Kromann Reumert

Denmark

IFLR1000 Reviews

Financial and corporate

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- seize 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, Danica, Altor, EQT, Via Equity, Apple, Bergen.

 

Research period review: 31st edition (2020/21)

In banking the firm worked on many prominent acquisition financings during the research cycle, including on several cross-border deals. The firm was also visible in bond issuance, fund financing, refinancing, real estate financing and ship financing work.

The firm’s equity capital markets work included several prominent rights issues and private placements. The firm was active in debt capital markets where it worked on bond issuances and EMTN programmes, primarily on the side of issuers. In structured finance the firm notably advised Capital Four on a CLO issuance.

In M&A the firm worked on many of the market’s most significant private and public transactions on both the buy and sell side.

In the project development space the firm was active in real estate. It also acted as an advisor on a high number of green field projects in the Danish energy sector, as well as early development projects in Denmark, Taiwan, Mexico and the Dominican Republic.

Despite the lower levels of activity in the market over the previous research cycle, the firm’s restructuring and insolvency team had a strong year, working on some highly complex mandates. In one notable example, the firm was engaged by a financial creditor to complete the complex in-court restructuring of PWT Group.

Senior associate Nora Kjær-Christensen departed the firm’s debt capital markets practice at the start of 2021. Partner Jens Hyldahl Bjerregaard left the M&A team during the research cycle. Partner Søren Aamann Jensen departed the restructuring and insolvency area in March 2021.

 

Deal highlights: 31st edition (2020/21)

Aktieselskabet Schouw $449 million financing

Bavarian Nordic $430 million rights issue

Capital Four €356 million CLO issue

Dampskibsselskabet Norden reorganisation

PWT Group restructuring

Intact Financial Corporation and Tryg £7.2 billion acquisition of RSA Insurance Group

Orifarm $746 million acquisition of pharmaceutical products and manufacturing sites from Takeda

Orphazyme $110 million private placement

Royal DSM $873 million acquisition of Glycom

Vestas acquisition of shares in MHI Vestas Offshore Wind

 

Client feedback: 31st edition (2020/2021)

 

Bank lending : Borrower side 

"Commercial, not too formal, not confrontational in style." 

"They are very knowledgeable combined with a very good business/industry understanding that they apply successfully. They respond quickly and are very pleasant to work with. " 

 

Bank lending : Lender side 

"Product matter expertise." 

 

Capital markets 

"Always able to provide useful responses to our questions." 

"Strong legal qualifications." 

 

Capital markets : Debt 

"Commercial understanding. Sharp legal attention, fast responses." 

"Competitive price compared to international law firms. Responsive. Good balance on views of banks and clients. " 

"They are service-minded and with a focus on solutions to the problems at hand. The professional integrity is high and the dialogue is characterised by a friendly and professional atmosphere. " 

 

Capital markets : Equity 

"Solid knowledge of our situation and the field of corporate elements in equity increase in a stock listed company. " 

 

Capital markets : Structured finance and securitisation 

"Highly responsive, creative, product matter experts." 

 

Financial restructuring 

"A very commercial attitude with excellent results." 

 

Investment funds: Hedge funds 

"Professional. Very user-friendly. Prompt responses and pragmatic advice." 

 

Investment funds: Private equity funds 

"Good advice and understanding of our firm." 

 

M&A 

"In-depth legal understanding and experience. Understand the different roles we play in M&A setting. Create trust with common client. Creation of good working atmosphere. Work well together." 

"Tier 1 knowledge of the sector, always available and a sterling legal aid, and commercial understanding of value drivers in the transaction." 

"Very professional. Good quality attention to detail. Good with the client." 

"We benefit from significant experience in drafting and negotiating the transaction documents - and in organising the due diligence work." 

 

Project development 

"Competent and professional legal advice." 

"Kromann Reumert always bring strong subject-matter specialists to the projects where we have been involved. In particular, Kromann Reumert has a strong energy and infrastructure franchise. In my opinion, Kromann Reumert is a tier-1 law firm in Denmark within M&A and project development." 

 

Project development : Energy 

"I believe that they have the strongest and most experienced team in Denmark within energy, especially when it comes to transactional work. Besides being very strong lawyers, their sector understanding is second to none." 

 

Restructuring and insolvency 

"Very professional and highly competent partners, which is combined with a sound commercial approach to solve situations in a pragmatic way." 

 

Anders Lavesen 

"Extremely knowledgeable. Has a great ability to add value." 

 

Christian Jul Madsen 

"Very commercial attitude. Always a good communicator regarding the state of the case." 

"Very high level of knowledge. Strong negotiation skills. Strong commercial insight." 

 

Christian Lundgren 

"Always able to provide useful, clear and pragmatic answers to our questions." 

"High legal qualifications and high service level." 

"Knows our firm well." 

"Very experienced, very significant work rate and always accessible. Always able to deliver pragmatic advice." 

 

Christian Richard Paarsgaard Ibsen 

"Good subject-matter expertise (energy and infrastructure). Very thorough and precise." 

 

Jacob Møller 

"Good knowledge of our company and business area, which means he always gives us relevant and competent advice." 

 

Jakob Bernhoft 

"Jakob is very commercial and has very good all-round knowledge, in addition to being a financing specialist. Extremely pleasant to work with and has a manner towards the opposing party that ensures the matter gets solved (instead of ending up in court)." 

 

Jan Hvarre 

"Professional, competent, innovative and are very adaptive to our needs. Understand our business and seek solutions." 

 

Jens Blomgren-Hansen 

"Jens has a second-to-none knowledge of the renewables industry. He is the go-to guy, if you are involved in renewable energy transactions, nationally and internationally. He knows the value of the projects and has an in-depth experience that gives us as a client the upper hand in negotiations." 

"Very good in understanding risks and building air-tight project development solutions. Always well prepared." 

 

Jeppe Lefevre Olsen 

"Very professional and knowledgeable on tender rules, contract management and construction law." 

 

Kim Rasmussen 

"Kim is very knowledgeable on finance. Combined with a very good business and industry understanding and a pleasant personality, this makes him a pleasure to work with." 

"Focuses on solutions. Follows up on outstanding issues. High-quality legal knowledge." 

"Highly professional, very skilled lawyer and good at process management." 

 

Marianne Philip 

"Deep knowledge in corporate matters/equity increase. Solid track record. Commands respect, personally as well as professionally." 

 

Teis Gullitz-Wormslev 

"Pragmatic advice. Sees the big picture. He takes time to understand his clients and their needs, which means he understands how to approach things." 

 

Thomas Kaas 

"Creative, constructive, commercial." 

"One of the most constructive and creative lawyers with whom I have worked. Excellent balance of risk management and commercial solutions."