Mandate Vinge advises Hellman & Friedman in connection with the acquisition of Nets A/S and its Swedish subsidiary DIBS Payment Services AB

February 07, 2018

Vinge has advised the US private equity company Hellman & Friedman in connection with the acquisition of the listed Danish payment services company, Nets A/S.

The takeover offer for Nets A/S is Europe’s largest for several years and amounts to DKK 33.1 billion. The final approval from the shareholders of Nets A/S shows that the takeover offer has been accepted by owners holding approximately 94 per cent of the share capital and the votes in Nets A/S.

The Danish company Nets A/S is a world leading supplier of digital payment services and is listed on the Copenhagen Stock Exchange. Nets A/S is also indirectly owned by the Swedish e money institute DIBS Payment Services AB, and thus the acquisition and the change of ownership is conditional upon prior approval of the Swedish Financial Supervisory Authority. The Swedish Financial Supervisory Authority has recently provided such approval in respect of the transaction and approvals have already been received from the Danish, Norwegian and Finnish competent authorities.

Vinge’s team consisted of Emma Stuart Beck (responsible partner), partner Fredrik Wilkens, associates Caroline Krassén, Henrik Schön, Malin Haag, Lave Nilsson and Carolina Sandell. Partner Louise Brorsson Salomon and associate Linn Adelwald advised on financing issues.

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Dispute resolution expert Jerker Kjellander has been elected as a partner in Vinge’s Skåne office.
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Amendments to the Swedish Competition Act provide extended powers for the Swedish Competition Authority

Early in 2021, the Swedish Competition Act (2008: 579) will be amended in several important respects. The background to the amendments is Directive (EU) 2019/1 of the European Parliament and of the Council, which aims to harmonize the investigative and sanctioning powers of the European competition authorities in their enforcement of the EU competition rules. Undertakings active in Sweden will be affected by the amendments in several ways.
October 12, 2020

Vinge contributes to IUMI Eye

International Union of Marine Insurers (IUMI) is preparing for its first web based conference – Stockholm 2020 – of which Vinge is a proud sponsor. In the latest edition of IUMI Eye, published just in time for the conference, Vinge’s Paula Bäckdén and Sweden Insurance’s senior advisor Mikaela Tamm discuss the implications of waiving liability limitations.
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