G&D is well reputed for equity capital markets work above all. "Strong in capital markets and very strong in equity capital markets," says one competitor, while another says it has "very good individuals who work very hard on transactions"....
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G&D is well reputed for equity capital markets work above all. "Strong in capital markets and very strong in equity capital markets," says one competitor, while another says it has "very good individuals who work very hard on transactions". Notably, the firm clinched the Byggmax Group IPO.
A leading domestic bank recommends the firm as one of the top five and says it has "a very skilled legal analysis capacity and good business judgement". The firm works a lot with Morgan Stanley and Nordea Bank, among others, is well versed as local counsel to international deals and has a programme of secondments with Slaughter and May and Davis Polk & Wardwell.
In recent work, Dick Lundqvist and Krister Skoog advised Eniro, the Nordic region's largest company listed on the Nasdaq OMX Stockholm, on its €274 million capital increase through a rights issue, which was fully underwritten by Danske Markets, DnB NOR Markets, Handelsbanken Capital Markets, Nordea, RBS, SEB and Swedbank.
Lundqvist and Skoog also teamed with Fredrik Palm to advise Carnegie Investment Bank and Sundal Collier as joint bookrunners and financial advisors on the €329 million IPO of Byggmax Group on the Stockholm stock exchange.
In another standout deal, Carl Westerberg and Mikael Borg advised Carnegie Investment Bank in a capital injection to the Nasdaq OMX listed oil & gas group PA Resources. The deal was done through a rights issue fully underwritten by a Carnegie led consortium and a €93 million bond issue. The firm's capital markets expertise has also been on show in the series of high profile public offers for Providence Education, Alfa Laval and Ticket Travel Group.
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G&D comes recommended by commentators as "very high quality" for international work and in the regulatory sphere, where it advises banks including Nordea, SEB and Swedbank. The firm drafted the Ucits (Undertakings for Collective Investment in Transferrable Securities) regulations and is strong on investment funds and hedge funds....
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G&D comes recommended by commentators as "very high quality" for international work and in the regulatory sphere, where it advises banks including Nordea, SEB and Swedbank. The firm drafted the Ucits (Undertakings for Collective Investment in Transferrable Securities) regulations and is strong on investment funds and hedge funds.
Tobias Larsson recently advised the listed company Eniro on a $794 million refinancing transaction. Niklas Rockborn and Marcus Johansson won a mandate from the China Construction Bank on its $200 million acquisition finance facility for Geely's acquisition of the Volvo Car group.
Johansson also worked on a $320 million acquisition financing for Providence Equity Partners for its cash bid on education company AcadeMedia, one of the highlight deals in the market. Capital markets lawyer Dick Lundqvist also led on banking deals, and in one engagement advised private investment company Nordstjernan on a $320 million revolving credit agreement with a Swedish bank.
Counsel Tobias Edenman acted for a company owned by Norwegian property fund Fortin group with renegotiating two property financings of $153 million and $320 million. The firm added a new member to its partnership in September 2010 with Candra Torebring.
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G&D is a "very consistent high quality firm" says a competitor. The firm's Achilles heel is its smaller presence in the private M&A and private equity markets, while for public M&A and blue-chip industries it is second to none in reputation, which is backed up by an impressive deal list....
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G&D is a "very consistent high quality firm" says a competitor. The firm's Achilles heel is its smaller presence in the private M&A and private equity markets, while for public M&A and blue-chip industries it is second to none in reputation, which is backed up by an impressive deal list.
In possibly its top deal, Dick Lundqvist and Krister Skoog advised Providence Education International in its $365 million public cash offer to all shareholders in AcadeMedia. Other highly recognised public offers saw Lundqvist and Fredrik Palm advise Alfa Laval on its $873 million public cash offer for Munters and Bob Johansson assist Ticket Travel Group (TTG) on Norwegian investment company Braganza's mandatory public offer for all outstanding shares.
Two more deal highlights saw Anders Lundin advised NYSE listed vehicle engineering company BorgWarner listed on its $226 million acquisition of Haldex Traction Holding and Marcus Johansson, Niclas Rockborn, Andreas Holmqvist and Mikael Borg acted for Carnegie Investment Bank on its $175 million acquisition of all shares in the failed bank HQ Bank and its Swedish fund company HQ Fonder Sverige.
Elsewhere, Lundqvist, Mats Hugoson and Palm advised Pernod Ricard and its subsidiary Vin & Sprit on the sale of certain Nordic brands, including Explorer, Blossa, Chill Out and Svenska Nubbar, and related assets to Altia for $133 million, while Carl Westerberg and Holmqvist assisted Nasdaq OMX listed technical consulting company ÅF in its $48 million acquisition of Energo.
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