Ásgeir Á. Ragnarsson
- Banking and Finance
- Capital Markets
- Commercial and Company Law
- Mergers and Acquisitions
- Bankruptcy and Insolvency
- Admitted in New York 1999
- University of Miami, LL.M., 1998
- Admitted in Iceland 1994
- University of Copenhagen
- University of Iceland Cand. jr., 1993
BBA//Fjeldco provided legal advice to DineOut in relation to SaltPays´s investment in the company
The software company DineOut recently secured funding from SaltPay with SaltPay becoming a shareholder in the company. The company offers restaurant and food ordering systems, checkout systems, website creations and automatic payments with QR codes. DineOut is planning to use the funding to strengthen its position in Iceland and expand its services outside of Iceland.
BBA//Fjeldco attorneys Ásgeir Á. Ragnarsson,Sigvaldi Fannar Jónsson, Brynjar Freyr Garðarsson og Ragnar Snær Kærnested provided DineOut with legal advice in relation to Salt Pay’s investment in DineOut.
BBA//Fjeldco acted as a legal advisor of Arion Bank and DNB Bank ASA in relation to a EUR 65 million financing of Arnarlax ehf.
BBA//Fjeldco provided Arion Bank and DNB Bank ASA legal advice in relation to providing a EUR 65 million term and revolving credit facilities to Arnarlax ehf. Arnarlax ehf. is one of the leading Icelandic fish farming company and owned by Icelandic Salmon AS listed on the Oslo stock exchange.
BBA//Fjeldco acted as a legal advisor to the pharmaceutical chain Lyfjaval ehf. in relation to the acquisition of its entire share capital by Lyfsalinn ehf.
BBA//Fjeldco acted as the legal advisor to the pharmaceutical company Lyfjaval ehf. during the acquisition of its entire share capital by Lyfsalinn ehf. a company partly owned by Skeljungur hf. registered on the main market of Nasdaq Iceland. The value of the transaction amounted to ISK 1,500,000,000.
Takeover bid of all shares, issued by Skeljungur hf.
BBA//Fjeldco gave advice to the structure and timing of the takeover bid, granted advice with regards to regulatory and competition matters, as well advising to the capital structure of Strengur hf. (Bidco). Furthermore BBA//Fjeldco held negotiations and covered documentation with financing parties.
Financing to Marel
BBA//Fjeldco acted as the Icelandic legal adviser to ABN AMRO, BNP Paribas, Danske Bank, HSBC, ING Bank, RaboBank and UniCredit in relation to a EUR 700 million sustainability-linked syndicated credit facility to Marel hf.
Marel hf. (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software and services to the poultry, meat and fish industries.
Marel is by far the largest listed company in Iceland. This financing gives Marel increased operational and strategic flexibility and supports the company’s long term strategy. The margin incentive structure linked to Marel performance relating to the environment, gender equality and health and safety.
Legal adviser in relation to BREXIT and other financial regulatory matters
BBA//Fjeldco acted as Legal Adviser to Morgan Stanley, CitiBank, Lloyds Banking Group, HSBC, RW Baird NASDAQ, Shanghai International Exchange and others in relation to BREXIT and other financial regulatory matters.
Legal adviser to Japan Bank for International Cooperation
BBA//Fjeldco provided legal advice to Japan Bank for International Cooperation’s (JBIC) New Energy and Power Finance Department in relation to a JBIC buyer’s credit to HS Orka (Icelandic Borrower). The credit was guaranteed by Landsbankinn and the transaction valued at USD 10 million.
Legal adviser to Lucinity group
BBA//Fjeldcoprovided legal advice to the start-up company, Lucinity Group ehf., in relationto two rounds of financing amounting to USD 8.1 million as well all corporatematters relating thereto. Lucinity Group ehf. specializes in the development ofartificial intelligence solutions in the field of anti-money laundering. Thesolution empowers its clientele, ranging from digital microbanks to tier 1 USbanks, to detect unusual behavior and transactions improving review efficiency.
Credit facility to Össur hf.
BBA//Fjeldco acted as the Icelandic legal adviser to the European Investment Bank in relation to a EUR 69 million credit facility to Össur hf., a leading global provider of non-invasive orthopaedics equipment.
BARCLAYS BANK, SEB, ING BELGIUM , ARION BANK AND BNP PARIPAS
BBA//Fjeldco advised Barclays Bank, SEB, ING Belium, Arion Band and BNP Paripas in relation to a USD 150 million credit facility to Landsvirkun, the national power company of Iceland.