Taylor Wessing advises the Giesecke+Devrient Group on the carve-out of the Trusted Connectivity Devices (TCD) business and the international reorganization of the Mobile Security business into ePayments (EP) and Mobile Security (MS)

Under the international lead of Munich partners Dr Peter Hellich and Dr Philip Cavaillès, Taylor Wessing advised the Giesecke+Devrient Group ("G+D Group") on the international reorganization of the Mobile Security division into two independent business units ePayments (EP) and Mobile Security (MS) by carving out the business with so-called Trusted Connected Devices (e.g. SIM cards, eSIM, iSIM) and on the corporate structuring and implementation.

The mandate included reorganization and corporate law measures (spin-offs, hive-downs, asset and share deals, capital measures and share contributions) in 16 jurisdictions on six continents.

Taylor Wessing managed its own international offices and external partner law firms in close coordination with the G+D Group's legal department. G+D Group, which specializes in security technologies in the areas of currency technology, financial platforms and digital security, operates worldwide and is setting the strategic course for the future with this reorganization, in particular for ePayments (EP) and Mobile Security (MS). The reorganization will allow both divisions to concentrate on the future development of their core competencies.

The project team consisted of several hundred participants from the legal, tax, finance, operations, IT, sales and other executive departments.

The Giesecke+Devrient legal team comprised Dr Reinhard Warmke (Director, Head of Legal Team Corporate Centre) and Alexandra Baumgartner LL.M (Senior Legal Counsel).  

Legal advisors to Giesecke+Devrient Group:

Taylor Wessing Deutschland: Dr Peter Hellich (Partner), Dr Philip Cavaillès (both Lead, Partner), Dr Daniel Schrembs (Salary Partner), Fritz Krings (Associate), Nora Safa (Associate), Inken Brandt (Associate), Aodhfinn Broderick (Paralegal) (all Corporate/M&A, Munich), Dr Christian Frank (Partner, IP/IT/Data Protection), Dr Jan Phillip Rektorschek (Partner, Patents), Dr Jonathan Kropp (Salary Partner), Philipp Koehler (Salary Partner), Dr Tim Jonathan Schwarz (Salary Partner) (all IP/IT, all Munich), Marc André Gimmy (Partner), Dr Klara Pototzky (Senior Associate), Dr Benedikt Groh (Senior Associate) (all Employment, Munich), Dr Bert Kimpel (Partner), Rudi Hasenberg (Salary Partner), Dr Philipp Weiten (Salary Partner), Elnaz Mehrkhah (Senior Associate) (all Tax, Dusseldorf and Frankfurt), Dr Michael Kieffer (Partner) (Commercial, Munich), Stephan Manuel Nagel (Partner, Competition) Dr Michael Brüggemann (Partner), Tim Hendricks (Professional Support Lawyer) (both Public Procurement, Dusseldorf)

In addition to the offices of Taylor Wessing Germany, TW offices in the UK and China as well as other local law firms in all jurisdictions were mandated.