Watson Farley in merger with Munich boutique
Watson Farley & Williams is to merge with a German private equity boutique, giving the firm its first office in Munich. The UK firm is set to merge with five-lawyer Munich boutique Oldenbourg Plus on 1 July.
June 12, 2008 at 07:09 AM
2 minute read
Watson Farley & Williams is to merge with a German private equity boutique, giving the firm its first office in Munich.
The UK firm is set to merge with five-lawyer Munich boutique Oldenbourg Plus on 1 July.
The expansion takes the number of lawyers in Watson Farley's German practice to around 30, focusing on private equity and renewable energy. The practice launched little more than two years ago in Hamburg.
Watson Farley managing partner Michael Greville (pictured) told Legal Week: "[Oldenbourg Plus] is two years old and they wanted to move into a bigger platform. It's a further growth and expansion of our German practice which we started two and a half years ago with two lawyers. This provides a platform for growth in southern Germany."
Lothar Wegener, partner and head of the Hamburg office of Watson, Farley & Williams said: "Together with Oldenbourg Plus and our strong teams in the other offices, in particular Paris, Rome and the newly opened office in Milan, we will continue to increase our position in the European private equity market."
Oldenbourg Plus was founded in 2005 by Andreas Oldenbourg and Simon Preisenberger in Munich. Together with their three associates they have advised on mid-market private equity transactions as well as mainstream M&A. Clients include German and international private equity funds.
Earlier this month Watson Farley posted solid financial results, with the firm seeing turnover grow by 9.3% and profits per equity partner (PEP) jumping by 7% to £424,000. The results followed last month's office opening in Milan and its Athens launch in 2007 as well as the collapse of merger talks with US firm Chadbourne & Parke in November last year.
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