Next Generation Partners

Rising Stars

Capital markets in Denmark

Gorrissen Federspiel

Led by the ‘outstandingRikke Schiøtt Petersen, Gorrissen Federspiel‘s practice exhibits ‘unrivalled expertise‘ in advising a diverse client portfolio of private equity funds, underwriters and issuers. Klaus Søgaard has over 25 years’ experience in advising on IPOs and capital increases for domestic corporates, while Michael Steen Jensen primarily advises banks and financial institutions on bond issuances and securitisation work. Chantal Pernille Patel focuses on the equity capital markets side, and handles securities regulation matters, while Tobias Linde advises corporates on the borrower side and handles IPO financings, and Thomas Maaberg Hansen joined the team from Plesner in January 2022, bringing his expertise in acquisition finance to the group.

Practice head(s):

Rikke Schiøtt Petersen


Other key lawyers:

Klaus Søgaard; Michael Steen Jensen; Chantal Pernille Patel; Mikael Philip Schmidt; Tobias Linde; Morten Nybom Bethe; Mikkel Fritsch; Thomas Maaberg Hansen


Testimonials

‘Great, responsive and high quality advisory services on capital markets.’

‘A clear drive and commercial understanding to help drive things forward.’

‘Unrivalled expertise and experience in Denmark’s most complex and high-profile capital markets transactions.’

‘Rikke Schiøtt Petersen’s dedication and ability to lead teams is just exceptional. She is an outstanding individual.’

‘The whole Gorrissen Federspiel team is excellent.’

Key clients

ABG Sundal Collier


Aktieselskabet Arbejdernes Landsbank


Aquaporin A/S


BioPorto A/S


Cadeler A/S


Chr. Hansen


Danish Ship Finance A/S


Danske Bank A/S


Den Jyske Sparekasse


EQT Partners


Green Mobility


Intact Financial Services


ISS


Jyske Bank A/S


KommuneKredit


Maersk Drilling


Nordea


Novo Holdings


Nykredit


Orphazyme


Rockwool


Spar Nord Bank


Sydbank A/S


Vestas


Work highlights


  • Advised Maersk Drilling in connection with its combination with US-based Noble Corporation, and in respect of the voluntary public share exchange offer made to shareholders of Maersk Drilling.
  • Advising Air Greenland on the acquisition and finance of new aircraft and helicopters through a US bond issuance in a matter worth $180m.
  • Advised KommuneKredit on the $1bn 1.00% Fixed Rate Notes due 15 December 2023 issued under the Issuer’s €30bn Medium Term Note Programme.

Kromann Reumert

Kromann Reumert‘s practice is ‘second to none‘ in assisting corporates and investors across the life sciences, energy, industrial, and banking sectors throughout the Nordic region. On the equity capital markets side, Christian Lundgren handles transactions across the pharmaceuticals and telecoms sectors, while Marianne Philip advises international industrial clients on public issuances. Jens Steen Jensen principally handles financial regulatory issues, Henrik Møgelmose acts for domestic and overseas financial institutions on IPOs and stock exchange regulatory matters, and Christina Bruun Geertsen often assists equity and venture funds with the negotiation of share purchase agreements and due diligence matters. Jakob Bernhoft and Kim Rasmussen departed for Poul Schmith in August 2023.

Practice head(s):

Christian Lundgren; Marianne Philip; Jens Steen Jensen


Other key lawyers:

Christina Bruun Geertsen; Jørgen Kjergaard Madsen; Henrik Møgelmose; Jeppe Buskov


Testimonials

‘Experienced team who are trustworthy and genuinely interested in finding solutions.’

‘Very experienced – and always able to find pragmatic solutions, even in new areas within capital markets.’

‘Christian Lundgren provides clear, timely input with a not-too-academic, yet very professional, approach that works.’

‘The team is second to none within the capital markets space in Denmark.’

‘Christian Lundgren and Jeppe Buskov are very strong legal professionals and always available.’

Key clients

Danske Bank A/S


Nordea Bank


Carlsberg Breweries A/S


FLSmidth & Co A/S


Scandinavian Tobacco Group A/S


Bavarian Nordic A/S


Genmab A/S


Pandora A/S


ISS A/S


Ørsted A/S


NKT A/S


Nilfisk Holding A/S


Lundbeck A/S


SimCorp A/S


ALK-Abello A/S


Jeudan A/S


Tivoli A/S


Coloplast A/S


GN Store Nord A/S


Carnegie


Nykredit Bank


Tryghedsgruppen


European Energy


Novo Holdings


Topdanmark


Chr. Augustinus’ Fabrikker A/S


Plesner

Plesner‘s practice assists a varied client base with the full spectrum of capital markets matters, including accelerated book-builds, IPOs, and securities listings. Thomas Holst Laursen and Nicolai Ørsted lead the equity capital markets side of the practice, while Søren Thyssen Valerius leads the debt capital markets side. Laursen and Ørsted customarily advise blue-chip corporates and private equity funds on cross-border IPOs, takeovers, and rights issuances, while Valerius has broad financial regulatory expertise and handles financings. Henrik Laursen has extensive expertise in advising domestic investment banks, and senior associate Janus Jepsen is exceptionally experienced in public takeovers.

Testimonials

‘Well educated and forthcoming team.’

‘Henrik Laursen is a truly attentive lawyer with correct but still balanced advice.’

Key clients

Netcompany Group


Nordea Danmark, Filial af Nordea Bank Abp, Finland


Danske Bank


Sampo


If P&C Insurance


Danish Ministry of Finance


Zealand Pharma


Carnegie Investment Bank


JP Morgan


Morgan Stanley


Tryg


Novozymes


European Energy


TDC


NTG – Nordic Transport Group


Nordic Waterproofing Holding


ABG Sundal Collier


RISMA Systems


Work highlights


  • Advised Noble Corporation on the complex $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.
  • Advised TDC Holding A/S, TDC NET A/S and Nuuday A/S on the refinancing of the TDC Group.
  • Advised Sanistål A/ S on the cross-border voluntary public tender offer received from Ahlsell Danmark ApS for the shares held by the minority shareholders in Sanistål A/S, and the simultaneous sale of 75.49% of the shares in Sanistål A/S (held by the major shareholders) to Ahlsell Danmark ApS.

Accura Advokatpartnerselskab

Accura Advokatpartnerselskab‘s growing practice advises domestic financial institutions, issuers and international investment banks on the full scope of issues. The team habitually dispenses advice on statutory documentation packages, disclosure obligations and the preparation of annual general meetings. Anne Zeuthen Løkkegaard leads the team alongside Martin Allan Christensen. Løkkegaard has notable experience in regulatory matters and stock exchange listings, while Christensen regularly advises domestic and overseas investors and financial institutions on takeovers and secondary offerings; he joined the team from Bech-Bruun in February 2022.

Practice head(s):

Anne Zeuthen Løkkegaard; Martin Allan Christensen


Other key lawyers:

Mads Kjellerup Dambæk; Kåre Stolt; Andreas Steen Vallentin-Hansen


Key clients

Alm. Brand


OrderYoYo


HusCompagniet


Vestjysk Bank


H+H International


Spar Nord Bank


Relesys


Fast Ejendom Danmark


Work highlights


  • Advised Alm. Brand on its acquisition of Codan’s Danish business and subsequent billion-Euro rights issuance offering 1.387m new shares with a subscription price of DKK7.55 each.
  • Advised Relesys A/S on its listing and admission for trading on Nasdaq First North Premier Growth Market Denmark.
  • Advised Alm Brand on the listing of tier 1 and tier 2 capital note amounting to DKK400m and DKK1.3bn respectively.

Bech-Bruun

Bech-Bruun‘s capital markets and regulatory practice frequently advises domestic and international stock broker companies and alternative investment fund managers on de-listings, securities trading work and secondary offerings. David Moalem and Steen Jensen co-head the practice. Moalem has vast expertise in regulatory matters and often advises financial institutions and payment services providers on buyback programs and multilateral trading facilities, and Jensen specialises in P2P transactions, takeover bids and prospectuses.

Practice head(s):

David Moalem; Steen Jensen


Key clients

Jyske Bank


Green Hydrogen Systems


Bank Nordik


H Lundbeck


Onxeo SA


Lunar Bank


Euronext Denmark (VP Securities)


Ambu


Novozymes


Flügger group


North Media


H+H International


Skandinaviska Enskilda Banken


Danske Bank


Work highlights


  • Advised Green Hydrogen Systems, which was capitalised with funding from AP Moeller Holding and then matured, on the company’s IPO on Nasdaq Copenhagen.
  • Advised Nordea Bank, JP Morgan, Danske Bank and SEB as joint global coordinators on multiple matters for Alm Brand, including its rights issuance of DKK10.5bn to finance the acquisition of Codan and private placing of DKK900m Alm Brand shares to partly fund its use of pre-emption rights.
  • Advised Welltec on its successful issuance of $325m 8.25% senior secured notes.

Bruun & Hjejle

The ‘high-quality‘ team at Bruun & Hjejle handles the full range of mandates for a diverse client roster of banks, major financial institutions and institutional investors; notable examples include Morgan Stanley, Danske Bank and European Energy. Practice head Morten Jensen is an equity capital markets specialist, who regularly advises on IPOs, sell-down transactions, and rights issuances. The ‘very experiencedJesper Schultz Larsen is adept at assisting clients with stock emissions and listings.

Practice head(s):

Morten Jensen


Other key lawyers:

Jesper Schultz Larsen; Paula Grønlund; Anne Cathrine Ingerslev


Testimonials

‘Jesper Schultz Larsen is a very experienced lawyer with deep knowledge of the specialist areas he works with. He is extremely good at combining client needs and goals.’

‘High quality and diverse team. They are very smart, fast and service minded. Can cut through complexity.’

Key clients

Danske Bank


Morgan Stanley


J.P. Morgan


Goldman Sachs


Karnov Group Denmark


Better Collective


Nordea Bank, Sweden


Nordic Trustee


Arbejdernes Landsbank


A.P. Møller Holding


Linkfire


Realkredit Danmark


Danmarks Skibskredit


FOM Technologies


TDC


European Energy


BioPorto


Work highlights


  • Advising Arbejdernes Landsbank on a DKK1.8bn rights issuance.
  • Advising FOM Technologies A/S on a directed share issuance targeted at Swedish and Danish investors.
  • Represented European Energy, a global renewables company, in connection with an offering of €300m senior unsecured green bonds listed on Nasdaq Copenhagen.

Mazanti-Andersen

Mazanti-Andersen‘s ‘extremely strong‘ team maintains its focus on advising US-listed corporates on IPOs, and assisting biotech and technology companies with the issuance of convertible bonds. The team frequently handles transitions of stock exchanges, variable equity financings, and equity investments for overseas private issuers. Practice head Lars Lüthjohan Jensen has over 20 years’ experience in advising on convertible notes transactions and directed issuances in the IT and life sciences sectors.

Practice head(s):

Lars Lüthjohan Jensen


Testimonials

‘Extremely strong in capital markets with great international IPO and ECM experience.’

‘Lars Lüthjohan Jensen is hardworking, very strong on complex corporate structuring matters, public mergers and take overs. Lars is knowledgeable, super experienced and a nice chap.’

Key clients

Mitsui & Co. Ltd.


Copyright Agent


Y-mAbs Therapeutics Inc


Ascendis Pharma A/S


Forward Pharma A/S


Evaxion Biotech A/S


Allarity Therapeutics A/S and Inc.


Strategic Investments A/S


FluoGuide A/S


Freetrailer A/S


Initiator Pharma A/S


Virogates A/S


7N A/S


Y-mabs Inc and A/S


Vald. Birn Holding A/S


Work highlights


  • Advised Ascendis Pharma A/S on its $500m convertible bond issuance.
  • Advised Allarity Therapeutics A/S in connection with its reverse IPO to Nasdaq, New York, following delisting from Nasdaq Sweden and a full share swap transaction, including a directed issuance of shares in connection with the IPO of aggregate value of approx. DKK800m.
  • Advised Ascendis Pharma A/S in connection with its $460m public offering of ADS’s.

DLA Piper Denmark

DLA Piper Denmark‘s practice assists clients with the whole array of capital markets transactions, including takeovers, issuances and secondary offerings. The team has seen an increase in equity capital markets mandates and continues to provide advice to domestic investors on the listing of companies on various markets, including Nasdaq Stockholm and Nasdaq First North Growth Market Sweden.

Key clients

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


Work highlights


  • Advised Re-Match Holding on its IPO on Nasdaq First North Premier Growth Market.
  • Advised SynAct Pharma on its listing on Nasdaq Stockholm.
  • Advised Initiator Pharma on its listing on Nasdaq First North Growth Market.

Horten

Horten‘s team is adept in handling both debt and equity capital markets transactions for a varied client base of issuers, investors and banks. The practice most notably advises on dual listings, issuances and passporting work. Practice co-head Lise Lotte Hjerrild is known for her experience in delistings, capital raisings and IPOs, and co-head Jacob Kornerup advises domestic and global enterprises on transactional matters.

Practice head(s):

Lise Lotte Hjerrild; Jacob Kornerup


Testimonials

‘Nice people who know their stuff.’

Key clients

G4S plc


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


Work highlights


  • Advised FTSE 100 company, G4S plc, on all EU and Danish ECM matters relating to the successful public takeover bid of approx. £5.4bn from Allied as well as subsequent delisting from Nasdaq Main Market and settlement hereof.
  • Advised a syndicate of international banks with a €3.4bn refinancing of Danish telecoms infrastructure provider TDC NET A/S following its de-merger from TDC Group.
  • Advised Danish Scandion Oncology on all matters relating to its rights emission on Nasdaq First North Sweden.

Moalem Weitemeyer

Moalem Weitemeyer handles both regulatory and transactional issues, with particular emphasis on public-to-private deals and equity issuances. The team assists a variety of listed companies and banks on matters concerning non-callable bonds and listings. Practice head Henning Aasmul-Olsen habitually advises large domestic and international corporates and financial sponsors, and Dan Moalem is an M&A expert.

Practice head(s):

Henning Aasmul-Olsen


Other key lawyers:

Dan Moalem


Testimonials

‘Strong market insights coupled with practical results.’

‘Solid experience and great legal savvy, achieving pragmatic solutions.’

Key clients

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 A/S


Astralis A/S


Trophy Games Development A/S


Work highlights


  • Advised DSV on the update of its €4bn EMTN programme and subsequent issuance of notes for a total amount of €600m.
  • Advised JOOL Corporate Finance on the issuance of up to DKK400m senior secured notes due in 2024 by CPHI-Holding A/S.
  • Advised Nasdaq Copenhagen Main Market listed Dampskibsselskabet Norden A/S on its issuance and subsequent listing on Nasdaq Copenhagen of its $100m senior unsecured non-callable bonds under a frame of $150m.