Dr. KlausHerkenroth

Partner

Frankfurt + 49.69.9726.3939

Dr. Klaus Herkenroth has 30 years of experience advising on German and international tax law. He focuses on the taxation of derivatives and securitizations, complex domestic and cross-border M&A transactions, and business restructurings. Klaus has handled multibillion dollar financing transactions involving consumer goods, real estate, market research, and industrial filtration. He also has extensive experience in fund formation and the structuring of real estate investments.

Prior to joining Jones Day in 2015, Klaus was head of the German tax department at an international law firm in Frankfurt for 15 years.

Klaus is a lecturer on tax at Justus-Liebig-Universität Gießen. He regularly publishes on current tax topics.

Experience

  • ebase GmbH to acquire securities business of Augsburger AktienbankJones Day is advising European Bank of Financial Services GmbH (ebase) in the acquisition of the securities business of Augsburger Aktienbank AG.
  • Renewable Energy Holding S.à r.l. acquires Windpark Lauda-Heckfeld GmbH & Co. KGJones Day advised Renewable Energy Holding II Sarl, a Luxembourg-based fund, on the acquisition of Windpark Lauda-Heckfeld GmbH & Co. KG, an SPV operating an onshore wind farm in Bade-Wuerttemberg, Germany, from a German renewable energy group.
  • Celonis raises $290 million in Series C funding roundJones Day represented Celonis SE, a Munich-based unicorn for process mining software, in connection with the US$290 million Series C financing round led by Arena Holdings and other U.S. investors based on a company valuation of US$2.5 billion.
  • Deutsche Beteiligungs AG sold investment in InfianaJones Day advised DBAG Fund VI, a fund advised by Deutsche Beteiligungs AG (DBAG), on the auction sale of the portfolio company Infiana Group GmbH and indirectly all of its subsidiaries to funds advised by Pamplona Capital Management.
  • StepStone Group forms joint venture with ActivumJones Day advised StepStone Group LP on the formation of a joint venture with Activum SG, an investor in European real estate related sectors, in connection with its investment in four residential and commercial real estate assets located in Spain and Germany.
  • Exide Technologies completes $1.1 billion comprehensive new financing and recapitalizationJones Day represented Exide Technologies, a global leader in stored energy solutions for the automotive and industrial markets, in connection with a comprehensive new financing and recapitalization transaction.
  • Volkswagen Bank renews auto-loan securitization programme in compliance with STS requirements under EU Securitization RegulationJones Day represented Volkswagen Bank GmbH, a subsidiary of Volkswagen AG, as originator, in connection with an auto loan securitization programme for the issuance by Driver Master S.A. (acting with respect to its Compartment 1) of up to €10 billion asset-backed floating rate Class A Notes and asset-backed floating rate Class B Notes.
  • SAP sells Content as a Service (CaaS) business to VeriskJones Day advised SAP SE in the sale of its Content as a Service (CaaS) business, which includes the Environmental Health and Safety Regulatory Content (ERC) and Environmental Health and Safety Regulatory Documentation (ERD) teams and data assets to Verisk, a leading data analytics provider.
  • INVISTA sells German HVA polymer asset to Indorama VenturesJones Day advised INVISTA in the sale of INVISTA Resins & Fibers GmbH to Indorama Ventures Public Company Limited.
  • SolEs Montalto sold 78.5% stake in largest PV plant in ItalyJones Day advised SolEs Montalto GmbH, an investment fund managed by the AREAM group – a European asset manager in the renewable sector headquartered in Dusseldorf, Germany – on the sale of 78.5% of the shares in a company which manages two photovoltaic plants with a total installed capacity of 51.4 MW in Montalto di Castro, Italy, to ERG Power Generation S.p.A., an affiliate of the ERG group.
  • Findos Investor acquires worldwide business of Röder HTS Höcker GmbHJones Day advised funds managed by Findos Investor in connection with acquisition of the entire worldwide business operations of Röder HTS Höcker GmbH.
  • Molex acquires Laird Connected Vehicle Solutions divisionJones Day advised Molex Electronic Technologies, LLC, a leading global manufacturer of electronic solutions, on its acquisition of the Connected Vehicle Solutions division of Laird Limited.
  • Procter & Gamble acquires consumer health business of Merck KGaAJones Day advised The Procter & Gamble Company (“P&G”) in its €3.375 billion ($4.2 billion) acquisition of the worldwide consumer health business of Merck KGaA.
  • Aurora Resurgence sells Alltub Group to One Equity PartnersJones Day advised Aurora Resurgence in the sale of portfolio company Alltub Group to One Equity Partners.
  • Georgia-Pacific sells European nonwovens business to Glatfelter for $185 millionJones Day advised Georgia-Pacific LLC ("GP") in the sale of its European nonwovens business to Glatfelter, a global manufacturer of specialty papers and engineered products, for $185 million.
  • Ferro acquires Ernst-Diegel GmbHJones Day advised Ferro Corporation in its acquisition of Ernst-Diegel GmbH.
  • Reifen Krieg Group acquired by European FinTyre Distribution LimitedJones Day advised the current owners of Reifen Krieg on the disposal of privately held Reifen Krieg Group, a leading full-range tire wholesaler in Germany, to European FinTyre Distribution Limited ("EfTD").
  • Reifen-Müller acquired by Hankook TireJones Day advised Reifen-Müller on the sale of the company, one of Germany's largest and independent tire wholesalers and retailers, to Hankook Tire.
  • CORSAIR acquires Elgato GamingJones Day advised Corsair Gaming, Inc., a portfolio company of EagleTree Capital, in connection with the acquisition of the gaming division of Elgato Systems GmbH, which develops, designs and manufactures video game streaming software and hardware products.
  • capsensixx completes IPO of Common Shares in Germany and LuxembourgJones Day advised capsensixx AG as issuer's counsel in its initial public offering of Common Shares in Germany and Luxembourg with a concurrent private placement in certain jurisdictions outside of the U.S. and subsequent listing of the entire share capital on the Prime Standard of the Frankfurt Stock Exchange.
  • Speaking Engagements

    • November 20, 2017
      Workshop: Wir lüften das Steuergeheimnis – Besteuerung von Immobilientransaktionen (Taxation of real estate transactions)
    • November 9, 2017
      Workshop: Wir lüften das Steuergeheimnis – Besteuerung von Immobilientransaktionen (Taxation of real estate transactions)
    • September 14, 2017
      Workshop: Wir lüften das Steuergeheimnis – Gewerbe- und umsatzsteuerliche Risiken bei der Vermietung von Immobilien (Trade and value added tax risks from letting real estate)
    • September 12, 2017
      Workshop: Wir lüften das Steuergeheimnis – Gewerbe- und umsatzsteuerliche Risiken bei der Vermietung von Immobilien (Trade and value added tax risks from letting real estate)
    • May 20, 2017
      3. Leipziger Konferenz „Mergers & Acquisitions“, Verlustvorträge bei VC-Investments (Loss carryforwards for VC investments)
    • September 8 - October 20, 2016
      Webinar: Debt Fonds - Praxisreihe zu Aufsatz, Rendite und Strukturen & Co.
    • September 8 - October 20, 2016
      Debt funds – a webinar series on structuring and practical issues as well as returns achievable with debt funds
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