Denis Klimentchenko focuses on mergers and acquisitions, corporate governance, corporate financings, defense issues, and other corporate and securities matters. He also leads Skadden’s Nordic desk.
Bio
Prior to joining Skadden in November 2009, Mr. Klimentchenko worked in the audit practice of Deloitte & Touche, where he supervised audits of U.S. publicly traded companies. Mr. Klimentchenko’s representations include advising:
- The Magnum Ice Cream Company (TMICC) in its separation, demerger and spin-off from Unilever PLC, creating the world’s largest stand-alone ice cream business, with brands including Magnum, Ben & Jerry’s, Wall’s and Cornetto
- Aker ASA in a joint venture and US$1.1 billion series B funding round with Nscale Global Holdings Limited to launch Stargate Norway and their AI gigafactories, with support from OpenAI. This is the largest Series B in U.K. and European history
- EPS Ventures Ltd in its US$520 million going-private acquisition of the outstanding shares of Cool Company Ltd. it did not already own
- T1 Energy Inc. (f/k/a FREYR Battery, Inc.) in the US$340 million acquisition of the U.S. solar manufacturing assets of Trina Solar Co., Ltd.
- Xavier Niel and his holding company Atlas Investissement in the all-cash US$4.4 billion tender offer for Millicom International Cellular S.A.
- Nokia Corporation in:
- its US$2.3 billion acquisition of Infinera Corporation
- the US$374 million sale of an 80% stake in Alcatel Submarine Networks (Japan) to the French state
- a US$1 billion equity investment by NVIDIA Corporation
- the sale and transfer of its IP Video business to Volaris Group Inc. as part of their joint venture to launch Velocix
- its US$17 billion combination with Alcatel-Lucent
- its agreement to transition its Gainspeed portfolio, along with all supporting technology and assets, to Vecima Networks
- its joint venture with China Huaxin Telecommunications
- its acquisition of Panasonic System Networks Company Japan
- ICEYE Oy:
- in its $93 million growth funding round by way of an offering of convertible debt securities to a consortium of investors led by Solidium Oy
- a world leader in synthetic aperture radar (SAR) satellite systems, in connection with its financing round, including €150 million in new funding and a €50 million secondary placement
- DSV A/S in its:
- acquisition of S&M Moving Systems West LLC and Global Diversity Logistics LLC
- US$4.2 billion acquisition of the global integrated logistics business of Agility Public Warehousing Company K.S.C.P.
- US$4.6 billion acquisition of The Panalpina Group
- unsolicited bid for CEVA
- US$1.3 billion acquisition of UTi Worldwide Inc.
- Nexthink, S.A. in its acquisition of AppLearn International Limited
- V Sports S.C.S., the holding company of the Aston Villa Football Club Limited, in an investment in V Sports by Atairos Management, L.P.
- Picosun Oy in its $412 million (€390 million) acquisition by Applied Materials, Inc.
- Wejo Group Limited in its proposed (but terminated) merger with TKB Critical Technologies 1
- BillerudKorsnäs AB in its acquisition of Verso Corporation at an enterprise value of $970 million
- the special committee of independent directors of Adevinta ASA in connection with the US$13.2 billion bid to acquire Adevinta by a consortium led by funds advised by Permira and Blackstone, as well as General Atlantic and TCV
- Wolt Enterprises Oy in its £7 billion acquisition by DoorDash, Inc.
- The Forest Road Company in its acquisition of the ERT Formula E Team (United Kingdom), which has rebranded as Kiro Race Co.
- Alussa Energy Acquisition Corp. in its merger with FREYR AS, the first-ever Nordic de-SPAC. As a result of the merger, FREYR will become a publicly traded company
- Adevinta ASA in its US$9.2 billion acquisition of eBay Classifieds Group from eBay Inc.
- L’Occitane International S.A., a global luxury cosmetics group based in Europe and listed on the Hong Kong Stock Exchange, in connection with its proposed acquisition of the Elemis Group for US$900 million
- Nasdaq, Inc. in its:
- US$770 million bid for Oslo Børs VPS Holding ASA
- US$190 million acquisition of Cinnober Financial Technology AB
- Royal Caribbean Cruises Ltd. in its US$1 billion acquisition of a 66.7% stake in Silversea Cruises
- Engen Limited in the sale of certain downstream assets in 10 countries in Africa to Vivo Energy Holding BV in exchange for a minority stake in Vivo
- Hg, as lead investor, in the US$5.3 billion buyout of Visma. This was Europe’s largest-ever software buyout
- Moody’s Corporation in its €3 billion acquisition of Bureau Van Dyke
- BA Glass BV in its US$1 billion joint acquisition with CVC Capital Partners Limited of Anchor Glass Container Corporation from KPS Capital Partners, LP
- CEVA in its acquisition of certain assets of Sanofi’s animal health portfolio located across 30 jurisdictions
- IBS Group in its take-private scheme of arrangement
- Stena in its US$1.1 billion refinancing via a US$350 million Rule144A/Regulation S secured bonds offering and a US$650 million secured loan
- Marine Harvest in its U.S. registration and initial listing on the NYSE
- Algeta in its:
- US$2.9 billion sale to Bayer AG acquisition of Ukrsotsbank
- US$120 million exempt offering of 3.375% convertible bonds due 2018
- Bank of America Merrill Lynch as underwriters in a Medical Properties Trust’s €200 million U.S. public offering of 5.750% senior notes due 2020
- Alfa-Access-Renova (AAR) in connection with the US$56 billion sale of TNK-BP to Russian state-owned oil company Rosneft. AAR’s 50% stake in TNK-BP was sold for US$28 billion
- CF Industries in its:
- US$910 million acquisition of a stake in Canadian Fertilizers Limited owned by Viterra, Inc.
- US$4.7 billion acquisition of Terra Industries and its related
- $1.1 billion common stock and US$1.6 billion public note offerings
- Middleby Corporation in its six separate acquisitions of privately held companies
- Capital Shopping Centres in its US$1 billion U.S. REIT joint venture with Equity One, Inc.
- Black Diamond in its US$230 million acquisition of a bankrupt Canadian newsprint manufacturing company
- Stryker Corporation in its US$750 million U.S. public offering of 2% senior notes due 2016
- Northern Trust Corporation in its US$500 million U.S. public offering of 3.375% senior notes due 2021
Credentials
Education
- J.D., University of Illinois College of Law, 2009
- B.A., University of North Dakota, 2003
Admissions
- Solicitor, England and Wales
- Illinois
Denis Klimentchenko
Partner, Corporate
denis.klimentchenko@skadden.com