Clifford Chance promotes Oliver Felsenstein

Felsenstein, who has been a partner at Clifford Chance since 2006, will assume the position on 1 September. His term is set to last for four years.

As head of corporate advisory, Felsenstein will also be part of the company's newly formed German leadership group, which replaces Clifford Chance's existing extended management structure.

Felsenstein succeeds Peter Dieners in the role. Dieners began as head of corporate advisory in Germany in January 2014, succeeding Ardnt Stengel. Dieners has been promoted to managing partner, effective from 1 September.

Notable transactions on which Felsenstein has advised include Permira's purchase of speciality and fine chemicals manufacturer CABB International for €800m and Clayton Dubilier & Rice's €1.2bn buyout of the Mauser group.

Clifford Chance has approximately 350 lawyers, accountants, tax advisers and solicitors across offices in Dusseldorf, Frankfurt and Munich.

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