Cases – Danders & More

The client, a Luxembourg company, purchased eight large commercial properties in 2018, and these have now been sold again to four different purchasers. We assisted in all four sales, including the handling of the purchaser’s due diligence, which offered various challenges, in particular as the main part of the properties were taken over with the current lessee.

Danders & More has advised on the concluding of the English construction contract in connection with the establishment of the new field at PARKEN national stadium.

The field is undergoing complete renovation and a brand-new hybrid field is established. A really exciting assignment, as contracts involving hybrid fields are not that common. Consequently, there were a lot of interesting challenges in relation to the more technical issues involved in the construction. The establishment of the field is already in process, and we look so much forward to seeing some great football being played there.

Danders & More assisted in the sale of the software company Decision Focus ApS to the private equity fund, Via Equity, as the founder, managing director and ultimate owner, Jon Tollerup, together with three other key persons, have reinvested in the new ownership behind Decision Focus ApS.

Jon Tollerup founded Decision Focus ApS in 2004 and today the company is certified IBM business partner and has made a profile within risk management, internal audit and compliance.

Danders & More has assisted our clients in the transfer of the commercial lease for the legendary pub, HONG KONG, in Nyhavn in central Copenhagen.

A very interesting but also somewhat challenging assignment, as parts of the property are listed for preservation, and as HONG KONG generally has historic and sentimental value to many Copenhageners. We look forward to seeing the development of the premises.

Danders & More has been a part of a very interesting development project for an old property on Nordre Fasanvej, at Frederiksberg.

The property was sold with a view to performing a major renovation and restructuring, as a large part of the building is to be converted from commercial use to habitation. We have assisted in connection with the extensive building application process, and adoption of various changes in the existing owners’ association. In addition to being an interesting project, it was also a bit complicated, as the apartments first were transferred from the original owner to a broker, and then transferred to our client, who finally sold the apartments to the end purchaser – a transaction in four stages.

Danders & More represented the two sellers

Danders & More represented the two sellers, RHB Development ApS and FB Administration ApS, who erected 60 semi-detached houses in Bjæverskov – first in connection with the purchase of the actual land and subsequently with the sale, including an extensive due diligence process, to the purchaser, RealBright I A/S.

Danders & More has assisted Northern Industries UK 1 Ltd. with the establishment of a new Danish holding company, Northern Industries A/S, by exchange of shares in the original parent company and by subsequently performing a larger investment round, where a number of Danish and international investors have joined as new shareholders.

Northern Industries operates within the steel industry and through a number of years, they have purchased English steel factories and intend to expand further inside the UK and in the rest of Europe, aiming to become one of Europe’s leading players within the steel industry.

Representing Roskilde Sten og Grus ApS, Danders & More has assisted in connection with a succession process in the company, which originally was started back in the 70’ies.

One of the original founders, Asklev Sten og Grus ApS was bought out and a new ownership agreement was concluded with the remaining founder and Roskilde Sten & Grus.

Danders & More has assisted in the sale of 3byggetilbud.dk A/S to the largest Norwegian media group, Schibsted A/S, which is specialised in the type of marketplace, on which 3byggetilbud.dk operates.

3byggetilbud.dk, headed by founder and CEO Martin Borgstrøm, is Denmark’s largest provider of building and renovation projects, with 65 employees in Copenhagen and Århus. Last year alone, the company provided more than 70,000 building projects – from consumer to specialised workmen. 3byggetilbud.dk has existed for 22 years and through the years, the company has established a national network of specialist workmen.

The sale to Schibsted A/S will strengthen the position already established by 3byggetilbud.dk and speed up the development. Martin Borgstrøm and all of the employees are looking forward to becoming a part of a Scandinavian cooperation, with Mittanbus in Norway, handling more than 300,000 projects annually, and Servicefinder in Sweden and Rakentaja in Finland.

Danders & More has advised medical specialist Erik Løntoft on all legal aspects of the transaction.

Danders & More has assisted the recognized medical specialist Erik Løntoft in the transfer of his medical practice specializing in plastic surgery, both in the public and the private sector, by structuring a succession model.

Since 2001, Erik Løntoft has acted as a general practitioner within plastic surgery, and over the years he has become one of the leading plastic surgeons in Denmark. His clinic is located in the centre of Odense.

Danders & More has assisted in the sale of Avedøre Dyreklinik ApS to VetFamily Clinic Development ApS.

VetFamily is an international chain with own veterinary clinics and a cooperation with more than 28,800 veterinary clinics worldwide.

Avedøre Dyreklinik is VetFamily’s first purchase of a veterinary clinic in Denmark.

Veterinarian Lars Bistrup will continue as manager of Avedøre Dyreklinik following the transfer of the business.

Danders & More has assisted with the sale of ipvision A/S, a Danish market leader and pioneer within cloud-based enterprise communication.

The buyer, Destiny Group, is a European leader and innovator in secure cloud communications based on its powerful and secure mobile-first products and UCaaS. Destiny Group, with headquarters in Brussels, has 700 employees in 7 European countries and an expected annual turnover of close to EUR 200 million in 2021.

The acquisition of ipvision A/S strengthens Destiny Group’s position as Europe’s largest UCaaS provider and consolidates the company’s position in the Nordics.

Danders & More has advised the owners of ipvision A/S on all legal aspects in connection with the sale of ipvision A/S. We would like to especially thank the following persons for a fantastic co-operation and a smooth process in connection with the sale of ipvision A/S: the great management team and majority owners Kenneth Andreasen, Kåre Bo Jacobsen and Peter Reich; the chairman, playing a key role in the transaction, Laurits Mathias Bach Sørensen; and the auditor, Morten Schwensen (Baker Tilly).

Dstny acquires MobiKOM to establish one of the leading B2B UCaaS suppliers on the Danish market

Once again, DANDERS & MORE has assisted Dstny with an acquisition, most recently the acquisition of MobiKOM ApS. Dstny is one of the leading European companies within the area of business communication. MobiKOM ApS is a cloud-based communications provider in Denmark, supplying Cloud PBX and VoIP telephone services to B2B customers.

In connection with the acquisition, Dstny has made the following statement:

”Having MobiKOM on board, we are not only adding a key player to the Danish market but also a company sharing Dstny’s ambition to deliver professional, flexible, readily understandable and user friendly communications solutions. MobiKOM adds extra weight to Dstny’s organisation in the middle of Denmark and contributes to the achievement of Dstny’s ambition to become the leading supplier of communications solution / UCaaS in both Denmark and Europe.”

Read more here: https://dstny.dk/opkoeb-af-mobikom/

DANDERS & MORE has assisted PARKEN Sport & Entertainment A/S in the transfer of Parken Stadium and the office towers to a 100 % owned subsidiary under the name PARKEN Ejendomme af 2023 A/S.

The purpose of the transfer of Parken Stadium and the office towers to an independent company is to make each business unit under PARKEN Sport & Entertainment A/S more transparent and agile.

In future, PARKEN Ejendomme af 2023 A/S will operate the real estate activities and handle the leasing of Parken stadium to F. C. København P/S, as well as the leasing of the premises in the office towers.

Among others, DANDERS & MORE has assisted in relation to the company law issues in connection with the transfer of the activities, including with the establishment of PARKEN Ejendomme af 2023 A/S, the transfer of the properties and of all contractual relations with lessees and other relevant parties.

The transfer has been performed in close cooperation with the board of directors, a number of competent employees in PARKEN Sport & Entertainment A/S and PwC and we would like to thank everyone for the good and efficient cooperation.

HL Display AB takes over PR TRADING-FLEKOTA A/S and becomes a direct supplier to the Danish market of in-store communication and merchandising solutions.

Since the autumn of 2023, DANDERS & MORE has assisted HL Display AB, a wholly owned subsidiary of the listed Swedish Business Group Ratos, in the acquisition of the entire shareholding of PR TRADING-FLEKOTA A/S, a company designing, developing and manufacturing display solutions etc. for retailers and suppliers of branded products in Denmark, and a distribution partner of HL Display. HL Display provides in-store communication and merchandising solutions to the retail industry in a number of other EU countries, and with the acquisition of PR TRADING-FLEKOTA A/S, the company will also be present on the Danish market.

DANDERS & MORE has assisted with the legal due diligence, the negotiations and drafting of the share transfer agreement, merger clearance from the Danish competition authorities etc.

For more information about the acquisition, we refer to the press release from HL Display.

The team from DANDERS & MORE handling the acquisition included Philip Nyholm, Mikkel Leth Petersen, Amalie Victoria Wex and Lasse Deenhardt. Moreover, KPMG acted as financial adviser to HL Display AB.

The majority of Triple Trading has been sold, and DANDERS & MORE has had the pleasure of acting as legal advisers to the sell-side.

Triple Trading was established in 2018 and has since then expanded significantly selling tailormade packaging solutions to the Danish market in particular.

The purchaser is a Danish company indirectly owned by NoHo Partners PLCE – a leading player within the restaurant industry in Europe.

DANDERS & MORE – headed by Claus Abildstrøm and Lasse Deenhardt – have assisted the sellers in the organisation of the sale, the due diligence process etc. leading up to the execution of the sale. We are proud to have contributed to the facilitation of this interesting business development.

A huge and very well-deserved congratulations to Thomas Stieler Stine Gottschalck og Thomas Rytter Gottschalck in taking this important step, and a very large thank you to all involved parties for the cooperation during the entire process, including the cooperation with the purchaser represented by Lundgrens. Moreover, we would like to say thank you for the cooperation with chairman of the board Kåre Bo Jacobsen and Morten Svendsen, and we look very much forward to continuing the exciting cooperation with Triple Trading.

DANDERS & MORE are proud to have acted as legal advisers to the sellers in connection with the sale of the majority in Nordic Beauty Company to the Dutch Dayes Group B.V.

Nordic Beauty Company distributes beauty products and products within personal care on the Nordic market in particular, and during the last couple of years, the company has experienced amazing growth and entered new markets.

The Dayes group is a large European wholesaler within i.a. beauty and personal care, and the future development of Nordic Beauty Company is therefore in safe hands.

In particular, we would like to congratulate Peter Barsberg, Henrik Bo Jacobsen and Ismail Ciftci on the sale – and at the same time wish Peter the best of luck as he continues being an active co-owner and significant part of Nordic Beauty Company and the current CFO, Morten Svendsen, who will also become owner in connection with the sale.

We would also like to thank Clearwater International Denmark, headed by Andreas Lauth Lauridsen and Kasper Hedegaard, who acted as financial advisers to the seller, as well as Morten Schwensen from Baker Tilly. Also, we had a very good cooperation with Dayes and their legal advisers from Dahl Advokatpartnerselskab.

Congratulations to everyone and the best of luck going forward.

The DANDERS & MORE transactions team was headed by Claus Abildstrøm, Mikkel Leth Petersen og Lasse Deenhardt.

EASYTRANSLATE A/S acquires 100% of the shares in WORLD TRANSLATION A/S.

EasyTranslate A/S, a leading Danish translation agency based on HumanAI, has acquired World Translation A/S, a recognized professional translation agency located in Tilst.

EasyTranslate simplifies the translation process by combining artificial and human intelligence. By purchasing World Translation, EasyTranslate combines their existing professional qualifications within HumanAI-based translations and proofreading with the acknowledged, dedicated and highly skilled translators from World Translation.

DANDERS & MORE advised EasyTranslate in connection with the transaction.

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