Dr. Daniel Splittgerber represents clients in complex financial restructurings and distressed situations, with an emphasis on complex German and cross-border transactions.

Daniel advises on complex, cross-border distressed situations. He regularly guides international and German clients through both in-court and out-of-court restructurings, rescue financings, and distressed acquisitions. His clients include:

  • Creditors
  • Companies and their management teams
  • Investors and shareholders

He leverages an extensive background in financial analysis and a strategic mind set to help clients stabilize distressed situations and optimize returns. Daniel establishes trusted relationships with clients to comprehensively understand their goals and effectively implement solutions to achieve them. 
A recognized thought leader, Daniel regularly speaks at industry conferences and publishes on insolvency law and topical issues on the restructuring market. He also maintains an active pro bono practice and has served on both the firm’s Pro Bono Committee and the board of Pro Bono Deutschland e.V.

Daniel obtained his doctorate with a thesis on enterprise groups’ treatment under German insolvency law, for which he earned the Harry-Westermann Award for outstanding dissertations.  

Daniel’s recent experience includes advising:

Creditors

  • Group of banks and funds on a lender-led debt-for-equity restructuring and recapitalisation of a leading global processing technology group based in Germany
  • A club of private credit investors on an amendment and extension and subsequent debt and equity restructuring of c. €200 million of term and revolving facilities for a German based consumer software business
  • Ad hoc committee of lenders to ARVOS on its c. €590 million debt and equity recapitalization transaction, implemented via a UK scheme of arrangement 
  • Creditors committee in relation to the c. US$2 billion financing arrangements and comprehensive recapitalization of Flint Group, a global supplier to the printing and packaging sectors 
  • H&A Global Investment Management (HAGIM) on the refinancing of Feuer powertrain Group
  • The bank consortium of STEAG’s parent company on restructuring the group with a view toward coal’s phase-out
  • An ad-hoc committee of unsecured creditors on the Steinhoff’s global restructuring
  • A lenders steering committee on a German steel producer’s financial restructuring
  • The senior lenders and steering committee on Kathrein’s financial and operative restructuring
  • Senior lenders and steering committee on Tom Tailor’s refinancing and financial restructuring
  • Senior lenders on battenfeld-cincinatti’s restructuring
  • Senior lenders on a major German retail company’s refinancing and operational restructuring

Companies and Management

  • ACCENTRO Real Estate on its debt and equity recapitalization and completion of the first German StaRUG process, which did not require a capital reduction to zero
  • DEMIRE Deutsche Mittelstand Real Estate on the restructuring and partial redemption of
  • PlusServer, a German cloud-services provider, on its debt and equity restructuring transaction via an English scheme of arrangement
  • SGB-SMIT GmbH in connection with the amendment and extension of its existing loans under a UK Restructuring Plan
  • Lumileds Holding B.V. and its affiliates on their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1.7 billion of their funded debt
  • ACCENTRO Real Estate on its comprehensive refinancing of two bonds in a procedure under the German Bond Act (Schuldverschreibungsgesetz)
  • Hellmann Worldwide Logistics on its refinancing and operational restructuring
  • Löwen Play / Safari Holding Verwaltungs GmbH on the financial restructuring and recapitalization, which involved the first UK scheme of arrangement for a German issuer post-Brexit
  • A German metal and steel construction company on its financial and operational restructuring

Investors and Shareholders

  • Apollo on its: 
    • €3 billion investment in Bayer’s LARC business
    • €3.2 billion investment in Joint Venture with RWE
  • Unsere Grüne Glasfaser on the acquisition of Infrafibre Germany
  • Carlyle Group on the acquisition, restructuring, and sale of Klenk Holz
  • Centerbridge on Senvion’s restructuring
  • A Chinese shareholder on a major German steel company’s corporate reorganization and governance

Bar Qualification

  • Rechtsanwalt (Germany)

Education

  • Second German State Exam, Higher Regional Court, Düsseldorf, 2012
  • Dr. iur., Westfälische Wilhelms-University, 2010
  • Executive MBA (Mergers & Acquisitions), Westfälische Wilhelms-University, 2010
  • First German State Exam, Westfälische Wilhelms-University, 2008

Languages Spoken

  • English
  • German