Financial Institutions and
Real Estate

FIH Partners advised on the sale of shares in Nykredit A/S to Danish pension consortium

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Financial Institutions and
Real Estate

FIH Partners advised Realdania on the ABB of 52m shares in Danske Bank A/S

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Financial Institutions and
Real Estate

FIH Partners advised the shareholders on the divestment of Hotel Property Group to Balder

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Financial Institutions and Real Estate

As one of only a few independent financial advisors in Denmark, we offer our unbiased advisory services to domestic and foreign banks and insurance companies. Our expertise in this sector is unrivalled in Denmark and we have in recent years, advised on the largest and most complex bank and insurance transactions in Denmark, including:

  • Forenet Kredit, the association and majority shareholder of Nykredit A/S, in the sale of shares to a consortium headed by PFA, and with PensionDanmark, PKA, AP Pension and MP Pension as co-investors (deal value EUR 1.56bn)
  • Realdania on the ABB of 52m shares, worth EUR 733m, in Danske Bank A/S
  • The delisting and sale of Forstædernes Bank in a structured auction to Nykredit, a leading Danish mortgage institute and lending bank (deal value EUR 244m)
  • The sale of FIH Erhvervsbank, our parent company, to a group of institutional investors including ATP, PFA, Folksam and CPDyvig (deal value EUR 255m)
  • The acquisition of Nykredit Forsikring by Gjensidige Forsikring, the fourth largest Nordic insurance group (deal value EUR 336m)
  • Divestment of Hotel Property Group, an owner and operator of Copenhagen based hotels, to Fastighets AB Balder

In addition, we have continuously advised on the investment side with both Danish and international financial institutions and have completed investments such as PFA and PKA’s joint acquisition of a 50% stake in the 659 MW UK offshore wind farm, Walney Extension (EUR +2bn) etc. Please also refer to Renewables for related experience.

Our Partners have a deep understanding of real estate, and have worked on numerous transactions during their careers. We offer advice on situations not only surrounding the buying and selling of real assets, but rather in situations that involve complex ownership and governance structures, equity capital markets, operating companies and large and complex portfolios and projects, all of which require competencies in structuring and running processes beyond the services of traditional property advisers. Examples of our transactions include:

  • The divestment of Hotel Property Group and its portfolio of four centrally located hotel properties in Copenhagen and its operation of two hotels to the listed Swedish real estate company Balder (EUR +100m)
  • Multiple engagements by Sjælsø Group in connection with its re-financings, rights issue and corporate restructuring
  • The divestment of shares in Jeudan by Nykedit (EUR +100m)