Another ambitious and ever-expanding firm, Lex Law Offices is a confident outfit with a good pedigree that have their sights set on the top tier."Lex Law is growing....
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Another ambitious and ever-expanding firm, Lex Law Offices is a confident outfit with a good pedigree that have their sights set on the top tier.
"Lex Law is growing. They are an old firm, and are very competitive," says one partner, and another competitor echoes this sentiment: "Lex Law is always growing, always competing to be a top local firm."
This growth has also entailed the firm hiring another partner, Gunnar Vidar, who joined from Landsbankinn this year.
Interestingly, the bulk of the highlight deals for the firm this year have actually come from Landsbankinn itself. A team led by Vidar acted on the large Vestia acquisition, worth €120 million overall, and he is currently also advising on a due diligence mandate for the bank relating to the acquisition of the savings bank SpKef.
Elsewhere, Ólafur Haraldsson and Gudmundur Ingvi Sigurdsson worked on the restructuring and refinancing of Bakkavor, an Icelandic food manufacturing company. An intensely complicated deal, on completion the transaction will represent a value of around €117 million.
Lex Law also advised Landsbankinn on an investment they made into Enterprise Investment Fund, which is comprised of 16 other pension funds. The eventual investment was 30% of the total stake in the fund, for a value of €114 million. The transaction was finalised in January 2011.
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