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Shearman & Sterling in Germany is taking on a high-profile corporate partner from the Stuttgart office of rival firm Gleiss Lutz Hootz Hirsch
Andreas Diem, who will join Shearman's Munich office, will focus on acquisition finance, M&A and private equity. Diem also has close links with China, where he spent three years between 1996 and 1999 after launching Gleiss's Shanghai office. Shearman senior partner David Heleniak said Diem's appointment will strengthen ties between Munich and Asia. "Not only will he stren-gthen the acquisition finance practice in Munich, he'll also help to create synergies between Germany and Asia due to his inside knowledge of the activities of German industry in Asia," he said. The managing partner in Germany Georg Thoma said the move fits in well with the firm's strategy to build its acquisition finance and corporate capability. Shearman opened in Munich last summer. The office, which focuses on venture capital, capital markets, corporate and M&A, advises technology clients in Munich and represents companies on public offerings for Nasdaq and the Neuer Market. In November the firm hired tax partner Gottfried Breuninger and his team from rival firm Cleary Gottlieb Steen & Hamilton.