Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge has advised Axcel on its investment in AddPro
Mandate

Vinge has advised Axcel on its investment in AddPro

July 06, 2020

Axcel has signed an agreement to aquire a majority ownership stake in AddPro, a Swedish leading provider of IT and cloud services. AddPro’s current management team and founders will reinvest in the company alongside Axcel.

AddPro was founded 2000 in Malmö and has a total approximate revenue of SEK 800 million and close to 350 employees. AddPro is acquired from Adelis Equity Partners, founders, the management team and key employees. The transaction is subject to customary regulatory approvals. AddPro is the second investment in Axcel VI.

Vinge’s team consisted of partners Christina Kokko (M&A) and Mikael Ståhl (Banking & Finance) and associates Johanna Wiberg, Stina Bengtsson and Carl Fredrik Wachtmeister (M&A), Linn Adewald, Pauline Lagerstrand, Elias Lundin and Jolinn Uhlin (Banking & Finance), Mathilda Persson, Martin Boström and Fredrika Hjelmberg (Commercial Agreements & IT), Ilze Lukins and Anna Li (IP), Lisa Hörnqvist (GDPR), Veronika Garemark (Employment), Kristoffer Larsson (Real Estate), Kristoffer Sällfors (Public Procurement), Johan Wahlbom (Antitrust) and Nathalie Hughes (VDR assistant).

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

 The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

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