MUNICH, 2 April 2009 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised technical assurance and consulting company Germanischer Lloyd AG in its merger with Noble Denton. The completion of the transaction is subject to approval by the respective antitrust authorities.
The merger of Germanischer Lloyd AG with Noble Denton will form a fully integrated company which will provide assurance, inspection and consulting as well as project management to clients in the oil and gas, renewables and energy installation markets on a worldwide scale.
Germanischer Lloyd AG, headquartered in Hamburg, Germany, is an international ship classification society and a leading provider of technical assurance and consulting services to the oil and gas and renewables markets. The company has more than 5,500 employees at 208 locations worldwide.
Noble Denton is a leading provider of life-cycle marine and offshore engineering services to the oil and gas industry. The company is headquartered in London and has 900 employees worldwide.
The Milbank team representing Germanischer Lloyd, which is held by Mayfair, included Corporate/M&A partners Peter Nussbaum (lead, Munich) and Stuart Harray (London) as well as Corporate/M&A associates Michael Pujol, Ludger Schult, Stefan Kroeker, Camille Lamy and Axel Wahl (all Munich) and Phil Gledson and Katherine Soanes (both London). Munich Tax associate Thomas Kleinheisterkamp and London Tax associate Matthew Mortimer also participated in the deal. Milbank has advised Mayfair on several other projects in the past, such as its investment in German listed Puma AG.
Milbank, Tweed, Hadley & McCloy LLP is a pre-eminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions and litigation. Our transactional expertise includes capital markets, corporate finance and transactions, project finance, acquisition finance, and other major fields of law practice. Milbank litigation teams resolve disputes involving mergers and acquisitions, proxy battles, financings and securities offerings, intellectual property, white collar crime, and corporate restructurings, among others. Our clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals. The firm is headquartered in New York with offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, Singapore, Tokyo and Washington, DC.
Milbank set up its first European office in London in 1979. The firm’s German offices were opened in Frankfurt in 2001 and in Munich in 2004. Milbank’s European presence has more than doubled in the last two years with growing practices in capital markets, corporate, finance, private equity, outsourcing and litigation. By combining the skill and experience of the lawyers in Milbank's German offices with that of the finance, corporate and tax lawyers based in other Milbank offices, in particular London and New York, Milbank Germany offers its clients fully integrated legal advice at the highest level in these core areas under German, English and US law.