Peter Forsberg specialises in EU and competition law with particular focus on Swedish and international merger control, competition law investigations, disputes, compliance work and other aspects of competition law as well as regulatory matters and foreign direct investment (FDI) control before competition authorities, sector agencies and courts. Peter is recognised as a leading expert within EU and competition law by international legal directories such as Chambers Europe, Who’s Who Legal and Legal 500.
Snellman advisor to Gruvaktiebolaget Viscaria on its SEK 440 million directed issue of new shares
Snellman acted as legal advisor to Gruvaktiebolaget Viscaria, a mineral exploration company scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna, northern Sweden, on its directed issue and private placement of 18,016,000 new shares to institutional and professional investors, raising approximately SEK 440 million before transaction costs. Gruvaktiebolaget Viscaria is listed on Nasdaq Stockholm main list. Skandinaviska Enskilda Banken AB and Carnegie Investment Bank AB acted as joint bookrunners in the private placement.
Hannes Snellman’s advisory team comprised Christoffer Saidac, Mattias Friberg, Emma Greiff, and Lisa Kindstedt (Capital Markets), and Peter Forsberg (Regulatory).
Snellman acts as legal advisor to Paradigm Capital Value Fund (Sicav) and its acquisition company Notalp Logistik AB, in connection with the public cash offer for all shares in Jetpak Top Holding AB (publ)
Snellman acts as legal advisor to Paradigm Capital Value Fund (Sicav) (“PC Sicav”) and its acquisition company Notalp Logistik AB, in connection with the public cash offer for all shares in Jetpak Top Holding AB (publ), listed on Nasdaq First North Premier Growth Market in Stockholm. The public offer was made by a consortium led by Paradeigma Partners AB (a subsidiary of PC Sicav) and further comprising Pak Logistik Intressenter AB (an indirect subsidiary of PC Sicav) and Aktiebolaget Tuna Holding. The offer values all outstanding shares in Jetpak Top Holding AB at approximately SEK 1.2 billion. This offer runs in parallel with the mandatory offer previously made by Pak Logistik Intressenter AB with Snellman as legal advisor.
Snellman’s core advisory team comprises Ola Åhman, Mattias Friberg, Gabriella Fredlund, Anton Eriksson, Sebastian Sund and Edvin Matton (Public M&A), and Peter Forsberg and Lars Lundgren (Competition and FDI).
Snellman Acts as legal advisor to Pak Logistik Intressenter AB and Paradigm Capital Value Fund (Sicav) on the mandatory public cash offer for Jetpak Top Holding AB (publ)
Snellman acts as legal advisor to Pak Logistik Intressenter AB (“Pak Logistik”) and its indirect owner, Paradigm Capital Value Fund (Sicav), in connection with Pak Logistik’s mandatory public cash offer to the shareholders of Jetpak Top Holding AB (publ) (“Jetpak”), listed on Nasdaq First North Premier Growth Market in Stockholm. The mandatory public cash offer values Jetpak at approximately SEK 1.1 billion.
Snellman’s core advisory team comprises Ola Åhman, Mattias Friberg, Gabriella Fredlund, Anton Eriksson, Lisa Kindstedt and Sebastian Sund (Public M&A), and Peter Forsberg and Lars Lundgren (Competition and FDI).
Snellman Acted as Counsel to Linde Gas in the Divestment of Linde’s Home Carbonation Operations in the Nordics and Baltics
Snellman acted as Counsel to Linde Gas AB in the divestment of Linde’s home carbonation operations in the Nordics and Baltics.
Snellman’s core advisory team comprised Claes Kjellberg, Miklos Kovacs Scherlin, and Aykut Aslan Yucel (Private M&A), together with Peter Forsberg and Lars Lundgren (Competition & Regulatory).
Snellman Counsel to Petroswede AB in the Sale of Svenska Petroleum Exploration Aktiebolag
Snellman acted as counsel to Petroswede AB in the sale of Svenska Petroleum Exploration Aktiebolag, an exploration and production company based in Sweden with assets such as an offshore block in Côte d’Ivoire in West Africa to Vaalco Energy (Holdings), LLC.
Snellman’s core advisory team comprised Ola Åhman, Claes Kjellberg, Astrid Trolle Adams, Ulrika Wigart and Sophia Engdahl (M&A), Jenny Lundberg and Josephine Gjerstad Medina (Employment), Peter Forsberg and Lars Lundgren (Competition and Regulatory).
Snellman Counsel to Episurf Medical AB on Its Rights Issue of Units
Snellman acts as counsel to MedTech company Episurf Medical AB, listed on Nasdaq Stockholm, on its partially secured rights issue of units, each consisting of 15 class B shares and 6 warrants entitling to subscription of additional class B shares. The rights issue raises proceeds of up to approximately SEK 120 million from the issuance of class B shares and, additionally, up to approximately SEK 48 million in case of exercise of the warrants in February 2025. The rights issue is secured by subscription commitments, subscription intentions and guarantee commitments covering approximately SEK 90 million, corresponding to 75 percent of the rights issue. Pareto Securities AB acts as Sole Manager and Bookrunner in the rights issue.
Snellman’s core advisory team includes Mattias Friberg, Khaled Talayhan, Marc Tevell de Falck, Lisa Kindstedt, and Edvin Matton (Corporate & Capital Markets), Elisabeth Vestin and Louise Nordback (IP & Technology), Peter Forsberg (Regulatory).
Snellman Counsel to Atria in the Acquisition of the Swedish Convenience Food Business Gooh
Snellman acted as counsel to Atria in the acquisition of the Swedish convenience food business Gooh.
Gooh is part of Lantmännen Cerealia and a clear market leader in the fresh micromeals product segment in the Swedish retail trade with a market share of around 25 per cent. The acquisition fits with Atria Group’s strategic goal of expanding in the convenience food segment. Closing of the transaction is subject to regulatory approval.
Snellman’s advisory team comprised Claes Kjellberg, Jonas Sjöberg, Nadine Lågland, Carl Tengblad, and Elin Boman (Private M&A), Mikael Stabo, and Angelica Berntsson (Real Assets), Peter Forsberg, and Lars Lundgren (Competition and Regulatory), Anna Ribenfors, and Olof Östman (IP and Technology) and Lisa Pålsson (Employment).
Snellman Joint Counsel to Nordea Bank and OP Osuuskunta in Forming Joint Venture to Improve Payment Services in Finland
Snellman acted as joint counsel to Nordea Bank Abp and OP Osuuskunta in a transaction whereby Nordea and OP will expand the operations of their 50/50 owned joint venture company, Siirto Brand Oy. Through the joint venture, Nordea and OP aim to develop phone number based payment and e-invoice management solutions for consumers and companies. The solution will be open to other market participants as well.
Snellman’s core team comprised Tuire Kuronen, Joonas Vartia, Rebecca Osola, and Emilia Reis from our M&A and Corporate Team; Peter Forsberg, Jenni Heurlin, and Annika Grönholm from our Competition and Regulatory Team; and Jesper Nevalainen and Lasse Riski from our IP & Tech Team.
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 Oriola Oyj (“Oriola”) in the Sale of Svensk dos AB to Apotekstjänst Sverige AB
Snellman acted as counsel to Oriola Oyj (“Oriola”) in the sale of Svensk dos AB to Apotekstjänst Sverige AB. The agreed sale price in cash is SEK 110 million, and Oriola will through the transaction exit the dose dispensing business in Sweden.
The transaction is subject to approval by the Swedish Competition Authority and is expected to be completed no later than Q1/2024.
Snellman’s core team consisted of Mikael Klang, Moa Torbjelt Fritzon and Tanja Schnitt (Private M&A) and Peter Forsberg, Philip Thorell and Sarah Ek (Competition).
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 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 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).
For more information, please read here.
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 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 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).
Snellman Counsel to Oriola in Obtaining Merger Clearance for the Creation of a Joint Venture Consisting of Kronans Apotek and Apoteksgruppen
Snellman advised Oriola Corporation in obtaining merger clearance for the creation of a joint venture consisting of retail pharmacy chains Kronans Apotek and Apoteksgruppen. Oriola is the owner of Kronans Apotek and a leading distributor of pharmaceuticals and pharmacy goods in Sweden.
On 9 February 2022 Oriola and Euroapotheca signed an agreement with the intention to combine their respective retail pharmacy chains Kronans Apotek and Apoteksgruppen in a joint venture. Kronans Apotek is the third largest retail pharmacy chain in Sweden and Apoteksgruppen is the fourth largest retail pharmacy chain in Sweden. After the merger the company will be the largest retail pharmacy chain in terms of physical pharmacies and the third largest by revenue.
The transaction was referred to the Swedish Competition Authority from the European Commission upon request by the parties. On 29 June 2022 the Swedish Competition Authority unconditionally cleared the transaction.
Snellman’s core competition team consisted of Peter Forsberg (Partner), Marcus Nyberg (Senior Associate) and Oskar Helsing (Associate).
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 the Kingdom of Sweden in the Sale of Orio AB
Snellman acted as counsel to the Kingdom of Sweden in the sale of Orio AB to Hedin Mobility Group AB.
Orio AB is a logistics and spare parts company with roots in the Swedish car industry. Orio is the exclusive global supplier of Saab Original spare parts through a global network in Europe, North America, Asia and Australia.
Snellman’s core advisory team comprised Claes Kjellberg and Douglas Essehorn (Private M&A), Peter Forsberg, Oskar Helsing and Lars Lundgren (Competition & Procurement).
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 the Buying Consortium (Ahlström Capital BV and Nidoco AB) in Its Investment in the Decor Business Area of Ahlstrom-Munksjö
Snellman acted as counsel to the buying consortium comprising Ahlström Capital BV and Nidoco AB, in the investment in the majority share of Ahlstrom-Munksjö’s Decor Solutions business area. The Decor Solutions business area is one of Ahlstrom-Munksjö‘s five reporting segments offering the broadest assortment of high-quality decor papers in its industry. The production of the Decor Solutions business takes place at six plants: Unterkochen and Dettingen in Germany, Tolosa in Spain, Arches in France, Caieiras in Brazil, and Xingtai in China. Including Xingtai, which was acquired in January 2022, the annual net sales of the Decor Solutions business is approximately EUR 500 million, and it has a production capacity of around 250,000 tons. Currently the combined businesses employ 1,200 people. The planned reorganisation is expected to be completed by the end of the third quarter of 2022.
Ahlström Capital BV is a wholly-owned subsidiary of Ahlström Capital Oy, a family-owned investment company focusing on industrial companies, real estate, and forestry. Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies. Nidoco is currently a leading shareholder of three listed companies with head offices in the Nordic region, and it has direct and indirect investments in more than 300 unlisted companies globally. Nidoco is an independent part of the Virala Group.
Our core team comprised Johan Aalto, Johanna Wärnberg, and Mikael Lustig (M&A), Panu Siitonen and Anniina Jaatinen (IP & Tech), Antti Nyberg, Matias Moberg, and Pauliina Sutinen (Finance), and Peter Forsberg and Lars Lundgren (Competition).
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 NeoGames S.A. in Its Public Offer for Aspire Global plc
Snellman acted as counsel to NeoGames S.A., a global provider of iLottery solutions incorporated in Luxembourg and listed on Nasdaq Stock Exchange in the US, in its recommended public takeover offer for all outstanding shares in Aspire Global plc, a B2B-provider of iGaming solutions incorporated in Malta with its shares listed on Nasdaq First North Premier Growth Market in Sweden. At the time of announcement of the offer, the offer valued Aspire Global plc at approximately SEK 4.3 billion.
Snellman’s advisory team consisted mainly of Ola Åhman, Mattias Friberg, Marcus Lehtinen, Marc Tevell de Falck, Lisa Kindstedt, and Anton Eriksson (Public M&A and Capital Markets); Maria Orrgard (Finance); and Peter Forsberg and David Olander (Competition).
Snellman Counsel to Global Elevator and Escalator Provider KONE Corporation and its Subsidiary KONE Aktiebolag in the Divestment of Motala Hissar AB
Snellman acted as counsel to global elevator and escalator provider KONE Corporation and its subsidiary KONE Aktiebolag in the divestment of Motala Hissar AB to Aritco Group AB, a wholly-owned subsidiary of Investment AB Latour (publ). Motala Hissar AB is a manufacturer of platform lifts headquartered in Motala, Sweden.
Snellman’s team consisted of Claes Kjellberg, Johanna Wärnberg, Jonas Sjöberg, and Iiris Ikkelä (Corporate/M&A), Peter Forsberg and David Olander (Competition & Procurement), and Jenny Lundberg (Employment).
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 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 AURELIUS Equity Opportunities SE & Co. KGaA and Its Portfolio Company Conaxess Trade Sweden AB in the Acquisition of Movement Group Nordic AB
Snellman acted as counsel to AURELIUS Equity Opportunities SE & Co. KGaA and its portfolio company Conaxess Trade Sweden AB in the acquisition of Movement Group Nordic AB (a leading Swedish sales, marketing and distribution company for fast moving consumer goods (FMCG) that offers both field sales services and full-service distribution).
Conaxess Trade Group is an exclusive distributor of FMCG products to large-scale retail organizations in six European countries with a particularly strong presence in the Nordics. Add-on acquisitions have been an important part of Conaxess’ strategy to grow its market presence in the region.
Snellman’s core team included Mikael Klang, Miklos Kovacs Kal, Nicole Jerad, Iiris Ikkelä (Private M&A), Josephine Lindgren (Employment), David Smith (Finance), Peter Forsberg and David Olander (Competition).
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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