IFLR1000 Reviews

Financial and corporate

The Swedish law firm Vinge was established as a result of a merger of several law firms in 1983. In addition to domestic offices in Stockholm, Gothenburg, Malmö and Helsingborg, the firm has offices in Brussels and Shanghai.

 

Focusses / specialisms

The firm has a broad cover in a host of financial and corporate areas.

Its banking team is market leading and works across a wide mix of transaction types including acquisition finance, structured finance, project finance and financial restructuring, and can represent both borrowers and lenders.

In equity capital markets work the firm is also among the best in Sweden and often appears as an issuer counsel on IPOs. The firm’s debt capital markets team deals on a mix of transactions for issuers such as on large MTN programmes, domestic and international issues and hybrid bond issues.

In M&A the firm has a stronghold in the Swedish market by conducting market-leading work.

The firm has an active which often acts on wind power and renewable energy mandates for developers.

It is also visible in the Swedish restructuring and insolvency space where it stands out in terms of variety of matters covered.

 

Key clients

Key clients include BHG Group, Investor AB, EQT, Altor, Nordic Capital, Bain Capital, Cinven, Litorina, The European Investment Bank, Nordea Bank, Swedbank, Handelsbanken, SEB Goldman Sachs and Equinor.

 

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

Although the banking team was active across the board on loan transactions, its primary area of focus was acquisition finance where it worked typically on the borrower side on large mandates.

In equity capital markets the firm was visible on several listings on Nasdaq Stockholm’s main market and First North, in addition to engagements on share and rights issues. Note and bond issuances represented the bulk of the work for the firm’s debt capital markets team which acted for both issuers and arrangers alike. The firm was also active in the Swedish structured finance and securitisation market for varied clientele.

In M&A the firm acted on some of the market’s most impactful public offers, acquisitions, mergers and investments such as SBB’s public offer for Entra and Lone Star Funds’ divestment of Stark Group to CVC Capital Partners.

In projects work the firm continued to be mostly focused on renewable energy sector work, whilst demonstrating capabilities in supporting projects in other Swedish sectors.

The restructuring and insolvency team saw an uptick in activity in insolvency work, in-court reorganisations and out of court reorganisations and refinancings.

In personnel changes counsel Sofia Törnroth‑Nyberg and Mercedes Anderås Lennartsson departed the firm’s banking and restructuring and insolvency practice respectively. Counsel Daniel Prawitz was hired in projects.

  

Deal highlights: 31st edition (2020/2021)

Consortium comprising Fredensborg, Fredensborg Bolig, Norwegian Property and Union Real Estate Fund III Holding NOK 7.7 billion financing to acquire Veidekke Swedish and Norwegian property portfolio

Evolution Gaming SEK20 billion cash offer for NetEnt

IKEA Finland acquisition of Verhonkulma, Långmossa and Ribäcken wind farms

CVC Capital Partners acquisition of Stark Group

Raftsjöhöjden and Ollebacken wind projects

Roar BidCo SEK25 billion offer for Recipharm

SAS SEK14.25 billion recapitalisation

SBB NOK30 billion offer for Entra

Svenska Handelsbanken $1 billion convertible bond issue

Verisure Holding €2.15 billion bond issue

 

Client feedback: 31st edition (2020/21)

 

Banking and finance 

"Vinge is our preferred choice in Sweden. They always provide top-quality advice." 

"Well skilled and great competence in insolvency area." 

"Highly competent and customer focused." 

 

Capital markets : Equity 

"Vinge is a top-tier Swedish law firm with a particularly strong background in equity, debt and M&A. They are very familiar with all types of financing situations and used to handling the combination of international market practice combined with how that is best implemented in Swedish company law. Feedback on their work both from our team and our investors has been very positive. They are also a full-service law firm and we have used a number of their other departments for specialist roles such as property transactions and tax, they have all been of very high quality. " 

"Very competent team, both from a legal and commercial perspective. Puts the client first and gets the job done." 

 

Capital markets : Structured finance and securitisation 

"They provide seamless, prompt and accurate service, are very friendly to deal with and manage to work within their budget. Their legal input is always very good and spot on." 

 

Financial services regulatory 

"Professional, experienced, competent, easy to work with, responsive to our needs. Focuses on the advice asked for and not producing unnecessary documentation that we need to pay for." 

 

Investment funds: Private equity funds 

"Overall high quality. Quick response to requests." 

 

M&A 

"Competent, fast and service-minded." 

"Excellent law firm with in-depth knowledge of Swedish law and local practices. " 

"Excellent services. Quick and practical." 

"Business-oriented, quick, skill, pragmatic, easy." 

"Professional. Hard-working. Service minded. Strong analytical - and communication - skills." 

"Professional, business-oriented and thorough." 

"Strategic guidance. Deal structuring. Negotiations." 

"Structured, fast, experienced, wise. Business-minded." 

"They are very professional and easy to access if you have any worries etc. It was a very smooth ride!" 

"Vinge is the market leader in the Nordics when it comes to transactional support as well as equity capital markets advice. The teams are sharp, always available, hard-working and very knowledgeable, almost without exceptions. Further, the teams tend to be gender diversified in a way which is unprecedent in most law firms." 

 

Private equity 

"They are extremely responsive and speak the client's language." 

 

Anna Palmérus 

“Competent and deliver on time.” 

 

Charlotte Levin 

“Responsive, competent and professional.” 

 

Christina Kokko 

“Christina is a top-performer, highly knowledgeable in the field of M&A. There is no deal she cannot get her and the counterparty to agree on. She understands the commercial drivers and is able to break down negotiations and sort out what matters to each side and what matters not, and finds ways forward.” 

“She is extremely collegiate and helps clients navigate the Swedish market.” 

 

David Andersson 

“Very competent. Impeccable integrity/ethical compass. Services minded - puts the clients first and always gets the job done in a timely manner. Hard worker.” 

 

Henrik Ossborn 

“Very good to deal with, delivers always on time, within budget and provides excellent legal service.” 

 

Johan Winnerblad 

“Johan Winnerblad is a very experienced and expert lawyer when it comes to equity transactions and M&A. He stands out when it comes to addressing really difficult questions that other lawyers struggle with. He both understands them, can explain the clearly and find innovative solutions to the problems. He has a high degree ethics and is always available on short notice when needed.” 

“He has all positive the attributes of the firm.” 

“Quick, pragmatic and experienced.” 

 

Jonas Bergström 

“Innovative, driven, and solution oriented.” 

 

Kristian Ford 

“Calm, to the point and also innovative.” 

 

Louise Brorsson Salomon 

“She is really nice and easy to work with. She is always available and provides top quality advice.” 

“Louise is Stockholm's strongest buy-side finance partner. Very knowledgeable, and with a super-strong team boosted by excellent leadership it seems.” 

 

Morgan Hallén 

“Thorough, and a good knowledge of our business.” 

 

Peter Sundgren 

“Excellent listener. Always find practical solution without over legal engineering.” 

“Peter is always available and is an exceptional lawyer! Our legal and investment teams especially appreciate his practical legal advice. Legal documentation is always clear, simple and strong at the same time!”