Mandate

Vinge advises BHG Group in acquisition of Nordic Nest

December 14, 2020

Vinge is advising BHG Group AB (publ) in connection with the acquisition of 97.6 per cent of the shares in Nordic Nest Group AB. The acquisition price corresponds to an enterprise value of SEK 1.8 billion.

Nordic Nest offers Scandinavian home decoration design online with customers in 70 countries, including the Nordics, Germany and South Korea. The company has approximately 220 employees and for the split fiscal year 2020/21, which ends on 31 March 2021, net sales are expected to be approximately SEK 1 billion and EBITDA is expected to amount to approximately MSEK 120.

BHG is the largest online actor within consumer trading in the Nordics and the largest actor in Europe within Home improvement, which includes both Do-It-Yourself and Home Furnishings. BHG’s e-trading business has 1,800 employees and includes more than 85 online destinations. The head office is situated in Malmö and the company conducts operations in most European countries. BHG is listed on Nasdaq Stockholm.

 

Vinge’s team consists of Kristian Ford together with, among others, Pär Remnelid, Philip ÅbergTilda HallDaniel Melander Björner and Emelie Svensäter Jerntorp.

 

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.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

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