Mandate

Vinge advises Flower in connection with the acquisition of the Pajkölen battery storage project

Vinge has advised the energy technology company Flower Infrastructure Technologies AB (“Flower”) in the acquisition of one of Sweden's largest battery storage projects, Pajkölen, from Arise AB (publ) (“Arise”). The project, which is a 40 MW / 80 MWh Ready-to-Build battery energy storage system (BESS), is located in the Kölvallen wind farm in Ljusdal municipality. The transaction comprise all shares in Pajkölen BESS AB, which owns all rights to the project.

Closing is subject to e.g. certain regulatory approvals and is expected to take place in the fourth quarter of 2024, with grid connection expected to be completed in the first half of 2025.

Through the acquisition, Flower strengthens its position as the country's leading actor in battery optimisation. Once the project is operational, Flower will have complete control over the entire battery value chain, opening up important revenue streams for renewable energy actors, such as grid operators or owners of renewable power.

Vinge's team consisted mainly of Peter Sundgren, Niklas Suni and Gustav Wahlberg (M&A), Kristoffer Larson (Real Estate and Construction), Lina Österberg (Environment), Carla Zachariasson and Ian Linde (Commercial Agreements) and Daniel Wendelsson, Dagne Sabockis and Alva Chambert (FDI).

Related

Vinge advises Intrum on its EUR 4.48 billion recapitalisation transaction

Intrum AB and its subsidiaries have completed a comprehensive and strategic recapitalisation transaction aimed at strengthening the company's balance sheet and securing its long-term financial stability. The transaction involves a restructuring of Intrum's existing debt portfolio of approximately EUR 4.48 billion and includes, among other things, an extension of loan maturities, write-downs of existing debt instruments, the injection of new capital from certain of the company's noteholders, and a share issue to existing noteholders. The recapitalisation transaction was implemented through a pre-packaged Chapter 11 process in the United States and a Swedish company reorganisation.
August 25, 2025

Vinge advises Neptuniplan Maritime in financing of ANCS acquisition

Vinge has advised Neptuniplan Maritime Holding AB in connection with entering into a more than EUR 133 000 000 facilities agreement with Citibank, Danske Bank and Nordea for the purpose of, among other things, financing its acquisition of Wärtsilä’s Automation, Navigation and Control Systems (ANCS) business. Operations will be continuing under NACOS Marine, who provides, among other things, advanced solutions in vessel navigation, automation, and control systems, as well as adaptive autopilots and Guidance Marine, a leader in position reference sensor technology for dynamic positioning and maritime safety.
August 25, 2025

Vinge has advised HealthCap on the establishment of HealthCap IX

HealthCap IX has held its final closing, raising total commitments in excess of the target from a diverse investor base comprising established institutions, pension funds, and renowned investors within the life sciences sector. The strong support reflects continued confidence in HealthCap’s strategy and proven track record.
August 22, 2025