Mandate

Vinge advises BHG Group in connection with the acquisition of HYMA Skog & Trädgård

June 11, 2021

Vinge is advising BHG Group AB (publ) in connection with its acquisition of 92.2% of the shares in HYMA Skog & Trädgård (“HYMA”). The initial purchase price for 100% of the shares is equivalent to approximately MSEK 1,100, which will be paid partly in cash and partly through an issue in kind. In addition, there is an earn-out based on EBITA for 2022 of up to SEK 500 million. Pursuant to the issue in kind, the current principal shareholder Verdane and HYMA’s management will become shareholders in BHG Group

HYMA holds a leading market position within the categories of Gardening, Tools and Leisure with a broad portfolio of external and own brands. The company’s turnover for the entire year 2021 is expected to amount to approximately MSEK 1,100 with an EBITA of MSEK 80.

 

BHG Group is the largest online actor within consumer trading in the Nordic region and the largest online actor in Europe within Home Improvement, which includes both Do-It-Yourself and Home Furnishing. BHG Group’s e-trading operations employs approximately 2,000 people and includes more than 100 online destinations and 70 showrooms. The head office is situated in Malmö with operations in most European countries. BHG Group is listed on Nasdaq Stockholm.

 

The transaction is subject to customary approvals by public authorities.

 

Vinge’s team consists of Kristian Ford together with, among others, Pär Remnelid (competition law), Christian Lindhé (capital markets), Niklas Törnell, Julia Ahlqvist, Karin Gynnerstedt, Lena Westberg, Tilda Hall and Selma Beganovic.

Vinge authors the Swedish contribution regarding tax disputes for The Legal 500

International companies run the risk of the erroneous management of tax issues when conducting operations in several jurisdictions. In such event, disputes can arise with the relevant tax authorities. The Legal 500 has now introduced a dedicated chapter on tax disputes in its comparative guide for the first time and Ulrika Bengtsson, advokat and counsel, has been selected to provide a clear picture of the Swedish tax litigation system.
November 09, 2022

The wide reach of the prohibition against circumventing EU sanctions

Against the background of Russia’s invasion of Ukraine, the EU has imposed a number of sanctions, which include a prohibition for companies within the EU to take certain measures in relation to Russia, as well as designated Russian people and entities on the sanction lists. Furthermore, a prohibition to circumvent the sanctions has been introduced in order to ensure that the sanctions are effective also in practice. When it comes to this circumvention prohibition, it is important to be aware of its wide interpretation, as established by the Court of Justice of the European Union and the European Commission.
October 31, 2022

Sanctions update 14 October

Further to our previous sanctions updates of 25 February, 3 March, 11 March, 16 March , 14 April and June 8 and 22 July, we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:
October 14, 2022