Martin Kalbhenn is an associate in the capital markets practice group. He focuses his practice on advising issuers, underwriters and other market participants on equity capital markets transactions, in particular initial public offerings (IPOs), capital increases/rights offerings and private placements as well as equity-linked transactions, such as convertible and exchangeable bonds, and debt offerings. He also advises on general corporate law matters. 

Prior to joining Willkie, he worked at a magic circle firm in Frankfurt for several years and in the Frankfurt office of a US investment bank.

Martin is fluent in German and English.


  • Advised Joh. Berenberg, Gossler & CO. KG in connection with the rights issue from authorized capital against cash contributions of Heliad Equity Partners GmbH & Co. KGaA.
  • Advised Hauck Aufhäuser Lampe Privatbank Aktiengesellschaft and LUXEMPART S.A. in connection with a block sale of shares in SÜSS MicroTec SE by LUXEMPART S.A.
  • Advised EDEKA Minden eG in connection with the public offering of EUR 40 million German law governed profit participation rights (Genussscheine)
  • Advised Baader Bank AG as listing agent in connection with the business combination of GFJ ESG Acquisition I SE with learnd Limited and subsequent listing of new shares issued by GFJ ESG Acquisition I SE (now learnd SE) on the Frankfurt Stock Exchange
  • Advised the Riverside Company on the initial public offering of Bike24*
  • Advised TUI AG on a rights issue from authorized capital against cash contribution*
  • Advised Deutsche Beteiligungs AG on a rights issue from authorized capital against cash contribution*
  • Advised Corestate Capital Holding S.A. on the admission to trading of new shares on the Prime Standard of the Frankfurt Stock Exchange*
  • Advised TUI AG on the issuance of a convertible bond with a nominal value of EUR 400 million*
  • Advised TUI AG on a tap issuance of the EUR 400 million convertible bond*

*Transactions advised on prior to joining Willkie Farr & Gallagher LLP  




Higher Regional Court of Frankfurt, Second State Exam, 2021 Bucerius Law School, First State Exam, 2017

Bar Admissions

Germany, 2021