We assisted APMH Invest A/S, a wholly owned subsidiary of A.P. Møller Holding, which made and completed a recommended voluntary takeover bid for all issued shares of Svitzer Group A/S.
As Blackstone’s dedicated legal adviser, we assisted with its Danish activities, including the sale of a Nordic logistics portfolio to the Ontario Teachers’ Pension Plan. The portfolio comprised two assets in Denmark and three in Sweden with a total gross area of around 92,000 sqm. We also provided assistance with real estate financing and asset management tasks.
We assisted Tryg with an outsourcing agreement that was one of the largest outsourcing transactions in the Nordics in 2025, as well as being one of the first partnership-oriented agreements based on the long-term business interests of both parties. Tryg’s agreement exemplifies the relationship-oriented outsourcing model of the future.
We assisted Nordea with an extensive and complex criminal case concerning alleged breaches of money laundering regulations between 2012 and 2015, which demonstrates our expertise in corporate criminal law. This historic case raises fundamental questions of great importance to the entire financial sector, and the outcome will influence future legal developments in this area.
We assisted Germany’s largest dairy cooperative, the DMK Group, in connection with its planned merger with Arla Foods. This merger combines more than 12,000 farmers within a single cooperative, aiming to create Europe’s strongest dairy cooperative, with a total revenue of EUR 19 billion. DMK’s dominance in the German market, together with Arla’s global position, will strengthen overall competitiveness.
We assisted PFA with a comprehensive set of agreements relating to the tender and negotiation of a new management agreement for a property portfolio worth DKK 24 billion. The management agreement was entered into with Rubik Properties, which now has around 40 billion DKK worth of real estate assets under management. Following this transaction, Rubik became the largest real estate and investment manager in the Danish market in terms of volume.
In collaboration with Freshfields, we assisted the Ontario Teachers’ Pension Plan Board in selling its indirect ownership interest in Copenhagen Airports A/S to its co-shareholder, ATP, after holding the interest for 14 years. Significant investments amounting to DKK 18 billion were made during that period to modernise and expand the airport. This transaction also marks the conclusion of more than 20 years of collaboration with Copenhagen Airports A/S’s controlling owners.
We advised the Danish Media Group JFM on its strategic collaboration with and cross-ownership of Berlingske Media and its owner, the Norwegian company Amedia. Amedia acquired 30% of the shares in JFM, while JFM acquired 30% of Berlingske Media. This new media alliance will create greater reach and better opportunities to invest in quality journalism, as well as increasing digital strength through the development of joint technological solutions.
We assisted the global asset management company Barings with several real estate transactions. Our advice included assisting with the purchase of a residential development project comprising 380 residential and nine commercial units, spread over approximately 30,000 sqm and with 270 parking spaces. We also assisted with the conclusion of a joint venture agreement with Catella, as well as the simultaneous acquisition of Project Vega, a residential development in Herlev comprising 269 homes and 134 parking spaces spread over approximately 22,864 sqm.
We assisted Nammo with the bidding process and subsequent conclusion of a framework agreement with the Danish Ministry of Defence’s Materiel and Procurement Agency (FMI). The agreement relates to the construction of a factory in Denmark to produce ammunition in both small and large calibres. Under the terms of the agreement, Nammo, a Norwegian-Finnish company and a leading global supplier of specialised ammunition with factories in the US and Europe, will resume production of ammunition and grenades at the Krudten ammunition factory in Elling, Northern Jutland. This agreement is a milestone as it is the first of its kind to bring ammunition production back on Danish soil. The agreement is of great importance to Denmark.
We assisted Obton A/S and its main shareholder, FSN Capital, with a unique and complex transaction that established Renewable Energy Company as an integrated energy company. This was achieved through a series of mergers involving the three solar energy funds Stabil, Impact and Fond 1. These mergers were approved at their respective general meetings, following a public offering of shares in Renewable Energy Company to the more than 3,000 investors, combined with a contribution in kind and an asset transfer from Obton A/S. Renewable Energy Company currently has a global portfolio of solar installations with a total capacity of approximately 1.2 GW across Europe and Japan, as well as a global development portfolio consisting primarily of solar, hybrid and battery projects with a total capacity of approximately 4.4 GW.