Mandate

Vinge advises Capillar Equity Investment I on its sale of shares in Nordic Surface Group

January 15, 2021

Vinge is advising Capillar Equity Investment I in connection with the sale of shares in Nordic Surface Group (“NSG”) to a funds managed by Litorina and Bragnum, respectivley. NSG’s management will remain as significant co-owners in the group consisting of six local market leaders formed by Capillar Equity in 2020.

The company offers painting and other surface services such as flooring, tiling and facade finishing in Sweden and combined reported a revenue of SEK 1bn with 800 FTEs in 2020.

Closing of the transaction is subject to applicable competition law approvals and other customary closing conditions.

The Vinge team advising on the transaction includes partner Christina Kokko with the associates Michaela Cronemyr, Johanna Wiberg and Ellinor Wargenbrant.

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