Fredrik is the Managing Partner of the Stockholm office.
Fredrik focuses on financing transactions and restructurings. He has vast experience of a wide range of finance related work, such as LBO’s, real estate financings, corporate lending and asset finance.
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).
Counsel to Thoma Bravo in Its Growth Investment in Hypergene
Snellman acted as counsel to Thoma Bravo in its growth investment in Hypergene, a Swedish software-as-a-service company for planning and performance management. As part of the investment, Thoma Bravo acquires a majority stake from Monterro and other minority shareholders.
Hypergene, headquartered in Malmö, and with over 200 people employed across eight offices in Sweden, Norway, and Germany, is one of the larger players in Corporate Performance Management and Project & Portfolio Management (xP&A) in Northern Europe.
Thoma Bravo, one of the largest software investors in the world, has a 20-plus year history of providing capital and support to high-growth software businesses. This is Thoma Bravo’s third investment by its Europe-based team, and the first platform acquisition of a Swedish company.
Our team included Claes Kjellberg, Douglas Essehorn, Emma Andersson, Ulrika Wigart, Elin Boman, and Aykut Yucel (Private M&A), Fredrik Olsson, Carolina Wahlby and Sofia Granberg (Finance), Caroline Sundberg and Nicolas Günthardt (IP & Technology), Peter Forsberg and Sarah Ek (Competition & Regulatory), Josephine Gjerstad Medina and Nellie Jönsson (Employment), and Angelica Berntsson (Real Assets).
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 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 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 KLAR Partners Backed Nimlas Group in Its Acquisition of Konstel
Snellman acted as counsel to KLAR Partners backed Nimlas Group in its acquisition of Konstel, a leading electrical installation company in Norway, forming one of the largest installation companies in the Nordic region.
Snellman’s core team included Claes Kjellberg, Miklos Kovacs Kal, Emma Andersson, and Ulrika Wigart (Private Equity) and Fredrik Olsson, Carolina Wahlby and Rezan Akkurt (Finance & Restructuring).
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 PCP in Its SEK 350 million Term Loan to Avia Pharma AB
Snellman acted as counsel to PCP in its SEK 350 million term loan to Avia Pharma AB, a Swedish pharma company with sales and marketing organisations in all four Nordic countries executing a buy and build strategy.
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, Ebba Sjölin, Tiia Mäki, and Veera Heiskanen (Finance & Restructuring), Oskar Helsing (Competition & Procurement), and Josephine Lindgren (Employment).
Snellman Counsel to Meko AB (publ) on the Refinancing of Existing Financing Agreements
Snellman acted as counsel to Meko AB (publ) in its refinancing of SEK 1,965,000,000 term loans and amendment and restatement agreement of its revolving credit facility of SEK 1,300,000,000.
Meko AB (publ) (formerly Mekonomen AB) is a market-leading spare parts distributor with well-known concepts and brands in northern Europe.
Snellman’s core team comprised of Fredrik Olsson, Maria Orrgard and Rezan Akkurt.
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 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 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 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 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 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 Counsel to PCP
Snellman acted as counsel to PCP, who provided a five-year senior secured loan facility to Aarke, a Swedish manufacturer of premium carbonators and home appliance accessories for the consumer market. Aarke is a globally recognised brand that combines quality products, premium materials, and a unique design coupled with a clear focus on sustainability.
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.
Aarke was founded in 2013 by industrial designers Carl Ljungh and Jonas Groth with a focus on design and development of home appliances from premium materials engineered for the everyday use. The first product, the Aarke Carbonator, was launched in December 2016 after four years of development. The company has since then expanded its product range within the carbonated water market while continuing its strong focus on design and quality engineering.
Snellman’s core team included Fredrik Olsson, Maria Orrgard, and Amanda Alexandersson.
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 KLAR Partners Limited in the Investment in Oleter Group
Snellman acted as counsel to KLAR Partners Limited in the investment in Oleter Group consisting of OCAB and Frøiland Bygg Skade, market leading providers of property damage restoration services. The investment was made by funds advised by KLAR Partners, a European private equity company focused on investments in companies operating in the business services and light industrials.
Snellman’s core team included Claes Kjellberg, Miklos Kovacs Kal, Emma Andersson, Maria Orrgard, Fredrik Olsson, and Josephine Lindgren.
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 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 Proventus Capital Partners IV AB (publ) in Its SEK 700 Million Loan Facility to MatHem
Snellman acted as counsel to Proventus Capital Partners IV AB (publ) in its SEK 700 million loan facility to MatHem. MatHem is the Swedish market leader in online groceries with revenues of approximately SEK 2.3 billion in 2020, a customer base of around 250 000 persons, and almost 2 million annual deliveries.
Proventus Capital Partners IV AB (publ) provides tailored funding solutions to mid-sized companies in Northern Europe. Proventus Capital Partners IV AB (publ) 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, Proventus Capital Partners IV AB (publ) has engaged and invested in over 130 companies and helped them maximise their potential.
Snellman’s core team included Fredrik Olsson, Maria Orrgard and Sofia Bengtsson (Finance & Restructuring), Jonas Sjöberg and Ebba Almén (Private M&A), and Josephine Lindgren (Employment)
Snellman Counsel to Proventus Capital Partners IV AB (publ) in the Debt Financing of the Ovzon-3 Satellite
Snellman acted as lead counsel to Proventus Capital Partners IV AB (publ) in relation to the debt financing of the Ovzon-3 Satellite. Proventus Capital Partners IV provided a commitment for a six-year senior secured loan of USD 60 million to Ovzon AB (publ), a company headquartered in Sweden, offering revolutionary mobile broadband service via satellite combining high bandwidth with highly mobile terminals. The financing provided by Proventus Capital Partners will partly fund the construction and launch of Ovzon’s first own satellite, Ovzon-3.
PCP provides tailored funding solutions to mid-sized companies in Northern Europe. Over the last two decades, PCP has engaged and invested in over 130 companies and helped them maximise their potential. Snellman’s advisory team included Fredrik Olsson, Maria Orrgard, Sofia Bengtsson, David Smith (Finance & Restructuring), and Mattias Friberg and Khaled Talayhan (Public M&A).
Snellman Counsel to KLAR Partners in the Acquisition of Sandbäckens
Snellman acted as counsel to KLAR Partners in the acquisition of Sandbäckens, the Swedish provider of technical installation and service of Sprinkler, Heating & Sanitation solutions for buildings. The acquisition was made by funds advised by KLAR Partners, a European private equity company focused on investments in companies operating in the business services and light industrials. Sandbäckens is KLAR Partners’ first acquisition in Sweden.
Snellman’s core team included Claes Kjellberg, Miklos Kovacs Kal, Anna Bergström, Julia Wegelius, Ebba Almén and Emma Andersson (Private M&A), Fredrik Olsson, Aina Renström and Rezan Akkurt (Banking & Finance), Martin Rifall (Construction), Jenny Lundberg, and Josephine Lindgren (Employment).
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
Kungsträdgårdsgatan 20
111 47 Stockholm Sweden
P.O. Box 7801
103 96 Stockholm Sweden
Business ID: 556757-2101
VAT number: SE556757210101
Tel: +46 760 000 000
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EDI
ID: SE556757210101
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Operator ID: BAWCFI22