Magic circle duo take lead roles as E.ON and RWE agree €43bn asset swap deal
Germany's Hengeler also advising as E.ON takes controlling stake in Innogy
March 12, 2018 at 11:20 AM
2 minute read
Linklaters, Freshfields Bruckhaus Deringer and Hengeler Mueller are all advising on E.ON's €43bn (£38bn) deal to acquire a controlling stake in renewable energy business Innogy from German rival RWE.
The deal has been structured as an asset swap, with E.ON acquiring Innogy's regulated energy networks and customer operations, and RWE taking on the renewables businesses of both E.ON and Innogy, as well as a 16.7% stake in E.ON.
Linklaters is taking the lead role for E.ON, fielding a team led by Duesseldorf corporate partners Ralph Wollburg and Staffan Illert.
Freshfields is understood to be advising RWE, with a team comprising corporate partners Andreas Fabritius and Tobias Larisch, and competition partner Ulrich Scholz.
Leading German firm Hengeler, meanwhile, is acting for Innogy. The firm's team is being led by corporate partners Andreas Austmann, Matthias Hentzen and Hartwin Bungert, antitrust partner Christoph Stadler and public law partner Vera Jungkind.
Hengeler also advised RWE and Innogy on the latter's 2016 listing on the Frankfurt Stock Exchange.
Last year, Hengeler and Freshfields took lead roles on the merger of Npower and SSE's UK retail operations, a deal that created a new independent British retail energy company part-owned by Npower parent Innogy. Hengeler advised Innogy alongside best friend firm Slaughter and May, while Freshfields acted for SSE.
RWE's original acquisition of Innogy in 2002 handed a lead role to Allen & Overy, with Linklaters advising Innogy.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllLeaders at Top French Firms Anticipate Strong M&A Market in 2025 Despite Uncertainty
6 minute readEU Parliament Gives Blessing to New EU Competition Chief Ribera Rodríguez
2 minute readSimpson Thacher Becomes Second Firm to Launch in Luxembourg in 2 Days With A&O Shearman Hires
3 minute readHSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
Trending Stories
- 1Litigation Leaders: Greenspoon Marder’s Beth-Ann Krimsky on What Makes Her Team ‘Prepared, Compassionate and Wicked Smart’
- 2A Look Back at High-Profile Hires in Big Law From Federal Government
- 3Grabbing Market Share From Rivals, Law Firms Ramped Up Group Lateral Hires
- 4Navigating Twitter's 'Rocky Deal Process' Helped Drive Simpson Thacher's Tech and Telecom Practice
- 5Public Notices/Calendars
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250