Snellman counsel to Incore Invest’s EUR 130 million bond issue, and it’s acquisition of CoreOrchestration
2026
Snellman acted as legal counsel to Incore Invest’s EUR 130 million bond issue made for the purpose of acquiring CoreOrchestration from Worldline, a transaction that closed last week. The bonds will be listed on Nasdaq Transfer Market, with a subsequent listing on Nasdaq Stockholm’s Corporate Bond List.
At the heart of CoreOrchestration is PaymentIQ, a SaaS payment orchestration platform built to help merchants centrally manage, optimise and scale payment flows across providers and markets.
Snellman’s advisory team for the bond comprised Carolina H. Wahlby and Lina Lundevall-Brunö (Finance and Restructuring) and Mattias Friberg, Anton Eriksson and Edvin Matton (Capital Markets). As previously communicated, Snellman’s core advisory team for the M&A transaction comprised Miklos Kovacs Scherlin, Alexander Lindqvist, Nadine Lågland, Sophia Engdahl, and Adam Jatta Kölin (Private M&A).
Snellman advisor to Vitec Software on its SEK 700 million MTN issuance
2026
Snellman acted as legal advisor to Vitec Software Group AB (publ), a provider of vertical software and an industrial acquirer of software companies, listed on Nasdaq Stockholm (Large Cap), on its placing and issuance of SEK 700 million notes under its Medium Term Note (MTN) programme with a framework amount of SEK 5 billion. The notes were admitted to trading on Nasdaq Stockholm’s Corporate Bond List.
Snellman’s advisory team comprised Carolina H. Wahlby and Lina Lundevall-Brunö (Finance and Restructuring) and Mattias Friberg, Marc Tevell de Falck and Agnes Svensson Backlund (Capital Markets).
Snellman acted as legal counsel to Incore Invest in its acquisition of CoreOrchestration AB
2025
Snellman acted as legal counsel to Incore Invest, a Swedish investment firm, in its acquisition of CoreOrchestration AB from Worldline in a carve-out transaction. The acquisition, a nine-figure deal, is expected to close in Q1 2026 and will result in CoreOrchestration operating as a standalone company under Incore Invest’s ownership.
At the heart of CoreOrchestration is PaymentIQ, a SaaS payment orchestration platform built to help merchants centrally manage, optimise and scale payment flows across providers and markets.
Snellman’s core advisory team comprised of Miklos Kovacs Scherlin, Alexander Lindqvist, Nadine Lågland, Sophia Engdahl, and Adam Jatta Kölin (Private M&A), Carolina H. Wahlby, Lina Lundevall-Brunö, and Oskar Bragée (Finance & Restructuring), Caroline Sundberg, Sina Mindus Amini, and Louise Nordback (IP & Technology), Jenny Lundberg and Lisa Pålsson (Employment), as well as Philip Thorell and Ajda Hasanovic (Competition, Procurement & Regulatory).
Snellman counsel to NP3 Fastigheter in its SEK 400 million senior unsecured green notes issue
2025
Snellman acted as counsel to NP3 Fastigheter AB (publ), a cash flow oriented real estate company focusing on commercial and high yielding investment properties and listed on Nasdaq Stockholm (Large Cap), in connection with the issuance of SEK 400 million senior unsecured green notes under the company’s existing MTN programme. Snellman also acted as counsel in connection with the tender offer for and total redemption of certain of NP3 Fastigheter’s outstanding senior unsecured green notes.
Snellman’s core advisory team comprised Carolina H. Wahlby and Lina Lundevall-Brunö (Finance and Restructuring), and Mattias Friberg and Lisa Kindstedt (Capital Markets).
Snellman counsel to IK Partners in its acquisition of Francks Kylindustri
2025
Snellman acted as counsel to IK Partners in its acquisition of Francks Kylindustri, a leading Nordic provider of installation and maintenance of commercial and industrial refrigeration systems, from Segulah V, a fund advised by Amplio Private Equity AB. The investment will be made through the IK X Fund.
Francks Kylindustri is a leading specialist provider of installation and aftermarket services within commercial and industrial refrigeration systems and was founded in 1950 with headquarters in Sweden. The operations have developed from a regional business in Sweden to a group with comprehensive coverage of the Nordics following market entry into Norway, Denmark and Finland. Francks Kylindustri has delivered consistent and profitable growth, both organically and through strategic add-on acquisitions. With the support of IK, the group aims to further consolidate its position in the Nordic market and pursue international expansion, leveraging IK Partners’ operational expertise and proven track record in building scalable, resilient businesses.
The transaction is subject to regulatory approval.
IK Partners is a European private equity firm focused on investments in the Benelux countries, the DACH region, France, the Nordic countries, and the UK. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
For further information, please refer to IK Partners’ press release here.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Tanja Schnitt, Carl Tengblad, Elin Boman and Irma Jarlén (Private M&A), Fredrik Olsson, Rezan Akkurt, Lina Lundevall-Brunö and Signe Persson (Finance), Andreas Wingren (Real Assets), Josephine Gjerstad Medina and Nellie Jönsson (Employment), Louise Nordback, Emma Johari and Anna Hultengård (IP & Tech), Philip Thorell and Emma Fröderberg Shaiek (Competition, Procurement & Regulatory).
Snellman advisor to Soltech Energy on its share exchange acquisition of Sesol Group
2025
Snellman is legal advisor to Soltech Energy Sweden AB (publ), listed on Nasdaq First North Growth Market, on its acquisition of solar energy company Sesol Group AB from Nordic Capital. The acquisition is implemented by Soltech Energy acquiring all shares in Sesol Group for a purchase price of approximately SEK 117 million being offset against new shares in Soltech Energy, issued at a subscription price of SEK 2.065 per share, resulting in Nordic Capital owning 56,691,168 shares in Soltech Energy and thus becoming Soltech Energy’s largest shareholder with 30 percent of the outstanding shares and votes in Soltech Energy after the transaction. Nordic Capital has been granted an exemption by the Swedish Securities Council in respect of the obligation to make a mandatory offer for all shares Soltech Energy that would otherwise apply because of the transactions. The acquisition is subject to approval by an Extraordinary General Meeting in Soltech Energy and further subject to regulatory approvals being obtained from the Swedish Competition Authority and from the Swedish Inspectorate of Strategic Products.
Following the completion of the acquisition, which is expected to take place during the third quarter of 2025, Soltech Energy intends to carry out an issue of new shares with preferential rights for the shareholders of approximately SEK 335 million. Nordic Capital has undertaken to subscribe for its pro rata share of the rights issue corresponding to approximately SEK 100 million and to guarantee an additional SEK 50 million of the rights issue.
Snellman’s advisory team included Mattias Friberg, Anton Eriksson, Edvin Matton and Agnes Svensson Backlund (Public M&A and Capital Markets), Claes Kjellberg and Alexander Lindqvist (Private M&A), Philip Thorell, Ajda Hasanovic and Veronica Thurin (Competition & FDI), Josephine Gjerstad Medina and Lisa Pålsson (Employment), Angelica Berntsson (Real Assets), Lina Lundevall-Brunö (Finance & Restructuring), and Louise Nordback (IP & Technology).
Snellman counsel to IK Partners in its acquisition of Tecomatic
2025
Snellman acted as counsel to IK Partners in its acquisition of Tecomatic, a leading Swedish provider of water treatment and erosion control solutions, from PEQ Invest. IK is investing from IK Small Cap III Fund’s dedicated pool of Development Capital, alongside Tecomatic’s management team who will be reinvesting.
Tecomatic is a specialist in protecting critical infrastructure and purifying marine environments, with end-to-end solutions for water treatment and erosion control. Tecomatic was founded in 1985 and is headquartered in Kalmar, Sweden.
The transaction is subject to regulatory approval.
IK Partners is a European private equity firm focused on investments in the Benelux countries, the DACH region, France, the Nordic countries, and the UK. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
For further information, please refer to IK’s press release here.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Anna Nordin Pettersson, and Irma Jarlén (Private M&A), Fredrik Olsson, Rezan Akkurt, Lina Lundevall-Brunö, and Charlotte Säker (Finance), Lisa Pålsson (Employment), Martin Rifall and Saga Christiernin (Construction), Peter Forsberg, Emma Fröderberg Shaiek, and Ajda Hasanovic (Competition, Procurement & Regulatory), Angelica Berntsson (Real Assets), and Elisabeth Vestin and Anna Hultengård (IP & Tech).
Snellman advised Vitec Software Group AB on the establishment of a new financing structure including an MTN programme and a notes issue of SEK 1 billion thereunder
2025
Snellman acted as legal advisor to Vitec Software Group AB (publ), a provider of vertical software and an industrial acquirer of software companies, listed on Nasdaq Stockholm (Large Cap), on the establishment of a new financing structure with Nordea Bank Abp and Skandinaviska Enskilda Banken AB in order to increase financial flexibility and support future acquisitions. The new financing structure includes a multicurrency revolving credit facility of SEK 3 billion and a Medium Term Note (MTN) programme with a framework amount of SEK 5 billion. Snellman also acted as legal advisor in connection with the issue of floating rate senior unsecured notes of SEK 1 billion under the MTN programme, which received very strong investor demand. The notes were admitted to trading on the corporate bond list of Nasdaq Stockholm.
Snellman’s advisory team comprised Carolina H. Wahlby and Lina Lundevall-Brunö (Finance and Restructuring) and Mattias Friberg, Marc Tevell de Falck and Love Holmgren (Capital Markets).
Snellman counsel to IK Partners in the sale of Mecenat to Inflexion
2024
Snellman acted as counsel to IK Partners and Mecenat’s management team in the sale of Mecenat to Inflexion. Mecenat is a digital marketing platform which connects students, young professionals/alumni and seniors with well-known brands by providing access to exclusive offerings, career services and relevant events.
Since IK first invested in the business in September 2021, Mecenat has more than doubled its revenue. In recent years, the Mecenat Group has expanded through the acquisitions of Seniordays in 2021, Frank Students in 2022, and Traineeguiden in 2023.
IK Partners is a European private equity firm focused on investments in the Benelux countries, the DACH region, France, the Nordic countries, and the UK, supporting companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
Snellman has acted as counsel to IK Partners since IK’s entry in September 2021, supporting the Mecenat Group on its add-on acquisitions and up until the exit in December 2024.
For further information, please refer to IK’s press release here.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Nadine Lågland and Adrian Bäck (Private M&A), assisted by Fredrik Olsson, Rezan Akkurt and Lina Lundevall-Brunö (Finance), Lisa Pålsson (Employment), Louise Nordback (IP & Tech), and Peter Forsberg and Emma Fröderberg Shaiek (Competition & Procurement).
Snellman counsel to KLAR Partners backed Sandbäckens in its acquisition of Umia Stockholm AB from the Umia Group
2024
Snellman acted as counsel to KLAR Partners backed Sandbäckens in its acquisition of Umia Stockholm AB from the Umia Group. The transaction constitutes Sandbäckens’ largest acquisition of the year and is part of Sandbäckens’ strategy for continued growth within the segments of electricity and ventilation.
Snellman’s core advisory team comprised Claes Kjellberg, Miklos Kovacs Scherlin, Isabelle Vinterskog, Ulrika Wigart, Klara Hasselberg and Sophia Engdahl (Private M&A).
Snellman counsel to Recharge, a portfolio company of Infracapital, on its EUR 180 million green debt financing
2024
Snellman acted as Swedish counsel to Recharge, an energy company and pure-play electric vehicle (EV) public charging network in the Nordics, on its EUR 180 million inaugural green debt financing.
Built since 2011, Recharge operates more than 4,500 charge points at 800 locations across the Nordic countries. The debt financing will enable Recharge to accelerate the growth of its infrastructure and energy solutions, supporting the rising demand for EV and contributing to the decarbonization of transportation across the region.
Recharge is owned by Infracapital, one of the leading European infrastructure investors. Infracapital was founded in 2001 and has since invested in over 60 businesses across Europe.
Snellman’s core advisory team included Johanna Wärnberg, Douglas Essehorn, Nadine Lågland, Carl Tengblad and Elin Boman (Private M&A), Carolina Wahlby, Ebba Sjölin and Lina Lundevall-Brunö (Finance & Restructuring), Mikael Stabo and Angelica Berntsson (Real Assets), and Lisa Pålsson (Employment).
Snellman counsel to NP3 Fastigheter, Nordea and SEB in the issuance of green SEK bonds
2024
Snellman acted as counsel to NP3 Fastigheter AB (publ), a cash flow oriented real estate company focusing on commercial and high yielding investment properties and listed on Nasdaq Stockholm (Large Cap), in the transactions concerning the company’s issuance of SEK 300 million green SEK bonds under the company’s existing MTN-program, for which Nordea Bank Abp and Skandinaviska Enskilda Banken AB acted as joint bookrunners. In relation thereto, NP3 Fastigheter was tendering certain outstanding bonds, and also made a voluntary redemption in respect of some of its outstanding bonds.
Snellman’s core advisory team comprised Carolina H. Wahlby and Lina Lundevall-Brunö (Finance and Restructuring) as well as Mattias Friberg and Anton Eriksson (Capital Markets).
Snellman counsel to Castlelake in its investment in Scandinavian Airlines
2024
Snellman acted as Swedish counsel to Castlelake, L.P. in its investment as part of a consortium for $1.2 billion debt and equity investment in the reorganized Scandinavian Airlines implemented pursuant to a Chapter 11 plan and Swedish reorganization proceeding.
Snellman’s advisory team included Richard Åkerman, Jonas Sjöberg and Aykut Aslan Yucel (Private M&A), Carolina Wahlby, Fredrik Olsson, Albert Danielsson, Oscar Bengtsson and Lina Lundevall-Brunö (Finance & Restructuring), Mattias Friberg and Emma Greiff (Public M&A), Peter Forsberg, Philip Thorell and Lars Lundgren (Competition and FDI), Pontus Ewerlöf and Gustav Lewin (Dispute Resolution) and Jenny Lundberg (Employment).
Snellman counsel to Revelop on property financing transactions
2024
Snellman acted as counsel to Revelop in several financings for Revelop in connection with acquisition of properties.
Revelop has long track-record of outperformance from investing in urban industrial, mixed-use and social infrastructure assets with repositioning and development potential. Revelop aims to invest in properties that can be made resilient for the future through various ESG initiatives such as substantial carbon footprint reduction, enhanced energy efficiency and environmental accreditation, as well as generating positive social impact.
Snellman’s core advisory team comprised Maria Orrgard, Joel Montin, Albert Danielsson, Johan Erlandsson, and Lina Lundevall-Brunö (Finance & Restructuring), Angelica Berntsson (Real Estate), and Douglas Essehorn, and Elin Boman (Private M&A).
Snellman counsel to Francks Kylindustri in its SEK 550 million senior secured bonds issue
2024
Snellman acted as counsel to Francks Kylindustri and Amplio Private Equity (formerly Segulah) in connection with the issuance of SEK 550 million senior secured bonds with the possibility of subsequent issuance of additional bonds up to a total of SEK 1,25 billion. The issuing entity will apply for an initial listing of the bonds on the Transfer Market segment of Nasdaq First North Bond Market with a subsequent transfer of listing to Nasdaq Stockholm’s corporate bond list or another regulated market within 12 months.
Francks Kylindustri is a market leading actor providing industrial and commercial temperature control solutions and services to companies in the Nordics. Amplio Private Equity is Swedish private equity firm specialising in the Nordic lower mid-market with a distinct sector focus on business services and IT & technology services.
Snellman’s core advisory team comprised Carolina H. Wahlby, Rezan Akkurt, Oscar Bengtsson and Lina Lundevall-Brunö (Finance and Restructuring) and Mattias Friberg and Anton Eriksson (Capital Markets).
Snellman counsel to NP3 Fastigheter AB, Danske Bank A/S Danmark, Sverige Filial and Swedbank AB (publ) in the issue of green bonds
2024
Snellman acted as counsel to NP3 Fastigheter AB, Danske Bank A/S Danmark, Sverige Filial, and Swedbank AB (publ) in the issue of MSEK 300 unsecured green bonds under their existing MTN program. Additionally, NP3 Fastigheter AB redeemed certain existing notes in connection with the new note issuance.
Snellman acted as transaction counsel to both NP3 Fastigheter AB as the issuer and Danske Bank A/S Danmark, Sverige Filial and Swedbank AB (publ) as joint bookrunners.
The core team at Snellman included Carolina Wahlby, Joel Montin, and Lina Lundevall-Brunö (Finance & Restructuring) and Mattias Friberg, Khaled Talayhan, and Anton Eriksson (Capital Markets).
Snellman counsel to Logent Group in Its SEK 850 million senior secured notes
2023
Snellman acted as counsel to the Logent group and Stirling Square Capital Partners (Advisers) LLP in connection with the issuance of SEK 850 million senior secured notes with the possibility of subsequent issuance of additional notes up to a total of SEK 1,3 billion. The issuing entity will apply for listing of the notes on Nasdaq Stockholm’s corporate bond list.
The Logent Group is an independent contract logistics partner to logistics-intensive companies in the Nordics and the Netherlands. Stirling Square Capital Partners (Advisers) LLP is a leading mid-market private equity firm seeking value-oriented, transformational buyouts across Europe.
Snellman’s core team included Carolina Wahlby, Oscar Bengtsson, Joel Montin and Lina Lundevall-Brunö (Finance and Restructuring) and Mattias Friberg, Khaled Talayhan and Anton Eriksson (Capital Markets), with support from Ville Säteri and Rosa Narvio (Finance, Helsinki).
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