Lovells has poached Gleiss Lutz M&A partner Tim Brandi as part of the City firm’s ongoing efforts to beef up its German corporate practice.
German managing partner Oliver Felsenstein said: “Compared to our major competitors we are still slightly lacking in size.” He said that the firm’s strategy is to build on its recent successes in private equity and M&A by growing the transactional practice.
Brandi, previously a partner in Gleiss’ Munich office, will join Lovells in Frankfurt this week. Felsenstein said: “He will focus solely on public and private M&A to allow other team members to focus on the private equity side.”
Despite a difficult economic climate in Germany, Lovells has had an excellent year, earning plaudits for its private equity practice in particular. The firm has also had some success in public M&A, particularly for DZ Bank AG.
Lovells advised on the merger of the subsidiaries of DZ Bank and WGZ-Bank eG and then subsequently on the acquisition of Norisbank by DZ Bank.