Key Takeaways
- • Sullivan & Cromwell LLP partners Carsten Berrar, Florian Späth, and associate Heiko Blaut authored the Germany chapter of Chambers Venture Capital 2026, a comprehensive guide to the venture capital market landscape in Germany.
- • Carsten Berrar, Managing Partner of Sullivan & Cromwell's Frankfurt office and Co-Head of the firm's global Capital Markets Group, led the authorship effort alongside Späth and Blaut, leveraging deep expertise in both capital markets and M&A transactions.
- • The Chambers guide discusses key trends and challenges across Germany's venture capital market as of 2025–2026, positioning the analysis as a resource for institutional investors and legal professionals navigating the region's VC ecosystem.
- • Sullivan & Cromwell's Germany practice, under Berrar's leadership, maintains a recognized track record in venture capital advisory, combining capital markets expertise from both issuer and underwriter perspectives.
Summary
Sullivan & Cromwell LLP has published the Germany chapter of its Chambers Venture Capital 2026 guide, with the work authored by three key members of the firm's Frankfurt and capital markets practices: Carsten Berrar, Florian Späth, and Heiko Blaut. The publication, released on May 26, 2026, provides a detailed examination of key trends and challenges in Germany's venture capital market as of 2025 and beyond.
Carsten Berrar, a member of Sullivan & Cromwell's Management Committee and Managing Partner of the firm's Frankfurt office, served as lead author. Berrar is recognized as one of Germany's leading lawyers for capital markets and M&A matters, with extensive experience advising on transactions from both issuer and underwriter perspectives. As Co-Head of Sullivan & Cromwell's global Capital Markets Group, Berrar brings institutional expertise in advising on complex corporate transactions and regulatory matters that directly inform the venture capital landscape analysis.
The Germany chapter, co-authored with partner Florian Späth and associate Heiko Blaut, synthesizes contemporary market intelligence and legal developments relevant to institutional investors and venture capital practitioners operating in the German market. The Chambers Venture Capital 2026 guide positions itself as a comprehensive resource for alternative investment professionals seeking authoritative insight into regional venture capital frameworks, deal structures, and market dynamics. The contribution reflects Sullivan & Cromwell's broader institutional focus on venture capital and growth equity advisory across its global platform.
Carsten Berrar, a member of Sullivan & Cromwell's Management Committee and Managing Partner of the firm's Frankfurt office, served as lead author. Berrar is recognized as one of Germany's leading lawyers for capital markets and M&A matters, with extensive experience advising on transactions from both issuer and underwriter perspectives. As Co-Head of Sullivan & Cromwell's global Capital Markets Group, Berrar brings institutional expertise in advising on complex corporate transactions and regulatory matters that directly inform the venture capital landscape analysis.
The Germany chapter, co-authored with partner Florian Späth and associate Heiko Blaut, synthesizes contemporary market intelligence and legal developments relevant to institutional investors and venture capital practitioners operating in the German market. The Chambers Venture Capital 2026 guide positions itself as a comprehensive resource for alternative investment professionals seeking authoritative insight into regional venture capital frameworks, deal structures, and market dynamics. The contribution reflects Sullivan & Cromwell's broader institutional focus on venture capital and growth equity advisory across its global platform.
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