Next Generation Partners

Capital markets in Denmark

Gorrissen Federspiel

Praised for its ‘fantastic level of experience and track record’, Gorrissen Federspiel’s team advises on complex, high-value equity and debt capital market transactions. The ECM division’s core specialties include IPOs, share issuances, dual listings, dual exit strategies, and rights issuances, while the DCM team focuses on supporting large corporations with debt programmes, private placements and bond issuances. Practice head Rikke Schiøtt Petersen leads on IPOs, public M&A and securities work. Klaus Søgaard and Chantal Pernille Patel Simonsen further strengthen the ECM offering as sought-out advisers for IPOs, capital increases and M&A transactions, while both Tobias Linde and Emily Nordin are reputed for their expertise in bond issuances and transactional work.

Praxisleiter:

Rikke Schiøtt Petersen


Weitere Kernanwälte:

Klaus Søgaard; Chantal Pernille Patel Simonsen; Tobias Linde; Emily Nordin; Louise Celia Korpela


Referenzen

‘The M&A Capital Markets team of Gorrissen Federspiel is the leading capital markets team in the Danish legal advisory market. The entire team is experienced and is on top of all the latest market trends in both the Danish market and internationally. In addition, the team has a good and professional collaboration with the regulators and the regulated markets.’

‘Rikke Schiøtt Petersen is indeed the best capital markets expert in the Danish market. She has more experience than anyone and she always has a legally and commercially viable solution for even the most complex matters.’

‘Louise Celia Korpela is a rising star in the capital markets team. Her ability to combine complex legal matters with the commercial needs of the client is unique.’

Kernmandanten

Arbejdernes Landsbank


A.P. Møller – Mærsk A/S


Cadeler


Carnegie


Danske Bank


GN Store Nord


Nykredit


Svitzer Group


TORM plc


Tryg Forsikring


Highlight-Mandate


  • Advised Nykredit Realkredit in connection with the update of its €15bn Euro Medium Term Notes (EMTN) programme and various issuances thereunder, including a mortgage bond programme.
  • Advised A.P. Møller – Mærsk, Svitzer A/S and Svitzer Group A/S in connection with the separation and public listing of its towage and marine services activities in Svitzer through a demerger.
  • Advised Cadeler A/S on its dual listing on the New York Stock Exchange (NYSE), in addition to its existing listing on the Oslo Stock Exchange (OSE), and an ADR issuance and offering in connection with its combination with Eneti Inc.

Kromann Reumert

Kromann Reumert’s capital markets team maintains a strong market position, covering the full spectrum of debt and equity capital market transactions. The practice has notable expertise in cross-border transactions and advises leading Nordic and international financial institutions. The 'exceptionally good' Christian Lundgren and Christina Bruun Geertsen lead the ECM division, with both renowned for their expertise in takeovers and IPOs. A trio of specialists head up the debt capital markets team; Peter Schiøler Skaaring and Thomas Kaas have a wealth of experience in debt issuance programmes and bond issuances, while Peter Kirkehei Qvist joined from Gorrissen Federspiel in October 2023. Other key names, such as Marianne Philip, who a key adviser to issuers and investment banks, and Henrik Møgelmose, who is trusted for takeovers and IPOs, further strengthen the practice. At the senior associate level, Rune Morthorst is a key contact.

Praxisleiter:

Christian Lundgren; Christina Bruun Geertsen; Peter Kirkehei Qvist; Peter Schiøler Skaaring; Thomas Kaas


Weitere Kernanwälte:

Marianne Philip; Henrik Møgelmose; Rune Morthorst


Referenzen

‘A large company with a long and solid track record and deep insight in this industry. Among the leaders in Denmark Capital Markets.’

‘Proactive, deep insight in the industry, good and solid track record through many years, flexible – focused upon the major and critical elements in a transaction.’

‘Christina Bruun Geertsen is easy to work with, flexible, non-bureaucratic, and very knowledgeable.’

Kernmandanten

Ørsted A/S


Novo Nordisk A/S


Danske Bank A/S


Bavarian Nordic A/S


FLSmidth & Co A/S


Topdanmark A/S


Genmab A/S


GN Store Nord A/S


Scandinavian Tobacco Group A/S


NKT A/S


Nilfisk Holding A/S


Chr. Augustinus’ Fabrikker A/S


Novo Holdings A/S


Nordea Bank A/S


Carlsberg Breweries A/S


Pandora A/S


ISS A/S


Lundbeck A/S


SimCorp A/S


ALK-Abello A/S


Jeudan A/S


Tivoli A/S


Coloplast A/S


Carnegie


Nykredit Bank


Tryghedsgruppen A/S


Demant A/S


Morgan Stanley


Goldman Sachs


JP Morgan


Kempen


RTX A/S


Djurslands Bank


TG Nordic Invest ApS


Carnegie Investment Bank


Heartland A/S


Jyske Bank


Danmarks Skibskredit (Danish Ship Finance)


Topsoe


KommuneKredit


Highlight-Mandate


  • Advised Novo Holdings on the $21.9bn merger between Novozymes and Chr. Hansen.
  • Advised Ørsted A/S on the Danish law aspects of updating its €15bn EMTN programme.
  • Assisted Coloplast A/S in a directed issue and private placement, raising DKK9.2bn through the issuance of 12.2 million new B shares.

Plesner

Plesner acts for Danish and International clients on a broad spectrum of capital market transactions, and is specifically renowned for its ‘very strong position locally within M&A’. Other key practice strengths include takeover offers, private placements, delisting and demergers, and securitisation work. The ECM division is led by the ‘exceptionally good’ Thomas Holst Laursen, who focuses on public M&A, takeovers and IPOs, alongside Nicolai Ørsted, who is a trusted adviser for complex ECM transactions. The pair are supported by the ‘solution-oriented' Henrik Laursen and Janus Jepsen. Overseeing the DCM division are Søren Thyssen Valerius, Jakob Echwald Sevel and Henrik Kure, a seasoned trio well-versed in complex restructurings and bond issuances.

Praxisleiter:

Thomas Holst Laursen; Nicolai Ørsted; Søren Thyssen Valerius; Jakob Echwald Sevel; Henrik Kure


Weitere Kernanwälte:

Henrik Laursen; Janus Jepsen


Referenzen

‘Great depth of the teams around Janus Jepsen and Thomas Holst Laursen in capital markets law. Very responsive on all levels.’

‘Thomas Holst Laursen is a very pragmatic, solution-oriented lawyer.’

‘Very strong team and great at collaborating on international projects.’

Kernmandanten

Netcompany Group A/S


Sampo


Novozymes


Demant


Deutsche Börse


Gubra


Nordea Danmark, Filial af Nordea Bank Abp, Finland


Danske Bank A/S


Jyske Bank A/S


Noble Corporation


Ahlsell


TDC


Ambu


If P&C Insurance


Danish Ministry of Finance


Zealand Pharma A/S


Carnegie Investment Bank


JP Morgan


Morgan Stanley


Deutsche Bank


Citi


Goldman Sachs


ABG Sundal Collier Denmark


Brødrene Hartmann A/S


Cowen


Tryg A/S


European Energy


Macquarie Group


NKT


NTG – Nordic Transport Group


Trifork


Risma Systems


Trustpilot


PureGym


Banijay Entertainment


A/S Storebæltsforbindelsen


A/S Øresundsforbindelsen


A/S Femern Landanlæg


Øresundsbro Konsortiet


Highlight-Mandate


  • Advised Novozymes A/S in connection with the business combination agreement with Chr. HansenHolding A/S, to combine in an all-share transaction.
  • Advised Sampo plc in connection with its cross-border recommended exchange offer to acquire all of the outstanding shares in Topdanmark A/S.
  • Advised Deutsche Börse in connection with the cross-border all-cash voluntary recommended public takeover offer to the shareholders of SimCorp A/S.

Accura Advokatpartnerselskab

Accura Advokatpartnerselskab’s team advises on a wide array of equity capital market transactions, representing Danish issuers, international investment banks and shareholders. Praised for its ‘deep practical knowledge’, the team excels in M&A-related capital markets transactions and capital raisings. The practice is headed up by Anne Zeuthen Løkkegaard and Martin Allan Christensen, who are both regarded as go-to advisers for equity transactions, including listings, takeovers, secondary offerings, rights issuances and direct placements.

Praxisleiter:

Anne Zeuthen Løkkegaard; Martin Allan Christensen


Referenzen

‘A very strong team and deep practical knowledge and understanding.’

‘I strongly recommend Anne Zeuthen Løkkegaard.’

Kernmandanten

Alm. Brand A/S


OrderYOYO A/S


Vestjysk Bank A/S


Relesys A/S


H+H International A/S


Spar Nord Bank A/S


Fast Ejendom Denmark A/S


Danske Bank


Nordea


Nykredit


MapsPeople A/S


Brøndby IF


Pharma Equity Group A/S


Napatech A/S


Park Street A/S


Highlight-Mandate


  • Acted as Danish legal counsel to a consortium of banks in a DKK9bn capital raise of Coloplast A/S through the issuance of new shares in a directed issue and private placement through an accelerated book-building process.
  • Advised Relesys A/S in connection with Copilot Capital Limited’s public takeover of Relesys A/S and the subsequent delisting of Relesys A/S.
  • Advised Luxion Group ApS and Cro Capital in connection with Luxion Group ApS’ public takeover of Digizuite A/S and the subsequent delisting of Digizuite.

Bech-Bruun

Bech-Bruun’s established capital markets team is well equipped to advise on domestic offerings, rights issuances, public-to-private transactions and both contentious and non-contentious regulatory matters. The practice also has developed a niche focus on EU market abuse regulations. The ‘highly competent’ David Moalem heads up the team and advises high-end domestic and international clients on complex capital market regulatory issues.

Praxisleiter:

David Moalem


Weitere Kernanwälte:

Thomas Thordal Sevelsted


Referenzen

‘Bech-Bruun, with David Moalem in front, has deep knowledge of the Danish capital markets industry. A knowledge based on practical experience, business understanding and research-based knowledge.’

‘Great team. Effective, precise and competent.’

‘David Moalem. Highly dedicated, highly competent, very effective and very friendly.’

Kernmandanten

JP Morgan


Ambu


Royal Unibrew


Danske Bank


Better Collective


Green Hydrogen Systems


H. Lundbeck


ALK-Abelló


Jyske Bank


SGL International / SGL Group


SEB


A.P. Møller – Mærsk


DSV


HusCompagniet


Demant


Ahlsell


P/F BankNordik


Coloplast


Gyldendal


Alm. Brand


Rockwool


Flügger group


H+H International


Gabriel Holding


Sydbank


SparNord


BNP Paribas


Gyldendal


FOM Technologies


Highlight-Mandate


  • Advised Eneti Inc. in connection with the $600m business combination with Cadeler, involving a recommended voluntary public share exchange offer to the shareholders of Eneti.
  • Advised Better Collective on its directed issue and private placement of shares raising approximately DKK1.1bn.
  • Advised BankNordik on its DKK200m new senior non-preferred notes and the listing of the notes.

Bruun & Hjejle

Bruun & Hjejle’s team stands out for its ‘commercially driven advice within the debt financing space’ and is highly active in large-scale bond offerings, particularly green and sustainability-linked bond issuances. The equity capital markets division, led by Morten Jensen, advises high-profile financial institutions and corporate client on private placements, sell-down transactions, public takeovers and IPOs. Anne Cathrine Ingerslev, who ‘demonstrates exceptional expertise’ on complex bond issuances, heads up the DCM division. Ingerslev is supported by Silan Harmankaya, who specialises in bond issuances and debt financings.

Praxisleiter:

Morten Jensen; Anne Cathrine Ingerslev


Weitere Kernanwälte:

Jesper Schultz Larsen; Silan Harmankaya


Referenzen

‘The team at B&H stands out for its strong expertise, client-focused approach, and practical, commercially driven advice within the debt financing space. Their collaborative and seamless service across various legal disciplines ensures clients receive tailored solutions aligned with their business goals.’

‘I recommend partner Anne Cathrine (AC) Ingerslev for her capabilities and her tireless endeavours in giving her clients the most accurate and extensive advice at all times. We also recommend Silan Harmankaya (part of AC’s team) for her knowledge within DCM.’

‘Silan Harmankaya is a great and highly talented Debt Capital Markets lawyer.’

Kernmandanten

Danske Bank


Morgan Stanley


J.P. Morgan


Goldman Sachs


Sampo Oyj


Nordea Bank, Sweden


Arbejdernes Landsban


Vestjysk Bank A/S


A.P. Møller Holding


Realkredit Danmark


Danmarks Skibskredit


TDC NET


European Energy


BioPorto


DKT Finance


Highlight-Mandate


  • Acted as lead counsel to TDC NET in connection with an issuance of €500m sustainability-linked notes under TDC NET’s €3.5bn EMTN Programme listed on the Luxembourg Stock Exchange.
  • Acted as counsel to Danske Bank and Nordea in connection with TOPSOE’s inaugural offering of €500m green hybrid bonds.
  • Advised Sampo Oyj by conducting a verification process in relation to the Danish law aspects of the prospectus prepared by Sampo Oyj in connection with the share exchange offer consisting in the offering of new A-shares in Sampo Oyj to the shareholders of Topdanmark A/S.

Horten

Horten’s team represents issuers and underwriters across a range of capital markets matters, including public takeover offers, rights issuances, dual listings and bond issuances. The team is led by Lise Lotte Hjerrild, who is geared to support listed companies on capital market regulations, capital raises, delistings and mergers and de-mergers.

Praxisleiter:

Lise Lotte Hjerrild


Kernmandanten

Bank of America


G4S pls


Scandion Oncology A/S


5th Planet Games


Deutsche Bank North Media A/S


The Danish Growth Fund (Vækstfonden)


Ardagh Group


JOOL Corporate Finance


Intertrust


BNP Paribas


Berenberg Bank


Commerzbank


Highlight-Mandate


  • Advised Morgan Stanley in relation to its role as finance provider to Deutsche Börse AG in its recommended and successfully completed public take-over bid for listed company SimCorp A/S.
  • Advised Danish Scandion Oncology on all matters relating to its successful rights issuance of units on Nasdaq First North Sweden.
  • Advised 5th Planet Games in relation to the US investor Skybound Entertainment’s completion of the acquisition of a majority interest in 5th Planet Games.

Mazanti-Andersen

Mazanti-Andersen has a strong track record in cross-border equity capital markets transactions. Recent work includes advising on direct issuances of shares, warrants, dual listings and fundraisings. The team is headed up by Lars Lüthjohan Jensen, who has 20 years of experience advising on rights issuances, convertible notes transactions and delistings, with a particular focus on the IT and life sciences sectors.

Praxisleiter:

Lars Lüthjohan Jensen


Referenzen

‘Great team. In particular, (1) an excellent balance between strictness and pragmatism that comes out of experience, (2) ample cross-border experience, and (3) expertise and advice going beyond legal advice. Lars Lüthjohan Jensen is the key person in the team.’

‘They are experienced, responsive and practical and a pleasure to work with.’

‘I have really valued their practical guidance and quick responses.’

Kernmandanten

7N A/S


Allarity Therapeutics A/S and Inc.


Ascendis Pharma A/S


Evaxion Biotech A/S


FluoGuide A/S


Forward Pharma A/S


Freetrailer A/S


Mitsui & Co. Ltd.


Strategic Investments A/S


Vald. Birn Holding A/S


Virogates A/S


Y-mAbs Therapeutics Inc


Y-mabs Inc and A/S


Highlight-Mandate


  • Assisted Ascendis Pharma A/S with a $150mn Royalty Funding Agreement.
  • Assisted Evaxion Biotech A/S with a public offering, including filing of registration statement.
  • Advised Evaxion with respect to a directed offering towards existing shareholders for subscription of shares and conversion into ADSs listed on Nasdaq New York.

Moalem Weitemeyer

Moalem Weitemeyer provides a combination of regulatory and transaction advice in both equity and debt-related matters. Areas of expertise include public tender offers, public-to-private transactions, delistings, and note and bond issuances. The team is led by Jacob Bier, who joined the team from Poul Schmith in June 2024, while Dan Moalem is a key adviser for public M&A matters and public takeovers.

Praxisleiter:

Jacob Bier


Weitere Kernanwälte:

Dan Moalem; Joachim Buznicki Nørlem


Referenzen

‘Dan Moalem is a very experienced adviser, with an extensive repertoire within legal disciplines, and Joachim Buznicki Nørlem is hands-on and a very effective legal adviser.’

Kernmandanten

DSV A/S


Pandora A/S


Danske Andelskassers Bank A/S


Vinga Corporate Finance AB


Aalborg Boldspilklub A/S


Tryg A/S


Dell


Garmin


Intel


Johnson & Johnson


Nuance


Pfizer


Bain Capital Private Equity


Shape Robotics A/S


Astralis A/S


Trophy Games Development A/S


VN Capital Management


Handelsbanken Fonder AB


Jobindex A/S


Nordic Alpha Partners


ITT Inc.


Highlight-Mandate


  • Represented Catalent Inc. in its $16.5bn acquisition by Novo Holdings.
  • Represented Jobindex A/S in connection with the unregulated public tender offer for all outstanding shares in Jobindex and the subsequent delisting of Jobindex from Nasdaq First North Denmark.
  • Advised DSV A/S on the structuring of its €4bn EMTN programme for 2024.