Capital markets in Denmark
Gorrissen Federspiel is 'very experienced' and adopts a 'hands-on approach' across debt capital markets (DCM) and equity capital markets (ECM) work. Rikke Schiøtt Petersen heads the team and is 'always available' with 'very good advice'; he recently advised Nets on its voluntary public takeover by Evergood 5. Other recent mandates include Chantal Pernille Patel assisting Macquarie Infrastructure and Real Assets with the disposal of its stake in Copenhagen Airports to Ontario Teachers’ Pension Plan and ATP, Klaus Søgaard acting for GreenMobility on its IPO on Nasdaq First North Copenhagen, Anders Ørjan Jensen advising Danske Bank as bookrunner on H+H International’s rights issuance and admission of new shares on Nasdaq Copenhagen, and Tobias Linde handling Nykredit Realkredit's bond issuance. Niels Heering, Michael Jensen, Tobias Linde, Morten Nybom Bethe and Mikkel Fritsch are also key names to note.
Kromann Reumert's team works on big-ticket deals across the full spectrum of capital markets issues. Marianne Philip jointly leads the practice and advised Bavarian Nordic on its issuance of new shares to Johnson & Johnson Innovation, and assisted Zealand Pharma with its IPO on the Nasdaq Global Select Market. In another highlight, fellow co-head Christian Lundgren acted for New Energy Investment, a Goldman Sachs subsidiary, on its bookbuild offering of shares in Dong Energy. Other notable names include Jørgen Kjergaard Madsen, Anders Stubbe Arndal and Henrik Møgelmose.
Plesner's clients single it out as 'probably the leading legal capital markets practice in Denmark' and praise its team of 'highly commercial yet legally brilliant partners, who are dedicated to delivering commercial sound legal advice'. The 'exceptional' Thomas Holst Laursen jointly leads the ECM team and advised DK Telekommunikation on its public takeover of TDC, which was previously owned by a consortium of Danish pension funds and Macquarie Infrastructure and Real Assets. Other work includes fellow ECM head Nicolai Ørsted assisting Sparekassen Sjælland-Fyn with its €61m rights issuance, and DCM group head Thomas Maaberg Hansen acting for DKT Finance on its €1.5m issuance of high-yield notes. Micha Fritzen and Henrik Laursen are highly experienced in handling IPOs; Laursen attracts praise as 'a very strong practitioner who always goes the extra mile for clients'.
With notable strength across ECM and DCM transactions, Accura Advokatpartnerselskab acts for issuer and underwriter clients on substantial matters. Noteworthy examples include Thomas Weincke advising H+H International on its €70m rights issuance, Kim Toftgaard assisting Welltec with its €280m note issuance, and Kåre Stolt acting for PFA Pension on its €1.5bn acquisition of a minority stake in Nykredit from Forenet Kredit, Industriens Fond and Foreningen Østifterne. Lars Hagbard Grønkjær was recently promoted to the partnership; he worked with Mads Kjellerup Dambæk to assist Netcompany with its IPO on Nasdaq Copenhagen.
Bech-Bruun 'knows the local market well' and provides advice that is 'risk based rather than purely technical in nature' thanks to a 'very responsive and client-focused' practice. Morten Krogsgaard leads the team and is an expert in DCM work; Steen Jensen and David Moalem are also key names to note. In a recent highlight, Krogsgaard advised Nordea Bank on a bond issuance; Jensen also acted for the Ontario Teacher's Pension Plan on the sale of its stake in Copenhagen Airports to ATP and simultaneous purchase of Macquarie's stake, and Moalem assisted NTG with its $108m public tender offer for NeuroSearch.
Bruun & Hjejle is 'well-reputed' and noted for its 'deep legal expertise and high standards'. Morten Jensen leads the team and is an expert in ECM deals; he recently advised Danske Bank as global coordinator on Torm’s $100m share sale to institutional investors. Jesper Schultz Larsen is very skilled in transactional work and assisted Goldman Sachs with its sell down in shares of Dong Energy.
Niels Erik Nielsen heads up the department at DLA Piper Denmark, which also fields public offerings expert Karsten Pedersen and DCM specialist Ian Tokley; Tokley joined the team from Lundgrens in 2018. The practice is highly skilled in IPOs and has a client roster including European Energy and Lauritz.com; the group also recently advised Cemat and InterMail on their listings on Nasdaq Copenhagen.
Horten is particularly strong in DCM matters; practice head Thomas Francis Beckett predominantly advises sponsor side clients on high-yield bond offerings. Recent highlights include Jim Øksnebjerg advising Jyske Bank on its public tender offer totalling €288m for the remaining interest in Nordjyske Bank, and Henning Aasmul-Olsen assisting Copenhagen Airports with a mandatory tender offer from Ontario Teachers' Pension Plan and ATP. Carlsberg Byen and DS Norden are also clients. Claus Bennetsen is also a key name to note.
Mazanti-Andersen Korsø Jensen's expertise in the space focuses primarily on IPOs and takeovers. Lars Lüthjohan Jensen jointly leads the practice with Frederik B Hasling; Jensen recently advised Medical Prognosis Institute on its public rights issuance on Nasdaq First North Sweden, and assisted Park Presidio Capital with its public takeover of Nets.
Moalem Weitemeyer Bendtsen's team is 'agile and knowledgeable' while being 'easily accessible and completely committed'. The 'trustworthy' Dan Moalem heads the practice and 'always works in a very structured manner'; he recently advised Bain Capital Private Equity and Advent International on their voluntary public takeover of Nets. Lennart Meyer Østenfjeld and Bjørn Krog Andersen are also key figures; Østenfjeld acted for Jool Capital Partner as arranger on the provision of a bond financing to GG Development 3, and Andersen advised Tryghedsgruppen on its acquisition of Alka and subsequent private share placement.