Banking and finance in Sweden

Advokatfirman Cederquist KB

Under the leadership of Johan Lundberg, Advokatfirman Cederquist KB’s banking and finance practice continues to handle a range of high-profile and high-value transactions for a strong roster of borrower and lender clients. The group acts for domestic and international banks and has a strong financing practice, which has expertise in leveraged financing, real estate financing and investment grade financing, as well as work-outs and restructurings. Svante Hultqvist is a key name to note for project finance, acquisition finance and refinancing work, while Per Henriksson adds in-house experience to the team and acts for lenders and private equity sponsors across the Nordics.

Practice head(s):

Johan Lundberg


Other key lawyers:

Svante Hultqvist; Per Henriksson; Sebastian Karlsson


Testimonials

‘Probably the most experienced team in the Nordics, can handle any matter with excellence. No matter how complex your transaction is – CQ can handle it!’

‘Svante Hultqvist – No. 1 banking lawyer in the Nordics for the past 15-20 yrs when it comes to transactions! Unquestionable knowledge throughout!’

‘Johan Lundberg – very experienced transaction lawyer with whom you can trust any banking-related matter.’

‘Historically perhaps the strongest banking and finance team in the Swedish market and they continue to deliver.’

‘You can always rely on Johan Lundberg when it comes to delivery. Skilled lawyer with a good sense of what is really important and very nice to work with. His proactive approach to the client relationship is also much appreciated.’

Key clients

Nordea Bank Abp, filial i Sverige


DNB Bank ASA, filial Sverige


Swedbank AB


Skandinaviska Enskilda Banken AB


BNP


Svenska Handelsbanken AB


Goldman Sachs International


Deutsche Bank AG, London Branch


European Investment Bank (EIB)


Danske Bank A/S


Mannheimer Swartling

Mannheimer Swartling provides clients with a broad banking and finance practice, which has expertise in public offers and IPO financings, acquisition finance work, project financings, securitisations and restructurings. Thomas Pettersson heads up the team and is a key name for regulatory work, acting for Swedish and international financial institutions, insurance companies, banks and corporates. Daniel Karlsson acts for lenders, borrowers, arrangers and issuers on financing and restructuring matters and is well-versed in cross-border transactions, while Andreas Zettergren is recommended for project finance and export finance mandates. Gustav Glimblad and Susanne Fagerman were promoted to partner at the start of 2022, while Olof Stenström left the firm.

Practice head(s):

Thomas Pettersson


Other key lawyers:

Therese Jansson; Daniel Karlsson; Andreas Zettergren; Daniel Khayyami; Zoran Stambolovski; Gustav Glimblad; Susanne Fagerman


Testimonials

‘Great team from associate to partner level. Delivers on time. Attention to detail.’

‘Daniel Khayyami is outstanding.’

‘Well coordinated and knowledgeable team. The right person on the right level gives the advice.’

‘Knowledgeable both in their area of consultancy but also with an interest in our company and business. Dares to ask questions, reflects on the answers. Can often point to our other deals that may have something we should take into account.’

‘Excellent pro-activity and solution focus.’

‘Seamless teamwork between MSA individuals as well as the client.’

Key clients

SAS AB


Svenska Handelsbanken AB


Skandinaviska Enskilda Banken AB


Nordea Bank Abp., filial i Sverige


Swedbank AB


Storskogen Group AB


Summa Equity AB


Northvolt AB


Altor


Preem


Renewable Power Capital Limited


DNB Bank ASA


Nordic Investment Bank


Work highlights


  • Advised SAS in connection with a debtor-in-possession financing credit agreement for $700m with funds managed by Apollo Global Management.
  • Advised Svenska Handelsbanken and Skandinaviska Enskilda Banken AB on a SEK41.6bn public acquisition financing where the bridge facilities were used to finance part of Murgröna Holding’s public offer to acquire the shares in ICA Gruppen and repay certain existing indebtedness in ICA Gruppen.
  • Advised Preem in connection with the entry into an approximately $300m term facility with AB Svensk Exportkredit (the SEK Facility) and an amendment and restatement of its up to $1.6bn multi-currency revolving borrowing base facility.

Roschier

Praised as ‘market leading in all areas of financing with a deep understanding of prevailing market conditions’, Roschier is well known in the market for bank lending, fund finance, restructuring, insolvency and regulatory matters. ‘Superstar of finance in SwedenJohan Häger leads the team with considerable experience in large international debt transactions and a client roster which includes Swedish and international banks, private equity investors and corporations. Carl Brodén is another key name for finance work, including structured and project finance matters. Niklas Eriksson rejoined the firm from an in-house role, while Fredrik Rydin left for Rydin Advisory.


Practice head(s):

Johan Häger


Other key lawyers:

Harem Mahir; Frida Lantoft; Veronica Stiller; Carl Brodén; Niklas Eriksson


Testimonials

‘The team shows both great understanding of the technical and mechanical aspects of financing documentation and has a keen grasp of what truly matters in each specific transaction.’

‘What really sets the individuals at Roschier apart is that they are able to walk the fine line between being very detail-oriented and still being able to see the bigger picture and being pragmatic and solution-oriented.’

‘Very capable team in most areas of financing products.’

‘Niklas Eriksson and Frida Lantoft are standout up and coming legal advisers; both high energy, to the point and very productive and available.’

‘Market leading in all areas of financing with a deep understanding of prevailing market conditions, commercial reasoning.’

‘The complete package.’

‘Johan Häger is the superstar of finance in Sweden, when the transaction is complex, you do not want any other legal adviser.’

‘Carl Brodén is exceptionally brilliant when dealing with intricate restructuring deals.’

Key clients

Skandinaviska Enskilda Banken


Svenska Handelsbanken


Nordea Bank


Swedbank


DNB Bank


SBAB Bank


Danske Bank


Pareto Securities


Accent Equity


ABG Sundal Collier


Carnegie


Arctic Securities


Polaris


Adapta


Brunswick


EQT


Work highlights


  • Acting as legal adviser to Brunswick Real Estate AB as borrower in connection with a SEK1.25bn profit participation facility for its newly established property portfolio Bohild.
  • Acting as lead legal adviser to Phillip Morris International and its subsidiaries in respect of the bridge facility and subsequent term loan facility arranged by Bank of America Merill Lynch and Citibank for the purpose of financing Philip Morris Holland Holdings B.V.’s (an affiliate of Philip Morris International Inc) recommended public cash offer for all shares in Swedish Match AB.
  • Acting for Carnegie and investment company Altaal, through its investment company Green Yield, on the acquisition of an office property in Helsinki under its brown-to-green impact investment strategy.

Advokatfirman Schjødt

Under the leadership of Eric Halvarsson, Advokatfirman Schjødt’s banking and finance practice, which is integrated across Sweden and Norway, continues to advise clients on finance transactions and restructuring and insolvency work. It has notable expertise in real estate financing and cross-border leveraged acquisition financing mandates and has recently seen an uptick in instructions pertaining to venture capital financing. Halvarsson acts for direct lending funds, corporate borrowers and private equity sponsors on a range of structured finance products and debt restructurings. The team was recently bolstered by the arrival of Peter Svanqvist from White & Case Advokat AB, who excels in cross-border leveraged finance work.


Practice head(s):

Eric Halvarsson


Other key lawyers:

Ida Westermark; Peter Svanqvist


Key clients

P Capital Partners


Deutsche Pfandbriefbank AG


Ture Invest


Pandox Aktiebolag


Setterwalls

Setterwalls fields ‘an excellent team which delivers on time and provides clear advice on complex issues’. Its broad practice has expertise ranging from complex and bespoke syndicated loan agreements to regulatory matters and debt financing work, among a host of other areas. The team is jointly led by Mikael Magnusson, Jesper Kuschel and infrastructure and energy specialist Jonas Frii. Magnusson is ‘attentive to details and solution-oriented’ and acts for major Nordic banks and financial institutions on leveraged finance, real estate finance, refinancing and investment grade finance matters, while Kuschel is a key name for transactions in the real estate sector. Veteran practitioner Åke Fors brings decades of experience to banking and finance and insurance matters. Counsel Andreas Löfholm left for an in-house role.

Practice head(s):

Mikael Magnusson; Jonas Frii; Jesper Kuschel


Other key lawyers:

Carl Lindencrona; Åke Fors; Tobias Björklund


Testimonials

‘Mikael Magnusson and Carl Lindencrona are both excellent advisers in loan financings and extraordinarily attentive both to details and client needs.’

‘Great communication during the process which is very important.’

‘Easy to work with and understands the client needs.’

‘Excellent team which delivers on time and provides clear advice on complex issues.’

‘Stands out on small to mid-size M&A/corporate loans and real estate financings.’

‘Setterwalls is probably the most value for money law firm in the Stockholm market for banking and finance legal services.’

‘Mikael Magnusson is attentive to details and solution-oriented.’

‘You always feel that the transaction is in good hands.’

Key clients

Swedish Central Bank


The Seventh Swedish National Premium Pension Fund (AP7)


The Fourth Swedish National Premium Pension Fund (AP4)


Swedish Government


Walleniusrederierna


Arise AB


Swiss Life Asset Managers Nordic AS


Danske Bank


Banco Santander SA


Bulten AB


Swedbank AB


Skandinaviska Enskilda Banken AB


Svenska Handelsbanken AB


Nordea


Helaba


Volvo Treasury AB


Work highlights


  • Advised Nordisk Bergteknik in connection with a total refinancing of existing loan facilities and a full bond loan recall in connection with an initial public offering of the shares of Nordisk Bergteknik on Nasdaq Stockholm.
  • Acted as legal counsel for Thunderful Group AB in relation to entering into a €55m secured multi-currency revolving credit facility agreement with Danske Bank.

Advokatfirman Vinge

Advokatfirman Vinge advises lenders and borrowers on a broad range of financing deals and brings ‘substantial strength in depth to the largest and utmost business-critical regulatory matters’. Mikael Ståhl heads up the practice and is well versed in syndicated loans, asset backed financing work, securitisations, LBO financings and project and export financings. Louise Brorsson Salomon acts for the Swedish government, multinational companies, banks and private Swedish companies on domestic and international financing transactions; Albert Wållgren also has considerable expertise in financing transactions and adds in-house experience at the European Investment Bank to the team.

Practice head(s):

Mikael Ståhl


Other key lawyers:

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


Testimonials

‘Vinge’s financial services practice is able to bring substantial strength in depth to the largest and utmost business-critical regulatory matters, while assisting clients with regulatory transactions or SFSA actions.’

‘The broad experience on the principal cases in the sector is good, combined with a commercial perspective, which makes the team solution-oriented, client-friendly and responsive.’

‘The team holds a very strong position in the Swedish regulatory market and is a noticeable choice for domestic and international top-tier clients.’

‘Emma Stuart-Beck is a well-known and sought-after adviser within the Swedish financial services sector.’

‘Henrik Ossborn is a great lawyer to work with in Sweden – very efficient, quick and always to the point.’

‘The go-to team for all regulatory issues within the financial services industry.’

‘They are swift and provide hands-on advice.’

‘Emma Stuart-Beck truly understands the full scope of the problem at hand – she is an outstanding financial regulatory lawyer.’

Key clients

European Investment Bank (EIB)


Helaba


Citibank


Barclays


Standard Chartered Bank


Royal Bank of Canada


Credit Agricole


HSBC


Goldman Sachs


Morgan Stanley


JP Morgan


Deutsche Bank


Swedbank


Nordea


Svenska Handelsbanken AB


EQT


Fidelio Capital


Autoliv


Investor AB


Randviken Fastighet AB


DNB Bank


NatWest Markets N.V.


Vimian Group AB


Klarna Bank AB


Work highlights


  • Acted for Embracer, one of the largest gaming companies in Europe with 69 internal game studios and more than 7000 employees and contracted developers in more than 40 countries worldwide, in connection with (1) its entry into a new SEK6bn revolving credit facility and simultaneous refinancing of its existing SEK3bn facilities agreement and (2) its entry into a SEK18bn facilities agreement for the purpose of acquiring the French Asmodee group from PAI Partners SAS.
  • Acted for Allianz Real Estate (through Allianz Finance IX Luxembourg S.A.), one of the world’s largest real estate investment managers, in connection with a new SEK15.8bn debt financing of Heimstaden Eagle AB, a joint venture between Allianz Real Estate and Heimstaden Bostad AB.
  • Advised the Cibes group in connection with a SEK1.25bn committed and SEK600m uncommitted term and revolving facilities agreement with Nordea Bank Abp, filial i Sverige as lender.

White & Case Advokat AB

White & Case Advokat AB provides ‘a highly competent professional service’ and has considerable experience in domestic and cross-border transactions. In addition to its debt finance expertise, the firm is strong in the ancillary areas of corporate and capital markets and utilises this strength to assist clients with acquisition finance work, IPOs and bond issuances. The team is jointly led by Carl Hugo Parment, Magnus Wennerhorn and Oscar Liljeson; Parment is recommended for debt capital markets transactions and acts for both lenders and borrowers on domestic and international transactions, Wennerhorn handles corporate and regulatory matters, and Liljeson is a key name to note for leveraged finance issues, IPO financings and restructurings, among other areas.

Practice head(s):

Carl Hugo Parment; Magnus Wennerhorn; Oscar Liljeson


Other key lawyers:

Michael Bark-Jones; David Tayler


Testimonials

‘Highly competent professional service and always available.’

‘Individual level of competence with a very high understanding of our business.’

‘Their level of effective collaboration stands out compared to others.’

‘Pragmatic and proactive.’

‘Balancing a commercial approach with sound risk management.’

‘Their diversity with representation in different jurisdictions as required is a plus.’

‘The team continues to deliver at an absolute top level with its breadth of excellent lawyers. One of several distinguishing factors compared to all others in the Swedish market is that they are able to provide global advice and benchmarks, and not just local aspects.’

‘We turn to them for global insights and guidance to help us grow our business, a fact which I think is immensely valuable for any business out there seeking to expand.’

Key clients

Accent Equity Partners


Adelis


Altor Equity Partners


Bygghemma Group


Cloetta


Danske Bank


DNB Bank


EQT


FSN Capital


Goldman Sachs


Greenfood


H&M Hennes & Mauritz


IK Investment Partners


Impilo


Klarna Bank


Nobia


Nordea Bank


Nordic Capital


Oatly


Pareto Securities


Skandinaviska Enskilda Banken


SSAB


Summa Equity


Swedbank


Swedish Export Corporation


Trill Impact


Valedo Partners


Pagero Group


Alder


Epiroc


Atlas Copco


ABG Sundal Collier


Stifel


Work highlights


  • Advised a number of private equity sponsors, such as FSN Capital, Nordic Capital and Valedo, on IPOs and related IPO financings for portfolio companies.
  • Advised FSN Capital and its portfolio company, ViaCon Group AB, on its issuance of €100m floating rate senior secured bonds due 2025.
  • Advised Pareto Securities AS as sole bookrunner on the issuance by Cabonline Group Holding AB of up to SEK1.8bn senior secured sustainability-linked floating rate bonds due 2026.

Baker McKenzie

Baker McKenzie leverages its international network for support with cross-border transactions, providing Nordic clients with easy access to international markets. Key areas of focus for the practice, which is led by Mats Rooth, include leveraged finance matters, restructurings and debt capital market transactions; Rooth is particularly strong in acquisition finance issues pertaining to private equity transactions and acts for domestic and international borrowers and lenders. Associate Georg Jonsson is also a key contact for financing work.

Practice head(s):

Mats Rooth


Other key lawyers:

Camilla Holmkvist; Markus Meuller; Georg Jonsson; Gustaf Erlandsson


Testimonials

‘Mega-responsive and quality advice – our first port of call for Swedish law issues.’

‘Mats Rooth is phenomenal – the best in the business.’

Key clients

Standard Chartered Bank


FSN Capital


P Capital Partners


Husqvarna


Ture Invest


Ark Kapital


SEB


Nordea Bank


Capital Four


Nest Capital


Work highlights


  • Advised Standard Chartered Bank as the Global ECA Coordinator, Mandated Lead Arranger, Structuring Bank and Green Loan Coordinator, Eksport Kredit Fonden (EKF, the Danish ECA), Swedish Export Credit Corporation (SEK), Exportkreditnämnden (EKN, the Swedish ECA) and a number of commercial lenders on its signing of a landmark €1.24bn green financing for the Ministry of Treasury and Finance of Turkey to fund the development of a new high-speed railway line.
  • Acted as legal adviser to FSN Capital VI* in connection with the financing of its investments in OptiGroup, Hygas TPC and BFG to create a European Champion in business-to-business distribution.
  • Acted as legal adviser to PCP which provided a term-loan to the owner of an Incat-built high-speed catamaran, Incat hull 093, known as Volcán de Taidía.

Cirio Advokatbyrå AB

Cirio Advokatbyrå AB’s banking and finance team is led by Dennis Luttropp Hansson and is well known in the market for its project finance work in the energy and infrastructure sectors, with a particular focus on the distribution, renewables and gas industries. The group acts for both domestic and international sponsors and lenders and is well versed in the issuance of high-yield bonds, green bonds, sustainability linked bonds, hybrid bonds and investment grade corporate bonds. Hansson is supported by Jesper Johansson and both are key names for financing work, including real estate, project and infrastructure financing mandates.

Practice head(s):

Dennis Luttropp Hansson


Other key lawyers:

Jesper Johansson; Carl Axel Morvay


Testimonials

‘Knowledgeable but still very commercial. Able to assist in finding solutions.’

‘Dennis Luttropp Hansson is always excellent. Solid local knowledge, a pleasure to work with and always super responsive.’

Key clients

Swedbank


DNB Bank


SEB


The Swedish National Debt Office


Deutsche Pfandbriefbank


Sagax


HELABA


Aareal Bank


Humlegården Fastigheter


MaxFastigheter


Arctic Securities


Elekta


BEWI


Rabobank


CME Group


Norddeutsche Landesbank


Munters Group


Vitrolife


Downing


Scandinavian Biogas


Work highlights


  • Advised global private equity company TA Associates on its SEK2.5bn investment in Söderberg & Partners.
  • Advised Scandinavian Biogas on its issuance of SEK700m senior secured green bonds and SEK300m super senior revolving credit facility.
  • Advised listed company John Mattson on its SEK2.2bn financing of the acquisition of a residential property portfolio.

Advokatfirma DLA Piper Sweden KB

Advokatfirma DLA Piper Sweden KB is well placed to handle cross-border transactions and financings by virtue of its large global network. The firm acts for high-profile Nordic and international banks and financial institutions and borrower clients, with particular strength in project finance matters pertaining to the renewable energy sector. Carl Schwieler heads up the practice and is a name to note for leveraged and structured finance work, as well as regulatory and compliance matters, while Joséphine Tessmar is recommended for leveraged, real estate and acquisition financings, and syndicated lending issues.

Practice head(s):

Carl Schwieler


Other key lawyers:

Björn Sjöberg; Mikael Kövamees; Joséphine Tessmar; Marianne Ramel


Key clients

Ares Management


Savills Investment Management


Swedbank


AddSecure Acquisitions


Round Hill Capital


STG Partners


Energy & Infrastructure Partners


National Westminster Bank


Norddeutsche Landesbank Girozentrale


Luxcara


M&G Investments


NTR


Eversheds Sutherland

The banking and finance team at Eversheds Sutherland ‘always delivers beyond expectations’ and is fully integrated into the firm’s global practice group, utilising its strong financing and regulatory expertise and notable experience in the real estate and aviation sectors. The team is jointly led by Philip Heilbrunn and Tord Svensson, with Heilbrunn a key name for debt, equity and lease financings and Svensson recommended for cross-border real estate finance mandates. Senior associate Mattias Dacker is another name for financing matters and also has considerable experience in the fintech space.

Practice head(s):

Philip Heilbrunn; Tord Svensson


Other key lawyers:

Mattias Dacker


Testimonials

‘Always deliver beyond expectations and you can be sure that you will receive value for the money.’

‘They ensure that what is delivered from the firm in other countries is well put together and quality is assured.’

‘Great lawyers in a difficult legal market.’

‘Philip Heilbrunn: Strong partner, calm, very structured.’

Key clients

Invesco Real Estate


Barclays Bank plc


IATA – International Air Transport Association


HSBC Bank plc


BlackRock Investment Management


Nordea Finans Sverige AB


Tessin Nordic AB


Credit Suisse AG


GEFA Bank


Banco Santander


LaSalle Investment Management


DWS


CIBC – Canadian Imperial Bank of Commerce


Schroders AM


Savills


Bayerische Landesbank


The Royal Bank of Scotland


Work highlights


  • Acted as DWS Group GmbH & Co KGaA’s (DWS) counsel in the negotiations of a hybrid construction loan facility with Bayerische Landesbank for the purpose of financing DWS’s Swedish SPV’s development of a logistics building located in Eskilstuna.
  • Represented Tessin Nordic in relation to fund, finance, security, agency and capital markets matters in relation to transactions arranged by Tessin, including the structuring of a fund and issuance of a secured SEK150m profit sharing loan debentures to investors.
  • Advising UK investor SigmaRoc PLC on acquisition financing required for its Nordic landmark transaction acquiring Nordkalk.

Gernandt & Danielsson Advokatbyrå

Gernandt & Danielsson Advokatbyrå handles the full range of banking and finance matters, and has considerable experience in acquisition financings, refinancing work and syndicated loans. Björn Svensson is a key name for corporate, leveraged and asset-backed finance work, particularly on the borrower side, while Sofie Victorsson, who is dual-qualified in Sweden and England and Wales, is well versed in cross-border transactions. Mikael Borg handles syndicated bank loans and Niclas Rockborn is recommended for regulatory matters. Mikael Bolling was recently promoted to partner and Candra Torebring left for Nybron Advokater KB.

Practice head(s):

Björn Svensson; Sofie Viktorsson; Niclas Rockborn; Mikael Borg


Other key lawyers:

Mikael Bolling


Testimonials

‘Gernandt & Danielssons’ Banking and Finance practice is by far the best buy side practice in Sweden – no other law firm comes even close. The reason for this is the profound knowledge of the buy side financial industry and the rules and regulations of it.’

‘Their commitment to extremely high quality in everything they do and their good repute with the Financial Supervisory Authority is unique and is a real asset to their clients.’

‘Extremely experienced and skilled in asset management-related issues – especially when it comes to regulations and interactions with the Swedish Financial Supervisory Authority.’

‘Niclas Rockborn is highly accessible, very creative and solution-oriented and has a rather laid back approach which makes him very easy to interact with.’

‘Great accuracy and outstanding commercial relevance.’

Key clients

Fasadgruppen Group AB


Ratos AB


Volati AB


Karnov Group AB


OX2


Transcom


ICA


INEOS


Altor


Aarke


DLG


Nynas


Nordstjernan Kredit KB


Project Nature


Antiloop AB


Adelis Equity Partners


Lunar Bank


Orrön Energy


Axcel Management A/S


Svea


Work highlights


  • Advised ICA-handlarnas Förbund on the SEK39.6bn term and revolving bridge credit facilities agreement established in connection with the recommended public take-over offer of ICA Gruppen AB and the SEK22.5bn syndicated term and revolving credit take-out facilities agreement which partially refinanced the bridge facilities.
  • Acted as Swedish counsel to DLG in connection with its €550m sustainability linked revolving credit facility agreement.
  • Advising Adelis in connection with the fund raising of a new Adelis fund.

Hammarskiöld

The banking and finance team at Hammarskiöld is led by Mattias Anjou and includes the very experienced Per Gustaf Ekbom and Rasmus Fahlén. The group is particularly strong in bank and direct lending, regulatory matters, leasing work, asset and project finance mandates, restructurings and capital markets work, acting for financial institutions, debt funds, corporates, issuers and real estate companies. Anjou is a key name for regulatory matters and the team is experienced in both domestic and cross-border deals, often working in tandem with large international law firms.

Practice head(s):

Mattias Anjou


Other key lawyers:

Per Gustav Ekbom; Rasmus Fahlén


Testimonials

‘The team is very competent within financial law and has all the competencies needed for bonds, loans but also more difficult subjects within that area.’

‘Top of the line and well in front of other larger Swedish firms. Can recommend them!’

‘Great coverage. Always available. You never get the feeling that you disturb them. If they do not answer the phone you know that they will call you back. Great guys!’

‘Very good to be able to pick up the phone and have a brief discussion/brainstorm without having to do it as an actual matter.’

‘They are often able to deliver good advice in an easy format and always have a good relationship with the customer.’

‘Sometimes 30 minutes of talking different aspects through with Per Gustav Ekbom is enough to get on the right track. He is very knowledgeable and pragmatic in his approach to giving advice and solve problems. He is very easy to get along with and always want the best for his clients.’

‘Matthias Anjou is very knowledgeable in the FSA’s (Finansinspektionens) way of working. Good to have his input in what approach to take.’

Key clients

Citibank


Mastercard Europe


The Swedish Pensions Agency


Skandinaviska Enskilda Banken (SEB)


BNP Paribas


Svensk Exportkredit – SEK (Swedish Export Credit Corporation)


KfW-IPEX Bank


DEKA Bank


Fabege


Hypoteket Bolån Sverige AB


Scandinavian Credit Fund


Joh. Berenberg, Gossler & Co


Stenvalvet


Societe Génerale


Rockton Aviation Holding


Nystart Finans


Lunar Bank A/S


Froda AB


Svenskt Industriflyg


Siemens Financial Services


Beacon Rail


Strukturinvest Fondkommission AB


Tagehus Holding


Zensum AB


Vacse AB


Nordic Factoring Fund


Hypoteket Fondförvaltning Sverige AB


Sunna Group


Kvalitena AB


Work highlights


  • Advised listed company Vestum on its establishment of a secured and guaranteed SEK600m revolving credit facility, tailored to the SEK1.5bn unsecured bonds that Vestum issued previously.
  • Advised the lenders SEK, DekaBank and KfW IPEX on a €300m 372 MW wind farm project financing.
  • Advised Hypoteket Bolån in relation to the set up and structuring of Hypoteket’s third securitisation vehicle in the amount of SEK15bn.

Hannes Snellman (Sweden)

Hannes Snellman (Sweden) has a strong focus on financing, insolvency, restructuring and regulatory work and the team is led by Fredrik Olsson. Historically, the firm has been known to act for borrower clients and more recently has shifted its focus to advising mainly European banks and other lenders such as debt funds. Olsson is a key name to note for high-yield bonds, leveraged buy-outs, real estate financings, corporate lending work and asset finance issues; Carolina Wahlby is another name for financing transactions. In late 2021, Joel Montin joined as counsel from an in-house role, while Paula Röttorp left for an in-house role.

Practice head(s):

Fredrik Olsson


Other key lawyers:

Carolina Wahlby; Joel Montin; Maria Orrgard


Testimonials

‘Maria Orrgard and team gave us good advice, worked swiftly and pragmatically.’

Key clients

PCP IV AB


Skandinaviska Enskilda Banken AB


Svenska Handelsbanken AB


Stirling Square Capital Partners LLP


Valedo Partners Fund II AB


EQT


CapMan


Aktiebolaget SL Finans


CORDET Lending II S.À R.L.


Dustin Group


KLAR Partners


Eltel AB


Work highlights


  • Acting as lead counsel to P Capital Partners IV AB on its loan facility to Kry.
  • Advised KLAR Partners on its fund financing for the acquisition of Oleter Group.
  • Acted as lead counsel to MEKO AB on two separate financing transactions.

Linklaters

Linklaters’ Swedish banking practice is led by Patrik Björklund and is well regarded in the market for handling finance and restructuring transactions, structured finance work and high-yield bonds. It has the ability to advise clients on English and Swedish law and other key areas of focus for the practice include leverage finance, real estate finance and corporate lending issues, as well as regulatory matters. Björklund acts for banks, funds and securities institutions in relation to regulatory issues and often handles cross-border transactions.

Practice head(s):

Patrik Björklund


Testimonials

‘Patrik Björklund is very experienced and provides sound and solid advice. Has has managed to build a strong team in the Stockholm office.’

‘While the firm provides solid advice on domestic transactions it has an advantage in also being able to provide international advice and it is a very well-known and trusted adviser globally which makes it easy to engage in multi-jurisdictional settings.’

Key clients

Skandinaviska Enskilda Banken AB


Triton


Nordea Bank Abp


Svenska Handelsbanken AB


Swedbank AB


Danske Bank AB


DNB Bank ASA


EQT


GLL Real Estate Partners GmbH


CBRE Europe Value Partners 2 SCSp SICAV – RAIF


Barings Real Estate Advisers Europe Finance


Atos Medical Group Holding AB


Akelius Residential Property AB


Euroclear Belgium SA/NV


Ørsted A/S


State Bank of India


Work highlights


  • Advised IK Investment Partners as selling shareholder and Netel Holding AB as issuer in connection with the listing of Netel Holding AB, a Swedish construction and civil engineering company, on NASDAQ Stockholm.
  • Advised a private equity company on the issuance of Senior Secured Callable Floating Rate Bonds due 2026 to finance the acquisition of a leading provider of offshore wind turbines; and a refinancing multi-currency facilities agreement for this renewable energy company and its subsidiaries.
  • Advised Red Rock Power and CapMan Infra on a €180m refinancing for their 241MW Overturingen onshore wind farm in Sweden.

TM & Partners

TM & Partners provides clients with ‘a very professional, yet very friendly and uncomplicated approach’. The firm advises high-profile banks, financial institutions, funds and major borrowers, as well as acting as local counsel for large international law firms on a broad range of domestic and cross-border financing transactions, including debt capital markets. Cecilia Rudels co-heads the team and is well versed in financing transactions in the real estate and infrastructure sectors. Tobhias Brandell, who also leads the team, is another key name for financing work, while Eva Sundling handles regulatory issues.

Practice head(s):

Cecilia Rudels; Tobhias Brandell


Other key lawyers:

Eva Sundling


Testimonials

‘Quick and responsive.’

‘Always ready for new cases and opportunities, and provides a stable and solid framework on any case.’

‘Easy access, high quality, and detail oriented.’

‘Never any doubt, and reliable advice.’

‘The team has shown excellent expertise and has reacted every time we had an inquiry within a very short period of time.’

‘The individuals have a very professional, yet very friendly and uncomplicated approach towards the clients.’

‘TM & Partners is my preferred law firm to work with. They always respond quickly, give good feedback/advice, and always deliver on time.’

‘They are positive people who enjoy their work. Partner Eva Sundling is very competent, easy to work with and has a positive attitude.’

Key clients

Alma Property Partners


Banco Santander S.A.


Danske Bank


Kungsleden AB


NatWest


Nordea Bank AB


NREP AB


Nykredit


Samhällsbyggnadsbolaget i Norden AB


SBAB Bank AB


Skandinaviska Enskilda Banken AB (SEB)


Svenska Handelsbanken AB


Swedbank AB


Work highlights


  • Advised Nordea Bank in connection with the financing of a public offer made by Castellum to the shareholders of Kungsleden, to acquire all shares in Kungsleden for approx. €2.65bn.
  • Acted as lead counsel to the international bank syndicate including, among others, JP Morgan, Goldman Sachs, BNP Paribas, Nordea, Danske Bank, Swedbank and SEB in connection with the financing of Storskogen’s IPO (a €1bn credit facility).
  • Acted as Swedish counsel to the Mandated Lead Arrangers (Banco Santander S.A. and National Westminster Bank Plc) in connection with the financing of a public offer made by Basalt Infrastructure Partners (through Ride BidCo AB) to the shareholders of Nobina AB (a company listed on Nasdaq Stockholm) for approx €930m.

Bird & Bird

Bird & Bird‘s Swedish finance and financial regulation offering is integrated into the firm’s international team and is well placed to handle both domestic and international work; it counts commercial banks, international development banks, investment banks, funds, multilateral banks and other financial institutions on its client roster. Mirja Sikander joined the practice from Advokatfirman Cederquist KB in late 2023 to lead the practice.

Practice head(s):

Mirja Sikander


Key clients

Monterro


Livförsäkringsbolaget Skandia, ömsesidigt


Nyfosa


Reichmuth & Co


TAG (Trust Anchor Group)


Stripe


Danske Bank A/S, Danmark, Sverige Filial


DNB Bank ASA Filial Sverige


Work highlights


  • Advised Danske Bank A/S, Danmark, Sverige Filial, on a €55m secured revolving multi-currency credit facility made available for Thunderful Group AB.
  • Advised Swedish listed real estate company Nyfosa AB on the financing of the acquisition of a Finnish property portfolio consisting of 43 properties.
  • Advised DNB Bank ASA in connection with a secured construction bridge financing of a wind farm with capacity of 134.4 MW in Sweden.

Harvest Advokatbyrå

Harvest Advokatbyrå stands out in the market for its focus on advising financial institutions, banks and start-ups on regulatory and compliance matters. The team, which is led by Gustav Sälgström and Björn Wendleby, maintains a close relationship with the Swedish Financial Supervisory Authority and Wendleby is recommended for financing projects, sustainable finance issues, sustainability regulation and anti-money laundering matters.

Practice head(s):

Gustav Sälgström; Björn Wendleby


Testimonials

‘They always look at the bigger picture, both within and outside the financial sector.’

‘Good market knowledge and attentive to their clients needs.’

‘Strong legal capabilities and high specialisation in the fund services space.’

‘I work with Björn Wendleby and have done for a long time. Björn has a strong practical understanding of the fund management business and is excellent at finding commercial solutions. Since we have worked together for a long time he also has a good understanding of our business. Availability is very good also and delivery is on time and on point.’

‘I worked with the finance regulatory team on a time and otherwise sensitive regulatory filing in Sweden and the team was highly responsive, fully knowledgeable and had good professional access to the regulator to move the file to a successful outcome in time.’

‘Gustav Salgström was very responsive and was able to organise a constructive and meaningful dialogue with the regulators.’

‘This practice has excellent knowledge of the local financial services regulatory regime in Sweden and provides swift and pragmatic advice. Their responsiveness makes them stand out in the market.’

‘Working with Gustav Salgström is a pleasure. He knows what he is talking about, is super responsive, flexible and engaging. I would not go to any other law firm in Sweden for financial regulatory matters.’

Key clients

Handelsbanken AB


Skandinaviska Enskilda Banken AB


Swedbank AB


Nordnet Bank AB


HSB Finansstöd AB


TF Bank AB


SEB Investment Management AB


Klarna Bank AB


Freetrade Europa AB


Kameo Svensk Filial


Carnegie Fonder AB


Global X Digital Assets Issuer Limited


Work highlights


  • Providing SEB Investment Management AB with legal and regulatory advice on a continuous basis.
  • Providing legal and regulatory advice to Bankgirocentralen BGC AB on a continuous basis.|
  • Assisting Nordnet Bank AB with its application (through a subsidiary) for authorization as an AIF manager and UCITS-manager in Sweden and in the process also starting 16 new UCITS-funds and one AIF fund.

Advokatfirman Lindahl KB

The banking and finance practice at Advokatfirman Lindahl KB has considerable experience in domestic and cross-border finance transactions. In particular, the practice is well regarded for leveraged acquisition finance work, real estate financings, restructurings, general corporate lending issues, refinancings, project finance mandates and debt capital market transactions, among other areas. Sten Gejrot and Fredrik Gillgren jointly lead the team.

Practice head(s):

Sten Gejrot; Fredrik Gillgren


Other key lawyers:

Peter Bäverlid


Testimonials

‘Sten Gejrot, having also worked in-house at a bank, is bright, commercial and effective on finance matters.’

‘The team at Lindahl is fast-moving, adapting to any changes and very collaborative.’

‘The individuals at Lindahl are knowledgeable and experienced, giving you advice along the process and are straight-forward in their communication. Good all-rounders.’

Key clients

Roadbridge Limited


Nykredit Realkredit A/S


K2A Knaust & Andersson Fastigheter AB


Palette Life Sciences AB


Collector Bank AB


Intesa Sanpaolo S.p.A.


AMRA Medical AB


Sequent Management AB


Mavenoid AB


House of Control Group AS


LSTH Svenska Handelsfastigheter AB


Swedish Logistics Property AB


Beijer Alma AB


Nykredit Bank A/S


Ystad kommun (municipality of Ystad)


Scope Capital


TMF Group Sweden


Keystone Academic Solutions AS


HR-friend MidCo AS


Volito AB


Nordea Bank Abp, filial i Norge


Governor and Company of the Bank of Ireland


Canadian Imperial Bank of Commerce


Work highlights


  • Advised Nordea Bank Abp, filial i Norge and Governor and Company of the Bank of Ireland on a secured €33.4m credit facility for the refinancing and bareboat chartering of vessels.
  • Advised Nykredit Realkredit A/S on a secured multi-borrower SEK732.8m acquisition financing facility for a listed real property company.
  • Advised House of Control Group AS on a secured debt financing facility.

Magnusson Sweden

Magnusson Sweden has a strong focus on regulatory and compliance matters and acts for banks, investment houses, fund companies, payment services institutions, insurance companies and insurance brokers. Robert Karlsson heads up the team and has deep knowledge of European legislation, such as the Markets in Financial Instruments Directive and the Insurance Distribution Directive. Caroline Landerfors is recommended for regulatory matters, and commercial and contractual issues.

Practice head(s):

Robert Karlsson


Other key lawyers:

Caroline Landerfors


Testimonials

‘Robert Karlsson was very knowledgeable, quick to understand issues and drives, and practical in laying out solutions.’

‘We were extremely pleased with the assistance we got from Robert Karlsson.’

‘Robert Karlsson has first-rate knowledge of both the theoretical and practical aspects of financial services regulation and a clear true north on the most appropriate way to deal with matters.’

Key clients

Fondo Solutions AB


Lysa AB


Spotlight Stock Market


Söderberg & Partners


Amudova AB


Alfred Berg Kapitalförvaltning AB


Linkexec Limited (trading as Connectd)


Airfill Prepaid AB


Alpcot AB


Work highlights


  • Providing ongoing regulatory and strategic advice in relation to Fondo Solutions’ investment services operations, and other commercial issues such as co-operation arrangements and trade names.
  • Regularly providing advice to the investment company Lysa AB on a range of issues, including the rules regarding suitability and appropriate assessments, inducements, conflicts of interest, product governance and information to customers under the revised EU directive for markets in financial instruments.
  • Regularly assisting Spotlight Stock Market, a Swedish multilateral trading facility, with legal reviews and other matters in connection with listings of shares on Spotlight Stock Market’s trading facility.

Wigge & Partners

Wigge & Partners’ banking and finance team is led by Lisa Antman, who is dual-qualified in England and Wales and Sweden, and has previously worked in-house at the European Investment Bank. Key areas of focus for the practice include loan financings, including those involving bilateral and syndicated loans as well as structured financing, project financing, acquisition financing, export financing and real estate financing mandates. The group also handles regulatory issues pertaining to finance and capital markets work.

Practice head(s):

Lisa Antman


Other key lawyers:

Stefan de Hevesy; Anders Morén


Key clients

Altor


Areim


EQT Real Estate


Procuritas Capital Investors VI Holding AB


Credit Suisse International


European Central Bank


Bluestep Bank


Nyfosa AB


Brunswick Real Estate


European Investment Bank


Willhem AB


Kvalitena AB


Gränges AB


Rabbalshede Kraft AB


Citibank


Brofund Equity AB


Armada Credit Partners Oy


Svenska Handelsfastigheter


Holmström Fastigheter Holding AB


Work highlights


  • Acted for an international firm as local legal adviser to certain lenders in connection with the financing of EQT’s acquisition of Envirotainer.
  • Acted as legal adviser to Citigroup Global Markets Europe AG in connection with Preem Holding AB’s issuance of a secured bond in a total amount of €340m, with a maturity date on 30 June 2027.
  • Advised Rabbalshede in connection with the refinancing of a wind farm portfolio consisting of 15 wind farms, located throughout Sweden.

Wistrand

The team at Wistrand provides ‘quick responses and practical advice’ and has considerable experience in complex cross-border financings. The practice is led by Stockholm’s Håkan Lindgren and Kristofer Selvin in Gothenburg, and often assists clients with export finance, real estate finance and distressed asset finance mandates and regulatory matters. Lindgren is a key name for debt financings and acts for major international and Swedish banks and real estate investors.

Practice head(s):

Håkan Lindgren; Kristofer Selvin


Other key lawyers:

Monica Petersson; Ulf Forsman


Testimonials

‘Competence, quick feedback, good negotiators and good cooperation.’

‘Monica Petersson always delivers top-notch work and in a quick, friendly, professional way.’

‘Monica Petersson’s knowledge and understanding of how EKN Guarantees work and her involvement in each transaction makes this our preferred firm to work with on the Swedish market in connection with EKN covered financings.’

‘We are very impressed by them. We get quick responses and practical advice.’

‘Impressive competence and attention to detail, as well as giving good advice.’

‘Ulf Forsman is an excellent seasoned practitioner on whom we have relied on for a number of years.’

‘Extremely professional, high working capacity, outstanding responsiveness deep knowledge of financing, the industry, our business and transactions from all different and relevant angles.’

‘The Wistrand projects team is technically excellent and very responsive to our needs.’

Key clients

Niam


SEB


AB Svensk Exportkredit


Catella Real Estate AG


Citibank


ISDA


Euroclear Sweden AB


Westdeutsche ImmobilienBank AG


Akademiska Hus AB


Danske Bank


PNC Bank, National Association


Credit Agricole Bank


SBB (Samhällsbyggnadsbolaget I Norden AB)


EQT


Mycronic AB


Work highlights


  • Represented Niam in connection with an acquisition and add-on financing in relation to two properties located in commuter hubs in the Stockholm area.
  • Acted as Swedish legal adviser to Areim in connection with the negotiation of an amendment agreement to a revolving equity bridge facility agreement.