Josephine works at the firm’s employment law practice at the Stockholm office. She advises both domestic and international companies in matters related to employment law, such as general day-to-day advice for companies operating in the Swedish market, drafting of employment contracts and terminations thereof, union negotiations, as well as employment issues in connection with mergers, acquisitions, and restructurings.
Snellman counsel to SEB Private Equity in the acquisition of Talurit Aktiebolag
Snellman acted as counsel to SEB Private Equity in the acquisition of Talurit Aktiebolag (“Talurit”), a global market leader in mechanical splicing systems for wire rope. Talurit operates offices in Sweden, the UK, Germany, the U.S., China, and Singapore, with a global sales reach.
Snellman’s core advisory team included Mikael Klang, Alexander Lindqvist, Carl Tengblad, Nadine Lågland and Adrian Bäck (M&A), Josephine Gjerstad Medina and Nellie Jönsson (Employment), Nicolas Günthardt (IP/Tech) and Angelica Berntsson (Real Assets).
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 advisor to NYAB on its ground-breaking cross-border conversion re-domiciliation and simultaneous listing transfer from Finland to Sweden
Snellman acted as legal advisor to NYAB Plc / NYAB AB, a leading specialized contractor of sustainable infrastructure and renewable energy projects, on its re-domiciliation and transfer of listing from Finland to Sweden. The re-domiciliation to Sweden was executed as a cross-border conversion, pursuant to the so-called EU Mobility Directive, whereby NYAB Plc, without being dissolved or liquidated, was converted from a Finnish to a Swedish public limited liability company, NYAB AB, with its registered office in Sweden. The conversion of the shares was implemented by delivery of the converted shares in NYAB AB to the shareholders in the form of so-called link securities in the book-entry securities system maintained by Euroclear Finland Oy, such link securities being exchangeable to shares in NYAB AB issued in the book-entry securities system maintained by Euroclear Sweden AB.
Simultaneously with the cross-border conversion, NYAB Plc’s shares were delisted from Nasdaq First North Growth Market in Finland and NYAB AB’s shares were listed at the Premier segment of Nasdaq First North Growth Market in Sweden. Based on the closing share price on the first day of trading at Nasdaq First North Premier Growth Market in Sweden, 28 June 2024, the market capitalisation of NYAB AB amounted to approximately SEK 7.3 billion.
The transaction is the first EU Mobility Directive based cross-border conversion with a simultaneous cross-border transfer of listing in Europe.
Snellman’s core advisory team included Mattias Friberg, Khaled Talayhan, Marc Tevell de Falck, and Sebastian Sund (Corporate & Capital Markets), and Jenny Lundberg, Josephine Gjerstad Medina, and Nellie Jönsson (Employment).
ABG Sundal Collier acted as financial advisor to NYAB in the cross-border conversion re-domiciliation and listing transfer.
Snellman Counsel to Teser Group AB in the Acquisition of Godsmak Sweden AB
Snellman acted as counsel to Teser Group AB, a portfolio company of SEB Private Equity, in the acquisition of Godsmak Sweden AB. Godsmak Sweden AB specializes in food delivery directly to small and large companies and offices in the Stockholm area.
Snellman’s core advisory team comprised Mikael Klang, Alexander Lindqvist, Carl Tengblad, Adrian Bäck (M&A), Josephine Gjerstad Medina, Nellie Jönsson (Employment), and Louise Nordback (IP/Tech).
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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 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 Lagercrantz Group in the Acquisition of Nordic Road Safety
Snellman acted as counsel to Lagercrantz Group in the acquisition of 85% of the shares in Nordic Road Safety AB (NRS), a Swedish supplier of permanent road safety through development, consulting, sales, project management and installation of safety barrier systems and noise barriers.
Our core team comprised of Claes Kjellberg, Maja Uppgren, Nicolina Hultgren Farsani, Philip Thorell, Nellie Jönsson, and Josephine Gjerstad Medina.
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 Local Counsel to GfK SE in the EUR 315 Million Sale of Its European Consumer Panel Business (GfK CP) to YouGov PLC
Snellman acted, together with Jones Day, as counsel to GfK SE in the EUR 315 million sale of its European Consumer Panel business (GfK CP) to YouGov PLC, a leading international online research data and analytics technology group headquartered in the United Kingdom and listed on the London Stock Exchange (LSE: YOU).
GfK CP compasses over 100,000 households with panels across 16 European countries collecting and providing data on shopping behaviour relating to fast moving consumer goods.
Snellman’s advisory team comprised Richard Åkerman, Astrid Trolle Adams, Ulrika Wigart, Klara Hasselberg (Private M&A), Jenny Lundberg, Josephine Gjerstad Medina (Employment), and Olof Östman (IP & Tech).
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 Equip Capital in Its Investment in Stenbolaget
Snellman acted as counsel to Equip Capital, a Nordic private equity firm, in its investment in Stenbolaget Sverige AB, a Swedish stone supplier.
Stenbolaget produces and sells stone and stone products to private and professional customers. The production is carried out by Stenbolaget’s wholly-owned Turkish subsidiary, which has, among other things, certifications from SMETA.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Nadine Lågland, and Nicolina Hultgren Farsani (Private M&A), Josephine Lindgren and Jens Rönneholm (Employment), Carolina Wahlby and Amanda Alexandersson (Finance), Andreas Wingren (Real Assets), Olof Östman (IP & Tech), and Philip Thorell and Sarah Ek (Competition & Regulatory).
Snellman Counsel to Vaaka Partners backed Staria Oyj in the Acquisition of Suitespot AB
Snellman acted as counsel to Vaaka Partners backed Staria Oyj, a Finnish information system and accounting services company, in the acquisition of Suitespot AB, a Swedish information technology and services company.
Snellman’s core advisory team comprised Claes Kjellberg, Annika Schaumann, Jonas Sjöberg, Nicolina Hultgren Farsani, and Nadine Lågland (M&A), Josephine Lindgren (Employment), Sara Heikfolk (IP & Tech).
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 Nordic Metal Holdings in Its Acquisition of Alumeco Group
Snellman advised Nordic Metal Holdings in its acquisition of Alumeco Group, a metal wholesaler primarily within aluminum. As a part of a multinational transaction, our team acted as an advisor in Finland and Sweden. Moalem Weitemeyer acted as global lead counsel.
Nordic Metal Holdings is part of the Amari Family, an international multi-metal distributor with a network of service centers covering the whole of Europe. The acquisition is pending regulatory approval.
Our cross-border advisory team comprised Rabbe Sittnikow, Richard Åkerman, Annika Schauman, Moa Fritzon Torbjelt, Jonas Sjöberg, Tanja Schnitt, Olof Östman, Andreas Wingren, Jens Rönneholm, Santeri Jääskeläinen, Juha Ellonen, Risto Ojakoski, Josephine Gjerstad Lindgren, Philip Thorell, Wilhelm Sanmark, Anniina Jaatinen, Hilma Mäkitalo, and Tiia Mäki.
Snellman Counsel to Marlin Equity Partners and its Portfolio Company Puzzel AS in the Acquisition of S2 Communications AB
Snellman acted as counsel to Marlin Equity Partners, a global investment firm with over $ 8.2 billion of capital under management, and its portfolio company Puzzel AS in the acquisition of S2 Communications AB, a digital-first provider of outbound campaign management and sales functionality solutions, such as payment services, order capture, calendar bookings and e-signatures.
Our core team included Mikael Klang, Alexander Lindqvist, Tanja Schnitt, and Emma Johari (Private M&A), Josephine Lindgren (Employment) and Olof Östman (IP and Technology).
Snellman Counsel to Schaeffler in Its Investment in the Green Impact Company H2 Green Steel
Snellman acted as counsel to Schaeffler, a leading global supplier to the automotive and industrial sectors and one of the world’s largest family companies, in its investment in the Swedish green impact company H2 Green Steel. H2 Green Steel is securing a total amount of EUR 190 million, in the first close of the series B equity financing from a selected group of investors. H2 Green Steel was founded in 2020 with the ambition to accelerate the decarbonisation of the steel industry using green hydrogen.
Snellmans core team included Johanna Wärnberg, Nicolina Hultgren Farsani, Emma Andersson (Private M&A), Andreas Wingren (Real Estate), Josephine Lindgren, Lisa Pålsson (Employment), Jessica Tressfeldt (IP & Technology), Maria Landtman, and Emmi Nuutila (Projects and Construction).
Snellman Counsel to Sandbäckens in Its Acquisition of LH Ventteknik AB
Snellman acted as counsel to Sandbäckens, a provider of technical installation services, in its acquisition of LH Ventteknik AB. The acquisition continues to broaden Sandbäckens range of services within the property technology solution.
Snellman’s core team included Claes Kjellberg, Miklos Kovacs Kal, Nicolina Hultgren Farsani, Tanja Schnitt (M&A Private), Jenny Lundberg, Josephine Lindgren, Lisa Pålsson (Employment), Abiram Soma (Real Assets), Sara Heikfolk (IP & Technology), Rezan Akkurt, and Ebba Sjölin (Finance & Restructuring).
Snellman Counsel to Novedo in the Acquisition of Nordsign AB and Its Portfolio Company ProvideU in the Acquisition of Elektronik Mekanik in Västerås
Snellman acted as counsel to Novedo in the acquisition of Nordsign AB, a product and installation company that delivers tailormade and complete solutions in commercial signs for clients in the Nordic countries, and Novedo’s portfolio company ProvideU in its acquisition of Elektronik Mekanik in Västerås, a fast-growing industrial company focusing on the production and assembly of circuit boards.
The acquisition of Nordsign is Novedo’s eighteenth since inception and the seventh in 2022, whereas the acquisition of EM is the first add-on acquisition for Novedo.
Snellman’s core team comprised Miklos Kovacs Kal, Tanja Schnitt, and Anna Nordin Pettersson (M&A Private), Jenny Lundberg and Josephine Lindgren (Employment), and Olof Östman (IP & Technology).
Snellman Counsel to Xindao in Its Acquisition of Vinga Sweden
Snellman acted as counsel to Xindao, a Dutch company and the leading European provider of sustainable business gifts serving over 4,500 distributors, in its acquisition of Vinga Sweden.
With the acquisition, Xindao becomes the leading provider of business gifts in Sweden and further strengthens its position across the Nordics.
Snellman’s core team comprised Richard Åkerman, Maja Uppgren, Nicolina Hultgren Farsani and Tanja Schnitt (Private M&A), Andreas Wingren (Real Asset), Josephine Lindgren (Employment), Ebba Sjölin (Finance), and Olof Östman (IP & Tech).
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 Soltech Energy Sweden in the Acquisition of Sud Energies Renovables S.L
Snellman acted as counsel to Soltech Energy Sweden AB (publ) in the acquisition of Sud Energies Renovables S.L., a Spanish solar energy company that specialises in industrial, energetic, and environmental areas.
With the acquisition of Sud Energies Renovables S.L., Soltech Energy Sweden AB (publ)’s further strengthens its international expansion with its first acquisition in Spain. The revenues of Sud Energies Renovables S.L. is expected to increase significantly from SEK 90 million in 2021 to SEK 245 million by the end of 2022.
Snellman’s core team comprised Johanna Wärnberg and Alexander Lindqvist (Private M&A) and Josephine Lindgren (Employment).
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 Rebellion in the Acquisition of Stockholm Betongkonsult AB
Snellman acted as counsel to Rebellion in the acquisition of Stockholm Betongkonsult AB, a company consisting of niche technical consultants focusing on concrete.
Snellman’s core team included Miklos Kovacs Kal and Alexander Lindqvist (Private M&A), Josephine Lindgren (Employment), and Olof Östman (IP & Technology).
Snellman Counsel to Soltech Energy Sweden AB (publ) in Its International Expansion and First Bolt-on Acquisition
Snellman acted as counsel to Soltech Energy Sweden AB (publ) in its acquisition of the Dutch solar energy company 365 Energie Holding B.V. (“365zon”), the acquisition of the remaining 40 per cent of the subsidiary Din Takläggare i Värmland-Dalsland AB (“Din Takläggare”), and the bolt-on acquisition of the solar energy company Solexperterna Värmland AB (“Solexperterna”).
Soltech Energy Sweden AB (publ) acquired 53.3 per cent of the shares in 365zon, which had sales of SEK 250 million in 2021 and is estimated to have sales of approximately SEK 350 million in 2022 with an operating profit of approximately 10 per cent. This is Soltech’s first international acquisition and establishes the Soltech group in the growing Dutch solar energy market. The acquisition is financed entirely with own cash and with newly issued Soltech shares.
Soltech Energy Sweden AB (publ) also acquired the remaining 40 per cent of the shares in its subsidiary Din Takläggare and, in connection with the acquisition, the Soltech Group made its first bolt-on acquisition by way of acquiring 100 per cent of the solar energy company Solexperterna through Din Takläggare. The bolt-on acquisition of Solexperterna further strengthens Din Takläggare’s solar energy competence and installation capacity. Both acquisitions were financed entirely by equity with newly issued Soltech shares.
These transactions were carried out within our private M&A and infrastructure practice, and our core advisory team included Johanna Wärnberg, Maja Uppgren, Alexander Lindqvist, and Josephine Lindgren.
Snellman Counsel to Aker BP ASA in the Combination of the Oil and Gas Businesses of Aker BP ASA and Lundin Energy AB
Snellman acted as counsel to Aker BP ASA, the Norwegian oil and gas company listed on the Oslo Stock Exchange, in the combination of its oil and gas business with the oil and gas business of Lundin Energy AB, the Swedish oil and gas company listed on Nasdaq Stockholm. At the time of the announcement of the transaction, the total value of the consideration for Lundin Energy AB’s oil and gas business corresponds to approximately SEK 100.17 billion.
Snellman’s core advisory team comprised Ola Åhman, Mattias Friberg, Emma Greiff, Anton Eriksson, Lisa Kindstedt, Saara Ludvigsen, Marcus Nyberg, Julia Nordgren, and Josephine Lindgren.
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 Fazer Group in Its Acquisition of Trensums Food
Nordic Law Firm Snellman acted as counsel to Fazer Group in its acquisition of Trensums Food, a Swedish market-leading producer of plant-based drinks, with a strategic focus on oat drinks. Trensums Food, together with its fully owned subsidiary, generated 779 MSEK (about 77 MEUR) of net sales in the fiscal year ending April 2021. The acquisition is a further step in the implementation of Fazer Group’s growth strategy and ambition to become one of the leading players in non-dairy and plant-based food in Northern Europe. The transaction is subject to Swedish Competition Authority approval.
Trensums Food is a growth company and a leading player in liquid plant-based foods with oat drinks as its main focus. The company was the first in the world to commercially produce oat drinks and today Trensums Food sells its oat drinks to a large part of the world. In recent years, Trensums Food has invested in expanded capacity based on strong demand, which continues to grow – setting the stage for further growth in the future.
Fazer Group, the Food Experience Company, focuses on fast-moving consumer goods, operates in eight countries and exports to around 40 countries. In 2020, Fazer Group had net sales of 1.1 billion euros and almost 8,500 employees. Fazer Group’s operations comply with ethical principles that are based on the Fazer Group’s values and the UN Global Compact.
For further information, please refer to Fazer Group’s press release here.
Our core advisory team included Richard Åkerman, Miklos Kovacs Kal, Jonas Sjöberg, Iiris Ikkelä and Emma Andersson (M&A), Mikael Stabo and Andreas Wingren (Real Assets), Jessica Tressfeldt (IP & Tech), Josephine Lindgren (Employment) and David Olander (Competition).
Snellman Counsel to Nivika Fastigheter AB (publ) on Its IPO and Listing on Nasdaq Stockholm Main List
Snellman acted as counsel to Nivika Fastigheter AB (publ), a fast-growing property company, on its initial public offering and listing of all class B shares on the Nasdaq Stockholm main list. The offering of newly issued class B shares, which was heavily oversubscribed, amounted to SEK 1,000 million, and additional class B shares amounting up to SEK 150 million may be issued under an overallotment option. Tredje AP-fonden, Swedbank Robur Fonder, Öhman Fonder, and Weland AB were cornerstone investors in the offering and acquired shares for SEK 600 million in total. Based on the closing share price on the first day of trading, 3 December 2021, the market capitalisation of the company amounted to approximately SEK 5,417 million. Danske Bank A/S, Danmark, Sverige Filial, and Skandinaviska Enskilda Banken AB acted as joint global coordinators and joint bookrunners.
Nivika is a fast-growing property company with a focus on long-term ownership, efficient new development, and an investment strategy with purpose of being flexible and adaptable towards the property market. The net proceeds will be used to finance continued growth through acquisitions and project development with new development of residential and commercial properties for long-term own ownership and management.
Snellman’s advisory team consisted mainly of Mattias Friberg, Christoffer Saidac, Khaled Talayhan, Emma Greiff, Anton Eriksson, Lisa Kindstedt, Andreas Wingren, Josephine Lindgren, Rezan Akkurt, and Alexander Lindqvist.
Snellman Counsel to Global Event Technology Leader NEP Group, Inc., a Carlyle Group Portfolio Company, in the Acquisition of Bright Group
Snellman acted as counsel to global event technology leader NEP Group, Inc., a Carlyle Group portfolio company, in the acquisition of Bright Group, a 360 supplier of live event services in Northern Europe with presence in Finland, Sweden, and Norway.
Snellman’s team consisted of Outi Raitasuo, Annika Schauman, Johanna Wärnberg, Iiris Ikkelä, Mikael Lustig, and Elias Laine (Corporate / M&A), Antti Nyberg and Elisa Viiri (Finance), Ingrid Remmelgas and Josephine Lindgren (Employment), Jesper Nevalainen and Amanda Blick (IP & Technology), and Jenni Parviainen and Matleena Pälve (Tax).
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 Advised Private Equity Sponsor Riverside and Its Portfolio Company Abracon on the Acquisition of Proant AB and Proant Asia Limited
Snellman advised private equity sponsor Riverside and its portfolio company Abracon on the acquisition of Proant AB and Proant Asia Limited, privately held antenna suppliers headquartered in Umeå, Sweden, and Hong Kong, respectively. The combined companies will form Abracon’s new ProAnt brand. Abracon will retain facilities in both Sweden and Hong Kong. Abracon, LLC is an industry leader in passive components, providing frequency control & timing device, RF & antenna, and inductor & connectivity solutions through a global distribution network.
Snellman’s team consisted of Mikael Klang, Iiris Ikkelä, Douglas Essehorn, Alexander Lindqvist (Corporate/M&A), Jenny Lundberg, Josephine Lindgren (Employment), and Anna Ribenfors (IP & Technology).
Snellman Counsel to SEB Private Equity in Its Partnership with Eatery
Snellman acted as counsel to SEB Private Equity in its investment in and partnership with Eatery. Eatery is a Swedish fast-growing concept chain with conferences, restaurants, cafés, evening restaurants, and food delivery to the public sector. Eatery has eight restaurants and conference facilities and ten production kitchens. SEB Private Equity is part of SEB, which focuses on developing companies such as Eatery through close collaboration with entrepreneurs and management teams.
Our advisory team included Mikael Klang, Jonas Sjöberg, Ebba Almén and Alexander Lindqvist (Private M&A); Caroline Sundberg and Jessica Tressfeldt (IP & Technology); Jenny Lundberg, Josephine Lindgren, and Lisa Pålsson (Employment); and Andreas Wingren (Real Assets).
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 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 Intera Partners backed Sitowise in the Acquisition of Stockholms VVS-Kompetens
Snellman acted as counsel to Intera Partners backed Sitowise Holding AB in the acquisition of Stockholms VVS-Kompetens AB, a Swedish technical installation consultant within heating ventilation and cooling systems.
Sitowise Group is a Nordic expert in the built environment with a strong focus on digitality. The group has 2,000 experts that daily provides a comprehensive range of built environment services within building design, infrastructure design, and digital solutions. Snellman’s core team included Claes Kjellberg, Jonas Sjöberg, Anna Bergström, and Emma Andersson (Private M&A) and Josephine Lindgren (Employment).
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 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 Vitec Software Group AB (publ) in the Acquisition of Unikum Datasystem Aktiebolag
Snellman acted as counsel to Vitec Software Group AB (publ), in the acquisition of Unikum Datasystem Aktiebolag, a Swedish business system developer.
Snellman’s core team included Claes Kjellberg, Johanna Wärnberg, Julia Wegelius, Josephine Lindgren, Ebba Almén, Linn Alfredsson, Alexander Lindqvist, and Caroline Sundberg.
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