Denmark

Danish law firm Accura was founded in 1999. It operates an office in Copenhagen.

Focusses / specialisms

The firm is best known for its strong M&A practice, for which it is one of the market’s leaders. In recent years the firm demonstrated its expertise in financing transactions.

The banking team is renowned for its acquisition financing work, and regularly represents borrowers and lenders on bilateral and syndicated term loans and revolving credit facilities.

The M&A team generally works on several of the largest cross-border deals in the market, with pharmaceutical and technology companies figuring prominently among its clients. This includes advising on buy and sell-side mandates for Scandinavian and international private equity houses.

The firm also has strengths in other financial and corporate areas including restructuring, where it often works for the creditors, and in capital markets, where it is especially strong on the equity side.

In the projects space the firm generally works on renewable energy and infrastructure matters.

Key clients

Key clients include Alm Brand, Danske Bank, PFA Pension, AP Pension, Euronext, VP Securities, Nexi, Spar Nord Bank, Nykredit, OrderYOYO, Relesys and Vestjysk Bank.

Research period review: 33rd edition (2023/2024)

The firm's banking and finance team demonstrated a strong presence and expertise in the acquisition financing sector across Denmark, maintaining a consistent and reputable position. The firm's involvement in financial regulation enabled them to secure regulatory approval for significant M&A deals. Furthermore, their presence in the investment funds area highlights their involvement and proficiency in this domain as well.

The firm had a strong position in the Danish equity capital markets, providing assistance to both Danish issuers and international investment banks. Furthermore, the firm was actively involved in debt-related matters, representing both issuers and lenders.

In the field of M&A, the firm was engaged in several significant cross-border transactions, offering advisory services to targets, buyers, and sellers. In addition, the firm maintained a leading position in the Danish private equity market, providing guidance to leading investors in this sector.

In the area of project development, the law firm served corporate clients with a primary focus on projects in the renewable energy sector. The company also extended its activities to include the telecommunication and infrastructure sectors.

During this research cycle, the firm's restructuring and insolvency team handled a range of restructuring proceedings, including both in-court and out-of-court cases. Furthermore, the firm acted as a trustee for significant bankruptcy estates throughout Denmark.

In their banking and finance practice, the firm hired Philip Hundahl as a director as of November 2022. Within the firm’s capital markets equity division, they hired one new partner, Martin Allan Christensen on the 1^st of February 2022. In their M&A practice, the firm hired Helle Whel as a new partner in February 2023.

Deal highlights: 33^rd edition (2023/2024)

Adapteo €44 million acquisition of Ajos

Bridgepoint Development Capital €201 million acquisition of LanguageWireColoplast

Destiny acquisition of IPvision

EQT acquisition of 3Shape

Gefion Insurance insolvency

Relesys Nasdaq IPO

OrderYOYO Nasdaq IPO 

Client feedback: 33^rd edition (2023/2024)

Asset finance

"Always available and very commercial."

Banking

"Full-service, highly professional promptly covering not only legal but also financial and strategic aspects."

Capital markets

"Commercial, service-minded and talented. "

"Financial services regulatory"

"High-quality work, good availability and to the point."

 "A holistic view."

Leveraged finance

"Strong diversified team, which I trust."

M&A

"They are very hands-on for both big and small issues, they are also extremely accurate in the communication to both buyers and sellers."

"Proactive and constructive contribution to all parts of the process."

"Very commercial, very proactive, always solution-orientated."

"Great knowledge of the market, practical and smart."

"Accura have the market knowledge and experience when it comes to providing advice regarding events which we may only come across once – but which they do much more often. They are ready to guide you through the process so you keep your deadlines."

 "Professional, to the point, go-seeking, likeable people."

"High speed, high flexibility, commercial and result-orientated in its advisory, focuses on where energy should be put."

Restructuring

"Able to get into the business and understand the business rationale of how to optimise and steer the process in a very professional manner."

Søren Aamann Jensen

"Strong profile with solid legal and business acumen."

Martin Allan Christensen

"Extremely sharp, commercial and solution-orientated."

Tue Frandsen

"The best M&A lawyer in Denmark."

"Great advice. Practical, smart and available at all times. Mads, Kjellerup Dambæk, Heavy all-rounder from legal, negotiation, financial to strategic insight, focusing on achieving the optimal solution for his client."

Mads Kjellerup Dambæk

"Long and broad experience within the financial sector."

" Positive attitude, knowledge, alternative solutions."

"He is service-minded and follows up on leads."

"Mads knows our business so well that he will reach out to us and suggest solutions or things we need to be aware of before we reach out to him. That to me is fantastic because I know I have a lawyer who thinks ahead and predicts which areas might become issues for me as a client – and how to address them."

Kristian Klausen

"Very flexible, and great at communication with all parties, including being proactive on problem-solving."

Kåre Stolt

"Proactive, commercial and creative."

Kim Toftgaard

"Ongoing following up on our business – well connected, responsive and very commercial-orientated."

Jacob Vinther

"Highly flexible, very solution-orientated, dares to give his honest opinion, not afraid of being bold."

With a history tracing back to 1872, the Danish law firm Bech-Bruun has offices in Copenhagen, Aarhus, New York and Shanghai.

Focusses / specialisms

Bech-Bruun is recognised for its strong M&A, projects and restructuring and insolvency teams. It also boasts of a very credible banking and capital markets offering.

The firm’s previously acquisition finance-focused banking practice has broadened in focus and now regularly acts on large asset financings, project financing and regulatory mandates. It often represents the borrowers and lenders on deals involving the aviation, manufacturing and real estate sectors.

In capital markets the firm is particularly strong on the equity side, where it consistently acts on IPOs on Nasdaq Copenhagen, but also has strong capabilities in supporting debt and structured finance transactions.

The M&A team has a strong presence in Aarhus and Copenhagen and regularly completes several of the market’s biggest transactions, particularly in large Danish sectors, such as financial services, pharmaceuticals, IT, energy and shipbuilding.

In project development, the firm is strong in energy, with offshore pipelines and wind farm developers often creating work for the team. It is equally capable in infrastructure where the combination of specialist construction expertise and a deep bench gives the firm the capacity to handle a wide range of major construction and infrastructure projects.

The firm’s restructuring and insolvency team represented debtors and creditors on a mix of formal restructurings, distressed acquisitions and insolvency proceedings.

Key clients

The firm’s key clients include CVC Capital Partners, CPH City and Port Development, Møller-Mærsk, Danfoss, Danske Bank, Copenhagen Infrastructure Partners, Energinet, Nordea Bank, Nykredit Bank, Royal Unibrew, Skandinaviska Enskilda Banken and TotalEnergies.

Research period review: 33^rd edition (2023/2024)

The firm’s banking division focused on acquisition finance, providing advisory services to prominent clients in the banking and financial services sectors, as well as energy finance and real estate finance.

In debt capital markets, the firm retains a robust position, excelling in bond and notes issuances as well as hybrid securities, with a primary focus on advising issuers. Furthermore, their equity capital markets team repeatedly demonstrated expertise in the IPO arena.

The firm played a significant role in Denmark's M&A landscape, handling notable mandates for both buyers and sellers. In the private equity sector, their team was actively engaged in substantial transactions, serving both private equity firms and their portfolio companies.

The firm was extensively involved in projects work, undertaking numerous large-scale developments in both the energy and infrastructure sectors.

The firm provided expert advice in restructuring and insolvency matters, catering to both creditor and debtor clients, including major Danish banks, prominent government funds, Danish corporates, and Danish subsidiaries of major foreign companies.

During the research cycle Partner Martin Allan Christensen left the capital markets practice while Partners Anders Hørlyck Jensen, Peter Østergaard Nielsen and Jakob Østervang left the firm’s project development practice.

Deal highlights: 33^rd edition (2023/2024)

Cityringen $3.5 billion acquisition of Nordhavn and Sydhavn

Energinet $2.45 billion public procurement of Danish power grid/energy infastructure

Client feedback: 33^rd edition (2023/2024)

Bank lending 

“Very competent lawyers with solid knowledge on local as well as international legal aspects.”

Capital markets         

“Service-minded and knowledgeable. Fast replies.”

“Bech Bruun understands our business and provides practical advice on how to deal with complex matters. They are always fast to respond, which is key when dealing with capital markets.”

Insolvency     

“They are down to earth, communicate easily and understandably, and are also aware of next steps and make sure that I as a client understand the scenarios and consequences thereof. They are very pragmatic, which is fantastic.”

“They are extremely professional and carry out the assignments quickly and accurately.”

“Legal competence and commercial understanding.”

Investment funds     

“Deep insight. Proactive. Clear communication.”

M&A   

“Knowledgeable, flexible, accommodating, business-minded.”

“Easygoing, extremely professional and with deep market and legal knowledge.”

“Ownership and project management on the full project, not only the legal part.”

“Bech-Bruun managed to stay focused and provide great legal advice over the course of the entire transaction period and they showed a high level of flexibility and commitment throughout the process. They took control of the various legal work streams and assisted the client with the legal challenges and decisions required to be handled and/or taken. During the transaction process, Bech-Bruun proved to be a leading M&A law firm not only in Denmark but also internationally.”

Project finance          

“They are kind, professional, responsive, knowledgeable and solution-orientated.”

Claus Aagaard Nielsen         

“Extremely easygoing, a pleasure to work with. Practical focus, team worker, deep knowledge and business understanding - a real deal-maker.”

Mikkel Anker Heegaard        

"Mikkel was on top of the matter and showed an excellent ability to manage the M&A process, including the due diligence and transaction workstreams. The combination of his availability, attitude and legal skills makes him a very valuable support and part of the transaction."

Morten Bruun-Larsen

"Deep knowledge easy to work with, hard worker very organised, deep legal knowledge."

Adam Buck-Arentsen

"He carries out all tasks quickly and correctly."

Anders Gløde

“He is very pragmatic with in-depth knowledge about his field. You feel very safe with him on your side.”

Morten Krogsgaard  

"Morten is extremely intelligent and knowledgeable. He has great problem-solving skills.”

Simon Milthers         

Simon was very devoted to the matter, trustworthy and showed a high level of expertise within the field. He managed to efficiently lead the negotiations with the sell side and reduce complexity whilst keeping focus on the important matters for the client. With a high level of legal skills and a business-orientated approach, Simon emphasised his position as a leading M&A lawyer.”

David Moalem

“David holds very detailed knowledge on securities law and is able to enter into both technical and difficult discussions, still transforming the advice into actionable and practical advice. He has a great personality – he is interested in other people, shows empathy and shares personal views and experience. I am very happy to work with David and I consider him a top adviser.”

“Deep insight. Solid and robust legal advice. Clear recommendation.”

Søren Nørbæk           

“Accessible, smart, business understanding, fast.”

Steen Rode    

“Accessible always. Quick response or delegation. Good negotiation skills and generally a likeable person creating a good negotiation environment.”

Thomas Thordal Sevelsted  

“Thomas is very client-minded and always strives to deliver on tight deadlines with high-quality output. Furthermore, Thomas is a good communicator and understands communicating complex content to non-legal educated people as well.”       

“Very knowledgeable about capital markets and bonds.”

“Thomas is highly knowledgeable, approachable and has great commercial insights. He is very involved and responsive.”

Troels Tuxen 

“He is an experienced lawyer and is able to quickly understand new issues and give advice.”

Søren Volder

“Highly competent in insolvency law and practices. Trustworthy. Informal. Result-orientated. Commercial approach.”

Founded in 2005, the international law firm DLA Piper has offices in more than 40 countries. In Denmark the firm operates out of its Copenhagen and Aarhus offices.

Focusses / specialisms

The banking and finance team is well regarded for its strong real estate, acquisition and structured finance offerings. In this space the firm often acts for pension fund investors and consortiums.

The capital markets team is experienced on the sell and buy side of debt, securitisation and equity deals.

In M&A the firm is strengthened by its global footprint and often works on cross-border transactions. The firm handles a large volume of mid-market deals and stands out for its work within private equity.

The projects team is equally competent in supporting social infrastructure and transportation projects as it is projects within the energy and mining sphere.

The restructuring and insolvency team handles a wide range of matters including bankruptcies, restructuring and liquidations. It works with many of the important Danish banks and institutions.

Key clients

Notable clients include AP Møller Maersk, Abry Partners, Bactiquant, Danske Bank, DSV, Pension Danmark, Merlin Entertainments, Initiator Pharma, Carlsberg Group, Citibank, Landesbank Hessen-Thüringen Girozentrale (Helaba), Lundbeck Foundation, HSBC, Nordic Eye, Nutreco International, Ørsted, PKA, Re-Match Holding, Viabill, TriplePoint Capital and Bank of New York Mellon.

Research period review: 33rd edition (2023/2024)

DLA Piper’s banking and finance team was active in the securitisation space, having acted on behalf of both issuers and investors in a plethora of domestic and international transactions. The firm was also visible in project finance, acquisition finance and asset finance.

In equity capital markets, the firm advised on several IPO transactions, often for the issuer, including the Re-Match Holding Nasdaq IPO.

In regulatory work the firm was actively involved in providing advice to its core regulated financial institution client base.

In M&A the firm is noted for its involvement in several internationally recognised deals, as well as large deals for key players in the local banking and financial services market. The firm’s M&A team continued to be visible in private equity, assisting key private equity firms in the Danish and Nordic market.

In project development the firm demonstrated high capabilities in supporting all aspects of large projects in energy and infrastructure in Denmark.

The firm completed a high volume of deals in restructuring and insolvency, assisting both businesses and financial institutions.

Deal highlights: 33rd edition (2023/2024)

Activum €250 million acquisition financing

Bactiquant Nasdaq IPO

Global TIP Holdings Two €1.6 billion securitisation

Lundbeck Foundation acquisition of a 25% share stake in Cresco Capital services

PKA €671 million strategic investment in Morrow batteries

Re-Match Holding Nasdaq IPO

Viabill $120 million securitisation

Client feedback: 33rd edition (2023/2024)

Insolvency
"DLAP is very knowledgeable in insurance law and insolvency law issues. They come up with new ideas as to how to approach an issue."

M&A

"The DLA team provides leading edge M&A transaction advisory, proactive and readily available with short notice. Lead partner has become our trusted adviser not only in the M&A deal but also when faced with other legal matters."

"Very customer-orientated, the process and documents very well structured."

PPP/PFI

"Solid local knowledge which they were able to translate efficiently to cross-border lender."

Private equity

"Very hands-on, always available. And for this particular assignment it is key that they have a presence in other relevant jurisdictions."

Project finance

"Very business and result-orientated."

"Good professionalism and fast."

Peter Hedegaard Knudsen

"Peter is very DLAP - he is very knowledgeable and understands the issues the client encounters. He has a great personality and is always positive."

Nicholas Lerche-Gredal

"Strong legal skills in general and in particular within M&A. Proactive, good energy, hands-on in assignment execution (you know you are in safe hands with Nicholas). On general client relationship, the strong point of Nicholas is that he is good at taking a holistic perspective on issues while not losing out on the details."

"Very good and wide legal know-how, excellent coordination with other advisers, very well structured."

John Svenson

"Focused on tackling problems at hand and always available. As a legal practitioner he is very skilled on a technical level as I have experienced on a very complex matter for us."

Stefan Westh Wiencken

"Hard-working, reliable, meets deadline – good at communicating and keeping client updated during engagement and assignment execution. Comes across as a very capable young man with a likeable personality. Does not hold back on taking work on his shoulders."

Established in 1868, the boutique Danish law firm Elverdam Law Firm operates out of an office in Copenhagen.

Focusses / specialisms

The firm is best known in the Danish legal market for its M&A work and its focus on assisting in-house legal counsel.

In the M&A space the firm’s primary focus is on international businesses operating in Denmark, as well as Danish businesses with an international profile.

The firm also does work for acquirers and targets on private acquisitions and strategic investment deals with strong focus on asset and real estate acquisitions.

The firm is active on transactions within the technology, banking, real estate and production sectors.

Research period review: 32nd edition (2022/2023)

During the research cycle the firm was active in the M&A space.

The firm's involvement was typically on the buy side with high volume of asset and real estate acquisition deals.

Client feedback: 32nd edition (2022/2023)

Banking and finance

"They hand-hold the project and are much more attentive to details than the larger corporate law firms that were involved in the transaction. Furthermore, they always have a pragmatic approach to ensure legal doesn't get in the way of business. "

"Very proactive, good at bringing the right competencies to the table."

M&A

"Always prepared and more inside things than the other party."

"Jakob Jull has a great commercial approach, negotiation skills and an exceptional ability to achieve results for his clients."

Jakob Juul Christensen

"His commercial approach, negotiation skills and exceptional ability to achieve results for his clients."

"Pragmatic, solution-oriented, attentive to details."

"Solution-oriented lawyer – pragmatic – responsive."

Danish law firm Gorrissen Federspiel has a history that goes back to the late 1800s. The firm has offices in the cities of Aarhus and Copenhagen.

Focusses / specialisms

The firm boasts strong transactional practices in banking, M&A, capital markets and restructuring, with the firm generally maintaining a good share of the market’s significant deals in these areas.

Its banking and finance team was broadly active in financing work, including leveraged financings, asset back-financings, general corporate financings and project related financings. Alongside transactional work, the firm is known for its regulatory practice which focuses on advising credit institutions, insurance companies and asset managers.

The equity capital markets team boasts strong transactional capabilities, often advising on the largest Danish IPOs and stock exchange listings. Every year the team also advises on numerous private placements and rights issues. The firm is similarly strong in debt capital markets, where it advises most Danish issuers with EMTN or other international debt programme. The debt capital markets team is also recognised for its work in the high yield bond space.

In M&A the firm maintains a stronghold in the Danish market by conducting market-leading work by value of transactions. It advises Danish and multinational companies and private equity funds on acquisitions, mergers, disposals, corporate restructurings, management buyouts and compliance.

The restructuring and insolvency team is recognised for administrating the largest restructuring and bankruptcy matters in Denmark. Closely aligned with the firm’s banking and finance group, the team maintains strong relationships with major creditor financial institutions and the Danish Government.

Key clients

Danske Bank, Danmarks Nationalbank, Intact Financial Corporation, Maersk Drilling, Bain Capital, Carlsberg, KommuneKredit, Realkredit, FSN, EQT, Vækstfonden, Vestjysk Bank, TORM, Nordea Danmark, Vestas Wind Systems, the Danish Tax Authorities, Novo Nordisk, Chr. Hansen Holding are among the firm’s key clients,

Research period review: 33^rd edition (2023/2024)

During this research cycle, the firm's banking team actively engaged in several significant acquisition financings, serving numerous corporate and banking clients. Their involvement in these prominent transactions demonstrated their expertise in providing strategic and effective banking solutions to meet the financing needs of their clients in the M&A space.

In the equity capital markets, the firm assumed a major role in guiding companies through their initial public offerings (IPOs). Additionally, they actively participated in several significant rights issues and private placements, typically representing the issuers. In the debt markets, the firm's debt team also handled substantial workloads, advising on bond/note issuances and program updates, predominantly representing issuers in these transactions. Their extensive involvement in both equity and debt markets reflected their proficiency in providing comprehensive capital markets solutions to their clients.

In the field of M&A, the firm's expertise extended to working with private equity firms and corporates on intricate transactions, frequently involving cross-border elements. The firm's ability to successfully navigate and provide counsel on such transactions further solidified their leading position in the M&A market.

The restructuring and insolvency team actively handled a range of complex bankruptcies in Denmark, including GameStop. Their involvement in these high-profile bankruptcies showcased the firm's proficiency in managing intricate insolvency matters and reaffirmed their position as a leading player in this domain.

Partner Thomas Maaberg Hansen joined the banking team of the firm during the research cycle.

Deal highlights: 33rd edition (2023/2024)

Hansen Holding $25 billion merger with Novozymes

Novo Nordisk $10.6 billion EMTN program update

Vestas Wind Systems A/s $3.1 billion EMTN program update

Danish law firm Horten was founded in 1953. It has offices in Copenhagen, Aarhus and Herning.

Focusses / specialisms

The firm is best known for its work in project development, but it has a credible financial and corporate offering across the board.

In banking the firm is strong across a range of financing transactions, as it offers specialist expertise to borrowers and lenders.

In capital markets work the firm is experienced within the debt and equity markets in Denmark and abroad. The team acts for issuers, banks and investors and advises mainly on listings, de-listings, issuances and corporate governance.

In M&A the firm is especially visible in private equity and venture capital.

Within project development the firm advises a significant number of players in the Danish North Sea, as well as the state-owned entities. The firm also advises Danish utilities, local governments and publicly owned ports, and has increasingly been active in the renewable energy sector.

The firm is also known for its work on high number of restructuring and insolvency cases each year. It is particularly strong in the retail and production sectors in Denmark.

Key clients

Key clients include Spirit Energy, LHI Group, NGF Nature Energy, E.on, Energinet, HOFOR, Carlsberg Byen, Bayerische Landesbank, Waterland Private Equity, Barclays Bank, Capital One, Alcentra, Polaris Equity, Adelis Private Equity, Maj Invest, G4S, Nets, JOOL Corporate Finance, Intertrust, BNP Paribas and 5th Planet Games.

Research period review: 33^rd edition (2023/2024)

Horten's banking team showcased exceptional advisory capabilities, serving a wide spectrum of Danish corporate and financial clients. Their active involvement in acquisition financing, real estate financing, and project financing demonstrates their proficiency in assisting notable clients in these domains.

During the research cycle, the firm actively participated in capital markets activities, including programme updates and secondary offerings, representing both targets and issuers.

The M&A team at the firm solidified its position as a leading advisor to prominent clients in the private equity and venture capital sectors. Their expertise covered various crucial industries in Denmark, notably technology, professional consultancy, retail, and energy.

The firm's projects team exhibited strong capabilities in supporting both private and public sector clients in energy and infrastructure projects. A notable example of their expertise is their legal counsel provided to Energinet in the development of Two Energy Islands, showcasing their proficiency in the field.

Helle Muff Højbjerg Henriksen joined the firm in January 2022 as counsel for their banking and finance practice.

Deal highlights: 33rd edition (2023/2024)

TDC Group $3 billion refinancing

Client feedback: 33rd edition (2023/2024)

Banking and finance

“Quick response times. Qualified feedback on various topics. Good at finding acceptable compromises when needed.”

Insolvency     

“Friendly.”

“Horten is a recognised and respected law firm in Denmark. They are particularly large within insolvency and reconstruction. They provide high-quality legal advice with very satisfied clients.”

M&A   

“Very responsive, good pricing, excellent quality, commercial advice.”

“Professional. Responsive (was available during Christmas to support closing after approval from the Danish authority obtained). Business-orientated.

Lise Lotte Hjerrild     

“Very responsive, good commercial advice, very pleasant collaboration.”

Lars Lüneborg          

“Competent, deep knowledge within international debt agreements. Great problem-solver.”

Piya Mukherjee         

“Very friendly, good at listening and understanding legal aspects.”

Frans Rossen

“Professional and responsive.”

Nicolai Thornemann 

“Nicolai Thornemann is a fantastically skilled lawyer who can cover many legal areas. He is specialised within insolvency and restructuring, where he is recognised as a very skilled insolvency lawyer. Nicolai is well liked by customers and has empathy for others. Nicolai has a good business understanding which provides unique legal advice that all his clients benefit from.”

Established in April 2020, Kleist Legal is a highly specialised boutique law firm focusing on regulatory matters, projects and disputes.

Focusses / specialisms

Among the financial and corporate practice areas the firm is particularly adept in the projects space. It has extensive experience and knowledge of the energy and life sciences sector.

Key clients

Key clients include Danske Olieberedskabslagre – FDO, Hovedstadsregionens og Midt-Nords, Evida, Frederiksberg Fjernvarme and European Energy.

Research period review: 32nd edition (2022/2023)

The firm had an active year in the projects space, with advice provided in both project support and transactional matters to energy and oil and gas industries. Examples of the team’s work during the research cycle include assisting on the transfer of Shell’s business in Fredericia to Postlane Partners and transfer of Equinor refinery in Kalundborg.

Deal highlights: 32nd edition (2022/2023)

Innargi geothermal project

Klesch acquisition of Equinor refinery in Kalundborg

Postlane Partners acquisition of a Shell refinery in Fredericia, Denmark

Client feedback: 32nd edition (2022/2023)

Financial services regulatory

"Highly skilled and broad knowledge of the subject."

Nicolaj Kleist

"Supreme knowledge of the subjects."

Danish law firm Kromann Reumert was established in 2000. It has offices in Copenhagen, Aarhus and London.

Focusses / specialisms

The firm has a consistently strong offering across all financial and corporate categories.

In banking the firm has a strong acquisition finance practice, which advises clients as they look to borrow, lend and secure funds to merge. The firm is also active in advising lenders and borrowers across a range of financing types.

In capital markets the firm regularly conducts transactions in the debt, equity and structured finance domains. The firm represents on a regular basis leading Nordic and international financial institutions and investment banks, as well as many Nasdaq Copenhagen C25 listed companies.

The M&A team regularly advises on large- size mandates across several of Denmark’s leading sectors. The team also works on small and mid- size deals.

The project development team advises across a wide range of industries and sectors, with strong capabilities to support projects in Denmark and overseas.

In restructuring and insolvency, the firm is regularly involved in the most notable matters in Denmark. It advises the leading Danish banks, as well as foreign banks, private equity firms, investment and hedge funds and creditors.

Key clients

Key clients include Nordea, Danske Bank, Nykredit Bank, Ørsted, Carlsberg, DLR Kredit, TryghedsGruppen, Novo Nordisk, Bavarian Nordic, NKT, Capital Four, FLSmidth, Danica, Altor, EQT, Via Equity, Apple, Bergen, Altor, Procuritas, Scandinavian Tobacco, Norlys, Pleje- og Seniorbolig, Industriens Pension and NRE Denmark.

Research period review: 33^rd edition (2023/2024)

During the research cycle, the firm was actively involved in significant acquisition financings, including multiple cross-border deals, showcasing their expertise in the banking sector. The firm visibility extended to fund financing, refinancing, real estate financing, and project and asset financing work, highlighting their diverse capabilities in the financial domain.

Kormann Reumert played an active role in equity capital markets, handling several notable IPOs, rights issues, and private placements. In debt capital markets, their focus was on advising on green bond and hybrid securities issuances. The firm's expertise in structured finance was exemplified by their advisory role for Capital Four on a CLO issuance.

In the field of M&A, the firm was extensively involved in several of the market's most significant private and public acquisitions, representing both buyers and sellers in these high-profile transactions.

Kromann Reumert demonstrated strong activity in project development, particularly in the real estate sector. Additionally, they served as advisors on numerous green field projects within the Danish energy sector and engaged in early development projects both in Denmark and abroad.

Throughout the research cycle, the firm's restructuring and insolvency team handled highly complex mandates involving both in-court and out-court restructuring and insolvency proceedings. The firm played a key role as trustee and administrator in some of these deals, showcasing their expertise in managing intricate and challenging cases. s.

During the research period, Partner Helle Wehl joined the M&A team.

Deal highlights: 33^rd edition (2023/2024)

Nature Energy Biogas $2 billion acquisition by Shell Patroleum

Ørsted $7billion EMTN Programme

Ørsted €1.3 billion Green Bond issuance

Coloplast €2.2 billion senior debt financing

Client feedback: 33rd edition (2023/2024)

Bank lending 

"Kromann Reumert has some very skilled lawyers and partners that we appreciate working with. They are also good at being proactive and inviting for market updates etc."  

"Leading the process in a very good way for us but also the lender's counsel. Also very much to the point and clear advice. Basically no errors in any regard which is unusual, ie very high quality."

"We consider Kromann Reumert as a full-service, top-tier law firm, where we can trust to receive the best possible legal assistance available. Their ability to work and coordinate across their own specialised functions/teams allows us to save time."

Banking and finance

"Very pragmatic and solution-orientated, do not try to create more work for themselves, always deliver timely and within scope/quote, a lot of partner attention, really know their stuff."

"Consistent, high quality, commercial."

"Strong understanding of banking market and on where to push back."

"Friendly, accessible, solution-orientated, professional, reasonable fees."

"They fulfil the role as critical independent advisers with deep expertise in the field of financing."

"They act in a very professional manner, are highly skilled and have a good commercial understanding."

"Excellent legal skills and keen to assist their clients."

"A very commercial and quick approach."

Capital markets         

"KR acted as adviser on the financing part. Establishing a bridge loan with the banks followed by an ABB. KR are always very flexible, easy to work with, know the company and our preferences, very unbureaucratic.

"Kromann Reumert are second to none in Denmark when it comes to legal M&A expertise, business understanding and applying their legal expertise to the benefit of the clients."

"Structure, know-how, experience, market insight, including relations to vital market players."

"Very professional and competent. Quality of work is top notch. Always well prepared and easy to deal with."

"Solid expertise, fast and available."

Financial services regulatory          

"KR understand our business and our needs. KR has a commercial attitude to solving problems. KR can be trusted."

"Kromann Reumert is easy to communicate with and they understand our business."

"Easy to work with and fast response."

Leveraged finance    

"Experienced, problem-solving and solution-minded."

"Clear product expertise. Commercial approach to solving jurisdictional issues in a creative structure."

"Strong local knowledge. Pulls in relevant expertise when needed. Always available."

M&A   

"Always one step ahead when doing transactions. Understands the need to have a balanced commercial mindset.            

"Kromann Reumert are second to none in Denmark when it comes to legal M&A expertise, business understanding and applying their legal expertise to the benefit of the clients.

"Proactively advisory – both from a legally and commercial perspective. Good process. Strong team. Important commercial advice.

"Efficient and professional advice, high accessibility and flexibility, good business acumen.

Business knowledge.

"Kromann is in my opinion the leading law firm in the Danish market. Every single partner and attorney provide high-quality legal and commercial advice and are always very pragmatic, pleasant and flexible.

"1. Commitment. 2. Legal insight and solution orientation. 3. Fast response. 4. Great outcome."

"During the transaction Kromann Reumert showed a great level of dedication and were always swift in allocating the necessary recourses to ensure progress. During a complex transaction, we valued having a legal counsel that could manage to keep the deal on track and at the same time ensure that our day-to-day business was 'disturbed' as little as possible. The team demonstrated strong capabilities in negotiating favourable terms and did it in a balanced way, securing a respectful yet a focused 'negotiation atmosphere' between buyer and seller.

"They are very responsive, high level of quality in their advice – nice people to work with.

"Extensive understanding of local laws. Understanding of how software companies work and the way our revenue models work. Constructive and a good team member who are able to work constructively with the seller's law firms.

"They know what they are doing. Very professional. Share insights."

"The core team knows our business and pain points very well. They are very responsive and knowledgeable."

"Listening to both sides, provide balanced proposals and good in closing agreements."

"Very deep bench with some of the very best lawyers in the country. Able to address the full situation in-house using top talent."

"Leading M&A firm in DK."

"Easy to work with. Very flexible. Find good solutions."

"KR was in general on top of everything during the process, including among other things the M&A process as such, the more commercial negotiations with the vendor, TSA negotiations and the understanding of the regulatory framework within which the acquisition was taking place. The team was at all times dedicated to the process and seemed very engaged throughout the process.

"Solution-orientated, great knowledge about market drivers, and fantastic drafting skills."

"They know our business. Very high competence level. High accessibility. Trusted adviser."

"Extremely business-minded with a great eye for all aspects of a transaction. Very attentive and available team."

"Professional, committed and competent."

"Legal expertise, industry insight and commercial understanding."

"Very professional – good negotiators – commercial way of doing legal work."

"Highly qualified, business acumen, agile and approachable."

Private equity

"They are in general very responsive and provide qualified and skilled advice and services."

Project development

"Kromann Reumert are second to none in Denmark when it comes to legal M&A expertise, business understanding and applying their legal expertise to the benefit of the clients.

"Very professional and successful."

"Always competent and professional advice."

"Very proactive and professional. Has a deep understanding of the industry and I have an extremely high level of trust in the advice they provide. Their relationship is professional and personal – and they are very good at providing advice that is tailored to our specific situation and setting.

"Their great way of providing not just legal advice but also key strategic advice. They really understood our needs as a firm and translated that well into the legal work and became a valued strategic sparring partner also. They were great project managers on the legal side as well and took care of us as a smaller client and helped us get through the whole process from preparing DD to closing finalisations.

"Proactive advice from our lead adviser/lawyer (partner at Kromann Reumert) who is close to our company. Furthermore, involvement of relevant and professional and skilled specialists.

"In-depth knowledge of the rules and good judgement on how to manage the issue. Quick and to-the-point advice."

Project finance          

"KR has delivered a very high quality of work while also providing a very smooth and timely process."

Restructuring

"Good business insight."

"Professionalism in all aspects."

"Good business insight."

Hashim Ali Iqbal        

"A can-do attitude and great to work with!”

Søren Andreasen      

“Skilled within his field of expertise, real estate.”

Jakob Bernhoft         

Jakob is very nice to work with and is a pleasant person.

Very solution-orientated and skilled, great focus on important stuff.

Jakob has extensive knowledge in his field. He has a great understanding about the commercial reality of our work. Furthermore, he is very good at keeping the negotiations to the point, avoiding unnecessary conflict. Jakob has a great personality and is easy to work with.

Jacob is an excellent financial lawyer with a deep knowledge of banking and lending.

Very easy to work with, thinks of alternative solutions and very commercial approach.

Erik Bertelsen

“An expert on dispute resolution who can easily connect with new topics and legal areas.”

Jens Blomgren-Hansen       

“Jens is very proactive and solutions-orientated and is ALWAYS available and responds to emails at all hours of the day.”

Jeanne Bønsdorff     

“Responsive, good understanding of our business, works constructively with the seller and finds solutions.”

Christina Bruun Geertsen    

"Very nice person, easy to work with, always finds smooth solutions, unbureaucratic."

"Very knowledgeable and solution-orientated; always available."

"1. Commitment 2. Legal insight 3. Solution orientation 4. Always meets deadline 5. Keeps a high spirit and calmness even in peak situations."

"Always very responsive and fast in delivering feedback."

"Christina is extremely knowledgeable and with a great commercial mindset. Her pragmatic style and approach is very valuable as it tends to create a very constructive relationship with counterparties and with the best possible outcome for you as a client that also has a commercial interest to protect.

"Highly competent and knowledgeable. Always easy and pleasant to work with. Top-quality work and advice."

"Easy to work with. Finds good solutions."

Jeppe Buskov

"Jeppe is both deeply involved in the details of our transactions and at the same time has the overview of all workstreams. He is a good negotiator and has a commercial mindset pushing where it provides value and leaving pure lawyer discussions on the side.

"Jeppe is extremely knowledgeable and great at putting his legal capabilities into a business context. He's a fast thinker and very attentive to his client and drives deal progress."

"Highly skilled, devil in the detail, well-connected, approachable and manages a risk-based approach to perfection."

Peter Buskov

"Very responsive, practical, clever, very good overview, solid work processes even when many buyers are being handled at the same time."

Christina Bruun Geertsen    

"Always available, experienced, constructive way of working, finds solutions."

Teis Gullitz-Wormslev          

"Friendly, accessible, skilled."

Flemming H Andersen          

“Deep understanding of the real estate market.”

Andreas Hallas          

"Professional working relationship with an active dialogue. High level of responsiveness."

Maria Holst Levin      

"Good understanding of our business and relevant legal topics, high accessibility and efficient communication."

"Good at listening, proposes balanced solutions and closes the deals."          

“Subject-matter expert. excellent balance of the theoretical/technical and the practical.”         

“Legal expertise and industry insights.”

Jan Hvarre     

"Extremely professional. Very likeable. You can count 100% on his work."

Thomas Kaas

"Clear product expertise. Extremely commercial. Doesn't miss a detail. Very responsive."

Christian Lundgren  

"When it comes to capital markets lawyers in DK, Christian Lundgren is second-to-none, both in terms of legal expertise and relevant, to-the-point advice."

"Christian knows us very well and is able to offer very on-point advice every time."

"Able to find innovative solutions that most lawyers cannot and which are aligned with the commercial intent of the deal."

"Highly skilled. Trust. Good humour. Accessible."

Christian Jul Madsen

"Good business insight."

Jacob  Møller 

“All his attributes are positive.”

“Very competent and well known to our company and business areas.”

Christian Paarsgaard Ibsen

“Christian has a strong winners mentality and he will not settle for 9 out of 10 if he can win 10 out of 10. As a leader he delegates and empowers his team members to own their own areas of responsibility. He is good at providing clarity and to ensure progress. If you have Christian on your team you’re in good hands.”

"Competent, reliable, effective."          

“Knows what he is doing. Professional in M&A. Knows the game.”

"Commercial understanding. Personality."

"Very high knowledge about our business. Always delivers high-quality work."

"Professional, attentive, personal in his advice and services, extremely pleasant in his approach to people, great understanding of our business. Always deliver on time and to very high quality.

"Christian displays a great amount of client understanding and really combines the role as a legal adviser with being a strategic partner as well. Christian has a winning mentality which shines through in the process. Christian has a great combination of pragmatism and solution-orientation but you are always sure that things are done in the right way, and that creates value and speed in the process and work with KR.”

"Easy to work with. Swift and to the point."

"He knows our company, he does his part to ensure a very positive relationship, he is available, he always comes back with answers, he is professionally strong and he has the relevant market knowledge.”

"Very responsive – highly qualified – creative approach."

"Professional."

"Good business insight."

Marianne Philip         

"Very skilled, having knowledge of our company, our industry and all the relevant market players, including major experience."

"She understands my need for doing things right, but in a pragmatic way."

"A very strong legal mind combined with excellent interpersonal skills."

Kim Rasmussen        

"In-depth knowledge of the financing industry."

"He provides good service and is easy to communicate with."

Mads Reinholdt Sørensen   

"He is our main contact and our primary legal adviser. Proactively advisory – both from a legally and commercial perspective. Good process. Strong team. Important commercial advice.”

"Very good Industry knowledge, solution-orientated, business understanding."

Peter Schiøler Skaaring        

"Takes the lead in the process, available, good legal advice, easy to work with."        

"Specialised in LMA (Loan Market Association) and related documentation to an extent rarely seen in the Danish market, great responsiveness and easy to work with.

"Responsive, solution-minded, quick."

"Very dedicated and professional. Relationship-driven. Focuses on the right things."

Søren  Skibsted        

"Very professional mindset concerning the client relationship. Highly skilled."

Anders Stubbe Arndal

“Best energy lawyer in DK.”

Jesper Hvitfeldt Juul

“Jesper is the next star in his field. A talent that shows a very strong ability to go the extra mile and perform at a high level 24 hours straight. He maintains an overview despite complexity and offers on-point recommendations when needed.”

Peter Ketelsen          

“1. Legal insight and outcome = results. 2. Easy to work with. 3. Sustainable solutions on legal challenges.”

“Very responsive, very clever, solid sector overview, creative, clear in communication.”

Jeppe Lefevre Olsen

"Very competent in the area of tender rules and contract management."

Peter Schiøler Skaaring        

"Peter Schiøler is a very talented financial lawyer with excellent skills within banking lending."

"Friendly, accessible, skilled, solution-orientated."

Kumaran Thavarajah

"Kumran is very knowledgeable and pleasant to work with."

Peter Schiøler Skaaring        

"Very pleasant to work with and knowledgeable."

Danish law firm Lundgrens was established in 1996. The firm operates out of Copenhagen.

Focusses / specialisms

Known for its M&A offering the firm also has a strong presence in banking, as well as restructuring and insolvency.

In banking the firm is recognised for its financing work. In recent times in the banking area the firm was active within the energy and real estate sectors, acting on a mix of acquisition financings, project financings and corporate loans.  

The M&A team acts for both buyers and sellers across sectors such as oil and gas, media and entertainment and TMT. The firm also does work for international and domestic private equity clients.

The firm specialises in all financing matters in insolvency and restructuring scenarios.

Key clients

Key clients include Danske Bank, Nordic Real Estate Partners (NREP), Spar Nord, Artha Investment Management, Scope Investment, +Plus Pension, Nordic Trustee & Agency, Blackbrook, Fleetcor, Findos Investor, Verdane Capital, Axcel, Impilo, Dixa, Lunar, Dansk Ejerkapital, BEWi, Vækstfonden and Logpoint.

Research period review: 33rd edition (2023/2024)

During the research cycle, the firm primarily concentrated its efforts on M&A (mergers and acquisitions) and restructuring and insolvency, showcasing its expertise and dedication in these domains.

The firm's M&A team demonstrated outstanding performance in the private equity sector, upholding its strong market position. They delivered expert advisory services in numerous significant deals, adeptly representing both sellers and acquirers in transformative transactions.

The firm significantly contributed to restructuring proceedings, assuming the role of a trustee in various complex cases, further showcasing its expertise and commitment in this crucial area of practice.

In addition, they hired two insolvency Partners, Pernille Bigaard and Louise Krarup Simonsen in April 2022.

Deal highlights: 33rd edition (2023/2024)

Møller Mærsk $5 billion share buy-back program

Novozymes and Chr. Hansen $12 billion merger

Client feedback: 33rd edition (2023/2024)

Insolvency     

"Pernille Bigaard is very skilled and has great experience in handling distressed cases."

M&A   

"They were extremely responsive, well organised, provided accurate and timely advice on the acquisition."

“Lundgren handles very complex negotiations perfectly and manages the significant difficulties we experience when buyer and seller are from two very different law systems.”

“Lundgrens is a top law firm, their work was very accurate and precise. They showed some pragmatism when needed, they were extremely reactive and always available when we needed them, even late in the evening and during the weekends. We appreciated their proactivity and the fact that they took the lead to make things move forward quickly despite the complexity of the matter and the great number of stakeholders.”

“Lundgrens were very engaged from the beginning of the process, readily available for questions, provided excellent advice and guidance and showed that they are very qualified and experienced in the area of M&A.”

“They provide comprehensive advice with a practical vision, always understanding the business and the most critical points."

Very engaged, always available, experienced and helpful."

Private equity

“Industry knowledge, knows the terms and how to land a deal."

Restructuring

“Lundgrens has handled the process in a professional manner and is handling the many different tasks perfectly."

"Highly skilled team in a mid-sized firm."

Stine Bernt Stryhn    

“Stine is very approachable, clearly wants to add value and to help in any way she can. She is available at almost any time of the day and willing to talk whenever, which was a huge help during a very stressful and emotional journey such as selling your company.”

“Very keen to help, very accessible, patient and knowledgeable.”

Pernille Bigaard        

“Pernille is 'still going strong' and has managed to gather a very skilled team of both young and experienced lawyers. She also still has the ability to be at the right place at the right time.”

Peter Bruun Nikolajsen        

“Peter offers a very high commitment to the client's case in combination with excellent communication and legal skills both within his field but also within related areas, where his ability to involve specialised colleagues seamlessly ensures a very high standard within all legal areas and a successful outcome in even the most complex M&A processes.”

“Peter is always available and solution-orientated. He is a very good negotiator and finds the best solution to protect his clients. He is proactive and has an active role in making the deals happen. We were lucky to have Peter, his role was fundamental in making our deal happen.”

“Peter is a very good communicator and negotiator. Always looking to find the best deal for the client and making innovative proposals to reach a good end. His fee control is also excellent, so that the client never has any surprises.”

Louise Krarup Simonsen     

“She has an excellent knowledge of the law and the restructuring process. She is able to keep track and manage several leads.”

Pia Lykke Mathiasen

“Listens intently and offers creative advice, isn't ruffled under pressure, positive attitude always.”

“Fast and efficient.”

Peter Mollerup        

“Peter Mollerup is an excellent all-round lawyer with a focus on commercial law. He has a focus on clients' needs and bases his advice and recommendations upon this in-depth knowledge and understanding.”

Peter Bruun Nikolajsen      

“Strong negotiator and high industry knowledge.”

Established in 2008, the Danish law firm Moalem Weitemeyer is based in Copenhagen.

Focusses / specialisms

The firm is known best for its work in the M&A area, with its work for private equity firms being at the core of the practice. The firm also has a strong presence in banking and finance, capital markets and restructuring and insolvency.

The firm’s banking and finance practice is best known for its acquisition and asset finance work. Other pillars for the practice are regulatory and debt offerings.

The capital markets team provides regulatory and transactional advice specialised in public to private deals and equity issues.

In M&A the firm regularly works on cross-border private and public transactions, representing a mix of corporate and private equity clients.

In the restructuring and insolvency space the firm is recognised for its work on bankruptcy cases for creditors such as Danske Bank and Nordea Bank.

Key clients

Key clients include Apax Partners, FSN Capital Partners, KPS Capital Partners, Chr. Augustinus Fabrikker, Nordic Capital, Röko, Axcel, Axcel Management, JOOL Capital Partners, DSV, Polaris and Pandora.

Research period review: 33rd edition (2023/2024)

In the realm of capital markets, the firm played a notable role in advising multiple listed companies across Europe, North America and Denmark. Their active involvement encompassed both equity and debt markets, providing expert guidance on a diverse range of projects, including corporate bond issues, equity offerings, and bond financing work.

During the research cycle, the firm's M&A practice demonstrated considerable strength, offering expert advice on both the buy and sell sides of numerous acquisition and financial investment deals, many of which had cross-border aspects. Their visible presence in this domain underscored their expertise in handling complex and international transactions.

Client feedback: 33rd edition (2023/2024)

Capital markets         

“They are very attentive, hard-working, solution-orientated and pleasant to work with.”

M&A   

“Very commercial and creative – always based on very sound legal judgement.”

“Very responsive and provides practical advice.”

Dan Moalem  

“Very commercial and pleasant to work with. Will go the extra mile.”

“Pro, innovative, fair, good sparring.”  

Kristoffer Lund Poulsen

"Available, knowledgeable, and honest when there is something he doesn't know."

Established in 1918, the Danish law firm Plesner is based in Copenhagen.

Focusses / specialisms

The firm is one of Denmark’s leading law firms and is known for its strength across the board.

The firm’s banking team often advises on several of the market’s largest acquisition financings, project financings and refinancing mandates for both borrowers and lenders.

In the capital markets space, on the debt side, the firm regularly advises on bond issues. On the equity side the team often assists clients with the listing of new shares and on IPOs.

The M&A team advises acquirers and sellers on several of the jurisdiction’s largest acquisitions, mergers and joint ventures.

In project development the firm has a reputation for supporting large construction projects. The firm is also highly active in the Danish oil and gas sector.

The restructuring team regularly works on a number of high-profile financial restructurings and insolvencies.

Key clients

Key clients include Danske Bank, TDC, Nordea, BNP Paribas, Svenska Handelsbanken, EQT, LEO Pharma, EKF, Netcompany Group, Danish Ministry of Finance, Zealand Pharma Morgan Stanley, Carnegie Investment Bank, Tryg, Advent International, FSN Capital, Nordic Capital, Tryg, Noble, Total, RWE, Gaz-Systems and Hess.

Research period review: 33rd edition (2023/2024)

During the research cycle, the firm's banking team actively participated in several prominent acquisition financings and cross-border transactions with Danish targets, establishing themselves as a leading advisor in this space. Additionally, the team earned a reputation as a preferred advisor in the market's most significant financing matters, particularly in relation to sustainable finance solutions and green energy projects. Their expertise in guiding clients towards environmentally conscious financial solutions was noteworthy during this period.

The firm's equity capital markets team was particularly active in secondary share offerings, with a strong focus on working on numerous rights issues and private placements. They also demonstrated their expertise in initial public offerings (IPOs) and listings. In the debt capital markets, the team played a significant role in assisting on various notable bond issuances, including green bonds, investment-grade bonds, and convertible and hybrid securities, primarily representing issuers in these transactions.

The M&A team displayed exceptional competence by handling intricate private and public acquisition deals in the Danish market.

In the field of projects, the team consistently provided robust support to a wide range of stakeholders, including developers, contractors, and investors, working on significant infrastructure and construction projects. Their dedication and expertise made them a reliable partner for clients involved in these large-scale ventures.

In restructuring and insolvency matters, the team took on a substantial number of cases, primarily representing major Danish and international banks, insurance companies, and investors on the creditor side. Their extensive experience and representation of significant financial institutions demonstrated their proficiency in handling complex situations in this domain.

The firm saw six new hires in their banking practice. Jakob Echwald Sevel and Henrik Kure as partners as of October 2022 from Poul Schmith. Emil Hedegaard Mikkelsen as director in January 2023, transferring from The European Investment Bank.

Deal highlights: 33rd edition (2023/2024)

Novozymes $2 billion merger financing

Copenhagen Airports $1.45 billion financing

Bayerische Landesbank $1.05 billion loan financing

Client feedback: 33^rd edition (2023/2024)

Bank lending 

“Organised and structured, very fast, and our preferred law firm in Denmark.”

Banking and finance

“They have been very service-minded and easy to deal with. Very constructive in their approach.”

“Solution-orientated, pragmatic, not overcomplicating, available.”

Capital markets         

“Plesner were amazing to work with. This was one of the most complex transactions I have worked on, having worked on many complex cross-border deals, and the Plesner team always delivered, were great to work with and together we found innovative solutions to what might otherwise have been intractable problems.”

“Technically first rate, efficient, great market knowledge and work collaboratively.”

“Extremely fast and competent. Counselling that never stops over business.”

Insolvency     

“Professional, fast, attention to client's needs.”

“Experts in cross-border insolvency cases. Plesner is practical and commercial in its approach.”

“Knowledgeable in insolvency matters, practical and commercial in their approach.”

Investment funds     

“High professional standards, fairness and attention to client's needs.”

M&A   

“Reliable and pragmatic; strong market knowledge; extremely pleasant lawyers.”

“Excellent strategic insight and negotiation skills. High-quality work.”

“One of the clear market leaders in Denmark, very responsive and commercial, tough (but fair) and effective negotiators.”

“Very strong team with a broad bench; deliver quality advice in a timely manner; solutions rather than problem-orientated.”

“Very professional on M&A advisory.”

“Extremely responsive and technically proficient.”

Project development

“They were responsive, involved, knowledgeable and had good process management skills.”

“Excellent commercial understanding.”

Brian Bundgaard    

“A true star and dealmaker, very knowledgeable and an absolute pleasure to work with.”

Niklas Christensen  

“Excellent understanding of commercial aspects, and participating in negotiations.”

Emil Deleuran        

“High professional standards and integrity. Accessible. Attention to creating value for us as clients.”

Jacob Falsner          

“Jacob is very likeable and gives a very good first impression. He is focused on finding a solution that works for you as a client – it does not have to be big, complicated and elaborate – it just has to work in accordance with your needs as a client. I really like that.”

Thomas Holst Laursen         

“He is sharp and analytical – but with a sound pragmatic approach.”

“Very strong overall, very commercial, to the point, tells it like it is and does not hold back in negotiations.”

“Very pleasant and knowledgeable. Probably the best lawyer of his generation.”

Esben Kjaer  

“Very involved despite being relatively senior.”

Thomas Laursen       

“Bright, engaging, commercially aware and always professional and collegiate in manner.”

Henrik Laursen         

“X-ray-like understanding of the regulation and dynamics of listed companies and stock exchange constraints and possibilities.”

“Extremely responsive, technically proficient and hard-working.”

Jacob Nygaard         

“He fully understands our needs and is hands-on. He provides legal advice and is best in class.”

Nicolai Orsted

“Fantastic all-rounder, solutions-orientated, great client service and client relationship skills, Nicolai is first class.

Michala Roepstorff

“Deep knowledge of the area, experience, good at communication.”

“Michala Roepstorff, Plesner always has a very positive – hands-on – attitude with regard to problem solutions and she is extremely knowledgeable within the area of insolvency law. As such, you know that you can always rely 100 % on her advice. A tier-one lawyer within her field.”

“Extremely knowledgeable and pleasant to work with.”

“Michala is very knowledgeable in insolvency matters, identifies solutions, is approachable yet firm. Very commercial and quick to respond/address points of concern.”

“Ability to spot and subsequently come up with a problem and solution.”

Jakob Skafte-Pedersen       

“Very good M&A advisory and proactive negotiation skills.”

Henrik Laursen         

“Great to work with, led the most complex capital markets transaction in Denmark and made it look smooth and easy, he was essential to the deal.”

Founded in 1936, the Danish law firm Poul Schmith has offices in Copenhagen and Aarhus.

Focusses / specialisms

Recognised as the preferred legal adviser to the Danish government, the firm expanded its client base to encompass a range of private sector clients.

The firm’s banking team often assists banks and state bodies on loans for acquisitions and projects.

Its capital markets team has a strong foothold in the Danish debt market with a particular strength in the financial and energy sector.

In M&A the firm has grown its presence in recent years with several lateral hires. It consistently advises on complex and cross-border transactions, in addition to its broad-based corporate advice to clients.

In the projects domain, the firm is especially strong in construction and infrastructure, representing all relevant actors in the sector.

The firm has a strong position in the Danish restructuring and insolvency space and consistently works on the market’s largest and most complex matters. Besides being frequently called upon to advise the Danish government, the firm has been increasingly active in representing large banking, education and insurance clients on bankruptcies.

Key clients

Key clients include The Danish Tax Authorities, The Commissioners for HMRC, The Travel Guarantee Fund, Vækstfonden (The Danish Growth Fund), The Danish Green Investment Fund, Danske Bank, PenSam, Waterland, A.P. Møller Capital, Jyske Bank, Femern Bælt, Delfin Holding, Artha Holding, Femern Bælt, Sydbank, Nordea, Nutreco International, NTG and The Danish Energy Agency.

Research period review: 32nd edition (2022/2023)

In the banking sector, the firm played an active role in offering advisory services to both borrowers and lenders in various significant transactions, including acquisition financing, fund financing, project financing, and refinancing deals. Their involvement showcased their expertise in handling diverse and noteworthy banking matters. In addition to its other activities, the firm also extended its advisory services to corporate and institutional clients, offering guidance on a select number of bond issuances. This demonstrated their versatility in catering to the needs of a diverse clientele, including those seeking capital market solutions through bond offerings.

In the realm of M&A, the firm played a crucial role by offering essential legal support to clients involved in acquisition transactions, representing both sellers and buyers. Their comprehensive assistance on both sides of the deals exemplified their proficiency in handling all aspects of the acquisition process.

In the domain of project development, the firm actively supported various initiatives in the infrastructure and energy sectors, with a particular focus on numerous large offshore wind farm projects. Their involvement in these projects highlighted their expertise in navigating complex and significant ventures within the infrastructure and energy domains.

The insolvency practice witnessed a significant surge in activity, advising on some of the most high-profile mandates in the market. Additionally, the firm worked on multiple other bankruptcy proceedings, further solidifying its presence in this crucial area of practice.

Partner Peter Neve joined the firm’s M&A practice in September 2022 from Dahl.

Deal highlights: 33rd edition (2023/2024)

Copenhagen Airports $1.4 billion financing

Denmark’s Export and Investment Fund $5.6 billion new investment fund

Bird & Bird is an international law firm headquartered in London. The firm’s presence in Denmark traces back to 2013 following a merger with technology law boutique BvHD.

Focusses / specialisms

The firm is highly active in the Danish M&A midmarket, where it advises companies at both domestic and international level. The firm possesses strong private equity and venture capital expertise with sectoral strengths in high tech and innovative sectors.

Key clients

The firm’s notable clients list features the likes of Sitecore, Hypefactors, Addtech Group, DXC Technology, Medable, Eficode, AIG, Pentia, Synlab, Liberty Global Transactions Solution, Priveq and Capgemini.

Bruun & Hjejle is a Danish law firm. The firm was formed in 1878 and operates from a Copenhagen office.

Focusses / specialisms

The firm has a broad coverage of the financial and corporate space.

It has a highly active banking practice which has significant knowledge in the institutional investor segment in Denmark, as well as expertise in asset and project finance mandates.

Maintaining a close collaboration with the firm’s M&A team, the capital markets practice is experienced in supporting debt and equity mandates. Its clientele features leading multinational financial institutions, private equity funds and corporate clients.

A key pillar of the firm’s work, the M&A practice advises on both public transactions and private equity-driven deals. It has a wide coverage of, and strength in, several sectors of the Danish economy and is often selected as an adviser on the most complex energy, infrastructure, investments and renewable energy mandates.

The firm is highly active and strong in both energy and infrastructure project support. It commands a high share of some of the impactful project work in Denmark.

Restructuring and insolvency is an area of increasing strength for the firm. The firm is often appointed as administrator of the Danish Debt Collection Agency.

Key clients

Key clients include Danske Bank, Nets, Moller Holding, Kirk Kapital, Treville, AIP Management, Better Collective, NREP, Nordea Bank, Nykredit Bank, Jyske Bank, Deutsche Bank, PKA, PenSam, Axcel, Nordic Capital, Goldman Sachs, JP Morgan, Morgan Stanley, Citi, HSBC, Copenhagen Metro Team (CMT), Carlsberg Byen, Pension Danmark, By & Havn, AIP Management, Molslinjen, PFA Pension, Webuild and Comsa-Munck.

Client feedback: 32^nd edition (2022/2023)

Financial services regulatory

“Strong knowledge of the Danish financial services industry as well as a very strong M&A team.”

M&A

“Deep understanding about M&A legal practices; pragmatic and hands-on solutions-oriented approach; flexible and responsive.”

Dahl is a large Danish law firm with offices located in Copenhagen, Aarhus, Esbjerg, Herning and Viborg.

Focusses / specialisms

In M&A the firm specialises in advising clients in respect to domestic and international acquisitions and sales. It also possesses specialised expertise in management buy-ins and buy-outs, as well as tasks related to such transactions.

The M&A team consistently represents buyers, sellers, private equity funds, venture capitalists and investors. It is one of the main players in the Danish mid-sector space, advising clients across a range of industries.

Key clients

Key clients include SP Group, JP Group, Samson Group, Airmaster, Sjørring Maskinfabrik, Rauff Group, Normal, Novicell, Etex Nordic and Visma Danmark Holding.

Client feedback: 32^nd edition (2022/2023)

M&A

“A very experienced team of M&A specialists ensured that the process always was in good hands and gave security to us as buyers that we were always negotiating from a fair and valid standpoint – and they knew where to put the foot down when needed.”

“Dahl had a really good attitude and understanding of our situation. Selling a privately owned business is a very personal and sometimes difficult task to perform.”

Elmann is an independent Danish corporate law firm based in Copenhagen. The firm has operated since 2012.

Focusses / specialisms

In capital markets, the firm specialises in IPO work predominantly on the issuer side.

Its M&A team has broad experience providing advice on all types of mergers and acquisitions to national and international clients within the private sector, high-net-worth individuals, as well as private equity and venture capital funds.

Insolvency is another key area of focus for the firm, with solid expertise possessed in appearing before the courts.

Key clients

Key clients include Penneo, Interflora Holdings, Vitral Holding, MobilePeople, Cloudfarms, Nordic Prime, Filmgear, IO Interactive, KMD, Lina Medical, Moesgaard Invest 2, Andersen Advisory Group, Configit, Wexer Holding, Harboe & Marker Partnership, Think! Digital Holding, N. Foss & Co, Duegaarden, Klostergaarden, Bangsbohus, Grøndalsvænge, Hostrup Have, Danish Growth Fund, Jyske Bank, Nykredit, Arbejdernes Landsbank and Norvegus Fonden within the matters of insolvency.

Client feedback: 32^nd edition (2022/2023)

Investment funds: Private equity funds

“They are extremely experienced within the legislation, regulations and legal advisory of M&A and funding.”

Private equity

“Deep professional competencies, nice people, work hard and fast.”

Magnusson is an international law firm with offices across the Nordic and Baltic regions including Sweden, Denmark, Finland, Estonia, Latvia, Lithuania and Russia.

Focusses / specialisms

The firm’s corporate/M&A practice in Denmark is best known for cross-border and in-bound investment deals, especially to and from China, UAE, Iran, US, UK and Germany, advising clients from a range of different sectors including technology, renewable energy and financial services.

Its banking and finance practice specialises in advising domestic and international banks, asset managers, regulated traders, insurers and corporate borrowers on bilateral and syndicated loans, refinancing and regulatory matters.

Key clients

The firm’s key clients include Spotlight Group, Market Pay, ThinCats Group, Fasanara Capital, I-80, Aurora/Richmond Group, IQOMI, GF Money Consumer Finance, ViaBill, Solita/Apax Digital Fund, Nordic Harvest, Market Pay, Illinois Tool Works, Dataminr, AWM Network, Alumichem/Norlex Group and Wuhan Troowin Power Technologies.

Client feedback: 32^nd edition (2022/2023)

M&A

“Very knowledgeable; good availability; result-oriented and proactive project work.”

Private equity

“Precise advisory and good structures in owner agreements between partners and owners in management consulting firms.”

NJORD Law Firm is an international law firm with a strong presence in and focus on the Nordic and Baltic regions. The firm’s key locations in Denmark are in Copenhagen, Aarhus and Silkeborg.

Focusses / specialisms

M&A is a key focus area for the firm. Industrial transactions, regardless of how they are structured, form a major component of the M&A team’s work, alongside, increasingly, private equity and venture capital investments on both the investor and company side. The team also advises on MBO and MBI mandates.

Key clients

Key clients include Philips, AP Pension, Bauhaus Danmark, Forenede Service, 3M, Boehringer Ingelheim Danmark, Vaillant, Petworld, Comcare, Handimobil, Enghouse Systems, CompuGroup Medical, Karl Storz Endoskopi, Lind Invest, Aarhus Airport, Sodexo, Reinh van Hauen, Ooono, Investcorp and One Peak.

SIRIUS advokater is a specialised Danish law firm based in Copenhagen.

Focusses / specialisms

Established in 2006, the firm’s M&A team has expanded in size and coverage. Today, the firm handles a diverse spectrum of M&A, corporate and commercial work, often with cross-border elements.

Sectoral strengths include tech, IT, commercial real estate, production and trade, distribution, banking/finance and payment solution services.

Key clients

Key clients include Calldorado, Cobe, Bikubenfonden, Medpro Clinic Sweden, Nordic Waterproofing, On the Beach Group, Schades, EPAM Systems, WorldTicket, Metronome and NIL Technology.

Client feedback: 32^nd edition (2022/2023)

M&A

“Focus on solution and accuracy of legal advice and contracts.”

Skau Reipurth is a Danish law firm located in central Copenhagen. It was established in 2011.

Focusses / specialisms

The firm has a strong position in the Danish legal insolvency market with an impressive client list and frequent challenging cases. It is experienced in serving as trustee and court appointed trustee on insolvency matters, and routinely handles pre-insolvency restructuring and distressed M&A.

Key clients

Key clients include Danske Bank, Jyske Bank, Vækstfonden (Danish state’s investment fund), Handelsbanken, Sparekassen Vendsyssel, Nordea Bank, Sydbank, Nykredit and the Danish Debt Collection Agency.

Client feedback: 32^nd edition (2022/2023)

Banking

“Proactive.”

Insolvency

“Skau Reipurth has a very professional setup in insolvency and the team has the qualifications and manpower to solve large complex cases.”