Vinge has advised Fouriertransform, the Swedish state-owned venture capital company for the automotive industry, in its acquisition of shares through a directed new share issue in NovaCast Technologies AB (publ). NovaCast Technologies, which is listed on Nasdaq OMX Stockholm (Small Cap), develops and markets products and software intended to improve the efficiency and speed of production processes to automotive industry companies and their sub-contractors.
The investment amounts to SEK 40 million and, if approved, will make Fouriertransform the largest individual shareholder. The issue is conditional upon approval by an extraordinary shareholders’ meeting.
Vinge’s team consisted of partner Göran Nyström and associates David Andersson and Caroline Strömbäck.