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Portrait ofCarolin Armbruster

Dr. Carolin Armbruster

Partner
Rechtsanwältin

CMS Hasche Sigle
Theodor-Heuss-Straße 29
70174 Stuttgart
Germany
Languages German, English

Carolin Armbruster advises on national and international M&A transactions and projects. She has a focus on the energy sector, both with respect to conventional and, in particular, renewable energy sources. Her corporate advisory practice focuses on restructurings. Her clients include German and international investors, banks as well as energy suppliers and public utilities. Carolin is a member of the teams that were named “Law firm of the Year for Regulatory 2022” and “Law firm of the Year for Corporate Law 2017” by the German law firm directory JUVE.

Carolin joined CMS in 2007 and has been a partner since 2018. Since 2018 she has been co-heading the CMS “M&A Energy“ excellence cluster. Furthering her sector expertise, she was seconded to Stadtwerke München GmbH (Munich City Utilities) in 2011.

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Listed for Mergers and Acquisitions

Deutschlands beste Anwälte 2023 – Handelsblatt in Kooperation mit Best Lawyers

Relevant experience

Renewable energy sector: offshore wind energy

  • Advising EnBW Energie Baden-Württemberg AG on structuring the offshore wind farm project Hohe See and on selling a 49,9% share to Canadian energy infrastructure company Enbridge Inc.
  • Advising EnBW Energie Baden-Württemberg AG on structuring the offshore wind farm project Baltic 2 and on selling a 49,9% share to Australian financial investor Macquarie
  • Advising Stadtwerke München GmbH on acquiring a stake in the offshore wind farm project Sandbank 24 from Vattenfall
  • Advising HEAG Südhessische Energie AG (HSE) and Stadtwerke München GmbH on each acquiring a 24,9% share in the offshore wind farm project Global Tech I

Renewable energy sector: onshore wind energy

  • Advising EnBW Energie Baden-Württemberg AG on the structuring of a portfolio of 14 onshore wind farms (133 MW) and the sale of a 49.9% stake to Commerz Real's Impacfonds Klimavest
  • Advising Stadtwerke München GmbH on acquiring Jasna onshore wind farm project in Poland with 39 wind turbines by wind farm developer WKN and its subsidiary Sevivon
  • Advising Axpo Power on acquiring Volkswind GmbH, a wind farm project developer in Germany and France
  • Advising EnBW Energie Baden-Württemberg AG in the bidding process to acquire the insolvent Prokon Regenerative Energien GmbH which was part of an insolvency plan proceeding
  • Advising BKW Energie AG and its Swiss partner plant HelveticWind on acquiring four wind farm portfolios consisting of seven wind farms with altogether 88 wind turbines
  • Advising EnBW Energie Baden-Württemberg AG on reorganising the entire German wind farm portfolio with 17 wind farms and altogether 89 wind turbines and on selling a stake of altogether 49,9% to various public utilities
  • Advising Stadtwerke München GmbH on acquiring a shareholding in the European onshore wind farm activities of wpd AG, a wind farm project developer with a portfolio of 1600 MW
  • Advising EnBW Energie Baden-Württemberg AG on acquiring two wind farm portfolios consisting of nine wind farms with altogether 64 wind turbines from PNE Wind AG
  • Advising Stadtwerke München GmbH on acquiring two wind farm portfolios consisting of altogether 14 wind farms and 108 wind turbines from wpd AG

Renewable energy sector: photovoltaic

  • Advising EnBW Energie Baden-Württemberg AG on the structuring of a portfolio of 16 solar parks (597 MW) and the sale of a 49.9% stake to Alte Leipziger Hallesche Versicherungsgruppe

Renewable energy sector: geothermal energy

  • Advising Sadtwerke München GmbH on acquiring two geothermal power plants from a joint venture consisting of HOCHTIEF PPP Solutions GmbH and BayWa r.e. renewable energy GmbH

Conventional energy sector

  • Advising Gasunie on acquiring a stake in the pipeline project EUGAL from Gascade
  • Advising Bayerngas GmbH on a strategic joint venture with Stadtwerke München GmbH and the British energy and services company Centrica plc. regarding the European oil and gas exploration and production business
  • Advising a bidding consortium on acquiring Thyssengas GmbH’s gas transmission network
  • Advising EnBW Energie Baden-Württemberg AG on selling an RDF plant in Eisenhüttenstadt to Progroup AG
  • Advising the shareholders of gas supplier Goldgas on the sale to financial investor bluO

Restructurings

  • Advising Modine Manufacturing Company on the restructuring of the European part of the Modine Group
  • Advising HEAG Südhessische Energie AG on the spin-off of transmission grids to set up a subsidiary and on its refinancing via issuing a corporate bond

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Memberships & Roles

  • German Bar Association
  • VGR Wissenschaftliche Vereinigung für Unternehmens- und Gesellschaftsrecht e.V.
  • Juristische Gesellschaft Tübingen e.V.
  • Network Women & Energy
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Publications

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Lectures list

  • "Risks, opportunities for payment, financing and hedging in foreign trade" in the context of the management seminar "Legal issues in international purchase" by Management Circle in Munich (07.09.2007), Stuttgart (14.09.2007) and Cologne (26.10.2007)
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Education

  • 2008: PhD under the supervision of Prof. Dr. Dr. h.c. Georg Sandberger; thesis on a topic related to the German Transformation Act
  • 2007: Second state examination in law
  • 2005 - 2007: Trainee lawyer at Regional Court Ulm / Higher Regional Court Stuttgart, including stint with Robert Bosch GmbH
  • 2005: First state examination in law
  • 2000 - 2005: Law studies at the University of Tuebingen
  • 1998 - 2000: Training as a banker/financial advisor with Deutsche Bank AG
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Feed

08/09/2023
CMS advises Modine on the sale of three Automotive Businesses
Stuttgart – Modine, a diversified global leader in innovative thermal management technology and solutions, has divested three automotive businesses in Germany and sold to affiliates of Regent LP. The...
15/08/2022
CMS advises EnBW on investment by Alte Leipziger Hallesche insurance group...
Stuttgart – EnBW Energie Baden-Württem­berg AG has sold 49.9% of the shares in a portfolio comprising 16 solar parks with a total rated output of 597 MW. The plants in Brandenburg, Baden-Württem­berg...
10/06/2022
CMS advises KK Wind Solutions on strengthening energy conversion offerings
Stuttgart – KK Wind Solutions has acquired ConverterTec Deutschland GmbH’s R&D team and its IP portfolio. With the acquisition, KK Wind Solutions strengthens its own research and development department...
23/12/2021
CMS advises on merger of ADS-TEC Energy with European Sustainable Growth...
Stuttgart – ADS-TEC Energy GmbH, which describes itself as a world-leading provider of battery-buffered ultrafast charging technology, has completed a business combination with European Sustainable...
24/02/2021
CMS advises EnBW on investment by Commerz Real in portfolio of 14 onshore...
Stuttgart – EnBW Energie Baden-Württem­berg AG has sold 49.9% of the shares in a portfolio comprising 14 onshore wind farms with 47 wind turbines and total output of 133 MW to Commerz Real’s Klimavest...
05/11/2020
CMS advises Modine on sale of the liquid-cooled portion of its automotive...
Stuttgart – Modine Manufacturing Company, a publicly listed diversified global leader in thermal management technology and solutions based in Racine, Wisconsin, USA, has announced that it has signed...
26/04/2019
CMS advises Stadtwerke München on acquisition of Jasna onshore wind farm...
Stuttgart / Warsaw – The municipally owned utility company Stadtwerke München has acquired the Jasna wind farm project in Poland from developer WKN and its subsidiary Sevivon, which both belong to...
08/10/2018
CMS advises owner family on sale of development and manufacturing service...
Stuttgart – Private equity firm Deutsche Beteiligungs AG (DBAG) is investing in SERO Schröder Elektronik Rohrbach GmbH (SERO), the holding company behind SERO GmbH & Co KG, a development and manufacturing...
09/08/2018
CMS advises GasVersorgung Süddeutschland on establishing innovative tendering...
Stuttgart – GasVersorgung Süddeutschland GmbH (GVS) and EXXETA AG recently signed the memorandum of association for Tender365 GmbH. The registration phase for the digital electricity and gas tendering...
04/01/2018
CMS appoints nine new partners at start of 2018
Berlin – Commercial law firm CMS has started 2018 with nine newly appointed partners from six divisions. “There is a steadily growing need for high-quality, innovative, hands-on legal advice in an...
23/10/2017
CMS advises Gasunie on acquisition of stake in EUGAL pipeline project
Stuttgart – Distribution network operators Gasunie Deutschland Transport Services GmbH, GASCADE Gastransport GmbH, Fluxys Deutschland GmbH and ONTRAS Gastransport GmbH have signed a fractional ownership...
19/07/2017
CMS advises Bayerngas on strategic partnership with Stadtwerke
Stuttgart – Stadtwerke München, Munich’s municipal utility company, and Bayerngas are forming a strategic partnership with British energy and services company Centrica plc (Centrica). Stadtwerke...