David Rath

Partner, Frankfurt

Biography

“David Rath offers great balance, judgement, rigour and hard work, and is also incredibly good at finding solutions and leaving no stone unturned.",
Chambers 2024

“David Rath is sought after for his expertise in IPOs, dual-track transactions and de-SPACs. He is particularly active advising underwriting consortiums.”
Chambers 2024

Overview

David Rath is a partner in White & Case's Global Capital Markets Practice.

He advises corporate and private equity clients as well as investment banks on a broad range of German and international equity capital markets transactions. David's extensive transactional experience enables him to combine sophisticated legal advice and a pragmatic approach to crafting solutions for clients in Germany and around the world. His work encompasses many of the German market's most significant and complex IPOs, spin-offs and capital raisings in recent years.

David also helps corporate clients navigate life as a public company after a listing, including advising clients on German stock corporate and capital markets law, as well as takeover law matters.

Before joining White & Case, David practiced at other leading international law firms in Frankfurt.

Bars and Courts
Rechtsanwalt
Education
Second State Exam
Higher Regional Court of Frankfurt
First State Exam
Ruprecht-Karls-University of Heidelberg
Maîtrise en Droit
Université Aix-Marseille
Languages
German
English
French

Experience

Representative transactions:

Douglas
Advised the underwriting banks on the €850 million IPO and listing of Douglas AG on the Frankfurt Stock Exchange, 2024. *

Birkenstock
Advised the underwriting banks on the $1.48 billion IPO and listing of Birkenstock Holding plc on the New York Stock Exchange (NYSE), 2023. *

MorphoSys
Advised the underwriting banks on the €103 million capital increase with exclusion of subscription rights of MorphoSys AG, 2023. *

thyssenkrupp nucera
Advised the syndicate of banks on the €526 million IPO and listing of thyssenkrupp nucera AG & Co. KGaA on the Frankfurt Stock Exchange, 2023. *

Cheplapharm
Advised Cheplapharm SE on its proposed IPO on the Frankfurt Stock Exchange as well as on the structured investment by global investment firms Atlantic Park and GIC with a total volume of €550 million, 2022. *

Synlab
Advised the underwriting banks on the €772 million IPO and listing of Synlab AG on the Frankfurt Stock Exchange, 2021. *

Majorel
Advised the underwriting banks on the €660 million IPO and listing of Majorel Group Luxembourg S.A. on the Euronext Amsterdam, 2021. *

Vitesco Technologies
Advised the financial advisors on the spin-off of the Vitesco business from Continental AG and the subsequent listing of Vitesco Technologies Group AG on the Frankfurt Stock Exchange, 2021. *

Mytheresa
Advised the underwriting banks on the $344 million IPO and listing of MYT Netherlands Parent B.V. (Mytheresa) on the New York Stock Exchange (NYSE), 2021. *

SUSE
Advised the underwriting banks on the €1.1 billion IPO and listing of SUSE S.A. on the Frankfurt Stock Exchange, 2021. *

Novem
Advised Novem Group S.A. on its IPO and listing on the Frankfurt Stock Exchange, 2021. *

MeinAuto
Advised MeinAuto Group AG on its proposed IPO and listing on the Frankfurt Stock Exchange, 2021. *

Siemens Energy
Advised the financial advisors on the spin-off of the Siemens Energy business from Siemens AG and the subsequent listing of Siemens Energy AG on the Frankfurt Stock Exchange, 2020. *

Nagarro
Advised Allgeier and Nagarro on the spin-off of the Nagarro business from Allgeier SE and the subsequent listing of Nagarro SE on the Frankfurt Stock Exchange, 2020. *

Jumia Technologies
Advised the underwriting banks on the €216 million IPO and listing of Jumia Technologies AG on the New York Stock Exchange (NYSE), 2019. *

Siemens Healthineers
Advised Siemens Healthineers AG on its €4.2 billion IPO as well as two subsequent capital increases without subscription rights with combined proceeds of €5bn to finance the acquisition of Varian, Inc., 2018/2021. *

CECONOMY
Advised CECONOMY AG on the anchor investment by freenet AG through a capital increase with exclusion of subscription rights (PIPE), 2018. *

Westwing 
Advised the underwriting banks on the €122 million IPO and listing of Westwing Group AG on the Frankfurt Stock Exchange, 2018. *

home24
Advised the underwriting banks on the €150 million IPO and listing of home24 SE on the Frankfurt Stock Exchange, 2018. *

HelloFresh
Advised the underwriting banks on the €277 million IPO and listing of HelloFresh SE on the Frankfurt Stock Exchange, 2017. *

Evotec
Advised Novo A/S on its anchor investment in Evotec AG through a capital increase with exclusion of subscription rights (PIPE), 2017. *

Uniper
Advised the financial advisors on the spin-off of the Uniper business from E. ON SE and the subsequent listing of Uniper SE on the Frankfurt Stock Exchange, 2016. *

Rocket Internet
Advised the underwriting banks on the €1.4bn IPO and listing of Rocket Internet SE on the Frankfurt Stock Exchange, 2014. *

*Matters prior to working for White & Case.

Awards and Recognition

Germany's Best Lawyers – Capital Market Handelsblatt 2023 and 2022

Next Generation Partner – Equity Capital Markets - The Legal 500 Deutschland 2024

Notable Practitioner – Capital Markets
IFLR1000 2024

"Technically one of the best and always collegial and cooperative", "simply excellent" (competitor) - JUVE 2023/2024

"David Rath offers great balance, judgement, rigour and hard work, and is also incredibly good at finding solutions and leaving no stone unturned.",

"David Rath is sought after for his expertise in IPOs, dual-track transactions and de-SPACs. He is particularly active advising underwriting consortiums." – Chambers 2024