Denis Klimentchenko is the head of Skadden’s Nordic desk and focuses his practice on mergers and acquisitions, advising clients across a range of industries on complex, cross-border transactions. In addition to his M&A work, Mr. Klimentchenko has substantial experience in European defense and defense tech, corporate governance, financings and a variety of other corporate and securities matters.
Bio
Before joining Skadden, Mr. Klimentchenko worked in the audit practice at Deloitte & Touche, where he supervised audits of U.S. publicly traded companies. This experience provided him with a strong foundation in financial reporting, which enables him to provide clients with comprehensive advice on all aspects of their most significant corporate matters. 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 $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 $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 $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 $4.4 billion tender offer for Millicom International Cellular S.A.
- Nokia Corporation in:
- its $2.3 billion acquisition of Infinera Corporation
- the $374 million sale of an 80% stake in Alcatel Submarine Networks (Japan) to the French state
- a $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 $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, a world leader in synthetic aperture radar (SAR) satellite systems, 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
- 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
- $4.2 billion acquisition of the global integrated logistics business of Agility Public Warehousing Company K.S.C.P.
- $4.6 billion acquisition of The Panalpina Group
- unsolicited bid for CEVA
- $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 $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 $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 $900 million
- Nasdaq, Inc. in its:
- $770 million bid for Oslo Børs VPS Holding ASA
- $190 million acquisition of Cinnober Financial Technology AB
- Royal Caribbean Cruises Ltd. in its $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 $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 $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 $1.1 billion refinancing via a $350 million Rule144A/Regulation S secured bonds offering and a $650 million secured loan
- Marine Harvest in its U.S. registration and initial listing on the NYSE
- Algeta in its:
- $2.9 billion sale to Bayer AG acquisition of Ukrsotsbank
- $120 million exempt offering of 3.375% convertible bonds due 2018
Credentials
Education
- J.D., University of Illinois College of Law, 2009
- B.A., University of North Dakota, 2003
Admissions
- Solicitor, England and Wales
- Illinois