Abiram advises clients on real estate transactions, lease matters and development projects. He also provides advice in the field of environmental law and on energy-related projects and has previously worked as legal counsel at a residential developer. Prior to joining Snellman, Abiram worked as an associate at another major law firm. Abiram is currently on leave of absence.
Snellman Counsel to KLAR Partners Backed Sandbäckens in Its Acquisition of EVIAB Gruppen AB, Växjö Elmontage AB, and El & Projektering Vetlanda AB, Controlled by Storskogen Group AB
Snellman acted as counsel to KLAR Partners backed Sandbäckens in its acquisition of the three electricity companies EVIAB Gruppen AB, Växjö Elmontage AB, and El & Projektering Vetlanda AB, controlled by Storskogen Group AB. The companies have a combined turnover of approximately SEK 400 million and have around 180 employees.
Snellman’s core advisory team comprised Claes Kjellberg, Miklos Kovacs Kal, Anna Nordin Pettersson, Ulrika Wigart, and Klara Hasselberg (Private M&A), Fredrik Olsson, Carolina H. Wahlby, Rezan Akkurt, and Johan Erlandsson (Finance), Josephine Gjerstad Medina and Lisa Pålsson (Employment), Abiram Soma and Angelica Berntsson (Real Assets), Sara Heikfolk (IP & Tech), and Peter Forsberg and Sarah Ek (Competition & Regulatory).
Snellman Counsel to Tokmanni in its Acquisition of Dollarstore
Snellman acted as counsel to Tokmanni in its acquisition of Dollarstore, one of the leading Swedish discount retail chains.
Dollarstore is one of the largest discount retailers in Sweden, operating through approx. 130 stores across Sweden and two stores in Denmark. Dollarstore’s revenue totalled approximately EUR 394 million for the financial year ending on 31 January 2023.
Tokmanni is Finland’s leading variety discount retailer, with a revenue of EUR 1,168 million in 2020. Tokmanni’s shares are listed on Nasdaq Helsinki.
Snellman’s cross-border team included Claes Kjellberg, Douglas Essehorn, Alexander Lindqvist, Tanja Schnitt, and Carl Tengblad (Private M&A), Mikael Stabo, Abiram Soma, and Angelica Bengtsson (Real Assets), Antti Kuha, Annemari Rosi, and Julius Lempiäinen (Public M&A), Elisabeth Vestin and Olof Östman (IP & Technology), Carolina Wahlby, Rezan Akkurt, and Sofia Granberg (Finance), and Peter Forsberg, Philip Thorell, and Sarah Ek (Competition & Procurement).
Snellman Counsel to Equip Capital in the Acquisition of a Portfolio of Companies from Lakers Group AB (publ)
Snellman acted as counsel to Equip Capital, a Nordic private equity firm, in the acquisition of a portfolio of companies that were previously part of the Lakers Group but are now part of Vestum AB (publ). The portfolio of companies consists of 20 operating companies in Sweden, Norway, Finland, Denmark, and Germany. Closing of the transaction is expected to take place in the second quarter of 2023.
Snellman’s team included Johanna Wärnberg, Jonas Sjöberg, Emma Andersson, Tanja Schnitt, and Carl Tengblad (Private M&A), Carolina Wahlby and Amanda Alexandersson (Finance & Restructuring), Abiram Soma and Milla Mänistö (Real Assets), Josephine Lindgren (Employment), Louise Nordback (IP & Tech), and Peter Forsberg and Philip Thorell (Competition & Regulatory).
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Snellman Counsel to The Riverside Company in the Acquisition of Vita Verita AB
Snellman acted as counsel to The Riverside Company, a global private investor focused on the smaller end of the middle market, in the acquisition of Vita Verita, a specialist in cleanroom consumables and laboratory equipment, as the first add-on to Dastex Reinraumzubehör GmbH & Co. KG.
The Riverside Company is a global investment firm focused on being one of the leading private capital options for investors, business owners, and employees at the smaller end of the middle market by seeking to fuel transformative growth and creating lasting value.
Snellman’s core advisory team comprised Mikael Klang, Maja Uppgren, Nicolina Hultgren Farsani, Tanja Schnitt and Anna Nordin Pettersson, (Private M&A), Jens Rönneholm and Jenny Lundberg (Employment), Ebba Sjölin (Finance & Restructuring), Louise Nordback (IP & Tech), Abiram Soma (Real Assets), and Lars Lundgren and Peter Forsberg (Competition & Regulatory).
Snellman Counsel to ALFA Development in Its First Acquisition in the Stockholm Region
Snellman acted as counsel to ALFA Development (“ALFA”) in its indirect acquisition of two properties, with a total size of approximately 23,000 square meters, located at a marina in the Stockholm region (the “Properties”). Following a number of successful property development projects in the Malmö region, ALFA has now completed its first acquisition in the Stockholm region. ALFA will develop the Properties for housing purposes in accordance with a new zoning plan.
ALFA is a solid and well-established property developer known for the development of a number of large projects in Copenhagen. ALFA expanded its operations to Sweden in 2017. This acquisition will be ALFA’s fifth development project in Sweden in only a few years.
Our core team comprised Mikael Stabo and Abiram Soma.
Snellman Counsel to Bewi ASA in Sale and Leaseback Transaction
Snellman acted as counsel to Bewi ASA (“Bewi”) in its indirect sale of ten properties and one land plot located in Norway and Sweden. The agreed property value is approximately NOK 900 million. The buyer is KMC Properties ASA (“KMC”).
Bewi is a leading international provider of packaging, components, and insulations solutions. The transaction is structured as a sale and leaseback, through which long term lease agreements between the property-owning companies and Bewi’s operational companies were entered into in connection with the closing.
Furthermore, KMC has an exclusive right until 30 June 2023 to acquire the remaining part of Bewi’s portfolio valued up to NOK 1,1 billion.
Our core team comprised Mikael Stabo, Abiram Soma, and Andreas Wingren.
Snellman Counsel to Byggma ASA in Sale and Leaseback Transaction
Snellman acted as counsel to Byggma ASA in its indirect sale of two industrial properties located in Norway and Sweden, respectively. The total agreed gross property value is approximately EUR 22,000,000. The buyer is Vika Oppstart 100 AS, an entity managed by Vika Project Finance AS.
The Swedish industrial property is owned by Masonite Fastighet AB and located in Nordmaling municipality, where Byggma ASA’s subsidiary Masonite Beams AB manufactures I-Joists. The transaction is structured as a sale and leaseback, through which a long term lease agreement between the landlord Masonite Fastighet AB and the tenant Masonite Beams AB will be entered into on the closing date.
Our core team comprised Mikael Stabo and Abiram Soma.
Snellman Counsel to Sandbäckens in Its Acquisition of LH Ventteknik AB
Snellman acted as counsel to Sandbäckens, a provider of technical installation services, in its acquisition of LH Ventteknik AB. The acquisition continues to broaden Sandbäckens range of services within the property technology solution.
Snellman’s core team included Claes Kjellberg, Miklos Kovacs Kal, Nicolina Hultgren Farsani, Tanja Schnitt (M&A Private), Jenny Lundberg, Josephine Lindgren, Lisa Pålsson (Employment), Abiram Soma (Real Assets), Sara Heikfolk (IP & Technology), Rezan Akkurt, and Ebba Sjölin (Finance & Restructuring).
Snellman Counsel to VASS Group in the Acquisition of Zington
Snellman acted as counsel to VASS Group, a leading digital solutions company present in 26 countries in Europe, the Americas, and Asia owned by One Equity Partners, in the acquisition of Zington, a renowned Swedish IT and management consultancy company serving a strong leading client portfolio in key sectors such as retail, food industry, and banking.
The acquisition of Zington strengthens VASS Group’s presence in the Nordic market and is VASS Group’s seventh acquisition since VASS Group’s growth plan was launched.
Snellman’s core team included Mikael Klang, Maja Uppgren, Nicolina Hultgren Farsani, and Tanja Schnitt (M&A Private), Lisa Pålsson and Josephine Lindgren (Employment), Olof Östman (IP & Technology), Filip Åhsberger (GDPR), Abiram Soma (Real Assets), Markus Nilsson (Finance & Restructuring), and Peter Forsberg and Lars Lundgren (Competition & Procurement).
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