Recent Transactions

BBA//Fjeldco is assisting governmental bodies in Djibouti in preparing a legal and regulatory framework

BBA//Fjeldco is assisting governmental bodies in Djibouti in preparing a legal and regulatory framework governing the research and development of the geothermal resources in Djibouti.

BBA//Fjeldco is assisting governmental bodies in Djibouti in preparing a legal and regulatory framework
The Asian Development Bank

BBA//Fjeldco acted as a legal advisor to the Asian Development Banks in relation to a USD 250,000,000 loan facility to the Arctic Green Energy corporation and Sinopec Green Energy Geothermal Company Limited in order expand environmentally sustainable district heating services in the People's Republic of China.

The Asian Development Bank
Kvika banki hf.

BBA//Fjeldco acted as a legal advisor to Kvika banki hf. in relation to ISK 2,406,000,000 acquisition of all shares issued by Gamma Capital Management hf., an asset management company in Iceland.

Kvika banki hf.
ACTING FOR LBI EHF. IN THREE SEPARATE TORT PROCEEDINGS

BBA//Fjeldco is acting for LBI ehf. in three separate tort proceedings and where the combined value exceeds ISK 50 billion.

ACTING FOR LBI EHF. IN THREE SEPARATE TORT PROCEEDINGS
Alvotech hf. and Icelandic biopharmaceutical

BBA//Fjeldco acted for Alvotech hf., and Icelandic biopharmaceutical company focused on the development and manufacturing of high quality biosimilars for global markets, during the restructuring of Alvotech hf. BBA//Fjeldco also advised on the issuance of USD 300,000,000 by Alvotech Holding A.S.

Alvotech hf. and Icelandic biopharmaceutical
Festi hf.

BBA//Fjeldco advised Festi hf. in relation to the acquisition of Kaupás ehf. and other subsidiaries of Norvik hf. Although the value of the agreement is confidential, it is safe to say that the deal is one of the largest domestic M&A deals in recent years.

Festi hf.
Valka ehf.

BBA//Feldco advised Valka when preparing all of its basic contractual documents in relation to the sale of its innovated and patent-protected goods,services and software.

Valka ehf.
Nox Holding

BBA//Fjeldco was a legal adviser to Nox Holding ehf. in relation to the acquisition of all shares issued by Nox Medical hf., a company providing sleep diagnostic technology and sleep health solutions, and subsequent restructuring of the Nox Group.

Nox Holding
Sale of Icelandair Hotels

BBA//Fjeldco advised Icelandair hf. in relation to the sale of Icelandair Hotels and related estates to Berjaya Corporation

Sale of Icelandair Hotels
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.

BARCLAYS BANK, SEB, ING BELGIUM , ARION BANK AND BNP PARIPAS
Takeover of the Nordic travel group Travelco

BBA//Fjeldco advised Arion Bank (Iceland's largest bank listed in Reykjavik and Stockholm) in relation to its takeover of the Nordic travel group Travelco.

Takeover of the Nordic travel group Travelco
Japan Bank for International Cooperation’s (JBIC)

BBA//Fjeldco advised Japan Bank for International Cooperation’s (JBIC) New Energy and Power Finance Department/ Infrastructure and Environment Finance Group in relation to a JBIC Buyer’s Credit of HS Orka.

Japan Bank for International Cooperation’s (JBIC)
Refinancing of Arctic Green

BBA//Fjeldco acted as the lead counsel of Arctic Green Energy in the debt and equity refinancing of the company and subsidiaries.

Refinancing of Arctic Green
Private placement of Arion bank hf.

We served as the Icelandic advisor to each of the buyers in relation to the private placement of shares in Arion Bank, owned via Kaupthing’s wholly-owned subsidiary, Kaupskil ehf.

Private placement of Arion bank hf.
ACTING FOR REIKNISTOFA BANKANNA HF., THE ICELANDIC IT CENTRE FOR THE ICELANDIC BANKING SECTOR

BBA//Fjeldco advised Reiknistofa bankanna hf. (“RB”),the Icelandic IT centre for the Icelandic banking sector, in its negotiations and contracts with Arion Bank and Sopra Banking Software, whereby RB provides Arion Bank with a new deposit and payment system based on Sopra solutions.

ACTING FOR REIKNISTOFA BANKANNA HF., THE ICELANDIC IT CENTRE FOR THE ICELANDIC BANKING SECTOR
Indigo Partners

BBA//Fjeldco acted as legal advisor to US based Indigo Partners in the potential acquisition of Iceland based Wow Air.

Indigo Partners
Turkish development bank

BBA//Fjeldco was a legal advisor to Turkish Development Bank in relating a risk sharing mechanism for geothermal drilling operation in Turkey.

Turkish development bank
Eaton Vance

BBA//Fjeldco acted as a legal adviser to Eaton Vance in relation to one of its fund's participation in refinancing the second-largest privately owned home rental company in Iceland, Almenna Leigufélagið.

Eaton Vance
The Collectivié de Strasbourg Metropole

BBA//Fjeldco is providing strategic advice to Strasbourg Metropole region in France, on how to harness geothermal reservoirs in the region.

The Collectivié de Strasbourg Metropole
Acquisition of Isal from Rio Tinto

BBA//Fjeldco was a legal adviser to Norsk Hydro in relation to the acquisition of Isal from Rio Tinto

Acquisition of Isal from Rio Tinto
Arion Banki

BBA//Fjeldco was a legal adviser to Arion Bank hf. in relation to the refinancing of the Scandinavian travel and airline operator Primera Travel Group.

Arion Banki
Barclays Bank PLC, CitiGroup Global Markets Limited etc.

BBA//Fjeldco advised to Barclays Bank PLC, CitiGroup Global Markets Limited, Íslandsbanki hf. and Skandinaviska Enskilda Banken AB, in relation to a multi-currency revolving credit facility to Landsvirkjun, Iceland's main electricity utility, of a value of 200 million USD.

Barclays Bank PLC, CitiGroup Global Markets Limited etc.
Acquisition of Icelandic Iberica

BBA//Fjeldco acted for Iceland Seafood in relation to the acquisition of Icelandic Iberica, one of the leading exporters of fish.  This was one of the biggest takeovers for a listed entity in 2018.

Acquisition of Icelandic Iberica
Danske Bank, Nordea Bank

BBA//Fjeldco acted on behalf of Danske Bank and Nordea Bank in relation to the financing of Össur hf, a global leader in non-invasive orthopedics that is listed on the NASDAQ QMX Copenhagen Stock Exchange. The transaction amounted up to USD 245,000,000 and EUR 70,000,000.


Danske Bank, Nordea Bank
Innergex Renewable Energy

BBA//Fjeldco acted as a legal advisor to Innergex Renewable Energy in the acquisition of Alterra Power Corp., that holds a majority stake in the Icelandic energy producer HS Orka hf. The transaction amounted to the value of USD 1.1 Billion.


Innergex Renewable Energy
Aquisition of Lyfja

BBA//Fjeldco advised Stefnir hf., Iceland’s largest fundmanagement company on all aspects in relation to one of its fund’s acquisition of Iceland's leading pharmacy retail company Lyfja.

Aquisition of Lyfja
Bond issuance of Wow air hf.

BBA//Fjeldco acted as lead Icelandic counsel for the Norwegian company Pareto Securities in Wow air hf.’s USD 60 million bond issue in September 2018.

Bond issuance of Wow air hf.
Tommi's Burger Joint

BBA//Fjeldco acted as legal advisor in refinancing and restructuring of TBJ's operations, which is a fast growing franchise of the brand Tommi's Burger Joint, being one of the few established Icelandic franchisors, with outlets in Iceland, the UK, Denmark, Norway, Italy and Germany.

Tommi's Burger Joint
Alvotech hf.

BBA//Fjeldco was a legal adviser to Alvotech hf. in relation to an equipment financing with respect to a state-of-the-art 12,000 m2 manufacturing and laboratory facility in the Science Park of the University of Iceland of a value of USD 25,000,000.

Alvotech hf.
Alvotech hf.

BBA acted as a legal advisor to Alvotech hf., and Icelandic biopharmaceutical company focused on the development and manufacturing of high quality biosimilars for global markets, during the restructuring of Alvotech hf. BBA also advised on the issuance of USD 300,000,000 by Alvotech Holding A.S. whereas Alvotech hf., Glycothera GMBH, Alvotech Germany GMBH and Alvotech Swiss AG acted as guarantors.


Alvotech hf.
66 North

BBA//Fjeldco acted for Sjóklæðagerðin Hf., in a EUR 30.000.000 restructuring of the company

66 North
the sale of Teva's pharmaceutical factory

BBA//Fjeldco was a legal advisor in relation to the sale of Teva's pharmaceutical factory in Iceland to a group of investors.

 the sale of Teva's pharmaceutical factory
Financing of Reykjavik Geothermal Ltd

BBA//Fjeldco acted for Goldman Sachs in relation to USD 10 million financing of Reykjavik Geothermal Ltd,. and Icelandic geothermal development company focused on the development of high enthalpy geothermal resources for utility scale power production

Financing of Reykjavik Geothermal Ltd
Financing of Össur hf.

BBA//Fjeldco was a legal adviser to Nordic Investment Bank in relations to EUR 50 million financing of Össur hf.

Financing of Össur hf.
Vínlandsleið ehf.

BBA//Fjeldco acted as a legal advisor to the shareholders of Vínlandsleið ehf. in relation to acquisition by Reitir hf., Iceland's largest provider of commercial property for rent of all shares issues by Vínlandsleið ehf. The transaction was one of the largest M&A transactions in Iceland in the year 2018 involving a commercial real estate property.


Vínlandsleið ehf.
Diversis Capital

BBA//Fjeldco advised Diversis Capital in relation to the acquisition of a majority stake in the software solutions company Tempo, a subsidiary of Origo hf., a listed company in Iceland. The transaction amounted to a value of USD 34.5 million.

Diversis Capital
Acquisition of the fuel wholesaler N1 hf.

BBA//Fjeldco advised on the ISK 40 billion acquisition of Festi hf., a grocery and electronic retailer, by the fuel wholesaler/retailer N1 hf.

Acquisition of the fuel wholesaler  N1 hf.
Íslandssjóðir

BBA//Fjeldco advised Íslandssjóðir - investment fund in relation to an investment into the company Fáfnir Offshore hf. - offshore service company servicing the oil and gas industry in the N-Atlantic.


Íslandssjóðir
Acquisition of Kvikna Medical

BBA//Fjeldco was an Icelandic counsel to Alliance Family of Companies in their acquisition of controlling stake in the Icelandic technology company,Kvikna Medical. Kvikna Medical designs and manufactures software for the uptake and processing of health data. 

Acquisition of Kvikna Medical
Stefnir hf.

BBA//Fjeldco advised Stefnir hf., Iceland’s largest fund management company, on all aspects in relation to one of its fund’s acquisition of one of Iceland´s leading metalwork companies.

Stefnir hf.
City Bank, LLoyd's, JP Morgan and Morgan Stanley in relation to Brexit Capital Markets

A local counsel to City Bank, LLoyd's, JP Morgan and Morgan Stanley in relation to Brexit Capital Markets

 City Bank, LLoyd's, JP Morgan and Morgan Stanley in relation to Brexit Capital Markets
RPC Group PLC

BBA//Fjeldco advised RPC Group PLC in relation to its EUR 386 million acquisition of Promens.


RPC Group PLC
Stefnir hf.

BBA//Fjeldco was a legal adviser to Stefnir hf. in relation to its acquisition of equity in Verne Global (a data center).


Stefnir hf.
Sanpower group (China)

BBA//Fjeldco was a legal adviser to the China-based Sanpower group on certain Icelandic legal issues relating to the acquisition of the Highland group (House of Fraser).


Sanpower group (China)
Stefnir hf.

BBA//Fjeldco advised Stefnir hf., Iceland largest fund management company on all aspects in relation to one of its fund's acquisition of Iceland's leading pharmacy retail company.

Stefnir hf.
Íslandssjóðir

BBA//Fjeldco was a legal adviser to Íslandssjóðir - investment fund in relation to an investment into the company Fáfnir Offshore hf. - offshore service company servicing the oil and gas industry in the N-Atlantic.

Íslandssjóðir
Glitnir hf.

BBA//Fjeldco was a legal adviser to Glitnir hf. (formerly Glitnir bank hf.) in relation to the successful composition of Glitnir hf. The firm advised the Winding-up Board on all Icelandic law aspects of the winding-up proceedings of a value of EUR 16 billion.


Glitnir hf.
Schelcher Prince Gestion

BBA//Fjeldco advised Schelcher Prince Gestion regarding a dispute against the bankruptcy estate of a major Icelandic bank (Landsbanki).


Schelcher Prince Gestion
Kreissparkasse Köln

BBA//Fjeldco advised Kreissparkasse Köln regarding a dispute against the bankruptcy estate of a major Icelandic bank (Landsbanki).

Kreissparkasse Köln
ABM Amro, ING, Rabobank etc.

BBA//Fjeldco was legal adviser to a syndicate of international banks (ABM Amro, ING, Rabobank etc.) pertaining to an extension and amendment of financing facilities to Marel one of Iceland largest listed companies.

ABM Amro, ING, Rabobank etc.