Milbank poaches Freshfields Munich team

Law firm Milbank Tweed Hadley & McCloy has appointed private equity lawyers Peter Nussbaum, Norbert Rieger and Rolf Gerald Füger to lead a new push into German buyouts.

Milbank Tweed Hadley & McCloy, the international law firm based in New York, has poached three Munich-based senior corporate lawyers from rival Freshfields Bruckhaus Deringer

Peter Nussbaum, the former co-head of Freshfield’s global private equity team, Norbert Rieger and Rolf Gerald Füger moved to Milbank earlier this month to open a Munich office for the firm.

The three are expected to work closely with their new employer’s existing offices in London and Frankfurt, where Milbank has had a presence since 2001.

The trio, who rank among the best known transaction lawyers operating in German private equity, have advised private equity clients such as Apax Partners, The Carlyle Group and JP Morgan Partners.

Milbank already has a significant franchise in the German buyout market. This year the firm has worked on the €2.7 billion private equity-backed acquisition by Kabel Deutschland of three German cable companies; the partial exit completed in April by Allianz Capital Partners and Goldman Sachs Capital Partners from their investment in Messer Griesheim; and, on behalf of financial advisor Lazard, on the KKR-led €2.25 billion Dynamit Nobel transaction.