Mandate

Vinge advises Bain Capital and Hellman & Friedman in connection with the acquisition of Securitas Direct

June 27, 2011

Vinge and Kirkland & Ellis have advised Bain Capital and Hellman & Friedman in connection with the acquisition of Securitas Direct from EQT V. The purchase price amounted to approximately SEK 21 billion on a debt-free basis as well as a potential supplementary purchase price of up to SEK 0.9 billion. Securitas Direct is Europe’s leading supplier of alarm services for residential accommodation and small businesses. Securitas Direct has approximately 1.4 million customers and is the market leader on almost all the markets in which it operates. The transaction is subject to the consent of the European Commission.

Vinge’s team acting for Bain Capital and Hellman & Friedman consisted of partners Malin Leffler and Maria-Pia Hope together with, among others, associates Jonas Bergström, Alex Miler, Robin Dangoor, Claes Henriksson and Emma Lindelöf. White & Case acted for EQT V.

New statute prohibits unfair terms and conditions and practices in conjunction with the purchase of agricultural and food products

The so-called UTP Act prohibits buyers from using certain terms and conditions and practices against suppliers of agricultural and food products. The Swedish Competition Authority exercises supervision and can, among other things, carry out unannounced inspections and order individual to attend formal interviews. In conjunction with violations, sanctions such as injunctions subject to a default fine or a sanction fee of up to one per cent of the buyer’s annual turnover can be imposed. The UTP Act will enter into force on 1 November 2021 and will also be applicable to contracts which are entered into prior to this date.
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Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
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European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
September 20, 2021