Announcement

Milbank Expands German Practice, Names Rainer Magold and Christina Ungeheuer Partners in Frankfurt Office

Success of German Initiative Highlights Strength of Firm’s Global Finance Capabilities

FRANKFURT, GERMANY, November 11, 2004 – Following the successful launch of its office in Munich, the international law firm Milbank, Tweed, Hadley & McCoy LLP, has announced the expansion of its Frankfurt office with the appointment of two new partners, Rainer Magold and Christina Ungeheuer.

Commenting on the announcement, Norbert Rieger, partner in Milbank’s Munich office, stated, “Milbank is committed to building one of the leading law firms in Germany with a key range of capabilities in both Munich and Frankfurt, and the addition of Rainer and Christina is a major step in achieving that objective. We are now able to provide an integrated corporate, tax and finance capability, which is what we have set out to do.”

Frankfurt partner Helfried Schwarz added, “The expertise of Rainer and Christina, who are both among Germany’s most highly regarded banking and acquisition finance attorneys, allows us to offer high quality finance advice from Frankfurt, encompassing German law acquisition finance, English law banking and U.S. capital markets, including high yield.”

DR. RAINER MAGOLD is a leader in acquisition finance, having represented both banks and sponsors on some of the largest deals in the German market. He has been recognised by JUVE’s “German Commercial Law Firms 2004” as a “Leading Name” for bank lending and acquisition finance. Chambers Global also identifies Rainer Magold as a leader in the market. Currently a partner in Baker & McKenzie’s Frankfurt office, Dr. Magold’s expertise includes international banking and finance, acquisition finance, project finance and financial services regulation. Dr. Magold speaks four languages: German, English, French and Spanish.

DR. CHRISTINA UNGEHEUER is a rising star in banking and finance. Currently a partner in Baker & McKenzie’s Frankfurt office, Dr. Ungeheuer’s practice encompasses banking and finance, acquisition finance, financial services regulation, financial services / E-finance, and capital markets – debt. She speaks three languages: German, English and French.

MILBANK IN EUROPE:
Milbank opened its first European office in London 25 years ago and opened a second European office in Frankfurt in 2001, followed by an office in Munich in 2004. The firm’s presence in Europe has more than doubled in the last two years, with growing strengths in corporate finance, mergers and acquisitions, capital markets, private equity, outsourcing and litigation. The London office has long had a strong finance practice -- having been recognised twice by Legal Business as the “Finance Team of the Year” –and more recently has been involved in some of the most complex acquisitions and private equity investments throughout Europe, including Germany. The Frankfurt office is a leader in sophisticated acquisition, project and asset finance transactions. The Munich partners are widely recognized for their expertise in public mergers & acquisitions and private equity, as well as tax and financial structuring.

Milbank, Tweed, Hadley & McCoy LLP is a premier global law firm headquartered in New York, with offices in Washington, D.C., Los Angeles, Palo Alto, London, Frankfurt, Munich, Tokyo, Hong Kong and Singapore. Milbank has one of the leading finance practices in the world, with particular strengths in capital markets and corporate finance, project finance and acquisition finance. A significant component of the practice is private equity, an area where the firm provides clients with sophisticated corporate, tax and finance support. Milbank has English, German and U.S. law capabilities, and provides a full range of services to many of the world’s leading financial, industrial and commercial enterprises, as well as governments, institutions and individuals.