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Jörg Schrade

Partner
Tax Adviser

Portrait ofJörg Schrade

Jörg Schrade

Partner
Tax Adviser

Contact
CMS Hasche Sigle
Nymphenburger Straße 12
80335 Munich
Germany
Languages German, English

Jörg Schrade advises international companies and financial investors on all aspects of German and international tax law, with a focus on M&A transactions, corporate reorganisations, financing and tax audits.

Prior to joining CMS in 2018 as a partner, Jörg worked in major international law firms as well as for a global technology company in global tax planning.

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„Recommended“ for financial transaction tax

JUVE Handbuch Steuern, 2024

Listed for tax law

Deutschlands beste Anwälte 2020-2024 – Handelsblatt in Kooperation mit Best Lawyers

Listed as Rising Star

ITR World Tax 2025

Listed as notable practitioner

Chambers Europe, 2024

„Recommended“ for financial transaction tax

JUVE Handbuch Steuern, 2024

Listed for tax law

Deutschlands beste Anwälte 2020-2024 – Handelsblatt in Kooperation mit Best Lawyers

Listed as Rising Star

ITR World Tax 2025

„transaktionsgestählter Berater“

JUVE Handbuch Steuern, 2019

Listed as notable practitioner

Chambers Europe, 2024

Relevant experience

Selected projects (including pre-CMS work)

  • 3U Holding | On the sale of Weclapp SE to Exact
  • Aareal Bank | On the acquisition of Collect Artificial Intelligence from Otto
  • Advent | On the acquisition of the distributed power unit from GE
  • Afinum | On various transactions, inter alia the acquisition of Ledlenser from Leatherman, the acquisition of SanderStrothmann, the acquisition of Tisso Naturprodukte, the sale of Avantgarde to EMH, the sale of the Garz & Fricke group to Seco S.p.a., the sale of Midoco to LEA, the sale of Sinnex to Meriguet und add-on acquisitions
  • Apax | On the acquisition of Takko Fashion from Advent
  • Ardian and co-investors | On the sale of Schustermann & Borenstein to Permira
  • Blue Elephant Energy | On the acquisition of a majority stake by Antin
  • Bruker | On various transactions, including the acquisition of Acquifier, the acquisition of PreOmics and the acquisition of Zontal
  • Calian | On the acquisition of SatService
  • Carlyle | On the sale of Alloheim to Nordic Capital
  • Clariant | On the sale of its Quats business to Global Amines
  • Commerzbank | On a joint venture with Global Payments for digital payment solutions
  • Halder | On various transactions, inter alia the acquisition of Drumag Fluidtechnik and EPH Elektronik, the acquisition of Suvema and the sale of Wback to C.H. Guenther & Son
  • H.C. Starck | On the sale of individual business divisions
  • Linde | On the acquisition of the homecare business from Air Products
  • Marguerite Fund | On the acquisition of an offshore wind farm
  • Mondi | On the acquisition of Nordenia from Oaktree
  • Pinova | On various transactions, including the acquisition of VTI Ventil Technik, of Ecoroll and of Riepe
  • ProSiebenSat.1 | On various transactions, including the partnership with General Atlantic for NuCom Group, the investment in NextGen Foods and a joint venture with Discovery
  • Rigeto | On various transactions, including the sale of WOW Tech Group to CDH Investment and the acquisition of ion2s and of Aman Media
  • Rothschild and Redburn | On the merger of Redburn and Atlantic Equities
  • Siemens Energy | On the sale of its high-voltage components division Trench to Triton and the joint venture with KONČAR
  • Triton | On the acquisition of the fertilizer business unit Compo from K+S
  • Worldline | On the sale of business activities to Global Payments and to BNP Paribas Fortis, on the acquisition of Payla Servcies as well as on restructurings
  • WOW Tech Group and shareholders | On the business combination with Lovehoney goup
  • NTT Data | On cross-border mergers of non-EU companies into EU companies and on changes of legal form into SEs
  • Siemens Gamesa Renewable Energy | On restructurings of the group structure
  • Transatlantic Reinsurance | On the reorganisation of the European business activities
  • Advising financial institutions and financial service companies on fund structuring as well as on individual fund investments
  • In-house advisory on strategic tax planning as well as group reorganisations
  • In-house advisory in the context of post-closing management and the enforcement of and defence against tax-related contractual claims

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Memberships & Roles

  • Presidium member of the Bavarian section of the International Fiscal Association
  • Member of Forum Transactions in Tax Law
  • Member of Munich Company Taxation Forum
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Publications

  • Annotation regarding Sec. 11 German Transformation Tax Act (merger of corporations) in the Transformation Law commentary by Böttcher/Habighorst/Schulte, 3rd edition 2023, pp. 1375-1447
  • Draft of the Growth Opportunities Act - Reform of the retention taxation under Sec. 34a German Income Tax Act and the option of taxation as a corporation under Sec. 1a German Corporate Income Tax Act, NWB-EV 2023, pp. 302-306, co-author Luise Uhl-Ludäscher
  • Value added tax group with a Societas Europaea (SE) – organisational integration in the one-tier system, DB 2023, p. 923-929, co-author Christian Linseisen
  • Annotation regarding the chapters Taxation as well as Business Incentives in Sweet & Maxwell (Ed.), Doing Business in Europe | Germany, loose-leaf/February 2022, co-author Martin Mohr
  • Domestic and international aspects of management participations, IWB 2022, p. 51-60 (part 1) und p. 86-96 (part 2), co-author Isabella Denninger
  • BDI/CMS/WKGT: The option model for taxation as a corporation, September 2021, article „International challenges for companies and shareholders“, p. 79-85, co-authors Angelika Thies and Björn Demuth
  • Check-the-box pursuant to KöMoG – practical implications for holding activities, real estate management and succession, NWB-EV 2021, p. 185-193, co-author Luise Uhl-Ludäscher
  • Remote working abroad – relevance of tax law for employers, NZA 2021, p. 102-107, co-author Isabella Denninger
  • Global Legal Insights - Corporate Tax 2020 | Germany, p. 44-53, co-author Martin Mohr
  • Taxation of management participation programs – transformation of bonus payments in phantom stock, DStR 2019, p. 2615-2622, co-author Isabella Denninger
  • Mandatory disclosure of tax planning arrangements: Ministerial draft bill of the Federal Ministry of Finance, NWB-EV 2019, p. 96-104, co-author Philine Lindner
  • Annotation regarding Sec. 11 German Transformation Tax Act (merger of corporations) in the Transformation Law commentary by Böttcher/Habighorst/Schulte, second edition 2018, p. 1375-1447
  • Tax planning deliberations on Brexit – cross-border change of legal form of a UK Ltd with administrative headquarters in Germany into a German GmbH, DStR 2018, p. 1898-1902
  • Secondary liability of the assignee of non-performing loans according to sec. 13c German Value Added Tax Act in case of insolvency of the entrepreneur, DB 2018, p. 2268-2273
  • Company acquisition in a multi-tier group of companies – tax deductibility of acquisition costs in view of expected synergies, Ubg 2018, p. 309-322, co-author Matthias Grundke
  • Trade tax on intrayear sale of interest in commercial partnership – compensation agreements and disposal planning for private individuals invested in two-tier partnerships, FR 2017, p. 862-877
  • Recontribution agreements and proper implementation of profit transfer agreements in the meaning of sec. 14 para. 1 sent. 1 no. 3 sent. 1 German Corporate Income Tax Act, DStR 2017, p. 86-90, co-author Matthias Schell
  • Annotation regarding Sec. 11 German Transformation Tax Act (merger of corporations) in the Transformation Law commentary by Böttcher/Habighorst/Schulte, 2014, p. 1358-1424
  • The envisaged anti “RETT-blocker” rule in the German Real Estate Transfer Tax Law, BB 2013, p. 343-350, co-author Andreas Schaflitzl
  • Withholding taxes on open real estate funds – envisaged aggravation in the Annual Tax Act 2010, BB 2010, p. 2855-2860, co-author Elmar Bindl
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Lectures list

  • Lecture event of the International Fiscal Association on 26 January 2023 in Munich on the topic "transformations in a cross-border context", co-speakers Maria Bichler, Nadin Fink, Johannes Günther
  • Lecture and panel at the CMS Tax Conference on 18 May 2022 in Paris on Pillar Two with Laurence Jaton, Daniel Gutmann, Annabelle Bailleul-Mirabaud and Stefano Giuliano
  • Lecture event of the International Fiscal Association on 27 January 2021 in Munich on the topic "distributions across the border - practical application questions and current developments", co-speakers Eva Oertel and Matthias Grundke
  • Lecture event of the Young IFA Network on 22 November 2017 in Munich on the topic "correspondence principle for hidden profit distributions and hidden contributions in a cross-border context", co-speaker Matthias Grundke
  • Lecture event of the Young IFA Network on 17 June 2014 in Munich on the topic "transactional practice concerning real estate transfer tax (RETT)", co-speaker Stephanie Wiesner
  • Various client seminars and podcasts on current topics such as M&A/post merger integration, check-the-box election , DAC 6, mobile working, real estate transactions
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Education

  • 2012: Admitted as Tax Adviser
  • 2003 - 2009: Law and economics studies at the University of Augsburg, Lund University (Sweden) and Pepperdine University (USA)
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Expertise

Feed

02/10/2024
CMS advises BIP on the acquisition of a majority stake in SEP AG
Frankfurt am Main, 02.10.2024 – BIP Capital Partners (“BIP”) has acquired a majority stake in SEP AG from the founding family and their co-shareholders with the investment fund BIP Interim SCSp, which it advises, as part of a succession solution. Susanne Moosreiner, CEO and co-founder, as well as other employees, will remain minority shareholders in the company after the transaction through a reinvestment. SEP AG, based in Holzkirchen, is a specialized software provider of data protection solutions that enable companies and organizations to back up their data around the clock and fully restore it in the event of a disaster.A CMS team led by partner Dr. Peter Polke provided comprehensive legal advice to BIP. BIP invests in medium-sized companies with clear growth prospects, particularly in Germany, the Benelux countries, Austria and Switzerland. The investment funds advised by BIP support the further development and growth of companies in various sectors, both through extensive expertise and by financing further growth initiatives or acquisitions. Press Con­tact presse@cms-hs. com
News
05/09/2024
CMS advises Bechtle on acquisition of IT services provider s.i.g.
Stuttgart, 05.09.2024 – Bechtle AG has acquired s.i.g. System Informations Gesellschaft mbH, which is based in Neu-Ulm and also has two other locations in Erfurt and Jena. The deal enables Bechtle to strengthen its market position in the economic region around Ulm. It also adds industrial IT to the firm’s product portfolio, i.e. contract manufacturing of IT infrastructure and networks in production environments. The acquisition is part of Bechtle’s growth strategy in the administrative district of Swabia. The transaction is currently awaiting approval from the competition authorities.A CMS team headed by lead partner Dr Tobias Schneider advised Bechtle AG on all legal aspects of the deal. Bechtle is a longstanding CMS client and is regularly advised by CMS on M&A projects. Bechtle AG is one of Europe’s leading IT system integrator businesses and IT e-commerce companies. IT services provider s.i.g. was established in 1997 and generated sales of EUR 25.4 million in the last financial year. The company currently employs some 50 people. CMS Germany Dr Tobias Schneider, Lead Partner Dr Maximilian Eitelbuß, Senior Associate, Co-Lead, both Corporate/M&A Dr Harald Kahlenberg, Partner, Com­pet­i­tion/Mer­ger Control Dr Martin Mohr, Partner Jörg Schrade, Partner, both Tax Carla Kaeber, Associate, Banking & FinancePress Con­tact presse@cms-hs. com
Deals
26/08/2024
CMS advises shareholder of Behrendt GmbH on sale to viataurus Group
Frankfurt/Main, 26.08.2024 – Behrendt GmbH, a leading installation service provider for the implementation of modern electrical, communication and security solutions in large new commercial and residential buildings in the Hamburg metropolitan area, has been sold to the viataurus Group, a portfolio company of financial investor Ufenau Capital Partners, as part of a succession solution. The parties have agreed not to disclose details of the transaction.A CMS team headed by partner Dr. Joachim Dietrich advised the shareholder of Behrendt GmbH on all legal aspects of this transaction. Press Con­tact presse@cms-hs. com
News
12/08/2024
CMS tax team advises private equity investor Fidelium Partners on acquisition...
München, 12.08.2024 – Private equity investor Fidelium Partners has acquired the J.W. Ostendorf and Renaulac business activities in Germany and France from Hempel A/S, a world-leading supplier of paint and coatings based in Denmark. The acquisition includes the production site in Germany, the stores in France, around 500 employees and the customer base. Other details of the transaction were not disclosed.A CMS team comprising partner Jörg Schrade and Christian Linseisen advised Fidelium Partners on selected tax aspects of the transaction. Munich-based Fidelium Partners is an investment company with a focus on complex corporate carve-outs. The PE investor specialises in businesses throughout Europe with potential for operational improvement. CMS Germany Jörg Schrade, Lead Part­ner Chris­ti­an Linseisen, Senior Associate, both Tax Inhouse at Fidelium Partners Dr Benjamin Leuchten, General Counsel, LegalPress Con­tact presse@cms-hs. com
Deals
22/07/2024
Strategic cooperation in European energy sector: CMS advises Siemens Energy...
Munich, 22.07.2024 – Siemens Energy and KONČAR d.d. (ZSE, KOEI) have signed a joint venture agreement for the production of transformer tanks. The deal will see KONČAR holding a 60% stake in KONČAR-Trans­former Tanks, with Siemens Energy holding 40%. The joint venture will establish a transformer tank manufacturing facility at KONČAR’s Sesvetski Kraljevec site, significantly boosting production capacity. The European Union’s Green Transition initiative has led to surging demand for transformers, which prompted the two companies to form a joint venture aimed at meeting this demand. The agreement is subject to the usual regulatory conditions. An international CMS team headed by partner Jörg Schrade advised Siemens Energy on all tax aspects of the joint venture. The advice related in particular to the joint venture agreement and shareholder agreement as well as struc­tur­ing-re­lated issues. KONČAR is a leading Croatian company in the electrical industry. Its core business includes products, services and solutions across four segments: power generation, power transmission and distribution, rail transport and infrastructure, and digital solutions and platforms. Siemens Energy is a global leader in energy technology. The company delivers technologies that support a sustainable energy future in the field of power generation equipment, transmission technologies, grid management, renewable energy, and digital solutions for the energy sector. CMS Germany Jörg Schrade, Lead Partner Eduard Kosavtsev, Senior Associate, both Tax CMS Croatia Tamara Jelić Kazić, Partner Marko Starčević, Senior Tax Manager Mirta Klaić, Senior Associate, all TaxPress Con­tact presse@cms-hs. com
Deals
02/07/2024
CMS advises listed U.S. provider of fertility and women’s health benefits...
Frankfurt/Main, 02.07.2024 – Progyny, Inc., a leading US-based, Nasdaq listed company specializing in women’s health, fertility, and family building benefits, has acquired all shares of Apryl GmbH. Apryl GmbH is a Berlin-based fertility benefits provider founded in 2019 that offers companies a consulting and mediation platform in the areas of family planning, fertility, and reproductive health for their employees in a B2B context. With this acquisition, Progyny aims to enhance its operations in the global market. The parties involved have agreed to keep the transaction details confidential.A CMS team led by Dr Heike Wagner advised Progyny on all legal aspects in connection with this transaction. Press Con­tact presse@cms-hs. com
News
19/06/2024
CMS advises Valmet on joint venture with Körber to advance the digital...
Frankfurt/Main, 19.06.2024 – The Finnish leading global technology group Valmet has signed a joint venture agreement with Körber, a leading international technology group based in Hamburg, to further strengthen FactoryPal. FactoryPal, a venture of Körber, is a provider of software developed for tissue converting operations that improves shopfloor manufacturing performance and productivity. The software empowers tissue mill teams to achieve seamless operations by generating and utilizing high quality data combined with state-of-the-art user experience and advanced AI. According to the joint venture agreement, Valmet will become the majority shareholder of FactoryPal, which will continue operating as an own legal entity under the existing brand. The set up of the joint venture is subject to customary closing conditions. The closing of the agreement is estimated to occur at earliest on August 1st, 2024. The joint venture follows Valmet’s acquisition of Körber’s Business Area Tissue that was completed in November 2023.A CMS team headed by lead partner Dr Peter Polke advised Valmet on all legal aspects of the joint venture. Valmet, headquartered in Espoo, Finland, is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With its automation systems and flow control solutions the company serves a wider base of process industries. Valmet’s shares are listed on the Nasdaq Helsinki. The company’s net sales in 2023 were approximately EUR 5.5 billion. Press Con­tact presse@cms-hs. com
News
06/06/2024
CMS advises Centro Hotel Group on the sale of a hotel portfolio to HR Group
Frankfurt/Main – The Hamburg-based Centro Hotel Group has sold a portfolio comprising 34 hotels to the Berlin-based HR Group (HRG). The transaction has been completed as of June 1 and comprises 18 affiliated hotel companies with a total of more than 2,800 rooms in Germany, Austria and the Netherlands as well as the management platform of the hotels, which is based in Hamburg. Centro Hotels is positioned in the midscale segment and operates under the brands Centro Hotels, NinetyNine, FourSide, Boutique and NYCE. The focus of its range of services is on business and city breaks in major cities. All employees of the hotels and the headquarters in Hamburg will be taken over. The Hamburg team will continue to manage the hotels as an independent business unit.A CMS team headed by lead partner Dr Peter Polke provided comprehensive legal advice to Centro Hotel Group on this transaction. Centro Hotel Group operates several hotels throughout Germany and Europe. One strategic focus is to implement high quality standards in product and design in combination with excellent locations and attractive prices. Press Con­tact presse@cms-hs. com
News
29/05/2024
Recent changes on taxes levied on consumption and the potential impacts...
The Brazilian market is currently undergoing significant changes in its tax system, with focus on simplification and international alignment. One of the major changes involves a reform of the taxes imposed on the consumption of goods and services. The objective is to restructure the tax system, ease compliance obligations, and eliminate cascading effects resulting from the imposition of these taxes. A notable aspect of this reform is the adoption of a dual VAT system. The dual VAT system is designed to replace existing taxes on consumption. These changes indicate a strategic shift towards a more efficient taxation approach. In addition to con­sump­tion-re­lated taxes, recent updates include a new transfer pricing legislation aligned with the guidelines set by the Organization for Economic Cooperation and Development (OECD). This demonstrates Brazil's commitment to international standards and practices, providing a more globally consistent framework for multinational groups operating in the country. Overall, the anticipation of a decrease in bureaucratic obstacles for tax compliance and a more predictable tax treatment for transactions involving related parties is a positive signal for investors. This can potentially create a more favorable business environment, encouraging both local and foreign investors to consider initiating or expanding their operations in Brazil. For a deeper dive into these transformative changes in the Brazilian tax landscape, you are invited to participate in this webinar. The session will be a great source of insights for investors seeking to navigate and capitalize on the emerging opportunities in the Brazilian market. The webinar will be presented by Juliana Porchat de Assis, partner in Tax Planning, Transactional, and International Operations practices at FAS Advogados in cooperation with CMS.
Event Webinar
09/04/2024
CMS advises TIS on sale to Marlin Equity Partners
Munich – Treasury Intelligence Solutions GmbH (TIS) has announced that it has signed a binding agreement to sell a majority stake to global investment firm Marlin Equity Partners (Marlin). TIS, a global leader in cloud-native cash management, liquidity and payment solutions, will use the investment to which Marlin has committed under the terms of the deal to drive forward growth of the company and expand the product range. The transaction is expected to complete in the second quarter of 2024. TIS co-founder Jörg Wiemer, Aquiline Capital Partners LP and the management team will retain a significant minority interest in the company.A CMS team headed by partner Dr Jessica Mo­haupt-Schneider and counsel Dr Christoph Küster advised both the company and the management team on specific legal aspects of concluding the agreement. The company and its management team have thus again relied on CMS’s expertise, after a CMS team recently worked on the acquisition of Cashforce, a Belgian fintech start-up offering AI-powered cash management and cash forecasting solutions. CMS Germany Dr Jessica Mo­haupt-Schneider, Lead Partner Dr Christoph Küster, Lead Counsel Dr Tilman Weichert, Part­ner Mar­i­elouise Emmer, Senior As­so­ci­ate Mat­thi­as Unger, Senior Associate Maria Kucher, Associate, all Corporate/M&A Jörg Schrade, Partner, TaxPress Con­tact presse@cms-hs. com
Deals
04/04/2024
Cross-border mergers under the new rules
The German Act on the Implementation of the EU Mobility Directive (UmRUG) offers new structuring options and introduces changes to cross-border mergers as well.The entry into force of the German Act on...
Law-Now
26/03/2024
CMS advises sellers of Cardior Pharmaceuticals on potential acquisition...
Munich – CMS advises the sellers of Cardior Pharmaceuticals in the potential acquisition of the company by Novo Nordisk. Novo Nordisk has agreed to acquire Cardior for up to 1.025 billion Euros, including an upfront payment and additional payments if certain development and commercial milestones are achieved. The agreement includes Cardior’s lead compound CDR132L, currently in phase 2 clinical development for the treatment of heart failure. The closing of the acquisition is subject to receipt of applicable regulatory approvals and other customary conditions. It is expected to happen in the second quarter of 2024.A CMS team headed by Lead Partners Stefan-Ulrich Müller, Dr Tilman Weichert and Jörg Schrade advised the sellers of Cardior Pharmaceuticals on all legal aspects of the transaction. Cardior Pharmaceuticals GmbH, based in Hannover, Germany, is a leading clinical-stage bio­phar­ma­ceut­ic­al company pioneering the discovery and development of RNA-based therapeutics designed to prevent, repair and reverse diseases of the heart. The company’s therapeutic approach uses distinctive non-coding RNAs as an innovative platform for addressing the root causes of cardiac dysfunctions. CMS Germany Stefan-Ulrich Müller, Lead Partner Dr Tilman Weichert, Lead Partner Dr Michael Wangemann, Partner Dr Kai Wallisch, Partner Dr Thomas Mühl, Principal Coun­sel Se­basti­an Hummel, Senior As­so­ci­ate Vikt­or­ia Barthel, Senior As­so­ci­ate Mar­i­elouise Emmer, Senior Associate Dr Carl-Friedrich Thoma, Senior Associate Dr Stefan Kühl, Senior Associate Dr Alexander Weinhold, Senior Associate Maria Kucher, Associate Jonas Ohmann, Associate Dr Josephine Doll, Associate Dr Christian Seeburger, Associate Sonja Schanze, Associate, all Corporate/M&A Dr Marie-Luisa Loheide, Associate, Private Clients Jörg Schrade, Lead Partner Eduard Kosavtsev, Senior Associate, both Tax Stefan Lehr, Partner, Antitrust, Competition & Trade Stefan Lüft, Partner, IP Dr Benedikt Forschner, Partner, Labor, Employment & Pensions Dr Markus Kaulartz, Partner Dr Fiona Savary, Counsel Dr Felix Glocker, Senior Associate, all TMC Dr Tilman Niedermaier, Partner Susanne Schwalb, Partner, both Dispute ResolutionPress Con­tact presse@cms-hs. com
Deals
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