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CMS advises private Jacobs University Bremen on sale to Schaffhausen Institute of Technology

23/09/2021

Hamburg – The private Jacobs University Bremen has a new majority owner in Schaffhausen Institute of Technology, a private Swiss educational and research institution. Dr Andreas Bovenschulte, President of Bremen’s Senate and city mayor, and Serguei Beloussov, founder and chairman of the board of Schaffhausen Institute of Technology, officially announced the transaction today following the signing of the purchase agreement. Reimar Lüst Stiftung is retaining a minority stake, as is Jacobs University Bremen Alumni & Friends Stiftung GmbH, the association of Jacobs graduates.

Schaffhausen Institute of Technology was the successful bidder in a complex bidding process lasting several months and involving a number of interested parties. The details of the transaction were not disclosed. The deal aims to secure the long-term existence and further development of Jacobs University Bremen.

A CMS team with Dr Holger Kraft at the helm advised Jacobs University Bremen on all legal aspects of the complex bidding process, including developing and negotiating the relevant documentation. The law firm thus played a key part in implementing the transaction. The matter was handled in close coordination with Dr Monika Beckmann (Büsing Müffelmann & Theye), who provided legal advice to the City of Bremen, and with a team from Translink Corporate Finance led by Andreas Hüchting, acting as transaction advisor to Jacobs University Bremen. Schaffhausen Institute of Technology was advised on legal matters by a team from Willkie Farr & Gallagher LLP headed by Georg Linde, and by GSK Stockmann.

CMS Germany

Dr Holger Kraft, Partner
Matthias Sethmann, Principal Counsel
Dr Frederike Volkmann, Counsel
Marvin Hoffmann, Associate
Christina Lorf, Associate, all Corporate/M&A, Hamburg
Dr Sebastian Orthmann, Partner
Dr Hans Fabian Kiderlen, Counsel, both Real Estate & Public, Hamburg
Dr Michael Bauer, Partner
Kai Neuhaus, Partner
Roxana Mina Kruse, Senior Associate, 
Helmer Krane, Associate, all Regulatory, Brussels

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