Ásgeir Á. Ragnarsson

The software company DineOut recently secured funding from SaltPay with SaltPay becoming a shareholder in the company. The company offers restaurant and food ordering systems, checkout systems, website creations and automatic payments with QR codes. DineOut is planning to use the funding to strengthen its position in Iceland and expand its services outside of Iceland.

BBA//Fjeldco attorneys Ásgeir Á. Ragnarsson,Sigvaldi Fannar Jónsson, Brynjar Freyr Garðarsson og Ragnar Snær Kærnested provided DineOut with legal advice in relation to Salt Pay’s investment in DineOut.

‍

BBA//Fjeldco provided Arion Bank and DNB Bank ASA  legal advice in relation to providing a EUR 65 million term and revolving credit facilities to Arnarlax ehf. Arnarlax ehf. is one of the leading Icelandic fish farming company and owned by Icelandic Salmon AS listed on the Oslo stock exchange.

BBA//Fjeldco acted as the legal advisor to the pharmaceutical company Lyfjaval ehf. during the acquisition of its entire share capital by Lyfsalinn ehf. a company partly owned by Skeljungur hf. registered on the main market of Nasdaq Iceland. The value of the transaction amounted to ISK 1,500,000,000.

BBA//Fjeldco gave advice to the structure and timing of the takeover bid, granted advice with regards to regulatory and competition matters, as well advising to the capital structure of Strengur hf. (Bidco). Furthermore BBA//Fjeldco held negotiations and covered documentation with financing parties.

BBA//Fjeldco acted as the Icelandic legal adviser to ABN AMRO, BNP  Paribas, Danske Bank, HSBC, ING Bank, RaboBank and UniCredit in relation to a  EUR 700 million sustainability-linked syndicated credit facility to Marel hf.

 Marel hf. (NASDAQ: MAREL; AEX: MAREL) is a leading global provider  of advanced food processing equipment, systems, software and services to the  poultry, meat and fish industries.

 Marel is by far the largest listed company in Iceland. This  financing gives Marel increased operational and strategic flexibility and  supports the company’s long term strategy. The margin incentive structure  linked to Marel performance relating to the environment, gender equality and  health and safety.

‍

BBA//Fjeldco acted as Legal Adviser to Morgan Stanley, CitiBank,  Lloyds Banking Group, HSBC, RW Baird NASDAQ, Shanghai International Exchange  and others in relation to BREXIT and other financial regulatory matters.

‍

BBA//Fjeldco provided legal advice to Japan Bank for International  Cooperation’s (JBIC) New Energy and Power Finance Department in relation to a  JBIC buyer’s credit to HS Orka (Icelandic Borrower). The credit was  guaranteed by Landsbankinn and the transaction valued at USD 10 million.

‍

BBA//Fjeldcoprovided legal advice to the start-up company, Lucinity Group ehf., in relationto two rounds of financing amounting to USD 8.1 million as well all corporatematters relating thereto. Lucinity Group ehf. specializes in the development ofartificial intelligence solutions in the field of anti-money laundering. Thesolution empowers its clientele, ranging from digital microbanks to tier 1 USbanks, to detect unusual behavior and transactions improving review efficiency.

‍

BBA//Fjeldco acted as the Icelandic legal adviser to the European  Investment Bank in relation to a EUR 69 million credit facility to Össur hf.,  a leading global provider of non-invasive orthopaedics equipment.

‍

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.