Cederquist
Swedish business law firm Cederquist
was established in 1953. The firm serves clients out of its Stockholm office.
Focusses / specialisms
The firm is known for its work across the financial and corporate space with a particular strength in banking and finance.
The firm’s banking team is focused on core matters including acquisition finance, leveraged finance and real estate. In that area it represents lenders and borrowers on cross-border, high-cap deals across a variety of sectors.
In the capital markets area, the firm performs strongly across both debt and equity issues. Its bond work often includes advising on high-yield offerings, while in the equity space, the firm primarily works for issuers but has increased its footprint as an underwriter's counsel.
Private equity work forms a large part of the firm’s M&A work, where it regularly represents the likes of Nordic Capital and Bridgepoint on their cross-border acquisitions.
Within the restructuring space the firm is frequently involved in distressed transactions and recovery work for a wide network of corporate and financial clients.
Key clients
Key clients include SEB, Nordea, Danske Bank, DNB Bank, Deutsche Bank, Barclays Bank, BNP, Kinnevik, Nordnet, BillerudKorsnäs, Skandinaviska Enskilda Banken, Bonava, NCC, Investment AB Kinnevik, BillerudKorsnäs, Nordic Capital and Bridgepoint.
Research period review: 33rd edition (2023/2024)
In banking the firm has continued to focus on lender work and has received several important mandates from companies in the financial services, investment management and real estate sectors.
In debt capital markets the firm has advised and worked for companies in tourism, financial services and real estate.
The firm has also been active in equity capital markets, where it has focused on industries such as investment management, financial services and technology and telecommunications.
In terms of M&A work, the firm has been advising clients in industries such as logistics, consumer goods and tourism.
The firms’ restructuring and insolvency practice has focused mainly on the financial services industry.
Deal highlights: 33rd edition (2023/2024)
Midstar Hotels SEK 500 million senior bonds issuance
Millicom International Cellular SEK 7.5 billion rights offering
Modern Times Group SEK 1.5bn acquisition of 21% of the shares in MTG Gaming
Client feedback: 33rd edition (2023/2024)
Bank lending
"Great market knowledge and swift."
Capital markets
"Responsive, knowledgeable and skilled."
"We are so happy with the work carried out by Fredrik Lundén and Elin Ljungström within Cederquist´s capital markets group. Their expertise is invaluable and they are extremely service minded and always available when needed."
"Quick, diligent, excellent in all regards."
"Very professional and good to work with."
"Efficient, commercially minded and fantastic availability. Great market knowledge and always up to date when it comes to regulatory news."
M&A
"Professionalism pragmatism easy to work with."
"Extremely knowledgeable, experienced and great to work with."
"Very committed team who is well plugged in to our house practice, policies and positions. They cater for a very seamless process."
"The have a very good knowledge about our company and our business and can provide tailored and useful advice. They pay high attention to our needs and have a high level of service."
"Cederquist is professional and responsive. They provided us high-quality legal support and valuable insight on the local market conditions in Sweden."
Carl-Johan Deuschl
"Carl-Johan is pleasant to work with and very knowledgeable about the local market practice in Sweden. He provides high quality legal advice."
Jonas Forsén
"Professional Easy to work with Pragmatic"
Per Henriksson
"Great market knowledge, responsive and a pleasure to work with in all respects."
"Very competent and oriented to solve the issues."
Fredrik Lundén
"His expertise within the area is invaluable. He is also so service-minded and always available when needed. We are so happy with the work carried out by Fredrik and we trust his advice completely."
"Super sharp, outstanding responsiveness and availability, business oriented and a nice person"
Wilhelm Luning
"Extremely knowledgeable, experienced and great to work with."
"Takes significant responsibility for our needs, very knowledgeable in his field and knows our business well."
Tone Myhre Jensen
"Knowledgeable, responsive and not afraid of standing her ground in some very time intense and demanding situations."
Pontus Röckert
"Always available and committed, hard-working and drives things forward."
Henrik Wållgren
"Makes things look easy, responsive, diligent."
Cirio
Swedish business law firm Cirio
was launched in January 2019 and is a spin-off from Lindahl’s Stockholm office.
Focusses / specialisms
The firm’s banking team has superlative experience within the real estate, project and acquisition financing fields. The firm is often active within the renewable energy and real estate sectors, acting for both borrowers and lenders.
The firm has a growing presence in capital markets, particularly equity, where it often acts on transactions with components in other Nordic countries and elsewhere around the world.
The M&A team regularly acts for both buyers and sellers across sectors such as life sciences, telecommunications, technology and real estate. The firm does work for international and domestic private equity clients on a consistent basis.
In the project development space, the firm is particularly strong within energy, and especially wind power where it is one of the leaders in Sweden.
Working alongside the banking team the firm’s restructuring and insolvency team covers mandates ranging from financial workouts and refinancing of distressed debts to bankruptcies.
Key clients
Among its clients are The Swedish National Debt Office, Nex Abide Trade Repository, Auto1 Group, ICA Gruppen, AB Sagax, Carnegie Investment Bank, ABG Sundal Collier, Karolinska Development, SaveLend Group, Torslanda Property Investment, Scandinavian Real Heart, Green Landscaping Group, Pareto Securities, SoftBank Vision Fund II, Kindred Group, Vestum, ICA Gruppen, Downing Renewables and Infrastructure Trust, Enercon, SEB Private Equity, Telia Company, Scandinavian Biogas Fuels International and Nalka Invest.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law and project development.
In banking and finance team at Cirio has advised both lenders and borrowers on deals in industries such as energy, consumer goods and services, and real estate.
In the capital markets sphere, the firm has been active on the equity side advising issuers mostly on public offerings rights issuances.
In project development it has attracted clients from various industries, most notably in the energy and utilities sectors.
In terms of restructuring and insolvency work the firm advised clients in industries, such as retail, food and beverages, and manufacturing.
Deal highlights: 33rd edition (2023/2024)
Karolinska Development $51 million rights issue
Markbygden 4,000 MW windfarm
Client feedback: 33rd edition (2023/2024)
Capital markets
"Extremely experienced in capital markets regulations and always swift answers."
"Well aware of the business, knowledge about the deal and came with valuable input regarding the structure."
Financial services regulatory
"Good market knowledge, good understanding about our business, very responsive."
Insolvency
"Very much on the point, proactive."
"Extensive experience in insolvency and reconstruction matters."
"Skilled, communicative, service-minded."
"Administrator with a pragmatic approach, which creates values for all creditors involved."
"They have an excellent team, are fast to respond, give good legal advice with the relevant business approach in mind and at a reasonable cost level all taken into account"
M&A
"Professional, fast, reliable and engaged."
Project development
"The are very knowledgeable and proactive in the way of supporting."
Annika Andersson
"Always available and extremely competent within the field of capital markets."
Lars-Henrik Andersson
"Very responsive, innovative, great personality to work with."
"Extensive experience in insolvency and restructuring matters."
"Always available and interested in solving problems."
"He is a very competent, experienced and pleasant person to work with. He is business-orientated and practical when solving complex legal issues."
Karl Björlin
"Very skilled, easygoing, theoretically skilled."
Per Hedman
"Positive, professional and engaged."
Daniel Lander
"Very responsive, pragmatic, hands-on, solution-orientated and customer-focused."
Jörgen Möller
"Extremely knowledgeable in both the business and the legal aspects."
Delphi
The Swedish law firm Delphi
has offices in Stockholm, Linköping and Norrköping.
Focusses / specialisms
The firm is active in several financial and corporate areas such as banking, capital markets, M&A and restructuring and insolvency.
The banking practice advises financial sector and corporate clients on variety of financing transactions. The firm has a particular focus on acquisition and real estate finance, as well as bilateral and syndicated loans.
The firm is active in equity capital markets where it advises both sponsors and large institutional investors. The firm has a strong position in the small and mid-cap segment and increasingly advises on large, cross-border matters.
In M&A the firm often advises clients on cross-border acquisitions, private equity buy-outs, venture capital and public to private transactions.
In restructuring and insolvency work besides working on bankruptcy matters and company reorganisations, the firm routinely assists stakeholders, boards, business executives and lenders on preventive advice in financial crisis situations.
Key clients
Among its clients are Shawbrook Bank Limited, Cennox Group, JPMorgan Chase Bank, Apica, AddLife, CGE Partners, Axcel Management, Xeris Pharmaceuticals, Cedergrenska, Olink Holding, Pagero Group, Desenio Group, Speqta, Veolia Nordic, Nordic Rescue Group, Nibe Industrier and AP4.
Research period review: 33rd edition (2023/2024)
During the research period the team at Delphi focused on practice areas such as banking and finance, capital markets, and corporate and M&A.
In terms of banking and finance work the firm advised clients from the healthcare sector, the financial service sector as well as some companies in the consumer goods and services sector.
The firm advised mainly on direct financing, acquisition financing and refinancing.
This research period saw Delphi focus on the equity side of capital markets and in this field the firm has advised clients from industries such as manufacturing, pharmaceuticals and life sciences, and technology and telecomunications.
In corporate and M&A it advised mostly sellers and acquirers as well as targets on acquisitions in a broad range of industries, including healthcare, technology and telecommunications, industrial and manufacturing and energy.
Deal highlights: 33rd edition (2023/2024)
I.M. Facilities £30 million refinancing
Paxman SEK 77 million directed share issue
Evolution €340 million acqiosition of Nolimit City
Client feedback: 33rd edition (2023/2024)
Banking and finance
"Delphi has been very responsive, focused and business-minded."
"Professional, available and business oriented."
"Delphi was very responsive and effective, their advice was precice."
M&A
"Precision, focused on moving a deal forward and project management. Adaptability to file requirements."
"Professional and competent"
"They are great in delivering on-the-point feedback. Short response times. Definitely a go-to-law firm in this field."
"Very knowledgeable team with in depth attention to related questions. Both with regards to the process and the selling company’s details."
Rickard Isacson
"Seriousness. Ability to be both aggressive in negotiations and adaptable when required."
Michael Juhlin
"Availability, professional, good communicator."
"With his seniority, Michael is very dedicated to the process the whole way. Very into details which is a great advantages when negotiating with the other parties legal advisers."
Christoffer Malmström
"He is a great communicator, always ready with pragmatic solutions, can simplify things within minutes, always stays calm, always reachable."
Berndt Pettersson
"Nice to work with and have a deep understanding of financing agreements."
"Berndt is very knowledgeable and business-minded. Very responsive and available."
"He responds quickly and his advice is accurate."
Gernandt & Danielsson
The Swedish domestic law firm Gernandt & Danielsson was founded in 1992. It is based in Stockholm.
Focusses / specialisms
In banking and finance the firm’s main flow of work is through acquisition financings, syndicated loans and re-financings, where it often takes on borrow-side mandates.
Within the capital markets area the firm represents both issuers and underwriters on a mix of IPOs, bond and note issues, issuances of complex preference shares and other forms of capital raisings.
The M&A team acts on high-cap acquisitions, mergers and joint ventures across a range of sectors including technology and entertainment, financial services and renewable energy, as well as increasingly gaming and e-sports.
Working in tandem with the banking practice, the firm’s restructuring and insolvency practitioners regularly work on high-end and complex moratorium and refinancing negotiations, clawback issues, enforcing security and distressed sales and directors’/ auditors’ liability.
Key clients
Among its clients are ICA-handlarnas Förbund, Adelis Equity Partners, DLG, Antiloop, Nordstjernan Kredit, Nynas, Fasadgruppen Group, Heimstaden, Storskogen Group, Fastpartner, Humble Group, Carnegie Investment Bank, Goldman Sachs International, Citigroup Global Markets Europe, Sinch, Svea Ekonomi, Sambla, Nordstjernan and SIBA Invest Aktiebolag.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law.
In banking and finance it advised mostly borrowers on direct finance, including various types of credit facilities. It also notably advised clients from sectors such as retail, real estate, food and beverages and energy.
In capital markets the firm has advised the issuer on bond issues, as well as share issues and IPOs.
In terms of M&A work it advised companies from several industries, including energy, technology and telecommunications as well as food and beverages.
Deal highlights: 33rd edition (2023/2024)
ICA Gruppen SEK3.5 billion bond issue
Arwidsro Fastighets $28.8 million
senior unsecured green bonds issue
Fingerprints SEK305 million rights issue
Ratos SEK 1+ billion acquisition of NVBS
Hammarskiöld
Founded in 1997 Hammarskiöld
is a law firm based in Sweden. The firm has an office in Stockholm.
Focusses / specialisms
The banking team works on a wide mix of lending work and regularly advises within the fintech space. The firm often also works alongside public authorities such as the Swedish Financial Supervisory Authority and the Swedish Pensions Agency on mandates.
In the capital markets space, the firm is particularly active in the IPO area, where it often acts for underwriters.
The firm is often active in the M&A space on some of the market’s most valuable public and private deals, as well as smaller private acquisitions.
Key clients
Among its clients are Vacse, Hypoteket Bolån, Axa Real Estate Investment, Vestum, Pegujo, Skandinaviska Enskilda Banken, Danske Bank, Devyser Diagnostics, Trill Impact, Scania CV, QNTM Group, Deka and Svensk Exportkredit, KfW, Carneo and Universal Group.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law.
In banking and finance Hammarskiöld advised on notable green renewable energy projects. The firm also focused on real estate finance and green tech projects.
In capital markets it acted for clients on the debt and the equity side. In debt capital markets it assisted on bond issues, including a green MTN-programme. On the equity side it assisted all sides of the table on IPOs.
In M&A Hammarskiöld advised sellers and acquirers on acquisitions in various industries, including gaming, insurance, logistics and manufacturing.
In restructuring and insolvency, the firm advised creditors on debt restructuring.
Deal highlights: 33rd edition (2023/2024)
LL Lucky Games
$1.3 million directed issue of shares
Skarta Group € 210 million acquisition of NYAB Group
Client feedback: 33rd edition (2023/2024)
Capital markets
"Well on top of technical and business related matters. High availability and service minded."
Carl-Johan Pousette
"Extremely experienced, well connected and with superior knowledge. Highly available and service minded."
Hannes Snellman
The Nordic law firm Hannes Snellman has a history going back to 1909. The firm has offices in Helsinki and Stockholm.
Focusses / specialisms
In Sweden the firm commands a strong presence in domestic financial and corporate transactions.
In the banking area the firm often represents Nordic private equity firms on acquisition finance matters. The firm also has a strong real estate finance practice that consistently works for leading European banks and new actors on the loan markets. The team is similarly experienced in regulatory work where it helps clients meet regulatory requirements.
In the capital markets area the firm advises issuers, financial advisers and other markets participants on the full spectrum of equity and debt transactions. The firm has a large and diversified client base and often represents clients on multi-jurisdictional offerings.
The firm’s M&A team regularly completes high-cap, private M&A and public deals for acquirers and sellers, with mandates across several sectors of the Swedish economy.
The restructuring and insolvency practice frequently represents shareholders both in and out of court.
Key clients
Among its clients are P Capital Partners IV, Dustin Group, Church of Sweden's pension foundation, KLAR Partners, NP3 Fastigheter, Mekonomen, Koch Industries, AutoStore Holdings, Vitec Software Group and Gores Guggenheim.
Research period review: 32nd edition (2022/2023)
During the research period the firm was active in all areas of corporate law.
In banking and finance it advised borrowers and lenders on direct financing and refinancing.
In capital markets it advised clients on both debt and equity side. In debt capital markets it advised the issuer on bonds and secured note issues, and on the equity side it assisted all sides of the table on private and public placements of shares as well as on an IPO.
In corporate and M&A it advised sellers and acquirers on acquisitions in various industries, including energy, healthcare and technology.
Recent staffing changes include the recruitments of Joel Montin, counsel in regulatory coming from Nordea Bank, Johanna Wärnberg, a partner in corporate and M&A coming from Hannes Snellman, and the departure of Paula Röttorp, partner in regulatory who moved to Centre for Justice.
Deal highlights: 32nd edition (2022/2023)
Aker BP SEK1 billion acquisition of Lundin Energy
APCOA Parking Holdings €685 million fixed rate senior secured notes issue
Church of Sweden's pension foundation
SEK5.6 billion
Dustin Group SEK5 billion financing
F. Holmström Fastigheter SEK2.9 billion acquisition of Magnolia Bostad
Gores Guggenheim/ Polestar SEK20 billion merger
Mekonomen SEK1.3 billion bond issue
NP3 Fastigheter SEK1 billion senior unsecured sustainable bond issue
Savvy Gaming Group SEK15 billion acquisition of ESL Gaming
Triton Partners SEK20 billion acquisition of Bergman Clinics
Client feedback: 32nd edition (2022/2023)
Banking and finance
"Always available. Always on top in terms of knowledge about the market and the specific topics I have questions about."
"Proactive and fact-based legal support."
"Professional, agile and great market knowledge."
Capital markets : Debt
"Short response time and delivers quality."
Capital markets : Equity
"Provided solid, competent advice in a professional and timely manner and without complicating the process."
M&A
"Good availability; strong commercial sense in determining what is important; flexible."
"Good understanding of our approach to doing transactions."
"Hannes Snellman are knowledgeable, fast working, service minded, available and strategic. "
"High quality, immediate responses; highly professional attitude; solution and customer orientation."
"Knowledgeable, commercial, rapid service."
"They are highly skilled and business oriented."
"Very efficient and focused while being commercial."
"Very quick and reliable service for clients. A proactive approach to everything from the administrative to the strategic aspects of the legal transaction process."
"Very quick and reliable service for clients; and a proactive approach to everything from administrative to strategic aspects of the legal transaction process."
Private equity
"Hannes Snellman have proven themselves to be extremely knowledgeable, responsive and able to focus on issues most material to the client."
"Outstanding subject matter knowledge and customer service; pragmatic problem solvers; listen carefully to the client and tailor legal advice accordingly; flawless deal execution."
Project development : Mining
"Broad and deep skills. Devoted, loyal. Good network. Highly qualified partners and associates."
Ola Åhman
"Great person who, regardless of the problem at hand, always finds a way to handle it in a professional and swift manner."
"Highly reputable with a great legal skill set and a commercial mind."
Mattias Friberg
"Competent, constructive with a deep experience in the capital markets/equity field. Responsive and professional."
"Responsiveness and quality-oriented."
"Highly skilled. Highly customer and solution oriented. Highly responsive."
Claes Kjellberg
"Attentive, well structured and able to handle different type of transactions - from the small to the larger and more complex."
"Attentive, well-structured and able to handle different types of transactions - from the small to the larger and more complex."
"Knowledgeable, commercial, timely delivery."
Mikael Klang
"Very efficient and focused while being commercial."
"Very knowledgeable, great availability and a strong commercial acumen."
Miklos Kovacs Kal
"A very hard-working fast-learner who is detail-oriented and willing to find innovative solutions to issues and problems. Is quick to respond and is clear in his communications. Excellent lawyer. "
"Extremely responsive and knowledgeable. Focuses on the right issues and does not get bogged down 'in the weeds'."
"Responsiveness, subject matter knowledge, attention to detail, problem solving."
Christoffer Saidac
"Always available. Quick response. Good knowledge. Engaged. "
"Extremely hard working with broad skill set and extremely loyal."
Johanna Wärnberg
"Quick and responsive attitude, always with a problem-solving mindset. Very reliable."
Mannheimer Swartling
The large Swedish law firm Mannheimer Swartling
was founded in 1990. The firm has international presence in Stockholm, Gothenburg, Malmö, Brussels, Singapore and New York.
Focusses / specialisms
A powerhouse in the Swedish market, the firm is one of the leaders across the financial and corporate space.
The firm’s banking team has particular strengths in acquisition financing, corporate financing, project financing and refinancing mandates, acting for a mix of borrowers and lenders. The firm also has a credible financial services regulatory offering. It assists clients on the application of the regulatory framework to a variety of transactions and corporate matters and advises on a range of EU and Swedish financial services regulations.
In the capital markets area the firm is among the market’s best firms. On the debt side, the firm often engages on Sweden’s most complex and innovative transactions.
In equity capital markets the firm maintains a high share of the country’s high profile transactions thanks, in part, to strong links with many of the large “blue chip” companies.
The firm has an active investment funds practice which assists on all aspects of the full life cycle of a fund from formation and equity fundraising, co-investments and incentive programmes to going private, acquisitions and exits.
The firm’s strong M&A and transactional private equity practice works for acquirers and sellers on a number of large deals across sectors including industrials, healthcare, and technology.
In the restructuring and insolvency area the firm regularly works for the full spectrum of regional and international clients ranging from lenders and equity investors to companies facing financial difficulties to the Swedish Government and governmental agencies.
The firm’s project development team has consistently been involved in the lion’s share of the largest infrastructure, energy and industrial projects in Sweden.
Key clients
Among its clients are Storskogen Group, Nordea Bank, DNB Bank, Wind Systems, Danske Bank, Skandinaviska Enskilda Banken, Swedbank, Summa Equity, Skandinaviska Enskilda Banken, Carnegie, Swedavia, Castellum, AB Bonnier Fastigheter Finans, Heimstaden, Landshypotek Bank Aktiebolag, Stillfront Group and Trafikverket.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law and project development.
In banking and finance the firm has advised both borrowers and lenders on issues such as direct financing, project financing, acquisition financing and refinancing.
In capital markets it has been active in areas such as debt, equity and structured finance. In terms of debt capital markets work it assisted mostly issuers on various bond and note types.
In equity capital markets it advised issuers on share issues and IPOs.
In the M&A field it advised acquirers, targets and sellers on acquisitions and investments in various industries, including industrials and manufacturing, healthcare and banking.
In project development it acted for developers on projects in a broad range of industries, especially in transport, industrials and manufacturing and energy.
In restructuring and insolvency, the team at Mannheimer Swartling advised creditors and a debtor on debt restructuring and insolvency proceedings.
Deal highlights: 33rd edition (2023/2024)
Preem $300 million term facility
Bonnier Fastigheter Finans SKr 5bn medium term note programme
Philip Morris $16 billion acquisition of Swedish Match
Client feedback: 33rd edition (2023/2024)
Banking and finance
"Professional."
"High availability, problem-solving attitude, making complex structures more transparent and understandable."
"Service-minded, swift, well-educated, experienced, excellent communication."
"High knowledge, swift, efficient and responsive."
"Large team with wide expertise."
Capital markets
"Proactive and with very high competence. Easy to deal with."
"Eminent expertise within relevant legal areas. Responsiveness to client needs and concerns, dedication to achieving the best possible outcome for the client. High integrity and ethical conduct. Personalised attention to the client and our needs."
"Very knowledgeable, care about the product they produce. Excellent reputation."
M&A
"Trustworthy, reliable, likeable, knowledgeable."
"They are good at managing complex projects with a wide range of issues that need to be managed. Delivery is timely and very high quality."
"Professional, well read up on the matter. Strong negotiators."
"Very high-quality work and very familiar with our preferences."
"Deepest bench' of all Swedish law firms. Responsive and competent."
"Very good knowledge, broad network, great service and availability."
"They are extremely competent and fast. The service is excellent. Also, I always feel that you get the best person for the job no matter if that person is your contact or not (i.e. if the partner you contact isn't the specialist in the area he/she doesn't hesitate to use other people in the firm, even in other cities). MSA also have an understanding of commercial terms and what to accept and not accept in a negotiation."
"They are very quick at answering and producing documents, etc. The staff is available almost 24/7, which makes them one of the few law firms in Sweden that can handle a large transaction which has a tight deadline. Their partners are great bouncing boards and bring extensive experience to the discussions."
"Good availability, reliable advice, good support in negotiations."
"Professional, available, knowledgeable, easy to work with, client-focused."
"Great commercial, pragmatic advice, great at seeing the bigger picture and advising on market norms."
"Extensive knowledge. Fast response times. Personable contacts."
"Mannheimer Swartling is the go-to full-service firm in Sweden. The width of expertise and the fantastic client service is second to none."
"Highly knowledgeable, practical, quick responses, business-orientated, client service."
Private equity
"One of the leading law firms in Sweden with a full-service offering with unparalleled breadth and depth. Excellent quality across the board and able to deal with the most complicated situations in all areas."
"They have a true full-service offering with a few senior and great individuals leading the wider team."
Project finance
"Great competence and experience as well as understanding for legal as well as commercially linked topics."
Per Åsbrink
"Great competence and experience as well as understanding for legal as well as commercially linked topics. Per has been our single point of contact in M&A."
Johan Berg
"Deep knowledge. Fast responses. Practical solution-finding "
Rickard Carrick
"Very good knowledge, broad network, great service and availability."
"Great client management, creative and responsive."
Henrik Dock
"Strong relationship management, know-how of our business and well-informed on project-specific details."
Gustav Glimblad
"Friendly, easy to work with."
Adam Green
"Adam is a lawyer like no other! He takes the time to understand the business so he is a true extension of the in-house team – being able to provide specialist external advice perfectly tailored to the needs of the business."
Maria Holme
"Likeable, easy to work with, offers good service, meets expectations and deadlines."
"Positive attitude, professional and responsive."
"Likeable, knowledgeable, good availability."
Jan Holmius
"Commercially savvy, dedicated, on top of details and hands-on despite being a very seasoned professional. Excellent at strategic advice and to act as sounding board. Impressive interpersonal skills."
Aleksander Ivarsson
"Easy to deal with, proactive and very competent."
Mattias Karlsson
"Very competent and service-minded. He knows our business very well and I feel 100% comfortable to leave the legal works to him. I would be comfortable to ask him to do an SPA negotiation by himself and deliver the complete SPA for signing."
Daniel Khayyami
"Pragmatic, problem-solving."
"Very knowledgeable in his areas, commercially smart, excellent communicator, experienced, very nice as a person."
"Very knowledgeable and a great problem-solver."
Johan Lekholm
"Johan Lekholm is outstanding and very commercially driven. He is a fantastic problem-solver and is good at getting everyone on the same page and identifying solutions in apparent deadlock situations."
Fredrik Lundegårdh
"Very approachable and trustworthy. Always available, calls back immediately. Good sparring partner."
Emma Olnäs-Fors
"Very service-minded and client-focused, easygoing, pleasant, professional."
Isabella Ramsay
"Very accessible, highly skilled and fun to work with."
Jon Rastad
"Knowledgeable, responsive and knows private equity structures well."
Jakob Wijkander
"In-depth knowledge of Swedish ECM law."
Andreas Zettergren
"Highly knowledgeable, honest, clear and pragmatic."
Roschier
Roschier is a leading Nordic law firm with offices in Sweden and Finland. The firm established its Stockholm office in 2005.
Focusses / specialisms
In the banking and finance space the firm has a strong lender-side focus and appears for regional and international banks, securities dealers, insurance companies and pension funds on cross-border transactions.
Within the capital markets space the firm’s strong relationship with private equity sponsors and investment banks often places it at the epicentre of Sweden’s most complex equity and debt transactions.
The firm’s M&A team acts on several of the market’s landmark transactions for a mix of acquirers and sellers. The firm associates with a number of domestic and international corporates and is active predominantly on large and mid-cap transactions.
In the restructuring and insolvency space the firm represented both the borrowers and lenders on various mandates including debt restructurings and distressed financings.
Key clients
Among its clients are Nordea Bank, Logistri Portfolio 1, Hemnet Group, Skandinaviska Enskilda Banken, Danske Bank, ATG FA, Svenska Handelsbanken, Pareto Securities, Synsam, CVC, Swedbank, Sedana Medical, JonDeTech Sensors, DBT Capital, Atea, Scania Sverige, Agnafit Bidco, Advent International, Pontus Enquist, Patricia Industries, Veoneer, SEB Private Equity and Solör Bioenergi Fjärrvärme.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law.
In terms of banking and finance work the team at Roschier advised both lenders and borrowers on refinancing as well as on direct financing and asset financing.
In debt capital markets the firm focused on industries such as investment management, financial services and construction. On the equity side it advised the mostly the issue side on IPOs, secondary share issues and private placements.
In structured finance it advised originators, issuers and co-managers on securitisations of loans and trade receivables.
In M&A the firm advised acquirers, sellers and targets on deals in a wide range of industries, including real estate, technology and technology.
In restructuring and insolvency, it advised mostly the creditor’s side on debt and bond restructuring transactions.
Deal highlights: 33rd edition (2023/2024)
ITAB Shop Concept $160 million refinancing
Cibus Nordic Real Estate $66 million unsecured green notes issue
Urb-it $ 18.6 million rights issue
Setterwalls
With a history that can be traced as far back as to 1878,
Setterwalls is a Swedish law firm with offices in Stockholm, Gothenburg and Malmö.
Focusses / specialisms
The firm is well versed in several financial and corporate areas.
It is experienced in all aspects of banking work ranging from lending transactions to advice on matters in regulatory, compliance and FinTech work. The firm stands out with its expertise in acquisition finance, real estate finance, project finance and asset-backed finance.
The firm’s restructuring and insolvency team advises on all aspects of significant cases in the market and has recently increased its focus on debt restructuring matters such as loan restructurings, out-of-court re-financings and distressed debt trading.
The firm also boasts a large project development practice that often supports cross-border mandates in PPP, infrastructure, transportation and renewable energy.
Key clients
Among its clients are Nordisk Bergteknik, Björnberget Vindkraft, Thunderful Group, Moody, Verizon Communications, Knowit, Monterro Technology Investments, OneMed Group, Thunderful Group, Resurs Holding, Solid Försäkringsaktiebolag, Alligator Bioscience, Ascelia Pharma, Linkfire and Amniotics.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law.
In terms of banking and finance work the firm advised both borrowers and lenders on issues such as direct financing, acquisition financing, refinancing and project financing.
In capital markets equity it advised mostly issuers on various sorts of equity transactions such as share issues and private placements. The firm focused on industries such as oil and gas, pharmaceuticals and financial services.
In restructuring and insolvency, it advised creditors on business and financial restructurings and insolvency proceedings.
Deal highlights: 33rd edition (2023/2024)
ShaMaran Petroleum SEK290 million rights issue
Coala-Life Group SEK150 million rights issue
Vinge
The Swedish law firm Vinge
was established as a result of a merger of several law firms in 1983. In addition to domestic offices in Stockholm, Gothenburg, Malmö and Helsingborg, the firm has offices in Brussels and Shanghai.
Focusses / specialisms
The firm has a broad cover in a host of financial and corporate areas.
Its banking team is market leading and works across a wide mix of transaction types including acquisition finance, structured finance, project finance and financial restructuring, and can represent both borrowers and lenders.
In equity capital markets work the firm is also among the best in Sweden and often appears as an issuer counsel on IPOs. The firm’s debt capital markets team deals on a mix of transactions for issuers such as on large MTN programmes, domestic and international issues and hybrid bond issues.
In M&A the firm has a stronghold in the Swedish market by conducting market-leading work.
The firm has an active which often acts on wind power and renewable energy mandates for developers.
It is also visible in the Swedish restructuring and insolvency space where it stands out in terms of variety of matters covered.
Key clients
Among its clients are JP Morgan Chase Bank, Fidelio Capital, Nordea Bank, Embracer Group, Allianz Finance IX Luxembourg, NatWest Markets, Randviken Fastigheter, Cibes Lift Group, Svea Ekonomi, CTEK, Carnegie Investment Bank, ABG Sundal Collier, Nordea Corporate Finance & ECM, Sleep Cycle, Embellence Group, Lendify, Borgo, Syncron, EQT and Procuritas Capital Investors.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law.
In banking and finance the firm advised borrowers and lenders on direct financing, acquisition financing, and refinancing. The firm has acted for companies in mining, manufacturing and the financial services industry.
In capital markets it advised clients on debt, equity and structured finance products and transactions. In terms of debt capital markets work, Vinge has advised issuers on a wide variety of bond and note issuances. On the equity side it advised all sides of the table on share listings.
In the field of M&A the firm advised acquirers and sellers on acquisitions in various industries, such as real estate, industrials and manufacturing, and technology.
In restructuring and insolvency, it advised mostly creditors on bankruptcies, liquidations, restructurings, recapitalizations and insolvency proceedings.
Deal highlights: 33rd edition (2023/2024)
Sandvik € 500 million financing
Xshore SEK 500 million directed share issue
SAF-HOLLAND SKr 3.2 billion acquisition of
Haldex
Client feedback: 33rd edition (2023/2024)
Banking and finance
"Very high service level and very very seldom (never?) any errors in their work. Fast response times. Professional."
"Very well versed in the area, provided clear and helpful guidance throughout the entire process, could also draw on and provide valuable legal input and commercial advice based on their experience from previous matters. High availability and gave the feeling of a trusted advisor."
Capital markets
"Linnéa Sellström is a phenomenal lawyer. She is always available, providing to the point advice of very high quality."
"Well familiar with our standard terms and our business needs. Competent staff and high availability"
Financial restructuring
"Responsive - have good knowledge"
Leveraged finance
"Very commercial, gets the deal done."
M&A
"Always on time and to the point with crisp documentation"
"Great team with very deep knowledge of the industry and its particularities"
"Very efficient, high quality and outcomes of the works always in line with the clients needs"
Fabian Ekeblad
"Experienced lawyer with good knowledge representing bondholders in default situations."
Jonas Johansson
"Highly services minded. Treats us very well despite us likely being a small account. Very strong socially - someone you want to work with. Great legal skills and problem solver."
Sofie Nordgren
"Great comprehension of the clients needs, very clear feedbacks, excellent and always on timing advise"
Anna Palmerus
"Expereienced, available, commercial"
Linnéa Sellström
"She is always available and has a great understanding of the client's needs. She has great knowledge, stays well informed and has a commercial approach."
Mikael Ståhl
"Competent, easy going, always providing leagal advice wich balances business needs with the need for risk mitigation. Always up to date with current market practicies. Persuasive and stubborn in negotiations."
Christoffer Thalin
"Great lawyer with deep industry knowledge and great to work with"
Albert Wållgren
"High level of expertise and very well versed in the area, provided clear and helpful guidance throughout the entire process, could also draw on and provide valuable legal input and commercial advice based on experience from previous matters. High availability and engaged in the matter."
Johan Winnerblad
"Very knowledgable and pragmatic."
Wigge & Partners
Founded in 2015 Swedish law firm
Wigge & Partners operates out of an office in Stockholm.
Focusses / specialisms
The firm has a strong offering in banking, capital markets and M&A.
Its banking team has extensive experience in both domestic and international financing work. It frequently advises companies and financial clients on all aspects of a broad spectrum of lending transactions, often within the real estate sector.
The firm’s capital markets team has been active since 2020. With a mixed banking and private practice background, the team can support both international and domestic equity transactions in the area.
In corporate work, besides advising on complex mergers and acquisitions in Sweden, the firm is regularly seen on venture capital investments, joint ventures and restructuring mandates. The firm advises a wide client network of private equity funds, large corporate, venture capital investors and founder teams.
Key clients
Among its clients are EQT Real Estate, Arctic Paper, Vatne Capital, Armada Credit Partners, Brunswick Real Estate Capital, Areim Investment 5-2 AB, LSTH Svenska Handelsfastigheter, AroCell, Carnegie Investment Bank, Alelion Energy Systems, Gjensidige Forsikring, Agility Investment Holdings, Humana, Saminvest and Skandia Mutual Life Insurance Company.
Research period review: 33rd edition (2023/2024)
During the research period the firm was active in all areas of corporate law.
In banking and finance the firm has mostly focused on advising borrowers on direct financing, acquisition financing and refinancing.
In terms of capital markets work Wigge & Partners has been advising all sides of the table on bond issues, as well as equity capital markets transactions such as private placements and share issues. In this sphere the firm has been most active in industries such as real estate, financial services and pharmaceuticals.
In the field of M&A the firm advised mostly acquirers on projects in a wide array of industries, including media and entertainment, technology and investment management.
Deal highlights: 33rd edition (2023/2024)
Nyfosa SEK 700 million refinancing
Tbd30 SKr 80 million share issue
Client feedback: 33rd edition (2023/2024)
Financial services regulatory
"Henrik Fritz is a highly skilled lawyer that is analytical, pragmatic and well reputed within the financial regulatory sector in Sweden. Henrik is ambitious, reliable and cooperative."
M&A
"Knowledgeable, provides options instead of issues. A great legal adviser."
Peter Bäärnhielm
"Quick to respond, provides expert feedback and insights, provides options instead of issues, great experience."
Henrik Fritz
"Henrik Fritz is a highly skilled lawyer that is analytical, pragmatic and well reputed within the financial regulatory sector in Sweden. Henrik is ambitious, reliable and cooperative."
AG Advokat
AG
Advokat is a Swedish business law firm located in Stockholm. The firm was formed in 1985.
A key focus area for the firm is project work, especially in the construction and real estate sector.
The firm has also expanded its banking and finance offering, where it assists both international and domestic clients on financing transactions such as bilateral and syndicated loans, real estate financing, renting and hybrid solutions.
The firm’s key clients include
21Shares, CoinShares Digital Securities,
Valour Structured Products,
WisdomTree Issuer
and XBT Provider.
Baker McKenzie
Chicago-headquartered multinational law firm Baker McKenzie has an active presence across the Nordic region. In Sweden, the firm’s Stockholm teams advise clients across the region.
The firm’s banking team advises clients on the full extent of–often cross-border–banking transactions. The firm has steadily increased its involvement in leveraged finance, restructuring and debt capital markets transactions in Sweden.
The firm’s capital markets practice has a strong position in the local IPO market and handles a bundle of equity transactions in each research cycle.
In corporate and M&A, the firm excels in handling cross-border transactions with elements in multiple jurisdictions.
Key clients include Citigroup, Carnegie Investment Bank, JP Morgan, Bank of America, Morgan Stanley, Barclays, Husqvarna, Latour, Maersk, Securitas, Embracer Group, Nordic Capital, Ratos, Bain Capital, FSN Capital, Trill Impact,
Nalka Invest,
Verdane, Accent Equity, SEB, Danske Bank, Swedbank, EQT Credit,
Cordet Capital,
Roundshield, EQT, FSN Capitaland Google.
Client feedback: 32nd edition (2022/2023)
“Extremely competent and qualified within the capital markets area, handling complex matters in a very good way. Very flexible and always available for any situation.”
“They are a true global law firm that provides services our clients need, especially on cross-border M&A and capital
markets
transactions. Our connection through the Stockholm office provides us with access to this network and helps ensure that our clients get attention from teams that suit their needs.”
Bird & Bird
Bird & Bird is an international law firm headquartered in London. The firm has about 29 offices around the world including a strong presence in the Nordics with an office in Stockholm.
The firm is active in M&A and equity capital markets within the financial and corporate sphere in Sweden. The Swedish team works closely with the firm’s internationally renowned IP practice and secures key mandates in both areas.
Key recent clients include
RNB Retail and Brands,
ChromoGenics, Beowulf Mining,
Irisity,
Eurobattery Minerals, EnQuest,
Greater Than, QP Games and Sten
Forseke.
Lindahl
One of the largest
Swedish law firms, Lindahl advises clients across a variety of practice areas and industries from its Stockholm office.
In capital markets, the firm specialises in advising clients
in information matters, share issues, incentive
programmes and all other areas of law where a listed company may need legal advice. The firm has advised on several large listings on Nasdaq in recent years. It has also been active in debt capital markets work.
In M&A the firm is
recognised for its advice across several industry sectors, including TMR, IP, energy and life sciences.
Restructuring and insolvency is among the firm’s key focus areas. The practice’s advice
ranges from financial work, refinancing of distressed debt to acting as receivers in bankruptcy and solvent liquidation and as administrators in company reconstructions, appointed by the courts.
Key clients include
Roadbridge, Nykredit
Realkredit, K2A Knaust & Andersson
Fastigheter,
British American Tobacco, Coeli Private Equity,
Volati, EQT, European Energy, Unwrap Finance,
Addedo International,
Algorithmica Research, Boule Diagnostics, OXE Marine,
Byggmax Group,
Fortnox, Karolinska Development,
Klövern,
Nanologica,
TagMaster and
Swedencare.
Client feedback: 32nd edition (2022/2023)
Financial services regulatory
“Proactive;
professional;
and reliable.”
Linklaters
Linklaters is one of the leading firms across Europe, established as far back as 1838. Its office in Stockholm is one of the cornerstones in the firm’s international offering and execution of deals across the Nordic region.
The firm often advises clients on M&A, equity and debt capital markets. The firm is particularly strong when it comes to large cap private equity transactions and cross-border strategic M&A work for blue chip corporate clients.
Key clients of the firm include EQT, Swedbank, Deutsche Bank, Nordea Bank, Skandinaviska Enskilda Banken, JP Morgan, Bank of America Merrill Lynch, DNB Bank, Danske Bank, Akelius, Cevian Capital, ComHem, Triton and Assa Abloy.
Client feedback: 32nd edition (2022/2023)
“Extremely diligent and knowledgeable. Takes ownership of transaction, making the legal track of the transaction smooth with consistently good results.”
“Reliable and responsive partner regardless of the type of project. Able to provide the full picture as they cover both local and global aspects.”
Schjødt
Schjødt is a Scandinavian law firm with a significant international presence. The firm, founded in 1999, is present in Sweden via an office in Stockholm.
The firm has a market-leading offering across the full range of financial and corporate areas.
Its banking and finance department advises on a wide variety of finance transactions, with a particular focus on real estate finance, and cross-border leveraged acquisition financing banking.
The firm’s team advising on capital markets, financial regulatory and tax is also highly able. It has exceptional capabilities in assisting on capital markets and public M&A transactions. The firm is well known for its expertise in the cryptocurrency sector, alongside its superlative knowledge of the life sciences and healthcare sector.
The M&A
team has experienced growth in
the recent past and is among the strongest practices in the area in Sweden, advising on the structuring and implementation of all types of M&A transactions and private company investments in the wider Nordic region.
Key clients include Baring Vostok Capital Partners, NREP, MTG, Goldman Sachs, Morgan Stanley, Carnegie, Swedbank, Danske Bank, DNB, Bank of America Merrill Lynch, Nordea, Deutsche
Pfandbriefbank, American Express, Ture Invest, Proventus Capital Partners, Ares Management,
Procuritas and Scope Capital.
Client feedback: 32nd edition (2022/2023)
“Apart from being really good lawyers, the people from Schjødt that we have been working with have true business acumen and understand the business needs.”
“Client-centric. Hardworking. Making specialist functions come together seamlessly. Fun factor.”
TM & Partners
Törngren Magnell is a Swedish transactional law firm. The firm was founded in 2006 and
is located in Stockholm.
Focusses / specialisms
The firm’s banking team is strong. It regularly works for lenders and
barrowers on the full spectrum of lending work.
In the capital markets space the firm is active on debt and equity mandates, advising clients such as international listed companies, private equity and venture capital funds, investment banks, investment funds and security companies.
The M&A team acts for both buyers and sellers, often with a private equity element. The firm regularly advises high profile mid-market Nordic private equity houses as well as several state-owned companies.
Key clients
Key clients include Norvestor Equity, Priveq Investment, Endúr, Posti Group, RNB Retail & Brands, MAG Interactive, NetNordic, CDON and Nelly Group, The Hans and Barbara Bergström Foundation, Saxlund Group, Inission, Prime Living, Nordea, Svenska Handelsbanken, Nykredit, Danske Bank, Hemfosa Fastigheter, NREP, Mölnlycke Holding, Samhällsbyggnadsbolaget and Litorina Capital Advisors.
Research period review: 31st edition (2020/2021)
The banking team had a busy year, advising both borrowers and lenders on a high volume of lending mandates. The firm was particularly active in acquisition finance, but also assisted on real estate finance, refinancing and financial restructuring matters.
In equity capital markets the firm advised a wide variety of market participants on IPOs, private placements, directed issues and reverse acquisitions. In the dept capital market area the firm did predominantly issuer side work on bond issuances.
The M&A acted for a mix buy and sell side clients on predominantly local transactions. The firm was highly active in the Swedish private equity space.
In staffing changes partner Eva Sundling joined the banking practice during the research period. Counsel Bruce McGinn departed the corporate and M&A area.
Deal highlights: 31st edition (2020/2021)
Arcane Crypto IPO
CDON IPO
Endúr SEK400 million acquisition of Marcon Gruppen i Sverige
Enea acquisition of Aptilo
NREP SEK1.5 billion real estate financing
Prime Living SEK640 million
recapitalisation
Samhällsbyggnadsbolaget €700 million social bond issuance and €500 million perpetual hybrid bond issuance
Saxlund Group SEK85 million rights
issue
Sdiptech financing to acquire Rolec
The Hans and Barbara Bergström Foundatio SEK 3.1 billion mandatory public cash offer for Internationella Engelska Skolan i Sverige Holdings II
Client feedback: 31st edition (2020/21)
"My opinion is regarding Eva Sundling. She is a skilled lawyer within, among others, asset finance, payment services, securities related issues and also other types of financing."
Bank lending : Lender side
"Fully understand Swedish law but also reflecting Danish law as the financing is based on this."
"Knowledgeable, pragmatic, fast."
"Fast to answer questions - fast to produce documents - accurate - high business integrity."
"High competence - high level of service - positive attitude - easy accessibility - effective."
"Understanding need for balance between lender and borrower, high quality of early drafts, high availability of counsels and swift response."
"Very high level of partner interaction. Very good understanding of our needs and business. Very responsive and available."
"Accessibility and width."
"They have a long track record working with us and the knowledge of the history of the company. We have good contact and can reach the lawyer at short notice. "
Financial services regulatory
"Competent, accurate and proactive."
"Easy to get in touch with and quick responses. "
"Extreme service mindset. Deep know-how."
"Deep industry knowledge. Precision in advice and seniority. High-impact advice. Superb customer service."
"Very professional - knowledgeable - thorough."
"Available, solutions oriented and client centric. Obviously appreciated also by borrowers as many of them want us as a bank to have her as counsel."
"High level of interaction. Availability and knowledge and willingness to explain. Understanding of our business and needs."
"Very good service in a timely manner."
"Competence; communication skills; negotiation skills (vs. our client's lawyers); positive attitude; in general exceeding our expectations."
"Eva has customer focus and is very skilled in the financing and payment service areas. She was very much appreciated as a legal adviser within the bank and I'm sure she is doing well also at the law firm. "
"Cares about his clients. Has deep knowhow on a wide range of topics."
"Very analytical; good business sense; thorough in evaluations; nice to work with; right attitude with business partners."
"Problem solver. Thinks on his feet. Understands complex context. Excellent to work with when negotiating large deals; understands role well."
"Knowledge; proactive; eager to help."
"His long track record and knowledge of the company from start of 2017. Easy to contact with short notice."
"Very fast to answer mails and calls. Always will help us in the best way. High level of business integrity. Even if his colleagues are working on our case, he is always available for questions."
