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Corporate / M&A

Our lawyers assist both industrial and financial clients in relation to acquisitions, mergers, transfers of undertakings and other transactions on a regular basis. We assist all types of businesses, listed companies, private equity firms and venture funds.

Our M&A team assists with all transaction stages, from strategic advice in the introductory phases until signing and implementation. We put together a team on the basis of the complexity and scope of a transaction, and handle anything from traditional acquisitions to the largest and most complex transactions.

Our lawyers have extensive experience in advising on company law matters. We are used to working with all company and partnership structures available under Norwegian law, and advise on equity transactions, including mergers/de-mergers and share capital changes, on a regular basis.

There are also international dimensions to company law, and we count a number of international groups among our long-term clients. This has left us well placed to address the particular issues arising in relation to foreign subsidiaries or parent companies.

Our experience with the team at Kluge is that they are always up to date on what is happening in the market and what market conditions are to be regarded as “going rate”. They are constructive in the negotiation and always emphasise what is most effective and valuable for the client. Always right on point.

Legal 500, Commercial, Corporate / M&A, 2021
24/10/2023
CMS European Energy Sector M&A and Investment Outlook 2024
As the world economy increasingly embraces the push towards decarbonisation, Europe has actively sought to place itself at the vanguard of the discussion on energy trans­ition. Op­por­tun­it­ies to deploy capital abound as power sources switch further towards offshore and onshore wind, solar, heat, hydrogen, battery storage, new networks, carbon capture, and industrial decarbonisation. The latter brings an interface with other sectors such as technology companies (with power hungry data centres a particular focus), real estate, low carbon transport and decarbonisation of industrial processes such as cement, glass and steel production. As much as it is difficult, complex and highly political, the energy transition is also a huge business opportunity. To reach net zero by 2050, the International Energy Agency (IEA) estimates that global investment in clean energy alone will need to increase from the USD390bn in the first half of 2023, to USD 1.3tn in 2030. Many commentators worried that Russia’s invasion of Ukraine would put back the transition and shift Europe back towards fossil fuels. While it appears to have resulted in a renewed political focus on energy security it has also laid bare the financial and political consequences of relying on oil & gas imports, giving further impetus to renewables as a secure form of energy. Europe has also sought to be a leading light on the concept of “reaching net zero”, with the European Union (EU) having set out its ambition, back in 2019, to become the world’s first major economic bloc to be climate-neutral by 2050. This has added momentum to energy investment and M&A over recent years – 2021 and 2022 saw the second and third highest annual aggregate values of Western European M&A in the sector on record, at USD 59.8bn and USD 53.7bn, respectively, bested only by the anomalously high total of USD 89.4bn logged in 2018. Energy M&A in the region has been more subdued in 2023, but our survey demonstrates that energy executives are gearing up for a more active dealmaking period, with most expecting more opportunities and anticipating increased levels of investment in the year ahead. Capital looks set to continue to flow primarily to renewable energy projects and related assets, with solar and batteries topping the list of attractive subsectors among our respondents. Consistent with this, South West Europe takes pole position as the most promising region for investment opportunities. But there are thorns among the roses. Our respondents are cognizant of the challenges in the energy market, with supply-chain volatility and commodity price increases emerging as a prominent concern. This is unsurprising after a period of dislocation following the pandemic and amid a time of rising global demand for renewable products and commodities. Persistent inflation and elevated interest rates, combined with an uncertain macroeconomic outlook, are raising investors’ concerns, with financing risk (including the increased cost of financing) also coming to the fore for respondents. Overall, while some sense a recent softening of the market due to these fundamentals, our survey paints a picture of steadily improving investor sentiment in Europe’s energy sector, laying the foundations for a busier period ahead for M&A activity.
30/01/2023
Emerging Europe M&A Report 2022/2023
The year 2022 started with various challenges, including rising inflation and energy prices. Then the Russian invasion of Ukraine added yet another one. Nonetheless, the M&A market in emerging European countries proved to be extremely resilient. The region saw M&A activity maintain a steady pace, though deal values were notably lower. Also, variations could be observed across territories and sectors. While 2022 brought a unique set of challenges, dealmaking largely compared favourably to pre-pandemic levels. Welcome to the 2022/23 edition of the Emerging Europe report.
29/09/2022
Boom & Gloom? CMS European M&A Outlook 2023
We are pleased to share with you the 2023 edition of the European M&A Outlook published by CMS in association with Mergermarket.

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23/02/2024
CMS Kluge is thrilled to announce that Henrik Nordling is ranked as a Global...
Who's Who Legal (WWL) Thought Leaders: Global Elite brings together the insight, expertise and wisdom of some of the world’s foremost lawyers and experts in a single report. WWL describes Global Elite...
04/08/2023
Oddleif Torvik joins CMS Kluge as partner
We are pleased to welcome Oddleif Torvik as a new partner in CMS Kluge!Oddleif joined CMS Kluge as a partner with effect from August 1st. Oddleif is an experienced tax lawyer that has practiced tax law...
14/04/2023
Proposed amendments to the Norwegian Security Act will lower the thresholds...
On 31 March 2023, the Norwegian government proposed amendments to the Security Act. The proposal will notably tighten the rules on ownership control by expanding the scope of companies that are subject...
11/04/2023
CMS Kluge ranket in Merger Market
CMS Kluge is ranked #4 for M&A by deal value in Norway in Q1 2023 according to Mergermarket League Tables, and also takes the 6th spot by deal count. Although Mergermarket reports that dealmaking is at...
22/03/2023
CMS European M&A Study 2023
The CMS Corporate/M&A Group is pleased to launch the 15th edition of the European M&A Study
20/12/2022
CMS Kluge has advised Credo Partners AS in connection with the sale of...
CMS Kluge has had the pleasure to assist Credo Partners with the sale of electrical installation group Konstel Holding AS to Nimlas Group AB controlled by KLAR Partners Limited. We have since 2019 advised...
14/11/2022
New partner in CMS Kluge
We are very happy to welcome Alexander With as a partner in CMS Kluge.  Alexander comes from a position as partner in Deloitte law firm, where he was head of the indirect tax department for twelve years...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team
23/03/2022
CMS: European M&A bounced back to pre-pandemic levels, with a return...
23 March 2022 – 2021 saw European M&A booming, with a confident return to pre-pandemic levels and normal deal behaviour resuming in the majority of transactions, according to the latest annual M&A study...
09/03/2022
CMS Kluge has acted as lead counsel for P/F Bakkafrost
CMS Kluge has acted as lead counsel for P/F Bakkafrost in connection with the refinancing of P/F Bakkafrost’s existing bank facilities with a EUR 700 million five-year secured sustainability linked...
03/01/2022
The transparency register in the 4th AML directive in Norway
1. What is the current legal basis of the Transparency Register? To what extent has the directive been implemented? The Norwegian Beneficial Owner Act of 2019 (together with adjoining regulations, the...
Comparable
18/03/2021
Top rankings for Kluge in Chambers Europe 2020
Chambers Europe has published their results for 2020 Kluge is once again ranked as a band 1 firm in two of our core practice areas: Com­pet­i­tion/An­ti­trust: Public Procurement and Construction. Kluge is...