Revolver ApS initially founded the Copenhagen fashion fair ‘Revolver’, which is usually held in Øksnehallen and in Forum Copenhagen in connection with the Copenhagen fashion week. Bella Operation A/S is already the mastermind of fashion fair CIFF (Copenhagen International Fashion Fair), which is also held in connection with the Copenhagen fashion week. Bella Operation A/S is furthermore part of Bellagroup – one of Denmark’s greatest companies within hotels, conferences and fairs, and today Bellagroup runs Bella Center Copenhagen, Copenhagen Marriott Hotel and Crowne Plaza Copenhagen Towers.
The merger will reinforce Copenhagen’s position as the fashion capital of Scandinavia.
Holst, Advokater assisted the shareholders of Revolver ApS with legal advice in connection with setting up data rooms, preparation of the share transfer agreement and other agreements related to the transaction. The team at Holst, Advokater consisted of Anders Roug, Anders Hedetoft and Søren Elmstrøm.
Compusoft A/S is a leading supplier to the experience industry of digital business solutions, including digital booking, ticketing and self-service solutions and provides services to companies operating within tourism, sports and culture.
Holst, assisted the client throughout the process from initial negotiations with Valedo Partners to Closing in January 2023.
The team at Holst, consisted of Jakob Schmidt, Søren Elmstrøm Sørensen, Christian Skadborg, Claus Hedegaard Eriksen, Marie Louise Winther Løgsted and Victor Nielsen.
For several years, leasing company Fleggaard Leasing has been on route in becoming one of the great-est players in the market for finance leasing in Denmark. A significant part of this strategic journey has been the acquisition of other companies and at the end of 2021, Fleggaard Leasing emphasized its mar-ket position with the acquisition of Forza Leasing.
Following the acquisition, Fleggaard Leasing’s number of lease agreements went up by 1,500 and result-ed in a total number of 12,500 lease agreements.
Holst, has accompanied Fleggaard Leasing a long way of its strategic journey – including a previous acquisition of another company – and has now also assisted with the acquisition of Forza Leasing.
Hence, Holst, was responsible for the due diligence process in selected areas and compliance control; Holst, also assisted in the negotiations and prepared the necessary documents for the deal.
Partner at Holst, Anders Hedetoft, who has extensive experience within leasing, headed the team work-ing on the assignment at Holst.
More information about Fleggaard Leasing’s acquisition of Forza Leasing is available on finans.dk (in Danish).
Uniqtracking ApS was a fairly new company selling tracking and fleet management solutions to leasing companies, machine pools, contractors, craftsmen and other companies in a wide range of industries in which it is essential to keep track of vehicles and machines.
Both companies offer unique skills in GPS tracking, insurance tracking and fleet management to business customers. Uniqtracking ApS was therefore an obvious acquisition candidate for r2pTracking ApS. With the acquisition, r2pTracking will expand its activities in the Nordic region and strengthen its position as a leading supplier in the market.
Holst, provided legal advice in drafting a sales agreement and other agreements that were concluded during the sale of the company.
18In 25 years, ICT Logistics grew from being a single office located in Herning, Denmark into a logistics enterprise with offices in eight different countries, particularly in the Baltic states and the CIS member states.
Therefore, the business was an obvious acquisition opportunity for DFDS having a strategical goal about a greater presence – and better offers for both existing and new customers – in the Baltics and the CIS.
Business valuation and competition authorities
To succeed, ICT Logistics had to go through all phases of an M&A process. And more …
Apart from assisting with setting-up of a virtual data room, verifying material documents from various countries, negotiations and drafting of agreements, Holst, also provided advice on the valuation of ICT Logistics.
Furthermore, because of the size of DFDS, the acquisition required approvals from the competition authorities in both Russia and Denmark. In cooperation with the lawyer representing DFDS, Holst, also attended to this part of the process.
Overall, the whole process took about a year from initiating the opening discussions until the final agreement was signed, and the sale of ICT Logistics was granted the final approval from the Danish competition authorities. Despite the quite long process, both parties were very satisfied with the outcome, and as established by DFDS in the press release about the acquisition:
”DFDS is excited to announce the integration of ICT Logistics into its logistics network. While DFDS has owned a minority share of ICT Logistics since 2006, the acquisition gives an opportunity to strengthen and expand services across multiple markets greatly.”
By issuing fictitious invoices and false declarations, a sub-supplier to a company succeeded in obtaining millions of Danish kroner in payment.
Holst, assisted the company in revealing the actual circumstances behind the fraud. The assistance comprised advice on how to organise investigations of the actual circumstances, filing of the police report and the claim for damages.
Furthermore, partner Erik Jensen provided strategical advice and sparring on the strategy pertaining to press and communication, including how the company should prepare for inquiries from the press.
Consulting company Energi- og Bygningsrådgivning A/S (EBAS), which is part of Danish NRGi Group (one of the greatest power suppliers in Denmark), took over the energy consulting business of Ørsted (a renowned and sustainable energy company). The Ørsted energy consulting business provides advice and manages projects for some of the largest industrial companies in Denmark about optimising energy-intensive industrial processes. By taking over the consulting business, EBAS affirmed its position as one of the greatest businesses in Den-mark within energy consultancy.
With partner Erik Jensen in charge, Holst, assisted EBAS with the acquisition. The advice comprised legal due diligence, participance in negotiations with Ørsted and execution of the SPA.
A housing developer had wished to buy a housing project consisting of terraced houses in eastern Jutland.
Morten Fendinge Olsen, partner at Host, provided advice to the housing developer during the entire process, including negotiating the purchase agreement, due diligence, follow-up on le-gal issues, perusal of prospectus and closing.
The whole purchase went strictly by the book and all parties involved were highly satisfied.
The conversion of a former industrial area in eastern Jutland comprised the sale of a part of the project area to an external buyer and the project sale of newly built owner-occupied flats to private end-users.
As legal partner to the employer and the housing developer, Holst, participated in the project from the beginning to the end, headed by partner Morten Fendinge Olsen. Hence, Holst, provided advice on all relevant and necessary documents, including the construction contract, agreements with authorities, purchase agreements and the establishment of a houseowners’ association.
The result was a beautifully located, modern residential area supported by a legal setup covering all aspects ranging from initial ideas to the finalised project.
Axel Johnson International AB is a Swedish group engaged in the purchase and development of technological industrial operations.
In 2020, the group wanted to take over the share majority in the family-owned industrial com-pany Caldan Conveyor A/S in Galten, Denmark, specialising in conveyors for the surface finishing industry, and Holst, provided advice to Axel Johnson International AB in connection with the acquisition.
Hence, a team from Holst, headed by Jakob Schmidt, assisted with a legal due diligence of Caldan Conveyor A/S, with negotiations pertaining to the share transfer agreement and various other transaction documents, and with the approval and performance of the transaction.