Gunnar Thor Thorarinsson

BBA//Fjeldco provided legal advice to Islandsbanki in relation to the financing of the acquisition of French private equity firm Ardian of the telecommunications operator Míla ehf. The advice included negotiating loan documentation, bond issuance documentation, intercreditor agreement and security documentation.

The transaction represents one of the largest foreign investments in Iceland in recent years. Islandsbanki is one of the leading commercial banks in Iceland. Mila ehf. is the main telecommunications infrastructure company in Iceland. Ardian France SA is one of the largest private equity managers in Europe and is focusing on essential infrastructure.

BBA//Fjeldco acted for lenders and lessors of Icelandair Group hf. in providing Icelandic law advice in a voluntary financial restructuring with the participation of both Icelandair Group hf. stakeholders as well as the Icelandic Government. The restructuring was a result of an altered operative environment due to COVID-19.

BBA//Fjeldco was a legal adviser to BB Holding ehf. on the disposal of Icelandic cargo carrier, Bluebird Nordic(Bláfugl ehf.), to Avia Solutions Group, which owns UK broker Chapman Freebornand freighter operator Magma Aviation

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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.

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.

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