Michael Stein

Michael is a proven specialist and solution-oriented negotiator for complex M&A and private equity transactions. He represents the interests of strategic and financial investors from Germany and abroad, including hospital operators, medical care centre operators, medical technology and life sciences companies, and other healthcare providers - a range that reflects his strong industry expertise.

Michael´s portfolio includes advice on large corporate transactions acting either on the side of the buyer or the seller, but also on restructuring, joint ventures, minority shareholdings, management investments and general corporate law issues.

Michael published a number of contributions on corporate law matters in trade journals and has given talks on Private Equity related topics on a regular basis. He is co-author of the handbook on medical and healthcare law (Beck’sches Formularbuch Medizin- und Gesundheitsrecht).

He co-heads the International Life Sciences & Healthcare industry group.

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Career

Since 2010	Partner, Taylor Wessing
2001 – 2010	Associate/Counsel, Corporate M&A/Private Equity, Hogan Lovells, Frankfurt am Main and London

Education

2001	Admitted and established as a lawyer, Frankfurt am Main
2000	Second state examination, Koblenz
1998	First state examination, Trier

1993 – 1998

Law studies, Trier and Seville

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Publications

Steigende Haftungsrisiken für Klinikgeschäftsführung - So stellen Sie rechtzeitig die entscheidenden juristischen Weichen, in: Klinik Management aktuell, Sonderdruck 09/2020, 25. Jg., S. 46-49, gemeinsam mit Christopher Peine

Herausforderungen für M&A-Projekte durch die Corona-Krise: Auswirkungen auf Kaufpreis, Kaufpreisfindung und -sicherung, in: M&A Review, 06/2020, gemeinsam mit Christopher Peine

Der M&A- und Private-Equity-Markt im Life Sciences und Healthcare-Sektor, in: Health&Care Management, 04/2020, gemeinsam mit Christopher Peine

Transaktionen – Veräußerung und Erwerb von Krankenhäusern, Rehabilitations- und Pflegeeinrichtungen (Kapitel J.), in: Scholz/Treptow, Beck’sches Formularbuch Medizin- und Gesundheitsrecht, 1. Auflage 2017, gemeinsam mit Christopher Peine

Die Suche nach dem richtigen Partner – Strukturfragen der Gesundheitsholding, in: HCM Kolumne, 03/2017, gemeinsam mit Christopher Peine

Finanzinvestoren im Gesundheitsmarkt – Transaktionen und Kooperationen als Bestandteil der Investitionsstrategie, in: HCM Kolumne, 01/2017, gemeinsam mit Christopher Peine

Die Verbundlösung - eine Bestandsaufnahme aus rechtlicher Sicht, in: HCM Kolumne, 11/2015 und HCM Ausgabe 1-2/2016, 7. Jg., S. 53, gemeinsam mit Christopher Peine

Unternehmensverkäufe: Exklusiv-Vereinbarungen versus Auktion, in: FYB Financial Yearbook, 12/2014

Kostendruck, knappe Kassen und die Konsolidierung des Marktes Rosige Zeiten für Privatinvestoren im Gesundheitswesen, in: NZS 2011, 525 ff., gemeinsam mit Oliver Klöck

Anmerkung zu BGH-Urteil vom 11.12.2006 – II ZR 243/05, Haftung eines fakultativen Aufsichtsrats einer GmbH, DZWiR 2007, 327 ff.

Anmerkung zu BGH-Urteil vom 16.01.2006 – II ZR 76/04, Kapitalaufbringung bei der GmbH im Rahmen eines sog. Cash-Pool-Systems, DZWiR 2006, 248 ff.

Kapitalerhaltung bei GmbH und AG, DZWiR 2004, 493 ff.

Additional languages

English

Hungarian

Spanish

Expertise

Sectors Life sciences & healthcare Health & social care and investors Medical devices Pharmaceuticals

Experience

NORD Holding and Zentrum Gesundheit on the acquisition of REALEYES Group	The NORD Holding portfolio company Zentrum Gesundheit, the leading ophthalmology group in Lower Saxony, has acquired the majority in REALEYES Group. REALEYES is a market-leading premium provider in the field of ophthalmology in the greater Munich area with over 100 employees at a total of 21 locations. REALEYES offers a wide range of medical treatments in addition to a growing refractive range.
Nordmed Healthcare GmbH (Medicover Gruppe) on the acquisition of AWO Krankenhaus Calbe	Advised Nordmed Healthcare GmbH (Medicover Group) on the acquisition of AWO Krankenhaus Calbe, a hospital for internal medicine with a geriatric focus. Medicover Group provides integrated and high-quality healthcare services.
NORD Holding on the acquisition of Zentrum Gesundheit Gruppe	Advised NORD Holding Unternehmensbeteiligungsgesellschaft mbH on the acquisition of a majority interest in Zentrum Gesundheit Group from Waterland Private Equity Investments. Zentrum Gesundheit is a leading German group of eye surgery and diagnostic centers.

Oberberg GmbH on acquisition of Panorama Fachkliniken	Advised Oberberg GmbH on the acquisition of Panorama Fachkliniken (Scheidegg/Allgäu).) As a result of the acquisition, the Berlin-based company's nationwide network will in future be made up of thirteen facilities, making it the leading quality association of private clinics in the field of psychiatry, psychotherapy and psychosomatics in the German-speaking countries.
The Cadmus Group LLC on the acquisition of ifok and Meister Consultants Group	Advised The Cadmus Group LLC, a leading US strategy consultancy on the acquisition of the consulting companies ifok GmbH and Meister Consultants Group.
Trilantic Capital Partners on the acquisition of Oberberg Group	Advised Trilantic on the acquisition of Oberberg Group, the largest association of private hospitals in the field of psychiatry, psychotherapy and psychosomatics in German-speaking countries, from Odewald & Compagnie. Largest German hospital deal in 2017.

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Awards

Leaders League 2022	Excellent lawyer: Healthcare, pharmaceuticals & biotech
The Best Lawyers™ in Germany 2020- 2022	Leading individual: Private Equity