Highlights

The Danish Western High Court sets aside the decision of the Danish Board of Equal Treatment in a case about religion and belief

On 23 July 2021, the Danish Western High Court announced its decision in a leading case that it was not in contravention of the prohibition against discrimination on the grounds of religion and belief when an educational institution had ordered a physical education teacher to be at work on a Saturday. Plesner assisted the educational institution in the case.

Highlight  -  28.07.2021

Capidea invests in Dancover

The Danish private equity fund Capidea has entered into an agreement to acquire a controlling shareholding in Dancover A/S. Dancover is a leading European e-commerce business within tent solutions. Plesner assisted Capidea with the transaction.

Highlight  -  23.07.2021

A.P. Møller Holding has acquired the Nissens Cooling Solutions business from Axcel-backed Nissens

A.P. Møller Holding has acquired 100% of the share capital in NCS International A/S which operates under the brand Nissens Cooling Solutions. Plesner advised A.P. Møller Holding on the transaction.

Highlight  -  20.07.2021

Faerch Group acquires MCP Performance Plastic

Plesner has acted as lead counsels for Faerch Group, the Danish-based manufacturer of sustainable trays for the global food industry in connection with the acquisition of MCP Performance Plast. 

Highlight  -  20.07.2021

Hamilton Thorne acquires IVFtech and K4Technology

Plesner has assisted Hamilton Thorne in connection with the acquisition of IVFtech ApS and K4Technology ApS. Hamilton Thorne Ltd. is a publicly company traded on the Toronto Venture Exchange.

Highlight  -  16.07.2021

Texthelp Group acquires WizKids

Plesner has assisted the Texthelp Group in connection with the acquisition of WizKids A/S, WizKids AB, WizKids AS, WizKids B.V. and WizKids Ltd. The Texthelp Group is backed by Five Arrows, the private equity business of Rothschild & Co.

Highlight  -  13.07.2021

Sampension acquires a 49% stake of the shares in NRGi Renewables

Sampension has signed an agreement with NRGi Administration to acquire a 49% stake of the shares in NRGi Renewables. The parties thereby enter into a partnership to develop NRGi Renewables' activities within renewable energy. Plesner acted on behalf of Sampension.

Highlight  -  07.07.2021

TDC NET signs corporate power purchase agreements with Better Energy

TDC Net has signed four corporate power purchase agreements (PPA) with Better Energy. Plesner has acted for TDC NET in connection with these PPAs.

Highlight  -  01.07.2021

Axcel invests in ProData

Axcel has signed an agreement to acquire a large majority stake in ProData and partner with the founders and management of ProData to create a leading European provider of high-end IT consultants. Plesner acted as lead counsel for Axcel and advised on all legal aspects of the transaction, including the sellers' reinvestment.

Highlight  -  01.07.2021

Plesner acts for Vipps on three-way Nordic merger with MobilePay and Pivo

Plesner has acted for Vipps (the Norwegian mobile payments market-leader owned by DNB and other Norwegian banks) in connection with the negotiation of an agreement with Danske Bank and OP Financial Group regarding a merger of Vipps, MobilePay and Pivo (the Finnish mobile payments market-leader). The merger will create a Nordic payments champion that, with 11 million users and 330,000 connected shops and businesses, is big enough to compete with Big Tech payments solutions. The transaction is conditional on competition clearance and local financial supervisory approvals of extensive corporate reorganisations of the three merging groups.

Highlight  -  30.06.2021

CIP raises EUR 800 million in first closing of new Energy Transition Fund

Only two months after final closing of the latest flagship fund, Copenhagen Infrastructure IV, Copenhagen Infrastructure Partners (CIP) has raised EUR 800 million in the first closing of a new fund, Copenhagen Infrastructure Energy Transition Fund I (CI ETF I). CI ETF I will invest in next generation green energy infrastructure. Plesner's Private Investment Fund team advised CIP on all stages of the fundraising.

Highlight  -  29.06.2021

Vækstfonden establishes Dansk Vækstkapital III

Vækstfonden has established Dansk Vækstkapital III with commitments of DKK 1.5 billion. Plesner advised Vækstfonden on the establishment of the investment fund.

Highlight  -  24.06.2021

The Flying Tiger Copenhagen Group enters into a Warehousing and Logistics Services Agreement with Prime Cargo Poland

The Flying Tiger Copenhagen Group and Prime Cargo Poland have entered into a Warehousing and Logistics Services Agreement. Plesner acted as legal counsel for the Flying Tiger Copenhagen Group.

Highlight  -  24.06.2021

Plesner advises PATRIZIA on the sale of the eastern part of Marmorbyen

Plesner has advised PATRIZIA (Patrizia Wohnmodul I Zwischenholding S.á.r.l.) on the sale of Ejendomsselskabet PADK M1 ApS and indirectly its property portfolio of 13,969 sqm., consisting of 128 residential commonhold units as well as 4 commercial units situated in Marmorbyen in Nordhavn.

The buyer is a company administrated by CBRE Global Investors.

Highlight  -  21.06.2021

Norvestor acquires a majority stake in Globeteam

Plesner has assisted Kirk Kapital, Claus Moldow and Morten Strunge Nielsen, in connection with their sale of Globeteam A/S to the Norwegian private equity fund, Norvestor. Kirk Kapital, Claus Moldow and Morten Strunge Nielsen will re-invest alongside Norvestor. 

Highlight  -  16.06.2021

Distrupol acquires Lautrup Chemicals

Plesner has assisted Distrupol in connection with its acquisition of HLC-Hans Lautrup Chemicals A/S and HLC-Lautrup Scandinavian Chemicals A/S (collectively referred to "Lautrup Chemicals"). Plesner assisted Distrupol as lead counsel.

Highlight  -  16.06.2021

Plesner advises Flying Tiger Copenhagen in connection with its franchise expansion into Israel

Zebra A/S, the company behind the retail chain Flying Tiger Copenhagen and the Israeli retail fashion group Fox-Wizel Ltd. has entered into an International Franchise Agreement regarding Fox Group's exclusive rights to develop and operate the Flying Tiger Copenhagen franchise concept in Israel. 

Highlight  -  15.06.2021

Plesner advises Flying Tiger Copenhagen in connection with its franchise expansion into Saudi Arabia

Zebra A/S, the company behind the retail chain Flying Tiger Copenhagen and the Saudi Arabian retail fashion group Fawaz Abdulaziz Alhokair & Co. has entered into an International Franchise Agreement regarding Fawaz Abdulaziz Alhokair & Co.'s exclusive rights to develop and operate the Flying Tiger Copenhagen franchise concept in Saudi Arabia. 

Highlight  -  15.06.2021

Sentia sells data center

Plesner has advised Sentia Denmark A/S, a subsidiary of the Dutch Sentia Group, on the sale of its Danish data center to Penta Infra, one of Europe's leading operators of data centers

Highlight  -  15.06.2021

Equinor sells its Danish refining business

Equinor has entered into an agreement with the Klesch Group for the sale of Equinor's shares in Equinor Refinering Denmark A/S. Plesner has assisted Equinor in connection with the sale.

Highlight  -  14.06.2021

Plesner advises Tryg in connection with the sale of Codan Denmark

Tryg A/S and Intact Financial Corporation have entered into a conditional share purchase agreement for the sale of Codan's Danish business to Alm. Brand A/S. Plesner has advised Tryg A/S in connection with the sale.

Highlight  -  11.06.2021

GRO Capital raises continuation vehicle to continue journey with prior portfolio company of GRO Fund I

On 4 June 2021, GRO Capital announced the establishment of a continuation vehicle for the purpose of holding a minority interest in Trackunit, a former portfolio company of GRO Fund I. Backed by Danish and non-Danish investors, GRO Capital thereby continues to support Trackunit going forward, while also providing an exit for GRO Fund I. Plesner's Private Investment Funds team advised GRO Capital on all stages of the fundraising.

Highlight  -  10.06.2021

Triton acquires FairWind A/S

Plesner has assisted Triton, an international private equity fund, as lead counsel in connection with Triton's acquisition of FairWind A/S, a global leader within wind turbine installation and service.

Highlight  -  09.06.2021

DEAS takes over the management of Aberdeen’s Nordic property portfolio

Plesner assists Deas Asset Management A/S in connection with the negotiation and conclusion of asset management agreements concerning Aberdeen Standard Investments’ total property portfolio in Sweden, Norway, Finland and Denmark

Highlight  -  02.06.2021

Tryg completes acquisition of RSA

On 1 June 2021, Tryg A/S and Intact Financial Corporation have completed their acquisition of the British insurance company RSA Insurance Group plc. Plesner has acted as legal adviser for Tryg in connection with the acquisition. 

Highlight  -  01.06.2021

Plesner acts for Tryg Forsikring on the listing of DKK 2.3bn capital notes

Plesner has assisted Denmark’s largest insurance company, Tryg Forsikring, with the issue of NOK 850m and SEK 1.3bn of capital notes, so-called Tier 2 capital and the subsequent listing of the notes, together with SEK 1bn Restricted Tier 1 capital which Tryg Forsikring, with the aid of Plesner, issued in February, on Oslo Stock Exchange. The combined issuance and listing is one of the largest in the Nordics in recent years.

Highlight  -  01.06.2021

Plesner advises on the sale of Magasin

Plesner assisted as legal adviser to Department Stores Realisations Limited (in administration) ("Debenhams") with the sale of Aktieselskabet Th. Wessel & Vett. Magasin du Nord ("Magasin") to German fashion retailer Peek & Cloppenburg. 

Highlight  -  28.05.2021

Plesner advises Trifork in its IPO on Nasdaq Copenhagen

On 27 May 2021, Swiss domiciled next-gen IT group Trifork has been listed on Nasdaq Copenhagen. Plesner advised Trifork in connection with the offering and listing. 

Highlight  -  27.05.2021

Plesner represents Reconor Group on successful refinancing

Plesner has advised Reconor Group on the successful refinancing of its existing debt and the financing of the group's strategic acquisition of Sten & Grus Prøvestenen A/S. The new financing is provided by way of senior term loan B and acquisition/capex facilities, together with a super senior revolving credit facility for general corporate purposes.

Highlight  -  17.05.2021

Plesner successful in leading case before the Supreme Court concerning valuation of minority shareholdings subject to compulsory redemption

On 10 May 2021, the Danish Supreme Court delivered judgment in favour of Plesner’s clients in a case concerning the valuation of minority shareholdings in connection with compulsory redemption by the majority shareholder.

Highlight  -  11.05.2021

Plata creates peer-to-peer lending platform

Plata ApS has created a peer-to-peer lending platform allowing Danish individuals to lend money to each other.

Highlight  -  05.05.2021

The Eastern High Court rules in favour of NetApp in the "beneficial owner" cases

The Eastern High Court has given its judgment in the two first test cases in the so-called "beneficial owner" group of cases - with two different outcomes. The High Court has ruled that NetApp was not obliged to withhold tax at source in connection with a major dividend distribution, and the company has consequently prevailed in the case. Plesner represented NetApp in this pilot case both before the High Court and the National Tax Tribunal (which also ruled in favour of NetApp).

Highlight  -  03.05.2021

New binding ruling - exit programme considered subject to section 7 P of the Danish Tax Assessment Act

On 27 April 2021, the Danish National Assessment Council confirmed in a binding ruling that warrants granted to a company's employees can be considered subject to section 7 P of the Danish Tax Assessment Act, even if it was only possible to exercise such warrants in connection with an exit event. Plesner advised the company.

Highlight  -  29.04.2021

Studentbostäder i Sverige AB acquires a development project of DKK 1.2 billion in Copenhagen

Plesner has advised the Swedish listed real estate company Studentbostäder i Sverige AB (publ) in connection with the structuring of and negotiation and conclusion of the purchase agreement regarding a student housing development project on Engvej in Copenhagen with a value of approx. DKK 1.2 billion comprising 578 student apartments as well as 4 commercial units. The seller is the property developer Gefion Group, selling its largest real estate project to date.

Highlight  -  27.04.2021

Capidea sells Ellepot to Kirk Kapital and Karsten Ree Holding

Danish private equity fund Capidea has agreed to sell Ellepot to a company owned by Kirk Kapital and Karsten Ree Holding. Plesner advised Capidea on the transaction.

Highlight  -  27.04.2021

Plesner advises Gefion Group A/S on the sale of Telegrafkollegiet located in Ballerup, Denmark

Plesner has advised Gefion Group A/S on the sale of Telegrafvej 5A-B, 2750 Ballerup 'Telegrafkollegiet' consisting of 262 condominiums and a number of common facilities to Catella European Student Housing Fund II. 

Highlight  -  21.04.2021

Copenhagen Infrastructure IV reaches EUR 7bn hard cap

On 16 April 2021, after one year of global fundraising, Copenhagen Infrastructure Partners (CIP) reached the EUR 7bn hard cap in their global greenfield renewables energy fund Copenhagen Infrastructure IV (CI IV). CI IV achieved commitments from approximately 100 institutional investors from the Nordics, Europe, North America, Asia and Australia. Plesner’s Private Investment Fund team advised CIP during all stages of the fundraising.

Highlight  -  20.04.2021

Plesner represents European Energy on new issuance of hybrid green bonds

Plesner is representing European Energy in connection with its tap issuance of EUR 75,000,000 callable subordinated green capital securities due 3020 (the "hybrid green bonds"). 

Highlight  -  08.04.2021

Plesner advises PATRIZIA on the sale of a property portfolio in Frederiksstaden

Plesner has advised PATRIZIA on the sale of PATRIZIA Royal ApS and thereby its property portfolio consisting of 99 residential commonhold units and 56 parking spaces. The property portfolio is located on Dronningens Tværgade, situated in central Copenhagen, Denmark. The purchaser is an undisclosed foreign investor represented by Catella Investment Management.

Highlight  -  08.04.2021

Novo Holdings, Sampension and European Energy establish investment fund

Novo Holdings, Sampension and European Energy have invested in aggregate 650 million DKK in a new investment fund, Renewable Energy Partnership I, managed by European Energy. The purpose of the investment fund is to purchase land areas in Denmark and Sweden, which shall serve as housing for onshore wind and solar energy parks. Through debt financing, the fund may invest more than 1.5 billion DKK. Plesner advised European Energy on the establishment of the investment fund.

Highlight  -  06.04.2021

Plesner advises Trustpilot in connection with listing on the London Stock Exchange

On 26 March 2021, Trustpilot, the Danish online consumer review platform, was admitted to trading and official listing on the London Stock Exchange. Plesner advised Trustpilot on the Danish aspects of the listing and the preceding restructuring of the group in connection with the formation of a new parent company for the group in the UK. 

Highlight  -  29.03.2021

Plesner assists LEO Foundation and LEO Pharma in connection with EUR 450 million investment by Nordic Capital

Plesner has advised the LEO Foundation and LEO Pharma in connection with Nordic Capital's EUR 450 million investment in LEO Pharma. The partnership of the LEO Foundation and Nordic Capital and the investment shall further strengthen and support LEO Pharma's position as a global leader in medical dermatology. 

Highlight  -  23.03.2021

Dismissal of case due to lack of jurisdiction in Denmark

In a case instituted by Garantifonden for Skadeforsikringsselskaber (the “Guarantee Fund”) against an insurance broker, a reinsurance company and an insurance company in bankruptcy, which were all foreign, the issue of jurisdiction had been tried and heard separately. The three defendants claimed dismissal of the case, pleading that the Danish courts did not have jurisdiction to hear the claims.

By a judgment of 18 January 2021, the Eastern High Court set the case down for a hearing on the merits against one of the defendants but dismissed the case against the two other defendants, the reinsurance company (Barbican Speciality Reinsurance) and the insurance company, due to lack of jurisdiction. The judgment has not been appealed to the Supreme Court. Plesner advised Barbican on the matter. 

Highlight  -  22.03.2021

Tryg Forsikring issues SEK 1bn Restricted Tier 1 capital notes

Plesner assisted Denmark’s largest insurance company, Tryg Forsikring, with a SEK 1bn issue of capital notes, so-called Restricted Tier 1 capital. The notes were primarily sold to Scandinavian asset managers and pension funds.

Highlight  -  01.03.2021

Capidea invests in Maki

The Danish private equity fund Capidea has entered into an agreement to acquire a controlling shareholding in Maki Investment ApS (and thereby indirectly in Maki A/S). Maki is the largest distributor of toys and games in the Nordic region. Plesner acted as lead counsel for Capidea.

Highlight  -  26.02.2021

Danish distributor group successful in landmark transfer pricing case before the Danish National Tax Tribunal

On 28 October 2020, the Danish National Tax Tribunal ruled in favour of a Danish distributor group in a landmark transfer pricing case regarding the income years 2010-2012. The case was conducted by Plesner.

Highlight  -  22.02.2021

REinvent is first Danish enterprise to benefit from the European Investment Fund's Cultural and Creative Sectors Guarantee Facility

As the first in Denmark, the production company REinvent Studios, a packaging, financing and sales studio for Danish films and TV series, has entered into a EUR 26m guarantee facility agreement with the European Investment Fund (“EIF") under EIF's new Cultural and Creative Sectors Guarantee Facility. Plesner represented EIF in the negotiations concerning the facility.

Highlight  -  05.02.2021

Payment services provider Yourpay authorised as payment institution

Plesner assisted Danish card acquirer and payment gateway Yourpay in obtaining authorisation as a payment institution. Plesner’s services included drafting of compliance documentation, extensive fit and proper approvals, advising on capital base and capital requirements as well as detailed discussions with the Danish Supervisory Authority.

Highlight  -  03.02.2021

Plesner has assisted Zealand Pharma A/S with a successful equity raise

Plesner has assisted our long-time client Zealand Pharma with an equity raise of approximately DKK 749 million through a directed issue and private placement of new ordinary shares. The equity raise qualifies as the largest equity raise Zealand Pharma has ever completed.

Highlight  -  29.01.2021

Shell refinery sold to US private investment company

US private investment company Postlane Partners has acquired A/S Dansk Shell and takes over the oil refinery and the marine terminal in Fredericia.

Highlight  -  25.01.2021

Plesner advises NREP and Reitan on sale of the Vogterhuset property in Odense to Aberdeen

Plesner has advised NREP and Reitan on the sale of a joint venture company owning the 25,000 sqm residential and commercial property in Odense known as Vogterhuset. The buyer is a Danish company controlled by Aberdeen Standard Pan-European Residential Property Fund and administered by Aberdeen Standard Investments.

Highlight  -  19.01.2021

REInvest Asset Management and DEREIF Copenhagen V ApS acquire 3 buildings in the Carlsberg City District

Plesner has advised REInvest Asset Management and DEREIF Copenhagen V ApS on the purchase of Mineral Water House, Mineral Water Factory and Theodora House situated in the high-end development area, Carlsberg City District, in the heart of Copenhagen, Denmark.

The seller is Carlsberg Byen, a property company ultimately owned by Carlsberg Breweries and three Danish pension funds, PFA Pension Forsikringsaktieselskab, Pensam Liv Forsikringsaktieselskab and Topdanmark Livsforsikring A/S. 

Highlight  -  13.01.2021

Unifaun and Consignor announce merger agreement

Unifaun, a leading Stockholm-based cloud Transport Administration Systems (“TAS”) platform, and Consignor, an Oslo-based cloud TAS platform, have entered into a definitive merger agreement. Plesner acted as lead counsel for Marlin Equity Partners, Unifaun’s majority owner, on the transaction.

Highlight  -  08.01.2021

Envases Europe acquires HUBER Packaging Group in Germany

Envases Europe A/S, part of the Envases Group, a leading global producer of food packaging, has entered into an agreement to acquire HUBER Packaging Group, a producer of metal and plastic packaging in Central Europe. Plesner acted as the lead counsel for Envases Europe A/S. 

Highlight  -  23.12.2020

FSN Capital to acquire a large minority stake in Obton Group

The leading private equity firm, FSN Capital, has signed an agreement to acquire a 45% stake in Obton Group and enter into a partnership with the founders and management. Obton Group is an alternative investment provider and one of Europe's largest solar energy managers. Plesner acted as lead counsel for FSN Capital.

Highlight  -  16.12.2020

Advent International sells Faerch Group to A.P. Møller Holding

Faerch Group, the Danish-based manufacturer of sustainable trays for the global food industry with subsidiaries in five European countries and more than 1,400 employees, has been acquired by A.P. Møller Holding from Advent International. Plesner has acted as lead counsels for Advent International on all legal matters connected with the transaction.

Highlight  -  15.12.2020

Commercial Real Estate Denmark P/S sells property comprising residential, retail and office space in Østerbro

Plesner advised Commercial Real Estate Denmark P/S ("CRED") on the sale of a large property comprising residential, retail and office space in Østerbro in Copenhagen. The buyer is a property company owned by the Danish pension and life insurance provider PenSam.

Highlight  -  11.12.2020

Danish Supreme Court finds that fee for commercial waste disposal was levied unlawfully

According to today’s judgement, the administrative fee for commercial waste disposal levied by Danish municipalities from 2010 to 2018 on undertakings which did not produce waste was unlawful. The fee was levied on approximately 300,000 undertakings.

Highlight  -  07.12.2020

Lessee's improvements considered permanent in spite of an obligation to restore premises

In a case between a lessor and a lessee, the Danish Eastern High Court found that improvements of leased premises carried out by the lessee should be disregarded and that such improvements can be considered to be permanent, even if the lessee has an obligation to restore the premises on vacation. 

Highlight  -  30.11.2020

Ineos acquires Spirit Energy in Denmark

Ineos acquires Spirit Energy in Denmark and takes over 40% of the ownership of the Hejre license and 30% of the Solsort license. 

Highlight  -  20.11.2020

Plesner advises Tryg in possible acquisition of RSA together with Canadian Intact

Tryg A/S has together with Canadian Intact submitted a recommended cash offer of about DKK 60 billion for British RSA, which inter alia owns Swedish Trygg-Hansa as well as Danish and Norwegian Codan. If the transaction is completed, Tryg will acquire Trygg-Hansa and Codan in Norway, making Tryg the largest P&C insurance company in Scandinavia. Plesner is acting as advisor for Tryg in connection with the transaction. 

Highlight  -  18.11.2020

Faerch acquires Sirap food packaging business in Italy, Poland and Spain

Faerch A/S with headquarter in Denmark will acquire the Sirap food packaging business headquartered in Italy but with business units and production sites Italy, Poland and Spain in a carve out from the Sirap group. The acquired business employs approx. 1,000 employees. Plesner has acted as lead counsels on all legal matters connected with the transaction.

Highlight  -  06.11.2020

Copenhagen Airports A/S and Netcompany A/S have formed a joint venture to develop and market innovative digital airport platform

On 9 October 2020, Copenhagen Airports A/S and Netcompany A/S have formed a joint venture for the development and marketing of an innovative digital platform for airport management able to meet the requirements for efficient and sustainable airport operations. 

Highlight  -  15.10.2020

Plesner advises Hines on the acquisition of the iconic office building Portland Towers

Plesner has advised Hines on the purchase of the iconic office building Portland Towers situated in the high-end development area, North Harbour, in Copenhagen, Denmark. The seller is a property company owned by ATP Ejendomme, PensionDanmark Ejendomme og PFA Ejendomme.

Highlight  -  15.10.2020

Plesner advises Lundbeck on EMTN bond programme and debut issue

The global pharmaceutical company H. Lundbeck A/S has just established an EMTN bond programme and a debut issue under the programme.

Highlight  -  08.10.2020

Plesner successfully assist in upholding fit & proper status of senior management member

On 6 October 2020, the board of directors of the Danish FSA decided to uphold the fit & proper status of a senior management member holding positions in several financial undertakings. This is the second time within a short period Plesner successfully assists a senior management member of a financial undertaking in demonstrating that the person meets the requirements to be considered fit & proper in a matter of principle importance before the board of directors of the Danish FSA.

Highlight  -  07.10.2020

Orphazyme A/S US IPO

The Danish biotech company Orphazyme A/S listed on Nasdaq Copenhagen A/S has completed a global offering, which included an initial public offering of American Depositary Shares on the Nasdaq Global Market in the United States and an European private placement of ordinary shares. Orphazyme A/S has raised DKK 535 million as part of the global offering.

Highlight  -  02.10.2020

Former employee wrongfully applied for a patent and exploited employer's trade secrets

The Maritime and Commercial High Court has just decided a leading case; ruling on a number of issues relating to intellectual property. The court decision specifies what it takes to constitute proper notification by an employee to an employer about an invention. Additionally, the decision addresses whether the employee exploits the employer's trade secrets by applying for a patent, and what it means if the employer itself decides to make the trade secrets public at a later point. Plesner represented the employer in the trial.

Highlight  -  15.09.2020

Plesner represents European Energy A/S on new hybrid green bonds

Plesner represents European Energy A/S on its issuance of new hybrid green bonds and concurrent written procedure to amend the terms and conditions of its existing senior secured green bonds.

Highlight  -  10.09.2020

Nordic Capital acquires Siteimprove

Nordic Capital has acquired 70% of the shares in the Danish software firm, Siteimprove, from the brothers Morten and Niels Ebbesen and the private equity fund Summit Partners. Plesner has been lead counsel to Nordic Capital in connection with the transaction.

Highlight  -  04.09.2020

Marlin Equity Partners acquires Unifaun

Marlin Equity Partners has acquired Swedish software provider Unifaun from Vetruvian Partners. Plesner acted as lead counsel for Marlin Equity Partners on the transaction.

Highlight  -  27.08.2020

Sustainable nursing home gets new international investor as owner

Scandinavian Property Development A/S sells a privately built nursing home to Northern Horizon. Plesner has assisted Scandinavian Property Development A/S.

Highlight  -  26.08.2020

Trade secrets exploited by competitor

The Commercial and Maritime High Court has just handed down a decision in a case regarding abuse of trade secrets. The Court found that the Danish company Emco had abused the Finnish company Valmet's trade secrets.
Plesner represented Valmet.

Highlight  -  24.08.2020

Fibia enters into new contractual framework for fibre wholesale network - Nuuday is first service provider

Fibia has opened its fibre network and has entered into the first wholesale agreement with Nuuday. Due to the wholesale agreement all customers on Fibia's network will be able to choose products from Nuuday from the beginning of the new year. The new collaboration will provide 500,000 families and businesses with new opportunities for delivery of broadband. Plesner advised Fibia on the drafting of the wholesale agreement and was also involved in the negotiations between Fibia and Nuuday.

Highlight  -  20.08.2020

Plesner provides advice to LB Forsikring A/S on the sale of 6 headquarter properties in the city centre of Copenhagen

LB Forsikring A/S and the property company Jeudan A/S have entered into an agreement regarding the sale of a portfolio of properties with a collective value of more than DKK 400 million. The portfolio comprises six properties that previously housed the LB group's headquarters.

Highlight  -  20.08.2020

ECCO successful in landmark transfer pricing case before the Danish Western High Court

On 2 July 2020 the Danish Western High Court ruled in favour of ECCO Sko A/S (ECCO) in a landmark transfer pricing case and set aside the Danish tax authorities' discretionary increase of the company's taxable income for the income year 2005. The case was conducted by Plesner.

Highlight  -  06.08.2020

Plesner assists UNION therapeutics A/S in acquisition of compound series from LEO Pharma A/S

On 21 July 2020, UNION therapeutics announced the acquisition of the global rights for the LEO PDE4 inhibitor compound series, a series of PDE4 inhibitors discovered by LEO Pharma.

Plesner assisted UNION therapeutics in connection with the acquisition of the compound series, which after the transaction is to be re-named UNI500.

Highlight  -  27.07.2020

Plesner advises Nuveen Real Estate on its first investment in Denmark

Nuveen Real Estate has entered into an agreement with Bach Gruppen for the purchase of a project of approximately 15,000 sqm comprising 390 flats suitable for students, a fitness centre and a café located in the area called Bryggens Bastion close to Islands Brygge in Copenhagen. The project is under construction and is expected to be completed during the second half of 2022. The development will also comprise a day-care centre for the municipality of Copenhagen and an underground car park.

Highlight  -  17.07.2020

Capidea sells FlexoPrint to Optimum Group

The private equity fund Capidea sells the portfolio company FlexoPrint to the Dutch Optimum Group, which is backed by IK Investment Partners. The sale of FlexoPrint is Capidea's first exit in Capidea's latest fund. Plesner advised Capidea on the acquisition in 2018 and has now advised Capidea in connection with the successful sale.

Highlight  -  14.07.2020

2E Group sells 148 sustainable homes to NREP

Plesner advised 2E Group in connection with the conclusion of agreements on the transfer of 148 homes in Egedal Stationsby.

Highlight  -  14.07.2020

Plesner assists Joint Global Coordinators in connection with a rights issue in Bang & Olufsen A/S

Bang & Olufsen has today completed a fully underwritten rights issue of DKK 409 million. Plesner assisted Carnegie Investment Bank and Nordea in connection with the transaction.

Highlight  -  01.07.2020

Novozymes acquires Irish-based PrecisionBiotics Group

Danish listed company Novozymes A/S has acquired the Irish based PrecisionBiotics Group to advance Novozymes' activities in the area of biological solutions for human oral and gut health - one of the growth pillars in Novozymes' strategy 'Better business with biology'. Plesner has advised Novozymes on the acquisition in collaboration with Arthur Cox.

Highlight  -  29.06.2020

NH Hotel Group enters into lease with ATP Real Estate

Plesner assisted NH Hotel Group in negotiating and entering into a hotel lease for the property known as "Ørkenfortet" (the "desert fortress") located at Strandgade 7 in Copenhagen and owned by ATP Real Estate.

Highlight  -  23.06.2020

Plesner assisted Zealand Pharma with a successful equity raise

Plesner has assisted our long-time client Zealand Pharma A/S with an equity raise of approximately DKK 657 million through a directed issue and private placement of approximately 2.68 million new ordinary shares.

Highlight  -  19.06.2020

Volkswagen Semler Finans Danmark A/S enters into implementation and operation agreement with Banqsoft AS

Volkswagen Semler Finans Danmark A/S has entered into an agreement concerning implementation and operation of an important IT solution from the software company Banqsoft AS. The solution is crucial for the ambition of Volkswagen Semler Finans Danmark A/S to become the leading supplier of financing solutions for the automotive industry in Denmark. Plesner has assisted Volkswagen Semler Finans Danmark A/S throughout the process. 

Highlight  -  04.06.2020

Nicace Holding sells a large minority stake in APC Forsikringsmæglere

Through his holding company Nicace Holding, founder and CEO of APC Forsikringsmæglere Peter Lindblad has agreed to sell a substantial minority shareholding in APC to Söderberg & Partners. Prior to the sale to Söderberg & Partners, Nicace Holding acquired, in a separate transaction, the shareholding of the former minority owner APC Partner 1. Plesner advised Nicace Holding on both transactions.

Highlight  -  14.05.2020

State-guaranteed EUR 400m coronavirus financing

One of Denmark's largest state-guaranteed coronavirus financings so far has fallen into place. Plesner advised an international syndicate of banks represented by Nordea in connection with the establishment of a new EUR 400m credit facility for Pandora A/S.

Highlight  -  05.05.2020

Templafy raises USD 25M to accelerate global expansion

Danish software company Templafy has raised USD 25 million to further accelerate its global expansion. Plesner advised Templafy in connection with the raising of capital.

Highlight  -  29.04.2020

VP Securities sold to Euronext

The Danish Central Bank (Nationalbanken), Danske Bank, Nykredit, Nordea and Jyske Bank have agreed to sell their shares in VP Securities to the pan-European exchange and market infrastructure group, Euronext. Euronext will acquire approx. 70% of the shares in VP Securities. Plesner has advised the Danish Central Bank, Danske Bank, Nykredit, Nordea, Jyske Bank, Jyske Realkredit and LR Realkredit in relation to the transaction.

Highlight  -  24.04.2020

Orange Investment Managers acquires parking facility in Copenhagen

Orange Investment Managers completes another investment in Copenhagen on behalf of a European fund under Catella Real Estate AG focusing on parking facilities. Plesner advised Orange Investment Managers on the transaction.

Highlight  -  08.04.2020

Symphogen sold to Servier

The French international pharmaceutical company Servier has entered into an agreement to buy the biotech company Symphogen. Plesner has advised the sellers of Symphogen in relation to the transaction.

Highlight  -  03.04.2020

Yokogawa acquires Grazper Technologies

Japanese listed company Yokogawa Electric Corporation has just acquired the Danish software company Grazper Technologies. Plesner has advised Yokogawa on the transaction.

Highlight  -  26.03.2020

NREP and By & Havn sell development company to PFA

NREP and By & Havn, joint owners of development company RetReal NSF Nordhavn 1 P/S (Nordhavn P/S), sell Nordhavn P/S to Danish pension provider PFA. Plesner advised NREP on the transaction.

Highlight  -  03.02.2020

Preliminary injunction against the veterinary drug Forceris

By a ruling of 3 January 2020, Bayer has obtained a preliminary injunction from the Maritime and Commercial High Court against the sale, use and possession of Ceva's veterinary drug Forceris. Plesner represented Bayer in the trial.

Highlight  -  24.01.2020

Patrizia sells Galleri K in Copenhagen

German property investor Patrizia has sold the attractive property Galleri K centrally located in the pedestrian street "Strøget" in the city centre of Copenhagen. Plesner advised Patrizia on the transaction.

Highlight  -  22.01.2020

Europa Capital and Keystone Investment Management sell yet another residential property

Property investors Europa Capital and Keystone Investment Management A/S have, for the second time in a month, sold a newly built, fully let residential property to German property investor Patrizia. Plesner advised Europa Capital and Keystone Investment Management on the transaction.

Highlight  -  19.12.2019

Infranode invests in development of Northern Europe's largest solar park

The Swedish infrastructure fund, Infranode, has completed its first energy investment in Denmark for development of the largest solar park to date in Northern Europe. 

Highlight  -  13.12.2019

FSN Capital sells Fitness World to PureGym

FSN Capital and other shareholders in Fitness World have sold 100% of the shares in the leading fitness provider to PureGym. Plesner has advised the sellers in connection with the transaction.

Highlight  -  12.12.2019

Veloxis receives tender offer from Asahi Kasei Group

Following a structured process, Veloxis Pharmaceuticals A/S ("Veloxis"), a company listed on Nasdaq Copenhagen, today entered into a transaction agreement with Asahi Kasei Pharma Denmark A/S ("Asahi Kasei") about Asahi Kasei's recommended conditional voluntary public offer to purchase all issued and outstanding shares and warrants in Veloxis. The board of directors of Veloxis has unanimously recommended that the shareholders accept the offer from Asahi Kasei. Plesner advised Veloxis in connection with the transaction.

Highlight  -  25.11.2019

Europa Capital and Keystone sell newly built residential property

Property investors Europa Capital and Keystone have just sold a large newly built residential property in Valby to German property investor Patrizia. Plesner advised Europa Capital and Keystone on the transaction.

Highlight  -  18.11.2019

Novo Holdings, Nordic Capital and Astorg to invest in ERT

The private equity group Astorg invests in eResearch Technology Inc. ("ERT") and will enter as a partner alongside existing owners Novo Holdings A/S, Nordic Capital, and the ERT management team.  Plesner has advised Novo Holdings A/S in relation to the transaction.

Highlight  -  24.10.2019

Harpun wins case against Knudsen Kilen about the design of mountings

Harpun can still sell its mountings for the building in and refitting of windows. That is the result of the Maritime and Commercial High Court's decision on the matter on 9 September 2019.

Harpun wins case against Knudsen Kilen about the design of mountings  -  18.10.2019

Templafy obtains DKK 80m new capital in the form of Venture Debt

The Danish software company Templafy has obtained commitments for in total DKK 80m Venture Debt from Vækstfonden and Danske Bank. Plesner represented Templafy on the transaction.

Highlight  -  16.10.2019

Plesner advises on Denmark's first Corporate Power Purchase Agreements

Plesner has over a long period of time been involved in negotiating the first Corporate PPAs in Denmark based on renewable onshore energy sources. The purpose of Corporate PPAs is to enter into agreements on fixed energy prices and reduce the carbon foot print of the corporation (the purchaser) at the same time by contributing to investment in and production of renewable energy.

Highlight  -  03.10.2019

Niam acquires Copenhagen Towers in the largest real estate deal of the year

Niam, the Swedish private property owner, has acquired Copenhagen Towers in Ørestad (Copenhagen) from Solstra Capital Partners at a price of approximately DKK 2.3bn. Plesner advised Niam in connection with the transaction.

Highlight  -  26.09.2019

Ørsted is again acquitted of the Danish competition authorities' claim of abuse

The claims against Elsam (now Ørsted) of alleged excessive pricing and abuse of a dominant position in Western Denmark have now been completely dismissed. Accordingly, the cases between Elsam and the Danish competition authorities have been concluded. Plesner represented Elsam.

Highlight  -  25.09.2019

Plesner acts for Lundbeck on DKK 13.2bn credit facilities

Plesner has acted for pharmaceuticals company H. Lundbeck A/S on two recent credit facilities with an aggregate amount of approximately DKK 13.2bn. Part of the facilities will be applied to finance Lundbeck's acquisition of US biopharmaceuticals company Alder BioPharmaceuticals Inc. announced on 16 September 2019.

Highlight  -  17.09.2019

Ferrero acquires Kelsen Group

Ferrero-owned CTH Invest SA has agreed to acquire the Kelsen Group from Campbell Soup Co for USD 300m. Davis Polk & Wardwell and Plesner represented CTH Invest SA in connection with the acquisition.

Highlight  -  06.08.2019

Mono Solutions joins Bauer Media Group

Danish software provider Mono Solutions has entered into an agreement with Bauer Media Group to join the international media group. Plesner acted as adviser to Mono Solutions in connection with the sale.

Highlight  -  05.08.2019

Aleris sold to Triton

Healthcare provider Aleris has been sold to Triton for EUR 264m. Plesner advised Aleris and its owner Investor AB on the transaction.

Highlight  -  15.07.2019

A.P. Møller Holding A/S acquires KK Wind Solutions

A.P. Møller Holding A/S has acquired 100% of the share capital in KK Group A/S from Solix Group AB. Plesner advised A.P. Møller Holding A/S on the transaction.

Highlight  -  11.07.2019

European Energy issues EUR 140m green bonds

European Energy A/S has successfully completed an issuance of EUR 140,000,000 senior secured green bonds due 2023 at a floating interest rate of EURIBOR (3 months) plus 5.35%. 

Highlight  -  08.07.2019

L Catterton sells SteelSeries to Axcel

L Catterton, the largest and most global consumer-focused private equity firm, has entered into a definitive agreement to sell SteelSeries, the leading global gaming platform, to the Nordic private equity firm Axcel. The founder, Jacob Wolff-Petersen, and management will re-invest alongside Axcel. Plesner has acted as lead legal counsel to the sellers and has assisted L Catterton and management with all legal aspects of the transaction.

Highlight  -  02.07.2019

Maus Frères acquires the Danish distributor of GANT

Maus Frères S.A. has concluded an agreement with the Danish distributor of the Gant clothing brand to acquire the company which owns the rights to distribute Gant in Copenhagen. Plesner advised Maus Frères S.A. on the transaction.

Highlight  -  01.07.2019

EMK Capital acquires Covidence

UK equity firm EMK Capital has agreed to acquire Covidence, a global technology leader in surveillance technology, from private equity firm Montagu. Plesner acted as advisor to EMK Capital.

Highlight  -  28.05.2019

Templafy acquires iWRITER

Danish template management software company Templafy has acquired Netherlands-based iWRITER. Plesner acted as lead counsel for Templafy on the transaction.

Highlight  -  07.05.2019

Capidea sells OPTIWARE to Aptean

Capidea has recently agreed to sell software provider OPTIWARE to US-based Aptean. Plesner advised Capidea in connection with the transaction.

Highlight  -  06.05.2019

Marlin Equity Partners acquires Puzzel

Marlin Equity Partners has acquired Norwegian software provider Puzzel AS from Herkules Private Equity. Plesner acted as lead counsel for Marlin Equity Partners on the transaction.

Highlight  -  06.05.2019

The National Tax Tribunal Reduces the Danish Tax Agency's Increase by 91 % in a New Transfer Pricing Ruling

The National Tax Tribunal has ruled in yet another case regarding transfer pricing and has reduced the Danish Tax Agency's increase of the taxable income by almost DKK 3.8 bn. corresponding to 91 %. Plesner represented the companies in the case. 

Highlight  -  11.04.2019

GRO Capital invests in Adform

Danish private equity fund GRO Capital has agreed to become a shareholder in software company Adform. Plesner advised GRO Capital on the transaction.

Highlight  -  09.04.2019

Teva is successful in patent case about multiple sclerosis drug

Teva has been successful in its application for a preliminary injunction against the sale of a generic drug marketed by pharmaceutical company Mylan. Plesner represented Teva during the legal proceedings.

Highlight  -  05.04.2019

Maersk's light blue colour is registered as a trademark

A.P. Møller - Mærsk A/S (Maersk) has now obtained a Danish trademark registration for the colour 'Pantone Maersk Blue' in class 39 for "sea freight transport". The trademark is a so-called colour trademark which means that the colour as such enjoys protection under the Danish Trademark Act. Plesner represented Maersk in the case.

Highlight  -  15.03.2019

Temasek acquires 30% of Haldor Topsøe

Global investment company Temasek has signed an agreement with the Topsøe family to purchase 30 % of the shares in Haldor Topsøe A/S. Plesner assisted Temasek with the transaction.

Highlight  -  15.03.2019

Teracom A/S completes DKK 460m mortgage financing of communications infrastructure

Plesner has acted for Teracom A/S in connection with a DKK 460m mortgage financing provided by Nykredit. The mortgage loan is secured on Teracom's nationwide communications infrastructure composed of fibre-optic cables as well as communications masts and satellite arrays.

Highlight  -  05.03.2019

MobilePay's well-known "sent" confirmation sound registered as a sound trademark

The Danish Patent and Trademark Office has approved MobilePay's digital "sent" confirmation sound as the first Danish MP3 sound trademark. Registration of digital sound files as trademarks has become possible after the new Danish Trademarks Act came into force on 1 January 2019. Plesner assisted MobilePay with the registration of the trademark.

Highlight  -  28.02.2019

Eli Lilly wins erectile dysfunction patent case

The Danish Maritime and Commercial High Court has granted Eli Lilly a preliminary injunction against a medicinal product marketed by the pharmaceutical company Mylan. Plesner assisted Eli Lilly in the case.

Highlight  -  12.02.2019

APC Forsikringsmæglere A/S establishes EUR 35m loan

Plesner has acted for APC Forsikringsmæglere A/S and its majority shareholder Nicace Holding ApS in connection with the establishment of a EUR 35m loan facility for i.a. operating expenditure. The facility has been made available by the Muzinich Pan-European Private Debt Fund.

Highlight  -  18.01.2019

TDC completes repricing of EUR 1.9bn term loan

TDC announced today that the company has successfully completed a repricing of its outstanding EUR term loan B facility (the "TLB").

Highlight  -  07.12.2018

Greenland passes decision to launch the country's largest infrastructure investment ever

On 15 November 2018 a majority in Inatsisartut, the parliament of Greenland, passed an act setting out the framework conditions for the construction, operation and financing of Greenland's largest infrastructure investment ever - the construction of three international airports in Ilulissat, Nuuk and Qaqortoq.

Highlight  -  20.11.2018

Agilitas acquires Teracom Danmark

Private equity fund Agilitas has just signed an agreement to acquire Teracom Danmark, a leading Danish independent network operator. Plesner advised Agilitas on the transaction.

Highlight  -  30.10.2018

Historic competition law case finally concluded

The Danish Competition Council is not granted leave to appeal case on alleged excessive pricing to the Danish Supreme Court. Accordingly, the case has been finally concluded with the judgment of 24 May 2018 by the High Court of Western Denmark, which found in favour of Ørsted. Plesner represented Ørsted in the matter.

Highlight  -  25.10.2018

Bjørn Wiinblad Foundation wins licence agreement case

The Danish Eastern High Court has found in favour of the foundation of the late Danish artist and illustrator Bjørn Wiinblad (Bjørn Wiinblads Fond) in a matter concerning the interpretation of a more than 20 year-old licence agreement. The High Court found in favour of Bjørn Wiinblads Fond, ruling that the termination of a licence agreement by the foundation had been valid, thus commuting a decision by the Copenhagen Maritime and Commercial High Court of 2017. Plesner represented the foundation in the case.

Highlight  -  02.10.2018

OW Bunker estates in bankruptcy win leading case concerning collateral security

The Danish Maritime and Commercial High Court on 29 August 2018 announced its decision in a leading case concerning the estates in bankruptcy of OW Bunker. Two of the estates in bankruptcy succeeded in their claims that the cases concerning collateral security provided by ING Bank and a number of other banks are to be decided in accordance with Danish law.

Highlight  -  29.08.2018

Nordic Capital sells Unifeeder to DP World

Nordic Capital has sold Unifeeder, the largest pan-European feeder and growing shortsea operator, to DP World for EUR 660 million. Plesner has advised Nordic Capital in all legal aspects of the transaction.

Highlight  -  07.08.2018

Færch Plast acquires recycler 4PET Group

Plesner advised Færch Plast, a leading plastic packaging supplier to the food industry, in connection with the acquisition of the controlling interest in 4PET Group, a leading European material specialist for PET sheets and food-grade recycling.

Highlight  -  26.07.2018

Brunata acquired by Minol

Danish cleantech business Brunata has been acquired by German Minol for around DKK 600 million. Plesner assisted Brunata with all legal aspects of the sale.

Highlight  -  12.07.2018

Saxo Payments Banking Circle sold to EQT

The global online cross-border payments services provider, Saxo Payments Banking Circle, has been sold to funds managed by EQT. Plesner has acted as lead legal counsel to management, founders and a group of other investors in all legal aspects of the transaction.

Highlight  -  09.07.2018

Equinor acquires Danske Commodities

Equinor has reached an agreement with Lind Invest and other sellers to buy Danish energy trading company Danske Commodities for EUR 400 million plus additional performance-related payment. The agreement is subject to a number of conditions, including approval from the European Commission.

Highlight  -  06.07.2018

Nordjyske Bank to merge with Ringkjøbing Landbobank

In continuation of a takeover offer from Jyske Bank, Nordjyske Bank has decided to merge with Ringkjøbing Landbobank. Plesner advised Nordjyske Bank throughout the process.

Highlight  -  11.06.2018

Netcompany is listed

On 7 June 2018 Danish IT consultancy company Netcompany has been admitted to trading and official listing on Nasdaq Copenhagen. Plesner advised Netcompany on the IPO, and Plesner's team are very proud to have been working together with Netcompany.

Highlight  -  07.06.2018

Schultz successful in case instituted by Karnov about the use of UfR numbers

Schultz may still allow searches for and identification of judgments in its law reports by use of the so-called UfR numbers. This was the decision reached by the Danish Maritime and Commercial High Court in a case between Karnov Group Denmark A/S and J.H. Schultz Information A/S. Plesner represented Schultz in the case.

Highlight  -  04.06.2018

Axcel invests in GUBI A/S

Axcel has entered into an agreement to invest in the successful Danish design company GUBI, which designs and sells furniture, lamps and other interior design products worldwide. Plesner has assisted Axcel with all legal aspects of the investment in GUBI.

Highlight  -  29.05.2018

Ørsted prevails in historic competition law case

In its judgment of 24 May 2018, the High Court of Western Denmark found in favour of Ørsted A/S in a historic case regarding alleged excessive pricing. Plesner represented Ørsted in the matter.

Highlight  -  24.05.2018

Sivantos and Widex to merge

Leading hearing aid companies Sivantos and Widex will be merging. EQT funds, owners of Sivantos, and the Tøpholm and Westermann families, owners of Widex, have agreed terms to merge the two companies. Freshfields Bruckhaus Deringer and Plesner acted together as counsels for EQT and Sivantos.

Highlight  -  16.05.2018

Consortium announces the completion of TDC-takeover

DK Telekommunikation ApS, a company controlled by a consortium comprising PFA, PKA, ATP and Macquarie Infrastructure and Real Assets has announced that the recommended public takeover offer to the shareholders of TDC A/S has been accepted, and the offer will be completed. Plesner has advised the consortium in relation to the takeover offer, including the financing.

Highlight  -  05.04.2018

Orkla acquires Danish pizza chain Gorm's

Orkla Foods Denmark A/S has acquired 67% of the shares in the Danish restaurant chain Gorm's specialising in gourmet pizzas. Plesner assisted Orkla with the transaction.

Highlight  -  14.03.2018

A.P. Møller - Mærsk A/S successful in trademark case about star logo

On 31 January 2018 the Danish Eastern High Court found in favour of A.P. Møller - Mærsk A/S in a trademark case against the company World Wide Traffic ApS about an infringement of A.P. Møller - Mærsk A/S' seven-pointed star logo. The new decision upholds the Danish Maritime and Commercial High Court's decision from 2016. Plesner conducted the case on behalf of A.P. Møller - Mærsk A/S.

Highlight  -  31.01.2018

Eli Lilly wins cancer patent case

The Maritime and Commercial High Court has granted Eli Lilly a preliminary injunction against a medicinal product marketed by the pharmaceutical company Fresenius Kabi. Plesner assisted Eli Lilly in the case.

Highlight  -  21.12.2017

45% of the share capital in Nordea Liv & Pension sold to customers

Nordea Life Holding AB has sold 45% of the share capital in its life-and-pension business Nordea Liv & Pension to Foreningen Norliv representing the customers of Nordea Liv & Pension. This means that the customers have taken over the majority stake. Plesner assisted Nordea Life Holding AB with the transaction.

Highlight  -  21.12.2017

Orkla Foods Danmark sells K-Salat to Stryhns

Norwegian-owned Orkla Foods Danmark A/S has sold food producer K-Salat to Stryhns A/S. Plesner assisted Orkla Food Danmark A/S with the transaction that was completed on 1 December 2017.

Highlight  -  06.12.2017

Judgment of general public importance concerning the effective date for tax purposes of a merger

Two Danish companies were successful before the Danish Eastern High Court in a case of general public importance concerning the effective date for tax purposes of cross-border intra-group mergers. The companies' Danish taxable income was consequently reduced by more than DKK140m. Plesner conducted the case on behalf of the companies.

Highlight  -  28.11.2017

Danish biotech companies launch IPOs

The biotech company Orphazyme A/S has just been listed at Nasdaq Copenhagen, and Zealand Pharma A/S was listed on the Nasdaq Global Select Market in the United States in August. Plesner assisted both companies with their IPOs and thus reinforces its position as Denmark's leading advisor as regards initial public offerings of biotech companies in Denmark and abroad.

Highlight  -  17.11.2017

STARK sold to US private equity firm

Ferguson plc, a world-leading plumbing and heating supplier, has agreed to sell building materials chain STARK to a US private equity firm in a deal worth around DKK 7.7bn. Plesner assisted Ferguson with the transaction.

Highlight  -  10.11.2017

Axcel invests in Mountain Top Industries

The Danish private equity firm Axcel has concluded an agreement to acquire a controlling interest in Mountain Top Industries, one of the world's leading producers of pickup truck accessories. Plesner assisted Axcel with the transaction.

Highlight  -  01.11.2017

Netcompany acquires UK's fastest growing IT company

The Danish IT consulting firm Netcompany has completed its largest acquisition to date by acquiring the British IT company Hunter Macdonald. Plesner has assisted Netcompany with the newly closed transaction.

Highlight  -  27.10.2017

The University of Copenhagen and Microsoft enter into new collaboration on quantum research

The University of Copenhagen has entered into a new collaboration agreement with Microsoft Corporation on the development of a quantum computer. Plesner assisted the University of Copenhagen with the conclusion of the agreement.

Highlight  -  14.09.2017

Lundbeck sells parts of its headquarters

Plesner assisted Lundbeck with the sale of approximately 33,000 sqm office buildings in Valby. 

Highlight  -  05.09.2017

Dismissal of 62-year old teacher did not constitute discrimination

In a decision of 9 August 2017, the Board of Equal Treatment established that the dismissal of a 62-year old teacher did not constitute discrimination on the grounds of age. The board found it proven that the teacher's competence profile could best be dispensed with in connection with the educational institution's forward-looking need to cover lessons with a reduced number of teachers.

Highlight  -  11.08.2017

GlobalConnect completes first mortgage financing of utilities infrastructure

Plesner has acted for GlobalConnect A/S in connection with the completion of a DKK 1.2bn mortgage financing of the Danish part of the company's fiber network; the mortgage financing is provided by Nordea, Nykredit and Realkredit Danmark.

Highlight  -  26.07.2017

GlobalConnect acquires fibre net provider Nianet

Global Connect has entered into an agreement to acquire Nianet, the Danish electricity companies' joint fibre net provider. Plesner advised GlobalConnect and its principal shareholder EQT on the transaction.

Highlight  -  30.06.2017

Danish Supreme Court: Danish tax authorities may refuse deduction for part of salary with retroactive effect

The Danish Supreme Court has passed judgment in favour of the Danish tax authorities to the effect that the authorities may refuse a right to deduct part of payroll costs retroactively. The Danish Minister for Taxation has announced that new legislation will be introduced to mitigate the effects of the Danish tax authorities' change of practice. The Danish banks Arbejdernes Landsbank and Lån & Spar Bank against whom the proceedings were commenced were not successful in the Danish Supreme Court as opposed to in the Danish Eastern High Court. Plesner conducted the case on behalf of the banks.

Highlight  -  30.06.2017

EQT sells Færch Plast to Advent International

The private equity fund EQT has sold the Danish packaging manufacturer Færch Plast Group A/S to the private equity firm Advent International. Plesner assisted EQT with the transaction.

Highlight  -  02.06.2017

Skaugen wins arbitration concerning fuel consumption on ship engines

In an arbitral award rendered by an ICC-tribunal on 17 May 2017, I.M. Skaugen (Norway) won a significant victory in a dispute with MAN Diesel & Turbo SE (Germany/Denmark) concerning the fuel consumption on marine diesel engines. The arbitral tribunal held that Plesner's client, I.M. Skaugen SE, could rightfully terminate a contract with MAN Diesel & Turbo SE concerning Skaugen's purchase and MAN's sale of two sets of marine diesel engines of the type 6L 48/60B (with related propellers). According to the award, Skaugen could do so as a consequence of the engines having a higher fuel consumption level than warranted by MAN Diesel, because MAN Diesel deliberately manipulated the official tests in order to conceal this, and finally because MAN Diesel subsequently withheld all information about these issues.

Highlight  -  18.05.2017

Aquila Capital acquires new wind farm

A company in the German private equity fund Aquila Capital has acquired the Danish company Vindtestcenter Kappel A/S from European Energy A/S. Plesner advised Aquila Capital on the transaction.

Highlight  -  05.05.2017

New hotel in Rådhuspladsen in Copenhagen

The Dagmarhus building in Rådhuspladen in Copenhagen is to be converted from an office building to a new CitizenM hotel. Plesner has assisted the owner of Dagmarhuset with the agreement.

Highlight  -  27.04.2017

Marlin Equity Partners sells Bluegarden

The investment firm Marlin Equity Partners has sold Bluegarden, a leading provider of payroll systems in Scandinavia, to the Norwegian IT group Visma. Plesner assisted Marlin Equity Partners with the sale.

Highlight  -  22.03.2017

TP Aerospace sold to Danish private equity fund CataCap

The two founders and owners of the Danish aviation service company TP Aerospace have just sold a majority share of the company to the Danish private equity fund CataCap. Plesner assisted the sellers with the transaction.

Highlight  -  21.03.2017

Pradera acquires 25 shopping centres from IKEA Centres

In a EUR 900 million transaction, Pradera acquires 25 shopping centres from IKEA Centres. The properties are located in Germany, France, Poland, Sweden, Finland, Denmark, the Czech Republic and Switzerland.

Highlight  -  10.03.2017

No discount to director in connection with bankruptcy-related disqualification

The usual period of bankruptcy-related disqualification is three years. Danish case law has developed the practice that the defendant director gets a discount of one year on the usual period of the bankruptcy-related disqualification of three years if the ruling on the bankruptcy-related disqualification is made more than one year after the issue of the bankruptcy order. In the decision the Danish Maritime and Commercial High Court established that despite the fact that the ruling was made about 18 months after the order, the defendant was not to be given a discount on the period of the bankruptcy-related disqualification as about six months of the case processing time could be attributed to the defendant.

Highlight  -  24.02.2017

Danish architecture firm SIGNAL sold to ISS

SIGNAL, which is one of the leading workplace design advisors in Denmark, has just been sold to ISS. Plesner advised the sellers of SIGNAL on the transaction.

Highlight  -  07.02.2017

Bonnier sells 49.9% of Børsen to JP/Politikens Hus

The Swedish media group Bonnier has entered into an agreement to sell 49.9% of the shares in Dagbladet Børsen A/S and Børsen Associated Media A/S to JP/Politikens Hus. Plesner assisted Bonnier with the transaction.

Highlight  -  26.01.2017

Lundbeck and IBM collaborating on use of artificial intelligence for research purposes

The pharmaceutical company H. Lundbeck A/S has established a new and innovative collaboration with IBM on access to the IBM Watson super computer. Plesner advised Lundbeck on the agreement.

Highlight  -  25.01.2017

Niam acquires Copenhagen Business Park

The real estate investment fund Niam has acquired Copenhagen Business Park, which is one of Denmark's biggest office buildings with a total letting area of 67,000 sqm. Plesner assisted Niam with the transaction.

Highlight  -  04.01.2017

Supplier of façades successful in arbitration proceedings against large hotel

A leading supplier of façades faced a claim for a reduction/damages of more than DKK 75 million by a large Danish hotel. The matter has now been settled by an arbitration tribunal in favour of the supplier of façades that is only to pay about DKK 7 million whereas the hotel was ordered to pay all legal costs relating to the arbitration tribunal's hearing of the matter. Plesner represented the supplier of the façades in the case.

Highlight  -  23.12.2016

Schultz successful in case against Karnov about the use of UfR numbers

In its competing law reports Schultz may still allow searches for judgments by using the so-called UfR numbers from Karnov's Danish weekly law reports (Ugeskrift for Retsvæsen) and may refer to such UfR numbers as one of the pieces of information about the judgments. 

This was the decision reached by the Danish Eastern High Court in a case between Karnov Group Denmark A/S and J.H. Schultz Information A/S. Plesner represented Schultz in the case.

Highlight  -  22.12.2016

The EU Court of Justice once again disqualifies Danish tax legislation

Yesterday, in a case of general public interest, the Court of Justice of the European Union ruled in favour of Masco Denmark ApS and Damixa ApS, establishing that section 11(6) of the Danish Corporation Tax Act on tax exemption for group related interest income is in conflict with EU law as the provision only applies in respect of interest paid by a Danish company. The case was conducted by Plesner in cooperation with PwC.

Highlight  -  21.12.2016

LB Forsikring sells five residential properties in Copenhagen

LB Forsikring has sold five attractive residential properties to the property company Heimstaden AB, which is listed in Sweden. Plesner advised LB Forsikring in connection with the sale of the properties.

Highlight  -  20.12.2016

The Danish Building and Construction Arbitration Board finds in favour of full-service consultant

The Danish Building and Construction Arbitration Board has just settled a claim for damages relating to the construction of a psychiatric hospital. The Arbitration Board found in favour of the full-service consultant that was represented by Plesner.

Highlight  -  23.11.2016

Twenty-five per cent of Nordea Liv & Pension sold to customers

Nordea Life Holding AB has sold 25 per cent of its shares in Nordea Liv & Pension to Foreningen NLP that represents the customers of Nordea Liv & Pension. Plesner assisted Nordea Life Holding AB with the transaction.

Highlight  -  18.11.2016

Merger between Metroxpress and BT

The newspapers Metroxpress and BT have entered into an agreement to merge into a new company. Plesner advised Metroxpress on the merger.

Highlight  -  14.11.2016

Novozymes to build new innovation campus in Denmark

World leader in biological solutions, Novozymes, builds its new innovation campus in Denmark comprising more than 30,000 m² of research and office facilities at a newly acquired 140,000 m² location near Copenhagen. Plesner has assisted Novozymes in the purchase of the location and during negotiations with turnkey contractors.

Highlight  -  27.10.2016

Rosendahl acquires Lyngby Porcelæn

Rosendahl Design Group has just entered into an agreement with the design company Karakter Copenhagen on the acquisition of Lyngby Porcelæn known for the "Lyngby vase" for an amount in the double-digit million range. Plesner advised Rosendahl Design Group on the transaction.

Highlight  -  17.10.2016

KFI sells part of the well-known Domus Vista property in Frederiksberg to develop 127 youth housing units

ApS KFI-Domus owned by KFI Erhvervsdrivende Fond has sold the first floor of 6300 sqm of the distinctive Domus Vista property in Frederiksberg, Denmark.

Highlight  -  17.10.2016

General Atlantic becomes new major investor in Joe & the Juice

US equity firm General Atlantic has just announced a major strategic growth investment in Joe & the Juice. Plesner advised General Atlantic on the transaction.

Highlight  -  12.10.2016

NKT completes offering of shares of DKK 1.4bn

NKT has completed an offering of shares in the company through an accelerated bookbuilding process. Plesner advised the banks responsible for the offering process: Danske Bank, J.P. Morgan Securities and Nordea Markets.

Highlight  -  12.10.2016

Zealand raises DKK 143m through an offering of new shares

The biotechnology company Zealand Pharma has issued new shares totalling approximately DKK 143m. The shares were offered as an accelerated book-building process. Plesner advised Zealand Pharma on the sale of the shares.

Highlight  -  06.10.2016

Verisure acquires alarm portfolio from Falck

Verisure and Falck have just entered into a collaboration agreement on alarm systems for private customers and small traders in Denmark and Norway. Verisure acquired Falck's alarm customer portfolio and a number of operational assets in Denmark and Norway as a part of the deal. Plesner advised Verisure on the transaction.

Highlight  -  04.10.2016

PenSam signs major IT outsourcing contract

PenSam has just signed a contract to outsource the running and development of all its IT systems in the pensions area and the shared group IT to KMD (a Danish IT and software company). The scope of the contract is unusual in the pensions industry and it is the biggest company contract in KMD's history. Plesner has assisted PenSam with the contract.

Highlight  -  30.09.2016

Major shareholders sell Danish Ship Finance

The major shareholders in Danish Ship Finance - Danske Bank A/S, the Danish National Bank, A.P. Møller-Mærsk A/S and Nordea Bank AB - have sold their entire shareholdings of 72% of the share capital to Axcel, PFA and PKA. Danish Ship Finance prices the transaction at DKK 4.7bn.  Plesner advised the sellers on the transaction.

Highlight  -  28.09.2016

Nets admitted to trading and official listing on Nasdaq Copenhagen

On 23 September 2016, Nets was admitted to trading and official listing on Nasdaq Copenhagen. Plesner has acted as legal advisor to the bank syndicate consisting of Deutsche Bank, Morgan Stanley, Nordea, Danske Bank, DNB Markets, J.P. Morgan, UBS Investment Bank, Carnegie, OP Corporate Bank, SEB, SpareBank 1 Markets and Sydbank in connection with the IPO.

Highlight  -  23.09.2016

Ekspres Bank successful before the Supreme Court in VAT case of general public importance

The Danish Supreme Court has ruled in favour of Ekspres Bank A/S that processing services supplied by an English company are not subject to VAT, as the services are covered by the VAT exemptions for payments and transfers. Plesner represented the bank.

Highlight  -  16.09.2016

Weber successful in a case of general public importance about grill covers

The Danish Supreme Court has made a final ruling in a case involving tax liability under the Danish PVC Act by establishing that loose, fitted grill covers are not taxable under the Act. Plesner represented Weber-Stephen Nordic ApS in the case.

Highlight  -  07.09.2016

Sampo makes a mandatory no-premium offer for Topdanmark

The Finnish financial services group Sampo Group, which is listed on Nasdaq Helsinki, has triggered the obligation to make a mandatory no-premium offer to the shareholders in the Danish insurance company Topdanmark A/S, which is listed on Nasdaq Copenhagen. Plesner assists Sampo in connection with the mandatory no-premium offer.

Highlight  -  07.09.2016

Dangro Invest sold to American pension fund

Dangro Invest A/S that has farm land investments in Poland has just been sold to an American pension fund. Plesner has advised Dangro Invest A/S's board of directors with respect to the transaction.

Highlight  -  06.09.2016

Niam sells housing for more than DKK 400m

The real estate investment fund Niam has sold a portfolio of 114 dwellings in the Greater Copenhagen area to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction.

Highlight  -  24.08.2016

Bankernes Kontantservice sold to Loomis

Bankernes Kontantservice has just been sold to the Loomis group. Plesner has advised the Danish Central Bank and the selling banks on the transaction.

Highlight  -  23.08.2016

CBRE acquires 463 prime student accommodation units in Copenhagen

The old DSB (Danish Rail) headquarters situated at Sølvgade in Copenhagen, today converted into prime student accommodation, have been acquired by CBRE Global Investment Partners together with its partner Triton Development North ApS. The vendor of the historic building was Ejendomsselskabet Norden. Plesner has advised on the acquisition.

Highlight  -  22.08.2016

Zoetis acquires Scandinavian Micro Biodevices for USD 80 million

Zoetis, the animal health company, has acquired Danish biotech company Scandinavian Micro Biodevices for USD 80 million (approximately DKK 533 million). Plesner assisted Zoetis with the transaction.

Highlight  -  09.08.2016

FONA stores sold to Elgiganten

F Group A/S under rekonstruktion (in restructuring proceedings) has just sold ten FONA stores to Elkjøb Nordic AS that owns Elgiganten. Due to this sale, the creditors in F Group will receive substantially higher dividend than they would have received in connection with a bankruptcy where the sale could not have been carried through under the same conditions. Plesner acts as one of two restructuring administrators.

Highlight  -  02.08.2016

7 months' illness did not constitute a long-term restriction as defined by the Danish Anti-Discrimination Act

This was established by the Danish Board of Equal Treatment in a decision of 22 June 2016. In the specific case, an educational institution was entitled to dismiss a teacher who had been unfit for work for 7 months due to a whiplash and a concussion. The teacher's illness prevented him from participating in the labour market on an equal footing with others, but the duration of the illness of 7 months did not meet the requirement for long duration as defined by the Danish Anti-Discrimination Act.

Highlight  -  07.07.2016

Payroll tax - Danish High Court finds in favour of banks in a case of general public importance

The Danish Western High Court found in favour of Spar Nord Bank A/S' (formerly Sparbank A/S) claim that it was entitled to calculate payroll tax based on a breakdown of turnover under section 38 of the Danish Act on VAT (pro rata rate). The High Court found that the Danish Customs and Tax Administration has the authority to set aside a company's discretionary allocation of payroll costs on taxable and non-taxable activities based on an allocation of payroll costs based on turnover, if it is obvious that such allocation is not true and fair compared with the actual time spent. The High Court held that the bank's assessment based on the breakdown of turnover was misleading compared with an assessment of the actual use of resources. But the High Court did not find any basis for setting aside the bank's assessment as the Danish Customs and Tax Administration's assessment was not found to be more true and fair than that of the bank. Plesner conducted the cases on behalf of the bank.

Highlight  -  28.06.2016

Nordic Waterproofing goes public in Sweden

Nordic Waterproofing Holding A/S has been listed on Nasdaq Stockholm. Plesner assisted Nordic Waterproofing and the major shareholder, the Danish private equity fund Axcel, with the IPO.

Highlight  -  17.06.2016

The IPO of DONG Energy

On 9 June 2016, DONG Energy was admitted to trading and official listing on Nasdaq Copenhagen. Plesner has acted as the advisor to the Kingdom of Denmark, which is the majority shareholder in DONG Energy, in connection with the IPO.

Highlight  -  09.06.2016

Judgment in favour of banks in tax case of general public importance

It was a change of practice when in 2012 and 2013 the Danish tax authorities refused the Danish banks Arbejdernes Landsbank and Lån & Spar Bank to deduct payroll costs paid in connection with the acquisition of other banking activities. On 1 June 2016 the Danish Eastern High Court consequently found for the two banks in two of the cases brought by the Danish Ministry of Taxation against the banks where the High Court very clearly and unambiguously rejected the Danish tax authorities' attempt to tighten the practice with retroactive effect. Plesner conducted the cases on behalf of the two banks.

Highlight  -  02.06.2016

Judgment sets aside decisions of the Board of Equal Treatment

My judgment of 30 May 2016, the court found that the fact that the choice fell on two employees of 54 and 57 years of age in connection with a redundancy procedure in a municipality did not constitute age discrimination. Plesner conducted the case for the municipality.

Highlight  -  31.05.2016

The Guldager group is sold to Capidea

Guldager A/S with its consolidated companies has been sold to the Danish private equity fund Capidea Management. Plesner has been advising Guldager for more than 50 years and also assisted with this transaction.

Highlight  -  02.05.2016

Berendsen successful before the Swedish Supreme Court

The Berendsen Group has been successful before the Swedish Supreme Court in a decisive sub-claim against Electrolux which is connected to the contamination of a number of previous Electrolux properties. Plesner acted as the lead counsel for Berendsen in the matter.

Highlight  -  28.04.2016

The Carlsberg Foundation sells properties worth DKK 1.1bn

The Carlsberg Foundation has sold its limited partnership companies that together own properties worth DKK 1.1bn to three Danish pension funds. Plesner has assisted the Carlsberg Foundation with the transaction.

Highlight  -  18.04.2016

Restaurant Babette successful in trademark case

On 1 April 2016 the Danish Maritime and Commercial High Court settled a case between Restaurant Babette ApS in Vordingborg, Denmark, and Guldsmeden Babette ApS about the rights to the trademark Babette. Plesner conducted the case for Restaurant Babette.

Highlight  -  01.04.2016

The Lessor Group sold to Axcel

Axcel IV buys 100% of the Lessor Group from the founding Fich family. Plesner has advised the Fich family and the Lessor Group for more than 35 years and has assisted the family in connection with the transaction.

Highlight  -  31.03.2016

A.P. Møller - Mærsk A/S successful in trademark case about star logo

On 31 March 2016 the Danish Maritime and Commercial High Court found in favour of A.P. Møller - Mærsk A/S in a trademark case against the company World Wide Traffic ApS about an infringement of A.P. Møller - Mærsk A/S' seven-pointed star logo. Plesner conducted the case on behalf of A.P. Møller - Mærsk A/S.

Highlight  -  31.03.2016

Statoil Fuel and Retail's takeover of Shell's Danish downstream business approved by European Commission

Plesner has assisted Statoil Fuel & Retail A/S ("SFR") in obtaining Phase I approval of its proposed acquisition of Shell's retail, commercial fuels and aviation businesses in Denmark.

Highlight  -  30.03.2016

Novo announces an investment in ERT alongside Nordic Capital

Novo A/S has announced an expansion of its large investment portfolio through an investment in ERT alongside Nordic Capital Fund VIII. Plesner has acted as Novo A/S' legal advisor.

Highlight  -  09.03.2016

New FedEx Express freight terminal at Copenhagen Airport

FedEx Express, the world's biggest express freight company, opens a new freight terminal at Copenhagen Airport. Plesner assisted Copenhagen Airports A/S (CPH) with the establishment of the terminal.

Highlight  -  02.03.2016

Kohberg owners invest in the food business SEiMEi

Koff A/S, the parent company behind Kohberg Bakery Group A/S among others, has entered into a partnership with the entrepreneur Allan Feldt in respect of the food business SEiMEi. Plesner has assisted Koff A/S with the investment in SEiMEi.

Highlight  -  24.02.2016

AstraZeneca wins patent case against Krka

On 18 February 2016 AstraZeneca won a patent case against generic pharmaceuticals producer Krka and was awarded damages and compensation. Plesner assisted AstraZeneca in the matter.

Highlight  -  19.02.2016

AstraZeneca is granted a preliminary injunction

AstraZeneca has been granted another preliminary injunction against a generic version of Seroquel® Prolong. Plesner assisted AstraZeneca in the injunction proceedings.

Highlight  -  17.02.2016

Jorcks acquires investment property in Strøget

Jorcks Ejendomsselskab has acquired the property Frederiksberggade 19 in central Copenhagen. The property, which is let out to Havanna Shoes, was acquired from Casa A/S. Plesner assisted Jorcks Ejendomsselskab with the transaction.

Highlight  -  15.02.2016

Full-service consultant is successful

In a ruling of 15 February 2016 an arbitration tribunal found for a full-service consultant in a case involving a significant claim for fees and dismissed that the full-service consultant's conduct had been actionable in other respects.

Highlight  -  15.02.2016

The Danish Supreme Court finds for the former CEO of an IT business in a VAT case of general public importance

Today, the Danish Supreme Court conclusively found for businessman Peer Kølendorf in a very important action for damages instituted by the Danish Ministry of Taxation due to the Danish state's loss as a result of so-called VAT carousel fraud in which the IT business Comitel International had inadvertently become involved. Plesner represented Peer Kølendorf in the case.

Highlight  -  11.02.2016

Scandinavian Tobacco Group launches Initial Public Offering

On 10 February 2016 Scandinavian Tobacco Group, the tobacco producer, was admitted to trading and official listing on Nasdaq Copenhagen. Plesner acted as legal advisor to JP Morgan, Nordea, Deutsche Bank and Carnegie in connection with the listing.

Highlight  -  10.02.2016

Niam acquires 461 dwellings in Aalborg, Denmark

By two transactions the real estate investment fund Niam has acquired a total of 461 dwellings in Aalborg, Denmark. The two property portfolios were acquired from Sveafastigheter Fund III and North Property Asset Management. Plesner assisted Niam with both transactions.

Highlight  -  26.01.2016

Northill Capital to acquire majority interest in Capital Four

Northill Capital, the UK-based asset management firm, has agreed to acquire a majority interest in the Danish industry-leading European high yield manager Capital Four. Plesner has acted as lead legal advisor to Northill Capital.

Highlight  -  19.01.2016

Upper secondary schools save millions in consequence of case about property tax of general public importance

The Danish Western High Court established in a judgment of 8 January 2016 that the City of Aarhus is not entitled to impose so-called service charges on properties owned by upper secondary schools in Aarhus. The case is of general public importance, which means that public upper secondary schools in Denmark are not to pay service charges. Overall, the result is a significant amount running into millions annually that was otherwise to be taken from the education budgets. Plesner conducted the case on behalf of the seven upper secondary schools in Aarhus.

Highlight  -  14.01.2016

Niam sells Copenhagen properties for DKK 1.4bn

The real estate investment fund Niam Nordic V has agreed to sell a large property portfolio in the Greater Copenhagen Area of approximately 44,000 sqm in total to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction which has a total value of DKK 1.4bn.

Highlight  -  13.01.2016

Electricity meter functionality is the consumer's responsibility

The Danish Eastern High Court established in a judgment of 6 January 2016 that if there is any doubt about an electricity meter reading consumers have to prove that the electricity meter is defective and does not show the actual consumption. The judgment ruled in favour of SEAS NVE as it was established that the electricity meter was not defective.

Highlight  -  12.01.2016

Bonnier sells Dagbladet Børsen to JP/Politikens Hus

The Swedish media group Bonnier has agreed to sell Dagbladet Børsen A/S and Børsen Associated Media A/S to JP/Politikens Hus A/S for DKK 800m. Plesner assisted Bonnier with the transaction.

Highlight  -  11.01.2016

Danica Ejendomme acquires the last Tuborg plot

Danica Ejendomsselskab ApS has acquired the so-called "Tuborg Syd" plot in the Copenhagen suburb of Hellerup at a price of DKK 600-700m. Plesner assisted Danica Ejendomme with the transaction.

Highlight  -  22.12.2015

FSN Capital acquires Netcompany

The private equity fund FSN Capital IV acquires a majority stake in the IT company Netcompany A/S. Plesner assisted FSN Capital with the transaction.

Highlight  -  21.12.2015

Unilever obtains injunction against the D'or tex detergent

Assisted by Plesner, Unilever N.V. and Unilever Danmark A/S (Unilever) have obtained an injunction against Coop Danmark A/S and Nopa Nordic A/S marketing and selling the D'or tex detergent.

Highlight  -  11.12.2015

Final restructuring of Pilgrim A/S

The restructuring of the Danish jewellery company Pilgrim A/S has finally been completed with a dividend distribution of 58%. Plesner has been involved in the restructuring.

Highlight  -  17.11.2015

The Danish pension funds AP Pension and PBU acquire 19 windmill farms

GPP Vind owned by AP Pension and Pædagogernes Pensionskasse (PBU) acquires 19 small windmill farms from Vattenfall. Plesner has assisted GPP Vind with the acquisition.

Highlight  -  11.11.2015

The court grants AstraZeneca a preliminary injunction

With legal assistance from Plesner Law Firm, AstraZeneca AB and others have been successful in a Maritime and Commercial High Court case regarding Orion Corporation and Orion Pharma A/S' infringement of AstraZeneca's patent.

Highlight  -  10.11.2015

Merethe Færch successful in legal action involving Færch shares

The Danish Eastern High Court has ruled that Merethe Færch is not to pay more than DKK 200 million to her mother Tineke Færch in a legal action about the value of the shares in Færch Holding A/S. Plesner assisted Merethe Færch in the legal action.

Highlight  -  09.11.2015

New shopping centre in Herlev

The developers NPV A/S and NREP have joined forces to build the new 44,000 sqm BIG Shoppingcenter in Herlev. The BIG Shopingcenter is the largest box shopping area in Denmark. Plesner assisted the developers.

Highlight  -  06.11.2015

New case law - loan granted shortly before bankruptcy was a pro forma loan

A loan agreement entered into between a debtor and his friend and former business partner one week before the debtor's bankruptcy must be set aside as it was a pro forma loan. This is the conclusion reached by the Danish Eastern High Court in its judgment of 28 October 2015. The decision is a contribution to the case law on pro forma issues in bankruptcy proceedings. Plesner acted as the trustee and conducted the case both before the District Court and the High Court.

Highlight  -  04.11.2015

Founders sell 75% of TOP-TOY to EQT

EQT VII acquires 75% of TOP-TOY and enters into partnership with the founders, the Gjørup family, who will still be represented in the company. Plesner has advised the family and TOP-TOY for more than 30 years and is assisting the family in connection with the transaction.

Highlight  -  04.11.2015

PenSam building new homes at a value of DKK 1.4 billion

The Danish pension fund PenSam together with KPC and Sjælsø will build new homes at a selling price of DKK 1.4 billion. PenSam will invest in three different residential projects situated at Teglholmen in Copenhagen. A new change in legislation makes it possible for PenSam to resell the flats as soon as they have been built. Plesner has assisted PenSam with the project.

Highlight  -  03.11.2015

Significant cloud investment in the financial sector

Plesner assisted the Danish financial services group Alm. Brand in connection with the conclusion of an agreement with SalesForce concerning the provision of a cloud-based customer relation management (CRM) system. According to Alm. Brand the investment amounts to DKK 100m - and it is one of the first significant investments in cloud computing in the Danish financial sector.

Highlight  -  27.10.2015

The Danish Supreme Court finds for Takeda in a case of general public importance

In a judgment of 19 October 2015 the Danish Supreme Court found for Takeda A/S and established that the company had a right to deduct its costs relating to the intermediary banks in connection with a corporate bond issue in 2005. The judgment is a case of general public importance as it ensures that a corporate bond issue does not result in additional tax costs in connection with traditional bank loans.

Highlight  -  19.10.2015

Færch Plast acquires Food Trays Business Europe from Sealed Air Corporation

Færch Plast A/S and Sealed Air Corporation have entered into an agreement for the sale of Sealed Air Corporation's European food trays business. Plesner has advised Færch Plast A/S.

Highlight  -  01.10.2015

Marlin Equity Partners acquires Bluegarden

Marlin Equity Partners has acquired Bluegarden Holding A/S, a leading provider of payroll and HR-related software. Plesner has advised Marlin Equity Partners.

Highlight  -  10.09.2015

Victory half way through the "beneficial owner" cases

In the pending tax cases on "beneficial ownership" the Danish Ministry of Taxation has now, after exchanging pleadings for many years, acknowledged that the Danish rules in force up to 2008, according to which a higher tax rate was imposed on withholding tax compared to the ordinary corporate income tax rate, are in conflict with the right of free establishment of the EC Treaty. Plesner plays a leading role in the pending court cases in which questions will now be referred to the Court of Justice of the European Union for its assessment of the many other EU law issues of the cases.

Highlight  -  04.09.2015

LEGO successful in insurance case of general public importance

With assistance from Plesner LEGO A/S has won a case of general public importance before the Danish High Court about wrongful termination of indemnity insurance covering LEGO factories all over the world. The judgment stipulates that If Skadeforsikring is to pay damages in the amount of DKK 5.6 million plus interest to LEGO.

Highlight  -  01.09.2015

Bramstrup is successful in a case of general public importance about a special property name

Special property names are protected by the Danish general legal doctrines. This is the conclusion of a judgment passed by the Danish Eastern High Court about the use of the name Bramstrup. Plesner conducted the case on behalf of the owner of the estate Bramstrup in the, as far as is known, first Danish judgment about special property names.

Highlight  -  31.08.2015

Yakkay successful in design case

With legal assistance from Plesner Yakkay A/S was successful in a Supreme Court case about the validity of Yakkay A/S' registered Community design of the shape of a helmet and about Stormwear ApS' infringement of the design.

Highlight  -  27.08.2015

Oticon successful in patent action

With legal assistance from Plesner Oticon A/S was successful in a case before the Danish Eastern High Court about GN ReSound A/S' infringement of Oticon's patent and utility model.

Highlight  -  18.08.2015

Pfizer successful in a leading case concerning substitution of medicinal products

Assisted by Plesner, Pfizer has been successful in a leading case before the Danish Maritime and Commercial High Court concerning Pfizer's product Lyrica® that contains pregabalin as an active ingredient. The Danish Maritime and Commercial Court ruled that all Danish pharmacies are to be enjoined from dispensing the medicinal product Pregabalin "Krka", a generic version of Lyrica®, for the treatment of pain.

Highlight  -  29.06.2015

Jobindex successful in a leading case concerning an unlawful newspaper advertisement

For the first time in Denmark, an unlawful newspaper advertisement has resulted in the party behind the advertisement being ordered to place a rectifying advertisement in the same media and in the same size. This ground-breaking outcome is the result of a settlement made in the Danish Maritime and Commercial High Court where Jobindex and Plesner have been suc-cessful in a leading case concerning a misleading newspaper advertisement placed by Jobzonen.

Highlight  -  19.05.2015

Judgment in a case involving the Danish football club FC Nordsjælland

On 31 March 2015 the Danish Supreme Court passed judgment in a case about the transfer of the shares in the Danish football club FC Nordsjælland.

Highlight  -  15.04.2015

Plesner assists Niam in the acquisition of 452 houses and flats in the Greater Copenhagen area

The acquisition of a portfolio of 452 owner-occupied flats and terraced houses etc increases Niam's Danish housing portfolio to approximately 1,100 newly built houses and flats in the Greater Copenhagen area.

Highlight  -  21.05.2013

Plesner provides assistance to the sellers of Rosengårdscentret in the largest property transaction in Denmark

Today Plesner and a number of other players finalised the largest property transaction in Denmark for one single property so far. Rosengårdscentret (a shopping centre in Funen) has been sold and Plesner's department Commercial Real Estate acted as the seller's legal advisor.

Highlight  -  21.03.2013

Plesner is successful in Supreme Court ruling on compulsory redemption on behalf of the former Thrane & Thrane

Plesner partner Torben Bondrop has just been successful in a case concerning compulsory redemption on behalf of the former Thrane & Thrane. This is the 12th case that Torben Bondrop has conducted and been successful in before the Danish Supreme Court.

Highlight  -  12.03.2013

Plesner assists Niam Nordic V with the acquisition of property portforlio worth 13bn

The international real estate fund Niam Nordic V has made its first investment in Denmark. The investment was secured with Plesner as the legal advisor and comprises an attractive property portfolio of 646 owner-occupied flats worth approximately DKK 1.3bn.

Highlight  -  13.02.2012

The High Court of Eastern Denmark increases judgment given by the City Court: The football fan who ran onto the pitch is ordered to pay damages of DKK 1,870,000

The High Court of Eastern Denmark increases judgment given by the City Court: The football fan who ran onto the pitch is ordered to pay damages of DKK 1,870,000.

Highlight  -  12.01.2012

The first court decision on "beneficial ownership" in Denmark

A claim for dividend withholding tax in the amount of DKK 1.6 billion against ISS was dismissed

Highlight  -  06.01.2012

XL Insurance awarded full damages in a case involving defective child-proof lids

Highlight  -  13.10.2010

Prompt action to stop infringement of H. Lundbeck A/S' pharmaceutical Cipralex®

Highlight  -  14.07.2010

Important patent action won at the Danish High Court

Highlight  -  01.10.2008

Supreme Court win in leading tax case

Highlight  -  29.12.2006

Leading case on damages for "lack of competition"

Highlight  -  12.12.2006

Plesner assists General Atlantic LLC in the acquisition of shares in Saxo Bank A/S

Highlight  -  28.06.2005

UBS AG - DKK and EUR Notes

Highlight  -  04.05.2004

Sale of the ALTO Group to Nilfisk-Advance A/S

Highlight  -  03.05.2004

Competition Council decision in favour of Song Networks A/S

Highlight  -  18.04.2004

Purchase of IO Interactive A/S

Highlight  -  22.02.2004

Sale of shares in Carlsberg Breweries A/S

Highlight  -  28.01.2004

Municipality of Hadsund convicted of grossly violating procurement law

Highlight  -  05.11.2003

TDC A/S liable to pay damages for illegal price fixing

Highlight  -  27.10.2003

First judgement concerning Binding Resales Prices dismisses claim

Highlight  -  18.09.2003

Repackaging and rebranding - five cases won in the Supreme Court

Highlight  -  31.03.2003

Advent International acquires ILVA A/S

Highlight  -  27.01.2003

Memorandum: New Developments in Danish Case Law on Parallel Import

Highlight  -  11.12.2002

Removal of trademark constitutes trademark infringement

Highlight  -  28.11.2002

The Danish Post diverts BILLETnet A/S til Ticketmaster

Highlight  -  26.11.2002

Ruling in favour of Danske Bank in the Hafnia case

Highlight  -  28.05.2002

AstraZeneca AB wins large trademark suit

Highlight  -  18.05.2002

Montana wins trademark suit

Highlight  -  20.12.2001

Plesner vinder principiel sag i Højesteret

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Brenntag Biosector AS er ikke skyld i allergisk reaktion hos kalve

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11-mia-kr-laanepakke-til-Leo-Pharma

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TDC AS erstatningsansvarlig for ulovlig prisfaststtelse

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Sejr i Højesteret i meget principiel skattesag

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