During IFLR Europe Awards 2020 Thommessen was awarded "National firm of the year – Norway".
International Financial Law Review (IFLR) is one of the most renowned international guides to the world's leading financial law firms. The newly announced Firm of the year-award recognise legal innovation in cross-border transaction across Europe. About Thommessen, IFLR writes;
Top-tier firm Thommessen wins the 2020 national firm award for Norway. The firm worked on Vår Energi's acquisition of ExxonMobil's upstream Norwegian assets, which entailed novel handling of the seller's secondary liability for decommissioning through a guarantee between Vår Energi and ExxonMobil Norge's Dutch parents. Thomas H Lee Partners' acquisition of AutoStore include features such as soft-stapled W&I insurance and acquisition financing, and a locked-box mechanism with no post-closing purchase price adjustments. The firm was also lead counsel in Kongsberg Gruppen's acquisition of Rolls-Royce Commercial Marine; a carveout from the Rolls-Royce Group that involved direct transfers in around 15 countries.
Thommessen's mergers & acquisition practice has year after year been leading the market. Our full-service M&A practice advises on the whole range of mergers and acquisitions, from private M&A transactions to public M&A transactions.
- We are delighted to receive the award for Norwegian firm of the year by IFLR. Our M&A-team providing cutting-edge advice on the largest and most complex cross-border M&A-transactions in the market, as well as handling a big volume of the small- and mid-cap situations, and this award is another recognition of our strong and long-standing practice within this area, says Christian Grüner Sagstad, head of Thommessen's M&A practice.