Next Generation Partners

Capital markets in Denmark

Gorrissen Federspiel

Gorrissen Federspiel maintains a dominant position in Denmark’s capital markets, regularly acting on high-value equity and debt transactions. The team advises issuers, underwriters, sponsors, investors and listed companies on IPOs, public takeovers, dual-track exits, private placements and rights issues, supported by strong Nordic and international reach. Practice heads Rikke Schiøtt Petersen and Tobias Linde lead a deep bench including Chantal Pernille Patel Simonsen, Klaus Søgaard, and Emily Nordin, who collectively bring extensive expertise across ECM, public M&A and corporate reorganisations.

Praxisleiter:

Rikke Schiøtt Petersen; Tobias Linde


Weitere Kernanwälte:

Chantal Pernille Patel Simonsen; Klaus Søgaard; Emily Nordin; Anders Ørjan Jensen; Morten Nybom Bethe


Referenzen

‘Competent, extremely diligent and available.’

‘Chantal Pernille Patel Simonsen takes client service to a new level. She provides practical and commercial advice, and is sensitive to the businesses‘ objectives as well as their risk tolerance.’

‘Exceptional track record and experience in the Danish capital market transactions.’

Kernmandanten

Novo Nordisk


A.P. Møller – Mærsk A/S


Danske Bank


Tryg Forsikring


Nykredit


GN Store Nord


ISS Global


Sydbank


Arbejdernes Landsbank


Svitzer Group


Cadeler


Carnegie


Highlight-Mandate


  • Advised A.P. Møller Holding A/S on its recommended voluntary public offer to acquire and delist Svitzer Group A/S from Nasdaq Copenhagen.
  • Advised ISS Global A/S on the re‑establishment of its €3bn EMTN programme and the issuance of €500m 3.875% notes due 2029.
  • Advised Nordic Capital and Permira on a public voluntary offer to acquire all shares in C25-listed Bavarian Nordic A/S.

Kromann Reumert

Kromann Reumert stands out for its extensive expertise across both equity and debt capital markets, supported by strong relationships with regulators, Nasdaq Copenhagen, investment banks and leading international firms. The team regularly advises major Danish and global financial institutions on listings, issuances and regulatory matters. Christian Lundgren brings deep M&A and capital markets experience, while Christina Bruun Geertsen is noted for her work on IPOs. Peter Kirkehei Qvist specialises in debt capital markets, and Marianne Philip and Rune Morthorst advise on high-value ECM transactions.

Praxisleiter:

Christian Lundgren; Christina Bruun Geertsen; Peter Kirkehei Qvist; Peter Schiøler Skaaring; Thomas Kaas


Weitere Kernanwälte:

Marianne Philip; Rune Morthorst; Thejs Tofting


Referenzen

‘Very competent company with broad and deep insight into a lot of niche segments within the legal business.‘

‘This practice distinguishes itself through its international outlook and deep sector expertise. Clients highlight the team’s ability to handle complex, cross-border matters with ease, always delivering practical and commercially sound advice. Compared to other firms, the practice stands out for its proactive, industry-focused approach that provides real value beyond the legal analysis.‘

‘We value the individuals we work with for their responsiveness, commercial mindset, and ability to provide clear and pragmatic advice.‘

Kernmandanten

Ørsted A/S


Copenhagen Airports A/S


Novo Nordisk A/S


Danske Bank A/S


Bavarian Nordic A/S


FLSmidth & Co A/S


Topdanmark A/S


Genmab A/S


GN Store Nord A/S


Scandinavian Tobacco Group A/S


NKT A/S


Nilfisk Holding A/S


Chr. Augustinus‘ Fabrikker A/S


Novo Holdings A/S


Nordea Bank A/S


Carlsberg Breweries A/S


Pandora A/S


ISS A/S


Lundbeck A/S


SimCorp A/S


ALK-Abello A/S


Jeudan A/S


Tivoli A/S


Coloplast A/S


Carnegie


Nykredit Bank


Tryghedsgruppen A/S


Demant A/S


Morgan Stanley


Goldman Sachs


JP Morgan


Kempen


RTX A/S


Djurslands Bank


TG Nordic Invest ApS


Heartland A/S


Jyske Bank


Danmarks Skibskredit (Danish Ship Finance)


Topsoe


KommuneKredit


Saxo Bank


Nordic Trustee


Arla


DLR Kredit


Highlight-Mandate


  • Advised Ørsted A/S on its planned USD 9.4 billion rights issue.
  • Advised Jyske Bank A/S on the update and expansion of its EUR 10 billion EMTN programme and three major issuances, including green bonds and regulatory capital instruments.
  • Advised Scandinavian Tobacco Group A/S on its EUR 300 million senior notes issuance and tender offer, marking its first liability management transaction and resulting in the repurchase of EUR 186.6 million in existing notes.

Plesner

Plesner remains a market leader in the Danish capital markets space, advising on headline IPOs, major takeovers and other landmark transactions. A trusted adviser to Danish state entities, corporates, financial institutions and investors, the team offers end-to-end expertise across equity and debt capital markets, structured finance and Nasdaq Copenhagen regulatory matters. Thomas Holst Laursen leads on high-profile ECM and M&A mandates, while Henrik Laursen and Janus Jepsen focus on equity transactions and compliance. Lynge Daugaard Jensen advises on ECM and M&A, and Christian Scott Uhlig excels in major debt capital markets work.

Praxisleiter:

Thomas Holst Laursen; Nicolai Ørsted; Søren Thyssen Valerius; Jakob Echwald Sevel; Henrik Kure


Weitere Kernanwälte:

Henrik Laursen; Janus Jepsen; Lynge Daugaard Jensen; Christian Scott Uhlig


Referenzen

‘The capital market team of Plesner is second to none in the Danish market.’

‘Thomas Holst Laursen is an industry leader and very knowledgeable within this field.’

‘Very service-oriented and an excellent overview of the market.’

Kernmandanten

Netcompany


Sampo


Novonesis


Demant


Gubra


Nordea Danmark


Danske Bank


Jyske Bank


Noble Corporation


TDC


Ambu


If P&C Insurance


The Danish State, represented by the Ministry of Finance


Zealand Pharma


DNB Carnegie Investment Bank


JP Morgan


Morgan Stanley


Deutsche Bank


Citi


Goldman Sachs


Tryg


European Energy


AP Pension


Banijay Entertainment


Macquarie Group


NKT


NTG – Nordic Transport Group


Trifork


Risma Systems


PureGym


Banijay Entertainment


A/S Storebæltsforbindelsen


A/S Øresundsforbindelsen


A/S Femern Landanlæg


Øresundsbro Konsortiet


BNP PARIBAS


HSBC Germany


Penneo


KIRKBI Invest


Highlight-Mandate


  • Advised Sampo in connection with its cross-border recommended exchange offer to acquire all of the outstanding shares in Topdanmark.
  • Advised the Danish State on its acquisition of a 59.4% stake in Copenhagen Airports, listed on Nasdaq Copenhagen.
  • Advised the Joint Global Coordinators (BNP PARIBAS, Danske Bank, HSBC, Nordea, and J.P. Morgan) on DSV’s offering of new shares through a directed issue and private placement to finance its acquisition of Schenker from Deutsche Bahn for approximately USD 16 billion (approximately EUR 13.65 billion).

Accura Advokatpartnerselskab

Accura Advokatpartnerselskab fields a strong capital markets practice advising Danish issuers, international investment banks and investors on transactions, including public-to-private deals. The team also counsels on broader capital markets matters, such as AGM preparation, disclosure obligations and statutory documentation. Practice heads Anne Zeuthen Løkkegaard and Martin Allan Christensen bring extensive experience across listings, takeovers and secondary offerings, while Anne-Sofie Trampe Jarløv advises on diverse capital markets transactions and ongoing obligations for listed companies.

Praxisleiter:

Anne Zeuthen Løkkegaard; Martin Allan Christensen


Weitere Kernanwälte:

Anne-Sofie Trampe Jarløv


Kernmandanten

Alm. Brand A/S


Vestjysk Bank A/S


H+H International A/S


OrderYOYO A/S


Fynske Bank A/S


Fast Ejendom Denmark A/S


Danske Bank


Nordea


Nykredit


Maps


People A/S


Brøndby IF


Pharma Equity Group A/S


Napatech A/S


Park Street A/S


BioCirc Group Holding ApS (Bonds)


Highlight-Mandate


  • Advised Spar Nord Bank on Nykredit Realkredit’s voluntary all-cash takeover offer, valued at approx. DKK 25bn.
  • Advised Visma Danmark Holding A/S on its voluntary recommended public cash offer to acquire all shares in Penneo A/S, valuing the deal at approx. DKK 560 million.
  • Advised Brøndbyernes I.F. Fodbold A/S on its oversubscribed rights issue, supporting the club’s strategic ambitions through a significant capital increase with pre-emptive rights for existing shareholders.

Bech-Bruun

Bech-Bruun’s capital markets practice advises clients across the financial, logistics and shipping sectors, with deep regulatory insight. The team has a strong record in standalone DCM mandates and major cross-border ECM transactions. Practice heads Thomas Thordal Sevelsted and David Moalem are key figures, alongside Emil Steenberg, who specialises in ECM and public M&A.

Praxisleiter:

Thomas Thordal Sevelsted; David Moalem


Weitere Kernanwälte:

Emil Steenberg; Esben Moesgaard Ludvigsen; Kristoffer Probst Larsen


Referenzen

‘David Moalem is a highly accomplished legal professional known for delivering strategic, business-focused advice across complex and high-stakes matters. With deep expertise spanning capital market compliance, he combines technical precision with commercial acumen, consistently aligning legal solutions with broader business objectives.‘

‚What makes the team unique is its balanced perspective between issuer, arranger and investor interests. The lawyers understand market practice across the Nordic region yet adapt naturally to international standards — an approach that ensures consistency, clarity and speed in cross-border documentation.‘

‚Bech-Bruun distinguishes itself through its collaborative culture and international orientation — the lawyers are not limited to a domestic view of Danish markets but operate as part of an integrated European platform.‘

Kernmandanten

ALK-Abelló


Ambu


Barclays


Better Collective


BNP Paribas


Coloplast


DSV


H. Lundbeck


JP Morgan


Jyske Bank


Rockwool


Royal Unibrew


Alm. Brand


Danske Bank


Demant


Lind Invest


Nordea


Nordfyns Bank


Nykredit Bank


SEB


A.P. Møller – Mærsk


Ahlsell


Flügger Group


FOM Technologies


Foroya Banki


Gabriel Holding


Gyldendal


H+H International


HusCompagniet


Norges Bank Investment Management


P/F BankNordik


SGL International / SGL Group


SparNord


Sydbank


Tivoli


Highlight-Mandate


  • Advising SGL Group ApS concerning its EUR 625 million issuance of new bonds to obtain funds for financing, among others, a partial redemption and buyback of existing bonds and for general corporate purposes.
  • Advised Lind Invest as a member of the winning consortium in SAS AB’s exit financing solicitation process comprising a total investment in the reorganised SAS corresponding to USD 1.2 billion, including USD 475 million in new unlisted equity (following a de-listing of SAS AB, incl. cancellation and redemption of all common shares and listed commercial hybrid bonds) and USD 725 million in secured convertible debt.
  • Advised ATP on its acquisition of the majority stake in Copenhagen Airports from Ontario Teachers’ Pension Plan and subsequent USD 4.5 billion divestment of all its shares in Copenhagen Airports to the Danish State.

Bruun & Hjejle

Bruun & Hjejle advises leading Danish and international financial institutions, private equity funds and corporates across the full spectrum of complex equity and debt capital markets work, with notable strength in DCM. The practice is led by Morten Jensen, a specialist in ECM transactions, while Anne Catherine Ingerslev brings extensive international expertise to major and high-profile bond issuances.

Praxisleiter:

Morten Jensen


Weitere Kernanwälte:

Anne Catherine Ingerslev; Jesper Schultz Larsen; Paula Grønlund


Referenzen

‘Skilled, service-minded, pro-active and pleasant people.’

‘Senior people are always hands-on and, most importantly, available. Paula Grønlund and Jesper Schultz Larsen are both stellar lawyers and extremely good at dealing with oftentimes demanding and difficult clients.’

‘Great team dynamic with seamless delivery of legal advice, articulate and valued legal advisers.’

Kernmandanten

Danske Bank


Morgan Stanley


J.P. Morgan


Goldman Sachs


Sampo Oyj


Nordea Bank, Sweden


Arbejdernes Landsbank


Vestjysk Bank A/S


A.P. Møller Holding


Realkredit Danmark


Danmarks Skibskredit


TDC NET


European Energy


BioPorto


XPartners


Axcel


NTI Group


BofA Securities


BNP PARIBAS


Triple Private Equity


Highlight-Mandate


  • Advised Morgan Stanley, BNP PARIBAS, Danske Bank, J.P. Morgan as joint global coordinators and underwriters, together with A&O Shearman, in connection with Ørsted’s planned rights issue.
  • Advised European Energy in connection with an offering of EUR 375 million new senior unsecured green bonds, which was subsequently increased to EUR 400 million by way of a tap issue.
  • Advised TDC NET in connection with an annual update of TDC NET’s EUR 3.5 billion EMTN Programme listed on the Luxembourg Stock Exchange and subsequent issuance of EUR 500 million sustainability-linked notes under the EMTN Programme.

DLA Piper Denmark

DLA Piper Denmark advises on the full spectrum of ECM mandates, including IPOs, takeovers, rights issues, sell-downs, secondary offerings and public M&A, alongside guidance on disclosure obligations, corporate governance and broader corporate matters. The practice is led by Nicholas Lerche-Gredal, who brings extensive experience in private and public cross-border M&A transactions and investments, supporting both Danish and international market participants.

Praxisleiter:

Nicholas Lerche-Gredal


Weitere Kernanwälte:

Joachim Kundert Jensen; Stefan Westh Wiencken


Kernmandanten

PKA A/S


Merlin Entertainments (Legoland A/S)


Elfelagið SEV


Curasight A/S


Jyske Realkredit


Santander Corporate & Investment Banking


Nordea Bank


PFA Asset Management


Bank of New York Mellon


Scale Capital Funds ll K/S


Real Danmark


P+ and TDC Pensionskasse


Pension Danmark


Danske Bank


Nutreco International B.V.


DecideAct


Bactiuant


Brøndby I.F. Fodbold


SunAct Pharma AB


Initiator Pharma


Sparkle Roll Group


Harboe Bryggeri


Highlight-Mandate


  • Acted for Motion Acquisition Limited (Merlin Entertainments) and its affiliates, including Danish subsidiary Legoland ApS, in respect of Danish law matters in connection with the offering of USD 410,000,000 (in aggregate principal amount) senior secured notes due 2032 issued by the affiliated Luxembourg company Motion Finco S.à r.l.
  • Assisted the Faroese Company ELFELAGIÐ SEV, including advice on a large refinancing.
  • Advised Curasight A/S with all legal aspects in connection with a public rights issue with pre-emption rights for the company’s existing shareholders.

HortenDahl

HortenDahl advises issuers, banks and investors across both debt and equity capital markets, handling listings, delistings, issuances, information obligations and corporate governance. The team is led by Lise Lotte Hjerrild, who has a longstanding track record across IPOs, capital raises and cross-border M&A of listed companies. Claus Bennetsen brings deep experience in financing and restructurings, while Lars Lüneborg advises across a broad spectrum of banking, finance and capital markets matters.

Praxisleiter:

Lise Lotte Hjerrild


Weitere Kernanwälte:

Claus Bennetsen; Lars Lüneborg; Rune Koster


Kernmandanten

Bank of America


Scandion Oncology A/S


5th Planet Games


Deutsche Bank


North Media A/S


The Danish Growth Fund (Vækstfonden)


Ardagh Group


JOOL Corporate Finance


Intertrust


BNP Paribas


Berenberg Bank


Commerzbank


Highlight-Mandate


  • Acting as trustee for Intertrust, the Bondholders, the Preference Shareholders and certain Lenders, in connection with a full restructuring, including taking over the healthy subsidiaries of the Oskar Group, and complete refinancing of the Oskar Group.
  • Advised Danish Scandion Oncology on its recent completion of the exercise of the warrants related to a successful rights issue on Nasdaq First North Sweden.
  • Acting for a consortium of pension and loan funds financing the 19 bnDKK (2.55 bnEUR) public to private bid for Danish large-cap company Bavarian Nordic A/S by PE funds Nordic Capital and Permira

Mazanti-Andersen

Mazanti-Andersen offers strong expertise in major listings, IPOs and cross-border capital markets transactions, also advising on complex M&A, stock exchange transitions, convertible bonds and variable equity financings. Practice head Lars Lüthjohan brings extensive experience across IPOs, rights and directed issues, acquisitions and sophisticated equity financing structures, making the firm a trusted advisor for high-value capital markets work.

Praxisleiter:

Lars Lūthjohan


Referenzen

‘Depth and specialisation combined with partner engagement, commercial understanding & client-centred approach.’

‘They are full spectrum as well as niche strength: Many firms either focus on general commercial legal work or a few specialities. Mazanti appears both broad (many practice areas) and deep.’

Kernmandanten

Allarity Therapeutics A/S and Inc.Ascendis Pharma A/S


Evaxion A/S


FluoGuide A/S


Forward Pharma A/S


Freetrailer A/S


Mitsui & Co. Ltd.


Strategic Investments A/S


Vald. Birn Holding A/S


Virogates A/S


Highlight-Mandate


  • Assisted Ascendis Pharma A/S with a public offering of 2,300,000 American Depositary Shares.
  • Assisted Ascendis Pharma with respect to the ongoing management of its warrant programme, including both issuance and exercise of the warrants.
  • Assisted Evaxion A/S with a EUR 3.5 million debt settlement agreement in which the lender converted €3.5 million of its loan to Evaxion A/S into equity via a purchase of ordinary Evaxion warrants.

Moalem Weitemeyer

Moalem Weitemeyer offers a strong blend of regulatory insight and transactional capability, with particular expertise in public-to-private deals and equity and debt issues. The practice is led by Jacob Bier, who brings extensive experience across M&A, private equity and capital markets transactions, alongside Dan Moalem, a seasoned adviser on complex public M&A matters.

Praxisleiter:

Jacob Bier


Weitere Kernanwälte:

Dan Moalem


Referenzen

‘Very high client engagement, a strong desire to provide useful legal advice and strong professional insights.’

‘Dan Moalem and Jacob Bier form a very strong duo in providing legal solutions that work in real life.’

‘There are several reasons why we use Moalem Weitemeyer. They are ultra accessible in an M&A process, they are incredibly strong in balancing different seniority in a transaction, and they know how to negotiate and can front in highly tactical negotiation tactics.‘

Kernmandanten

DSV A/S


Pandora A/S


Danske Andelskassers Bank A/S


Rockwool A/S


Aalborg Boldspilklub A/S


Round13 Capital


Highlight-Mandate