Banking and finance in Sweden
Advokatfirman Cederquist KB acts for lender clients including international and domestic banks and other financial institutions. Johan Lundberg recently advised a number of banks on the refinancing of a real estate portfolio owned by Vectura, and assisted Danske Bank with a €116m senior facilities agreement established following FSN’s listing of Instalco. Svante Hultqvist, who jointly leads the team with Lundberg, has longstanding experience in the banking and finance sector; he was instructed by AIG as Swedish counsel on its financing of a significant residential real estate portfolio in Sweden, which is owned by D. Carnegie & Co. Per Henriksson joined the group from an in-house position at DNB Sweden, while Berndt Pettersson went to Advokatfirman Delphi.
Praised for its 'strong team with broad competencies across the entire range of financial services', Mannheimer Swartling has an established position in the market. The 'very experienced' André Andersson, who 'is always very curious and open to new constructive solutions for complex problems', and the 'outstandingly bright and solid' Thomas Pettersson lead the practice; the latter advised Bankomat on a Swedish law-governed €500m term and revolving credit facilities agreement with a bank syndicate. Daniel Karlsson is 'service minded and very skilled in the leveraged finance space', while Zoran Stambolovski focuses on acquisition, real estate, structured, and infrastructure financing; and Andreas Zettergren counts Scandinavian Airlines and Macquarie as clients.
Roschier's 'strong team has good capabilities and commitment' and is well versed in the banking and finance arena with expertise across bank lending, structured finance and asset-backed projects, as well as direct lending and fund finance. 'Well-reputed' practice head Johan Häger combines banking and insolvency expertise; he recently assisted Nordea Bank with the refinancing of Inwido. Fredrik Rydin also acted for IK Investment Partners regarding the acquisition financing of PwC Sweden's business service division. Other clients include Svenska Handelsbanken, Swedbank and J.P Morgan Securities. Harem Mahir's expertise encompasses corporate finance matters, restructurings and bond financings. Counsels Veronica Stiller and Carl Brodén are also noted.
The group at Advokatfirman Vinge handles the full spectrum of banking and finance matters and also advises on regulatory and compliance work. Praised for 'delivering excellent results', the teams in Stockholm, Gothenburg, and Malmö are led by Mikael Ståhl, Fredrik Sonander and Henrik Ossborn respectively. Recent highlights included advising Investor's subsidiary Patricia Industries on the financing of its acquisition of the Piab Group from EQT; the 'outstanding' Louise Brorsson Salomon and associate Linn Adelwald acting as Swedish counsel for Goldman Sachs on a cross-border financing relating to amendments to Perstorp’s bank and bond financing arrangements and an additional note issuance; and Albert Wållgren assisting Unilabs Group with the financing of its acquisition of AeskuLab Holding and Alpha Medical. Counsels Sofia Törnroth‑Nyberg and Anna Åhlberg joined the team from Baker McKenzie and Skanska respectively.
Clients praise the 'exceptional, proactive and competent team' at White & Case Advokat AB, which, thanks to its international network, is 'able to supply its clients with valuable insights across European markets' and is regularly engaged by domestic and foreign private equity firms, banks and corporates. Oscar Liljeson, who 'combines great commercial understanding with excellent attention and deal experience', assisted Altor with the acquisition financing of BTI, and Carl Hugo Parment and counsel Michael Bark-Jones acted for Quant as issuer on the initial issuance of €62.5m senior secured floating rate bonds and €28m junior fixed rate bonds. Other work highlights for the group included advising Nordea, Citibank and SEB on a term facility agreement made available to Tele2 to finance part of its merger with Com Hem Holding. Magnus Wennerhorn is 'an outstanding lawyer, whose sound advice and business acumen has made him a trusted adviser'.
Clients praise Advokatfirman Schjødt for its 'pragmatic approach to complex problems and excellent understanding of the business aspects of the financial services sector'. The team covers the full gamut of finance transactions and works closely with various other departments of the firm. The 'dependable and solution-oriented' Eric Halvarsson assisted Swedish Hospital Partners and its shareholders Skanska and Innisfree with the partial prepayment and refinancing of its debt facilities relating to the New Karolinska Solna hospital project. Practice head Fredrik Gillgren is also a key name to note, as is Per Gustaf Ekbom. Ulrika von Sivers, formerly a senior associate with the firm, is now with PwC.
The banking and finance group at Cirio Advokatbyrå AB has expertise in real estate, acquisition and project financings. The team is comprised of practitioners previously at Advokatfirman Lindahl KB including Pierre Pettersson and Dennis Luttropp Hansson, who are experienced in insolvency and restructuring matters. Jesper Johansson regularly advises lenders on property and infrastructure financings.
DLA Piper's practice is 'calm, thorough, experienced, and assists with a high level of attention'. Björn Sjöberg leads the team, which is active on the lender and borrower side in a wide range of banking and finance matters. In a recent highlight, the group advised SEB on the financing of its formation of a significant pan-Nordic portfolio of logistics properties managed by NREP. Carl Schwieler specialises in leveraged and structured finance work, while Marianne Ramel is experienced in acquisition and project finance; senior associate Joséphine Tessmar is also a key name to note.
Gernandt & Danielsson Advokatbyrå is well versed in acquisition financing work, refinancings and syndicated loans, and often acts on borrower-side mandates. Candra Torebring and Niclas Rockborn jointly lead the practice and are experts in financing transactions and regulatory matters respectively; Torebring assisted Oscar Properties and its subsidiaries with multiple financing transactions including advising on acquisition financing issues, construction facilities and bond financings. Other clients include Nordea Bank, Geely and Scandi Standard. Mikael Borg and Björn Svensson are also key practitioners.
Hammarskiöld is regularly instructed by financial institutions as legal counsel on investments in start-ups in Sweden's fintech community; the group also counts several public authorities as clients. Practice head Mattias Anjou assisted mortage lender Hypoteket Bolån Sverige with the establishment and structuring of a securitisation vehicle for the purpose of acquiring residential mortgage loans the client originated. Erik Fahlgren is experienced in acquisition finance matters and specialist counsel Josefin Lindstrand handles regulatory work; Lindstrand joined the team from Clearstone in 2018.
Led by Fredrik Olsson, the team at Hannes Snellman is experienced in leveraged acquisitions, corporate lending and restructurings. Olsson and managing associate Carolina Wahlby advised Catella Bank on the mezzanine financing of Tre Kronor Property Investment and its subsequent acquisition of a portfolio of grocery properties, and managing partner Paula Röttorp ssisted Nordea Bank with the refinancing of medical solutions company Mölnlycke.
Linklaters is regularly engaged by Nordic banks and has extensive experience in cross-border leveraged finance and restructuring transactions. The team is well integrated into the firm's international network and is led by the well-regarded Patrik Björklund; his recent work includes advising the Ovako Group on the refinancing of an international bond. Other clients include Swedbank, Nordea Bank and Triton. Managing associate Lina Fyhr is also a key name to note. Björn Bjuggren joined Osborne Clarke in 2018.
Setterwalls fields a team of 'highly competent and service-minded' lawyers, who are 'hardworking and reliable advisors with good technical drafting skills'. The group is jointly led by the 'fantastic' Åke Fors, Jesper Kuschel and Lennart Iwar, and is regularly engaged by foreign and domestic banks, financial institutions and corporate borrowers. Carl Lindencrona is also a key name to note, and the team was notably strengthened by the 2018 arrival of regulatory compliance expert Andreas Löfholm from an in-house role at PwC.
Advokatfirman Törngren Magnell's team is regularly instructed by Nordic banks, investment-grade borrowers and private equity funds, and stands out for its ability to 'to be on top of high-level matters'. The practice is jointly led by the 'available, detailed, and engaged' Cecilia Rudels and Tobhias Brandell. Work highlights included Rudels advising Skanska on its first syndicated green loan facility totalling €200m for construction projects in line with its green bond framework, and Brandell assisting Clavister with the negotiation of a financing contract with the European Investment Bank.
Baker McKenzie has strength in leveraged finance and debt capital market transactions, which regularly involve cross-border elements. Mats Rooth leads the department and was part of the international team, which assisted Proventus Capital Partners as lender with a financing agreement for the Santa Fe Group; he also advised LeoVegas on the €100m debt financing of its acquisition of Maltese company Web Investments. Capital market experts Joakim Falkner and Mathias Hansson are also noted.
Tord Svensson leads the team at Eversheds Sutherland, which welcomed new arrival Philip Heilbrunn from MAQS Advokatbyrå in 2019. The practice regularly handles international mandates and benefits from the firm's global network; it recently advised Invesco Real Estate on multiple project financing mandates. Barclays, NatWest, HSBC and Lloyds are also key banking clients.
Wigge & Partners fields a 'skilled and knowledgeable' team, which handles a variety of banking and finance matters including syndicated and bilateral loans, acquisition, structured and project finance transactions; and regulatory issues. Recent work includes advising Eurocommercial Properties on a loan from Aareal Bank for its acquisition of a shopping centre. Stefan de Hevesy, Anders Morén and Lisa Antman are the key contacts.
Wistrand has an established track record in export and real estate finance work, and regulatory advice, and also handles distressed asset financings and ship finance mandates. Tommy Grönberg and Anne-Marie Pouteaux lead the teams in Stockholm and Gothenburg respectively. Monica Petersson acted as Swedish counsel for PNC Bank, National Association on an international acquisition financing. Håkan Lindgren and counsel Ulf Forsman are also names to note.