Banking and finance in Sweden

Advokatfirman Cederquist KB

Advokatfirman Cederquist KB’s banking and finance team is retained by top-tier international banks and financial institutions to carry out leveraged, investment grade and real estate financing transactions; the latter is a field of growth driven by practice head Johan Lundberg. Svante Hultqvist and Per Henriksson handle a high volume of work-outs and restructurings for a diverse roster of lenders, borrowers and equity investors. Counsel Mirja Sikander is frequently involved in high-value acquisition financing and bridge financing deals for financial institutions across the Nordics.

Practice head(s):

Johan Lundberg

Other key lawyers:

Svante Hultqvist; Per Henriksson; Mirja Sikander


‘A strong banking and finance team with many talented individuals.’

‘Svante Hultqvist is the go-to guy when it comes to complex matters.’

‘Johan Lundberg is a skilled and solution-oriented lawyer.’

Key clients

Swedbank AB

DNB Bank

Skandinaviska Enskilda Banken AB

Svenska Handelsbanken AB

Nordea Bank Abp, filial I Sverige

Danske Bank


JP Morgan

Societe Generale

BNP Paribas

Silicon Valley Bank


Goldman Sachs


Work highlights

  • Acted as lead counsel to Nordea Bank in connection with the SEK2.3bn refinancing of a real estate portfolio owned by Brunswick in Sweden and Finland.
  • Acted as lead counsel to BNP Paribas in connection with a Sweden-listed company, which made a public tender offer on all shares in a company listed in Germany.
  • Acted as legal counsel to Swedbank and Skandinaviska Enskilda Banken in connection with Karo Pharma’s acquisition of (i) all shares in Trimb Holding AB and its subsidiaries and (ii) a product portfolio from the Danish pharmaceuticals company LEO Pharma.

Mannheimer Swartling

Mannheimer Swartling fields an expansive team of banking and finance experts situated across the country, handling an impressive range of lending mandates for global banks and financial institutions. Senior adviser André Andersson and practice head Thomas Pettersson are prominent figures in the high-yield bonds market, while Daniel Karlsson leads on acquisition and real estate financing instructions. Andreas Zettergren is acting for numerous Swedish and international banks on project financing and export credit mandates, notably in the renewable energy sector. Newly promoted partner Therese Jansson provides clients with robust financial regulation knowledge.

Practice head(s):

Thomas Pettersson

Other key lawyers:

André Andersson; Thomas Pettersson; Daniel Karlsson; Andreas Zettergren; Therese Jansson

Key clients

Nordea Bank AB

Danske Bank

Svenska Handelsbanken AB

DNB Bank

Scandinavian Airlines System Denmark – Norway – Sweden


Skandinaviska Enskilda Banken AB

Swedbank AB



Work highlights

  • Acted for DNB Bank ASA as lender in connection with its entry into a revolving facility agreement with Nordic Leisure Travel Group Holdings AB to be used in connection with its acquisition of Vinggruppen (the Nordic part of Thomas Cook).
  • Advised Northvolt in connection with the project financing of the development, construction, operation and maintenance of a lithium-ion battery manufacturing facility, with a capacity of 16GWh, located in Skellefteå, Sweden.
  • Advised Skandinaviska Enskilda Banken and National Australia Bank on the project financing of its 80% stake of Fortum’s Nordic wind portfolio, divested to funds advised by Credit Suisse Energy Infrastructure Partners.


The client roster of Roschier’s banking and finance practice comprises Swedish and international banks, insurance companies, pension funds, property investors and other high-profile institutional lenders. Practice head Johan Häger is noted for handling innovative co-lending structures, high-yield bonds and direct-lending engagements. The breadth of leveraged, asset-backed and acquisition financing transactions are areas of strength for Fredrik Rydin, Harem Mahir, Frida Lantoft and newly promoted partner Veronica Stiller, while counsel Carl Brodén leads on structured finance and restructuring engagements. Counsel Dan Hanqvist adds strength to the regulatory practice.

Practice head(s):

Johan Häger

Other key lawyers:

Fredrik Rydin; Harem Mahir; Veronica Stiller; Carl Brodén; Dan Hanqvist; Frida Lantoft


‘Best team in the market due to knowledge, experience and problem-solving capabilities. Always quick turnarounds and very service minded.’

‘Friendly, competent, business minded, problem-solving and alert.’

‘Flexible, Pragmatic with great knowledge of the market.’

‘Frida Lantoft is a superstar within banking and finance. She is without a doubt highly competent in all fields of banking and finance, excellent problem solving skills, flexible, service-minded and with excellent project management skills.’

Key clients

Skandinaviska Enskilda Banken

Svenska Handelsbanken

Nordea Bank


DNB Bank


Danske Bank

Pareto Securities

Accent Equity

ABG Sundal Collier


Arctic Securities





Work highlights

  • Advised Swedbank on a super senior SEK350m multi-currency revolving and capex facilities agreement for FNG Nordic in connection with the SEK1.5bn senior secured bond issued by FNG Nordic AB for its acquisition of Ellos Group AB from Nordic Capital Fund VII.
  • Acted for Skandinaviska Enskilda Banken on the SEK2.5bn term facility agreement for VCB Holding with Danske Bank, Nordea Bank and Skandinaviska Enskilda Banken as mandated lead arrangers.
  • Advised Nordea Bank on the SEK500m revolving facility agreement for Trelleborg, with the client as mandated lead arranger, original lender and agent.


Setterwalls’ banking and finance team includes co-heads Jonas Frii and Jesper Kuschel, and key partners Mikael Magnusson and Carl Lindencrona, who handle the breadth of lending mandates for top-tier financial institutions. Recent highlights include leveraged, investment grade and asset-backed financing transactions; the group is also strong in real estate financings acting for lenders and borrowers. The funds and asset management practice is led by group co-head Åke Fors, who counts premier Swedish pension funds as part of his client portfolio, while Andreas Löfholm spearheads the regulatory practice, advising domestic and international financial institutions on compliance measures and dealings with the Swedish FCA.

Practice head(s):

Åke Fors; Jonas Frii; Jesper Kuschel

Other key lawyers:

Mikael Magnusson; Carl Lindencrona; Andreas Löfholm


‘A strong Swedish banking and finance team relative to its size. Experienced lender-side counsel in local bilateral and club financings across the real estate and corporate financing sectors. Due to its size it is easy to interact with and get to know the lawyers at all levels.’

‘Carl Lindencrona is a trustworthy partner who always delivers in line with expectations. High level of technical skills combined with efficiency and clarity from a project management perspective. He never leaves things unattended and will make sure to provide overall solid service.’

‘Not the biggest banking and finance teams in the market, but one of the best!’

‘Mikael Magnusson is a real star. Always available, hands on and great drafting skills. In addition, he is very nice to work with.’

‘Hands on, suggests alternative steps forward. Willing and capable to understand the underlying business.’

‘Interest and competence in understanding the underlying business. Hard and hands-on work from all – even the senior resources.’

‘Highly skilled partners and hands-on involvement throughout the transaction process whereas most partners at other law firms have a declining presence in transactions where they become more or less invisible when you reach the execution stage.’

Key clients

Swedish Central Bank

The Seventh Swedish National Premium Pension Fund

The Fourth Swedish National Premium Pension Fund

Swedish Government



Ness, Risan & Partners

Lansa Fastigheter

Banco Santander

Adapta Fastigheter

Work highlights

  • Acted for Recipharm in connection with the financing of its offer for the shares in Consort Medical, a target listed on the London Stock Exchange.
  • Acted for Cabonline on the issuance of SEK1.8bn senior secured floating rate notes and entering into of a super senior revolving credit facility, including relevant intercreditor arrangements.
  • Assisted travel guarantee creditor Atradius during the insolvency of Vingresor (owned by Thomas Cook) with resolving the guarantee financing and loss sharing for the Swedish entity.

Advokatfirman Vinge

Practice head Mikael StåhlLouise Brorsson Salomon and Albert Wållgren of Advokatfirman Vinge’s banking and finance practice recently acted on high-value credit facility refinancing agreements and multibillion-SEK bridge financing transactions for domestic and multinational lenders and borrowers in the engineering, automotive and FMCG sectors. Real estate lenders engaged Fabian Ekeblad on a suite of refinancing structures, while Henrik Ossborn handled acquisition and project financing deals for global investors. The group's robust regulatory work is maintained by Fredrik Wilkens, who recently advised on large-scale restructurings for global banks.

Practice head(s):

Mikael Ståhl

Other key lawyers:

Louise Brorsson Salomon; Albert Wållgren; Fabian Ekeblad; Henrik Ossborn; Fredrik Wilkens; Emma Stuart-Beck


‘Good knowledge and broad expertise. But also practical to resolve issues and find solutions.’

‘Emma Stuart-Beck and her team have proved to be a great support helping us to navigate through the Swedish regulatory landscape in an easy manner.’

‘The team has an impressive range of financial regulatory knowledge and experience.’

‘Great understanding of our business and regulatory questions. The team is very proactive and dedicated to our firm.’

‘The individuals are very dedicated to deliver above expectations and to give excellent legal advice.’

‘Highly skilled associates and partners. A proper full-service firm with pragmatic and commercial lawyers.’

‘Louise Brorsson Salomon is a very talented banking and finance lawyer that I have had the pleasure to work with. She is pragmatic and commercial, builds trust and is very easy to work with.’

‘Louise Brorsson Salomon is a preferred individual for any kind of financing matter and the reason is simple: Louise knows what the client expects without any need to actually say it out loud. This is why you can turn to Louise with all types of questions. She is hard working, very available, hands on and extremely competent. Apart from being highly skilled in contract drafting and identifying the relevant legal issues, Louise has a unique sense of understanding the business and the client perspective.’

Key clients

re:cap global investors AG

Essity Aktiebolag

Svenska Cellulosa Aktiebolaget SCA

Allfunds Bank S.A.U.

Scandic Hotels Group AB

Bridgepoint Development Capital

Gränges AB

Samhällsbyggnadsbolaget i Norden AB

Intrum AB

Ardian Infrastructure IV

Alfa Laval AB

Corsair Capital LLC

Hellman & Friedman LLC

Strax AB

Fredensborg AS, Fredensborg Bolig AS, Norwegian Property ASA Union Real Estate Fund III Holding AS

FCG Holding Sverige AB

PGIM Real Estate Finance


Work highlights

  • Acted for Gränges AB in connection with the financing of its SEK2.3bn acquisition of the Polish aluminium manufacturer Aluminium Konin.
  • Advised Intrum AB in connection with the negotiation of a SEK2bn backup revolving credit facility agreement.
  • Acting as Swedish counsel to Essity Aktiebolag in connection with the refinancing of the Essity Group and its €1bn multicurrency revolving credit facility agreement (incorporating swingline facilities).

White & Case Advokat AB

The trio of Carl Hugo Parment, Magnus Wennerhorn and Oscar Liljeson lead White & Case Advokat AB’s sizeable banking and finance practice. International corporate borrowers and financial lenders, including pan-Nordic banking syndicates, instruct the team on the breadth of transactions, often under English law; recent highlights included multi-currency loan facilities, high-yield bonds, pre-IPO financings, acquisition financings and asset-backed arrangements. Complex bond restructuring projects are also routinely handled by the group. Up-and-coming associate Alexandra Stolt adds knowledge when acting for Swedish banks, including in relation to investment-grade lending issues.

Practice head(s):

Carl Hugo Parment; Magnus Wennerhorn; Oscar Liljeson

Other key lawyers:

Alexandra Stolt


‘Highly knowledgeable, commercial acumen, close relationships with the London market. The office is a great pool of confidence.’

‘Excellent commercial judgement and ability to push for the critical items for us as a client, while at the same time being on top of all details.’

‘Significant market experience became apparent during negotiations. Well aware of key terms for similar transactions and alternative structures, which translated in an ability to ensure we received favourable terms.’

‘A top-notch team delivering on time with excellent hands-on advice. This makes it easy for us to act and move forward in our business.’

‘Magnus Wennerhorn is one of the most knowledgeable lawyers in the market. Very dedicated and always available. Goes lengths to understand our business to make sure the advice the team gives is spot on.’

‘Magnus Wennerhorn is knowledgeable and solution oriented which makes for a very good working relationship.’

‘Oscar Liljeson is very knowledgeable and easy to work with.’

Key clients

ABG Sundal Collier

Accent Equity Partners


Altor Equity Partners

Bygghemma Group


China Merchants Bank

Credit Suisse Securities

Danske Bank

Deutsche Bank

DNB Bank

Eleda Infra Services Group


FSN Capital

Goldman Sachs

IK Investment Partners

Impilo Partners


J.P. Morgan

Karo Pharma

Kindred Group

Klarna Bank


Merieux Equity Partners

Nordea Bank

Nordic Capital


Norrsken Foundation



Ropo Capital

Skandinaviska Enskilda Banken (SEB)


Strawberry Group

Summa Equity


Svenska Handelsbanken

TDR Capital

Trill Impact

Valedo Partners

Work highlights

  • Advised Deutsche Bank and Nordea Bank as initial purchasers on Assemblin’s issuance of €250m senior unsecured floating-rate notes and the establishment of new super-senior revolving credit facilities and a new pension guarantee facility.
  • Advised Goldman Sachs affiliate J. Aron & Company on its entry into an oil inventory monetisation arrangement with Nynas.
  • Advised a group of Nordic banks comprising Swedbank, Nordea Bank and Skandinaviska Enskilda Banken on a £280m, three-year, multi-currency loan facilities agreement with Kindred Group.

Advokatfirman Schjødt

As a core vertical at Advokatfirman Schjødt, the finance and capital markets department fields a large bench of professionals led by practice head Ylva Forsberg. Multijurisdictional lenders and borrowers retain the team for advice on cross-border acquisitions, venture capital deals, general corporate lending work, export financings and all manner of financial restructuring matters. Eric Halvarsson is highly active in real estate financings; instructions are received from property owners and private equity investors. Fredrik Gillgren joined  Advokatfirman Lindahl KB in 2021.

Practice head(s):

Ylva Forsberg

Other key lawyers:

Eric Halvarsson; Peter Kullgren


‘The firm’s expertise and experience is outstanding. Our company has used this firm for 15+ years and they have consistently delivered high-quality legal advice for a very reasonable cost. Furthermore, they are well equipped to tailor their advice depending on the audience, with pragmatism and commercial acumen.’

‘Peter Kullgren is a true partner to our firm and has gone way beyond what you can expect from a law firm in regards to support and guidance.’

Key clients

Bank of America Merrill Lynch

The Blackstone Group International Partners LLP

Procuritas Capital Investors VI

Swedish Hospital Partners AB

American Express

Wasa Kredit

Scope Capital

Work highlights

  • Advised Pandox AB, a hotel property owner and operator listed on Nasdaq Stockholm, on the refinancing of multi-currency term and revolving facilities for a portfolio of properties in the Nordic region.
  • Advised Procuritas Capital Investors VI and its portfolio company Temporary Space Nordics on the financing and acquisition of the Danish modular space business from GSV Materieludlejning.
  • Advised Bank of America Merrill Lynch on its senior and mezzanine SEK2.5bn financing of a portfolio of Swedish properties.

Baker McKenzie

Led by Mats Rooth, Baker McKenzie’s banking and finance team is particularly strong in the fields of leveraged and export credit finance, the latter enhanced by the recruitment of counsel Camilla Holmkvist from Advokatfirman Schjødt. Markus Meuller has extensive knowledge of US bond structures, making him a go-to name for US financial institutions operating in the Nordics. Further fields of expertise include cross-border securitisations, private debt deals and borrowing mandates for private equity clients. Licensing matters before the Swedish Financial Supervisory Authority are also handled by the team.

Practice head(s):

Mats Rooth

Other key lawyers:

Camilla Holmkvist; Markus Meuller

Key clients

Bank of America

Wells Fargo


FSN Capital GP V Limited

Kindred Group plc

Nordea Bank Abp

Storytel AB

JP Morgan

Danske Bank


Nest Capital


SCB, Standard Chartered Bank


Trill Impact



Ture Invest


Nordic Capital

Work highlights

  • Acted for Nordea Bank as issuing agent and sole book runner in connection with a €55m senior secured notes offering and a €15m super senior revolving credit facility.
  • Advised Storytel on the refinancing of its existing debts.
  • Advised Trill Impact on a SEK611m term loan, capex and revolving facilities agreement with Nordea Bank, in connection with Trill’s acquisition of Nordomatic Invest AB.

Cirio Advokatbyrå AB

Cirio Advokatbyrå AB’s banking and finance practice head Dennis Luttropp Hansson provides a roster of alternative debt providers, international banks and corporate borrowers with advice on the breadth of mandates, including complex leveraged financings, bond issuances and loan restructurings. Jesper Johansson, who is a prominent name in real estate financing, advises investors and institutional lenders including the largest banks from the Swedish and international markets. Fintech companies and financial institutions also take advantage of the robust regulatory knowledge in the team.

Practice head(s):

Dennis Luttropp Hansson

Other key lawyers:

Jesper Johansson; Carl Axel Morvay


‘They have the depth of understanding to handle some of the most complex matters in today’s market. In our experience the Cirio finance team always delivers on time and budget.’

‘Jesper Johansson is very much into the details and is hands on.’

‘Carl Axel Morvay has both great energy and commercial nous so we find that we always gets the job done in a sensible and timely manner.’

Key clients

Nordea Bank



DNB Bank

Arctic Securities

Deutsche Pfandbriefbank


Aareal Bank


AB Sagax

Atrium Ljungberg

Humlegården Fastigheter

BEWISynbra Group


Munters Group



Work highlights

  • Advised BEWiSynbra Group on its refinancing, which included: (i) an issuance of €65m senior secured floating-rate bonds under a framework of up to €115m (ii) a tender offer of SEK400m existing SEK bonds and (iii) an amendment and restatement of a SEK400m super senior revolving credit facility.
  • Advised Aareal Bank on its €380m cross-collateralised financing package for Archer Hotel Capital of a pan-European portfolio of seven hotels in five European countries.
  • Advised the arrangers/original lenders on the project financing of a portfolio of wind power projects located in Sweden and Norway, which have been acquired by Green Investment Group.

DLA Piper

DLA Piper’s finance and projects experts regularly receive instructions in the renewables sector, including handling international lending mandates for wind farm projects and senior secured green loans for solar energy companies. Practice head Björn Sjöberg handles highly complex, multibillion-SEK refinancing restructurings, while Carl Schwieler, Mikael Kövamees and senior associate Joséphine Tessmar advise on all leveraged, asset-backed and private debt financing instructions. Marianne Ramel, who heads up the firm’s Nordic China Desk, is a desirable name for lenders and borrowers with a Chinese nexus.

Practice head(s):

Björn Sjöberg

Other key lawyers:

Carl Schwieler; Mikael Kövamees; Joséphine Tessmar; Marianne Ramel


‘Has a deep knowledge of real estate transactions.’

‘In-depth knowledge of project finance with strong international experience. Great client attention. Sizeable team and cross-border capacity with sister firms within the network.’

‘I cannot praise Marianne Ramel enough for her availability, willingness to help, open mind and excellent framework of international project finance deals. It certainly made a difference in structuring the €600m reference transaction that we have worked together on.’

‘Broad banking and finance knowledge. One stop shop when it comes to banking.’

‘High level of competence and broad experience.’

‘Very flexible, relaxed and competent team. Marianne Ramel is a very dedicated, competent and charismatic partner to work with. Joséphine Tessmar is also very nice to work with.’

Key clients

Skandinaviska Enskilda Banken AB

Ares Management

Savills Investment Management


AddSecure Acquisitions

Stillfront Group

Round Hill Capital

STG Partners

Credit Suisse Infrastructure Partners

HSH Nordbank

Advanced SolTech Sweden AB

Bergvik Skog AB

Work highlights

  • Advised Bergvik Skog on its highly complex demerger and the SEK12bn refinancing undertaken as part of the split of the forestry assets among the owners of Bergvik Skog.
  • Advised solar renewable Sino-Swedish company, Advanced SolTech Sweden, on senior secured green bond loans up to SEK1.5bn and the refinancing of the same green bond in the amount of up to SEK2bn.
  • Advised Stillfront on entering into a SEK1.5bn revolving and uncommitted bridge loan facility agreement and on the issuance of SEK500m senior unsecured bonds under a new framework of a SEK1bn senior unsecured bond loan due 2024.

Eversheds Sutherland

Key specialisms for Eversheds Sutherland’s banking and finance practice include real estate and asset financing, structured financing and export and trade matters, acting for international lenders and corporate borrowers. The team also handles a high volume of recapitalisations and refinancing matters for international banking clients. Practice heads Philip Heilbrunn and Tord Svensson apply their regulatory and compliance knowledge to fintech operations and unique crowdfund financing initiatives.

Practice head(s):

Philip Heilbrunn; Tord Svensson


‘Personal touch and service in combination with a truly professional approach. It feels like they are part of our own staff.’

‘Their presence in many countries combined with their both wide and deep knowledge regarding legal issues but also the different markets, make their practice top notch.’

‘Philip Heilbrunn works very proactively and ensures that complex cross-border cases are delivered on time.’

Key clients

Invesco Real Estate

Barclays Bank plc

IATA – International Air Transport Association

HSBC Bank plc

The Royal Bank of Scotland

Nordea Finans Sverige AB

Tessin Nordic AB

Avida Finans AB

SEB Trygg Liv

Catella Bank AB

Banco Santander

Work highlights

  • Advised Banco Santander on a series of export credit financings relating to the purchase of trucks from a Swedish seller to Colombian purchasers.
  • Exclusive legal advisor to Tessin Nordic in relation to all structural, fund, finance, security, agency and capital markets matters in relation to all transactions arranged by the company, including its establishment in Finland, setting up new funds and structuring new financial instruments.
  • Advised Nordea Finance on several multijurisdictional receivable purchase arrangements for key treasury customers to the bank involving several jurisdictions.

Gernandt & Danielsson Advokatbyrå

Gernandt & Danielsson Advokatbyrå’s banking and finance group includes leveraged finance specialist Björn Svensson, bond financing expert Mikael Borg and practice head Candra Torebring, who handles complex bilateral loans, syndicated loans and financial restructurings for corporate borrowers. Financial regulatory head Niclas Rockborn lends his knowledge of fintech issues, regulatory investigations and international sanctions to a client portfolio of banks, hedge funds and asset managers. Nils Unckel also provides regulatory support and recently advised on the establishment of UCITS funds.

Practice head(s):

Candra Torebring; Niclas Rockborn

Other key lawyers:

Björn Svensson; Mikael Borg; Nils Unckel


‘They definitely stand out in regards to availability, speed and competence. Partners also gives very good commercial contributions. All in all the firm really delivers quality.’

‘Candra Torebring: Extraordinary availability, competence and commercial understanding and down to earth.’

‘I believe Gernandt & Danielsson are true professionals with quality and focus in all aspects of their practice. In the area of banking and finance they are indeed a top firm in the Nordics, with a very strong practice for buy-side clients.’

‘Working with Niclas Rockborn is a true pleasure – he is very knowledgeable within his field of practice, he is pragmatic and easy-going. I also have good experiences working with Nils Unckel who is an expert when it comes to regulatory matters and is very accessible.’

‘The practice is very professional and keeps a high standard on all advice. They also have good capabilities in drafting not only legal documentation but also prospectus drafting and other more business oriented documentation. They have a broad experience in the bank and finance legal space and good knowledge of also more narrow areas such as ISDA and bank guarantees regulations.’

‘I always work with Candra Torebring who is an excellent legal adviser. She is very thorough and has a deep knowledge of corporate and bank regulations. She is also business oriented and can give more strategic advice if needed. She is always available and quick on deliveries.’

‘Niclas Rockborn and Nils Unckel are particularly strong. Niclas is always prompt, sensible and commercial.’

Key clients



Carnegie Investment Bank


ICA Gruppen

Scandi Standard




Svea Ekonomi





Nordkinn Asset Management


Work highlights

  • Advised Nordea on a senior secured €5bn revolving credit facility agreement, arranged and underwritten by Nordea and DNB Bank. The facility was entered into in connection with the contemplated divestment of 60% of Luminor to a private equity consortium.
  • Advised Swedbank on the Swedish law aspects of its issuance of $500m of Additional Tier 1 capital.
  • Advising Volati on increasing its existing revolving credit and overdraft facilities agreement, entered into with Nordea with a total amount of SEK1.2bn.


Recent growth in Hammarskiöld’s banking and finance practice saw the recruitment of debt capital markets and direct lending expert Rasmus Fahlén from Advokatfirman Westermark Anjou AB, and the return of founding partner Per Gustaf Ekbom, who is an expert in asset-backed and real estate financings. Practice head Mattias Anjou has an impressive regulatory practice, which is applied to fintech clients’ product structuring assignments and contentious engagements for financial regulatory bodies. Aircraft financing and cross-border lending transactions for Nordic banks are also regularly handled by the group.

Practice head(s):

Mattias Anjou

Other key lawyers:

Rasmus Fahlén; Per Gustaf Ekbom


‘The practice adopts a very personable, collaborative and communicative approach, listens to a range of opinions and looks to deliver creative output to address complex challenges.’

‘Mattias Anjou is a skilled communicator and tactician.’

‘They have a good knowledge regarding the regulatory requirements in Sweden and have connections to relevant people in Sweden, which helps us significantly when exploring opportunities.’

‘They are quick to understand our position, challenges and what we try to solve. They are proactive in keeping us up to speed in what they have identified and what they are looking into on our behalf.’

‘Mattias Anjou presents the facts and the options in a clear and concise manner.’

‘I’ve worked with Rasmus Fahlén. Good communication, easy to work with, straightforward, solution oriented. Very good knowledge. Very diligent.’
‘Rasmus Fahlén is very hands-on and super responsive. Highly skilled in international financing situations.’

Key clients


Mastercard Europe

The Swedish Pensions Agency

Länsförsäkringar AB

BNP Paribas



Sverige AB


Fondkommission AB

Round2 Capital Partners

Monetise Capital AB

Nordea Bank

Rockton Aviation Holding



Siemens Financial Services

Beacon Rail

Tagehus Holding

Monetise Capital AB

Work highlights

  • Advised on the establishment of a bespoke financing structure for the mortgage loan provider Hypoteket Bolån. The work included high-end technical drafting and bespoke terms to fit institutional investors and Hypoteket’s unique mortgage lending platform.
  • Handled several new financings and refinancings of aircraft for the Swedish operating lessor Rockton Aviation.
  • Assisted Monetise Capital  (Froda) with becoming a credit institution, working with other consultants and acting as legal project manager to enable Froda to obtain authorisation as a credit institution, as one of the few applicants that the Swedish Financial Supervisory Authority has authorised in recent times.

Hannes Snellman

Under practice head Fredrik Olsson, Hannes Snellman’s finance and restructuring team is highly active in the bonds market, particularly high-yield and real estate-backed bond matters for lenders and borrowers alike. New recruit and counsel Maria Orrgard brings many years’ in-house experience at a leading Swedish bank, increasing the firm’s expertise in lender-side mandates. Paula Röttorp has a focus on financial regulatory issues including licensing requirements, and Carolina Wahlby is often engaged on pre-IPO financing, acquisition financing and restructuring mandates.

Practice head(s):

Fredrik Olsson

Other key lawyers:

Maria Orrgard; Paula Röttorp; Carolina Wahlby


‘Well rounded, sound advice, keeps things together, excellent project and client management.’

‘Coherent team, easy to deal with, listens well and quick to understand – good focus and good over all management.’

Key clients

Proventus Capital Partners IV AB

Stirling Square Capital Partners LLP

Polygon AB

Valedo Partners Fund II AB

Triton Investment Management Limited

Brunswick Real Estate Capital


Paternoster Holding IV

Aktiebolaget SL Finans


InfraVia Capital Partners

Work highlights

  • Acted as lead counsel to Proventus Capital Partners IV as arrangers in relation to the debt financing of the Ovzon 3- Satellite, spanning several jurisdictions and asset classes.
  • Acted for Stirling Square Capital Partners on the financing of the acquisition of Logent Group, an independent contract logistics partner to logistics-intensive companies in Sweden and Norway, from Adelis Equity Partners. The acquisition was financed by way of a bridge bank financing that was refinanced with a bond issued by Logent Group.
  • Advised Svenska Handelsbanken AB on its financing agreement with Nederman Holding AB, and its subsequent amendment and restatement of the same agreement.


The majority of top banks in the Swedish and wider Nordic market retain Linklaters’ banking and finance practice for lending mandates under Swedish and English law. Practice head Patrik Björklund handles real estate financings, high-yield bonds, leveraged finance work, asset-backed deals and bond restructuring matters. Associate Alex Stenning’s financial regulatory practice covers market conduct requirements and product implementations for banks, investments funds and trading platforms.

Practice head(s):

Patrik Björklund

Other key lawyers:

Alex Stenning


‘The banking team is a hardworking and knowledgeable group that, together with the vast knowledge within the Linklaters network, always provides high-quality advice.’

‘Small and accessible local banking and finance practice combined with global reach in its magic circle firm universe. With a relative low headcount locally and only one partner they are able to take on large transactions and do an excellent job especially in a cross-border context or transactions with parties from various jurisdictions.’

‘Patrik Björklund is very impressive, one of the best banking lawyers in the region. He has excellent business sense and outstanding legal skills.’

Key clients

Skandinaviska Enskilda Banken AB


Nordea Bank Abp

Svenska Handelsbanken AB

Swedbank AB

Danske Bank AB


Altor AB


GLL Real Estate Partners GmbH

Assemblin Financing AB

Work highlights

  • Acted for Triton Partners on the refinancing of Assemblin Group, in connection with the offering of €250m senior secured floating-rate notes due 2025, a SEK650m super senior revolving credit and guarantee facility agreement and a SEK240m super senior pension guarantee agreement. The proceeds of the offering of the notes were partly used for repaying the existing financing.
  • Advised Nordea Bank on a SEK1.9bn sustainable facilities agreement for Oatly, a Swedish oat drink manufacturer. The proceeds were applied towards refinancing existing indebtedness and general corporate purposes.
  • Advised Danske Bank and DNB Bank on their role as mandated lead arrangers and lenders in connection with the financing of the acquisition by Swedish-listed entity Recipharm AB of Consort Medical (listed on London Stock Exchange).

Advokatfirman Törngren Magnell

In Törngren Magnell & Partners Advokatfirma KB's banking and finance group, practice co-heads Cecilia Rudels and Tobhias Brandell are currently engaged on a high volume of corporate lending matters, leveraged deals and real estate financing transactions for lenders and private equity-backed borrowers from the EU and the UK. International banks and corporate entities regularly engage the team on refinancing arrangements and recapitalisation projects. Owing to her in-house experience as chief legal adviser at Danske Bank, newly recruited partner Eva Sundling reinforced the team’s regulatory and fintech knowledge.

Practice head(s):

Cecilia Rudels; Tobhias Brandell

Other key lawyers:

Eva Sundling


‘Personal service and dedicated employees.’

‘They make bets other firms don’t. Once they believe in you as a start-up, they give 100% in order to make your business successful. They care about your business, more than their own sometimes. Also, they’re great at not inventing the wheel twice.’

‘Eva Sundling and Tobhias Brandell are probably two of the most human-centric lawyers I’ve ever met. They were standing with me when I was a poor start-up founder, and took a bet on us that no one else would. Their wide range of knowledge from compliance, corporate governance, IP and fundraising is really unique.’

‘What makes them extremely good is not only their skilled lawyers but their ability to be familiar with the whole business and ability to come up with strategic advice. There is always a prestigious and good atmosphere when working with them. It feels like working at the same company towards the same goal.’

‘I have worked with Tobhias Brandell for 15 years and I believe that he is one of the best banking and finance lawyers out there. Incredibly competent, strategic and humble. He quickly becomes one of the team and looks after my company’s best interests. Can highly recommend him.’

‘The firm’s banking and finance practice is fantastic. They are very knowledgeable, they have a deep understanding of both legal and commercial aspects of complex transactions and they always provide accurate, correct and reliable advice within the stipulated time frames. As a client you always receive full partner attention during the entire transaction from start to finish.’

‘Tobhias Brandell is definitely one of the best banking and finance lawyers on the Scandinavian market. Tobhias always provides good, reliable and accurate advice on time. He has extensive experience and can provide both legal and commercial advice on very complex transactions. He thinks outside the box and comes up with creative solutions.’

‘We work a lot with Cecilia Rudels. She delivers high-level services and has good interpersonal skills. She delivers on time and when delegating you see that she maintains control over quality. The firm and Cecilia have worked a lot with our company and understand our needs and must haves.’

Key clients

Nordea Bank

Skandinaviska Enskilda Banken

Svenska Handelsbanken

Danske Bank


Mölnlycke Holding

EQT Credit Fund

Europa Capital Partners


Alma Property Partners

Norvestor Equity


Whitehelm Capital

Swedish Pelican Self Storage

Aquila Capital

Work highlights

  • Acting as legal counsel to Swedbank AB and EQT Credit Fund on the recapitalisation of the CTEK Group in connection with a restructuring and simplification of the group structure.
  • Acting as legal counsel to NREP in relation to the financing of its acquisition of four shopping centres in the greater Stockholm region from EPISO 4, a fund advised by the pan-European real estate investment manager Tristan Capital Partners.
  • Acting as legal counsel on the establishment of a €3bn EMTN programme for Mölnlycke Holding. The first note issued under the programme (a €500m senior unsecured note) had a tenor of 10 years, the longest tenor ever issued by Mölnlycke.

Advokatfirman Delphi

Advokatfirman Delphi’s banking and finance practice has sustained steady growth under the guidance of practice head Berndt Pettersson, who focuses on acquisition finance transactions, real estate finance work and bilateral and syndicated loans. Financial institutions also engage the team to handle loan refinancings. Additionally, the firm is increasing its involvement in green loans and sustainable finance work.

Practice head(s):

Berndt Pettersson


‘We have mainly worked with Berndt Pettersson who is a Finnish lawyer relocated to Sweden. It really helps us to work with him and his team since he knows the Finnish legal system and can easily reflect and compare the Swedish market. He can provide support in large and small transactions as he holds previous experience from a big Swedish law firm. He is solution-oriented, but knows his facts and details. Easy to work with, efficient and delivers on time.’

‘Berndt Pettersson can deliver in a timely manner even in large-scale cross-border transactions with tight time schedules.’

‘Great availability and proactive.’

Key clients

Svenska Handelsbanken AB

Skandinaviska Enskilda Banken AB

OP Corporate Bank

Nordea Bank Abp, Filial i Norge

Nordea Bank Abp, Filial i Sverige

Swedbank AB

Carlyle Global Credit Investment Management


Momentum Group AB

Rejlers AB

Work highlights

  • Advised Momentum Group AB in connection with the financing of the public tender offer for shares in Swedol AB.
  • Advised Rejlers AB in connection with the financing of the acquisition of Neste Engineering Solutions AB and certain assets from Neste Engineering Solutions Oy.
  • Advised Nordea Bank on the Swedish law aspects of the bridge financing in connection with the redemption by Lundin Petroleum AB of 16% of its shares and sale of 2.6% of the Johan Sverdrup development project.

Advokatfirman Lindahl KB

Advokatfirman Lindahl KB’s banking and finance team is highly active in the property sector, evidenced by practice head Sten Gejrot’s handling of facility refinancings and revolving credit facilities for institutional lenders and borrowers. Export finance and structured finance transactions, including associated regulatory issues, are also fields of expertise. Peter Bäverlid frequently advises on asset financing transactions in the shipping and transport sectors. Fredrik Gillgren joined from Advokatfirman Schjødt in 2021.

Practice head(s):

Sten Gejrot

Other key lawyers:

Peter Bäverlid; Fredrik Gillgren


‘Provides flexibility and transparency.’

‘Fredrik Gillgren is very skilled, solution oriented and easy to work with.’

Key clients

Nykredit Realkredit A/S

Nykredit Bank A/S

Deutsche Bank AG

Credit Agricole Corporate and Investment Bank

Collector Bank AB

Pareto Securities AS

K2A Knaust & Andersson Fastigheter AB

LSTH Svenska Handelsfastigheter AB

Svenska Skeppshypotek

Ystad kommun (municipality of Ystad)

Beijer Alma AB

Valneva Austria Gmbh

KlaraBo AB

Work highlights

  • Advised Nykredit Realkredit and Nykredit Bank on two acquisition finance transactions together with senior and junior facilities work.
  • Advised Collector Bank on all major financing structures in its capacity as both senior and junior lender.
  • Advised Host Property AB on a SEK500m bond issuance to finance a hotel company’s portfolio.

Magnusson Advokatbyrå

Magnusson Advokatbyrå has a financial regulatory practice led by Robert Karlsson. The group's client roster comprises a diverse set of financial institutions, investment funds, payment services and insurance companies, which retain the team for advice on regulatory directives, financial investments and dealings with the SFSA; the latter buoyed by Karlsson’s term as Director for Consumer and Investor Protection at the SFSA.

Practice head(s):

Robert Karlsson


Magnusson has a unique set of competences among their lawyers as well as partners. They are fast, competent, accessible and client oriented.

Robert Karlsson is a highly skilled lawyer within the field of regulatory banking and finance. He has good understanding from both the client’s perspective as well as the law firm.

Robert Karlsson has an outstanding knowledge of the Swedish Financial Supervisory Authority which is very valuable for clients operating in the financial industry.

Key clients

Alfred Berg Kapitalförvaltning AB

Fondo Solutions AB

Lysa AB

Spotlight Stock Market

Endeavour Mining Corporation

Work highlights

  • Advised investment firm Alfred Berg Kapitalförvaltning on a range of issues including the rules for investment advice, reception and transmission of orders and internal remuneration under the revised EU directive for markets in financial instruments.
  • Assisted Fondo Solutions AB with its application to the Swedish Financial Supervisory Authority to become authorised as a Swedish investment firm in accordance with the revised EU directive for markets in financial instruments.
  • Advising Lysa AB, a Swedish investment firm, on a range of issues, including the rules regarding suitability assessments and inducements under the revised EU directive for markets in financial instruments.

Morris Law

Björn Bjuggren leads the banking and finance team at Morris Law, which handles the breadth of financing transactions for companies in the real estate, manufacturing and other industrial sectors. Though predominantly acting for borrowers, the practice recently attracted new financial solutions and corporate services clients, which engage the team on direct loans and property acquisition financing arrangements. Associate Elin Jansson provides support across the range of mandates.

Practice head(s):

Björn Bjuggren

Other key lawyers:

Elin Jansson


Morris Law’s finance practice is boutique sized and therefore highly attentive and exceptionally client focused.

Morris Law’s client attention is a clear advantage over the more established/larger firms.

Björn Bjuggren is consistently delivering well thought-out advice and has a great understanding of clients’ businesses. His strong client focus and client attention also means that he can deliver high quality advice when other firms might not deliver at all, decreasing the lead times for internal discussions to a minimum.

This is a really pragmatic, hands-on team that works at an impressive pace and with a high quality. The are really good at driving a process forward and keeping their clients comfortable at any point. In particular, their market knowledge on bond issuance is very impressive.

Björn Bjuggren stands out for his in-depth knowledge of finance law, yet being extremely pragmatic and solution oriented. Also, he is always accessible and drives the process forward.

Very hands on with outstanding engagement in cases and their clients’ business developments. Available at all times and actively presents solutions – even when not asked.

Björn Bjuggren is highly valued for his work ethic and pro-activeness. He takes his own initiatives that are beneficial to his client.

Elin Jansson, Associate has an incredible work ethic, is always available and runs processes with a high degree of integrity.

Key clients

JOOL Markets AS/JOOL Corporate Finance

Maderna Corporate Services

Christian Berner Tech Trade AB

Slättö Förvaltning

Aareal Bank

Nordic Trustee & Agency

Work highlights

  • Advised JOOL Markets as corporate finance adviser for a direct loan to property developer Hultqvist Alfa AB for debt raised for property developments.
  • Advised Christian Berner Tech Trade on a SEK200m revolving credit facility with Skandinaviska Enskilda Banken AB.

Wigge & Partners

Wigge & Partners’ banking and finance team is led by Stefan de Hevesy and features key partners Lisa Antman and Anders Morén. Real estate and project financing are areas of strength, with instructions coming from financial lenders (including banking syndicates) and borrowers alike. Banks and private equity houses also regularly approach the team to handle acquisition financing transactions, with recent highlights in the property and transport sectors.

Practice head(s):

Stefan de Hevesy

Other key lawyers:

Lisa Antman Anders Morén


‘Part of a transactions-oriented law firm, the team is exceptionally trained in just that: deals and deal-related matters. The banking and finance team handles both corporate M&A and real estate, which makes them very versatile and broad versus other law firms on the market.’

‘Professional, low-key, business-oriented, relationship-oriented.’

‘Lisa Antman is a perfect sparring partner, not always sending an invoice, always able to give her views and suggestions even on short notice.’

Key clients

The European Central Bank

Bergvik Skog Väst AB

Credit Suisse International

Brunswick Real Estate

Procuritas Capital Investors VI Holding AB

Nyfosa AB

Eurocommercial Properties Sweden AB

Armada Credit Partners Oy

EQT Real Estate

LRF Konsult AB

Telavox AB

Altor Equity Partners

Carnegie AS


Willhem AB

Kvalitena AB

Skandinaviska Enskilda Banken AB

Kallebäck Property Invest AB


Work highlights

  • Advised a group of Nordic and international banks comprising Danske Bank, ING Belgium and Skandinaviska Enskilda Banken on the financing of Arlandabanan railway line and the financing of an acquisition of train sets.
  • Advised Areim Investment on a loan financing in connection with the acquisition of one of Stockholm’s most famous landmarks, Dagens Nyheter Tower.
  • Acted for a group of international lenders in connection with the $1.6bn revolving borrowing base finance facility provided to Preem AB.


Wistrand’s banking and finance team advises domestic borrowers and a selection of Nordic lenders. Hendrik Kangasmuukko and practice co-heads Håkan Lindgren and Kristofer Selvin focus on real estate and project financing work, notably for wind farm developments. Monica Petersson is the team’s expert in debt financing and syndicated loans; Ulf Forsman leads on export finance issues; and Nils Alpman adds strength to the financial regulatory offering.

Practice head(s):

Håkan Lindgren; Kristofer Selvin

Other key lawyers:

Hendrik Kangasmuukko; Monica Petersson; Ulf Forsman; Nils Alpman


‘Knows the market well. Straightforward and down to the point.’

‘We’ve worked with Monica Petersson for decades. She knows us and our needs. We get almost only partner attention for more or less the same money as other firms.’

‘Excellent knowledge in matters related to financial markets (funding programmes, derivatives contracts ISDA/CSA, regulations etc), as well as deep knowledge and understanding of our business. Access to specialists for specific issues that needs detailed information. Quick response when needed.’

‘Our key contact is Monica Petersson who always handles our issues in a very professional manner. She has a deep knowledge in financial markets where we are active and provides excellent support in all legal issues. She also provides easy-to-understand explanations to complex issues, and has a strong problem-solving approach to matters presented to her.’

‘We get quick and practical advice regarding our banking agreements. Also I feel that their competence is on an excellent level for our purposes.’

‘We work mainly with Monica Petersson. She is competent, very careful and accurate.’

‘Always reachable, dedicated, hands-on partners and competent associates.’

‘Very competent, diligent and friendly team. High level of experience.’

Key clients



AB Svensk Exportkredit

Catella Real Estate AG



Euroclear Sweden AB

Westdeutsche ImmobilienBank AG

Akademiska Hus AB

Danske Bank

PNC Bank, National Association

Credit Agricole Bank

SBB (Samhällsbyggnadsbolaget I Norden AB)


Mycronic AB

Work highlights

  • Advised Niam Nordic on an amendment to an equity bridge facility (committed, uncommitted and overdraft facility), provided by one of the major Nordic banks, in relation to the issuance of senior unsecured fixed-rate bonds by the client’s Luxembourg subsidiary.
  • Advised Samhällsbyggnadsbolaget I Norden on a SEK950m term, revolving and capex facilities agreement with Skandinaviska Enskilda Banken AB.
  • Assisted Fu-Gen AG and Abraxas Capital Management Limited through their subsidiary Fjällboheden Vind AB with the project financing of a wind farm in Sweden. The project covers the erection of 10 wind turbines with maximum height of 200 meters with estimated production amounting to more than 160GHw of renewable electricity per year.