Mandate

Vinge advises EQT in connection with sale of TitanX

August 16, 2016

Vinge advises EQT Opportunity and Fouriertransform AB and other sellers in connection with the sale of TitanX Engine Cooling (“TitanX”) to Tata AutoComp Systems Ltd (“Tata”), one of India’s leading auto-component conglomerates. TitanX is a global supplier of powertrain cooling solutions for commercial vehicles and the company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Daimler and Iveco. TitanX has a yearly turnover of SEK 1.6 billion and manufacturers in Sweden, USA, Mexico, Brazil and China.

Subject to customary regulatory approvals, the transaction is expected to be completed during the fall of 2016.

Vinge’s team has primarily consisted of Christina Kokko, Sofie Bjärtun and Samra Baytar (M&A), Fredrik Gustafsson and Karin Isacsson (employment), Thomas Sjöberg and Matilda Gustafsson (environmental), Louise Brorsson and Helena Håkansson (finance) and Pernilla Warg (projectassistant). 

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