Transaction: Debt Advisory
Date: December 2009
Deal value: EUR 94 million (EV)
Process: Restructuring
Industry: Financial services and real estate

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Sjælsø is one of the leading property developers in Denmark and is behind some of the hallmark buildings of Copenhagen. Sjælsø develops commercial, retail and residential property projects in Denmark, Sweden, Norway, Finland and Poland.

Dividing the ownership of Copenhagen Towers gives Sjælsø full control of stages 3 to 5 and releases substantial management resources, while also reducing Sjælsø’s overall risk relating to the existing guarantees issued as a party to the joint venture.

The restructuring is part of a complex refinancing and restructuring arrangement coordinated by FIH Partners as exclusive financial advisor to Sjælsø.