Albert advises clients on all types of financing transactions with particular focus on bank lending and acquisition financing. Albert also has experience from working with general corporate law, securitization and regulatory issues.
Snellman counsel to Castlelake in its Investment in Scandinavian Airlines
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
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 Comstock Inc. in its Investment in RenFuel
Snellman acted as counsel to Comstock Inc. in its investment in RenFuel, a Swedish innovation company in bioenergy. The investment aims to support commercialization of joint development applications for RenFuel and Comstock complementary renewable fuel technologies.
RenFuel innovates technologies that contribute to decarbonization and circularity by effectively turning under-utilized biomass waste and residues into renewable fuels and materials.
Snellman’s advisory team comprised Fredrik Olsson, Albert Danielsson and Ebba Sjölin (Finance), Jonas Sjöberg, Nadine Lågland and Elin Boman (Private M&A), Elisabeth Vestin and Nicolas Günthardt (IP & Technology), Josephine Gjerstad Medina and Nellie Jönsson (Employment).
Snellman Counsel to IK Partners in Its Investment in Responda Group
Snellman acted as counsel to IK Small Cap III Fund (“IK”) in its investment in Responda Group, a leading provider of business process outsourcing services to small and medium-sized enterprises in Sweden. IK is investing from its dedicated pool of development capital.
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.
For further information, please refer to IK’s press release here.
Snellman’s core advisory team comprised Johanna Wärnberg, Miklos Kovacs Kal, Douglas Essehorn, Anna Nordin Pettersson, and Ulrika Wigart (Private M&A), Fredrik Olsson, Albert Danielsson, and Johan Erlandsson (Finance & Regulatory), Lisa Pålsson (Employment), and Filip Åhsberger and Olof Östman (IP & Tech).
Snellman Counsel to PCP in Its EUR 60 million Loan Facility to Nordic Leisure Travel Group AB (“NLTG”)
Snellman acted as counsel to PCP in its EUR 60 million loan facility to Nordic Leisure Travel Group AB (“NLTG”), the market leading tour operator in the Nordic countries, selling packaged holidays under well-known brands such as Ving, Spies, Tjäreborg, and Sunclass Airlines.
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.
Snellman’s core team included Fredrik Olsson, Maria Orrgard, Albert Danielsson, and Ebba Sjölin.
Snellman Counsel to Thomas H. Lee Partners in its investment in inriver AB
Snellman acted as counsel to Thomas H. Lee Partners in its investment in inriver AB, a provider of Product Information Management (PIM) software for the world’s leading manufacturers, distributors, and retailers.
Snellman’s core team included Claes Kjellberg, Moa Fritzon Torbjelt, Maja Uppgren, Tanja Schnitt and Nicolina Hultgren Farsani (M&A Private), Mattias Friberg and Khaled Talayhan (M&A Public), Fredrik Olsson, Carolina Wahlby, Maria Orrgard, Albert Danielsson and Oscar Bengtsson (Finance), and Jenny Lundberg (Employment).
Snellman Counsel to Vitec Software Group AB (publ) in its Refinancing and Extension of its Loan Facilities
Snellman acted as counsel to Vitec Software Group AB (publ) in its refinancing and extension of its loan facilities from SEK 1,000 million to SEK 2,500 million from Nordea and SEB.
Vitec is a market leader for vertical market software in the Nordic region. It grows through acquisitions of well-managed and well-established software companies, and it has 1 050 employees based in Denmark, Finland, Norway, and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,571 million in 2021.
Snellman’s core team comprised of Fredrik Olsson, Maria Orrgard and Albert Danielsson.
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 CapMan Buyout in Its Acquisition of Hydroware
Snellman acted as counsel to CapMan Buyout in its acquisition of Nordic lift modernisation market leader Hydroware AB from the company’s founder and other shareholders. CapMan will partner with the Hydroware team to support the company’s accelerated growth and international expansion with a focus on first-rate sustainable products and solutions. Hydroware is the market leader in modernisation of hydraulic lifts in the Nordic countries with a strong position and growing sales in the DACH and UK markets. The company’s customers include installation and service companies and large multinational lift companies. Hydroware has a successful history of strong growth and is currently expanding in the large and growing traction lift market. The investment in Hydroware is the fourth investment from the CapMan Buyout XI fund.
Our core team comprised Johanna Wärnberg, Alexander Lindqvist, and Tanja Schnitt (M&A), Carolina Wahlby and Albert Danielsson (Finance), Lisa Pålsson (Employment), and Olof Östman (IP & Technology).
Snellman Counsel to IK Partners in Its Investment in Sitevision AB
Snellman acted as counsel to the IK Small Cap III Fund (“IK”) in its investment in Sitevision AB (“Sitevision”), a leading Swedish content management system (“CMS”) and intranet solution provider. IK is investing from its dedicated pool of development capital and is acquiring its stake from the founders Anders Korsvall, Karl Eklöf, and Niclas Hedlund, all of whom will be reinvesting alongside IK and will remain majority owners.
Sitevision was founded in 2002 in Örebro, where its headquarters remain. Today, Sitevision has grown into one of the leading CMS and intranet providers in Sweden and has local sales presence in Stockholm, Gothenburg, and more recently Oslo, as part of its strategic expansion into Norway.
Read more about the transaction here.
Snellman’s core advisory team comprised Johanna Wärnberg, Miklos Kovacs Kal, Douglas Essehorn, and Nadine Lågland (Private M&A), Fredrik Olsson, Albert Danielsson, and Oscar Bengtsson (Finance), Lisa Pålsson (Employment), and Olof Östman (IP & Tech).
Snellman Swedish Counsel to Savvy Gaming Group in Its Acquisition of ESL Gaming and FACEIT
Snellman acted as Swedish counsel to Savvy Gaming Group, a newly launched gaming and esports group, in its simultaneous acquisition of ESL Gaming, from Modern Times Group MTG AB and its minority owners, and of FACEIT, from various sellers. ESL Gaming and FACEIT are two industry leading esport players and will form the ESL FACEIT Group. The enterprise value of the combined transaction was approximately SEK 15 billion.
The transaction is subject to regulatory approvals.
Snellman’s advisory team included Ola Åhman, Mattias Friberg, Ammar Khan, Khaled Talayhan, Maja Uppgren, and Alexander Lindqvist (Public and Private M&A), Olof Östman (IP&Tech), Albert Danielsson and Amanda Alexandersson (Finance & Reconstruction), and Josephine Lindgren (Employment).
Snellman Counsel to Mangold AB in Its Listing on Nasdaq Stockholm Main Market
Snellman acted as counsel to Mangold AB, a Swedish investment firm providing investment banking as well as private banking services, in relation to its listing on the Nasdaq Stockholm Main Market. Mangold AB transferred to the Main Market from Nasdaq First North Premier Growth Market, on which its shares had been listed since 2012.
Snellman’s advisory team consisted mainly of Ola Åhman, Mattias Friberg, Marcus Lehtinen, Marc Tevell de Falck, and Lisa Kindstedt (Capital Markets, Corporate Advisory, Public M&A); Anna Ribenfors (IP & Tech); Jenny Lundberg, Josephine Lindgren, and Lisa Pålsson (Employment); Albert Danielsson (Finance); and Alexander Lindqvist (Private M&A).
Snellman Counsel to the Church of Sweden’s Pension Foundation and the Swedish Foundation for Strategic Research
Snellman acted as counsel to the Church of Sweden’s pension foundation and the Swedish Foundation for Strategic Research in the debt financing of their purchase of the remaining 46% of shares in Fastighets AB Stenvalvet (publ) from Kåpan Tjänstepensionsförening. Stenvalvet is one of the leading Swedish property companies that owns, actively manages, and develops buildings for community services in Sweden with a total of approximately 110 properties and a combined market value of SEK 15.7 billion.
Snellman’s core advisory team included Albert Danielsson and Oscar Bengtsson from our Finance and Restructuring team and Alexander Lindqvist from our Private M&A team.
Snellman Counsel to the Wikström Family when Midroc Becomes Granitor
The brand Midroc is used by a wide range of operations with different constellations of owners in Sweden, the Middle East, and Africa. The company group Midroc Europe is owned by Mohammed Al Amoudi, one of the largest foreign investors in Sweden, together with the Swedish Wikström family. Since its inception in 1996, Midroc Europe has grown strongly and today comprises three business areas with a total turnover of approximately SEK 8 billion and 4,400 employees, most of which are active in the Nordic region.
The Midroc Europe Group will replace the common brand Midroc and from January 2022 instead use the Granitor brand. The change of brand is part of a renewed and formalised ownership agreement between Midroc Europe’s two owner families, and it entails a continued and in-depth collaboration that extends beyond generational boundaries. The new agreement is a natural progression that sees the Wikström family gradually increasing its holdings and Mohammed Al Amoudi becoming a more long-term minority owner and financier.
For further information, please refer to Midroc’s press release here.
Our core advisory team included Ola Åhman and Jonas Sjöberg (M&A), Mikael Stabo (Real Estate), Elisabeth Vestin (IP & Tech), and Albert Danielsson (Finance).
Snellman Acted as Counsel to Funds Advised by CapMan Buyout (“CapMan”) in Its Investment in MMSports AB
CapMans fund CapMan Buyout XI has entered into an agreement to invest in a leading sports nutrition and equipment company, MMSports. CapMan will acquire a majority equity share in the company, with key members of the MMSports organisation investing a significant share. CapMan will partner with the MMSports team to continue to support its accelerated growth and international expansion. The investment is the third investment made by the CapMan Buyout XI fund, which was established in 2019.
Our advisory team included Johanna Wärnberg, Alexander Lindqvist, and Anna Bergström (M&A Private); and Paula Röttorp and Albert Danielsson (Finance).
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 Counsel to IK in its Partnership with Mecenat
Snellman acted as counsel to funds advised by IK Investment Partners (“IK”) in its investment in Mecenat Holding AB.
Mecenat is a leading marketing technology company that promotes unique discounts to its community of students and young professionals. Mecenat operates across Sweden with over 4,500 vendors offering discounts and deals to more than 1.2 million students and recent graduates. IK is a pan-European private equity firm focused on investments in the Benelux countries, the DACH countries, 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.
Our core advisory team included Johanna Wärnberg, Miklos Kovacs Kal, and Douglas Essehorn (Private M&A), Jessica Tressfeldt (IP & Tech), and Fredrik Olsson and Albert Danielsson (Finance).
Snellman Counsel to Savaria Corporation in Its Public Offer for Handicare Group AB
Snellman advised Savaria Corporation and its acquisition vehicle Savaria (Sweden) AB on its recommended cash offer to the shareholders of Handicare Group AB (“Handicare”) listed on Nasdaq Stockholm. The offer values Handicare at approximately SEK 2.9 billion. Handicare offers solutions to increase the independence of disabled or elderly people to facilitate for their care providers and family.
Our advisory team included Ola Åhman, Mattias Friberg, Sanna Böris, Marcus Lehtinen, and Marc Tevell de Falck (Public M&A and Capital Markets), Fredrik Olsson and Albert Danielsson (Finance), Peter Forsberg, Johan Holmquist, and Sarah Ek (Competition), Itai Coleman and Sofia Widegren (IP/TMT), Anna Bergström and Alexander Lindqvist (Private M&A) and Jenny Lundberg (Employment).
Snellman Advokatbyrå AB
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