Solicitors governing body: Sveriges Advokatsamfund
Competition authority: Konkurrensverket
Financial regulator: Finansinspektionen
IFLR1000 ranking categories for this jurisdiction:
Financial and corporate (published October) – Banking and finance, Capital markets, M&A, Restructuring and insolvency
Energy and infrastructure (published June) – Energy and infrastructure
The most populous of the Nordic nations, Sweden has an economy of similar size to that of Denmark and one which shares many of the social welfare characteristics of its Scandinavian neighbours. It is ranked as one of the most open and developed societies in the world, and one of the very best in which to do business.
A constitutional monarchy and parliamentary democracy, the stable government and openness of the business community make it a very attractive site for foreign investors looking for a ‘safe’ option. The economy itself is a mix of industries, with exports in engineering and technology playing an important part alongside the export of natural resources like timber and iron ore.
Much like its Scandinavian neighbours, the legal market in Sweden is heavily dominated by domestic firms. However, unlike Norway and Denmark there is also a notable international and regional presence, with firms from the UK, US and Finland also acting on notable matters.
Lawyers are generally perceived to be of the very highest standard, comparable to the best anywhere in Europe, and many will have spent some time with major international firms in London or New York in the past.
There are very few restrictions on the practice of law. Foreign lawyers and firms simply have to comply with the requirements of domestic firms.
Jonathan Moore – Journalist EMEA
Baker McKenzie is recognised for its strength in the banking and M&A spaces. The firm is known to have close working relationships with international and Nordic banking groups, and often works on some of the market’s leading financial transactions.
The banking team has often represented the borrowers during the research period, acting for the likes of private equity houses such as FSM Capital and Proventus on acquisition financings. Other highlights included working alongside the firm’s global offices in advising on the financing elements of Tata AutoComp Systems’ acquisition of TitanX, and McDonald’s divestment of its Nordic operations to Terra Firma.
In debt capital markets work, the firm was involved in several bond and hybrid capital issuances.
In the equity space the firm participated in IPOs, rights issues and private placements. The firm represented lenders including Carnegie Investment Bank, Danske Bank and Sundal Collier on the IPOs of Swedish companies such as Balco, BioArctic, Bonesupport and iZettle.
The M&A team has been active across sectors including healthcare, logistics and retail, particularly within the private equity space. A recent highlight saw the firm act for Bain Capital and Diversey on the acquisition of floor-cleaning manufacturer, Twister.
A notable staffing change saw the arrival of corporate partners Mathias Hansson and Mats Rooth, and their teams, from the now-dissolved Baumgarten Byström Rooth & Partners. On the other side, banking partner Sofia Törnroth Nyberg departed to join Vinge as a counsel.
Besides those mentioned, other recent clients of the firm include DNB Markets, General Atlantic and Transcom.
“Good team, teamwork, available, flexible, and hard-working.” – Capital markets
“Leading law firm globally and locally.” – M&A
Cederquist is one of the preeminent Swedish domestic firms and a leader in the banking and finance space.
The banking team has worked on high-profile refinancings and acquisition financings in the pharmaceutical, real estate and telecommunication industries during the research period. The firm generally acts for lenders and has acted for the likes of Danske Bank, DNB and Swedbank in recent deals.
In the capital markets area, the firm has had roles on significant debt and equity issues. Its bond work included advising on a number of high-yield offerings for the likes of Goldman Sachs and the Royal Bank of Scotland. In the equity space, the firm has increased its market share and has worked on mandates for lenders including Berenberg, Carnegie and SEB.
Private equity work forms a large part of Cederquist’s M&A work, with the firm representing the likes of CRM Partners, Nordic Capital and Polaris Private Equity. Several deals also involved a complex, cross-border elements, such as representing Marlin Equity Partners on its acquisition of the majority shares of international automated solutions provider, Medius.
The firm has been involved in noteworthy distressed transactions and corporate recovery work during the research period, acting for a number of defaulting industrials and real estate companies.
The firm saw several notable departures during the research period with Carl Lindencrona and Mikael Magnusson moving on to become finance partners at Setterwalls. Nils Lundgren departed from the capital markets team to become a counsel at Lindahl.
Along with those outlined above, the firm has also worked with other banks including the Bank of America Merrill Lynch, JPMorgan and Morgan Stanley.
“High capability to deliver with high accuracy on short notice. It was able to meet expectations, which made us feel confident in allowing them to represent us. Very good at taking on a leading role and manage all due diligence work streams.” – M&A
“Strong market and business knowledge, excellent service and legal advice, and a good partner.” – Banking, M&A
“Extremely knowledgeable and provides invaluable experience. His goal-oriented approach, rather than process-oriented, leads to excellent innovative solutions that are much better than what we had thought of.”
“Very high work capability. Professional and charismatic, very good at maintaining a positive climate during negotiations without compromising on quality.”
The Swedish legal arm of Ernst & Young is recognised for its strength in M&A – where it has acted for buyers and sellers in sectors including energy, healthcare and transport.
Perhaps the most significant matter that the M&A team worked on during the research period saw it acting for Asahi Kasei Microdevices, a developer and manufacturer of integrated circuits and magnetic sensors, in connection with its acquisition of shares in Senseair, a developer and manufacturer of air and gas sensor modules. Other highlights include acting for investment firm Alfvén & Didrikson in connection with its divestment of its businesses, Trustly and Phoniro Group.
Notable staffing changes saw M&A specialist Björn Andersson arrive from Törngren Magnell, and Karin Ebbinghaus move in-house to Almi Invest.
Beyond those already mentioned, some of the firm’s key clients include Firesafe, ITF and the municipality of Säffle.
Hamilton has strength across the board, with its strongest practices being in banking and M&A.
The banking team has notably been active in sectors including aviation, fintech and retail, working on matters including acquisition financings and refinancing. A recent highlight for the team saw it act for the European Investment Bank (EIB) in connection with the financing for Clavister, a Swedish cyber-security software company.
Deal highlights within the capital markets space include acting for healthcare company Karo Pharma on several rights issues. The firm also assisted Danske Bank as sole global coordinator and bookrunner in connection with the IPO of MAG Interactive on Nasdaq First North Premier.
In a strong year for the M&A team, it represented the likes of Modern Times Group on its auction sale in the Baltics; food distributor Bergfalk on its sale to Litorina; and Fairford in its acquisition of Life, the largest specialist retailer of health and wellness products.
The firm is active in the restructuring and insolvency space despite the general reduction in work across the jurisdiction, and often handles bankruptcies as receivers and company reorganisations as administrators. Recently the firm has acted for the likes of Onoff Sverige and the Expert Group on large-scale bankruptcies.
Beyond those already mentioned, key clients of the firm include Deutsche Pfandbriefbank, Nordea Finans and Pareto Securities.
“The firm's competence regarding asset finance law is extraordinary. It always delivers on time and with a result that exceeds your expectations.” – Banking
“Excellent lawyers with a pragmatic and goal-oriented approach, providing accurate advice in a calm and reflected manner.” – Banking, M&A
“Very service minded and competent, hard-working, low key and without arrogance, easy to talk to, nice and polite people.” – Banking, M&A
“The firm is creative in finding solutions and is available at any time.” – Capital markets
“Good professional knowledge in the relevant area.” – Capital markets, restructuring and insolvency
“Great firm with a high degree of technical knowledge when it comes to restructuring and insolvency. Its real estate competence area is getting stronger as a result of recent partner hires.” – Project finance
“Availability and professionalism.” – Restructuring and insolvency
“Deep expert knowledge with quick responses in the insolvency area.” – Restructuring and insolvency
“High competence and high accessibility, very much value for invested time.” – Restructuring and insolvency
“Very effective and solution-oriented.” – Restructuring and insolvency
“Professional, knowledgeable, available.”
“She is an up and coming insolvency lawyer. She is very knowledgeable, pragmatic and easy going.”
Per Gustaf Ekbom
“He is, without doubt, the leader in Sweden when it comes to asset finance.”
“Very good, hard working, a team player, and knows his field of expertise - and is willing to forward matters to others lawyers when he doesn't have an answer.”
Lars Eric Gustafsson
“Has a good commercial understanding of issues.”
“Very reliable, trustworthy and hands-on partner; excellent relationship with the client and very professional towards negotiation partners.”
“Professional, knowledgeable, available, and has a good commercial understanding of matters.”
“Very high competence.”
“You can really rely on him.”
Regional Nordic firm Hannes Snellman has a focus on banking and finance and M&A, where it regularly represents private equity clients.
In the banking area the firm worked on an assortment of matters including acquisition financings and refinancings. A standout matter saw the firm act as counsel to property investment group Catella in the mezzanine financing of Tre Kronor Property Investment and its acquisition financing of a portfolio of grocery properties.
In the M&A space, the firm was involved with high-profile mandates across sectors such as fintech, real estate and textiles. Within the private equity space, the firm notably represented Vitruvian Partners in its acquisition of Easy Park, a developer of mobile parking and related communication and payment solutions, from Verdane Capital and Ledstiernan.
Among the firm’s staffing changes were the departures of M&A specialists Jan Jensen and Shoan Panahi, who both joined White & Case. Partner Björn Kristiansson also left to join Kanter.
Key clients of the firm include other private equity houses such as Bridgepoint, EQT and Triton.
“Proactive, commercial and up to date with banking terms.” – Banking
“Professional and easily accessible.” – M&A
“Proactive and commercial.”
Kanter is mostly recognised for its work within the M&A space, with its other transactional practices supporting its primary division.
The work of the banking team complements the other practices in the firm, most notably on financing matters related to acquisitions and bond issuances. Highlight mandates included representing Semantix and Segulah on matters related to amending the existing finance agreement to increase the funding for the acquisition of TextMinded.
The firm’s capital markets team (established during the research period) acts for the likes of Bure Equity, Huqvarna, and Ratos.
The M&A team acted on several deals for private equity firm Segulah during the research period, advising on the sales of Ogleand Industrier, DOCU Nordic, and Gbo Fastening Systems among other matters,
In a key staffing change, the firm added partner Björn Kristiansson and counsel Ebba Werkell to its corporate teams from Hannes Snellman. A further arrival saw M&A specialist Michael Krusin join as a partner from Ramberg.
Some other key clients of the firm include Bonnier, Fotografiska and coffee roastery, Löfbergs.
“Very professional and they pay high attention to clients.” – M&A
The team at Lindahl is recognised for its transactional M&A and restructuring work.
In banking and finance, the firm has acted on acquisition financings and refinancings, and notably advised Deutsche Pfandbriefbank on the financing of its acquisition of a large logistics portfolio.
Within the capital markets area, the firm has primarily represented issuers on the equity side. In debt capital markets, the firm has advised on high yield bond issues including for BEWi Group.
The M&A team has been active, especially in the mid-sized private equity market, with sector highlights including its advice for JPMorgan on its acquisition of Värmevärden’s district heating assets, and for Nalka Invest on its acquisition of LekoLar, a pan-Nordic supplier of educational and learning material.
Working in tandem with the banking team, the firm’s restructuring and insolvency practitioners worked on a number of mandates in the retail sector during the research period. A notable role saw the firm represent Trustbuddy, in the first bankruptcy for a peer-to-peer lending corporation.
A notable staffing change saw the arrival of partner Nils Lundgren, who joined the capital markets team.
Other recent notable clients of the firm include Microsoft, Sony Mobile and the Swedish Police.
Lindstrand has a presence within the M&A space, with a clear focus on the healthcare sector.
In the capital markets area, the firm notably acted for Norlandia Health & Care Group as it made a corporate bond issue.
A recent M&A highlight saw the team advise Adolfsen Group, through Brado, as it acquired all the shares in Frösunda, one of Sweden’s largest providers of personal assistance to individuals with special needs. The firm also provided advice on the acquisition financing aspects of the same deal.
The one significant change to the team this year saw the departure of corporate and insolvency partner Björn Hagenfeldt.
The Stockholm office of magic circle firm Linklaters is recognised for its work in M&A, banking, and equity capital markets.
The banking team secured impressive deals across a range of different sectors, acting for borrowers, lenders and sponsors. A notable financing deal saw the firm act for Morgan Stanley as the bank delivered a secured margin loan facility to a borrower established by Nordic Capital. Another highlight saw the team represent Danske Bank and Nordea on the refinancing of Transcom.
In the capital markets space, the firm splits its work fairly evenly between debt and equity work. Notably, it acted for Triton and KKR on the IPO and listing of its portfolio company Ambea on the Nasdaq Stockholm. On the debt side the firm acted for Merrill Lynch on the consent solicitation and additional Tier 1 securities issuance by Nordea.
The firm has been active in the M&A space on some of the market’s most valuable deals. Clear highlights include work alongside its global offices in representing Unilever on the auction sale of its global spreads business, and acting for Com Hem in its statutory merger with fellow telecommunications company Tele2.
Some of the firm’s notable recent clients include Microsoft, Schenider Electrics and Thomson Reuters.
“Good service provided for a capital markets matter. Quick to provide feedback and good at coming up with innovative solutions. Also found them to take pragmatic views.” – Capital markets
“Always available, hard working and relevant expertise.” – M&A
“Very good - very client minded - able to adapt and translate Swedish concepts and practices easily to a non-Swedish client and at the same time adapt to our requirements.” – M&A
Mannheimer Swartling is as a leader across the financial and corporate space and secures top tier rankings in all ranking tables.
During the research period the firm’s banking team worked on a variety of mandates for borrowers and lenders on high-profile ventures. The headline deals included advising the City of Stockholm on the expansion of a wastewater treatment plant and assisting Bankomat on a loan from a bank syndicate. On the lender side, the firm notably acted for the banks financing Hexatronic’s acquisition of Blue Diamond.
In the capital markets area, the firm has a balanced practice across debt, equity and securitisation. On the equity side, the firm kept active advising on share offers and rights issues for the likes of Bioinvent International, Nordic Capital and Scandinavian Airlines Systems.
The firm’s M&A and transactional private equity practice has worked on a number of large deals including work in the automotive, energy, and technology sectors. Highlights included acting for Spotify on acquiring online music studio Soundtrap, and representing SAAB on its three acquisitions of SKN Aerospace Applied Composites, boat producer Dockstavarvet and the repair shipyard Muskövarvet.
In the projects area, the firm has picked up roles on notable construction, infrastructure and transport projects. A clear highlight saw the firm act for Facebook on establishing its first data centre outside the USA, as it set up a base in Luleå. The firm also picked up work on an international PPP project and represented the Government of Jordan on the Disi Water Conveyance project.
In restructuring and insolvency, the firm worked for clients on formal reorganisations, loan restructurings and the recovery of debt.
Staffing changes during the research period include the departure of capital markets partner Åsa Hansdotter, who moved on to co-found HWF Advokater.
Other key clients of the firm include Danske Bank, Facebook, Nordea and Volvo.
“Sector knowledge and experience is excellent. Good in-depth legal knowledge and pragmatic advice.” – Capital markets, restructuring and insolvency
“Very good service and competence.” – Project development
“Excellent lawyer. Competent, service-minded, well-prepared.”
“He is thorough and very knowledgeable. He is easy to work with and has respect for the role of being our corporate lawyer. I have found him to be pragmatic, experienced, and innovative. In all, he is a really good lawyer and discussion partner.”
The team at Maqs is perhaps best recognised for its M&A practice, though it has also built its reputation in the banking and capital markets spaces in recent times.
The firm has a strong track record in the banking and finance area where its recent work has covered matters such as aviation and acquisition finance. Highlights include working for TUI Group in connection with expansion of its fleet with seven new Boeing 737 aircraft, and assisting Jetstream in connection with the financing and purchase of an aircraft portfolio from Rockton Aviation
In the capital markets space the firm notably acted for Powercell in connection with a directed share issue to international institutional investors. A further highlight saw the team advise software company Hoylu on its listing on Nasdaq First North.
Recently the firm has completed M&A work in areas including education, energy, gaming and retail. A key highlight saw the firm advising the founders of Swedish digital analytics company, Outfox Intelligence, on the sale of the company to Dentsu Aegis Network.
During the research period, the firm added former Delphi partners Dag Fredlund and Niklas Eskilsson its M&A team.
Beyond those mentioned, other clients of the firm include the likes of Banco Santander, Nordea, and the Royal Bank of Scotland (RBS).
Roschier is one of Sweden’s leading banking law experts, while also having a generally strong presence in transactional work (lending and financing, capital markets and M&A).
In the banking and finance space, the firm impressed with a range of significant mandates. In particular, the firm worked on a green revolving credit facility for the City of Gothenburg, and for Nordea on a novel bridge financing concerning BEWi Group.
In the capital markets area, the firm has been active in both debt and equity mandates. The firm advised the likes of Carnegie Bank and Pareto Securities on bond issues and on the establishment of debt issue programmes.
Roschier’s market-leading M&A practice has been busy, working on large cross-border and private equity deals. A standout deal saw the firm represent PayPal as it acquired Swedish financial technology firm, iZettle, in a highly publicised deal. Other recent highlights include acting for KKR in the sale of its stake in Välinge, and working for IK Investment Partners in the acquisition of the business services division of PwC Sweden.
In the projects space, the firm worked on a number of public procurement mandates for healthcare companies including Mondian, OneMed and Epic. On energy-related matters, the firm notably represented APG Asset Management on the construction of a 288MW Åskälen onshore wind power project in the Jämtland region.
In the restructuring and insolvency space, the firm represented both the borrowers on lenders on various mandates. A clear highlight saw the firm work for banks including Svenska Handelsbanken, Skandinaviska Enskilda Banken and Nordea, on the restructuring of media group, Stampen.
The firm saw several changes in personnel at counsel level, with Leo Lee, Henrik Fritz and Veronica Stiller, joining the team. Going the other way, Per-Owe Dorfh left the M&A team to join Epiroc’s in-house team
Further notable recent clients include automobile manufacturers Saab, Volkswagen and Volvo.
“Very strong capital markets team, well-staffed, timely delivery, and easy to work with.” – Capital markets
“Quick response, quality in deliveries, great verbal and written communication.” – Project development
“Knowledgeable and easy to work with.”
“Knowledgeable. Easy to work with. Has a commercial mindset.”
“Very strong, knowledgeable, trustworthy.”
“Easy to work with.”
“Very strong knowledge of market, easy to work with.”
Setterwalls is perhaps best known for its restructuring and insolvency practice, with significant developments recorded in the financial space during the research period.
In banking and finance, the firm has acted on acquisition financings and refinancings, including for Volvo on the financing of its acquisition of a Swedish logistics hub. The firm has recently worked on sovereign loan guarantees for the likes of the International Finance Corporation (IFC) and Deutsche Bank, while also representing clients such as Stadtwerke München and Elektrizitätswerk der Stadt Zürich on cross-border matters.
Within the capital markets area, the firm has put its focus predominantly on equity matters, and has acted for the issuers on a range of IPOs for life science companies including Bonesupport, IRRAS and Sedana Medical.
The firm’s M&A team notably advised Pressdata on the sale of its shares to Procuritas Capital Investors. The firm also advised Microtec on its acquisition of Clyde Space, and Fontavis on its purchase of the wind farm, Stigshöjden, from OX2.
In the projects space, the firm been primarily engaged by clients in relation to investments into the healthcare and transport sectors.
In the restructuring and insolvency area, the firm was kept busy with bankruptcy matters during the research period, and acted as the bankruptcy receiver on cases for Avestakronan, Calibra, Lan-Maser and Medge Group.
The firm’s banking practice has been strengthened by the recruitment of partners Carl Lindencrona and Mikael Magnusson from Cederquist, while counsel Andreas Löfholm also joined from PwC.
Other notable clients include Aquila Capital, Corticeira Amorim and Priveq.
“The team are superb, very easy to deal with, always responsive, know their area very well and most importantly are focused on achieving results.” – Restructuring and insolvency
“She is very good.”
The team at Törngren Magnell is recognised for its work within the banking and capital markets.
The firm’s banking team regularly worked with private equity houses and within the real estate sector during the research period. In another recent highlight the team acted for network security vendor Clavister in negotiating a financing contract with the European Investment Bank (EIB). A further notable deal saw the firm represent a syndicate of banks providing financing to an infrastructure fund managed by First State Investments in connection with the acquisition of Eon Gas Sverige.
In the capital markets space, the firm has been active on debt and equity mandates, working on bond issuances, right issues and IPOs. Notably the firm acted for Ripasso Energy in connection with its convertible bonds issue to finance its new environmentally friendly solution to turn previously wasted flare gas into energy. On the equity side, highlights included acting for H&D Wireless and JonDeTech Sensors in connection with IPOs.
Clyde Space, SaltX Technology and Svenska Aerogel are among the firm’s other clients.
“Very service minded, competent and with high availability.” – Banking
“Highly competent, extremely service minded and high availability.”
Vinge’s strongest transactional practices are in capital markets and M&A, with the firm generally maintaining a good share of the market’s significant deals in these areas. Energy, infrastructure, private equity and transport are sectors where the firm has expertise.
The firm’s banking team has been involved in a variety of transaction types - syndicated loans, project financings and financial restructuring. A few of the highlights included acting for SCA Group on finance matters following its demerger, and representing HSBC on a project finance venture in Uganda.
In equity capital markets, the firm has been very active and often appears as issuer’s counsel for mid-market companies’ IPOs. The firm has recently had successful collaborations with clients including Actic, Ambea, Boozt and Medicover. The firm’s capital markets team also dealt with a mix ofsecondary equity transactions and bond issues, notably acting for Collector Bank on its large MTN programme in February 2017.
In M&A, the firm has a stronghold in the Swedish market by conducting market-leading work by value and volume. A standout deal saw the firm represent Tele2 in the merger with Com Hem, marking the first statutory merger between two Swedish listed companies for nearly a decade. The firm also worked on buy side roles on some of the market’s larger deals, acting for Shaying International on its acquisition of Nordic Paper, and FAM on its acquisition of Sandvik Process Systems.
Project development highlights included advising BlackRock in its acquisition of a 115MW wind park, and assisting Adven on the purchase of Eon Värme Lokala Energilösningar from Eon, a high-profile deal in the sector.
In the restructuring and insolvency area, the firm has had both debtor and lender side roles on several significant bankruptcy and liquidation cases of Swedish companies.
Staffing changes during the research period included the retirement of M&A partner Bertil Villard.
The European Investment Bank (EIB), Deutsche Bank, Goldman Sachs and Skanska are among the firm’s key clients.
“Excellent quality and competence within many different areas.” – Banking, capital markets, M&A
“Long-time advisers on a variety of different transactions. Highly reliable and knowledgeable employees. Significantly reduces friction in transaction work compared to, for instance, other local firms. In particular, the availability, reliability, and speed of execution are key strengths of Vinge's.” – Banking, capital markets, M&A
“One of the premier law firms in Sweden with strong capabilities across the full product suite.” – Banking, capital markets, M&A
“Vinge is in the top of its class in capital markets.” – Capital markets
“Very good at capital market matters and M&A.” – Capital markets, M&A
“Consistent, well known and long-term partner.” – Capital markets, M&A, project finance
“High commitment, employees with great skills and well thought out strategy.” – Capital markets, restructuring and insolvency
“Fast response and high quality in all aspects of the assignment.” – Restructuring and insolvency
“Vinge is highly reactive and has true experts in insolvency.” – Restructuring and insolvency
“Truly committed to deadlines, both breadth and depth in various competency areas and skilled lawyers.” – M&A
“Very strong and swift support. Able to fully understand the culture of the client and anticipate their needs.” – M&A
“Extremely high work ethics and is client oriented. Always fun to work with while providing a sense of stability and control to the transaction process. Very hands-on despite his level of seniority. Skilled negotiator knowing what to push on and where to be pragmatic.”
“Smart. Fast thinker.”
“Distinguished, fast, efficient and straight forward.”
“Efficient and solution seeking.”
“Excellent partner in legal matters.”
“High competence. Great commitment.”
“Business oriented and able to underline in a very clear way the main differences between the client's business jurisdiction and the Sweden models.”
“Excellent team manager. Excellent customer focus.”
“Great speaking partner.”
“Pleasant. Socially well equipped. Professional.”
Louise Brorsson Salomon
“Very strong within acquisition financing, refinancing and other financing aspects.”
“Combines encyclopedic knowledge in his field with easygoing wit.”
“Solid in his field.”
White & Case is arguably the leading international firm in the Swedish market, with particular strengths in banking and capital markets.
In banking and finance, the firm has advised on a number of acquisition finance matters in the private equity space, including for Altor on its purchase of BTI and its public offer for shares in Transcom. Moreover, within the IPO financing space, the firm advised companies including Handicare and Bygghemma as they prepared to list on the main market of Nasdaq Stockholm.
In the capital markets area, the firm has been among the market’s leaders in dealing with IPOs, while the firm’s debt capital markets work has also developed during the research period. Deal highlights included working for issuers and lenders in closing the high-yield Nordic bonds of Quant, Brado and Moment Group.
In a stellar year for the Stockholm office’s M&A team, it notably led a cross-border deal by advising Ingenico on its acquisition of payments firm, Bambora, from Nordic Capital. The transaction was considered the second largest Swedish M&A deal of 2017, and demonstrated the firm’s success in acting on private equity transactions. Other notable work included acting for Nomura for its role in the sale of a Cevian Capital’s stake in Volvo, and representing Toyota in its cross-border purchase of Vanderlande.
A highlight for the restructuring and insolvency team saw them advise Mobylife on its corporate restructuring across the Nordic region.
During the research period, the firm brought in two M&A partners, Jan Jensen and Shoan Panahi, from Hannes Snellman,
BNP Paribas, Deutsche Bank, EQT and Triton are also among the firm’s key clients.
“White & Case has an extensive network and always provides up-to-date market intelligence and can give clear guidance on the pros and cons of movements on terms in the marketplace.” – Banking
“Strong local presence and advice, dynamic and agile team.” – Banking, capital markets, M&A
“White & Case is among the leading law firms in Sweden. The bank finance team combines business acumen and deep commercial understanding with excellent attention and deal experience. The firm always provides us with the highest quality of advice. We regularly leverage the global network of White & Case Stockholm to gain insights on how other players reason and act in the European, Asian and US markets. This allows us to use our advisers as a competitive edge and is a service that no other law firm in Sweden can offer us.” – Banking, capital markets, M&A
Wigge & Partners is renowned for its presence in the private equity space, particularly in the banking and M&A areas throughout the Swedish market.
The work of the banking team complements the other practices in the firm, most notably on financing matters related to acquisitions and bond issuances. In that aspect, the firm has worked on financings for several private equity clients including Altor and Procuritas during the research period. The firm advised Nexus Technology in connection with a senior secured loan from the European Investment Bank (EIB) for financing of its research and development.
The firm’s M&A team has worked across diverse sectors including financial services, healthcare, payment services and wind energy. Highlights for the team include advising Worldline in connection with its acquisition of Digital River Payments, and advising Holland & Barrett in connection with its acquisition of Hälsa för Alla.
Some other key clients of the firm include timber company SCA and private equity houses, FSN Capital and MVI.
“Very experienced team with an excellent track record within the banking and financial markets in Sweden. Exceptional service provided for large projects as well as smaller ones.” – Capital markets, M&A