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Konstantin Technau

Partner

Konstantin Technau

Partner
Frankfurt +49-69-4272-5200+49-69-4272-5200 +49-69-4272-5210+49-69-4272-5210
[email protected]rom.com

Based in our Frankfurt office, Dr. Technau has been working on M&A transactions for over 20 years and is a partner at S&C since 2002. 

He is one of our leading and most senior lawyers for both M&A and capital markets matters.

Over the years, Dr. Technau has advised on numerous landmark M&A transactions in Germany, shaping, in particular, the German public M&A market. Prior to joining S&C, he advised a German issuer on what would become the first cross-border merger between a German and a U.S. company in German corporate history.

At the same time, Dr. Technau’s broad capital markets experience includes representing clients on many of the largest and most high-calibre transactions of the last decade.



SELECTED REPRESENTATIONS

Recent M&A transactions:
From 2020 to 2022, Dr. Technau has advised:
  • 468 SPAC I on its business combination agreement with Boxine GmbH, valuing the combined company tonies SE at a pro forma equity value of €990 million
  • Adecco Group in its acquisition of the Ricci family’s and Compagnie Nationale à Portefeuille SA’s controlling stakes of AKKA Technologies SE at €49 per share, for a transaction consideration of €2.0 billion in enterprise value
  • Bayer on Elanco Animal Health’s $7.6 billion acquisition of Bayer’s Animal Health business
  • CTP on its pending combined voluntary public takeover and delisting offer to all shareholders of Deutsche Industrie REIT-AG (DIR), valuing the equity of DIR at approx. €800 million, corresponding to an enterprise value of approx. €1.3 billion
  • Delivery Hero in (i) its $4.0 billion agreement to acquire Woowa Brothers Corp. and (ii) on its €930 million sale of its German food delivery businesses to Takeaway.com
  • Deutsche Wohnen in its business combination with competitor Vonovia, with a combined market cap of both companies of €45 billion
  • J.P. Morgan as exclusive financial adviser to adidas in its definitive agreement to sell Reebok to Authentic Brands Group for a total consideration of up to €1.2 billion
  • Lakestar SPAC I in its €1.2 billion (equity value) merger with HomeToGo, the first German De-SPAC deal of its kind
  • LEG Immobilien in connection with its acquisition of around 15,400 apartments from Adler Group for a purchase price of €1.3 billion and on the purchase of a 30.9% stake in Brack Capital Properties for €328 million
  • Lone Star Funds in a real estate deal between Deutsche Wohnen and ISARIA
  • Northern Data in the sale of its U.S. subsidiary Whinstone Inc. to Riot Blockchain Inc. for an implied total transaction value of approx. $651 million

Further key M&A transactions:
Over the past decade, Dr. Technau has represented clients on many noteworthy public and private M&A transactions, including:
  • Axioma in its acquisition by Deutsche Börse AG for $850 million cash and debt free
  • Bank of America Merrill Lynch and Goldman Sachs as financial advisers to METRO AG on its rejection of EPGC’s €5.8 billion public takeover offer
  • Bayer on its $66 billion acquisition of Monsanto
  • CyrusOne on its $475 million acquisition of Zenium Data Centers
  • Deutsche Wohnen on (i) its successful defense against Vonovia’s unsolicited, hostile, €13 billion takeover bid, (ii) its tender offer for LEG Immobilien, (iiI) its attempted tender offer for conwert Immobilien, (iv) its €3.6 billion tender offer for GSW Immobilien and (v) its €1.2 billion acquisition of companies in the BauBeCon Group
  • Drillisch AG in its $8 billion business combination with United Internet
  • Fiat Chrysler Automobiles in the €6.2 billion sale of Magneti Marelli
  • Fiserv in the $22 billion acquisition of First Data
  • Hospira on its the sale of a German subsidiary
  • IHO Holding on its acquisition of ATESTEO Group from 3i Group
  • Lone Star in connection with its tender offer for ISARIA Wohnbau
  • Oaktree on the sale of its 61% in Deutsche Office to Alstria
  • OFFICEFIRST Immobilien on its €3 billion sale to Blackstone Real Estate Partners Europe
  • Rhône Capital and Triton on the acquisition and attempted sale of Orion Engineered Carbons
  • Rhône Capital on the sale of CSM Bakery’s fats business and on the acquisition of a chemicals business from Evonik
  • the takeover of Sky Deutschland by BSkyB for $7 billion
  • Spirit AeroSystems in its (later abandoned) acquisition of S.R.I.F., the parent company of Asco Industries
  • TLG IMMOBILIEN in its €1.5 billion acquisition of a 15.0% stake in Aroundtown and the subsequent business combination

Capital Markets and Financing transactions:
Over the past 10 years alone, Dr. Technau has led work on countless high-profile Capital Markets and Financing transactions, including:
  • 468 SPAC I on its €300 million private placement and listing on the Frankfurt Stock Exchange
  • 468 SPAC II on its €210 million private placement and listing on the Frankfurt Stock Exchange
  • Bayer on a €3 billion share placement to Temasek
  • Delivery Hero on its ABO and convertible bond offering with an aggregate value of €2.3 billion
  • GFJ ESG Acquisition I on its €150 million private placement and listing on the Frankfurt Stock Exchange
  • Instone on its €428 million IPO-dual track transaction
  • The IPOs/listings of OFFICEFIRST Immobilien and Orion Engineered Carbons
  • IVG Immobilien on a capital increase with gross proceeds of €145 million
  • Lakestar SPAC I on its €275 million private placement and listing on the Frankfurt Stock Exchange
  • MediaMarktSaturn on its €1.7 billion state aid financing to address Covid-19 related liquidity needs
  • OboTech Acquisition (SPAC) on its €200 million private placement and listing on the Frankfurt Stock Exchange
  • Orion Engineered Carbons on the $425 million offering of PIK High Yield notes
  • Rocket Internet on its delisting by way of a public self-tender delisting offer

 Rankings and Recognitions
  • Top 3, “Top Dealmaker 2019”, Finance Magazin 2020, German M&A Ranking 
  • Continuously ranked for Capital Markets since 2004, Chambers Global
  • Continuously ranked for Capital Markets since 2007, Chambers Europe
  • Ranked for Corporate/M&A, JUVE Handbook (2015 – Present)
  • Ranked for Capital Markets, JUVE Handbook (2015 – Present)
  • Listed as “Highly Regarded” for ECM and M&A, IFLR1000 (2019 – Present)
  • Other notable recognitions include: Best Lawyers in Germany; European Legal Experts; Who’s Who Legal