Det kræver stadig flere ressourcer og større specialviden at tolke og overholde den børsretlige regulering. Derudover øges fokus på principper og anbefalinger for god selskabsledelse, ligesom den børsretlige regulering, herunder den løbende oplysningspligt, forbuddene mod markedsmisbrug samt reglerne for udbud og notering af finansielle instrumenter er blevet mere tekniske.

Vi rådgiver om udbud af samt handel med og regulering af finansielle instrumenter, verifikationer, overtagelse af børsnoterede selskaber og afnoteringer. Vores klienter er blandt andre C25-selskaber samt large cap- og small cap-selskaber, der er noteret på NASDAQ København og First North, og tillige internationale og danske investeringsbanker. 

Herudover rådgiver vi en bred vifte af danske og udenlandske private equity-fonde og venturefonde med at gennemføre investeringer, opkøb, tilkøb og exits. Vi er eksperter i FAIF-reglerne, der indebærer, at private equity- og venturefonde er underlagt stramme regulatoriske krav.

Vi rådgiver blandt andet om:

  • Udbud af finansielle instrumenter, herunder børsnoteringer, IPO’er, private placeringer og sekundære udbud
  • Verifikationer
  • Oplysningsforpligtelser
  • Handel med og regulering af finansielle instrumenter
  • Overtagelsestilbud og afnoteringer
  • Obligationsudstedelser
  • Etablering af investeringsfonde og managers
  • Etablering af UCITS-fonde, investeringsforeninger og mutual funds
  • Venturekapitalinvesteringer
  • Private equity-transaktioner/buyouts/ secondaries
  • Fund of funds og master feeder funds
  • Investering i investeringsfonde
  • FAIF-forhold
  • Bonus- og afkastmodeller, carried interest-fordelingsaftaler
  • Regulatoriske forhold
  • Skatteforhold vedrørende investeringsfonde
  • Managementstrukturer.

Vi rådgiver desuden om god selskabsledelse (corporate governance), løbende oplysningsforpligtelser og særlige selskabsretlige regler for børsnoterede selskaber. 

For at sikre jer den bedste rådgivning samarbejder vi, når der er behov for det, med advokater, som er specialiserede i områder som fx M&A & Selskabsforhold, Regulatoriske forhold, Insolvens & Rekonstruktion samt Skat.

Kapitalmarked

Capital Markets

What the team is known for
Strong finance team acting on behalf of domestic and international banks, private equity houses and large corporations on all aspects of acquisition finance. Recognised for its financing expertise in the energy and real estate sectors. Also instructed on refinancing mandates. Has experience in debt capital markets transactions, advising on the issuance of notes and high-yield bonds.

Strengths
One client says the lawyers have a "lot of experience with complex financing agreements," adding that they are "very consistent" and "always deliver."
 
Another client enjoys the "high accessibility" of the lawyers, who "advise with a high degree of business understanding."
 
Work highlights
One client says the lawyers have a "lot of experience with complex financing agreements," adding that they are "very consistent" and "always deliver."
 
Notable practitioners
David Moalem is highly regarded for his expertise in securities law and financial regulation. He has particular experience in fintech matters. One client describes him as "probably the best lawyer in the Danish financial regulatory market."
 
Morten Krogsgaard handles a range of loans and facility agreements, including bridge facilities. He also has experience in the issuance of notes and bonds. He is particularly active on leveraged and acquisition finance mandates. One source notes that he is "very knowledgeable within the financing world and always has a good understanding of the market."
 
Thomas Thordal Sevelsted advises on acquisition and real estate finance, as well as asset finance in the shipping and aviation sectors. One client says he is "good at locating where the issues are and what needs to be focused on."
 
Chambers and Partners Europe, Banking and Finance

 

Capital Markets

Steen Jensen advises clients on ECM transactions, including passporting and takeovers. He recently assisted Exiqon with its DKK1 billion public-to-private takeover by Oncotec.

David Moalem provides regulatory advice on capital markets-related matters. He assisted Lundbeck with the implementation of a new capital markets compliance set-up in light of the new EU Market Abuse Regulation. Clients say: "He gives very practical advice which we can easily implement and he provides very good service."

Chambers and Partners Global, Capital Markets

Capital Markets

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.

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.

Research period review (2021/2022)
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.

Recent Deal Data highlights

  • 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 

Capital Markets

Legal 500 - Bech-Bruun

Ranked: Tier 2

Bech-Bruun handles major ECM transactions as well as complex regulatory issues. The team also has strong cross-border capabilities, with practice head Morten Krogsgaard specialising in international finance law. The group has particular expertise in setting up new financial businesses and insurance brokers as well as handling the registration of branch offices for foreign stockbrokers and insurers. Other names to note are Steen Jensen, who is an expert in takeover bids and buyback programmes, and ‘top lawyer’ David Moalem.

"Bech-Bruun has been outstanding and performing exceptionally well, and to the utmost highest standard in regards to legal counselling in the Capital Markets area."

"The Team has been available 24/7, with a really quick response time, with the best and always correct counselling/legal advice. The team has been pleasant the whole way through, while also being really sharp and competent at their work."

Legal 500, Capital markets

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