Mandate

Vinge advises EQT Infrastructure on the EUR 2.7 billion refinancing for its portfolio company GlobalConnect

June 28, 2021

Vinge advises EQT Infrastructure on the EUR 2.7 billion refinancing for its portfolio company GlobalConnect, the leading supplier of B2B and B2C connectivity and digital infrastructure across Northern Europe. The refinancing has raised further funds for expansion and was backed by a group of 14 Scandinavian and international lenders.

GlobalConnect’s business concept is to enable digitalisation by owning, developing and offering the best infrastructure and communication services for the digital society comprising of construction, maintenance and development of a large and wide-ranging network with fibre-to-the-home connections, access for business and delivery of connected solutions, products and competencies. GlobalConnect’s fibre network of approximately 84,500 km connects all major hubs across Northern Europe, but also provides strong regional capillarity across Sweden, Norway and Denmark as well as strategic positions in Finland and Northern Germany.

The new debt refinances loans which were previously held separately by the Danish-Norwegian GlobalConnect and the Swedish IP-Only, as GlobalConnect and IP-Only were merged during last year.

Vinge’s team consisted of Daniel Rosvall, Karl Klackenberg, Desirée Sjöblom and Nina Gransäter (M&A and Restructuring), Louise Brorsson Salomon and Pauline Lagerstrand (Financing), Mathilda Persson (Commercial Agreements), Kristoffer Larson and Isak Willborg (Real Estate and Construction), Martin Johansson, Hedvig Josefson, Sebastian Örndahl and Joel Kokko (EU Regulatory), Tove Lövgren Frisk (Compliance), Karl-Hugo Engdahl (GDPR), Sara Strandberg (Employment), Maria Schultzberg (Tax) and Viktoria Owetz Leyva and Christoffer Widström (VDR‑specialists).

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

The EU Commission proposes a new tool to counter the use of economic coercion by third countries

The European Commission has proposed a new regulation that will provide it with tools to counteract economic coercion from third countries with measures such as tariffs and imports restrictions.
December 13, 2021