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Patrick M Lühr, LL.M. (King's College London)

Counsel
Rechtsanwalt

Portrait ofPatrick M Lühr

Patrick M Lühr, LL.M. (King's College London)

Counsel
Rechtsanwalt

Contact
CMS Hasche Sigle
Lennéstraße 7
10785 Berlin
Germany
Languages German, English, French

Patrick Lühr advises private equity- and venture capital funds on national and international M&A transactions. He has particular experience in complex international private equity and M&A transactions, such as GP-led secondaries as well as cross-border transactions. In addition, he advises founders, shareholders as well as national and international groups on the acquisition or sale of undertakings, on joint ventures, reorganisations and on all other aspects of corporate law.

Patrick's industry knowledge includes technology (especially information technology) and the pharmaceutical sector. He is a member of CMS's excellence clusters Private Equity and M&A/TMC.

Patrick joined CMS in 2014. He became a Counsel in 2019. In 2022 he was seconded to the CMS office in London.

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"Highly solution-oriented approach with pragmatic and sound advice. […] Very responsive, highly reliable and strong in negotiation situations. Extremely pleasant and committed working relationship.", General Counsel, client

Client

"A rising star among private equity lawyers in Europe. Excellent for complex, cross-border transactions. Brilliant negotiator capable of managing multiple stakeholders in high-pressure situations. […]", Managing Director, Investmentbank

Managing Director, Investmentbank

"Highly solution-oriented approach with pragmatic and sound advice. […] Very responsive, highly reliable and strong in negotiation situations. Extremely pleasant and committed working relationship.", General Counsel, client

Client

"A rising star among private equity lawyers in Europe. Excellent for complex, cross-border transactions. Brilliant negotiator capable of managing multiple stakeholders in high-pressure situations. […]", Managing Director, Investmentbank

Managing Director, Investmentbank

Relevant experience

Private Equity

  • Advising Centerbridge’s portfolio company Solidus Solutions on the acquisition of Mölle GmbH, a producer of sustainable partitions and inserts for the packaging sector
  • Advising Waterstreet’s portfolio company Discovery Life Sciences on the acquisition of Targos Molecular Pathology GmbH, one of the largest molecular pathology laboratories in Europe
  • Advising Mutec Technology GmbH on the sale of PROAUT Technology GmbH, an innovative provider of process automation solutions, to a portfolio company of a private equity fund managed by CGS Management AG
  • Advising capiton on investment of top-up single-asset fund in portfolio company KD Pharma
  • Advising capiton on the transfer of the KD Pharma Group to a single-asset fund set up by capiton for this purpose (Germany's first GP-led single-asset secondary)
  • Ongoing advice to capiton and the cybersecurity group CymbiQ on add-on transactions, in particular on the acquisition of anovis it-services and trading gmbh, KOCH IT AG and Aspectra AG
  • Advising capiton on the sale of the Schwanenmühle Group, a producer of special electrical engineering products for heavy current applications
  • Advising capiton on the sale of the Gess & Partner Group, a temporary employment agency
  • Advising capiton and SüdBG on the sale of svt-Group, a leading German provider of passive structural fire protection products and services
  • Advising CMP on the acquisition of meat and frozen food producer geti wilba
  • Advising CMP on the acquisition of the automotive supplier MN Coil Servicecenter GmbH
  • Advising CGS on the sale of mdexx Group, a developer and manufacturer of transformers, power supplies and fans

Venture Capital

  • Advising Baillie Gifford on investment in McMakler
  • Advising Baillie Gifford on investment in sennder
  • Advising Baillie Gifford on investment in Flix
  • Advising Baillie Gifford on investment in Auto1

Other M&A transactions

  • Advising the main shareholders of the software development company inmation Software GmbH on the participation of the US group Emerson Electric in the company
  • Advising the shareholders of 231 play GmbH, a Berlin-based mobile gaming studio, on the sale of the company to Jam City, a Californian video game developer
  • Advising the shareholders of imp GmbH, which is active in the fields of geodata management, engineering surveying, 3D engineering, project planning and routing, on the sale of the company to Sweco
  • Advising a real estate developer on a joint venture concerning the development and marketing of a high-rise building in a German metropolis
  • Advising Hexagon Composites on the acquisition of the automotive supplier xperion Energy & Environment GmbH
  • Advising the former sole shareholder in the sale of Edi.Son Energietechnik GmbH, a power line construction company, to Eltel Group Corporation

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Publications

  • CMS European Private Equity Study 2022 (Co-authors Valentina Santambrogio, Dr. Jessica Mohaupt-Schneider)
  • Contributions on Joint Ventures to "Practical Law", Thomson Reuters, 2022
  • „Ablauf eines GP-led Secondary“, http://www.cmshs-bloggt.de/, 2021 (Co-author Dr. Igor Stenzel)
  • „Der GP-led Secondary als innovativer Exit-Weg bei Private Equity-Beteiligungen“, http://www.cmshs-bloggt.de/, 2021 (Co-authors Dr. Eva Annett Grigoleit, Dr. Igor Stenzel)
  • Blog article "Datenschutz bei Due Diligence und Unternehmenskauf", http://www.cmshs-bloggt.de/, 2017 (Co-author Sylle Schreyer-Bestmann)
  • Zum richtigen Erklärungsempfänger der Amtsniederlegung eines Geschäftsführers bei einem Gesellschafterwechsel; NZG 2015, pp. 743 et seqq. (Co-author Dr. Igor Stenzel)
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Lectures list

"Continuation Funds – A Future Model for the German Private Equity Practice?" at BVK-Fachforum, 2022

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Education

  • 2014: Second Legal State Exam
  • 2012 - 2014: Legal Traineeship at the Higher Regional Court of Berlin
  • 2012: First Legal State Exam (European Law School)
  • 2011: Master of Laws (LL.M.), King's College London
  • 2010: Master 1 (Maîtrise en Droit), Université Panthéon-Assas, Paris II
  • 2006 - 2009: Studied law at Humboldt University of Berlin
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Expertise

Feed

30/06/2023
CMS advises AI service provider Veritone on acquisition of SaaS provider...
Stuttgart – Veritone, an artificial intelligence company, has acquired Broadbean for $52 million. The acquisition of Broadbean, a soft­ware-as-a-ser­vice technology that makes talent acquisition and engagement...
News
29/05/2023
CMS European Private Equity Study 2023
We are very pleased to share with you the second edition of the CMS European Private Equity Study 2023. This study analyses hundreds of Private Equity deals that we advised on in 2022 and previous years, providing unique insights into market trends and differences between private equity and trade deals. Key findings: Deal activity remained strong until Q3 2022, but experienced a significant drop in Q4. New investments accounted for 85% of PE deals analysed, with fewer exits and secondary buy-outs in 2022 compared to 2021. Bidding processes decreased in 2022, potentially due to less involvement of PE funds on the sell-side. Entry into new markets was the most common deal driver (64% of deals), while digitalisation was no longer a deal driver­Tech­no­logy, media, and telecoms (TMT) was the busiest sector, followed by Real Estate & Construction and life sciences. Use of MAC clauses decreased to 10% in 2022, compared to 15% in 2021. Fewer FDI approvals or clearances were sought in 2022 (8%) compared to 2021 (15%).W&I insurance played a prominent role in PE M&A transactions, increasing with deal value. Locked box mechanisms for setting purchase price were preferred in 80% of PE deals, while purchase price adjustments decreased. Earn-out provisions increased overall in 2022 but were more common in smaller deals than higher value deals. ESG considerations have not yet featured in legal due diligence or transaction documents. Management incentive schemes saw shorter vesting periods, increased management allocation, but tightened leaver provisions. Overall, there were buyer-friendly developments in some deal metrics, such as the use of "tipping" baskets.
Publication
21/03/2023
CMS advises Chart Industries on acquisition of Howden for USD 4.4 bn
Stuttgart – CMS, led by M&A partner Dr Tobias Grau, advised Chart Industries, Inc. (NYSE: GTLS) (“Chart”) on the completed acquisition of Howden, a leading global provider of mission critical air...
Deals
22/12/2021
CMS advises Mutec Technologie GmbH on the sale of PROAUT TECHNOLOGY GmbH
Berlin – Mutec Technologie GmbH has sold PROAUT TECHNOLOGY GmbH to Photonics Systems Holding GmbH. PROAUT is an innovative provider of process automation solutions in the fields of mi­cro­elec­tron­ics...
Deals
11/08/2021
CMS advises Solidus Solutions on the Acquisition of Mölle GmbH
Berlin – Solidus Solutions, a leading European provider for sustainable packaging for the food industry, has acquired Mölle GmbH, a producer of sustainable partitions and inserts for the packaging...
Deals
30/07/2021
CMS advises capiton on investment of top-up single-asset fund in portfolio...
Berlin - Private equity firm capiton has closed a top-up single-asset fund for its fast-growing portfolio company KD Pharma Group (KD Pharma). This top-up fund will provide KD Pharma with the equity financing...
Deals
20/05/2021
CMS advises Discovery Life Sciences on acquisition of Targos Molecular...
Berlin - US-based biospecimen and biomarker specialist Discovery Life Sciences has acquired Targos Molecular Pathology GmbH. The acquisition of one of the largest molecular pathology laboratories in Europe...
Deals
13/08/2020
CMS advises shareholders of software development company inmation on the...
Berlin - The American group Emerson Electric has acquired an equity interest in inmation Software GmbH. Emerson's participation is intended to further strengthen the cooperation between the companies.A...
Deals
22/07/2020
CMS advises Wilhelmsen Ship Management on joint venture with MPC Capital...
Hamburg - Wilhelmsen Ship Management AS, a Singapore-based provider of ship management services belonging to the Norwegian Wilhelmsen shipping group, and Hamburg-based asset and investment manager MPC...
Deals
02/07/2020
CMS advises capiton/CymbiQ on the acquisition of Aspectra AG
CymbiQ Group AG, a portfolio company of Germany private equity investor capiton, has acquired Aspectra AG, Zurich. Aspectra AG specialises on managed hosting services for critical applications and offers...
Deals
11/05/2020
CMS advises CMP German Opportunity Fund III on acquisition of meat and...
Berlin – CMP German Opportunity Fund III, a private equity fund advised by Berlin-based private equity firm CMP Capital Man­age­ment-Part­ners, has acquired the business operations of GETI WILBA GmbH &...
Deals
06/12/2019
CMS advises capiton on Germany's first GP-led Single-Asset Secondary Transaction
Berlin – capiton has transferred its majority stake in KD Pharma Group from the capiton IV fund which has held the shares since the acquisition in 2013 to a single-asset fund established by capiton...
Deals
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