M&A - Mergers and acquisitions

Private M&A

Our M&A attorneys advise on all aspects of private M&A transactions. We advise our clients  based on an understanding of their specific business needs in accordance with the circumstances, and through efficient and timely completion of the transactions, we achieve commercially advantageous results for our clients.

As a full-service law firm, we have the opportunity whenever required to involve the other attorneys in our firm, each of whom is specialised in their field of practice. In doing so, we always bring the right skills and experience into play to anticipate and effectively handle the legal issues that arise during a transaction. Over the years, we have been involved in several complex transactions, including in highly regulated areas, and we benefit greatly from our technical expertise and long-term relationships with regulators.

Public M&A

For decades, our experts in capital market law and M&A transactions involving listed parties have developed processes, methods and expertise to assist clients in M&A transactions concerning listed companies, including cross-border M&A transactions. Our team has extensive experience from several of the more complex listed transactions in Denmark and assists bidders, banks, target companies, large shareholders, corporate clients, private equity sponsors, board committees and other stakeholders.

Public M&A requires all the legal advice that is required by Private M&A transactions, including in understanding and securing the basis for the acquisition of the target company, through relevant due diligence and ensuring an appropriate contractual basis. However, public M&A also requires considerable insight into and understanding of the regulatory process of acquiring a publicly listed target company, including the interaction between the M&A transaction and approval processes by the authorities. Our firm is very familiar with the workflows and processes of the Danish authorities, which gives us a good position to advise and guide our clients in connection with Public M&A transactions where the involvement or approval of public authorities is required.

Minority Investments

In recent years, the number of investors making minority investments has increased. Investors range from private equity and pension funds to wealth funds and family-owned businesses. Minority investment processes are now more standardised than just a few years ago, but still require more tailor-made processes than control transactions. In particular, the dynamics of valuation in relation to conditions, including governance and exit conditions, as well as financing of the investment, are much more complex.

Our M&A attorneys advise a wide range of clients on minority investments – from private and listed target companies to existing shareholders to financial sponsors, pension funds and state actors.

Capital markets 

We have extensive experience in advising on capital market transactions of all sizes and across sectors and markets. We have significant experience in representing issuers, major shareholders and underwriters in share-based securities transactions, including stock exchange listings, stock exchange and promotion campaigns, direct placements and private placements.

Our capital market law specialists have extensive experience in advising listed companies on the use of their shares as consideration for corporate acquisitions, carrying out share buy-backs (including through accelerated share buy-backs), stock consolidation/splits, and reorganisations and capital reductions for listed companies.

Joint ventures, Commercial Partnerships and PPP

We advise our clients on all types of joint ventures and commercial partnerships from conventional joint ventures to multi-layered joint ventures and strategic alliances. We have a strong track record in advising on public-private partnerships and regularly represent both public and private parties in this connection.

We work across our firm’s legal expertise fields and offer advice in areas such as IP rights, corporate governance, regulatory and licensing issues, competition law, real estate and employment law.

We have extensive experience in advising on joint venture structures and offer advice on all commercial and strategic issues and assist in processes with relevant authorities.

Carve-outs and divestments

Carve-outs and divestments of business units are often business-critical transactions relating to the core of our clients’ operational and strategic goals. These are complex transactions that require multidisciplinary skills to support all aspects of the transaction, including in relation to IT, IP rights, commercial contracts, GDPR, employment law and competition law.

We work closely with our clients’ management and transaction teams at all stages of carve-outs and divestments, from initial considerations, structuring and analysis of the legal impact to completion of the transaction and subsequent transition or integration of target.