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About Dr. Max Alles

Max Alles advises industrial companies and private equity institutions on M&A transactions, general corporate matters, joint ventures as well as restructuring measures.

He also advises clients in international commercial arbitration proceedings.

Max speaks German, English, Russian and French.

Recent work

Private M&A:

  • Airbus on the carve-out and divestiture of its defence electronics business to KKR (€1.3bn)
  • CVC and Messer on the carve-out and acquisition of the North and South American gases business of the Linde Group ($3.6bn)
  • LANXESS on the carve-out and joint venture with Saudi Aramco regarding its synthetic rubber business (€2.75bn)
  • HSH Nordbank on the divestiture of a ship loan portfolio to hsh portfoliomanagement AöR (€5bn)
  • EQT Partners on the sale of Bilfinger Hochbau, a construction business, to Implenia
  • HSH Nordbank on its sale of a loan portfolio to Merrill Lynch and the Australian investment bank Macquarie (€1.64 bn)
  • Solvay on the sale of its cellulose acetate tow business to Blackstone (€1.2bn)
  • Messer on the carve-out and divestiture of its Castolin Eutectic business to Paragon
  • MAN SE on the sale of its Bus Modification Center in Plauen to BINZ
  • Fidelidade – Companhia de Seguros, S.A., a subsidiary of Fosun, on the acquisition of a 70% majority stake in the prosperity company AG (an insurtech company)
  • EVN AG on the sale of its (indirect) 49% stake in the joint venture company STEAG-EVN Walsum 10 Kraftwerksgesellschaft mbH regarding the power plant project Walsum 10 to its joint venture partner STEAG and on its exit from the power plant project Walsum 10
  • Altor Fund V and SMS Group on the acquisition of a 50% stake in KAEFER Isoliertechnik SE & Co. KG
  • Viridium Group in the acquisition of a portfolio of traditional life insurance policies with approximately 720,000 insurance contracts and assets under management of approximately EUR 21 billion from Zurich Group Germany (EUR 500 million)

Public M&A:

  • HOCHTIEF AG on its joint investment together with ACT and Atlantia in Abertis (€32bn). Read more about the deal in our case study.
  • ADLER Real Estate AG on its public takeover of A.D.O. Group Ltd. (€709m)
  • TRATON SE on its public takeover offer for Navistar International Corporation (€2.9bn)
  • Vonovia SE on the contempated business combination with Deutsche Wohnen SE and the respective public takeover offer (EUR 18bn).

Capital Markets:

  • TRATON SE on its initial public offering and dual listing on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and the regulated market of Nasdaq Stockholm (€1.6bn)
  • TUI AG on the comprehensive refinancing package with the Economic Stabilization Fund (WSF), KfW, Unifirm Ltd., and a consortium of banks, including a rights issue, a convertible silent participation by the WSF, a state guarantee and a credit line with the participation of KfW (€1.8bn)
  • Douglas on the comprehensive refinancing of the company's capital structure comprising a €600m term loan (Term Loan B), a €1,305m senior capital market-listed bond, a further €475m capital market-listed bon, and a €170 million revolving credit facility. (€2.55bn) 

Corporate Advisory Matters:

  • Executive boards, supervisory boards and majority shareholders of large listed and non-listed companies on various corporate and reorganization matters, incl. minority participations, squeeze-out procedures, implementation of corporate governance systems, joint ventures, compliance with the business judgement rule, capital markets regulations compliance
  • HOCHTIEF AG on the organisation and execution of its annual shareholders’ meeting
  • TRATON SE on the squeeze-out proceedings (via merger) in relation to its subsidiary MAN SE
  • Majority shareholders of a major blue chip company on the planning of their company succession and various capital markets laws related aspects

International Arbitration / Dispute Resolution:

  • Volkswagen AG in relation to customer claims based on the recall of VW diesel vehicles for nitrogen oxide emission.
  • Evonik Industries AG on various disputes with the general contractor in connection with the construction of the coal-fired power plant Walsum 10
  • Major European nuclear fuel and uranium enrichment company, on its ICC arbitration against another major European nuclear power plant company

Qualifications

Education

  • Legal education at the Universitiy of Regensburg, Germany and Columbia University 
  • Legal traineeship (Referendariat) at the Higher Regional Court in Nuremberg, with a stage in London
  • Doctor of laws – Ph.D (Dr. iur.)
  • Master of Laws – LL.M. (Columbia University)
  • Executive MBA – EMBA (Pembroke College – University of Cambridge)

Professional qualifications

  • Attorney and Counselor at Law, New York, US
  • Rechtsanwalt, Germany
  • Solicitor of the Senior Courts of England and Wales
  • Commercial Mediator (MuCDR)

Recognitions / Awards

  • Cambridge Executive MBA Scholarship (University of Cambridge)
  • Harlan Fiske Stone Scholar (Columbia University)
  • Schmitz-Nüchterlein-Foundation Price
  • German Academic Exchange Service (DAAD) Scholarship
  • Foresight Foundation (Stiftung Vorsorge) Grant
  • German Notary Association (NotRV) Grant
  • University of Regensburg Dean's Book Award
  • Oskar-Karl Forster Fellowship