Vinge advises EQT Infrastructure IV on its acquisition of IP-Only Group AB
Vinge has advised EQT Infrastructure IV in connection with entering into an agreement to acquire 100% of the shares in IP-Only Group AB at an enterprise value of SEK 18.25 billion (EUR 1.7 billion), plus an earn-out of up to SEK 1 billion (EUR 94 million).
IP-Only, through its Consumer division, started a nationwide roll-out of fiber to residential customers in 2014. Today IP-Only provides wholesale fiber access services to more than 200,000 households and has a large pipeline of additional homes in progress of being delivered. EQT Infrastructure will support IP-Only in its continued contribution to achieving the Swedish Government’s broadband targets, meaning that 98 percent of the Swedish population will have broadband access by the end of 2025.
The transaction is expected to close in June 2019.
Vinge’s team consisted of Daniel Rosvall, Karl Klackenberg, Desirée Sjöblom, Milad Kamali and Isabelle Jengsell (M&A), Louise Brorsson Salomon and Axel Jansson (Banking and Financing), Mathilda Persson and Lisa Hörnqvist (Commercial Agreements and IT), Sebastian Örndahl (Commercial Agreements, Competition and Regulatory), Kristoffer Larson (Real Property) and Daniel Wendelsson (Public Procurement).
Vinge has advised Baseload Capital in connection with its issuance of MSEK 500 senior secured green bonds
The bonds have a tenor of four (4) years and carries an interest rate set to 3 months STIBOR plus 825 basis points. DNB Bank ASA, Filial Sverige acted as sole arranger and issuing agent. The bond proceeds will mainly be used for the development of geothermal power plants in accordance with the company’s green bond framework (which is aligned with the ICMA Green Bond Principles 2018).
Vinge’s team consisted of Louise Brorsson Salomon, Lionardo Ojeda and Pauline Lagerstrand.
Vinge has advised Tobii AB (publ) in connection with an issue of MSEK 300 secured bonds
The bonds mature in February 2022. Carnegie Investment Bank AB (publ) acted as arranger. The proceeds from the bond issue will be used for refinancing existing acquisition financings (including loan facilities) and for the financing of future acquisitions, as well as for general corporate purposes.
The interest rate has been set to three months STIBOR plus 575 basis points. The bonds are secured through pledges over shares in existing and future material subsidiaries and through certain intra-group loans.
Vinge’s team consisted primarily of Louise Brorsson Salomon, Josefine Larsson, Pauline Lagerstrand and Rikard Lindahl.
Vinge has advised THQ Nordic AB (publ)
THQ Nordic is a global video game publisher and developer, based in Karlstad (Sweden) and Vienna (Austria), with subsidiaries in Germany, Sweden, and the USA.
Vinge’s team consisted of Louise Brorsson Salomon, Helena Håkansson, Sebastian Frisk and Desirée Sjöblom.
Vinge has advised Stendörren in connection with a tap issue of SEK 300 million bonds
The bonds have a tenor of three years and a floating interest rate of three months Stibor plus 4.25 per cent. The proceeds from the subsequent bond issue will be issued for general corporate purposes. Swedbank has acted as Issuing Agent and financial advisor to Stendörren.
In accordance with the terms and conditions, the subsequent bonds are intended to be listed and admitted to trading on the corporate bond list at Nasdaq Stockholm shortly.
Vinge also advised Stendörren in connection with the company’s initial bond issue of SEK 350 million on 18 June 2018. A listing prospectus was approved by the Swedish Financial Supervisory Authority on 1 August 2018.
Vinges team consisted of Louise Brorsson Salomon, André Isacson and Fredric Reissmüller.
Vinge advises international private equity firm Cinven on the acquisition of Envirotainer
With c. 300 employees, Envirotainer operates from regional centres in Stockholm, Frankfurt, Dallas and Singapore, with a portfolio of more than 5,500 leased containers globally. Envirotainer developed and marketed the first container with an active temperature control system in 1995 and since then has significantly invested in technology and its container fleet.
Vinge’s team consisted of partners Christina Kokko and Kristina Ekberg (M&A), Louise Brorsson Salomon and Albert Wållgren (Banking and Finance) together with associates Filip Öhrner, Samra Baytar, Karl Klackenberg, Anna Thoms, Vilhelm Rondahl and Arvid Axelryd (M&A), Linn Adelwald and Agnes Perbo (Banking and Finance), Hedvig Ekdahl, Lisa Hörnqvist and Hayaat Ibrahim (Commercial Agreements), Klara Secher (IP), Sara Strandberg and Sophia Holm (Employment), Johan Cederblad (Environment), Frida Ställborn (Real Estate) and VDR assistant Jessica Öijer.
Vinge has advised Litorina V and the Bergfalk group
The company has a turnover of over SEK 640 million and offers its products in Sweden. The company's former main owners and management will remain as significant owners going forward. Through the transaction a partnership is established between the Bergfalk-group and Johan i Hallen creating one of the leading specialist distributors within fresh food with focus on meat, fish and shellfish.
Vinge’s team consisted of partner Jonas Johansson together with the associates Carl Sander and Martin Cronsioe (M&A), Sara Strandberg and Sophia Holm (employment), Kristoffer Larson (real estate), Arvid Axelryd (IP) and Johan Cederblad (environment. Johan Wahlbom provided competition law advice. Partner Louise Brorsson Salomon and associate Sebastian Frisk assisted with the financing.
IK Investment Partners to acquire A-Katsastus Group’s operations in Sweden, Poland and the Baltics
Completion of the transaction is subject to customary conditions.
Vinge’s team consisted of, among others, partner Jonas Bergström together with associates Johanna Wiberg, Michaela Cronemyrand Karolina Cohrs (M&A), partner Louise Brorson Salomon together with associate Lionardo Ojeda (financing).
Vinge advises TCA Global Credit Master Fund in connection with the acquisition of Frykenmontage
Vinge’s team primarily consists of partner Louise Brorsson Salomon together with associate Karl Klackenberg.
Vinge advises Hellman & Friedman in connection with the acquisition of Nets A/S and its Swedish subsidiary DIBS Payment Services AB
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.
Vinge has advised Pandox in connection with acquisition and directed share issue
Vinge has further advised Pandox in connection with the directed share issue of 10,000,000 class B shares that Pandox announced on 15 December 2017. The subscription price was set to SEK 148 per share, whereby Pandox obtained in total SEK 1,480 million, through an accelerated book-building process. The share issue was directed to Swedish and international institutional investors and the purpose of the share issue was to, in a timely and cost efficient manner, enable a capital raising to finance acquisitions and thereby increase the company’s financial flexibility and mandate for continued value creation.
Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. The company’s shares are admitted to trading on Nasdaq Stockholm, Large Cap.
Vinge’s team primarily consisted of Jesper Schönbeck, Sofie Bjärtun and Nils Fredrik Dehlin with regard to the directed share issue and other capital markets related questions, and Louise Brorsson Salomon, Helena Håkansson, André Isacson, Lionardo Ojeda and Pauline Lagerstrand, with regard to financing related questions.
Vinge advises Tele2 in the merger with Com Hem
The combined company will be a leading integrated connectivity provider by combining an award-winning mobile network with the fastest national fixed network and the widest range of content in the market. The combination is conditional upon, inter alia, approval from the relevant competition authorities and approval of the merger from the shareholders in Tele2 and Com Hem. The merger is currently expected to be completed in the second half of 2018.
Vinge’s team primarily consists of Charlotte Levin, Erik Sjöman, David Andersson, Joakim Hagberg, Amanda Knutsson and Annika Nyberg Ekenberg (capital markets), Marcus Glader, Johan Karlsson, Emma Johansson, Grant McKelvey and Sebastian Örndahl (competition and regulatory), Louise Brorsson Salomon, Helena Håkansson and Lionardo Ojeda (financing) as well as Fredrik Dahl and Fredrik Gustafsson (employment).
Vinge has advised Dometic Group AB (publ) in connection with the financing of its acquistion of SeaStar Solutions
The purchase price amounted to USD 875 million and was fully financed via cash and bank facilities.
Vinge’s team consisted of Louise Brorsson Salomon, Linn Adelwald and Josefine Lanker.
Vinge has advised Pareto Securities AB and Swedbank AB (publ) in connection with a bond issue with a framework amount of up to MSEK 700
Pareto Securities AB and Swedbank AB (publ) have acted as arrangers and Swedbank AB (publ) also acted as issuing agent. The bonds have a tenor of three and a half years and a floating interest rate of three-months STIBOR plus a margin of 7.00 per cent.
The proceeds from the bond issue will be applied towards financing property acquisitions and other general corporate purposes. Offentliga Hus intends to apply for the bonds to be listed on Nasdaq Stockholm.
Vinges team consisted inter alia of Louise Brorsson Salomon, Lionardo Ojeda and Sara Osman.
Vinge advises Bain Capital in conjunction with acquisition of Diversey Care
Diversey is a leading supplier of, among other things, hygiene solutions for infection protection, kitchen hygiene and office cleaning.
Vinge’s team consisted of partners Christina Kokko (M&A), Fredrik Dahl (employment law), Louise Brorsson Salomon (banking & finance) and Albert Wållgren (banking & finance) as well as associates Alex Miler, Sara Strandberg, Louise Markgren, Josefine Lanker and Ludvig Wettergren.
Vinge has represented Svenska Handelsbanken
In connection with the spin-off, the remaining B&B TOOLS operating segment took back its previous name Bergman & Beving.
Vinge’s team consisted of principally Louise Brorsson Salomon and Linn Adelwald.
Vinge has advised Rottneros
The bonds have a term of five years and floating interest of STIBOR 3M + 4.15 per cent. Swedbank has acted as financial adviser and sole bookrunner in connection with the bond issue.
The proceeds from the initial bond issue will be used as part of completing the financing of the strategic plan Agenda 500 and for achieving long-term efficiency of the Group's capital structure. The bonds are, in accordance with their terms and conditions, intended to be admitted to trading on the corporate bond list of Nasdaq Stockholm.
Vinge’s team consisted of Louise Salomon together with André Isacson and Lionardo Ojeda.
Vinge has advised Stendörren in connection with a bond issue of up to SEK 1,000 million
The bonds have a tenor of three years and a floating interest rate of three-months Stibor plus 4 per cent. ABG Sundal Collier AB and Swedbank have acted as financial advisors to Stendörren. Swedbank also acted as Issuing Agent.
The proceeds from the initial bond issue will primarily be used for refinancing of Stendörren’s outstanding SEK 750 million bonds, which will be made through a repurchase offer. The proceeds from the bond issue will also be used for acquisitions, investments and general corporate purposes.
In accordance with the terms and conditions, the bonds are intended to be listed and admitted to trading on the corporate bond list at Nasdaq Stockholm shortly. As a result, the Company has prepared a prospectus which today has been approved by and registered with the Swedish Financial Supervisory Authority.
Vinges team consisted of Louise Brorsson Salomon, David Andersson, Sabina Börjesson, Josefine Larsson, André Isacson, Lionardo Ojeda and William Kåge
Vinge has advised Sparbanken Skåne
The programme enables Sparbanken Skåne to continuously issue notes in SEK within a maximum outstanding nominal amount of SEK 30 billion at each time. The borrowing through covered bonds will enable Sparbanken Skåne to increase its presence on the capital market and to diversify its borrowing.
Vinge’s team consisted of partner Louise Brorsson Salomon together with amongst others Josefine Larsson, André Isacson, Lionardo Ojeda and Sara Osman.
Vinge advised Nalka Strukturfond AB in connection with the acquisition of Cibes
Cibes is a leading manufacturer of platform lifts with its base in Gävle and with global operations. The transaction is conditional upon approval by the relevant competition authorities.
Vinge’s team consisted of responsible partner Jonas Johansson and partner Peter Sundgren together with, among others, associates Johan Mattsson, Peter Issa, Andrea Ahlgren, Lova Unge, Jasmin Draszka Ali, Frida Ställborn, Ilze Lukins, Lionardo Ojeda, Fredrika Hjelmberg, Martin Boström, Grant McKelvey and Xandra Ståhlberg as well as senior counsel Qun Gu and VDR specialist Anna Hellohf. Partner Louise Brorsson Salomon together with associate Helena Håkansson provided acquisition financing advice.
Vinge advises Boozt AB (publ) in connection with its listing on Nasdaq Stockholm
The prospectus was published on 17 May 2017 and the first day of trading on Nasdaq Stockholm was 31 May 2017. The price in the offering was SEK 62 per share, corresponding to a market value of Boozt of approximately SEK 3,493 million. The offering comprised 26,015,604 shares, of which 6,451,000 shares were newly issued shares and 19,564,604 were existing shares offered by Sunstone Technology Ventures Fund II K/S, Verdane Capital VII K/S, ECCO Holding A/S, Sampension KP Livsforsikring A/S and the board member Kent Stevens Larsen. The total value of the offering amounted to approximately SEK 1,854 million assuming that the over-allotment option is fully exercised.
Boozt is a leading, fast-growing and profitable Nordic technology company selling fashion online. The Company offers its customers a curated and contemporary selection of fashion brands, relevant to a variety of lifestyles, mainly through its multi-brand webstore Boozt.com. The Company’s webstores attract more than five million sessions per month as a result of a convenient shopping experience with high service levels (including consistent user experiences across both mobile devices and desktop), quick deliveries and easy returns. Boozt targets Nordic fashion followers, primarily consumers aged 25-54 that value convenience in their customer experience and which tend to generate a high average order value.
Vinge’s team primarily consisted of Jesper Schönbeck, David Andersson, Amanda Knutsson, Filip Brosset, Sara Osman and Josephine Andersson. Joacim Rydergård, Johanna Wiberg and Karl Klackenberg advised on due diligence. Louise Brorsson Salomon and Adam Sandberg advised on financing issues.
Vinge advises Actic Group AB (publ) in connection with its listing on Nasdaq Stockholm
The offer price was SEK 50.50 per share, corresponding to a market value for Actic of approximately SEK 800 million. The offer related to 8 613 860 shares, of which 5 346 534 were newly issued shares and 3 267 326 were existing shares which were offered by the selling shareholder Actic International S.à r.l., which is owned by IK 2007 Fund. The total value of the offer amounted to approximately SEK 500 million on the assumption that the oversubscription option is exercised in full.
Actic is a North European operator of health care facilities focusing on Sweden, Norway and Germany, and with a presence in Finland and Austria. As per 31 December 2016, Actic had approximately 211 000 members divided into 166 facilities in five countries with approximately 700 employees. During 2016, Actic’s total revenues amounted to approximately SEK 800 million. The company was formed in 1981 and its head office is situated in Solna.
Vinge’s team primarily consisted of Jonas Bergström, Jesper Schönbeck, David Andersson, Joel Wahlberg, Annika Nyberg Ekenberg and Christian Brelin. Linda Sengul, Johanna Wiberg and Marith Welin Berger provided advice regarding due diligence. Louise Brorsson Salomon, Helena Håkansson and Adam Sandberg provided advice relating to financing issues.
Litorina invests in Fractal Design
The company has a turnover of approximately SEK 250 million and sells approximately 400 000 chassis per year. The company’s founder and CEO as well as other key persons will continue as significant owners of the company.
Vinge’s team consisted of partner Johan Winnerblad together with, among others, associates Filip Öhrner, Christian Brelin and Manne Bergström. Partner Louise Brorsson Salomon and associates Adam Sandberg and Josefine Lanker advised on financing issues.
Vinge advised Madison Dearborn Partners in connection with its recommended cash offer for Powerflute Oyj.
Vinge’s team included Jonas Bergström and Matthias Pannier. Louise Brorsson Salomon and Anna-Maria Terzi advised on the financing of the transaction.
Vinge advises Platzer Fastigheter in conjunction with the acquisition of AB Volvos real estate portfolio in Gothenburg
The underlying real estate value amounts to approximately SEK 2.8 billion. The acquired portfolio consists of 338,000 square meters of rentable area as well as land located in Arendal, Torslanda and Säve. The ground area amounts to approximately 3.6 million square meters. The preliminary closing date is 15 December 2016. In order to finance part of the acquisition, Platzer intends to carry out a rights issue of approximately SEK 700 million. In connection with the acquisition, Platzer also intends to utilize bank financing of up to approximately SEK 1.7 billion. Vinge has advised Platzer in all parts of the transaction.
Vinge’s team consisted of partners Olof Jisland, Assur Badur, Charlotte Levin, Louise Brorsson Salomon, counsel Johan Cederblad, partner Robert Deli, associates Christian Lindhé, Anna-Maria Terzi, Anna Lonergan, Ludvig Frithiof, Kristoffer Larsson, Marith Welin-Berger, Emelie Parland and Frida Ställborn.
Vinge advises Internationella Engelska Skolan in connection with listing on Nasdaq Stockholm
The prospectus was published on 19 September 2016 and the first day of trading on Nasdaq was 29 September 2016. The offer price was SEK 52 per share, which corresponded to a market value for the total number of shares in the company of MSEK 2 083. The total value of the offering amounted to MSEK 599 provided an overallotment option was exercised in its entirety. No shares or other securities were issued by IES in connection with the offering.
IES is one of the leading independent actors within education in Sweden with approximately 21 400 pupils distributed among 30 schools as of the start of school for the academic year 2016/2017 and with pupils from 50 per cent of the country’s municipalities. IES conducts school operations from grade 1 of the nine-year compulsory school up to and including grade 3 at upper secondary school. The main part of the operations is conducted for students in grades 4 to 9, which is designated internationally as middle school. Within the nine-year compulsory school segment, IES is the leading education provider in terms of the number of pupils and runs 9 of the 10 largest independent schools in Sweden.
Vinge’s team primarily consisted of partner Jesper Schönbeck together with associates Jo-Anna Nordström, Nils Fredrik Dehlin, André Isacson and Ludvig Belke. Partner Louise Brorson Salomonson and associate Helena Håkansson advised on financing issues and associate Henrik Wastersson advised on tax issues.
Vinge advises EQT Opportunity and Fouriertransform AB and other sellers in connection with the sale of TitanX Engine Cooling (“TitanX”) to Tata AutoComp Systems Ltd (“Tata”), one of India’s leading auto-component conglomerates. TitanX is a global supplier of powertrain cooling solutions for commercial vehicles and the company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Daimler and Iveco. TitanX has a yearly turnover of SEK 1.6 billion and manufacturers in Sweden, USA, Mexico, Brazil and China.
Subject to customary regulatory approvals, the transaction is expected to be completed during the fall of 2016.
Vinge’s team has primarily consisted of Christina Kokko, Sofie Bjärtun and Samra Baytar (M&A), Fredrik Gustafsson and Karin Isacsson (employment), Thomas Sjöberg and Matilda Gustafsson (environmental), Louise Brorsson and Helena Håkansson (finance) and Pernilla Warg (projectassistant).
IK Small Cap I Fund acquires OS Group AB
OpenSolution’s head office is situated in Gothenburg and the company provides turnkey solutions for cash and payment systems. The transaction is subject to customary conditions precedent.
Vinge’s team consisted of, among others, partner Jonas Bergström together with associates Linda Sengul, Louise Nordkvist and Marith Welin Berger (M&A), partner Louise Brorson Salomon together with associates Helena Håkansson and Adam Sandberg (financing) as well as Nicklas Thorgerzon, Tomas Forsgren and Manne Bergström (IT and IP).
Vinge advises Intrum Justitia AB
The bonds are senior, issued without security and the term thereof is seven years, with maturity in June 2023. The bonds are subject to a variable interest rate of EURIBOR 3 months plus a market interest margin.
Vinge’s team consisted of partners Mikael Ståhl and Louise Brorsson Salomon and associates Helena Håkansson and Josefine Larsson.
SEM is one of the world’s leading producers of electronic ignition systems and control systems for combustion engines, including heavy- and medium-duty vehicle engines, natural gas engines and small engines.
Vinge's team consisted of Ulrich Ziche, Matthias Pannier, Andrea Ahlgren, Karl Klackenberg, Samra Baytar (all M&A), Åsa Gotthardsson (Employment), Linn Gustavsson (Compliance), Adam Weissbach (IP), Matilda Gustafsson (Real Property), Louise Brorsson Salomon and Ludvig Wettergren (Bank&Finance).
Mylan N.V. has announced a recommended public offer to the shareholders of Meda AB (publ) to tender all their shares in Meda to Mylan. The total offer consideration consists of a combination of cash and Mylan ordinary shares. At announcement, the total value of the offer for all Meda shares, including Meda net debt, is approximately SEK 83.6 billion or USD 9.9 billion.
In connection with the offer, Mylan has retained Vinge as legal advisor in Sweden. The Vinge team is led by public M&A partners Erik Sjöman and Charlotte Levin and also includes Rikard Lindahl, Anna Edström and Malte Hedlund (on M&A matters), Mikael Ståhl, Louise Brorsson Salomon and Albert Wållgren (on finance matters), Fredrik Gustafsson (on compensation and benefits matters) and Maria Schultzberg (on tax matters).
Vinge is advising Nytida in connection with merger with the Solhaga Group
Nytida intends to merge with the Solhaga Group. Nytida and the Solhaga Group possess considerable experience and expertise within the fields of functional impairment and the Solhaga Group specializes in the fields of neuropsychiatric and psychiatric impairment and reduced development. Both Nytida and the Solhaga Group conduct operations throughout a large part of Sweden and provide accommodation, schooling, short-term accommodation and daytime activities. The Solhaga Group also conducts operations in Norway.
Closing of the transaction is subject to the customary approval of the relevant competition authority.
Vinge’s team consisted of, among others, partners Christina Kokko, Jonas Johansson, Louise Brorson Salomon and Marcus Glader together with associates Linda Sengul, Maria Dahlin, Albert Wållgren, Anna-Maria Terzi, Emil Fahlén Godö and Anne Wijkman.
Vinge advises Litorina in connection with acquisition of Fresks
The Oscarson family and the company’s former CEO will retain a significant shareholding together with Litorina and other key personnel within the company’s management.
Vinge’s team consisted of partners Johan Winnerblad and Louise Brorsson Salomon together with, among others, associates Charlotta Järnstedt, Helena Håkansson, Emil Fahlén Godö, Jasmin Draszka-Ali and Anne Wijkman.
Vinge advises Dometic Group AB (publ) in relation to its listing on Nasdaq Stockholm. A prospectus was published on 11 November 2015 and the first day of trading on Nasdaq Stockholm was 25 November 2015. The price in the offering was set at SEK 48 per share, corresponding to a market capitalisation of SEK 14,200 million for Dometic. The total value of the offering amounts to SEK 5,396 million, assuming that the over-allotment option is exercised in full.
Dometic provides branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. The Company manufactures and sells a broad range of products within these areas for use in recreational vehicles (such as motorhomes and caravans or towables), trucks and premium cars, pleasure and work boats, and for a variety of other uses. Products include air conditioners, furnaces, awnings, vents and windows & doors within Climate; water heaters and toilets within Hygiene & Sanitation; and refrigerators, cooking equipment, ovens and mobile coolers within Food & Beverage.
Vinge’s team primarily consisted of Jesper Schönbeck, Christina Kokko, Jo-Anna Nordström, David Andersson, Joakim Hagberg, Sabina Börjesson, Linda Sengul, Gustav Tengblad and Amanda Knutsson. Louise Brorsson Salomon and Adam Sandberg assisted in financing related matters, and Mattias Schömer, Tora Hansjons and Henrik Wastensson assisted in tax related matters.
Svenska Handelsbanken AB (publ) has financed Byggmax Group AB in connection with the acquisition of Skånska Byggvaror. Vinge advised Svenska Handelsbanken AB (publ).
Vinge’s team consisted of partner Louise Brorsson Salomon and associate Adam Sandberg.
Bravida Holding AB (publ) has on 16 October 2015 been admitted to trading on Nasdaq Stockholm. The price in the offering was set at SEK 40 per share, corresponding to a market value of all shares issued by Bravida of SEK 8.1 billion. The offer, which consisted of an offer to the general public in Sweden and an international offer to institutional investors, comprised in total 40.5 percent of the Bravida shares offered by Bravissima Holding AB, Bravida´s principal owner, which is indirectly controlled by certain investment funds advised by Bain Capital, LLC and affiliated parties. The total value of the offering amounts to SEK 3.2 billion, assuming that the over-allotment option is exercised in full.
Bravida is a leading provider of multi-technical services within electricity, heating and plumbing as well as ventilation and air conditioning in the Nordic region. With 237 branches across 140 locations, Bravida offers installation and services solutions throughout the Nordic region with strong local presence. For the year ended 31 December 2014, Bravida recorded net sales of SEK 12 billion.
Bravida and Bravissima Holding AB were advised by Vinge in connection with the listing and Vinge’s team mainly consisted of Charlotte Levin, Christina Kokko, Louise Brorsson Salomon, Nicolina Kindblom, Rikard Lindahl, Nils Fredrik Dehlin, Emelie Klefbeck, Filip Öhrner, Linn Adelwald and Samra Baytar. Further, Odile Fallenius, Maria Schultzberg and Tora Hansjons have assisted with tax related matters.
Vinge and Latham & Watkins LLP have advised Hellman & Friedman in connection with the acquisition of Bain Capital’s stake in Securitas Direct Verisure Group. Verisure Securitas Direct is a leading supplier of professionally monitored home alarms, fire alarms and connected services for homes and businesses. The company’s 1.8 million customers are spread over 13 countries in Europe and South America. The transaction is subject to customary regulatory conditions and approvals.
Vinge’s team consisted of partner Jonas Bergström together with, among others, associates Linda Sengul and Carl Sander. Partner Louise Brorsson Salomon and associates Anders Morén and Linn Adelwald provided financing advice in relation to the transaction.
Vinge and the Finnish law firm Borenius have advised Func Food Group Oy, a portfolio company of the Finnish equity fund Sentica Partners, in connection with the acquisition of People’s Choice AB. People’s Choice markets and distributes Celsius functional beverages as well as the lifestyle clothing brand Freddy in Sweden. As a result of the acquisition, Func Food has thereby increased its current product range, which is currently focused on sports nutrition and super food, to include functional beverages and lifestyle clothing. The acquisition is partly financed through the issuance of a corporate bond.
Vinge’s team consisted of partner Jonas Bergström together with, among others, associates Nicolina Kindblom, Carl Sander and Isabell Nielsen. Partner Louise Brorsson Salomon and associate Helena Håkansson provided acquisition financing advice.
Vinge has advised Bellbox in conjunction with the merger with Lyko. The merger has created a Nordic region leader within professional haircare and beauty products. The combined group is expected to have a turnover of approximately SEK 500 million and the merger has created a multi-channel retailer with Bellbox’s store network, which consists of 30 wholly owned stores in Sweden and Norway, and Lyko.se, a destination for beauty products online.
Vinge’s team consisted of responsible partner Jonas Bergström together with, among others, associates Alex Miler and Maria Dahlin. Louise Brorson Salomon provided financing advice.
Vinge assists AB Fortum Värme Holding samägt med Stockholms stad (publ) (”Fortum Värme”) in connection with the establishment of its MTN programme. On 9 September 2014, Fortum Värme issued notes in a total amount of 2,5 billion SEK under the MTN progamme.
Vinge’s team consisted of Mikael Ståhl (partner in charge) and associates Louise Brorsson Salomon and Viveka Linander.
Vinge assists a group of Swedish investors through AdvInvest AB in connection with its acquisition financing and acquisition through AdvInvest of a majority stake in Advania. Advania is a Nordic IT company with approx. 1,100 employees in 17 offices in Iceland, Sweden and Norway. Beringer Finance assisted AdvInvest as corporate finance advisor.
Vinge’s team consisted of among others responsible partner Henrik Wenckert (M&A) and project manager Peter Sundgren (M&A) as well as associates Louise Brorsson Salomon (Banking & Finance), Oscar Rydén (Banking & Finance), Albert Wållgren (Banking & Finance), Filip Brosset (M&A), Johan Wahlbom (EU & Competition), Evelina Tejle (Employment & Benefits), Nicklas Thorgerzon (Technology & Outsourcing), Rebecka Weitzberg (Intellectual Property) and Daniel Unger (Real Estate).
Vinge has advised Tobii Technology in connection with its acquisition of the US company, Dynavox Systems LLC. Tobii Technology is the global leader within eye tracking. DynaVox is the leading provider of augmentative and alternative communication products and speech generating devices for people with cognitive communication difficulties, e.g. autism, aphasia and who suffer from other communication challenges.
Vinge’s team consisted of responsible partner Johan Winnerblad together with, among others, associate Matthias Pannier. Associate Louise Brorsson Salomon provided acquisition financing advice.
Vinge has advised the investment company, Alipes Invest AB in connection with the acquisition of Hööks. Hööks is the Nordic region’s largest stores and distance sales chain for horse and dog enthusiasts.
Vinge’s team consisted of partner Johan Winnerblad together with associates Johan Mattsson and Filip Öhrner. Louise Brorsson Salomon advised on acquisition financing issues and Helena Höök advised on competition law issues.
Vinge has advised Lantmännen co-operative association in connection with the sale of Kronfågel to a newly-formed company which will become the Nordic region’s leading poultry producer and in which Lantmännen will remain a stakeholder with 48% of the voting capital.
The new group, which will be jointly owned together with the British private equity company, CapVest, will consist of Kronfågel, Swehatch and Skånefågel in Sweden, Danpo in Denmark and Cardinal Foods in Norway and will have an annual turnover of approximately SEK 5.4 billion. The transaction is subject to approval by the relevant competition authorities in Denmark, Norway and Sweden.
Vinge’s team consisted of responsible partner Christina Kokko together with associates Paul Dali, Johan Mattsson, Mia Örnfeldt, Gustav Jönsson and Filip Öhrner as well as Fredrik Gustafsson (employment and pensions), Karin Isacson (employment and pensions), Johan Cederblad (environmental and permit issues). Partner Mikael Ståhl and associates Louise Brorsson Salomon, Sofia Graflund and Albert Wållgren advised on external financing issues relating to the new group.
Vinge has advised the Norwegian private equity firm Norvestor in connection with its investment in the steel door division of the Robust Group. Following the transaction, Norvestor is the new majority shareholder in the company. Robust specialises in the production and sale of steel doors, including security doors and fire doors and has production facilities in Sweden and England. The company’s turnover is approximately MSEK 165. The investment will support Robust ’s planned expansion in the Nordic region.
Vinge’s team consisted of responsible partner Daniel Rosvall together with associates Rime Dreber, Jonatan Lund Kirkhoff and Oscar Rydén as well as Johan Cederblad (environmental), Louise Brorsson Salomon and Andreas Malmberg (banking and finance), Åsa Gotthardsson (employment) and Daniel Järmén (IP).
Vinge has advised Carnegie Investment Bank and DnB Markets in connection with Svensk Fastighetsfinansiering AB (publ)’s issue of bonds to a value of SEK 1,250,000,000. The issue is one of the largest bond issue’s ever on the Swedish real estate market.
Vinge’s team consisted of responsible partner Mikael Ståhl and associates Louise Brorsson Salomon, Alexandra Wenckert and Martin Folke.