Commercial, corporate and M&A

KPMG Law in Iceland

KPMG Law in Iceland handles commercial, corporate, and M&A transactions, and has ‘a broad and practical knowledge of everything that relates to setting up, growing, and operating a company’. The practice is jointly led by Jónas Rafn Tómasson, who focuses on the intersection of corporate and tax law and advises on significant M&A, competition issues, and private equity matters; and Ásgeir Skorri Thoroddsen, who advises companies engaged in international operations, investors, and shareholders on acquisitions, mergers, and financial activities. Key associate Ævar Hrafn Ingólfsson handles M&A, corporate financing, and both domestic and international tax law matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘The KPMG team is unique due to its ability to cover multiple practice areas through its experience dealing with cross-border and international transactions across various sectors. I have worked with them on financing, corporate restructuring and M&A deals and the KPMG team has always delivered in a professional and timely manner.'
‘I have primarily worked with Ásgeir Skorri Thoroddsen and Davíð Freyr Guðjónsson. I have found both of them to be experienced in their field and knowledgeable about potential issues and resolutions when dealing with complex cross-border financings and corporate restructurings.'
‘The team has a broad and practical knowledge of everything that relates to setting up, growing, and operating a company. I've used their professional services for the whole growth journey of my company, which now has a global reach. Their understanding of the accounts and numbers and how they are linked to what needs to be done from a legal perspective is an extra benefit that I don't see everywhere.'
‘I have worked closely with Ásgeir Skorri Thoroddsen and Hrafnkell Óskarsson. They are always accessible, always thorough in their work, give clear answers and deliver on deadline. They are solutions oriented and often come up with better alternatives than what was originally asked of them. And I can feel that they care.'
‘KPMG Law in Iceland stands out due to its collaborative and solution-oriented approach. The team is uniquely equipped with deep expertise in commercial, corporate, and M&A matters, supported by a strong understanding of the Icelandic regulatory environment.'
'Partners, such as Ásgeir Skorri Thorodssen, have been particularly impressive in their availability, engagement, and in-depth knowledge of both local and international markets. Associates, have also displayed outstanding attention to detail and an ability to handle complex matters swiftly.'
‘I would say the professionalism is what makes the team unique. The team handles collaboration with other companies if needed to make your own work as little as possible but still keeping you in the loop of everything that is going on.'
‘Helgi Mar Josepsson is the reason we speak so highly of KPMG. He is extremely professional in his work. During our most recent deal Helgi's role was vital. He took care of literally everything and saved us tremendous amount of time and funds. Thinking outside the box and giving advice on situations we wouldn't think of. Could not speak more highly if him!'

Key clients

Eignarhaldsfélagið Hof ehf.
Míla hf.
Blue Lagoon
Genís hf.
Styrkás hf.
Fiskeldi Austfjarða hf. (now Kaldvík hf.)
Hagar hf.
Sunstone IV hf.
Sunstone III ehf.
Kaupfélag skagfirðinga
Activity Stream ApS
Origo hf.
SmartWorks ehf.
Andes ehf.
Arctic Circle Hotels ehf
Algaíf Iceland hf.
Arkio ehf.
Smári ehf.
Stefnir
Prescriby ehf.
Arctic Adventures
Kraftur hf.
Neckcare ehf.

Work highlights

Advised Genis ehf. on its recent funding round, successfully raising ISK1.1bn from private investors.
Served as the legal advisers to Origo hf. on its sale of specific assets, namely Booking Factory, Reserva and Caren.
Served as the legal adviser to the owner of SmartWorks ehf. in the sale of the entire issued share capital of the company to Signicant.