Philip Thorell advises clients in all types of competition law matters, such as merger control, compliance, and investigations. He regularly acts as counsel to clients in matters before competition authorities, including many of the Swedish Competition Authority’s largest investigations in recent years.
Furthermore, Philip advises clients in all aspects of public procurement law, including in reviewing and preparing tenders, reviewing procurement documents, managing contacts and negotiations with authorities, day-to-day advice in relation to public contracts and public procurement aspects in M&A. He also represents clients in court procedures connected to public procurements.
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 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 Counsel to Lagercrantz Group in the Acquisition of Nordic Road Safety
2024
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.
Snellman Local Counsel to ASICS CORPORATION in Its Sale of Haglöfs AB
2023
Snellman acted as counsel to ASICS CORPORATION in its sale of Haglöfs AB, a well-known Sweden-based outdoor goods provider with products sold in 28 countries, to the global private equity firm Lionrock Capital Limited.
Snellman’s core advisory team on the sale comprised Claes Kjellberg, Astrid Trolle Adams, and Klara Hasselberg (Private M&A), Ebba Sjölin (Finance), and Philip Thorell (Competition & Regulatory).
Snellman Counsel to Oriola Oyj (“Oriola”) in the Sale of Svensk dos AB to Apotekstjänst Sverige AB
2023
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 Tokmanni in its Acquisition of Dollarstore
2023
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)
2023
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
2023
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 Nordic Metal Holdings in Its Acquisition of Alumeco Group
2022
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 Paulig in Their Strategic Digitalisation Programme
2022
Snellman acted as a counsel to Paulig, a family-owned international company in the food and beverage industry, in their strategic digitalisation programme. We assisted Paulig with drafting and negotiating implementation project agreements and licence and cloud service agreements with international vendors of Enterprise Resource Planning Systems (ERP), Manufacturing Execution Systems (MES), and Integrated Business Planning (IBP) software.
“We at Paulig are confident that our contracts going forward will support a successful journey with our vendors due to the professional and high quality work by Snellman’s team”, says Marika Lindström, Chief Information Officer at Paulig.
This is the fifth large-scale strategic digitalisation project in the past three years in which Snellman’s IP & Technology team has acted as counsel. The total value of these technology/digitalisation projects exceeds EUR 12 billion.
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