Snellman counsel to Bonava AB (publ) in contemplated issuance of SEK 1.5 billion notes, new facilities agreement and related tender offer and redemption
2026
Snellman acts as legal advisor to Bonava AB (publ) in connection with Bonava’s contemplated issuance of new senior secured green floating rate notes, with an expected issue amount of SEK 1.5 billion under a total framework amount of SEK 2 billion.
Snellman also acts as legal advisor to Bonava in connection with Bonava’s agreement on the main terms for a new facilities agreement with a total credit volume of EUR 200.5 million, and the related conditional tender offer for and total redemption of Bonava’s outstanding SEK 960 million senior secured floating rate green notes.
Bonava is a leading residential developer in Europe with the purpose to create happy neighbourhoods for the many. With its 900 employees, Bonava develops residential housing in Germany, Sweden, Finland, Latvia, Estonia and Lithuania. To date, the company has built about 50,000 homes and reported net sales of approximately SEK 8 billion in 2025. Bonava’s shares and green bond are listed on Nasdaq Stockholm.
Snellman’s core advisory team comprises Fredrik Olsson, Carolina H. Wahlby, Rezan Akkurt, Ebba Sjölin and Charlotte Säker (Finance and Restructuring), and Mattias Friberg, Lisa Kindstedt and Edvin Matton (Capital Markets).
Snellman counsel on the cross-border merger between Euroclear Bank SA/NV and MFEX Mutual Funds Exchange AB
2026
Snellman acted as counsel to Euroclear in connection with the statutory cross-border merger between Euroclear Bank SA/NV as the absorbing company, and MFEX Mutual Funds Exchange AB as the absorbed company.
The integration of MFEX cements Euroclear’s position as a leading global partner for comprehensive fund solutions and its commitment to meet the funding needs of the real economy. Following the integration, Euroclear connects 250,000 funds representing nearly EUR 4 trillion in assets, serving a global client base of more than 3,000 fund distributors and 2,500 asset managers.
Snellman’s core advisory team included Mattias Friberg, Anton Eriksson, Edvin Matton and Love Holmgren.
Snellman counsel to Incore Invest’s EUR 130 million bond issue, and it’s acquisition of CoreOrchestration
2026
Snellman acted as legal counsel to Incore Invest’s EUR 130 million bond issue made for the purpose of acquiring CoreOrchestration from Worldline, a transaction that closed last week. The bonds will be listed on Nasdaq Transfer Market, with a subsequent listing on Nasdaq Stockholm’s Corporate Bond List.
At the heart of CoreOrchestration is PaymentIQ, a SaaS payment orchestration platform built to help merchants centrally manage, optimise and scale payment flows across providers and markets.
Snellman’s advisory team for the bond comprised Carolina H. Wahlby and Lina Lundevall-Brunö (Finance and Restructuring) and Mattias Friberg, Anton Eriksson and Edvin Matton (Capital Markets). As previously communicated, Snellman’s core advisory team for the M&A transaction comprised Miklos Kovacs Scherlin, Alexander Lindqvist, Nadine Lågland, Sophia Engdahl, and Adam Jatta Kölin (Private M&A).
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 on the cross-border merger between If P&C Insurance and Topdanmark Forsikring
2025
Snellman acted as legal advisor to Swedish insurance company If P&C Insurance Ltd (publ) (Sw: If Skadeförsäkring AB (publ)) in connection with the statutory cross-border merger between If P&C Insurance Ltd (publ) as the absorbing company, and Danish insurance company Topdanmark Forsikring A/S as the absorbed company, which was completed on 1 July 2025. If P&C Insurance is the largest insurance company in the Nordics with Sampo plc, listed on Nasdaq Helsinki, Nasdaq Stockholm and Nasdaq Copenhagen, as ultimate parent company. Following the cross-border merger, If P&C Insurance becomes Denmark’s second-largest insurance provider.
Snellman’s core advisory team included Mattias Friberg, Anton Eriksson and Edvin Matton (Corporate), and Jenny Lundberg, Josephine Gjerstad Medina and Lisa Pålsson (Employment).
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 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).
Snellman legal advisor to Roc Oil on its recommended public tender offer for Tethys Oil AB
2024
Snellman advised Roc Oil Company Pty Limited, one of Australia’s leading independent upstream oil and gas companies, in connection with its recommended public cash tender offer for all shares in Tethys Oil AB, listed on Nasdaq Stockholm. The offer values Tethys Oil AB at approximately SEK 1.894 billion, corresponding to a share price premium of 89 percent compared to the closing price of Tethys’ shares the last day of trading before the announcement of the offer.
Snellman’s core advisory team comprised Mattias Friberg, Khaled Talayhan, Emma Greiff, Lisa Kindstedt and Edvin Matton (Public M&A), Peter Forsberg, Philip Thorell and Ajda Hasanovic (Competition and FDI), Jenny Lundberg and Lisa Pålsson (Employment), Rezan Akkurt and Johan Erlandsson (Finance & Restructuring), and Sara Domeij (IP/Tech).
Snellman advisor to Byggmästare Anders J Ahlström Holding AB (publ) on its listing on Nasdaq Stockholm main market
2024
Snellman acted legal advisor to Byggmästare Anders J Ahlström Holding AB (publ), a Swedish investment company focusing primarily on investments in small and mid-sized companies in Sweden and the Nordics, on its listing of its shares on Nasdaq Stockholm main market. The market capitalisation of the company was approximately SEK 2 billion on the first day of main market listing on 19 June 2024.
Snellman’s core advisory team comprised Mattias Friberg, Emma Greiff, Edvin Matton and Sebastian Sund (Capital Markets), Lars Bärnheim (Private M&A), Jenny Lundberg and Nellie Jönsson (Employment), Elisabeth Vestin and Nicolas Günthardt (IP/Tech), and Carolina Wahlby and Sofia Granberg (Finance).
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)
2024
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 counsel to Episurf Medical AB on its rights issue of units
2024
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).
Professional Background
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