no plans for a more formal alliance or merger.