Leveraging a ‘dedicated and well-run team of excellent lawyers’, BAHR excels in the Norwegian capital markets space, and is particularly highly regarded for its expertise in large and complex international transactions. A key name is Lars Knem Christie, praised for his ‘deep understanding of Norwegian capital markets’; he co-heads the team alongside restructuring and financing specialist Magnus Tønseth. Richard Sjøqvist advises on all aspects of debt capital markets, and the ‘extremely efficient’ Robin Bakken divides his expertise between capital markets, public M&A, and securities law matters. On the regulatory side, Markus Nilssen is recommended.
Capital markets in Norway
BAHR
Praxisleiter:
Lars Knem Christie; Magnus Tønseth
Weitere Kernanwälte:
Richard Sjøqvist; Robin Bakken; Markus Nilssen; Camilla Iversen
Referenzen
‘Dedicated and well-run team of excellent lawyers.’
‘Magnus Tønseth has an extraordinary understanding of risk factors for creditors and complexities around default scenarios.’
‘Robin Bakken is extremely efficient and concise with a good sense of commercial and practical considerations.’
Kernmandanten
PGS
Aker group
Pareto Securities
BlueNord
DNB
Norwegian Air Shuttle
Adevinta
HitecVision
SalMar
Cool Company Ltd
KIRKBI
Nuveen Asset Management
A.P. Møller – Maersk A/S
Norconsult
Sparebank 1 Markets
DNB Bank and DNB Markets
Morgan Stanley
Okeanis Eco Tankers Corp.
NTS / Frøy
T-C Storage HoldCo AB
Salmon Evolution ASA
ABG Sundal Collier
OKEA ASA
GLAS Trust Company LLC
HitecVision
JP Morgan
HMH Holding BV
Color Group AS
Ocean Yield AS
Nordic Trustee & Agency AB (Publ)
Whitworth Midco Limited
Kroll Security Trustee
Sparebank 1 Group savings banks
Eika Group savings banks
Highlight-Mandate
- Advising Adevinta ASA on the takeover offer led by Permira and Blackstone, as well as General Atlantic and TCV for all shares in Adevinta.
- Assisting several of issuers of covered bonds in Norway and Norwegian savings banks on the update of its €35bn covered bond programme.
- Assisting KIKRBI Invest A/S on its NOK17bn consortium takeover of Kahoot!
Advokatfirmaet Thommessen AS
Praised by clients as the ‘most experienced and knowledgeable capital markets team in Norway’, Advokatfirmaet Thommessen AS handles domestic and cross-border transactions, private placements, and IPOs, with particular strength in equity capital markets. On this front, co-head Christian Grüner Sagstad is highly recommended. Other key ECM names include Hans Cappelen Arnesen, who is sought after by corporate clients, private equity firms, and investment firms, as well as Anders Arnkværn, Ylva Gjesdahl Petersen and Solveig Fagerheim Bugge. Einar Grette leads the DCM team, specialising in bank and bond market financing work; Frida Stene-Slotte is another key name for DCM mandates.
Praxisleiter:
Christian Grüner Sagstad; Einar Grette
Weitere Kernanwälte:
Hans Cappelen Arnesen; Anders Arnkværn, Ylva Gjesdahl Petersen; Solveig Fagerheim Bugge; Frida Stene-Slotte; Hasse Arnesen; Halvor Mannsåker
Referenzen
‘Hands-on and solution-oriented.’
‘Solveig Fagerheim Bugge is very hands-on, efficient, and always relevant when doing equity capital markets. She has clear recommendations that are highly valuable for both us and our clients and is always up to speed on recent regulatory changes.’
‘Top quality services and skills. Deep knowledge and experience. Trustable.’
Kernmandanten
DNB Bank ASA
DNB Markets
Nordea Bank
Danske Bank
Svenska Handelsbanken
Pareto Securities
Pareto Alternative Investments AS
ABG Sundal Collier
Sparebank 1 Markets
Sparebank 1 Gruppen AS
Altor Fund Manager
Goldman Sachs International
Swedbank AB
Lyse AS
Infront AS
Carnegie AS
Rederiaktiebolaget Eckerö
Arctic Securities AS
Skandinaviska Enskilda Banken AB
Morgan Stanley
UBS Investment Bank
Fearnley Securities
Seadrill Ltd
Salmones Camanchaca S.A.
DOF Group ASA
Webstep ASA
Elkem ASA
Odfjell Drilling Ltd.
B2Holding ASA
Oslo Børs VPS Holding ASA
Kongsberg Gruppen ASA
Shelf Drilling, Ltd.
BW Group Limited
BW Offshore Limited
BW LPG Limited
BW Energy Limited
Hafnia Limited
Nordic Trustee AS
Navamedic ASA
Stolt-Nielsen Ltd.
Kahoot!
XXL
MPC Container Ships ASA
Höegh Autoliners ASA
Pioneer Property Group ASA
Mercell Holding
Icelandic Salmon AS
Everfuel A/S
Norwegian Property ASA
Lytix Biopharma AS
Komplett ASA
Cadeler A/S
Borgestad ASA
BerGenBio ASA
Observe Medical ASA
Ventura Offshore Holding Ltd
Public Property Invest AS
Highlight-Mandate
- Advised Kahoot! in connection with the takeover offer from Goldman Sachs Asset Management and other investors for an aggregate equity purchase price of NOK17.2bn.
- Advised Public Property Invest ASA on its initial public offering and listing on the OSE main list, with a market value of approx. NOK3bn.
- Managed Arctic Securities AS, DNB Markets, ABG Sundal Collier ASA, Pareto Securities AS, and Fearnley Securities AS in the $500m senior secured bond issue of Paratus Energy Services Ltd.
Wiersholm
Offering advice across the full spectrum of capital market work including IPOs and private placements, Wiersholm is praised by clients as the ‘strongest capital markets team in Norway’. A key name for ECM work is Anne Lise E. Gryte, who co-heads the team alongside Petter Thomren Moltu, who specialises in DCM mandates with experience in debt restructurings, and Sverre Sandvik, who is a ‘stand-out capital markets lawyer’ who advises on IPOs, right offerings and private placements. Tone Østensen advises on stock exchange listings and public and private placements. The strength of the team has been bolstered by the arrival of Audun Dahle-Nedrelid from BAHR in March 2024, who is an expert in debt capital and debt financing matters.
Praxisleiter:
Sverre Sandvik; Anne Lise E. Gryte; Petter Thomren Moltu
Weitere Kernanwälte:
Tone Østensen; Audun Dahle-Nedrelid
Referenzen
‘In my view Wiersholm has the strongest capital markets team in Norway. They are hands-on and provide excellent client service.’
‘Sverre Sandvik is a stand-out capital markets lawyer, with incredible knowledge and experience.’
‘Extremely knowledgeable and proficient. Highly dedicated. Seen as a whole, possibly the best team of lawyers within the capital markets industry. They are very good at recruiting the appropriate lawyers, which make them a very valued partner with the right staffing in all deals.’
Kernmandanten
Schibsted ASA
Wilh. Wilhelmsen Holding ASA
ABG Sundal Collier ASA
DNB Markets, a part of DNB Bank ASA
Mowi ASA
Skandinaviska Enskilda Banken
Pareto Securities AS
SpinChip Diagnostics ASA
Carnegie AS
Napatech A/S
SpareBank 1 Markets AS
Kongberg Automotive ASA
Norsk Hydro ASA
Geveran Trading Co. Ltd.
SFL Corporation Group
Cruise Yacht Upper Holdco Ltd.
TWMA Finance AS
Nordic Trustee AS
The North Alliance
Highlight-Mandate
- Advised the syndicate in the NOK2.1bn IPO of Norconsult ASA.
- Assisted Cruise Yacht Upper Holdco Ltd with the issuance of a senior secured $300m bond.
- Assisted Kongsberg Automotive ASA with the issuance of a senior secured €160m bond.
Wikborg Rein
Described as ‘very pragmatic and solution-oriented’, Wikborg Rein’s capital markets team continues to advise on IPOs, public takeovers and private placements and has notable strength in shipping and offshore financing work. Dag Erik Rasmussen heads up the equity capital markets sub-group, advising Norwegian and foreign shareholders and investment banks. Stian Tande Mortensen leads the debt capital markets sub-group and has expertise in high-yield bonds, direct lending transactions and financial restructurings. At associate level, Karoline Stock Evje takes point on equity capital markets work. The group also strengthened its ECM offering with the arrival of Andreas Myrstad from Advokatfirmaet Grette AS in January 2024.
Praxisleiter:
Dag Erik Rasmussen; Stian Tande Mortensen
Weitere Kernanwälte:
Karoline Stock Evje; Andreas Myrstad
Referenzen
‘Among the top law firms in Norway within the capital markets industry. Very pragmatic and solution oriented. Highly valued input in all aspects of deals, and a premier partner for issuers, investors, and investment banks.’
Kernmandanten
Permira
Blackstone
General Atlantic FT B.V.
Ferd AS
Seacrest Petroleo Bermuda Limited
Norse Atlantic ASA
DNB Markets, a part of DNB Bank ASA
Nordea Bank Abp, filial i Norge
The Kingfish Company N.V.
Gram Car Carriers ASA
Carnegie AS
Pareto Securities AS
Arctic Securities AS
Danske BankMarkets
Nordea Markets
ABG Sundal Collier ASA
Nordic Trustee AS
Clarksons Platou Securities
Swedbank
Highlight-Mandate
- Advised the bidder consortium, led by Permira and Blackstone, also comprising General Atlantic and TCV, in the $15bn public takeover of Adevinta ASA.
- Advised Gram Car Carriers ASA on the NOK7.6bn voluntary takeover offer of all shares of GCC made by SAS Shipping Agencies Services Sàrl.
- Advised DNB Markets, Pareto Securities, ABG Sundal Collier and Nordic Trustee on the $500m Senior Secured Bond Issue by Yinson Production Pte Ltd.
AGP Advokater
The transactional, capital markets and corporate boutique firm AGP Advokater advises on the full range of capital markets work and is praised as a ‘highly customer-oriented team’, advising companies, investors and lenders. The team is co-headed by Lars André Gjerdrum, who brings ‘very hands-on, practical advice’ to public take-overs and capital markets transactions, and Hege Dahl, who is a key name on the equity capital market front with extensive experience in capital markets transactions. On the debt capital market side, Peter Skutvik is a key contact with experience in debt financings and financing issues in the energy market.
Praxisleiter:
Lars André Gjerdrum; Hege Dahl; Peter Skutvik
Weitere Kernanwälte:
Hilde Gavel Bakke
Referenzen
‘Focus on the important/critical factors. Good and open communication. A highly diverse group of people.’
‘AGP are experts on the IPO and listed market issues.’
‘Strong team, with hands-on partners that spend material time with clients.’
Kernmandanten
Spir Group ASA
Sterner Group AS
Norselab AS
TouchNetix AS
Oda Group Holding AS
Carnegie AS
ABG Sundal Collier ASA
Nanopower Semiconductor AS
Techstep ASA
Gaia Salmon Holding AS
LINK Mobility Group Holding ASA
FantasyChess AS
Nortel AS
Arctic Securities AS
Hermana Holding ASA
DNO ASA
Karbon Equity AS
Sky City Entertainment
Baltic Sea Properties AS (Euronext Growth listed)
Highlight-Mandate
- Advised Nortel AS on takeover bid of Euronext Growth-listed Nortel AS by Unifon Holding AS.
- Advised Hermana Holding ASA in connection with its listing on Oslo Stock Exchange.
- Advised DNO ASA on its $400m bond loan.
Advokatfirmaet CLP DA
Advokatfirmaet CLP DA 's capital markets practice excels in ECM work, acting for a roster of issuers, investors, and managers on equity offerings, and delivering ‘very high-quality work with a commercial mindset’. Edvard Cock leads the team and handles regulatory capital markets matters, and Andreas Kildal takes point on stock exchange introductions, equity issues, and continuing obligations. Joakim Gjerde is a key name for securities law, alongside associate Christine Schjerven who aptly advises on capital markets transactions.
Praxisleiter:
Edvard Cock
Weitere Kernanwälte:
Andreas Kildal; Joakim Gjerde; Christine Schjerven
Referenzen
‘Accessible, proactive, and skilled lawyers.’
‘Joakim Gjerde and Edvard Cock are accessible, proactive and skilled lawyers.’
‘Very high quality in the work and a very commercial mindset.’
Highlight-Mandate
- Advising General Atlantic on its participation in the voluntary tender offer for all Class A Shares in Adevinta ASA.
- Advising Jordanes ASA on its IPO and listing process.
- Advising Volue ASA on the voluntary tender offer, valuing Volue at NOK6.1bn.
CMS Kluge
Johan Svedberg leads the practice at CMS Kluge, which handles a varied range of work spanning IPOs, private placements, securitisations, and high-yield bond issuances. Leveraging the firm’s corporate, banking, and finance teams, the group provides expertise across a broad spectrum of industries including the oil and gas, and shipping sectors.
Praxisleiter:
Johan Svedberg
Weitere Kernanwälte:
Thea Killengreen
Kernmandanten
Capsol Technologies
Ocean 14 Capital
Norsk Hydro
Armada Capital Partners
Xplora Technologies
Multiconsult
Circularity Capital
Luxcara
SWEN Capital Partners
Aqua Robotics
Advokatfirmaet Haavind AS
Advokatfirmaet Haavind AS advises across the entire range of capital market transactions, handling IPOs, bond issuances and public takeovers for clients in the energy, technology, aquaculture and real estate sectors. Cornelius Sogn Ness leads the team and advises across both ECM and DCM transactions, with expertise in IPOs, private placements and public takeovers, supported on the ECM front by Ragnar Gundersen Koffeld and on the DCM front by Hans-Christian Donjem. At associate level, Kasper Formo Asplin is recommended for financial regulatory capacities, and Helen Xu takes point on bank financing and bond financing work.
Praxisleiter:
Cornelius Sogn Ness
Weitere Kernanwälte:
Ragnar Gundersen Koffeld; Hans-Christian Donjem; Kasper Formo Asplin; Helen Xu
Referenzen
‘Efficient team. Very good availability and strong involvement from the senior management team.’
Kernmandanten
Lumi Gruppen AS
Norcod AS
ABL Group ASA
FSN Capital GP VI Limited – Active Brands AS
Gigante Salmon AS
Turnkey AS
BioFish Holding AS and Fearnley Securities AS
Omda AS
Aider Konsern AS
Ingka Investments
Raufoss Technology AS
Nordly Holding AS
Norsk Hydro ASA
Greenkeeper AS
Hydro Energi AS
Highlight-Mandate
- Advised Hydro Energi AS with the entry into a partnership with Macquarie Asset Management.
- Advising Norcod AS on a NOK175m capital raise consisting of a NOK170m private placement, and a NOK5m subsequent offering.
Advokatfirmaet Schjødt
Advokatfirmaet Schjødt’s well-established client base includes corporate finance houses, international and domestic issuers, banks and investors, with a broad practice encompassing public and private offerings, securities regulatory issues and transactional restructurings. Marianne Lind Sahl heads up the department and is recommended for IPO mandates and complex equity market transactions, while Kaare P Sverdrup aptly advises large corporates, borrowers and issuers of bonds. Viggo Bang-Hansen‘s particular focus is on public and international transactions, and Audun Bondkall handles securities work, and public and international capital market transactions.
Praxisleiter:
Marianne Lind Sahl; Kaare P Sverdrup
Weitere Kernanwälte:
Viggo Bang-Hansen; Audun Bondkall; Max Mossin Wagle
Referenzen
‘Very competent and experienced team.’
‘The team have a commercial mindset and are proactive when working on transactions, they find solutions and control all the legal aspects.’
‘Max Mossin Wagle is a very proactive, commercial and also a nice person to work with. Provides insight on market beyond what is expected.’
Kernmandanten
ABG Sundal Collier ASA
Aibel ASA
Arctic Securities
Argeo AS
Bluewater Holding B.V.
Clarksons Securities AS
DNB Markets, part of DNB Bank ASA
Guardian Capital Group Limited
Hemen Holding Limited
Hexagon Purus ASA
HydrogenPro ASA
Klaveness Combination Carriers ASA
Morrow Batteries ASA
Nel ASA
Nordic Trustee
Norvestor
Nykode Therapeutics ASA
Paratus Energy Services Ltd.
Pareto Securities AS
Rec Silicon ASA
SpareBank 1 Markets AS
TGS ASA
Vår Energi ASA
Highlight-Mandate
- Advised TGS ASA on its merger with PGS ASA.
- Acted as global lead adviser to Schlumberger in its acquisition of majority ownership in Aker Carbon Capture Holding AS.
- Assisted Chip Bidco and the Cegal group with a NOK2.25bn Senior Secured Bond Issue and extension of its bank financing arrangement.
Selmer
With a growing presence in the ESG space, Selmer’s capital market offering is sought out by clients in the financial services, renewables, technology and life sciences sectors. The capable trio of Jon Fredrik Johansen, Gabrielle Risøe and Christopher Jensen lead the team. Johansen acts as lead counsel on several high-profile equity capital markets transactions, Risøe has notable expertise in stock exchange transactions and securities law, and Jensen is a key name for bond financings. On the debt capital markets front, Per Morten Christiansen consistently advises on local and cross-border bond issuances. At the associate level, Madeleine Marcussen takes point on IPOs and block trades.
Praxisleiter:
Jon Fredrik Johansen; Gabrielle Risøe; Christopher Jensen
Weitere Kernanwälte:
Per Morten Christiansen; Madeleine Marcussen
Referenzen
‘Excellent assistance on private placement transactions.’
‘Jon Fredrik Johansen provides excellent assistance, high availability, and proactive in finding solutions.’
‘Smaller team, but makes up for it in terms of attention, professionalism, and sector knowledge. New partner recruits have enhanced the capital markets team by a lot, and their knowledge of the inner workings of investment banks makes them a great partner.’
Kernmandanten
Sparebank 1 SR-Bank / Sparebank1 Markets
Haugesund Sparebank
Flekkefjord Sparebank
Sparebanken Sør
Norsk Titanium AS
Desert Control AS
Norwegian Block Exchange AS
Orkla ASA
Aega ASA
Scatec ASA
Kitron ASA
Borregaard ASA
Europris ASA
Photocure ASA
Kommunalbanken AS
PKH
Clarksons Securities
EQVA ASA
Calidus Resources Limited
Pareto Securities
Nordea Bank, filial I Norge
DNB Markets, part of DNB Bank
Gigante Salmon AS
Highlight-Mandate
- Assisted with Sparebankstiftelsen Sparebanken Sør’s completion of an offer of NOK2.9bn in ECCs in the main market-listed savings bank Sparebanken Sø.
- Acting for Kommunalbanken as euro medium term note programme adviser.
- Representing the major Nordic investment banks, DNB Markets, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge and SpareBank 1 Markets AS in relation to a successful NOK1.75bn placement of unsecured green bonds.
Advokatfirmaet Simonsen Vogt Wiig
‘Prepared to go the extra mile’, the team at Advokatfirmaet Simonsen Vogt Wiig advises across the range of equity capital markets work, consistently advising issuers and investment banks. The practice is overseen by Amund Fougner Bugge, who handles high-profile ECM transactions and public-to-private takeovers. Stian Alexander Slaatta has a broad ECM practice, which includes advising on IPOs. With knowledge of banking and financing and securities law alongside DCM expertise, Christian Berg Meland heads up the direct capital market group.
Praxisleiter:
Amund Fougner Bugge
Weitere Kernanwälte:
Stian Alexander Slaatta; Christian Berg Meland
Referenzen
‘Strong execution and quick feedback.’
‘Stian Alexander Slaatta has a great experience with different complicated ECM transactions and his experience is key in discussing different paths when working with potential equity placements.’
‘The team at Simonsen Vogt Wiig is professional, highly competent and dedicated, and prepared to go the extra mile.’
Kernmandanten
Arctic Securities
Spotlio
Huddly
Næringsbanken
Zwipe
Stainless Tankers
Pareto Securities
Carnegie
DNB Markets
Njord Securities
Tibber
Jordanes
Atlas Capital Markets
Sydvestor
Eidsiva Energi
Laxey
Spir Group ASA
Highlight-Mandate
- Assisted Huddly AS, listed on Euronext Growth Oslo, in connection with a private placement raising gross proceeds of NOK130m and a subsequent repair offering of NOK30m.
- Acted as sole counsel for all parties involved in a transaction comprising a private placement raising gross proceeds of NOK230m.
- Advised Arctic Securities AS and Pareto Securities AS as deal managers on Frigaardgruppen AS’ senior secured NOK500m bond issue.