Gorrissen Federspiel‘s ‘highly professional’ capital markets practice frequently advises on the full suite of capital markets work including IPOs, public takeovers, and equity and debt issuances on behalf of a high-end client list that spans issuers, underwriters and sponsors, alongside investors and management. Assisting private equity funds pursuing dual track exit strategies as well as providing general advice to listed companies are further core specialisms of the team, which is headed up by public M&A expert Rikke Schiøtt Petersen. Pre-eminent capital markets practitioner Klaus Søgaard lends his expertise to IPOs, capital increases, M&A transactions and takeover bids of listed companies. Chantal Pernille Patel Simonsen‘s demonstrable experience includes handling spin-offs, listings, private placements, rights issuances and IPOs, among others. Emily Nordin is also recommended for transactional work.
Capital markets in Denmark
Gorrissen Federspiel
Praxisleiter:
Rikke Schiøtt Petersen
Weitere Kernanwälte:
Klaus Søgaard; Chantal Pernille Patel Simonsen; Thomas Maaberg Hansen; Morten Nybom Bethe; Tobias Linde; Emily Nordin
Referenzen
‘Very high degree of competence and knowledge of best practices and similar cases.’
‘High professional level, service minded.’
‘The capital markets team at Gorrissen provide excellent advice and deep knowledge within capital market matters.’
Kernmandanten
Danske Bank
Nordea Danmark
Nykredit
Carnegie Investment Bank
ABG Sundal Collier
SEB
J.P. Morgan Securities
Deutsche Bank
BNP Paribas
Citigroup
Morgan Stanley
EQT Partners
Axcel Management
CVC Capital
A.P. Møller-Mærsk
Novo Nordisk
ISS
GN Store Nord
Chr. Hansen
Carlsberg
Vestas Wind Systems
DFDS
Ringkjøbing Landbobank
Maersk Drilling
Matas
NNIT
TORM
Boozt
HusCompagniet
GreenMobility
Cadeler
SEAS-NVE
Aquaporin
Re-Match
Bang & Olufsen
BioPorto
Danish Crown
Danmarks Skibskredit
Tryg / Tryg Forsikring
Highlight-Mandate
- Represented Danske Bank in: i) €1b Preferred Senior Resettable Green Bond Issue due 2031 and €1bn Preferred Senior Note Issue due 2027 issued under its €35bn Medium Term Note Program; ii) $1.25bn Non-Preferred Senior Fixed Rate Resettable Notes due 2026 issued under the $20bn US Medium Term Note Program; iii) $20bn US Medium-Term Note Program 2022 Update; and iv) a €30bn Global Covered Bond Programme 2022 update.
- Advised Denmark-listed GN Store Nord A/S on its directed issue and private placement of new and existing treasury shares, raising approximately DKK2.75bn.
- Assisted underwriters, Skandinaviska Enskilda Banken, Danmark, filial af Skandinaviska Enskilda Banken AB, Sverige (SEB) and ABG SundalCollier Denmark, filial af ABG Sundal Collier ASA, Norge in connection with the initial public offering and listing on Nasdaq Copenhagen of Gubra A/S.
Kromann Reumert
Kromann Reumert‘s large-scale capital markets group represents leading Nordic and international financial institutions and investment banks on cross-border transactions, with noted strength in work across the banking, life sciences, industrial, energy, telecoms and IT sectors. ECM partner Christian Lundgren is recognised for his expertise in takeovers and IPOs in the Danish market, alongside regulatory matters in the space, while Christina Bruun Geertsen is frequently engaged on both issuer and underwriter-side mandates. Peter Schiøler Skaaring and Thomas Kaas head up the debt capital markets team, while Jens Steen Jensen is the key point of contact for regulatory issues. Esteemed practitioners Marianne Philip and Henrik Møgelmose advise international industrial clients on public issuances, and financial institutions on IPOs and stock exchange regulatory matters, respectively. Rune Morthorst is the key name at senior associate level.
Praxisleiter:
Christian Lundgren; Christina Bruun Geertsen; Peter Schiøler Skaaring; Thomas Kaas; Jens Steen Jensen
Weitere Kernanwälte:
Marianne Philip; Henrik Møgelmose; Jeppe Buskov; Rune Morthorst
Referenzen
‘The team is very skilled and professional with a notable track record. Reputable and one of the largest advisers within this field in Denmark. Commercial understanding at a high level.’
‘Marianne Philip is highly skilled within capital markets work and has knowledge from a very large number of transactions. She’s highly respected in this field, advising a number of very large clients in Denmark.’
‘The team we work with demonstrate a very knowledgeable understanding of the market and legal requirements. High quality of work and credibility in their stand points. Attentive of our ambitions and goals, matched by the tailored advice they provide.’
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
Highlight-Mandate
- Assisted Coloplast A/S with the directed issuance and private placement raising proceeds of DKK9.2bn.
- Advised NKT A/S when it published a prospectus setting out the terms of its offering of up to 10,744,009 new shares in a rights issuance.
- Assisting Coloplast A/S on its €3.5bn EMTN Programme including the by Coloplast Finance B.V. of €2.2bn Notes thereunder guaranteed by Coloplast A/S.
Plesner
Praised as an ‘outstanding’ capital markets team, Plesner acts on the full suite of both issuer and underwriter-side mandates including accelerated book-builds, IPOs, and securities listings. ‘Incredible lawyer’ Thomas Holst Laursen and M&A expert Nicolai Ørsted jointly head up the equity side of the practice and are key points of contact for IPOs, public takeovers, ABBs, PIPEs, rights issuances and corporate governance work. For debt capital markets transactions, Søren Thyssen Valerius and Jakob Echwald Sevel lead in conjunction with Henrik Kure. Henrik Laursen comes recommended for his cross-border ECM practice, which emphasises IPOs and public M&A. Janus Jepsen was promoted to the partnership in early 2023.
Praxisleiter:
Thomas Holst Laursen; Nicolai Ørsted; Søren Thyssen Valerius; Jakob Echwald Sevel; Henrik Kure
Weitere Kernanwälte:
Micha Fritzen; Janus Jepsen; Henrik Laursen; Simon Västernäs
Referenzen
‘Very client focused.’
‘Henrik Laursen is an incredible lawyer. 100% focused on getting the deal done. My go to for high stakes transactional work.’
‘Plesner’s capital markets, corporate and M&A team is outstanding.’
Kernmandanten
Netcompany Group A/S
Novozymes
Demant
Deutsche Börse
Gubra
Nordea Danmark, Filial af Nordea Bank Abp, Finland
Danske Bank A/S
Noble Corporation
Sanistål
TDC
Ambu
Sampo plc
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
Cowen
Tryg A/S
European Energy
Macquarie Group
NKT
NTG – Nordic Transport Group
Trifork
Risma Systems
Trustpilot
Highlight-Mandate
- Advised Novozymes A/S in connection with the business combination agreement with Chr. Hansen Holding A/S, to combine in an all-share transaction.
- Advised Deutsche Börse in connection with the cross-border all-cash voluntary recommend public takeover offer to the shareholders of SimCorp A/S, listed on Nasdaq Copenhagen, valuing SimCorp A/S at approximately DKK29bn/€3.9bn.
- Advised Noble Corporation in connection with the $1.9bn business combination with The Drilling Company of 1972 A/S, involving a share exchange offer to the shareholders of The Drilling Company of 1972 A/S.
Accura Advokatpartnerselskab
Accura Advokatpartnerselskab‘s robust capital markets practice is centred around representing Danish issuers, international investment banks and both investors and shareholders in connection with the full suite of capital markets transactions and regulatory issues. Anne Zeuthen Løkkegaard and Martin Allan Christensen co-head the department; Løkkegaard is ‘highly recommended for her very solid knowledge of the ECM practice area’, while Christensen is a key name for listings, takeovers, secondary offerings, rights issuances and direct placements.
Praxisleiter:
Anne Zeuthen Løkkegaard; Martin Allan Christensen
Weitere Kernanwälte:
Andreas Steen Vallentin-Hansen
Referenzen
‘Anne Løkkegaard is highly recommended as she has a very solid knowledge of the ECM practice area. Very solution oriented and easy to work with.’
‘Very customer focused and super competent people.’
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
Highlight-Mandate
- Advised Danske Bank, Nordea, Jeffries GmbH, Morgan Stanley & Co International plc on a capital raise for Coloplast A/S.
- Advised Pharma Equity Group A/S in connection with a reverse IPO.
- Advised Global Football Holdings, L.P. in connection with the public takeover of listed Danish football club Brøndby IF.
Bech-Bruun
Adept at both equity and debt transactions, Bech-Bruun has a strong history acting on domestic offerings, public-to-private transactions and regulatory issues, including EU Market Abuse Regulation; the group also has noted expertise in the full range of listed transactions, including handling buybacks, combined rights and market issuances for listed financial entities. Capital markets and regulatory expert David Moalem jointly leads the department with Steen Jensen, who is recommended for takeover bids and P2P transactions.
Kernmandanten
Jyske Bank
SGL International A/S / SGL Group ApS
P/F BankNordik
Ahsell AB
H Lundbeck A/S
Danske Bank
JP Morgan
Nordea
Novozymes A/S and Chr. Hansen Holding A/S
Green Hydrogen Systems
Highlight-Mandate
- Advised Jyske Bank on its acquisition of Handelsbanken and Statshypotek in Denmark.
- Acted for SGL International A/S and Skill Bidco/SGL Group in connection with a bookbuilding and the successful placement of a €750m bond issuance, and a related DKK750m RCF with Jyske Bank.
- Acted for the issuer in connection with Faroe Islands’ BankNordik’s SEK300m new senior non-preferred notes via the debt capital markets and the listing of the notes on Nasdaq Copenhagen in October 2022.
Bruun & Hjejle
Bruun & Hjejle represents Danish and multinational financial institutions, private equity funds and corporate clients on the full spectrum of both equity and debt capital market transactions. Bond and note issuances, private placements, sell-down transactions, public takeovers and IPOs are key pillars of the group’s practice in the space. Practice head Morten Jensen is experienced in advising on IPOs, rights issuances, private placements and sell-down transactions, while debt capital markets expert Anne Cathrine Ingerslev is praised as ‘very efficient and creative’ and acts on complex and high-profile bond issuances. Experienced practitioner Jesper Schultz Larsen‘s practice emphasises capital markets, M&A and private equity mandates.
Praxisleiter:
Morten Jensen
Weitere Kernanwälte:
Anne Cathrine Ingerslev; Jesper Schultz Larsen
Referenzen
‘Our experience from working with Bruun & Hjejle in the transaction phase is that they have an agile and practical approach with an underlying understanding of what is needed to get the deal done.’
‘Anne Cathrine Ingerslev is frequently engaged by borrowers and sponsors and is becoming one of the most experienced lawyers for bond transactions.’
‘Anne Cathrine Ingerslev makes us feel like we are her main priority. She is always available and very engaged in finding the best solution for us. She is very efficient and creative – which has been a key element in creating (and maintaining) our loan platform. Compared to other loan-structures I have been a part of, AC has made the loan “our loan” which has been key for us.’
Kernmandanten
Danske Bank
Morgan Stanley
J.P. Morgan
Goldman Sachs
Nordea Bank, Sweden
Arbejdernes Landsbank
Vestjysk Bank A/S
A.P. Møller Holding
Realkredit Danmark
Danmarks Skibskredit
TDC NET
European Energy
BioPorto
DKT Finance
Highlight-Mandate
- Acted as lead English and Danish counsel to TDC NET in connection with two offerings of in total €1bn sustainability-linked notes under TDC NET’s €3.5bn EMTN Programme listed on the Luxembourg Stock Exchange.
- Acted as sole counsel to European Energy in connection with a comprehensive green debt capital markets transaction, comprising a tender offer for €150m existing hybrid green bonds, an offering of €100m new hybrid green bonds and an offering of €75m new senior green bonds.
- Acted as sole lead English and Danish financing counsel to TDC Group and its owners in connection with a comprehensive €1.4bn refinancing of high yield notes issued by DKT Finance.
DLA Piper Denmark
DLA Piper Denmark frequently acts on the full suite of both equity and debt capital markets transactions, from takeovers and public M&A to bond issuances and secondary offerings. Practice group leader Nicholas Lerche-Gredal is an experienced M&A and private equity practitioner.
Praxisleiter:
Nicholas Lerche-Gredal
Kernmandanten
PKA A/S
Merlin Entertainments (Legoland A/S)
Elfelagið SEV
Re-Match Holding A/S
Jyske Realkredit
Santander Corporate & Investment Banking
Nordea Bank
PFA Asset Management
Bank of New York Mellon
Scale Capital Funds ll K/S
Real Danmark
P+ and TDC Pensionskasse
Pension Danmark
Danske Bank
Nutreco International B.V.
DecideAct
Bactiuant
Brøndby I.F. Fodbold
SunAct Pharma AB
Highlight-Mandate
- Advised Brøndbyernes I.F. Fodbold A/S in connection with a transaction consisting of a conditional voluntary public offer from Global Football Holdings, L.P., and issuance of convertible debt in an aggregate of €30m.
- Advised BactiQuant in connection with all legal aspects of a directed issue of shares.
- Acted for Motion Acquisition Limited (Merlin Entertainments) and its affiliates, including Danish subsidiary Legoland ApS, in respect of Danish law matters in connection with the offering of €700m (in aggregate principal amount) senior secured notes due 2030 issued by the affiliated Luxembourg company Motion Finco S.à r.l.
Horten
Horten acts on both underwriter and issuer-side equity and debt mandates, often advising on listings, de-listings, issuances, information obligations, and corporate governance work. Practice leader Lise Lotte Hjerrild has a demonstrably strong track record when it comes to IPOs, delistings, capital raises, and cross-border mergers and de-mergers of listed companies.
Praxisleiter:
Lise Lotte Hjerrild
Kernmandanten
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
Moalem Weitemeyer
Capital markets work is a core focus of Moalem Weitemeyer with the team specialising in public-to-private deals, and equity and debt issuances; the team is known in the marketplace for its focus on representing listed companies. Finance and capital markets group head Henning Aasmul-Olsen frequently represents Danish and global companies and high-profile financial sponsors. Founding partner and M&A expert Dan Moalem is another key point of contact.
Praxisleiter:
Henning Aasmul-Olsen
Weitere Kernanwälte:
Dan Moalem
Kernmandanten
Søren Alminde Holding ApS
JCA Holding ApS
JOOL Corporate Finance
Danske Andelskassers Bank A/S
DSV A/S
Pandora A/S
Tryg A/S
Dell
Garmin
Intel
Johnson & Johnson
Nuance
Pfizer
Bain Capital Private Equity
Shape Robotics
Astralis A/S
Trophy Games Development