21 August 2008 - The international law firm Mayer Brown LLP advised Lone Star on its purchase of IKB, the Duesseldorf-based lender to small and medium sized enterprises. The Managing Board of KfW-Bankengruppe and Lone Star today signed the purchase agreement in Frankfurt am Main. According to the agreement, Lone Star will purchase all of KfW's share in IKB (this is approximately 90.8%). The sale still needs to be approved by a KfW Board, the “Verwaltungsrat”, and by others including BaFin and the European Commission. The agreement is expected to close by October 2008.

The US-investor Lone Star is a longstanding client of Mayer Brown’s. The acquisition in 2004 of a credit portfolio of approximately € 3.6 billion from Hypo Real Estate and Ger-many's first NPL securitisation in 2007 were particularly significant transactions. The Mayer Brown Team was led by partners Dr. Joerg Wulfken (banking & finance), Dr. Ulrike Binder and Stephan Gittermann (both corporate). The team working on the deal also included part-ners Dirk-Peter Flor, Dr. Manfred Heemann, Dr. Ralf Hesdahl and associates Dr. J. F. Götz Gallenkamp, Dr. Simon Grieser and Kirsten Pirzkall (all banking & finance); partner Dr. Ingo Kleutgens (tax); partner Dr. Benedikt Weiser and associates Chris-toph Harler, Dr. Sven Labudda, Dr. Axel Lebherz and Dr. Hendrik Otto (Berlin) (all corpo-rate); partner Dr. Hans-Georg Kamann and associates Dr. Jan Kraayvanger and Daniel Wiedmann (European state aid law, litigation); partner Dr. Guido Zeppenfeld and associates Dr. Nicolas Rößler and Björn Vollmuth (employment); partner Dr. Martin Braun and associ-ate Dr. Andrea Patzak (IT); partner Dr. Jörg Michael Lang and associate Elmar Günther (real estate) and associate Timo Götting (IP).

For more information:
Friederike Hartmann
Manager, Communications
+49 69 7941 1045
fhartmann@mayerbrown.com

Dr. Joerg Wulfken
Managing Partner, Frankfurt
+49 69 7941 2951
jwulfken@mayerbrown.com