Mandate

Vinge advises Santander Consumer Finance in connection with the divestment of its Swedish and Norwegian Credit Card and Sales Financing business

Vinge has advised Santander Consumer Bank AS in connection with the sale of its Swedish and Norwegian credit card business as well as the sales financing business that Santander currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden to Avida Finans AB (publ).

The business includes approximately 450 000 private customers with a total outstanding performing loan volume of approximately 4 billion SEK. The transaction is expected to close on 31 December 2024 and is still subject to applicable regulatory approvals.

Vinge's consisted of Christina Kokko, Matthias Pannier, Manon de Cooman, Isabelle Wållgren, Erik Kochbati (M&A), Eva Fredrikson, Jolene Reimerson, Mathilda Persson, Elis Allmark, Nicklas Thorgerzon (Commercial Agreements, IT and GDPR), Viveka Classon, Caroline Krassén, Sara Hedgren (Financial Services), Malin Malm Waerme (IP), Albert Wållgren (Banking and Finance), Victor Ericsson (Tax), Sam Seddigh, Emil Lindwall, Jonatan Stentorp (Employment) samt Carl Bruneheim och Cecilia Loctander (Transaction Support).

Read Avida’s press release here.

Related

Vinge advises Sveafastigheter on the establishment of its EMTN programme and issuance of EUR 300 million bonds

Vinge has advised Sveafastigheter AB (publ) as Swedish legal counsel on the establishment of a euro medium-term note programme (the “EMTN programme”) with a framework of EUR 2 billion and the issuance of senior unsecured bonds totalling EUR 300 million under the EMTN programme.
January 23, 2026

Vinge advises EQT AB on its combination with Coller Capital

Vinge advises EQT AB on its acquisition Coller Capital, a global secondaries firm with nearly USD 50 billion in total assets under management across institutional, private wealth and insurance-related capital.
January 22, 2026

Vinge advises Nordic Re-Finance AB on a Swedish railway financing

Vinge has acted as Swedish legal counsel to Nordic Re-Finance AB, a leading lessor of locomotives for rail freight traffic in Scandinavia, in connection with the execution of a EUR 250m debt package fully underwritten by Natixis CIB.
January 21, 2026