Arntzen de Besche‘s ‘very skilful’ team is particularly experienced handling shipping and offshore, natural resources, and real estate financing matters. Leading the practice is Siril Visnes, who has a strong track-record in restructuring-related work. On the acquisition financing front, Trond Kildal is the name to note for his capabilities advising both domestic and international lenders. Vidar Løhre has a notable specialism in natural resources, infrastructure, and project financing, while Karl Rosén is well-versed in complex regulatory matters. The group extended its asset management offering with the February 2024 hire of Snorre Nordmo from Wikborg Rein.
Banking and finance (including shipping finance) in Norway
Arntzen de Besche
Praxisleiter:
Siril Visnes
Weitere Kernanwälte:
Vidar Løhre; Snorre Nordmo; Trond Kildal; Karl Rosén; Atle Stensrud
Referenzen
‘The Arntzen de Besche team is eager to provide the best service. Their capabilities of quick response, commercial knowledge, and case management make us feel highly prioritised.’
‘Trond Kildal has shared a lot of academic knowledge with us, and he is very trustworthy. Siril is a highly skilled partner with a high work capacity, she is always available for thoughtful advice and thorough discussion.’
‘An easy going and very skilful team, always available for quick responses and thorough discussions. One of the easiest teams we have worked with.’
Kernmandanten
Skandinaviska Enskilda Banken AB
Nordea Bank Abp
If P&C Insurance
ERGO International AG
Tryg
Highlight-Mandate
- Assisted SEB and Nordea with a complex secured NOK 1.3bn revolving credit facility to the public listed company Komplett ASA.
- Defended Tryg Forsikring in a D&O liability case filed by the bankruptcy estate of Kleven Verft AS.
- Defending If P&C Insurance in a directors’ and officers’ liability claim before Norwegian courts.
BAHR
Commended for its ‘deep knowledge and curiosity’, BAHR‘s experienced team covers the full scope of banking and finance matters, with a particular strength in offshore and shipping finance. Richard Sjøqvist oversees the group and has broad expertise which includes syndicated lending and acquisition finance. Ida Marie Windrup leads the banking sub-team and has expertise in debt financing transactions in particular. Markus Nillsen is a key contact for financing agreements, while associate Vanessa Kalvenes harnesses regulatory capabilities. The team was strengthened in May 2024 with the arrival of maritime finance specialist Eivind Eliassen from Advokatfirmaet Simonsen Vogt Wiig. March 2024 marked the departure of Audun Dahle-Nedrelid to Wiersholm.
Praxisleiter:
Ida Marie Windrup; Richard Sjøqvist
Weitere Kernanwälte:
Markus Nilssen; Vanessa Kalvenes; Eivind Eliassen; Steffen Rogstad
Referenzen
‘What makes the team at BAHR unique is that they are able to create a very comfortable and friendly atmosphere during collaborations. They are open to brainstorming ideas and are able to think outside the box when it comes to thinking of creating tailor-made solutions for facility agreement provisions.’
‘What sets BAHR ahead of other Norwegian law firms is its excellent lawyers with in-depth knowledge of both local law and the local market.’
‘Richard Sjøqvist and Markus Nilssen are our trusted advisors within banking and finance. They can always be relied upon to provide well-founded pragmatic and to-the-point advice.’
Kernmandanten
Citibank N.A.
DNB Group
Adevinta
ABN AMRO Bank N.V.
SalMar ASA
Aker Group
Ventyr SN II
Export Finance Norway
Nordea Bank Abp
Skandinaviska Enskilda Banken AB
Aquila Capital
Schibsted
Nordic Semiconductor
Beal Bank
Tomra
Reitan Group
Sparebanken Vest
Santander Consumer Bank AS
Nets A/S
Sparebank 1 Gruppen
Highlight-Mandate
- Assisted the creditor parties DNB Bank ASA, Pareto Alternative Investments and Kroll Security Trustee on the ca. NOK 8.2bn (€700m) refinancing facilities.
- Assisted Aker BP ASA with its new $1.8bn corporate revolving credit facility.
- Assisted DNB Bank ASA on the €3.5bn Norwegian law governed amendment, restatement and extension of VISMA AS’s credit facilities.
Advokatfirmaet Schjødt
Advokatfirmaet Schjødt’s offering stands out for its shipping finance and private credit expertise; it has particular experience advising financial institution clients therein. The team is led by Kaare P Sverdrup who has capabilities in refinancing as well as in project and acquisition financing. Camilla Skøie Mørkve harnesses expertise in shipping financing, high-yield bond and direct lending-related matters. Erlend Brun Bakken's workload includes handling related cases in the energy sector, and Sunniva Kinsella has noteworthy renewable energy, shipping and offshore, and corporate finance expertise.
Praxisleiter:
Kaare P Sverdrup
Weitere Kernanwälte:
Camilla Skøie Mørkve; Erlend Brun Bakken; Sunniva Kinsella; Frida Kristin McPherson
Referenzen
‘A very effective and competent team that delivers what we need and more every time.’
‘I would like to give a standout to Camilla Mørkve and Frida Kristin McPherson for their outstanding advice.’
‘Excellent industry knowledge and background combined with technical expertise.’
Kernmandanten
HitecVision
Altor Equity Partners
Nordea Bank ABP
Nordic Trustee AS
Apollo
Goldman Sachs
Danske Bank A/S
Blackstone
DNB Bank ASA
Skandinaviska Enskilda Banken (SEB)
Highlight-Mandate
- Advised a consortium of lenders including Apollo, Blackstone, CVC, Goldman Sachs, Macquarie, Oaktree, and Sixth Street on the NOK 141bn financing for the P2P acquisition of Adevinta ASA by Aurelia Bidco AS.
- Advised DNB Bank ASA on the $545m financing and refinancing of nine shuttle tankers for Knutsen NYK Offshore Tankers AS.
- Advised Goldman Sachs and KKR Credit on the NOK 17.2bn private acquisition of Kahoot! ASA by Kangaroo Bidco AS.
Advokatfirmaet Thommessen AS
As the ‘leading one-stop shop for transactions’, Advokatfirmaet Thommessen AS‘ comprehensive team combines the expertise of its broader financial restructuring, insolvency, and regulatory practices. Ellen Teresa Heyerdahl heads the banking and finance group and has expertise in debt financing, while Tore Mydske leads the financial regulatory sub-group and is a valuable contact therein. Hans Haugstad specialises in cross-border, acquisition, and real estate financing, while Kristoffer Hegdahl focuses on debt restructuring and corporate insolvency. Hedda Leikvang is recommended for her expertise in acquisition financing.
Praxisleiter:
Ellen Teresa Heyerdahl; Tore Mydske
Weitere Kernanwälte:
Hans Haugstad; Kristoffer Hegdahl; Hedda Leikvang
Referenzen
‘Thommessen has good lawyers across a wide range of areas, which makes them the leading one-stop shop for transactions.’
‘Their financing capabilities include both loans and bonds as well as ECM, which is of high importance in the Norwegian market.’
‘The team is professional, easy to reach, commercially aware, and provides practical advice, helping their client to be efficient.’
Kernmandanten
DNB Bank ASA
Nordea Bank Abp
Danske Bank A/S
Svenska Handelsbanken
Skandinaviska Enskilda Banken AB
Eksfin
Pareto Securities AS
ABG Sundal Collier ASA
Nordic Corporate Bank ASA
Euronext Oslo Børs
Pareto Alternative Investments AS
Storebrand ASA
Swedbank AB
Sparebank1 Gruppen AS
Seadrill Limited
Sparebank 1 SR-Bank
Finance Norway
Kommunal Landspensjonskasse
Gabler Investments AS
Pareto Bank AS
Oaktree Capital
Elkem ASA
B2Holding ASA
XXL ASA
Havfram
Seatankers
Fleetscape
Cadre AS
Sparebanken Vest
Blustep Bank
Instabank ASA
Fremtind Forking ASA
Eika Forsiking AS
Norli Forsiking AS
Convene Collection AS
Blustep Bank
Instabank ASA
Fremtind Forking ASA
Eika Forsiking AS
Norli Forsiking AS
Convene Collection AS
Highlight-Mandate
- Advised HPS Investment Partners LLC in the refinancing of Havila Kystruten AS, financed through a bond issue of €305m.
- Assisted the lenders, DNB Bank ASA, Eksportfinans Norge and various other lenders in a syndicate, on the refinancing of Solstad Offshore.
- Assisted Sparebank1 SR Bank in negotiating a merger with Sparebank1 Sørøst-Norge.
Wiersholm
The ‘commercially-minded and solutions-oriented’ team at Wiersholm advises on the remit of financial matters, across industry sectors including shipping and offshore, oil and gas, infrastructure, renewable energy, seafood, aviation and real estate. Practice head Atle Gabrielsen is a key name with capabilities advising lenders and borrowers on debt financing matters. Kristine Hasle handles shipping finance cases in transactional contexts. Petter Thomren Moltu is recommended for his abilities advising lenders and borrowers on financings. The March 2024 arrival of Audun Dahle-Nedrelid from BAHR bolstered the team.
Praxisleiter:
Atle Gabrielsen
Weitere Kernanwälte:
Kristine Hasle; Petter Thomren Moltu; Audun Dahle-Nedrelid; Andreas Rabe
Referenzen
‘I highly recommend Wiersholm’s banking and finance practice. They put together a strong team, who follow up and stay hands-on throughout a financing process.’
‘Strong knowledge of Norwegian and international requirements. Very familiar with market practices and strong relationships with the most relevant financing institutions in Norway.’
‘Audun Dahle-Nedrelid has excellent availability and personal engagement. A key discussion partner for us regarding the interpretation of the agreements.’
Kernmandanten
DNB Bank ASA
Danske Bank, Norwegian branch
SpareBank 1 SR-Bank ASA
Handelsbanken
Avarn Security Group
Skandinaviska Enskilda Banken AB
Nordea Bank Abp
Maritime & Merchant Bank ASA
ABN AMRO Bank N.V.
Danske Bank A/S
Wikborg Rein
Wikborg Rein‘s team leverages its global network of offices to provide cross-border transactional support on financing matters; its recent work includes noteworthy ESG financing cases. The team is jointly led by Ole Andenæs and Andreas Kjensli Lund. Andenæs heads the financial regulatory sub-group and assists investment firms and asset managers therein, while Lund is recommended in corporate and real estate financing. Johan Rasmussen has a broad practice with notable expertise in shipping and offshore-related finance, and Daniel Nygaard Nyberg focuses on asset management, taxation and funding. Stine Barstad has an ‘ability to navigate complex issues’ and Lars-Erik Østerbø is a name to note.
Praxisleiter:
Andreas Kjensli Lund; Ole Andenæs
Weitere Kernanwälte:
Johan Rasmussen; Daniel Nygaard Nyberg; Stine Barstad; Alexander Owesen; Lars-Erik Østerbø
Referenzen
‘A highly professional team, which is efficient and delivers in time. Gives good advice and directs the clients to take the right decision. Delivers a very smooth and effective process.’
‘Wikborg Rein delivers the highest quality in the market and is the preferred choice if matters are urgent or complex.’
‘Very good knowledge of financing, particularly the combination of bank and bond structures as well as the interaction between the various debt instruments in the structure.’
Kernmandanten
DNB Bank ASA
Nordea Bank Abp
Skandinaviska Enskilda Banken AB
Danske Bank A/S
Svenska Handelsbanken AB
Eksportfinansiering Norge
BNP Paribas
ING Bank N.V
Crédit Agricole Corporate and Investment Bank
Credit Suisse AG
Highlight-Mandate
- Advised the buyers in the acquisition of Adevinta ASA.
- Advised the lenders in connection with the financing of 9 offshore vessels sold by Sea1 Offshore Inc. to Siem Sustainable Energy Sarl and the refinancing by Sea1.
- Advised Floatel International Ltd with a $375m refinancing comprised of a revolving credit facility and a new bond issue repaying two existing bond issues.
Advokatfirmaet Haavind AS
Advokatfirmaet Haavind AS’ offering has capabilities handling both borrower and lender-side matters. The team’s areas of expertise include acquisition as well as renewables financing. Hans-Christian Donjem heads the banking and finance group and has expertise in these areas in addition to his corporate and bond financing knowledge. Ellen Schult Ulriksen heads the corporate group and is a key contact in financial restructuring. Christoffer Baisgård is recommended for restructuring and insolvency work, and Helen Xu focuses on financial regulatory matters.
Praxisleiter:
Hans-Christian Donjem; Ellen Schult Ulriksen
Weitere Kernanwälte:
Christoffer Baisgård; Helen Xu; Kasper Formoe Asplin; Cornelius Sogn Næss
Referenzen
‘Highly capable and knowledgeable. Great at following up and explaining the law in simple terms.’
‘Haavind is efficient, communicative, and helpful.’
‘Christoffer Baisgård is proactive, is attentive-to-detail, and meets deadlines.’
Kernmandanten
BlackRock Renewable Finance
Aprila Bank ASA
Axactor ASA
Telenor ASA
Bank2 ASA
Alimentation Couche-Tard Inc.
Aider Konsern AS
Santander Consumer Bank AS
Omda AS
Carnegie AS
Highlight-Mandate
- Acted as lead counsel on the cross-border refinancing of client Omda AS’ MNOK 500 senior secured bond loan.
- Assisted the owners of Onitio Group AS with a comprehensive refinancing of their existing facilities and a recent acquisition facility.
- Assisted long term client Alimentation Couche-Tard Inc. in several rounds of notes issuances over the past 12-months.
Selmer
Selmer's practice covers a broad scope of work in banking, as well as in shipping and real estate financing. The team harnesses notable expertise in regulatory matters and is led by Christopher Jensen. Practitioner of 'the highest integrity' Per Morten Christiansen has a broad practice, which includes advising on syndications and acquisitions. On the regulatory side, Bernt Olav Steinland assists investment companies and asset managers. Marte Aarøe works across the full spectrum of matters, with particular expertise in financing transactions.
Praxisleiter:
Christopher Jensen
Weitere Kernanwälte:
Per Morten Christiansen; Bernt Olav Steinland; Marte Aarøe; Anja Fabnebust
Referenzen
‘Hands-on partners and well-informed teams. You always feel that you meet one team and that they keep each other up to speed.’
‘Per Morten Christiansen is very competent and solutions-oriented. Simplification of complex requests from lenders and borrowers is one of his strengths.’
‘Anja Fabnebust and Bernt Olav Steinsland showed good planning and a strong commitment to tasks and delivery of results.’
Kernmandanten
Eksport Finance Norway
SpareBank 1 SMN
Sparebanken Vest
Sparebanken Møre
Eidesvik Offshore
Ekornes QM Holding group
Bertel O. Steen group
Europris group
Solør Bioenergi group
GC Sykehus AS
Citibank
DNB Markets
Nordea Bank Abp
Sparebank 1 Markets AS
Stiftelsen Diakonissehuset Lovisenberg
Highlight-Mandate
- Assisted the Solör Bioenergi-group with the refinancing of the group’s existing senior and junior bank financing.
- Assisted Bertel O. Steen group in connection with several amendment processes with a total value of approximately NOK 4bn.
- Acting as the joint legal counsel in the merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge, forming SpareBank 1 Sør-Norge ASA.
Advokatfirmaet Simonsen Vogt Wiig
Advokatfirmaet Simonsen Vogt Wiig stands out for its strength in export, aviation and ship financing work. ‘Go-to advisor in all matters’ Halvor Klingenberg leads the group and is well-versed in corporate, project and asset-based financing in particular. Peter Aall Simonsen‘s workload includes advising shipping and energy sector clients in project and asset-based financing cases. For syndicated loans, Stig Strand is recommended, while Christine Rødsæther is a key contact for maritime-related work. Former practice co-lead, Eivind Eliassen departed in June 2024 to BAHR.
Praxisleiter:
Halvor Klingenberg
Weitere Kernanwälte:
Peter Aall Simonsen; Sig Strand; Christine Rødsæther
Referenzen
‘Stig Strand has assisted us in complex financial processes, within the shipping and fishery sectors. He has performed exceptionally, and we are heavily dependent on his skills.’
‘They are quick and always up-to-date on all legal matters. Valuable and trusted legal advisers and very efficient. Truly interested in the underlying problems and matters at hand. They invest time into understanding the complexity needed to provide the best advice possible.’
‘They have a pragmatic and commercial approach which makes them stand out from other law firms.’
Kernmandanten
DNB Bank ASA
Skandinaviska Enskilda Banken AB
Tibber AS
Pareto Bank ASA
SpareBank 1 SR-Bank ASA
Highlight-Mandate
- Assisting DNB Bank ASA and Eksportfinansiering Norge in financing the construction and operation of a large-scale biocarbon facility in Hønefoss, Norway.
- Assisted DNB Bank ASA as agent on behalf of a syndicate for the financing of Havfram’s purpose-built wind turbine installation vessels.
- Assisted the syndicate of eight banks for the $1,.41bn financing of Frontline’s purchase of 24 VLCC from Euronav.
CMS Kluge
CMS Kluge‘s practice leverages its international network to act for Nowegian and international clients on domestic refinancing and lending work. The team is co-led by Snorre Haukali and Dag Thomas Hansson; Haukali advises corporate borrowers and is sought after by tech, telecoms and aquaculture clients especially, while Hansson’s workload includes cross-border lending. Ida Johanne Bohmann specialises in domestic, cross-border and syndicated financing cases.
Praxisleiter:
Snorre Haukali; Dag Thomas Hansson
Weitere Kernanwälte:
Ida Johanne Bohmann; Tuva Svare; Thea Killengree
Referenzen
‘CMS Kluge are hardworking, experienced and top qualified lawyers. They deliver expert advice both individually and as a team and that stands out.’
‘They understand the market and our business and are always available to deliver top-service and advice.’
‘Dag Thomas Hansson stands out for his excellent business acumen, and thorough and structured approach. He is very knowledgeable and maintains a very high service level.’
Kernmandanten
Aareal Bank
Arctic Fish
Armada Credit Partners
Aviva
Bakkafrost
Barclays Bank
BNP Paribas
CHC Group
Commerzbank
Danske Bank
Green Mountain
Mowi
Norsk Hydro
Norske tog
Norwegian Refugee Council
Société Générale
DLA Piper
DLA Piper's team handles asset-based lending, export finance and real estate finance matters for its client roster, which features international and domestic banks. The team is led by Børge A Grøttjord whose areas of expertise span public infrastructure, real estate finance and public-private partnerships. Erik Ramm has experience handling restructuring mandates and loan workouts, while Camilla Wollan advises on regulatory and compliance matters. Vibeke Søvik Lindberg is also a key contact.
Praxisleiter:
Børge A Grøttjord
Weitere Kernanwälte:
Erik Ramm; Camilla Wollan; Vibeke Søvik Lindberg; Admir Habibija
Referenzen
‘The people we work with have a high level of competence in the areas we demand and are quick in their delivery.’
‘High expertise and client orientation.’
‘Exceptional client service.’
Kernmandanten
KLP Kommunal Landspensjonkasse
Gjensidig Forsikringsselskap
UniCredit
Credit Suisse
Telenor
CHC Group
Nordea
Armada Credit Partners
Macquarie Infrastructure and Real Assets.
Silicon Valley Bank
UBS Asset Management
JPMorgan
Wheatsheaf Group
Realkapital Eiendom
Odal Vindkraftverk
Cloudberry Production
Cloudberry Clean Energy
Nordic Wind Power
Azrieli Group
TietoEvry
TheFactory
Lendwill
Bill Kill
Confirmasoft Holding
Aeternum Capital
Sparebanken Øst
Equip Capital
Green Mountain
DEAG
CitiBank
Qred
Address Group
Coburn Resources Pty. Limited
HSBC
Loomis
Elektroimportøren
Highlight-Mandate
- Advised KLP, as bondholder, on all matters in relation to a NOK 2.24bn bond refinancing.
- Advised DEAG with the issue of unsecured bonds under Norwegian law of up to €100m.
- Advised Parc BidCo AS in a complex refinancing transaction.
Kvale Advokatfirma DA
Kvale Advokatfirma DA's 'service-oriented' offering has capabilities assisting financial services clients on refinancing and restructuring transactions. The team is headed up by Hillevi Torngren Myhre whose workload includes hybrid capital and regulatory matters. Stine Snertingdalen has expertise in restructuring and insolvency. Stephanie Brungot ‘understands all aspects of a bank’s business’ and is experienced advising both borrowers and lenders.
Praxisleiter:
Hillevi Torngren Myhre
Weitere Kernanwälte:
Stine Snertingdalen; Stephanie Brungot
Referenzen
‘The team appears innovative by being open to new solutions and by staying well-informed about societal changes.’
‘They are very service-oriented and focused on their customers.’
‘The individuals appear competent but are also very receptive to feedback and suggestions. As a customer, you feel well taken care of.’
Kernmandanten
Norion Bank
DNB Bank
Arctic Securities
Nordic Trustee
EksFin
Nordic Mining
SpareBank 1 Østlandet
Sparebanken Møre
Skue Sparebank
Valdres Sparebank
Sogn Sparebank
Melhusbanken
Agder Sparebank
Gordon Brothers
SpareBank 1 SR-Bank
SpareBank 1 SMN
Highlight-Mandate
- Advised Nordic Mining on $270m funding of the Engebø Rutile and Garnet mine.
- Advised a creditor group on two complex multi-million-euro restructurings of credit facilities with borrowers operating within the drone industry.
- Advised a multinational industrial company on its multi-million-US dollar funding of a major Norwegian iron ore mine.