Mandate

Vinge advises Altor and management sellers in divestment of Euro Cater

April 26, 2013

Vinge is advising Altor Fund II G.P and management sellers in connection with the divestment of Euro Cater to reinvesting employees and Intermediate Capital Group plc (ICG). Euro Cater is a leading Nordic food service company, distributing food and non-food products to hotels, restaurants and other professional kitchens. Euro Cater conducts operations in Denmark and Sweden and has around 1,750 employees. Altor invested in Euro Cater in 2006, and since then Euro Cater’s EBITDA has increased from DKK 200 million to DKK 500 million. The transaction is subject to approval of relevant competition authorities.

The Vinge team acts as local counsel to the sellers in the transaction, and includes partner Bo Adrianzon and associates Johan Steen, Ulrich Ziche, Oscar Rydén and Karin Isacson.

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

Vinge presents the Swedish chapter for the 2022 version of The Legal 500: Private Equity Country Comparative Guide

The guide provides an overview of the Swedish Private Equity market and the salient legislation in connection with PE transactions in Sweden.
January 11, 2022

The prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings

On Tuesday 21 December, the EU Court of Justice delivered its long-awaited judgment in the Bank Melli Iran case (Case C-124/20) on the interpretation of the EU Blocking Statute regarding compliance with third country sanctions. According to the Court, the prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings. Following the Court’s judgment, anyone seeking to terminate a contract with a person or business subject to US sanctions must thoroughly consider if the termination is motivated by other reasons than the existing sanctions and reflect on whether to apply to the Commission for a derogation from the Blocking Statute.
December 23, 2021