Mandate

Vinge advised Baseload Capital in connection with the company’s new financing of approximately SEK 500 million

October 25, 2022 Banking and Finance M&A

Vinge has advised Baseload Capital Holding AB in connection with a financing round of approximately SEK 500 million. The financing consists of (i) the issuance of convertible debentures of USD 24 million to current and new investors and (ii) a convertible term facility of EUR 25 million from Sustainable Development Capital (SDCL) to finance development of current and future geothermal energy facilities.

The current shareholders which participated in the financing round are Gullspång Invest, Chevron Technology Ventures – the venture arm of Chevron, one of the world’s largest energy companies – and Breakthrough Energy Ventures – a company founded by Bill Gates to invest in technologies needed to reach net-zero emissions by 2050. New investors which participated are energy technology company Baker Hughes and the Nordic Environment Finance Corporation (Nefco), the Nordic Green Bank.

Baseload Capital works with financing, planning and building of international projects for renewable energy, primarily within geothermal energy, i.e. heat from the Earth’s interior. As geothermal energy functions independently of the weather or daily fluctuations, it is well suited for supplying large energy systems with a so-called base load. In addition to base power, the subsurface water can also be used to extract minerals such as lithium, creating an ecosystem of added benefits for the planet.

Vinge’s team consisted primarily of Maria Dahlin Kolvik and Måns Håkanson (M&A) as well as Louise Brorsson Salomon, Arvid Weimers and Jolinn Uhlin (Finance)

Related

Vinge has advised Pareto Securities in connection with a rights issue in Episurf Medical

Vinge has advised Pareto Securities in connection with a partially secured rights issue of units of up to approximately SEK 120 million in Episurf Medical.
April 24, 2024

Vinge has advised Embracer Group in connection with a EUR 900 million bridge facility agreement entered into with JP Morgan, BNP Paribas, SEB, Société Générale and Swedbank

Vinge has advised Embracer Group AB (publ) (“Embracer”) and its subsidiary group Asmodee in connection with the entry into of a EUR 900,000,000 financing agreement with JP Morgan, BNP Paribas, SEB, Société Générale and Swedbank and concurrent prepayment of existing Embracer indebtedness.
April 22, 2024

Vinge advises Trianon in connection with directed share issue and tender offer for subordinated sustainable capital securities

Vinge advises Fastighets Aktiebolaget Trianon (publ) in connection with a directed share issue of SEK 184 million and a tender offer for outstanding subordinated perpetual floating rate callable sustainable capital securities.
April 19, 2024