Andreas advises national and international 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.
Snellman Counsel to Mengus in the Acquisition of Solna Hilton 4
Snellman has acted as legal counsel to Mengus’s fourth fund, in the acquisition of the office property Hilton 4 in Solna.
For further information on the transaction, please refer to Mengus’s press release here.
Snellman’s core advisory team comprised Mikael Stabo, Andreas Wingren and Angelica Berntsson (Real Assets).
Snellman Finnish and Swedish Counsel to Masco Corporation in the Acquisition of Sauna360 Group
Snellman acted as the Finnish and Swedish counsel to Masco Corporation, a global leader in the design, manufacture, and distribution of branded home improvement and building products, in the acquisition of Sauna360 Group Oy. Sauna360 Group is a global manufacturer of sauna solutions, and its portfolio of products includes traditional, infrared, and wood-burning saunas as well as steam showers, rooms, and generators, sold under the Tylö, Helo, Kastor, Finnleo, and Amerec brands. Masco Corporation is listed on the New York Stock Exchange.
Snellman’s core team in Finland and Sweden included Tuire Kuronen, Agda Vähä-Piikkiö, Joonas Vartia, Wilma Montonen, Astrid Trolle Adams and Ulrika Wigart (M&A, Corporate), Simon Mittler, Liisa Vaaraniemi, Louise Nordback (IP&Tech), Ingrid Remmelgas, Anna Nyberg, Lisa Pålsson (Employment), Mikael Wood, Andreas Wingren (Real Assets), Peter Forsberg, Lars Lundgren, Sofia Saarelainen (Competition), Ville Säteri, Sofia Granberg (Finance), and Emilia Reis and Rebecca Osola (Legal Assistants).
Snellman Acted as Counsel to Magnet Forensics, Backed by Thoma Bravo, in the Acquisition of Griffeye
Snellman acted as counsel to Magnet Forensics, backed by Thoma Bravo, in the acquisition of Griffeye from Safer Society Group.
Griffeye, based in Gothenburg, Sweden, and founded in 2015, is a leader in digital media forensics for child sexual abuse investigations.
Magnet Forensics is a developer of digital investigation solutions that acquire, analyze, report on, and manage evidence from digital sources, including mobile devices, computers, IoT devices and cloud services. Magnet Forensics is backed by Thoma Bravo, one of the largest software investors in the world.
Snellman’s team was led by Claes Kjellberg and Douglas Essehorn (Private M&A), and it also included Alexander Lindqvist, Nadine Lågland, Anna Nordin Pettersson, and Ulrika Wigart (Private M&A), Carolina Wahlby and Rezan Akkurt (Finance), Caroline Sundberg, Sara Heikfolk, and Louise Nordback (IP & Technology), Jenny Lundberg (Employment), Peter Forsberg and Lars Lundgren (Competition), and Andreas Wingren (Real Assets).
Snellman Counsel to Equip Capital in the Acquisition of Remagruppen
Snellman acted as counsel to Nordic private equity firm Equip Capital in the acquisition of Remagruppen.
As the new principal owner in Remagruppen, Equip Capital will assist Remagruppen to reach continued growth and realise the vision of becoming the leading Nordic player in sustainable property-related services within external property maintenance and service. Remagruppen’s management team, including Niclas Winberg (CEO and founder), and NEA Partners are reinvesting in Remagruppen alongside Equip.
Our core team comprised Johanna Wärnberg, Douglas Essehorn, Tanja Schnitt, and Ulrika Wigart (Private M&A), Lisa Pålsson (Employment), Ebba Sjölin (Finance), Andreas Wingren (Real Assets), and Olof Östman and Louise Nordback (IP & Tech).
Snellman Counsel to Equip Capital in Its Investment in Stenbolaget
Snellman acted as counsel to Equip Capital, a Nordic private equity firm, in its investment in Stenbolaget Sverige AB, a Swedish stone supplier.
Stenbolaget produces and sells stone and stone products to private and professional customers. The production is carried out by Stenbolaget’s wholly-owned Turkish subsidiary, which has, among other things, certifications from SMETA.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Nadine Lågland, and Nicolina Hultgren Farsani (Private M&A), Josephine Lindgren and Jens Rönneholm (Employment), Carolina Wahlby and Amanda Alexandersson (Finance), Andreas Wingren (Real Assets), Olof Östman (IP & Tech), and Philip Thorell and Sarah Ek (Competition & Regulatory).
Snellman Counsel to the Power Group in Establishing Its Partnership with MediaMarktSaturn
Snellman acted as counsel to the Northern European electronics retailer Power International AS and its subsidiary Power Retail Sweden AB (the “Power Group”), in its acquisition of MediaMarkt Sweden, Europe’s leading retailer of home electronics, and thereby in the establishment of the new partnership between the Power Group and MediaMarkt.
Snellman’s core team included Richard Åkerman, Miklos Kovacs Kal, Nicolina Hultgren Farsani, Tanja Schnitt and Alexander Lindqvist (Private M&A), Peter Forsberg, and Emma Fröderberg Shaiek (Competition & Regulatory), Jenny Lundberg and Josephine Lindgren (Employment), Mikael Stabo and Andreas Wingren (Real Assets), Anna Ribenfors and Jessica Tressfeldt (IP & Technology), and Ebba Sjölin (Finance & Restructuring).
Snellman Counsel to Aneo in the Acquisition of Two Wind Farms in Sweden from Marguerite Infrastructure
Snellman acted as counsel to Aneo, a Norway-based company operating in renewable energy sector owned by TrønderEnergi and HitecVision, in the acquisition of two wind farms in Sweden from Marguerite Infrastructure, a pan-European investor in long-life infrastructure focused on greenfield and brownfield expansion initiatives. This is Aneo’s first investment in renewable energy production outside Norway.
This transaction was carried out as a part of Snellman’s multidisciplinary approach in core areas of legal work relating to green economy, sustainability, ESG, renewable energy projects, natural resources, and infrastructure. Our cross-border team includes experienced lawyers with a business understanding of different parts of the green projects and sustainability sectors and expertise in all fields of evolving green economy, such as ESG, project development, project finance, construction, real estate, energy regulation, environment, planning and regulation, procurement, state aid regulations, M&A, private equity and dispute resolution.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Alexander Lindqvist, Nadine Lågland and Emma Johari (Private M&A), Mikael Stabo and Andreas Wingren (Real Assets), and Fredrik Olsson and Rezan Akkurt (Finance & Restructuring)
Snellman Counsel to Nordic Metal Holdings in Its Acquisition of Alumeco Group
Snellman advised Nordic Metal Holdings in its acquisition of Alumeco Group, a metal wholesaler primarily within aluminum. As a part of a multinational transaction, our team acted as an advisor in Finland and Sweden. Moalem Weitemeyer acted as global lead counsel.
Nordic Metal Holdings is part of the Amari Family, an international multi-metal distributor with a network of service centers covering the whole of Europe. The acquisition is pending regulatory approval.
Our cross-border advisory team comprised Rabbe Sittnikow, Richard Åkerman, Annika Schauman, Moa Fritzon Torbjelt, Jonas Sjöberg, Tanja Schnitt, Olof Östman, Andreas Wingren, Jens Rönneholm, Santeri Jääskeläinen, Juha Ellonen, Risto Ojakoski, Josephine Gjerstad Lindgren, Philip Thorell, Wilhelm Sanmark, Anniina Jaatinen, Hilma Mäkitalo, and Tiia Mäki.
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 Sylvamo Corporation in the Acquisition of Stora Enso Paper Nymölla AB (Including Its Uncoated Freesheet Paper Mill) in Nymölla, Sweden
Snellman acted as counsel to Sylvamo Corporation, a global paper company with mills in Europe, Latin America, and North America, in the acquisition of Stora Enso Nymölla Paper AB, which is operating an uncoated freesheet paper mill in Nymölla, Sweden, for approximately EUR 150 million.
Snellman’s core team included Richard Åkerman, Miklos Kovacs Kal, Alexander Lindqvist and Nadine Lågland (Private M&A), Jenny Lundberg and Lisa Pålsson (Employment), Mikael Stabo and Andreas Wingren (Real Assets) and Olof Östman (IP & Tech).
Snellman Counsel to Schaeffler in Its Investment in the Green Impact Company H2 Green Steel
Snellman acted as counsel to Schaeffler, a leading global supplier to the automotive and industrial sectors and one of the world’s largest family companies, in its investment in the Swedish green impact company H2 Green Steel. H2 Green Steel is securing a total amount of EUR 190 million, in the first close of the series B equity financing from a selected group of investors. H2 Green Steel was founded in 2020 with the ambition to accelerate the decarbonisation of the steel industry using green hydrogen.
Snellmans core team included Johanna Wärnberg, Nicolina Hultgren Farsani, Emma Andersson (Private M&A), Andreas Wingren (Real Estate), Josephine Lindgren, Lisa Pålsson (Employment), Jessica Tressfeldt (IP & Technology), Maria Landtman, and Emmi Nuutila (Projects and Construction).
Snellman Acted as Counsel to PCP in the Provision of an ESG-linked Debt Financing to Kry International AB
Snellman acted as counsel to PCP, who provided an ESG-linked debt financing to Kry International AB, Europe’s market leader in digi-physical healthcare services, as part of their €160m fundraise.
PCP provides tailored funding solutions to mid-sized companies in Northern Europe and acts as a strategic financial partner to companies who need additional funds to expand, make acquisitions, refinance their balance sheets, or restructure their operations. Over the last two decades, PCP has engaged and invested in over 130 companies and helped them maximise their potential.
Kry was co-founded in 2014 by its CEO Johannes Schildt and has become a market leader by enabling patients to access quality healthcare, quickly and efficiently. Working in partnership with healthcare professionals, governments, and partners across Europe, Kry improves patient access to both primary and specialist care via its technology and physical care centres.
Snellman’s core team included Fredrik Olsson, Maria Orrgard, Oscar Bengtsson, Tanja Schnitt, Jenny Lundberg, Lisa Pålsson, Olof Östman, Lars Lundgren, and Andreas Wingren.
Snellman Counsel to Xindao in Its Acquisition of Vinga Sweden
Snellman acted as counsel to Xindao, a Dutch company and the leading European provider of sustainable business gifts serving over 4,500 distributors, in its acquisition of Vinga Sweden.
With the acquisition, Xindao becomes the leading provider of business gifts in Sweden and further strengthens its position across the Nordics.
Snellman’s core team comprised Richard Åkerman, Maja Uppgren, Nicolina Hultgren Farsani and Tanja Schnitt (Private M&A), Andreas Wingren (Real Asset), Josephine Lindgren (Employment), Ebba Sjölin (Finance), and Olof Östman (IP & Tech).
Snellman Counsel to Gores Guggenheim, Inc. in its Closing of Business Combination with Polestar
Snellman acted as counsel to Gores Guggenheim, Inc., a special purpose acquisition company (SPAC) formed by the affiliates of The Gores Group and Guggenheim Capital, LLC, in its business combination with the global electric performance car company Polestar. The transaction implies an equity value of approximately USD 20 billion for Polestar. The combined company will retain the Polestar name and will commence trading on the Nasdaq under the new ticker symbol ‘PSNY’ on June 24, 2022.
Polestar is a Swedish premium electric performance car brand, headquartered in Gothenburg and founded by Volvo Cars and Geely Holding. Polestar’s vehicles are available and on the road in fourteen active global markets across Europe, North America, and China.
Gores Guggenheim, Inc. completed its initial public offering in April 2021, raising approximately USD 800 million in cash proceeds. Gores Guggenheim’s strategy is to identify and complete business combinations with market leading companies with strong equity stories that will benefit from the growth capital of the public equity markets and be enhanced by the experience and expertise of Gores’ and Guggenheim’s long history and track record of investing in and operating businesses.
Snellman acted as a legal advisor to Gores Guggenheim, Inc. together with Weil, Gotshal & Manges LLP.
Snellman’s advisory team included Richard Åkerman, Douglas Essehorn, Iiris Ikkelä, and Alexander Lindqvist (M&A), Elisabeth Vestin and Anna Ribenfors (IP & Tech), Josephine Lindgren and Lisa Pålsson (Employment), Fredrik Olsson and Sofia Bengtsson (Finance), and Andreas Wingren (Real Estate).
Snellman Counsel to Accent Equity in the Investment in Norcospectra
Snellman acted as counsel to Accent Equity in the investment in Norcospectra.
Norcospectra is a specialist within tailor made interior solutions for commercial spaces with market leading presence in Norway, Poland and Sweden.
Snellman’s core advisory team comprised Claes Kjellberg, Johanna Wärnberg, Maja Uppgren, Nicolina Hultgren Farsani and Tanja Schnitt (Private M&A), Andreas Wingren (Real Asset), Jenny Lundberg and Lisa Pålsson (Employment), Albert Danielsson and Oscar Bengtsson (Finance), Peter Forsberg and Oskar Helsing (Competition & Procurement) and Olof Östman (IP & Tech).
Snellman Counsel to KLAR Partners backed Oleter Group in the Merger between Its underground infrastructure maintenance business (UIM) and Swoosh
Snellman acted as counsel to KLAR Partners backed Oleter Group in the merger between its underground infrastructure maintenance business (UIM) and Swoosh, a group active in the flushing and relining business.
Snellman’s core team included Claes Kjellberg, Miklos Kovacs Kal, Emma Andersson, Tanja Schnitt and Anna Nordin Pettersson (Private M&A), Josephine Lindgren (Employment), Andreas Wingren (Real Assets), Fredrik Olsson, Carolina Wahlby and Amanda Alexandersson (Finance), Peter Forsberg and Lars Lundgren (Competition), and Olof Östman (IP & Technology).
Snellman Counsel to Slättö in Joint Venture Investment with PEAB
Snellman acted as counsel to Slättö in the formation of a joint venture with PEAB regarding investments into residential housing in Finland.
The joint venture will be owned in equal parts by Slättö Core Plus and PEAB, with the purpose of investing in green residential buildings, focusing on larger cities. As an initial investment, two projects in Vantaa and Turku are acquired from PEAB, comprising 178 residential apartments and 705 square metres of commercial premises. The buildings will receive environmental certification.
Snellman’s team consisted of Mikael Stabo, Tuuli Pikkarainen, Andreas Wingren, Paavo Romakkaniemi, Heikki Vesikansa, Harri Vehviläinen, Piia Ahonen, Marika Sorsa, and Isabella Kartila.
Snellman Counsel to the Kingdom of Sweden in the Sale of Metria AB
Snellman acted as counsel to the Kingdom of Sweden in the sale of Metria AB to Sikri Holding AS.
Metria is a Swedish provider of GIS, geodata, business and real estate information and planning and surveying services to authorities, municipalities and companies. Metria was established in 2011 following a corporatization of a division of the Swedish Mapping, Cadastral and Land Registration Authority (Sw. Lantmäteriet).
Snellman’s core advisory team comprised Claes Kjellberg, Johanna Wärnberg, Douglas Essehorn, Alexander Lindqvist, Nicolina Hultgren Farsani, and Anna Wahlbeck (Private M&A), Peter Forsberg, Oskar Helsing and Lars Lundgren (Competition & Procurement), Andreas Wingren (Real Estate), Jenny Lundberg and Lisa Pålsson (Employment), Elisabeth Vestin and Jessica Tressfeldt (IP & Tech), and Julia Nordgren (Dispute Resolution).
Snellman Counsel to Oriola in the Formation of a Joint Venture with Euroapotheca Combining Swedish Retail Pharmacy Chains Kronans Apotek and Apoteksgruppen
Snellman acted as counsel to Oriola Oyj in the the formation of a joint venture with Euroapotheca, combining the Swedish retail pharmacy chains Kronans Apotek and Apoteksgruppen.
Oriola Oyj will contribute Kronans Apotek and certain related assets and Euroapotheca will contribute Apotekgruppen to the joint venture for a combined enterprise value of approximately EUR 700 million.
The transaction is subject to regulatory approvals.
Snellman’s core advisory team consisted of Mikael Klang, Ammar Khan, Iiris Ikkelä and Tanja Schnitt (Private M&A), Mikko Heinonen and Annemari Rosi (Public M&A), Peter Forsberg, David Olander, Marcus Nyberg and Oskar Helsing (Competition), Elisabeth Vestin and Olof Östman (IP/Tech), Jenny Lundberg and Lisa Pålsson (Employment), Markus Bremer, Carolina Wahlby and Oscar Bengtsson (Finance & Restructuring) and Andreas Wingren (Real Assets).
Snellman Counsel to Fazer Group in Its Acquisition of Trensums Food
Nordic Law Firm Snellman acted as counsel to Fazer Group in its acquisition of Trensums Food, a Swedish market-leading producer of plant-based drinks, with a strategic focus on oat drinks. Trensums Food, together with its fully owned subsidiary, generated 779 MSEK (about 77 MEUR) of net sales in the fiscal year ending April 2021. The acquisition is a further step in the implementation of Fazer Group’s growth strategy and ambition to become one of the leading players in non-dairy and plant-based food in Northern Europe. The transaction is subject to Swedish Competition Authority approval.
Trensums Food is a growth company and a leading player in liquid plant-based foods with oat drinks as its main focus. The company was the first in the world to commercially produce oat drinks and today Trensums Food sells its oat drinks to a large part of the world. In recent years, Trensums Food has invested in expanded capacity based on strong demand, which continues to grow – setting the stage for further growth in the future.
Fazer Group, the Food Experience Company, focuses on fast-moving consumer goods, operates in eight countries and exports to around 40 countries. In 2020, Fazer Group had net sales of 1.1 billion euros and almost 8,500 employees. Fazer Group’s operations comply with ethical principles that are based on the Fazer Group’s values and the UN Global Compact.
For further information, please refer to Fazer Group’s press release here.
Our core advisory team included Richard Åkerman, Miklos Kovacs Kal, Jonas Sjöberg, Iiris Ikkelä and Emma Andersson (M&A), Mikael Stabo and Andreas Wingren (Real Assets), Jessica Tressfeldt (IP & Tech), Josephine Lindgren (Employment) and David Olander (Competition).
Snellman Counsel to Nivika Fastigheter AB (publ) on Its IPO and Listing on Nasdaq Stockholm Main List
Snellman acted as counsel to Nivika Fastigheter AB (publ), a fast-growing property company, on its initial public offering and listing of all class B shares on the Nasdaq Stockholm main list. The offering of newly issued class B shares, which was heavily oversubscribed, amounted to SEK 1,000 million, and additional class B shares amounting up to SEK 150 million may be issued under an overallotment option. Tredje AP-fonden, Swedbank Robur Fonder, Öhman Fonder, and Weland AB were cornerstone investors in the offering and acquired shares for SEK 600 million in total. Based on the closing share price on the first day of trading, 3 December 2021, the market capitalisation of the company amounted to approximately SEK 5,417 million. Danske Bank A/S, Danmark, Sverige Filial, and Skandinaviska Enskilda Banken AB acted as joint global coordinators and joint bookrunners.
Nivika is a fast-growing property company with a focus on long-term ownership, efficient new development, and an investment strategy with purpose of being flexible and adaptable towards the property market. The net proceeds will be used to finance continued growth through acquisitions and project development with new development of residential and commercial properties for long-term own ownership and management.
Snellman’s advisory team consisted mainly of Mattias Friberg, Christoffer Saidac, Khaled Talayhan, Emma Greiff, Anton Eriksson, Lisa Kindstedt, Andreas Wingren, Josephine Lindgren, Rezan Akkurt, and Alexander Lindqvist.
Snellman Counsel to NIAM in the Disposal of CGI HQ
Snellman acted as counsel to NIAM in its disposal of CGI HQ, located in the Helsinki metropolitan area, to Altaal.
Our core team comprised Tapio Teräkivi, Marjaana Martikainen, Ella Rinne, Sami Niemi, Julia Ranta, and Andreas Wingren.
Snellman Counsel to Gores Guggenheim, Inc. in its Proposed Business Combination with Polestar
Snellman acted as counsel to Gores Guggenheim, Inc., a special purpose acquisition company (SPAC) formed by the affiliates of The Gores Group and Guggenheim Capital, LLC, in its proposed business combination with the global electric performance car company Polestar. The transaction implies an equity value of approximately USD 20 billion for Polestar. Upon closing, which is expected to take place in the first half of 2022, the combined company will be held by a new public company which is expected to be listed on the Nasdaq under the ticker symbol “PSNY”.
Polestar is a Swedish premium electric performance car brand, headquartered in Gothenburg and founded by Volvo Cars and Geely Holding. Polestar’s vehicles are available and on the road in fourteen active global markets across Europe, North America, and China.
Gores Guggenheim, Inc. completed its initial public offering in April 2021, raising approximately USD 800 million in cash proceeds. Gores Guggenheim’s strategy is to identify and complete business combinations with market leading companies with strong equity stories that will benefit from the growth capital of the public equity markets and be enhanced by the experience and expertise of Gores’ and Guggenheim’s long history and track record of investing in and operating businesses.
Snellman acted as a legal advisor to Gores Guggenheim, Inc. together with Weil, Gotshal & Manges LLP.
Snellman’s advisory team included Richard Åkerman, Douglas Essehorn, Iiris Ikkelä, and Alexander Lindqvist (M&A), Elisabeth Vestin and Anna Ribenfors (IP & Tech), Josephine Lindgren and Lisa Pålsson (Employment), Fredrik Olsson and Sofia Bengtsson (Finance), and Andreas Wingren (Real Estate).
Snellman Counsel to Svensk Plaståtervinning in Acquisition of Industrial Property
Snellman acted as counsel to Svensk Plaståtervinning i Motala AB in its acquisition of an industrial property of approximately 100,000 square metres lettable area located in Motala.
Svensk Plaståtervinning already operates Europe’s largest and most efficient facility for recycling of plastic packaging at the property in Motala, but it recently announced its plan to further invest approximately SEK 1 billion in the facility. As a result of this investment, it will become the world’s largest and most modern facility for plastic recycling with capacity to recycle any plastic containers that comes from Swedish households without any negative climate impact.
Snellman’s team consisted of Mikael Stabo, Andreas Wingren, and Alexander Lindqvist.
Snellman Counsel to Consortium of F. Holmström Fastigheter AB and Areim AB on Its Public Offer for Magnolia Bostad AB
Snellman advised the consortium of F. Holmström Fastigheter AB and Areim AB on its public cash offer for Magnolia Bostad AB (“Magnolia Bostad”), listed on Nasdaq Stockholm. Skandinaviska Enskilda Banken acted as the sole financial advisor. The offer values Magnolia Bostad at approximately SEK 2.9 billion. Magnolia Bostad is a leading community developer that develops new housing, both rental apartments and condominiums, community properties, and hotels in attractive locations in Sweden’s growth areas and large cities.
Snellman’s advisory team consisted mainly of Ola Åhman, Mattias Friberg, Emma Greiff, and Anton Eriksson (Public M&A and Capital Markets), Fredrik Olsson (Finance), Peter Forsberg and David Olander (Competition), and Mikael Stabo, Alexander Lindqvist, and Andreas Wingren (Real Estate).
Snellman Counsel to Castellum in EUR 640 Million Acquisition of Kielo
Snellman acted as counsel to Castellum in its approximately EUR 640 million acquisition of property company Kielo from Blackstone Tactical Opportunities and Brunswick Real Estate. Kielo holds an office portfolio of approximately 237,000 m2 located in the Helsinki Metropolitan Area and the university towns of Tampere, Turku, Jyväskylä, and Lahti.
Snellman’s cross-border core team in Helsinki and Stockholm included Tapio Teräkivi, Heidi Haanpää, Mikael Stabo, Katja Heikkinen, Netta Pitkämäki, Paavo Romakkaniemi, Mikael Wood, Julia Ranta, Milla Männistö, Andreas Wingren, Alexander Lindqvist, Oliver Vesterlund, Susanna Purovirta, Mikko Huimala, Heikki Majamaa, Ingrid Remmelgas, Beata-Maria Pippingsköld, and Jenni Heurlin.
Snellman Counsel to the Seller in the Divestment of Two Properties to Stenhus Fastigheter
Snellman acted as counsel to the seller in the divestment of two properties in the Stockholm region to Stenhus Fastigheter i Norden AB (publ). The properties are strategically located along the E4, have a lettable area of approximately 10,000 m², and are fully let to the car retailer Bilia AB on long term leases.
Snellman’s team consisted of Mikael Stabo and Andreas Wingren.
Snellman Counsel to SEB Private Equity in Its Partnership with Eatery
Snellman acted as counsel to SEB Private Equity in its investment in and partnership with Eatery. Eatery is a Swedish fast-growing concept chain with conferences, restaurants, cafés, evening restaurants, and food delivery to the public sector. Eatery has eight restaurants and conference facilities and ten production kitchens. SEB Private Equity is part of SEB, which focuses on developing companies such as Eatery through close collaboration with entrepreneurs and management teams.
Our advisory team included Mikael Klang, Jonas Sjöberg, Ebba Almén and Alexander Lindqvist (Private M&A); Caroline Sundberg and Jessica Tressfeldt (IP & Technology); Jenny Lundberg, Josephine Lindgren, and Lisa Pålsson (Employment); and Andreas Wingren (Real Assets).
Snellman Counsel to Terveystalo on its Acquisition of 72 Per Cent of the Shares and Recommended Mandatory Takeover Offer for Feelgood Svenska AB
Snellman advised Terveystalo Plc, listed on Nasdaq Helsinki, and its wholly owned subsidiary Terveystalo Healthcare Oy in connection with Terveystalo Healthcare Oy’s acquisitions of 72.14 per cent of the shares and simultaneously launched recommended mandatory public takeover offer for all of the remaining shares in Feelgood Svenska AB (publ), listed on Nasdaq Stockholm. The acquisitions and the takeover offer were made at a price of SEK 5.70 per share, implying a premium of 43 per cent over the closing price for the Feelgood share prior to the announcement of the transaction, and valued Feelgood Svenska AB (publ) at SEK 606 million.
The acquisitions of 72.14 per cent of the shares were made from a group of 13 existing shareholders and, in addition, two shareholders representing 6.09 per cent of the shares provided irrevocable and unconditional undertakings to accept the takeover offer. The takeover offer was unanimously recommended by the Independent Bid Committee of Feelgood Svenska AB (publ).
Terveystalo is the largest private healthcare provider in Finland and the market leader in occupational healthcare. The combination with Feelgood, one of Sweden’s leading occupational healthcare companies, opens the door for Terveystalo to the growing Swedish healthcare market and is an important step in Terveystalo’s expansion and growth outside Finland.
Snellman’s advisory team consisted mainly of Mattias Friberg, Ola Åhman, Marcus Lehtinen, and Marc Tevell de Falck (Public M&A and Capital Markets), Klaus Ilmonen and Anna Sahrakorpi (Corporate and Capital Markets), Markus Bremer, Matias Moberg, Rezan Akkurt, and Albert Danielsson (Finance), Peter Forsberg, David Olander, and Nathalie Miskin (Competition), Jenny Lundberg and Josephine Lindgren (Employment), Elisabeth Vestin and Itai Coleman (IP/Tech), and Mikael Stabo and Andreas Wingren (Real Assets).
Snellman Advokatbyrå AB
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