Capital Markets
Kromann Reumert advises Danish listed companies and their management, investors, and Danish and significant foreign banks about capital market (ECM) matters. More than half of Nasdaq Copenhagen's C25 companies rely on us for advice, and we have been involved in nearly every major Danish ECM transaction for many years. This has given us unparalleled specialist knowledge and close relations to, among others, the authorities, Nasdaq Copenhagen, banks, and foreign attorneys.
Capital markets regulation in Denmark and internationally is complex, and the level of market monitoring by authorities has significantly intensified. Successful market navigation requires specialist advice on capital markets and corporate law matters and current practice. Deep legal insight, commercial understanding, and insight into current market and authority practices are all essential.
Kromann Reumert’s ECM capital markets group is the biggest team of specialists in Denmark. We have extensive experience advising on capital market (ECM) matters and have been involved in nearly every major Danish ECM transaction in the past many years.
We advise on all relevant areas:
- POs in Denmark and abroad
- Share issues, including rights issues and direct placements or major share divestments
- Takeovers
- Regulatory matters, including disclosure obligations, insider regulation, and market manipulation
- Corporate governance
- Shareholder issues, including conducting general meetings and activist campaigns
- Management issues, including management liability assessments
Our team is actively involved in the continuous developing of the legal area. Marianne Philip is Adjunct Professor of Corporate Governance at Copenhagen Business School, Christian Lundgren chairs the Capital Markets Committee of the Association of Danish Law Firms, and Christina Bruun Geertsen was actively involved in the drafting of the Nasdaq Copenhagen Rules for Issuers of Shares.
Ratings
We have tier 1 ranking in all international directories, and our senior partners individually are ranked as market leaders or equivalent. In 2017 we won the European Equity Deal of the Year 2016 (IFLR1000) award for our advice on the initial public offering of the shares of Ørsted A/S. It was the first time a Danish law firm had won the award.
Our cooperation
We work closely together with our other specialist groups, e.g. Banking and Finance, Corporate and Foundation/Trust Law, Mergers and Acquisitions, and Tax Law, thereby ensuring that our clients reap the full benefits of interdisciplinary specialist advice coupled with keen commercial insight.
Click the links to learn more about our specialist areas.
High-profile cases
We advised e.g.:
- the management of TDC in connection with takeovers in 2005 and 2018
- Danisco in connection with Dupont’s acquisition in 2011
- Hellman & Friedman in the acquisition of Nets in 2017
- Topdanmark’s board of directors on Sampo’s mandatory takeover bid in 2016
- Ørsted and Ørsted’s management on the initial public offering in 2016 (the biggest ever in Denmark)
- Scandinavian Tobacco Group, management and owners, on the initial public offering in 2016
- NKT and Nilfisk on the carve-out of Nilfisk for separate public listing in 2017
Contact
Case highlight
Four of the largest banks in Denmark sold their majority shareholdings – approximately 75% of the shares – in Sanistål A/S. The buyer was Ahlsell, the leading technical distributor of installation products, tools and machinery in the Nordic countries.
Content from the practice area
-
NewsThe European Securities and Markets Authority (ESMA) has published guidelines for posting of investment recommendations on...
-
NewsIn this article, we share insights on how bond issuers should address sustainability (ESG) disclosures in marketing materials...
-
NewsColoplast A/S successfully completed a directed issue and private placement of 12.2 million new B shares in an accelerated...
