2013

Carsted Rosenberg Advises on Heidelberger Druckmaschinen AG EUR 51,000,000 High Yield Bond

Heidelberger Druckmaschinen AG successfully issued a EUR 51,000,000 German-law governed high yield bond, which constitutes a further issuance of, and will form a single class with, Heidelberg’s existing 9.25 percent bond due 2018. Cravath Swaine & Moore and Hengeler Müller advised the banks, which were led by Deutsche Bank, on the bond issue. Lead by global law firm Clifford Chance, Frankfurt, as global lead counsel, Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Wolf Theiss, Vienna and Carsted Rosenberg, Copenhagen all acted as local counsels to Heidelberger Druckmaschienen AG on the successful issue of the EUR 51,000,000 High Yield Bonds. White & Case, Munich as global lead counsel and White & Case, New York, White & Case, London, White & Case, Paris, White & Case, Hong Kong, White & Case, Tokyo, Nauta Dutilh, Amsterdam, Stiekmann Elliott, Toronto, Schönherr, Vienna, Allens Arthur Robinson, Sydney and Gorrissen Federspiel, Copenhagen advised the banks.

Carsted Rosenberg Advises on Heidelberger Druckmaschinen AG EUR  390,000,000 Refinancing

Heidelberger Druckmaschinen AG has further optimised its financing structure by extending its existing syndicated credit line ahead of term. Lead by global law firm Clifford Chance, Frankfurt, as global lead counsel, Carsted Rosenberg acted as local counsel for Denmark for Heidelberger Druckmaschienen AG on the EUR 390,000,000 revolving credit facility  provided by a consortium of banks, with Deutsche Bank Luxembourg S. A. as facility agent. Heidelberger Druckmaschinen AG, is a worldwide enterprise based in Heidelberg, Germany, and one of the leading manufacturers of sheetfed offset printing machines. BNP Paribas, Citi, Commerzbank Aktiengesellschaft, Deutsche Bank AG and Landesbank Baden-Wurttemberg acted as mandated lead arrangers and book runners. Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Wolf Theiss, Vienna and Carsted Rosenberg, Copenhagen all acted as local counsels to Heidelberg led by the Clifford Chance banking team in Frankfurt. The bank syndicate was advised by White & Case, Munich as global lead counsel and White & Case, New York, White & Case, London, White & Case, Paris, White & Case, Hong Kong, White & Case, Tokyo, Nauta Dutilh, Amsterdam, Stiekmann Elliott, Toronto, Schönherr, Vienna, Allens Arthur Robinson, Sydney and Gorrissen Federspiel, Copenhagen as local counsels.

Carsted Rosenberg Advises on Deutsche Bank AG Financing of a GBP 70,000,000 New 19MW Biomass-Powered Combined Heat and Power Plant in East London

Led by global lead counsel Watson, Farley & Williams LLP, London, Carsted Rosenberg Advokatfirma advised as local counsel for Denmark Deutsche Bank AG, London Branch and Deutsche Bank Luxembourg S.A. as sole lead arranger and lender on the project financing of a new 19MW biomass project in Beckton, East London. The GBP 70,000,000 waste oils CHP plant will generate heat to be provided to National Grid Gas, and power to be supplied to Thames Water Utilities Limited for its desalination plant at Beckton. Power not used by Thames Water Utilities Limited will be exported to the national grid. Lead by Watson, Farley & Williams, London as lead counsel Watson, Farley & Williams, Munich and Carsted Rosenberg, Copenhagen advised as local counsels for Germany and Denmark respectively. The facility is being built by a consortium comprising iCON Infrastructure Partners II (GBP), L.P., EEA Holdings Limited and Beckton Energy Limited.

Carsted Rosenberg Advises Goldman Sachs on Danish Regulatory Law

Led by global lead counsel Clifford Chance, Carsted Rosenberg advised as local counsel for Denmark Goldman Sachs & Co on Danish regulatory requirements.

Carsted Rosenberg Advokatfirma Nominated Best Banking & Finance Team in Denmark 2013

Carsted Rosenberg has been nominated best banking & finance team in Denmark for the CFI 2013 Legal Awards by the CFI award panel at Capital Finance International in London.  The firm is delighted about the nomination which followed soon after the rating issued by The Legal 500 EMEA Ed. in 2013 as one of the recommended banking & finance law firms in Denmark.

Carsted Rosenberg Rated as a Leading Law Firm by Legal 500

The international legal directory The Legal 500 has released their annual rankings of law firms following an in-depth, comprehensive analysis of law firms in 63 jurisdictions. Carsted Rosenberg Advokatfirma is very happy to anounce that the firm has been ranked as a leading law firm in the 2013 Europe, Middle East & Africa Edition of The Legal 500 for banking & finance in Denmark. We are especially happy about this inclusion, as we have been ranked as a leading law firm in our specialist area within less that two years from the incorporation of the firm. We sincerely wish to thank our clients, contacts and friends for their support and we look forward to a mutually successful 2013 together with our valued clients and colleagues across Europe.

Carsted Rosenberg Advokatfirma Acts for Magne Larsen Investments on Acquisition of Equity Stake in OnePlay

Carsted Rosenberg acted for private equity firm Magne Larsen Investments on the acquisition of an equity stake in OnePlay. Oneplay is a membership-based video game rental company that enables consumers to sign up online to select the games they want delivered to their home. Bender von Haller Dragsted advised OnePlay.

Carsted Rosenberg Advokatfirma Acts for Albulus Advisors Germany on Acquisition of Danish NPL

Carsted Rosenberg advised Albulus Advisors Germany on the acquisition of a Danish NPL portfolio. The purchaser was advised by lead counsel Clifford Chance, Frankfurt and Walder Wyss, Zürich and Carsted Rosenberg, Copenhagen. Albulus Advisors, seated in Frankfurt, invested in distressed real estate loans for UK & European Investments (UKI), London by purchasing a non-performing loan for the Intercontinetal Hotel in Hamburg. The loan was repaid by the sale of the property to Kuehne Immobilia GmbH. Albulus Advisors is to invest up to EUR 100,000,000 in distressed real estate loans for UK & European Investments (UKI), London. Individual loans or smaller loan portfolios ranging from EUR 10,000,000 to EUR 50,000,000 that are secured by commercial real estate in Germany’s metropolitan regions are targeted.

Carsted Rosenberg Advokatfirma Acts for Q Management A/S on English Real Estate Transaction

Together with lead counsel Clyde & Co, London, Carsted Rosenberg acted as local counsel for Q Management A/S on an English real estate transaction for its London-based operation. Q Home is a leading provider of serviced housing in Denmark, Brazil and the United Kingdom with over 2300 units under management in central locations throughout Copenhagen, London and Sao Paulo.

Carsted Rosenberg Advokatfirma Acts for Magne Larsen Investments on Acquisition of Equity Stake in Munin Sports

Carsted Rosenberg acted for private equity firm Magne Larsen Investments on the acquisition of an equity stake in Munin Sports. Munin Sports produces and markets next generation football training equipment.

Carsted Rosenberg Advokatfirma Acts for BMS Finance on Danish Finance Transaction

Together with lead counsel Rosenblatt, Carsted Rosenberg acted for London-based BMS Finance on a DKK 25 million term loan facility to a Danish corporation. BMS Finance is a specialist private finance lender with a particular focus on the SME technology market. Olswang LLP, London and Moalem Weitemeyer Bendtsen, Copenhagen advised the borrower.

Carsted Rosenberg Advokatfirma Acts for Q Management A/S on Brazilian Finance Transaction

Carsted Rosenberg acted for Q Management A/S on a BRL term loan facility provided to its Brazilian subsidiary by Banco Santander. Q Management is a leading provider of serviced housing in Denmark and expanding into Latin America. Clifford Chance, Sao Paolo advised Q Management and Horten and DLA Piper, Sao Paolo advised Banco Santander.

The Anatomy of a Deal

This step-by-step animation of the anatomy of a deal courtesy of Allen & Overy LLP explains in easily understandable terms for non-specialists the stages of a leveraged acquisition and what the roles of the lawyers are on each step of the transaction.