Acquiring a Danish company - Financing The Acquisition Using the Target's Funds

David Hjortsø, Senior Legal Adviser, Danske Bank, Denmark

Acquiring a Danish company poses much the same challenges as acquiring a company in most other jurisdictions. However under Danish law issues may arise relating to the financing of the acquisition and the post-acquisition cash flow of the acquired Danish companies. The issues arise as a result of limitations that are only to some extent found in other jurisdictions , and thus are often the obstacle that acquirors not familiar with Danish law will face. This article will provide an overview of the limitations relating to the financing of an acquisition of a Danish company and the most common ways an acquiror can structure the acquisition around these limitations.

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Denmark Mergers & Acquisition Banking & Finance November 2010 Vol. 4, No. 13, Autumn 2010

David Hjortsø

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David Sander Hjortsø currently works as a Senior Legal Adviser in Danske Markets.

Danske Bank

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Danske Markets is the investment banking brand of the Danske Bank Group, which is the largest Danish bank and one of the largest Scandinavian banks. David works primarily with corporate and institutional banking and acquisition and leveraged finance at Danske Bank. For more information regarding Danske Markets please see www.danskemarkets.com or www.danskebank.com

Denmark Mergers & Acquisition Banking & Finance November 2010 Vol. 4, No. 13, Autumn 2010
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