Lett has worked hard to expand its M&A practice this year hiring high-profile M&A practitioner Niels Erik Nielsen, formerly of Bech-Bruun and Sam Jalaei from Eversheds.The team, led by Sebastian Ingversen in Copenhagen, has been fairly active, with one deal for Parken Sport & Entertainment gaining significant coverage due to their ownership of FC Copenhagen football team....
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Lett has worked hard to expand its M&A practice this year hiring high-profile M&A practitioner Niels Erik Nielsen, formerly of Bech-Bruun and Sam Jalaei from Eversheds.
The team, led by Sebastian Ingversen in Copenhagen, has been fairly active, with one deal for Parken Sport & Entertainment gaining significant coverage due to their ownership of FC Copenhagen football team.
Another interesting deal saw the firm advise ATP, the largest state fund for Denmark, on the acquisition of FIH Erhvervsbank, a deal complicated by the situation of the previous owner, Icelandic bank Kaupthing.
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Lett, in line with its strategy of growth, took on three new partners this year, one of whom, Henrik Sjørslev, has been active on a good majority of its work.In one case he was elected administrator for Phoenix Fondsmaeglerselskab as it entered bankruptcy....
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Lett, in line with its strategy of growth, took on three new partners this year, one of whom, Henrik Sjørslev, has been active on a good majority of its work.
In one case he was elected administrator for Phoenix Fondsmaeglerselskab as it entered bankruptcy. This €800 million deal was one of the larger bankruptcies in the market over the past 12 months and gained a lot of press attention as a result.
Head of department Jan Bech was also active this year, being appointed trustee of the bankruptcy estate of Skykon Give, a developer and manufacturer of wind turbine components that had been in suspension of payments. The company had assets worth €13 million and liabilities of €40 million, and was transferred after the bankruptcy order to Welcon. This company also worked within steel manufacturing and wind turbines and 82 employees were part of the transfer.
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