Snellman advised Gruvaktiebolaget Viscaria on its SEK 2.4 billion private placement of new shares
2026
Snellman acted as counsel to Gruvaktiebolaget Viscaria, a company that is scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna, on its directed issue and private placement of 144,222,570 new shares to professional investors, raising approximately SEK 2.4 billion before transaction costs, of which approximately SEK 1.7 billion was cash proceeds. Given the size of the share issue, part of the share issue is subject to approval by an extraordinary general meeting. The complex transaction also included a component under the Swedish so-called Lex Leo rules, a component subject to Swedish FDI approval, and parts of the share issue being paid by set-off. Handelsbanken Markets, Skandinaviska Enskilda Banken AB and Pareto Securities acted as joint global coordinators and joint bookrunners in the directed issue. Gruvaktiebolaget Viscaria is listed on Nasdaq Stockholm main market.
Snellman’s core advisory team comprised Christoffer Saidac, Emma Greiff, Lisa Kindstedt, Agnes Svensson Backlund and Mattias Friberg (Capital Markets), Philip Thorell and Esther Järvling (FDI).
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 advised Gruvaktiebolaget Viscaria on its SEK 850 million rights issue
2025
Snellman advised Gruvaktiebolaget Viscaria, a company listed on Nasdaq Stockholm Main Market and scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna, on its rights issue of 90,120,964 new shares, raising approximately SEK 850 million before set-off of certain shareholder loans and before transaction costs. Combined with the private placement of new shares carried out by Viscaria ahead of the rights issue, in which Snellman also advised Viscaria, the company raised approximately SEK 1.65 billion. Handelsbanken Markets and Skandinaviska Enskilda Banken AB acted as financial advisers in the rights issue.
Snellman’s core advisory team comprised Christoffer Saidac, Emma Greiff, Lisa Kindstedt, Anton Eriksson, and Agnes Svensson Backlund.
Snellman counsel to Gruvaktiebolaget Viscaria on its SEK 800 million directed issue of new shares
2025
Snellman acted as counsel to Gruvaktiebolaget Viscaria, a company that is scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna, on its directed issue of 42,105,264 shares to professional investors, raising approximately SEK 800 million before transaction costs. The directed issue is intended to be followed by a rights issue. Combined, the directed issue and the rights issue is expected to raise approximately SEK 1.5 billion in cash. The rights issue is expected to be completed no later than during the first quarter of 2026. Handelsbanken Markets and Skandinaviska Enskilda Banken AB acted as joint global coordinators and joint bookrunners in the directed issue.
Snellman’s core advisory team comprised Christoffer Saidac, Emma Greiff, Lisa Kindstedt, and Agnes Svensson Backlund.
Snellman advisor to Soltech Energy on its SEK 329 million rights issue
2025
Snellman is legal advisor to energy company Soltech Energy Sweden AB (publ), listed on Nasdaq First North Growth Market, on its SEK 329 million fully guaranteed issue of new shares with preferential rights for the shareholders. The rights issue is subject to approval by an Extraordinary General Meeting in Soltech Energy. Soltech Energy’s largest shareholder Nordic Capital has committed to subscribe for its pro rata share of the rights issue corresponding to approximately SEK 99 million and to guarantee an additional SEK 50 million of the rights issue. The remaining portion of the rights issue is guaranteed by other guarantors. 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 in connection with the transaction. The rights issue is carried out as a subsequent integral part of Soltech Energy’s acquisition of Sesol Group from Nordic Capital. Swedbank AB is Sole Global Coordinator and Bookrunner in relation to the rights issue.
Snellman’s advisory team for the rights issue included Mattias Friberg, Anton Eriksson, Edvin Matton and Agnes Svensson Backlund (Capital Markets).
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 MEKO AB (publ) in its SEK 1,25 billion bond issue
2025
Snellman acted as legal advisor to MEKO AB (publ) in its issue of senior unsecured bonds in an amount of SEK 1,25 billion, with the possibility of subsequent issuance of additional bonds up to a total of SEK 2 billion. MEKO AB (publ) intends to apply for listing of the bonds on Nasdaq Stockholm’s corporate bond list. The proceeds from the bond issue proceeds will be used to tender and redeem existing bond loans and for general corporate purposes. Danske Bank, Nordea and SEB acted as joint bookrunners in the transaction.
MEKO, with its wholesale and workshop brands, is the leading automotive spare-parts chains in northern Europe, with over 600 branches and 20,000 workshop customers, including 4,500 workshops operating under MEKO’s brands.
Snellman’s core advisory team included Carolina H. Wahlby, Oscar Bengtsson and Charlotte Säker (Finance and Restructuring), as well as Mattias Friberg, Anton Eriksson and Agnes Svensson Backlund (Capital Markets).
Snellman counsel to Bonava AB (publ) in its SEK 960 million senior secured green notes issue
2025
Snellman acted as counsel to Bonava AB (publ), a leading residential developer in Europe and listed on Nasdaq Stockholm (Mid Cap), in connection with the issuance of SEK 960 million senior secured green notes with the possibility of subsequent issuance of additional bonds up to a total of SEK 2 billion. The proceeds from the note issue have been and will be used in accordance with Bonava’s new green finance framework and to refinance Bonava’s outstanding senior secured green notes. Snellman also acted as counsel in connection with the tender offer for and total redemption of Bonava’s outstanding senior secured green notes in an amount of SEK 960 million.
Snellman’s core advisory team comprised Fredrik Olsson, Carolina H. Wahlby, Rezan Akkurt and Oscar Bengtsson (Finance and Restructuring) and Mattias Friberg, Khaled Talayhan, Lisa Kindstedt, Edvin Matton and Agnes Svensson Backlund (Capital Markets).
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