Technology M and A 2026

DENMARK Trends and Developments

Trends and Developments Contributed by: Simon Milthers, Thomas Bøgedal Kristiansen, Mikkel Friis Rossa and Emil Steenberg Bech-Bruun

Bech-Bruun is among the most significant com- mercial law firms in Denmark, boasting the largest and most experienced corporate/M&A/capital mar- kets team in the Danish market. Bech-Bruun’s M&A group comprises approximately 70 legal specialists across the firm’s offices in Aarhus and Copenhagen. The quality of Bech-Bruun’s partners and associ- ates is unsurpassed in the Danish market. The firm possesses the expertise, experience and resources

required to handle the largest and most complex transactions. Bech-Bruun possesses specific indus- try knowledge in all major Danish sectors, including technology, financial services, pharmaceuticals, IT, energy and shipping, and is a market-leading adviser in these sectors. The firm’s M&A and capital markets department collaborates closely with leading sector experts, offering a full-service, commercial approach to transactions across a wide variety of sectors.

Authors

Simon Milthers is a partner at Bech- Bruun, where he specialises in M&A and corporate law. Simon has advised on numerous transactions in the past 20 years, including in the energy, utilities and infrastructure sectors, as

Mikkel Friis Rossa is a partner at Bech-Bruun, where he heads the IP and technology department’s team of more than 40 highly experienced lawyers specialised in in-depth advice related to data and cybersecurity

well as in the tech and biotech space – gaining extensive expertise in the sector’s complex regulations. In addition to his corporate law practice, Simon also advises on chairships, shareholders’ agreements, venture investments, reorganisations, corporate governance, and contract law. He is a member of Bech-Bruun’s board of directors, the Danish Corporate Law Association and the Danish Venture Capital and Private Equity Association.

matters. Mikkel is a “tech and compliance lawyer” in the “digital age”, who helps clients to navigate the jungle of new EU digital legislation and is recognised and praised for his ability to identify and take advantage of the synergies between the different pieces of tech/digital regulation. Market researchers and clients consider him to be “in a league of his own” within the complex field of cybersecurity (NIS2, DORA and CRA), AI and data/GDPR in Denmark.

Thomas Bøgedal Kristiansen is a partner in Bech-Bruun’s M&A group, renowned for his exceptional expertise and specialisation in private M&A and venture capital, with a distinct focus on serving private

Emil Steenberg is a partner at Bech-Bruun and specialises in larger complex public and private M&A deals as well as equity capital markets (ECM) transactions, including IPOs, private placements, rights

equity clients and facilitating growth investments (particularly in the technology sector). Throughout the years, Thomas has demonstrated his proficiency by advising a multitude of global and local private equity sponsors – as well as Danish and international industrials – across all facets of M&A transactions. Thomas has been with Bech-Bruun since 2008, having previously spent some time working with Simpson Thacher & Bartlett in London.

issues and public takeovers. He is highly regarded by clients and regularly advises Danish blue-chip clients on ECM matters, including buybacks and secondary offerings as well as regulatory matters. Emil is known for his ability to find innovative solutions to complex transactional issues and is considered a rising star in the Danish capital markets space.

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