Törngren Magnell & Partners

Sweden

IFLR1000 Reviews

Financial and corporate

Törngren Magnell is a Swedish transactional law firm. The firm was founded in 2006 and is located in Stockholm.

 

Focusses / specialisms

The firm’s banking team is strong. It regularly works for lenders and barrowers on the full spectrum of lending work.

In the capital markets space the firm is active on debt and equity mandates, advising clients such as international listed companies, private equity and venture capital funds, investment banks, investment funds and security companies.

The M&A team acts for both buyers and sellers, often with a private equity element. The firm regularly advises high profile mid-market Nordic private equity houses as well as several state-owned companies.

 

Key clients

Key clients include Norvestor Equity, Priveq Investment, Endúr, Posti Group, RNB Retail & Brands, MAG Interactive, NetNordic, CDON and Nelly Group, The Hans and Barbara Bergström Foundation, Saxlund Group, Inission, Prime Living, Nordea, Svenska Handelsbanken, Nykredit, Danske Bank, Hemfosa Fastigheter, NREP, Mölnlycke Holding, Samhällsbyggnadsbolaget and Litorina Capital Advisors.

 

Research period review: 31st edition (2020/2021)

The banking team had a busy year, advising both borrowers and lenders on a high volume of lending mandates. The firm was particularly active in acquisition finance, but also assisted on real estate finance, refinancing and financial restructuring matters.

In equity capital markets the firm advised a wide variety of market participants on IPOs, private placements, directed issues and reverse acquisitions. In the dept capital market area the firm did predominantly issuer side work on bond issuances.

The M&A acted for a mix buy and sell side clients on predominantly local transactions. The firm was highly active in the Swedish private equity space.

In staffing changes partner Eva Sundling joined the banking practice during the research period. Counsel Bruce McGinn departed the corporate and M&A area.

 

Deal highlights: 31st edition (2020/2021)

Arcane Crypto IPO

CDON IPO

Endúr SEK400 million acquisition of Marcon Gruppen i Sverige

Enea acquisition of Aptilo

NREP SEK1.5 billion real estate financing

Prime Living SEK640 million recapitalisation

Samhällsbyggnadsbolaget €700 million social bond issuance and €500 million perpetual hybrid bond issuance

Saxlund Group SEK85 million rights issue

Sdiptech financing to acquire Rolec

The Hans and Barbara Bergström Foundatio SEK 3.1 billion mandatory public cash offer for Internationella Engelska Skolan i Sverige Holdings II

 

Client feedback: 31st edition (2020/21)

 

Asset finance 

"My opinion is regarding Eva Sundling. She is a skilled lawyer within, among others, asset finance, payment services, securities related issues and also other types of financing." 

 

Bank lending : Lender side 

"Fully understand Swedish law but also reflecting Danish law as the financing is based on this." 

"Knowledgeable, pragmatic, fast." 

"Fast to answer questions - fast to produce documents - accurate - high business integrity." 

"High competence - high level of service - positive attitude - easy accessibility - effective." 

"Understanding need for balance between lender and borrower, high quality of early drafts, high availability of counsels and swift response." 

"Very high level of partner interaction. Very good understanding of our needs and business. Very responsive and available." 

 

Capital markets 

"Accessibility and width." 

 

Capital markets : Debt 

"They have a long track record working with us and the knowledge of the history of the company. We have good contact and can reach the lawyer at short notice. " 

 

Financial services regulatory 

"Competent, accurate and proactive." 

"Easy to get in touch with and quick responses. " 

"Extreme service mindset. Deep know-how." 

 

Investment funds 

"Deep industry knowledge. Precision in advice and seniority. High-impact advice. Superb customer service." 

 

M&A 

"Very professional - knowledgeable - thorough." 

 

Cecilia Rudels 

"Responsive. Skilled." 

"Available, solutions oriented and client centric. Obviously appreciated also by borrowers as many of them want us as a bank to have her as counsel." 

"High level of interaction. Availability and knowledge and willingness to explain. Understanding of our business and needs." 

 

Eva Sundling 

"Very good service in a timely manner." 

"Knowledgeable." 

"Competence; communication skills; negotiation skills (vs. our client's lawyers); positive attitude; in general exceeding our expectations." 

"Eva has customer focus and is very skilled in the financing and payment service areas. She was very much appreciated as a legal adviser within the bank and I'm sure she is doing well also at the law firm. " 

 

Johan Wigh 

"Cares about his clients. Has deep knowhow on a wide range of topics." 

"Very analytical; good business sense; thorough in evaluations; nice to work with; right attitude with business partners." 

 

Niclas Högström 

"Problem solver. Thinks on his feet. Understands complex context. Excellent to work with when negotiating large deals; understands role well." 

 

Sandra Broneus 

"Knowledge; proactive; eager to help." 

 

Tobhias Brandell 

"His long track record and knowledge of the company from start of 2017. Easy to contact with short notice." 

"Very fast to answer mails and calls. Always will help us in the best way. High level of business integrity. Even if his colleagues are working on our case, he is always available for questions."