Snellman counsel to Castlelake in its Investment in Scandinavian Airlines
2024
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 Swedish Counsel to Apollo Funds in its Acquisition of IGT Gaming and Everi for $6.3 Billion
Snellman acted as Swedish counsel to Apollo Funds in its $6.3 billion agreements to simultaneously acquire International Game Technology’s gaming and digital business, IGT Gaming, and Everi Holdings, a leading provider of casino floor technology.
Subject to customary closing conditions and regulatory approvals, the all-cash transaction is expected to close by the end of the third quarter of 2025.
Snellman’s core advisory team comprised Claes Kjellberg, Jonas Sjöberg, and Aykut Aslan Yucel (Private M&A), as well as Jenny Lundberg and Josephine Gjerstad Medina (Employment).
Snellman Counsel to Responda Group, a Portfolio Company of IK Partners, in its Acquisition of iTell AB’s Customer Base
2024
Snellman acted as counsel to Responda Group, a portfolio company of IK Partners, in its acquisition of iTell AB’s customer base.
Responda Group is a leading provider of answering and customer services, committed to delivering value-creating customer experiences and strengthening relationships through innovative, efficient, and high-quality customer service.
The strategic acquisition of iTell AB’s customer base further strengthens Responda Group’s position as the Nordic market leader in answering services and provides customers with access to Responda Group’s full range of services, offering them broader and more diverse service options.
For further information, please refer to Responda Group’s press release here.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, and Aykut Aslan Yucel (Private M&A).
Snellman counsel to Vitec in the acquisition of Taxiteknik Nordic AB
2024
Snellman acted as counsel to Vitec in the acquisition of a majority of the shares in the Swedish software company Taxiteknik Nordic AB. Taxiteknik develops and delivers a complete business system for taxi companies, with functionality for traffic management, a driver app, and a booking app.
Snellman’s advisory team included Claes Kjellberg, Alexander Lindqvist, Tanja Schnitt, Aykut Yucel and Carl Tengblad (Private M&A), Lisa Pålsson (Employment), Lars Lundgren (Regulatory), and Sara Domeij (IP/Tech).
Snellman Counsel to Vitec Software Group AB (publ) in the Acquisition of Bidtheatre AB
2024
Snellman acted as counsel to Vitec Software Group AB (publ) in the acquisition of Bidtheatre AB, a Swedish SaaS company that develops and delivers a Demand Side Platform (DSP) for programmatic advertising, offering advanced audience targeting across various digital channels.
Snellman’s core advisory team included Claes Kjellberg, Alexander Lindqvist, Tanja Schnitt and Aykut Aslan Yucel (Private M&A).
Snellman Acted as Counsel to Linde Gas in the Divestment of Linde’s Home Carbonation Operations in the Nordics and Baltics
2024
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 KLAR Partners Backed Sandbäckens in Its Acquisition of Storå Rör
2024
Snellman acted as counsel to KLAR Partners backed Sandbäckens in its acquisition of AB Storå Rör, a company specialised in installations and service of heat pumps. The acquisition is part of Sandbäckens strategy for continued growth within the segment of heating, sanitation and energy solutions.
Snellman’s core advisory team comprised Claes Kjellberg, Miklos Kovacs Scherlin, Emma Andersson and Aykut Aslan Yucel (Private M&A).
Counsel to Thoma Bravo in Its Growth Investment in Hypergene
2023
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).
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