Mandate

Vinge has advised Morrow Bank AB (publ) in conjunction with the acquisition of MedMera Bank AB

Vinge has advised Morrow Bank AB (publ) in conjunction with the acquisition of all shares in MedMera Bank AB from Kooperativa Förbundet for a total consideration of SEK 1,960 million. The transaction positions Morrow Bank as a leading Nordic platform in consumer finance with combined gross loans of SEK 28.2 billion.

Morrow Bank is a Nordic niche bank listed on Nasdaq Stockholm that offers digital and flexible financing solutions to private individuals in Norway, Sweden and Finland. MedMera Bank is a digital bank that has been offering banking services in savings and loans since 2007, with approximately 135,000 customers and a historically strong connection to the Coop sphere. The transaction establishes a long-term partnership with Coop and its over 4 million members, with Kooperativa Förbundet remaining one of the major shareholders in the merged bank.

Vinge’s team primarily consisted of Samra Tesser, Mana Sohrabi and Viktor Ejlertsson (M&A), Emma Stuart-Beck, Elias Bohlin and Rebecka Björnestedt (Financial Services), Rikard Lindahl, Carl Lexenberg and Hilda Andreasson (Capital Markets and Public M&A), Mario Saad, Therese Baltzarsson, Elis Allmark, Siri Blomberg and Katja Häglund (Commercial Agreements & IT), Sam Seddigh and Louisa Fagarsan (Employment Law), Axel Lennartsson (IP), Sebastian Örndahl and David Olander (EU, Competition & Regulatory) and Julia Ulander Kull (Transaction Support Co-ordinator).

The transaction is subject to the customary regulatory approvals.

For further details regarding the transaction, please refer to Morrow Bank’s press release.

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