IFLR1000 Reviews

Financial and corporate

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: 32nd edition (2021/2022)

The firm’s banking team has maintained its consistently strong position in the acquisition financing space in Denmark. The firm was active in financial regulation, where it attained regulatory approval for large M&A deals, as well as in the investment funds area.

The firm was highly visible in the Danish equity capital markets space, where it assisted both Danish issuers and Danish and international investment banks. It also did work in debt on both the issuer and lender side.

In M&A the firm worked on several large cross-border transactions advising targets, buyers and sellers. It continued to maintain a strong position in the Danish private equity market, advising leading investors.

In project development the firm worked for both corporate clients mainly in the renewable energy space. The firm was also active in telecommunication and infrastructure sectors.

This research cycle has seen the firm’s restructuring and insolvency team work on both in-court and out-of-court restructuring proceedings, as well as in its capacity as trustee of large bankruptcy estates across Denmark.

Associate partners Jannie Schibler and Christina Balling Schmidt were added to the banking team. Partner Martin Allan Christensen joined the capital markets practice of the firm during the research cycle and associate partner Jacob-Nygaard left the firm. Many lawyers joined the firm’s project development practice during the research cycle including Partners Anders Hørlyck Jensen, Peter Østergaard Nielsen, Jakob Østervang, Matthew Mulqueen and Associate partner Tejs Dyrvig Ernst.


Deal highlights: 32nd edition (2021/2022)

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: 32nd edition (2021/2022)



"The firm represents a unique match between deal certainty, legal risk management, cost and commercial acumen. "


Financial services regulatory

"Good insights into industry. Pragmatic yet strategic. Strong project management."

"Besides being highly skilled lawyers they are always very commercially minded and actively listening, truly trying to understand your needs as a client to be able to provide quality counselling."


Leveraged finance

"The firm knows me well, and they are able to accommodate requests with short notice. "

"The firm is very engaged and good at problem-solving."

"The firm is great at scoping the job, allocating the right resources and delivering on time."

"Accommodating to our views and requests, and able to implement them in the right legal documents without friction in the dialogue with the customer."



"Structuring M&A processes, including the different milestones in the transaction. "

"Very strong team, focused on delivering value for their clients. Hard-working and fun to work with. Always solution-oriented. "

"They are extremely commercial, good and very easy to work with."

"The team were available 24/7, communicated well with internal stakeholders and managed a large number of local counsel ensuring that we received coherent and timely legal advice from all jurisdictions."

"The firm professionally handled the legal aspects of the merger process."

"Strong commercial support in addition to legal aspects. Impressive understanding of business, categories and markets."

"Pragmatic and business-minded. Solution-oriented. Easily accessible."

"Overall a fantastic firm. Sharp legal minds with high client centricity and excellent judgement in advising on and navigating the softer side of transactions."

"Hands-on process management, commercial mindset, solution-oriented and constructive in dialogue with counterparties as well as own client."

"Client-focused and proactive; business-oriented in their legal approach."

"Best in class when it comes to skillset and knowledge. Very proactive and great at managing the process. "

"Absolutely best in class as it relates to M&A in Denmark. "


Private equity

"Very responsive. Brings the best talent to the assignment. Positive attitude. Solution-oriented."

"Strongest teams on M&A transactions."


Project development : Infrastructure

"Extremely commercial and easy to work with. Always looking for good solutions for the customer/client."


Project development : Telecommunications networks

"By far the best law firm we have ever worked with – and we've been through a few. The firm is extremely professional, responsive, precise but at the same time very innovative in finding alternative solutions to our legal challenges. They are very dedicated to us as a client, also in adopting their services to meet our needs."


Restructuring and insolvency

"Strong insight on complex restructuring matters and distressed M&A."


Mads Kjellerup Dambæk

"He has an ability to provide very high quality strategic advice while balancing legal risk and regulatory knowledge."

"Strong legal knowledge, quick to analyse a situation and provides excellent advice."

"He has strong legal skills and the ability to combine it with good commercial understanding."

"He has a very good legal mind, combined with an ability to listen and strong corporate finance knowledge."

"Extremely skilled, highly accessible and commercially minded."

"He knows me well and can deliver what is needed to accommodate tight deadlines and close the deal."


Rikke Maria Falck Jensen

"Very good technical, commercial and service-oriented."

"She is extremely commercial and fantastic to work with."


Tue Frandsen

"He is a real problem-solver. Clients rely on his great judgement and calm demeanour. "


Henrik Juul Hansen

"Strong commercial mindset – understands complexity in businesses as well as market dynamics. Always on all details through entire process and excellent in negotiations."

"He is available 24/7 and quickly understands what is at stake for the client. He provides proactive advice and support on managing relevant deal risks."


Søren Aamann Jensen

"Søren Aamann Jensen is calm in stressed situations and he is always focused on solutions."


Kristian Klausen

"Good at listening and interacting with the entire advisory team."


Andreas Steen Vallentin-Hansen

"Strong communication. Good in understanding the situation and thereby projects where to go. Meeting deadlines and setting the right team."

"Very good soft skills and people skills on top of exceptional legal expertise. "

"He assisted in the whole process and advised on all aspects of the merger. In addition to his extensive legal expertise, his advice is based on strong strategic, tactical and commercial skills. "

"Knowledgeable, problem-solving, rigour." 


Kåre Stolt

"He is a solution-oriented lawyer and is always able to assess the business perspective in a legal discussion rather than only focusing on legal obstacles. "

"Good at seeing opportunities and possibilities."


Thomas Weincke

"Commercial mindset, very client-centric, solution-oriented."

"A stellar experienced deal maker. Strong technical legal capabilities and experience combined with excellent judgement and a very strong ability to manage people and the softer dynamics in a deal. A rare and very valuable combination. Also a lawyer who is not afraid to provide real advice and is excellent in separating what is important from what is not. "


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 often represents 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, Nord Stream 2, Energinet, Nordea Bank, Nykredit Bank, Royal Unibrew, Skandinaviska Enskilda Banken and TotalEnergies.

Research period review: 32nd edition (2021/2022)

In banking the firm was mainly active in acquisition finance for both borrowers and lenders advising notable clients primarily in the banking and financial services sectors. It also did work in energy finance as well as real estate finance.

In debt capital markets the firm maintains its strong position in bond/notes issuances and hybrid securities, advising mainly the issuers. The equity capital markets team was visible in the IPO space, where it notably advised on Green Hydrogen Systems’ IPO.

The firm acted on some of the most prominent M&A mandates in Denmark for both buy and sell side clients. In the private equity space, the team was involved in a range of significant transactions for both private equity firms and their portfolio companies.

In projects work the firm acted on many large-scale developments in both the energy and infrastructure domains.

In restructuring and insolvency, the firm delivered advice to both creditor and debtor clients such as major Danish banks and prominent government funds, as well as Danish corporates and Danish subsidiaries of major foreign players.

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: 32nd edition (2021/2022)

Alm Brand €1.5 billion rights offering

Copenhagen Infrastructure Partners €850 million financing

CVC Capital Partners €2.5 billion acquisition of Star

Danfoss €2.5 million bond issue

Green Hydrogen Systems’ Nasdaq IPO

Lunar €210 million acquisition of Swedish Lendify

Welltec International $325 million 8.25% senior secured notes issue


Client feedback: 32nd edition (2021/2022)


Banking and finance

"The firm provides commercially sensible advice – and also is extremely good at setting the strategy for such cases. They are very responsive and always balance the legal implications with the commercial implications. "



"Very friendly and professional and a pleasure to work with."

"They are very experienced, specialised lawyers who know every aspect of the insolvency area. "

"The firm is nationwide in Denmark with offices in both Copenhagen and Aarhus. They are known for their work within M&A as well as restructuring and insolvency."

"It is one of Denmark's leading law firms and therefore has a large market share within reconstruction and insolvency. The firm is represented with offices in Copenhagen as well as in Aarhus, which is why it covers jobs throughout Denmark. The partners in reconstruction and insolvency are all younger partners, which provides good dynamics and an increased market focus. The firm is a good brand in Denmark."

"Friendly, cooperative, teamwork, competent and globally minded."



"We trust BB has done an excellent job for us."

"Very professional work. Timely and cost efficient. They have a wide range of experts across various legal fields."

"They do a 360 degree = 100% good, reliable job."

"High competences, high integrity, available, fair price."


Restructuring and insolvency

"Very capable insolvency lawyers who are very pleasant to work with."


Jacob Hjortshøj

"Very detailed and diligent in his job"

"100% professional and effective."


Anders Hoffmann Kønigsfeldt

"He is a very capable insolvency lawyer and very pleasant to work with."

"Pleasant, friendly, commercially minded and able to see the big picture."


Jakob Kristensen

"High competence, high integrity, available, fair price."


Ole Nørgaard

"He is an extremely skilled lawyer – very responsive and very pleasant – and understands the needs of a client in our kind of industry. The advice he gives is therefore extremely valuable as it takes into account the balance between law and the commercial reality."


Troels Tuxen

"He is a specialised lawyer with extremely good knowledge about the insolvency field. He is easy to reach and gets back to us immediately."


Søren Christensen Volder

"He is a very skilled and professional lawyer. He has a lot of experience in reconstruction and insolvency. He is very solution-oriented. He always has good communication with his customers and is a pleasant person."

"He is a very competent lawyer and always finds good and constructive solutions to complex legal issues. He is very well-liked among customers as well as business partners. He has a large local and national network and is recognised in the industry."

"He is a very well-liked lawyer among his clients. He is good at finding solutions to problems. He is young and upcoming in the field of restructuring and insolvency. He is very pleasant to work with. He has a good network. He is the future head of the firm's restructuring and insolvency department in Aarhus."

"He is a very capable insolvency lawyer and very pleasant to work with."

"He is very skilled and has an excellent way of finding good solutions and making people work with him, which is an important skill when working with insolvency and restructuring cases."

DLA Piper

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: 32nd edition (2021/2022)

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. Real estate finance was another area of strength for the practice. It notably assisted Landesbank Hessen-Thüringen Girozentrale (Helaba) in the financing of the purchase of commercial property in the Copenhagen area by a Korean real estate fund. 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.

Partners Christian B Guldmann and Kenni Svanholm Jensen joined the firm’s M&A team while Partners Martin Juste and Christian Bredtoft Guldmann joined the project development practice during the research cycle. M&A Partner Anders Kaasgaard departed the firm while Banking Partner Ian Tokley and Thomas Bang (project development) retired from practice during the research cycle.


Deal highlights: 32nd edition (2021/2022)

ActivumSG €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: 32nd edition (2021/2022)


Bank lending : Borrower side

"A good and expedient service."


Bank lending : Lender side

"They are highly experienced and understand the agricultural sector better than most, and thus can provide advice on the level needed to create value for us."


Banking and finance

"They are on top of the industry. Commercially focused and add value to our business, our customers feel safe, and they use the latest technology."


Financial services regulatory

"The firm has competent employees and always delivers a good result within the agreed deadline."



"The firm is one of the most knowledgeable law firms when it comes to insurance insolvency. They cover all the different aspects and are always ready and available."

"The firm has a good market position in Denmark within restructuring and insolvency. They cover all of Denmark (with offices in Copenhagen and Aarhus). In addition, they have a large international network, which means that they have a larger international perspective compared to other law firms in Denmark. The firm is well known in the industry and always provides advice of high quality and competence."


Leveraged finance

"They are very pragmatic and solution-oriented"



"They are attentive to the project, i.e. not too 'far away' and there is a good mix of partner attention/attendance on the projects with the more junior team members."

"Partner attention; responsiveness; focus on finding solutions."

"They were very responsive and had good commercial acumen as well as a sound technical legal understanding of the M&A market practices in Denmark."

"The firm did a good work regarding the paperwork in relation to the sale. I was confident in the way they handled the deal."

"Strong sector insight combined with a commercial approach to the process/negotiations with the counterpart. "

"Knowledgeable, business-oriented, factual, timely, professional and with a good sense of humour."

"Great negotiators, flexible."


"Close relationship to the partner and easy access – pragmatic approach."


Private equity

"Always available with quality advice. Very short turnaround time. Great international network. We currently use the firm in Denmark, UK, US, Sweden and Finland."


Project development : Infrastructure

"The firm has a good knowledge of agreements with both private and public housing companies, and has many competent employees to handle the tasks."


Nikolaj Helsinghoff Andersen

"He is good at maintaining an overview, and anticipating where the customer's problems may arise."


Trine Hasselbach

"Very likeable and creates the necessary bond of trust by giving relevant advice and new insights into problems and possibilities within the field she advises on. Brilliant legal mind."

"She is a very commercial and outgoing lawyer. She has many years of experience, which is reflected in good solutions to complex problems. She is very well-liked among her customers."


Ulrich Hejle

"Always accessible. He knows the business inside and out and what he delivers is always of very high quality and on time. "

"Close relationship – always available – honest in his opinions – pragmatic."


Joachim Kundert Jensen

"Provides a good, practical and expedient service."


Peter Hedegaard Knudsen

"In addition to being a skilled lawyer, he is good at understanding new issues and proposing workable solutions. "


Lasse Møller

"He is extremely competent and knows our company extremely well, which makes the cooperation effective."


Carsten Pedersen

"Hard worker, strong negotiator."


Jens Krogh Petersen

"He was very commercially astute and was able to take a 'bigger picture' view when confronted with an issue. He was also able to present creative solutions to problems when they arose."

"Knowledgeable, business-oriented, factual, timely, professional and with a good sense of humour. Besides he demonstrates leadership and relevant delegation"


Henrik Sjørslev

"He has deep knowledge and experience of complex financing/restructuring matters, which he turns into a valuable resource for us. He understands complex matters and sees solutions."

"He is outstanding and best in class in his field."

"Responsiveness and ability to find solutions."


John Emil Lyngfeldt Svenson

"Very proactive in his approach (both on leads and during projects). Strong execution and commercial approach (i.e. excellent at finding the right balance between what is nice to have and what is a need to have from a legal/commercial perspective)."

"Very responsive – always available. Good quality and excellent wingman in any negotiations."


Elverdam Law Firm

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 (2021/2022)

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 (2021/2022)


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."



"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."

Gorrissen Federspiel

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: 32nd edition (2021/2022)

The firm’s banking team worked on several prominent acquisition financings during this research cycle for many of its corporate and banking clients.

In the equity capital markets space the firm played a major role in IPOs. It also worked on several prominent rights issues and private placements, typically on the issuer side. The debt team experienced similarly high volumes of work, advising on bond/note issuances and programme updates most frequently on the issuer side.

In M&A the firm worked for both private equity firms and corporates on complex transactions which often had cross-border elements. The team’s advice to such clients as Maersk Drilling, Intact Financial Corporation / Tryg, Agility Public Warehousing Company and TORM is representative of the complex, high-value deals for which it has carved out a leading reputation.

The restructuring and insolvency team worked on many of the most complex bankruptcies in Denmark during the period in review, including the bankruptcies of Apollovej, TOP-TOY and GameStop.

Partner Thomas Maaberg Hansen joined the banking team of the firm during the research cycle while Partners Niels Heering (M&A) and Jens V Mathiasen (banking) departed from the firm.


Deal highlights: 32nd edition (2021/2022)

Alm Brand €1.69 billion acquisition of Codan

Apollovej restructuring

Danske Bank €500 million green bonds issue

DSV Panalpina $4.1 billion acquisition of Global Integrated Logistics

EQT IX €134.4 million acquisition financing

IO Biotech Nasdaq IPO

KommuneKredit $1 billion 1.00% Fixed Rate notes issue

Maersk Drilling €1.7 billion merger with Noble Corporation

Synsam AB Nasdaq IPO

TOP-TOY restructuring

Triton €88 million acquisition financing


Client feedback: 32nd edition (2021/2022)


Banking and finance

"Deliver high-quality work and are good speaking partners."



"Professional throughout the process."

"One of the leading law firms in Denmark within insolvency and reconstruction. Over the last few years, the firm has been involved in the largest reconstruction cases in Denmark. They always act professionally and are highly competent professionally. In addition, they are very solution-oriented and find solutions to complex problems. They have a very good market understanding."

"Good understanding of commercial approach and the client's wishes. "



"Responsive; very pleasant to deal with; knowledgeable of Danish law, practices and market; able to staff complex transaction with different areas of expertise; strong anti-trust practice; relationships with fellow Danish law firms."

"Unparalleled experience in public M&A in Denmark. Exceptional focus on value creation and forward thinking."

"Superior experience and insight into Danish capital markets transactions and unbelievable availability and depth of resources."

"Great understanding of our business model. Very competent team, and service is always on top and delivered with a smile, even when busy. "

"The firm is very diligent and knows what it takes to manage a very international M&A process. "

"Great knowledge, business-oriented and very kind people."


Tina Herbing

"She consistently delivers high-quality work and is very pleasant to work with. She is good with our clients and their lawyers as well and contributing to finding solutions."


Preben Jakobsen

"Easy to work with, very professional and coherent."

"Availability. Commercial understanding. Negotiations. Openness. Legal talent."

"He is an extremely smart lawyer, very commercially and business- oriented, very responsive and clear in communication. He always looks for solutions rather than concentrates on difficulties. Importantly, he is also just a very nice person."


Anders Ørjan Jensen

"He is very diligent and has a high degree of business acumen."


Gitte Dehn Lansner

"Strong business understanding, very service-oriented and great competence."

"Strong knowledge of our company and our business model, very kind person, strong negotiation skills, etc."


Rikke Schiøtt Petersen

"True 1st tier adviser within ECM and public M&A."

"Constant attention to clients' needs and keen commercial sensibility in her advice."


John Sommer Schmidt

"He is extremely competent. He has been involved in the largest cases in Denmark and therefore has a lot of experience in insolvency and reconstruction. He is always solution-oriented. He has a very good market approach. In addition, he is a very pleasant person to work with. He is always in a good mood and well-liked among all. He is without doubt one of the best and most competent lawyers within insolvency and reconstruction in Denmark."


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: 32nd edition (2021/2022)

In banking the team excelled in providing advice to a whole range of Danish corporate and financial clients. It was active in the acquisition financing, real estate financing and project financing space, where it assisted such notable clients.

The firm’s capital markets involvement during this research cycle included programme updates and secondary offerings work on behalf of both targets and issuers.

The M&A team consolidated its position in advising leading clients in the private equity and venture capital space. Its work spanned several key sectors in Denmark, including most prominently technology, professional consultancy, retail and energy.

The firm’s projects team demonstrated strength in supporting projects for private and public sector clients in energy and infrastructure. A good example of the team’s capabilities in the space is its legal advice to Energinet in respect of the development of Two Energy Islands.

Partner Peter Helbo Langsted joined the M&A team while Partner Jim Øksnebjerg left the firm. Partner Peter Istrup joined the project development team while Partner Peter Bisgaard departed from the firm


Deal highlights: 32nd edition (2021/2022)

Energinet and Evida Green gas grid

Polaris €45 million acquisition financing

TotalEnergies 1 GW THOR Offshore wind farm


Client feedback: 32nd edition (2021/2022)


Bank lending : Borrower side

"Extremely flexible to assist when needed and a pragmatic view of problem solving - a commercial view instead of a strict legal view."


Financial services regulatory

"They have the expert knowledge and are well connected with the relevant people."


Lise Lotte Hjerrild

"Deep knowledge of the subject matter, our company, our sector and the relevant regulatory people. Always available and attending to details while keeping a very good strategic and tactical overview."


Lars Lüneborg

"Great knowledge within the banking area (legal) and very client oriented (always available)."


Kleist Legal

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 (2021/2022)

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 (2021/2022)

Innargi geothermal project

Klesch acquisition of Equinor refinery in Kalundborg

Postlane Partners acquisition of a Shell refinery in Fredericia, Denmark


Client feedback: 32nd edition (2021/2022)


Financial services regulatory

"Highly skilled and broad knowledge of the subject."


Nicolaj Kleist

"Supreme knowledge of the subjects."


Kromann Reumert

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: 32nd edition (2021/2022)

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 fund financing, refinancing, real estate financing, project and asset financing work.

The firm was active in equity capital markets work which included several prominent IPOs, rights issues and private placements. In debt capital markets the firm mainly advised on green bond and hybrid securities issuances. 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 acquisitions 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 and abroad.

During the research cycle the firm’s restructuring and insolvency team worked on some highly complex mandates involving both in-court and out-court restructuring and insolvency proceedings with the firm acting as trustee and administrator in some of the deals.

Partner Helle Wehl joined the M&A team of the firm while Rune Jensen departed from the firm.


Deal highlights: 32nd edition (2021/2022)

Adapteo $214 billion acquisition of Ajos

Barslund insolvency

European Energy €400 million senior unsecured green bonds issue

Novo Holdings FRA IPO

Novo Holdings $551 million acquisition of BBI

Ørsted €2 billion 5-year sustainability-linked syndicated revolving credit facility 

Polaris €45 million acquisition financing

TryghedsGruppen €134.4 million tier 2 private placement


Client feedback: 32nd edition (2021/2022)


Asset finance

"The firm has been present in their counselling. They have been good at following up and communicating really well."


Capital markets : Debt

"Ensuring that T&Cs meet current legal requirements."


Capital markets : Equity

"We have chosen the firm as we believe that they are the best full-service firm in Denmark when it comes to our needs. They have a very deep bench across the legal areas relevant to us."

"Sound legal advice with a profound understanding of our business and the market in which we operate."

"Profound experience combined with pragmatism."

"Highly skilled lawyers with very good understanding of our business."

"Best law firm in Denmark."

"Always able to come up with clear guidance firmly based on practical experience and a good understanding of the law. The pragmatic approach that is characteristic for the firm fits our company well."


Financial restructuring

"Drafting term sheet, executing documents, advising on solutions."



"Speed and strong advice. Really effective sales process of assets. "


Investment funds : Real estate funds

"Overview, good knowledge, focus on important matters."

"Market insight. Legal knowledge at high level."



"Very effective negotiators, extremely responsive, depth of knowledge in this area, professional, sound business acumen: very impressive."

"Very effective negotiators, extremely responsive, depth of knowledge in this area, professional, sound business acumen: very impressive."

"Proactive. Challenging. Fast response."

"Perfect adviser for us. Proactive."

"It is a highly skilled law firm, with expertise in a wide range of energy-related M&A topics. Their services are among the best in class in Denmark."

"Highly skilled professionals with very strong commercial understanding."

"Understand our business and what is important for us in connection with the transaction."

"A very skilled engagement partner, who was professional, proactive and helped us in cutting through a complex transaction."

"Swift, competent and professional advice. Very knowledgeable about the business and sector. Very good understanding of needs and processes."


Project development : Infrastructure

"They always provide high-quality solutions on time and are available for questions any time."

"Service and quality."

"They are good at keeping specialists for every part of the legal work – they have specialists for development, planning, finance etc."


Restructuring and insolvency

"Professional. Commercial approach. Quick response time. Straightforward."


Flemming Horn Andersen

"Legal and commercial advice, negotiations."


Søren Andreasen

"Market insight and deep legal knowledge within real estate."

"All-round, overview, focus on important matters, availability."


Anders Stubbe Arndal

"He is the best energy lawyer in Denmark. He has managed to combine transactional and regulatory skills with a deep business understanding."

"Best energy lawyer in Denmark."


Steffen Bang-Olsen

"He is good at communicating and following up on outstanding issues. He is extremely present in his way of advising. He also gives the feeling that we are the best together and that we have a strong team together."

"He is very approachable and has a positive attitude towards his clients. He also has an in-depth knowledge of real estate, and understands the complexity of the issues quickly."


Jens Blomgreen-Hansen

"He is truly a unique legal capacity in the Danish legal industry. He not only brings his outstanding legal skills to the table, but more importantly he brings with him a fundamental and unique knowledge and understanding of the commercial value drivers in a renewable energy project. Time and again he has been instrumental in finding solutions that ensure we are given the best commercial solution without losing sight of getting the deal done, by also catering for our counterpart’s focus points as much as possible. Being a 'deal maker' by putting the commercial rationale behind a deal in the driver’s seat rather than focusing on legal stop signs, is what sets him aside from his peers.

Moreover, Jens’ commercial mindset is not a feature he reserves for cases where he is hired for a specific assignment. Jens actively and freely makes available his extensive national and international network to his clients and thus actively seeks to create additional business for us. That is truly a rarity!"


Teis Gullitz-Wormslev

"Solution orientation, knowledge of the business."


Andreas Hallas

"Knowledgeable, solution-oriented, available at short notice."


Jan Hvarre

" Swift, competent and professional advice. Very knowledgeable about the business and sector. Very good understanding of needs and processes."


Christian Ibsen

"He is a highly skilled lawyer, with expertise in a wide range of energy-related M&A topics. Always friendly and service-minded."

"Friendly, open-minded, professional and clear advice, proactive in finding useful solutions."


Frederik Jacob Estrup

"Very responsive, knowledgeable in this area of law, creative thinker about solutions to deal with challenges, effective negotiator; overall a really wonderful person and superb counsel."


Christian Lundgren

"Profound experience combined with pragmatism."


Christian Jul Madsen

"Good and equal dialogue. Speed in answers on both phone and email. "

"Innovative. Versatile. Commercial. Strong negotiator."


Henrik Møgelmose

"One of the most experienced deal makers in Denmark. Unlike many other lawyers he doesn't let his ego get in the way of getting the deal done. Highly skilled, experienced and commercial. And a pleasure to work with."


Jacob Møller

"High quality and value for money."

"High quality in his work."


Michael Nørremark

"Strong communication skills, a 'simplifier'. "

"He has a very strong understanding of tax matters with a very good corporate understanding."


Mads Reinholdt Sørensen

"Proactive. Challenging. Fast response. The best lawyer I have worked with"

"Perfect lawyer for us."

"He knows our company very well and understands what we require"


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: 32nd edition (2021/2022) 

The firm was predominantly active in M&A and restructuring and insolvency during the research cycle. 

The firm’s M&A team maintained its already strong position in the private equity space, where it advised on several landmark deals for both sellers and acquirers. 

In restructuring the firm notably acted as trustee in restructuring proceedings. A notable example of such instance is the appointmentof the firm’s partner as trustee in the in-courtrestructuring of Brdr Simonsen. 

Partners Pernille Bigaard and Louise Krarup Simonsen joined the Restructuring and insolvency team of the firm while M&A partner Christian BredtoftGuldmann departed the firm in June 2021. 


Deal highlights: 32nd edition (2021/2022) 

Brdr Simonsen restructuring 

REFA MariboSakskøbingKraftvarmeværkheating power plant restructuring 


Client feedback: 32nd edition (2021/2022) 



"Commercial mindset. Good quality work and meet deadlines." 

"Proactive, understands the client's needs and timely." 

"Solution-oriented and serviced-oriented with an open mind and ability to pinpoint matters we might not ourselves have thought of." 


Pia Lykke Mathiasen 

"Quickly grasps the issues we present and provides an almost instant idea of what could be potential pitfalls and solutions. Very timely and structured." 

"Quickly grasps the problem at hand, as well as risks the client is facing, and gives prompt answers and suggestions for next steps. " 

Moalem Weitemeyer

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: 32nd edition (2021/2022)

The firm’s banking and finance team performed strongly in the acquisition finance. The team was also visible in the debt offering space, where it assisted a range of corporate and financial clients.

In capital markets, the firm notably advised several listed companies in Denmark, Europe and the USA. It was active in both equity and debt, advising on a diverse spectrum of work, including corporate bond issues, equity offerings and bond financing work.

The firm was visibly strong in M&A during the research cycle, advising on the buy and sell side of several acquisition and financial investment deals with cross-border dimensions. 


Deal highlights: 32nd edition (2021/2022)

DSV $4.1 billion acquisition of Agility International GIL holdings and Agility logistics international


Client feedback: 32nd edition (2021/2022)


Capital markets : Equity

"Very experienced, high credibility externally, strong problem-solving."



"Always providing precise, creative and timely work and advice in M&A processes."

"Professional, open, no surprises, enjoyable to work with, senior team."

"Very services and customer-minded."

"Very professional."

"Very hands-on and commercially minded."

"The firm added value to our project through their strong business acumen, understanding of our business and strategic rationale behind the transaction and provided deal-making solutions when needed."

"Strong legally and commercially."

"High-performing team. Strong understanding of our business and the transaction 'metrics' and risks. Deal-making approach and contributions."

"Business acumen. Pragmatic and deal-making approach. Understands our business and strategic considerations with the acquisition. "

"A great firm to work with regarding M&A and private equity. Always top-notch legal advice, very good transaction lawyers, pragmatic and very responsive. "

"Highly business driven – very insightful in their approach."


Private equity

"The firm is always very responsive, attentive and is also excellent at finding pragmatic solutions in negotiations."


Project finance

"Legal competencies."


Henning  Aasmul-Olsen

"Knowledge and experience."


Tobias Frost

"Professional, knowledgeable, pragmatic."


Dan Moalem

"Great knowledge, good negotiator, precise, timely, funny, good values."

"Strong person with a solid footprint. Brings solutions to the table."

"Outstanding commitment. Always goes the extra mile. Business acumen and deal-making approach. "

"Extremely competent and commercial – he is in your corner and you sense that he will do everything possible to get the best outcome for his clients. One of – if not the – best M&A lawyer of his generation."

"M&A experience and knowledge. Deal-making approach, but sense of business needs and strong business acumen."

"Extremely 'on the ball'. Has great insights."


Mattias Vilhelm Warnøe Nielsen

"He is a great transaction lawyer, very good negotiator and very solution-oriented."

"He combines a very comprehensive legal knowledge with a pragmatic and solution-oriented approach. In addition to that, he is also a very pleasant person to work with."


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: 32nd edition (2021/2022)

During the research cycle the firm’s banking team acted on several of the market’s leading acquisition financings and cross-border transactions involving a Danish target. The team was also a preferred advisor on many of the market’s most significant financing matters relating to sustainable finance solutions and green energy.

In equity capital markets the team was active in secondary share offerings particularly the firm worked on several rights issues and private placements during the research cycle. The firm also worked on several IPOs and listings. In debt capital markets, the team assisted on several prominent bond issuances (including green bonds, investment grade bonds and convertible and hybrid securities) predominantly on the issuer side.

The M&A team acted on some of the most complex private and public acquisition deals on the Danish market. One example of the firm’s strong performance in this domain is its involvement on the buyer side of the multi-billion, cross-border acquisition of RSA Insurance Group by Tryg and Intact Financial Corporation.

In projects the team continued to support a plethora of developers, contractors and investors on large infrastructure and construction projects. Highlights include support of the Fehmarnbelt Fixed Link Project and the construction of three international airports in Greenland.

In restructuring and insolvency, the team acted on a high number of cases predominantly on the creditor side, representing major Danish and international banks, insurance companies and investors.

Partner Thomas Maaberg Hansen left the firm while Mads Pedersen joined the Restructuring and insolvency team of the firm as a manager during the research cycle.


Deal highlights: 32nd edition (2021/2022)

AMBU €201.6 million sustainability-linked revolving credit facility

Dampskibsselskabet Norden $150million bond issue

Dansk Kraftvarme Kapacitet insolvency

Fehmarnbelt Fixed Link Project

Global Equestrian Group €205 million senior secured loan facility

Kingspan Group €253 million acquisition of LOGSTOR

O W Bunker group restructuring

TotalEnergies redevelopment of Tyra Field

Tryg and Intact Financial Corporation €1.6 billion acquisition of RSA Insurance Group

Zealand Pharma $200 million secured notes issue


Client feedback: 32nd edition (2021/2022)


Capital markets : Debt

"Plesner has a holistic (i.e. strategic) as well as a very detailed view of the business. Hence, very important when structuring the loan docs. "


Capital markets : Equity

"Remarkably sharp, even on very short notice, and always accessible. Find it hard to imagine a better adviser on capital markets law. "


Capital markets : Structured finance and securitisation

"The firm has a high level of competence in the areas where they have supported us – and is always ready to help. They seek to understand any challenge at first – and then afterwards come up with proposals for solutions. This makes a good way of working together and we feel very confident in the final solutions. "



"Experts in insolvency; excellent communication with client; result oriented."

"Hands-on approach with clear guidance for the client on what needs to be done."



"They are experienced in their fields and have excellent relations with various local stakeholders."

"Given their long track record with our company they understand our challenges when drafting next generation templates for global expansion."

"Client-first approach; highly qualitied professionals; strong customer relationship."


Project development : Infrastructure

"High level across different fields of expertise."


Michael Schebye Brandt-Jensen

"Clear communication and also not reluctant to push the client if and when needed."


Brian Bundgaard

"Already a star in his own right, he has over the past few years won strong traction among clients and recognition of fellow peers acting on the Danish M&A scene. We have been working with him on several occasions and consider him a first choice for any large multinational M&A transaction involving Danish aspects. He is a true dealmaker with an unquestionable talent for bridging the gaps, but first and foremost he is a natural choice as trusted adviser due to his impeccable values and solid integrity. Setting the highest standards for himself and others, he goes above and beyond in pursuing the interests of his client, while at the same time always being really pleasant and pragmatic to work with for both clients and counterparties. "

"When choosing external legal service providers domestically and abroad, we screen just as much for chemistry, core values and personal integrity as for the legal capabilities of the individual lawyers we work with. He comes in first on all of our important parameters, as he aligns 1:1 with the core values we have chosen on which to base and drive our organisation. His vast deal experience, work capability, accessibility and relentless focus on delivering best-in-class legal advice and service makes him an obvious choice for any large domestic or cross-border M&A deal. "


Henrik Laursen

"Sharp, fast, hands-on and very pleasant. He and his team are just the kind of lawyers you instinctively trust."


Thomas Holst Laursen

"He is always very open and transparent. He has a friendly nature and has very broad experience. His communication is most often very clear and his knowledge on specific areas is often very deep. He is especially good at strategic advisory. He always does what he promises and his availability is fantastic. "

"Highly skilled; makes things happen; client-first attitude."


Frederik Lenskjold Olsen

"He is very knowledgeable in construction law, combines a strategic approach with attention to detail and responds quickly."


Nicolai Örsted

"Responsive and skilled."


Michala Roepstorff

"Expert concerning insolvency, very good negotiation skills, very good communication."

"Extremely knowledgeable, solution-oriented, very pleasant to work with."

"She is very skilled and a pleasure to work with and have as counterparty. She is a good colleague in the business. Pleasant, skilled and always calm. Good at problem-solving."

Poul Schmith

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 (2021/2022)

In banking the firm was active in advising borrowers and lenders in several notable acquisition, fund and project financing and refinancing transactions.

The firm also provided advice to corporate and institutional clients on few bond issuances including the Danish Ship Finance €500 million covered bond issue.

In the M&A sphere the firm provided key legal support on acquisition matters on both the seller and buyer side.

In project development the firm supported several projects in the infrastructure and energy domains, including several large offshore wind farm projects.

The insolvency practice also experienced high levels of activity. It advised on some of the most high-profile mandates in the market, including acting as court-appointed liquidator for Qudos Insurance’s bankruptcy. The firm also worked on multiple bankruptcies.

Partner Jacob Bier joined the firm’s M&A practice during the research cycle.


Deal highlights: 32nd edition (2021/2022)

Fehmarn Belt Link

Nordic Real Estate Partners €500 million acquisition financing

Waterland Private Equity €110 million acquisition financing


Bird & Bird

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

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: 32nd edition (2021/2022)

Financial services regulatory

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



“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: 32nd edition (2021/2022)


“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: 32nd edition (2021/2022)

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.”

Lund Elmer Sandager

Lund Elmer Sandager is a Danish law firm based in Copenhagen with origins extending back to 1877. 


Focusses / specialisms

The firm has an active M&A practice that often advises on complex, cross-border deals. It handles transactions across several sectors and has an impressive longstanding corporate clients list, featuring several industrial companies involved in M&A transactions on a regular basis. 

Its track record in private equity-related M&A is strong, with the firm regularly securing mandates for both Danish and international private equity firms. 

The firm’s restructuring and insolvency team advises financial institutions and businesses on all aspects of insolvency law.


Key clients

Key clients include Danske Bank, Nordea Bank Danmark, Jyske Bank, Spar Nord, Sydbank, Nykredit, Danish Debt Collection Agency, Nordic Trustee & Agency, Deloitte, PwC, KPMG, Vækstfonden, Lagercrantz, Lakrids by Bülow, Qatar Airways, Reconor and Agilitas. 


Client feedback: 32nd edition (2021/2022)


“Solution oriented and service oriented with an open mind and ability to pinpoint matters we might not ourselves have thought of.”

“Great expertise and very service minded. Very strong negotiation skills.”


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: 32nd edition (2021/2022)


“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

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

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: 32nd edition (2021/2022)


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

Skau Reipurth

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: 32nd edition (2021/2022)





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