Commercial, corporate and M&A in Sweden

Gernandt & Danielsson Advokatbyrå

Jointly led by Carl Westerberg, Fredrik Palm and Mikael Borg, Gernandt & Danielsson Advokatbyrå fields a full-service corporate and M&A practice operating in the domestic and international markets. The group handles complex transactions including cross-border public and private M&A and controlled auctions, where it acts for clients in the telecoms, financial services, online gaming, renewable energy and transport sectors. Corinne Ekman assists with major investments and divestments in the automotive industry, and in the media sector, the group recently advised on complex deals involving branding interests.

Other key lawyers:

Corinne Ekman


‘Good experience.’

‘Team dedicated to fulfilling client objectives.’

‘Gernandt & Danielsson truly understands our needs and challenges and therefore assists us in a super professional way – simple, effective and well balanced. We can rely on them.’

‘Fredrik Palm is great to work with since you know that you will get the assistance needed, he stand-outs when it comes to attention and support. In addition, the team are solution oriented and creative and I feel that we work as a team in projects.’

Key clients

Embracer Group AB

Sinch AB

Sambla AB

Peas Industries AB

Nobina AB

Enlabs AB

MTG Modern Times Group AB

Xvivo Perfusion AB

Nordstjernan AB

Volati AB

NDX Group

Evolution Gaming Group AB

Betsson AB

Nordstjernan Investment

Upplands Motor Holding AB

Work highlights

  • Advised Sinch AB on three new company acquisitions.
  • Advised Modern Times Group on multiple acquisitions.
  • Advised Xvivio Perfusion on the acquisition of the Dutch company Organ Assist accompanied by a private placement of shares to Swedish and international institutional investors for the purpose of financing the acquisition.

Mannheimer Swartling

Mannheimer Swartling covers complex multi-jurisdictional transactions and works closely with the firm's wider departments. Adam Green heads up the M&A practice and focuses on international and technology transactions. The firm covers a broad range of work including finance and regulatory work, and advises emerging technology companies on fundraising issues; other clients include start-up companies and blue-chip industrial clients. The public M&A and ECM team is led by Patrik Marcelius, who handles public takeovers and equity offerings, and Martin Pekkari (who has vast experience in the rail, infrastructure, manufacturing and public sectors) leads the corporate commercial practice.


‘Competent, responsive and creative.’

‘The team at Mannheimer Swartling AB is highly synced with the need of the client and on complex projects they are able to give high standard legal counselling along the way from junior to more senior and partner levels.’

‘Dedicated and competent. They know the craft and provide good assistance.’

‘The go-to corporate and M&A practice for large ticket transactions. The team is able to leverage the firm’s full service offering in an efficient manner and shines in complex carve-outs. Partner group is really top notch.’

‘Adam Green is a very knowledgeable and seasoned adviser, who always ensures a top class client experience. We trust him a great deal not only in legal matters, but also in commercial considerations as a trusted adviser.’

‘Highly professional, business focused, easy to work with, service oriented and experienced.’

‘Strong team culture and seamless collaboration between departments. Excellent project and leadership management.’

‘Very competent senior representation with a strong drive to find solutions on complex issues.’

Key clients


Accent Equity

Alfa Laval

Altor Equity Partners


Axel Johnson International Group



City of Stockholm

Clas Ohlson


Electrolux Professional





KPMG Sweden

Kry (LIVI)


Nordic Capital







SCA (Svenska Cellulosa AB)




Stockholm Public Transportation Authority

Stockholm Region Council

Stora Enso

Summa Equity

Swedish Orphan Biovitrum

Swedish State

Söderberg & Partners




Volvo Cars

Work highlights

  • Advised on the establishment of P27 – a joint venture by the biggest banks across the Nordics to set up a pan-Nordic payments platform for the Nordic currencies and the Euro – and its acquisition of Bankgiro, Sweden’s only clearing house for mass payments.
  • Advised Telia – the largest telecoms company in the Nordics and Baltics – on the $1.1bn sale of its international carrier business to Polhem Infra.
  • Advised a fund managed by Goldman Sachs Asset Management on a recommended public takeover offer for Stockholm Nasdaq listed Adapteo.


The team at Roschier covers large, mid, and small-cap M&A transactions at a national and international level for private and public sector clients. Malin Leffler heads up the private M&A practice, while Pontus Enquist leads the public M&A and equity capital markets group. The corporate advisory team is led by Ola Sandersson, who advises blue-chip clients, shareholders, management teams and board members of corporations on corporate governance issues. Jens Bengtsson, who heads up the private equity practice, has extensive experience in acting for major international private equity sponsors and corporate investors. Markus Olsson is a key member of the private M&A group.


‘The Roschier team was able to produce high quality legal documentation for a very complex agreement structure which to our understanding no one had done before. The Roschier team was also very constructive and thinking ahead during the negotiations with the counterparty.’

‘Partner Malin Leffler from Roschier is a great partner to work with, she has exceptional understanding of complex issues, is extremely attentive and always available to discuss.’

‘Deep and highly proactive dedication to our issues.’

‘Axel Bonning consistently shows a desire to support to the full extent of his considerable capabilities.’

Key clients








Atlas Copco


IK Investment Partners

CVC Capital Partners


Patricia Industries

Altor Equity Partners



Wallenberg Foundations





Work highlights

  • Advised the Danish state on the recapitalisation of SAS.
  • Advised EQT IX, through Roar BidCo, on its SEK23.6bn public offer for Swedish pharmaceuticals company Recipharm AB.
  • Advised Volkswagen on Northvolt’s $600m equity capital raise and $2.75bn equity financing round.

Advokatfirman Vinge

The corporate commercial practice group at Advokatfirman Vinge advises blue-chip clients on complex public and private transactions, commercial issues including distribution agreements, and regulatory matters. The M&A team is led by Jonas Bergström, who has expertise in cross-border and domestic M&A and private equity transactions. Johan Winnerblad focuses on the financial services, TMT, and life sciences sectors, while Christina Kokko, who is head of the private equity team, handles corporate matters in the retail and media sectors. Jonas Johansson and Jesper Schönbeck are other key individuals and cover a variety of public M&A and equity capital market transactions.

Practice head(s):

Jonas Bergström


‘Vinge is truly a one-stop-shop with exceptional legal knowledge, engaged and available partners and associates, a high level of professionalism, a commercial focus and a genuine interest in the client’s business, needs and wants. You can trust that you will be given access to a tailor made team with high attention to your transaction and an appropriate seniority ratio in the team assisting you.’

‘Jonas Johansson (partner) is a trusted adviser and a preferred partner in every transaction of importance. Jonas has a unique set of skills, where he combines very high and rare to find business acumen with in-depth legal knowledge and a willingness to go over-the-top to serve his clients. He has very high availability, a laser focus on details but never loses sight of the broader rationale of the deal. Also of importance, he is a people person, is very enjoyable to work with and gains respect from all sides in a transaction.’

‘Using Vinge for our M&A activities is a guarantee for professional efficiency. They represent integrity and quality, have always shown great commitment and stand out with the best commercial skills/knowledge in the industry.’

‘Jonas Bergström, Very professional, responsive, committed, competent, flexible and with great social skills.’

‘Jonas Bergström (Partner), extremely service minded, always available and gives the right advice.’

‘Christina Kokko is a very experienced negotiator.’

‘Jonas Johansson is very proactive, professional and hard-working, always giving guidance and advice in negotiations with the clients best in mind while being able to find solutions acceptable to the other party. We would without doubt trust him as an adviser in a future M&A process.’

Key clients


Tele2 AB

Lifco AB

Lagercrantz AB

Investment AB Latour



IK Investment Partners

Bain Capital

Fidelio Capital

Verisure Securitas Direct Group


Sixth National Pension Fund


Lantmännen ek för

AMF Pensionsförsäkring

Procuritas Capital Investors

Work highlights

  • Represented EQT in the SEK60bn acquisition of leading global pest control specialist Anticimex.
  • Advised SBB on its NOK30bn public offer to the shareholders of Entra ASA.
  • Advised Lone Star Funds on the sale of the Stark Group to CVC Capital Partners.

Advokatfirman Cederquist KB

Martin Ulfson and Lars Bärnheim at Advokatfirman Cederquist KB are highly active in the private equity space and advise mid and large-cap sponsors on controlled auction processes. Carl-Johan Deuschl has extensive expertise in the industry, energy and infrastructure sectors and regularly handles cross-border transactions. The team is led by Maja Wettergren, who advises domestic and international companies, government agencies, and state-owned companies on acquisitions, disposals, mergers, joint ventures and outsourcing mandates.

Practice head(s):

Maja Wettergren 

Key clients

Nordic Capital


Polaris Private Equity

BillerudKorsnäs AB

Bisnode AB

Resurs Holding AB

Macquarie European Infrastructure Fund


Nobia AB

Cloetta AB

InfoVista S.A.S

Norvestor Equity AS

Tradeshift Inc

Thoma Bravo, LLC

Webhelp S.A.S

Avista Capital Partners

CVC Capital Partners

Qliro Group AB

Ellos Group

Itiviti Group

AB Svensk Filmindustri

Samsung Electronics Nordic AB

Tellacq Partners

Green Landscaping AB


Hannes Snellman

Hannes Snellman’s private M&A team advises on mid and large-cap transactions for private equity houses from Sweden and abroad. The group's client roster covers a wide range of sectors, including the banking, energy and real estate industries. The corporate and public M&A team is led by Mattias Friberg, who acts for domestic and international corporates, financial institutions, and fund clients, while Claes Kjellberg has extensive transactional and private equity experience and heads up the private M&A team. Ola Åhman is also highly regarded in the market, Johanna Wärnberg is a key name for private equity clients, and managing associate Ammar Khan acts for venture capital businesses and start-ups.

Other key lawyers:

Ola ÅhmanJohanna Wärnberg; Ammar Khan


‘Hands-on, flexible and full-service. down-to-earth working on smaller but also large cap deals.’

‘The team is able to provide advice covering multiple jurisdictions.’

‘Mattias Friberg can translate the law into practical guidance for specific situations.’

Key clients

AURELIUS Equity Opportunities SE & Co. KGaA

Bridgepoint Capital AB

Charles River Laboratories International, Inc

Areim AB

KLAR Partners Limited

Infor Sweden AB

Management Team of Unifaun


Paradigm Capital Value Fund SICAV

Riverside Europé Partners

Accastum AB


Savaria Corporation



Vitec Software Group AB

IK Investment Partners


Work highlights

  • Advised KLAR Partners Limited on the acquisition of Sandbäckens, the Swedish provider of technical installation and service of Sprinkler, Heating & Sanitation solutions for buildings.
  • Assisted Charles River Laboratories International, Inc. with the acquisition of Cognate BioServices, Inc, including its Swedish and British subsidiaries Cobra Biologics, a premier cell and gene therapy contract development and manufacturing organisation.
  • Advised the Riverside Company backed REF IV Luxembourg S.à r.l. on the divestment of RE Skolor AB and advised Abracon LLC on its cross-border acquisition of Proant AB and Proant Asia Limited.


Linklaters impresses in the high-value M&A space, typically acting for multinational private equity houses and industry names across a range of major sectors. In notable highlights, the team, which is led by Elisabeth Lundgren and features Rasmus Kindlund and Fredrik Lindqvist, closed headline deals for technology, telecoms, energy and infrastructure clients, including handling CK Hutchinson’s $1bn disposal of European tower assets to Cellnex. The corporate advisory offering covers all facets of regulatory compliance and stock exchange legislation work, and Magnus Lidman leads on real estate M&A mandates.

Practice head(s):

Elisabeth Lundgren


‘Reliable and commercial team. Great for cross-border transactions.’

‘Rasmus Kindlund is very reliable and gives a lot of attention.’

‘Highly thoughtful and collaborative team, who integrated directly with the investment deal team to create an unprecedented level of connectivity and open dialogue.’

‘Rasmus Kindlund is an absolute rising star. He is my first call always.’

‘Very close to market and business understanding approach, able to benchmark market practices and standards, always well ahead when it comes to new legislation and implementation. Keen on informing me as a client of relevant news and changes in applicable legislation. Great network internationally both within Linklaters but also with other aligned law firms.’

‘Elisabeth Lundgren at the Stockholm office – outstanding when it comes to M&A, companies law and capital markets legislation and interpretation. Always available and generous with providing advice and always proactive. Great project leader. Proven ability to see the full picture, especially valuable in international transactions, both acquisitions and divestments.’

Key clients

PostNord Group

Nordea Bank Abp

IK Investment Partners

Green Investment Group


CK Hutchison Holdings Limited & Hi3G Access AB

Mayfair Private Equity

I Squared Capital

Schneider Electric Industries SAS


Nordic Capital

PAI Partners

Chimney Vigor Group

Alecta pensionsförsäkring ömsesidig

Chevron Technology Ventures


Work highlights

  • Advised the private equity arm of an international investment bank on its role as the co-lead investor in a $2.75bn equity investment into Northvolt AB
  • Advised CK Hutchinson on the sale of its large portfolio of telecoms tower assets in Europe to Cellnex.
  • Advised Nexi S.p.A on the all-share merger of Nets into Nexi.


Setterwalls’ corporate and M&A practice has vast experience in private equity and transactional advisory work alongside handling energy, life sciences, and venture capital deals. Practice head Ola Grahn, who focuses on venture capital transactions, assists both venture capital businesses and entrepreneurs on fundraising mandates. Co-head Anders Holmgren specialises in M&A deals in the telecoms, life sciences, and retail arenas, while co-head Anders Söderlind assists Swedish and foreign PE sponsors with cross-border transactions in the cleantech and technology industries. Johan Hallén leads the commercial team.

Other key lawyers:

Johan Hallén


‘The team has the potential to get structured with required competence from matter to matter. There is a broad competence offered also with the edge where needed. The team is supportive and move quick in questions, always with an in-built control system to secure a second-opinion. The team leader shows and delivers full responsibility for work performed and response delivered.’

‘The individuals are professional. They are interested to support the client and to get all needed information on the table to assess and challenge the situation – the approach is structured and always balanced between speed and quality based on the situation. The individuals invite and take support from different competences to deliver optimal service to the client. The individuals do not let anything fall in between the gaps.’

‘Very proactive. Recognized and understands the commercial dimensions of the legal aspects.’

Key clients


FSN Capital

Nalka Investment

SEB Private Equity

Ceder Capital


PEQ Investment

AB Gustaf Kähr

Entercash Ltd.

Hydro Energi

Drug Free Sport

Construcciones y Auxiliar de Ferrocarriles, S.A (CAF)

FlixMobility GmbH

AddLife AB

Better Collective A/S

Meniga Ltd


Coor Service Management

Galecto Biotech

Novax AB

Standout Capital AB

Enea AB

Elof Hansson Holding AB

Baillie Gifford

Polygon International AB

Aleph Commodities Ltd

Thunderful Group AB

Ford Motor Company Inc.

Resurs Holding AB

Lidds AB

Gapwaves AB

Alelion Energy Systems AB

Volvofinans Bank AB


Work highlights

  • Advised Baillie Gifford on its investments in Northvolt as part of two recent private placements made by the company.
  • Advised Third Point Reinsurance Ltd. on a merger process with Sirius International Insurance Group, Ltd.
  • Assisted Knowit, which is one of the major Nordic IT consulting companies, with the acquisition of Cybercom.

White & Case Advokat AB

Under the leadership of Jan Jensen, White & Case Advokat AB’s team advises on fund formations, acquisitions, buyouts, bond offerings, and portfolio work and handles all stages of private equity investments. Shoan Panahi and Patrik Erblad focus on complex cross-border deals, including public takeovers and roll-up acquisitions. Martin Järvengren handles a variety of corporate transactions, including disposals, capital raisings, joint ventures, and restructurings, while Johan Steen advises financial sponsors and corporates on M&A mandates. Jonas Lagerroos has left the firm.

Practice head(s):

Jan Jensen


‘Very educated and high quality execution power.’

‘Professional, personal and very high quality.’

Key clients



Nordic Capital

FSN Capital


Summa Equity


Valedo Partners


IK Investment Partners







APG Asset Management N.V.






JPMorgan’s Infrastructure Investments Fund

Ancala Partners

Lime Technologies

BNP Paribas Cardif Nordic AB

Epicor Software Sweden AB

Hero Gaming Group AB

Vauban Infrastructure Partners

Vasa Vind

Verdane Capital

Accent Equity Partners

Work highlights

  • Advised APG Asset Management N.V., PGGM Vermogensbeheer B.V., Alecta pensionsförsäkring, Keva and AXA Infrastructure Equity on the acquisition of 50% of the shares in Stockholm Exergi Holding AB from Fortum.
  • Advised the sellers of Tink, an open banking platform provider, on its sale to Visa for €1.7bn.


Wistrand has expertise in handling domestic and cross-border transactions for investors, management-owned companies, start-ups, and blue-chip companies. The practice is jointly led by Per Dalemo, who advises investors and corporates on deals with a Nordic angle and leads the Gothenburg practice, and Robert Kullgren, who concentrates on corporate matters and M&A work and heads up the Stockholm practice. Lars Hasp and Vilhelm Nyström have vast experience in transactional matters, including investments and joint ventures, whereas Magnus Forssman is active in warranty and indemnity insurance mandates.

Practice head(s):

Robert Kullgren; Per Dalemo 


‘Preeminent M&A practice. Intelligent lawyers with good technical skills. Easy to work with.’

‘Per Dalemo stands out. Excellent lawyer with great negotiation skills. Always available and provides solid advice on complex matters.’

‘The team is close to the business and understands our different challenges very well. The team has an efficient way of working and I feel that the quality of their work provides good value for money.’

‘Robert Kullgren is always available and engages in our different matters, both large projects and day to day matters.’

‘Great team with top-class skills, up-to-date knowledge as well as service minded and likeable.’

‘Robert Kullgren – is a partner in creating value and making business. He combines the strength of running processes, with deep domain knowledge and ability to build and attract talent around him.’

Key clients

Schibsted Media Group

Stena Group



Scienta Scientific

Almi Invest




Strawberry Living

Formica Capital



B3 Consulting Group





Greencarrier AB





Rasta Group AB

Telia Company




Baker McKenzie

Baker McKenzie has a strong private equity practice under Anders Fast, who, in conjunction with Costin Mihailescu, advises major Nordic and international private equity houses and portfolio companies on bolt-on acquisitions, exits and mid and large-cap investments. Recent high-value instructions were received from ESG-focused funds. Co-head Carl Svernlöv is a key name in the fields of corporate governance and compliance, boardroom issues and antitrust legislation.

Practice head(s):

Anders FastCarl Svernlöv

Other key lawyers:

Costin Mihailescu


‘Nice to work with and knowledgeable. Good listeners and able to focus on what is important.’

‘Very high knowledge and experience, customer friendly, very good business sense, cost efficient. Get in contact with the right person at once. Very good cooperation skills. No long memorandums without conclusion or advice.’

‘Very high knowledge, courage, availability and fun. These are people you would like to be friends with.’

‘Flexible and commercial approach with a great ‘can-do’ attitude. Able to support clients on work-intensive assignments as well as provide in-depth corporate law expertise.’

‘The Stockholm M&A corporate team is really ahead of the curve, with a strong client focus, high responsiveness and uncompromising on quality. Despite “wearing a global hat”, the Stockholm M&A team offers great value for money and always looks for new ways and better ways to add value.’

‘Carl Svernlöv (Partner M&A, PE and Company law) – Carl is the best company law expert and possesses a tremendous knowledge within this area of law. This places him far ahead in the game and any client with Carl on their team gets not only a brilliant lawyer assisting with the transaction, but also the best strategist and business oriented adviser Sweden has to offer.’

‘Carl Svernlöv is a true leading corporate lawyer, passionate, in-depth legal knowledge and role as trusted adviser.’

‘No error ever detected, fast, friendly, engaging, deep knowledge, thinking along, one team.’

Key clients

Evergrande Health Industry Group

Hitachi Ltd

Embracer Group AB

Enad Global 7 AB

Dun & Bradstreet

STADA Arzneimittel AG

Applus+ Servicios Tecnologicos S.L.U.

Tencent Holdings Limited

SUEZ Holding Belgium S.A.


AP Moller – Maersk

The Livekindly Company, Inc.

Capillar Equity Investment AB

Bambuser AB

The Humble AB

Nordic Capital

FSN Capital

Trill Impact

Nalka Invest

Accent Equity


Work highlights

  • Advised Enad Global 7 AB on the acquisition of Canadian games developer Piranha Games, Canadian games developer Big Blue Bubble and on the $300m acquisition of Daybreak Game Company and the related raising of debt and equity.
  • Assisted Sulzer AG with the acquisition of Nordic Water Holding AB from Alder Industriförvaltning no I AB and the other sellers.
  • Advised Dun & Bradstreet, a leading global provider of business decisioning data and analytics, on its SEK7.2bn acquisition of the data and analytics company Bisnode, from Ratos and Bonnier.

Bird & Bird

Bird & Bird advises on all kinds of corporate matters, including joint ventures, private equity buyouts, post-acquisition integration work, capital markets issues, and venture capital investments. Alongside the firms well-established expertise in the technology, media, telecoms and IP spheres, the firm has extended its expertise to the retail, consumer, energy, and renewable energy industries. Hans Svensson and Nordic operations head Mårten Willamo jointly lead the corporate practice, while Mattias Lindberg heads up the commercial practice and has extensive expertise in the retail, consumer and technology sectors.

Key clients


Vitruvian Partners



TK Elevator

10 Chambers

Beta Film GmbH

Statkraft AS

Ratos AB

CapMan Plc

Work highlights

  • Advised Statkraft on the formation of a joint venture with the regional energy companies that currently own Bee Charging Solutions AB.
  • Advised Reichmuth & Co, alongside NTR’s Renewable Energy Income Fund II, on the €115m financial close of the 86MW Norra Vedbo wind farm located in the county of Jönköping, in Southern Sweden.
  • Assisted eEquity IV AB with the final closing of Equity’s fourth fund.

Cirio Advokatbyrå AB

The M&A department of Cirio Advokatbyrå AB is well known for offering advice to names in the IT, telecoms, life sciences, medtech, energy, infrastructure and private equity sectors. Annika Andersson leads the public M&A department and has substantial experience in IPOs, share issues, non-cash acquisitions, as well as corporate governance work, disclosure issues, and regulatory issues. Anders Moberg heads up the private M&A practice and regularly advises Swedish and international clients on national and global transactions. Erik Bergenstråhle and Jörgen Möller lead the commercial contracts and energy departments respectively.

Other key lawyers:

Peter Lilja


‘Great innovation in relationship based contracts.’

‘Excellent support adapted to clients need and with relevant business insights.’

‘Cirio was quick to assemble a team to efficiently help us execute an acquisition within a very short timeline. Even with all the corona restrictions the process was very pleasant with Cirio as our legal adviser. Their experience within M&A really stands out and the whole team consisted of very professional people that are used to work with entrepreneurial clients.’

‘Peter Lilja (Partner) instantly gained our trust by being very professional, pedagogical, and supportive throughout the whole process. It made the acquisition-process smooth and enjoyable having Peter as a trusted adviser by our side.’

Key clients


Nalka Invest

Telia Company


Enercon GmbH


Karnov Group

ICA Gruppen

Axel Johnson International

TA Associates


Downing LLP

Polhem Infra

SEB Private Equity

Kindred Group

California Threadneedle Investments

Work highlights

  • Advised BP and global real estate services company Jones Lang LaSalle on an outsourcing regarding real estate portfolio management and workplace services across 200 sites globally.
  • Advised private equity giant TA Associates on its recent SEK2.5bn (re)investment into Söderberg & Partners, one of the leading advisers and distributors of insurance and financial products in Sweden.
  • Assisted Swedish fintech unicorn Tink with several financings including its €85m financing led by Eurazeo Growth and existing shareholder Dawn Capital.

Advokatfirman Delphi

The M&A practice at Advokatfirman Delphi has vast experience in M&A mid-cap transactions, including handling cross-border deals for international and domestic private equity funds. The firm has a key focus on the TMT, gaming, energy, infrastructure and healthcare sectors. The team is led by the duo of Mats Dahlberg, who focuses on capital markets, M&A and alternative investment work, and Christoffer Mangelus, who assists with corporate law issues, mergers, capital raisings, stock market listings and due diligence processes.

Other key lawyers:

David Aversten Rickard Isacson


‘Delphi’s M&A team led by David Avertsen and Rickard Isacson have the ability to keep the need to get the deal done in the forefront of their mind. They provide pragmatic, timely and efficient legal advice and project management skills.’

‘Pleasant to work with. Gives attention and are good at M&A and dispute resolution.’

‘Pragmatic and solution minds.’

Key clients

Desenio Group

Verdane Capital


Momentum Group

Adelis Equity Partners


Veolia Nordic AB

Bergman & Beving

NIBE Industrier


Kibord AS

Advokatfirma DLA Piper Sweden KB

Advokatfirma DLA Piper Sweden KB is regularly called upon to assist with sophisticated corporate and M&A matters in the Nordic region from a wide range of industry segments, including the technology, gaming, life sciences, and fintech sectors. The team is experienced in handling mid-market and high-end transactions of both domestic and cross-border nature. Anders Malmström heads up the practice and specialises in corporate and M&A deals in the infrastructure sector. Mathias Berggren has extensive expertise in high-value private equity and growth capital transactions, while Peter Ihrfelt focuses on M&A and investments within the gaming and energy sectors. Senior associate Jesper Lindbom focuses on private equity and venture capital transactions.

Practice head(s):

Anders Malmström


‘Problem solving and solution oriented approach. Client and industry knowledge. Great international reach.’

‘Excellent client knowledge, availability, solution oriented approach.’

‘Strong ethics and morals as well and strong commercial mindset within the team.’

‘Service minded and excellent experts.’

‘The team that we work with at DLA Piper is efficient in their method and assist us with more than just a specific transaction. We work together with them side by side and they truly adjust the way they work to adopt to any given situation. We feel very safe working with them knowing that they ensure the best possible result for us.’

‘Mikael Moreira is the go-to-guy in Sweden for investment side mandates in all range of venture investments. Pragmatic, efficient and with great industry insights. The perfect trusted adviser.’

‘Peter Ihrfelt stands out for his commercial mindset and solution oriented mindset.’

‘Jesper Lindbom has taken big steps and is a big security for us in our transactions. He has good knowledge on the details and lead the younger associates so that the end product is up to our standards. Jesper is a lawyer that you can pick up the phone and call and feel safe about the answers that he gives you on the go.’

Key clients

Polhem Infra

Stillfront Group


PPG Industries

GE Healthcare

Shareholders of Svefa Holding

Nordic e trade

Eurazeo Growth

Eurazeo Brands

Voi Technology


Global Gaming 555

Nordic Nest


The M&A practice of Hammarskiöld assists Swedish and foreign clients on a wide range of corporate matters, including equity investments, mergers, and acquisitions. Co-head Peder Hammarskiöld, Jakob Falkman and Erik Löfwall advise on large and mid-cap transactions and supply agreements in the financial services, insurance, technology and industrial sectors. Co-head Erik Fahlgren has expertise in post-transaction integration and restructuring work.


‘Personal, agile in the approach. Understands the underlying logic of deal structures and supports via creative angles to progress towards signing.’

‘Consistency over time. Deep understanding of our philosophy and agile approach.’

‘Its a great team which combines in-depth legal knowledge with commercial solutions. They are available 24/7 and know the law out side in. They are very good at project management and drive the project forward. You know you are in good hands.’

‘Worked a lot with Erik Löfwall who is a great deal maker that really knows the market and the law.’

‘Hammarskiöld has been our trusted go-to law firm for many years. They are very skilled, business oriented, collaborative and supportive.’

‘Erik Fahlgren, partner, is always available when needed no matter when, pragmatic, business oriented and understands the specifics of our business and our company. He goes the extra mile in his assessments.’

‘In-depth knowledge of the relevant law combined with a very good understanding of the underlying commercial aspects. Available to provide guidance both in relation to day to day corporate matters as well as in more specific transaction or dispute situations.

Key clients


Altor Funds

ARC Group

Trill Impact

Euroapotheca UAB/Vilnius Prekyba

Avia Solutions Group

Carneo / Carnegie Fonder

QNTM Group

Sumitomo Group

AIG Europe Ltd

Universal Music

I-YUNO Media Group


Q-Park/Aimo Park



Alpha Private Equity


Agria Djurförsäkring


Work highlights

  • Assisted Scania CV AB with high-value equity investments, industrial collaborations and long-term supply agreements with Swedish “green” mega start-ups Northvolt and H2GS.
  • Assisted Swedish PE house Altor with several highly publicised transactions related to digital powerhouses ARC Group and QNTM Group.

Advokatfirman Lindahl KB

Advokatfirman Lindahl KB has seen notable public and private M&A activity across its Uppsala and Malmö offices, while also expanding its Stockholm footprint under co-head Henrik Nobel and new recruits Moritz Veller and Jan Berg. Sectors of focus for the group across offices include the IT, life sciences and real estate industries. Co-heads Thorbjörn Wennerholm, Svante Liljedahl and Mattias Prage, together with managing partner Mikael Smedeby, are highly active in the mid-cap and large-cap segments.


‘The Lindahl team consists of very thorough, knowledgeable and business-oriented members. They take part in strategizing around the business case, and they will always stay focused on what actually matters.’

‘They are very hands-on; good and efficient advice.’

‘A broad network have enabled us to effortlessly conduct business within the Nordics. The team has a great understanding of business and have a seamless ability to identify material risks. This makes the deal work smoothly.’

‘A humble attitude to each deal being unique and with a good ability to understand people.’

‘Lindahl has provided excellent work to us. They provide really good legal advice and, which is even more important, they are business minded and always provide their advice taking the client’s circumstances and business into consideration. In addition, they are a pleasure to work with.’

‘First of all, I have full confidence with regard to their legal capability and experience. They are excellent lawyers. In addition, it is a pleasure to work with them. They are very service minded, available and have a business mindset.’

Key clients

British American Tobacco

Storytel AB

Tieto Corporation

HANZA Holding AB

Coeli Private Equity AB

Viking Venture

Quixel AB

Agilitas Private Equity

Volati AB

Vitrolife AB


AegirBio AB

Miss Group Limited


European Energy A/S

Koenigsegg Automotive AB

Dacke Industri AB

Norrköpings Tidningars Media

Owners of Trellegräv Aktiebolag

Colabitoil AB


Bonnier Ventures AB

Safe Monitoring Holding AB

Olink Proteomics AB


Sequent Invest

Relita Industri & Skadeservice AB

Algorithmica Research AB

Stockholm Internet ExChange AB

Unwrap Finance AB

Brighter AB


Swedencare AB

Addedo International AB

Drift och underhållsteknik I Mönsterås AB

Inbox Capital AB

Springlake and Partners AB

Prevas AB

Novare Human Capital AB

Gyros Protein Technologies Holding AB (Sjätte AP-fonden and Ampersand Capital Partners)

Cibes Lift Group AB

Padel-tennis Stockholm AB

Beijer Alma Group

S-Group Holding AB


E.ON Group

Fotografiska Holding AB

Work highlights

  • Advised publicly listed Swedencare on its acquisition of a group of eight companies in the US and Canada from a US private equity company and advised on the directed new issues of shares.
  • Assisted the shareholders of German company Scienion AG with the sale of the company to Cellink AB.
  • Advised publicly listed Storytel AB on its acquisition of a majority stake in the Swedish publishing house Lind & Co.

Advokatfirman Schjødt

Under the leadership of Fredrik Hag, the M&A team of Advokatfirman Schjødt advises on the structuring and implementation of M&A transactions and private company investments. It works with a broad range of clients, including high-profile premium private equity and venture capital sponsors, with particular expertise in the telecoms, media and fintech sectors. Pontus Bergsten works with high-profile private equity sponsors, with a special focus on the e-sports, media, construction and healthcare sectors.

Practice head(s):

Fredrik Hag 


‘The Schjødt team delivered a seamless and client oriented service and solution along the acquisition process. What stood out was the commitment, flexibility and availability of the entire team – not least the partner in charge – and the smooth involvement of specific topic experts. Working together was hard work but also had a high fun factor.’

‘Erica Hegerin led the project from start to end. She and her team delivered with high quality and true customer focus on legal DD, transaction documentation and financing docs, drawing seamlessly on her fellow expert partners. She was also took the role of trusted adviser and sparring partner along the process. She truly grasped that we had built a strong relation and trust with the target and its management team, which we needed to reinforce and nurture in every interaction and negotiation. She really struck a good balance between technically securing our interests and being pragmatic.’

‘A very structured and professional firm which provides swift and accurate advice.’

‘Client focus and engagement. Commercial focus.’

‘Pontus Bergsten, great and very commercial lawyer.’

Key clients


Are Oy




Ramböll Sverige

Work highlights

  • Advised Fjordkraft Holding ASA on its acquisition of Switch Nordic Green AB, a Sweden-based company engaged in distribution of electricity, from Troms Kraft AS.
  • Advised Veidekke ASA on the divestment of its property development operations to a consortium consisting of Fredensborg AS, Fredensborg Bolig AS, Norwegian Property ASA and Union Real Estate Fund III Holding AS.

TM & Partners

The M&A team at TM & Partners provides corporate advice to a wide variety of clients from the Nordics and Europe, including private equity funds, state-owned companies, and industrial corporates. Sten Hedbäck heads up the team and focuses on private M&A, acting for industrial companies, private equity funds, and other financial investors. Niclas Högström assists private equity funds and industrial clients with acquisitions, divestitures and investments in unlisted companies, while Per Granström specialises in corporate law and joint ventures.

Practice head(s):

Sten Hedbäck 


‘Solution oriented, flexible and fast.’

‘Business oriented and focuses on the important items.’

‘The availability of people and experts regarding the different disciplines is a true USP.’

‘Very flexible and can be reached at anytime.’

‘Highly skilled, professional, good industry insight.’

‘Pragmatic and solution driven, honest advice, easy to work with.’

‘Vaiva Eriksson managed both the internal discussions and external negotiations very efficiently and politely despite the specific challenges associated with the M&A project.’

‘Easy to communicate with them and they provide quick feedback on the questions.’

Key clients

Norvestor Equity

Priveq Investment

Posti Group

Obvious Ventures

RNB Retail & Brands



Hans and Barbara Bergström Foundation


MAG Interactive

Sellers of MittVaccin Sverige

Frill Holding

The management of Sortera Group and Ryk Group

Work highlights

  • Advised RNB Retail & Brands on the sale of the assets of its subsidiary Departments & Stores Europe in retail icons of the Nordic region.
  • Advised the Hans and Barbara Bergström Foundation on the mandatory public cash offer for Internationella Engelska Skolan i Sverige Holdings II AB.
  • Advised Posti Group on the divestment of Posti Messaging Scandinavia to Ropo Capital, a portfolio company of Adelis Equity.

Wigge & Partners

Wigge & Partners advises on a wide range of corporate mandates, including private and public M&A transactions, venture capital investments, joint ventures, restructurings, corporate governance work and compliance issues. The team is experienced at handling both small and mid-cap transactions and larger cross-border mandates. Michael Wigge specialises in M&A and corporate matters in the retail and technology sectors. Henrik Wenckert has extensive expertise in buy-and-build projects, complex carve-outs and privatisations, while Frida Sander specialises in joint venture formations and investments.


‘In depth knowledge of the PE-fund industry and the team provides clear and distinct advice.’

‘Frida Sander has the knowledge and confidence to focus on issues that matter and disregard issues of less importance. Such approach makes the negotiation process efficient which works in favour of all involved parties.’

‘Strong partner in Frida Sander and the team built by her. Strong collaboration between team members and partner.’

‘Frida Sander oversees and is engaged in the work.’

Key clients



Indequity AB

KLAR Partners

3E Entertainment AB/ Pophouse Entertainment Group

Indequity AB



Procuritas Capital Investors


Third AP Fund





Skandinaviska Enskilda Banken

Silvestica Green Forest


Fåhreaus Startup & Growth



Svenska Handelsfastigheter

Work highlights

  • Advised Alecta on its purchase of 50% in Stockholm Exergi Holding AB from Fortum Oyj, together with a consortium of four other investors with a deal value of €2.9bn.
  • Advised Skandia and Folksam on their investments in P Capital Partners Transition Partner Fund AB with a fund size of €1.75bn.

AG Advokat

The M&A practice at AG Advokat advises on manufacturing, supply, and distribution agreements in the construction, industrial, and energy sectors, while the financing team has expertise in financing, capital markets, regulatory and transaction mandates. The team is led by the duo of Johan Gadd, who specialises in transactions, real estate and corporate law, and real estate finance work, and Eric Ödling, who focuses on M&A deals, joint ventures and supply, cooperation and service contracts.

Practice head(s):

Eric Ödling; Johan Gadd


‘Dedicated, hard-working and efficient team always available to guide us through the matter and provide clear, relevant, and business-oriented advice, and to manage and keep track of the various process workflows, helping us getting the deal through.’

‘Partner Eric Ödling is knowledgeable, dedicated, hard-working and accessible, participating from start to finish providing business-oriented and well-balanced advice based on his in-depth legal skill and competence, also very enjoyable and easy to work with.’

‘The AG team has a number of key items which make them a very valuable partner to us. First of all they have a diverse team in multiple respects which does not only grant us the exceptional competence we would expect from any practice, but the ability to approach challenges from different angles as well as being extremely easy to cooperate. Furthermore they offer us the “right balance” between being attentive to our requests and challenging us to re-evaluate some of our initial standpoints. In terms of collaboration and interfaces this is a practice that successfully have met us on the platforms we prefer and made it work.’

‘Eric Ödling, as our primary interface, stands out with his deep knowledge in the relevant area; selling traditional leases but packaged as a service which in our (Nordic) legal context is extremely difficult, on top of that the counterparties are almost exclusively large international companies with quite different views on key areas of the commercial/legal terms. The availability of the AG team together with their niche knowledge has been instrumental in our success on multiple large deals over the past few years.’

‘They are personal and practically oriented.’

‘Humble and cost efficient.’

‘The flexibility in appointing the best available partner for the task.’

Work highlights

  • Advised the founders of the DCHUD group on its divesture of a minority stake to Bridgepoint Growth.
  • Advised a client on a sale and joint venture with Balder as purchaser and majority JV-partner, concerning the construction of Nacka Port.
  • Advised Nordost Passagen Holding AB on the divestment of two centrally located properties in Vegastaden in Haninge to a company jointly owned by Slättö Core + and Sveaviken Bostad AB.

Eversheds Sutherland

Eversheds Sutherland's corporate and M&A practice is led by Ulrika Sparrman, while Michael Hylander leads the company commercial group. The department counts a range of domestic and global clients on its roster with notable names spanning the IT, telecoms, industrial, retail, financial, energy and healthcare sectors. Other key practitioners include Jens André and senior associate Sofia Timoudas.

Other key lawyers:

Jens André; Sofia Timoudas


‘Ownership of work and a can do attitude despite tight deadlines. Pragmatic approach to assignments.’

‘Ulrika Sparrman is hard working and competent. Makes sure to understand the vagaries of the contract in question to be able to provide quality advice.’

‘Ulrika Sparrman and her team were totally on the ball with this transaction, even though we knew they were working on other deals as well. Competitors tend to get bogged down in details but this team understood we needed a big picture view and they delivered. They did a wonderful job translating our simple business needs to “legalese” and back.’

Key clients

Digitalist Group Oyj

Brady Corporation

Tenneco Automotive Operating Company Inc

Veoneer Inc

3M Svenska AB

Preem AB


JCE Group


Glowing Pine BV

Industrial and Financial Systems, IFS AB

Mantle Wellness AB

Kingspan Group Plc


Zordix AB


Work highlights

  • Advised Mutares SE & Co KGaA, a German Frankfurt-listed investment company, on the acquisition, via the SPV Mutares Holding-39 GmbH, of Nordic Road Services AB and Nordic Road Services OY from Nordic Road Services Holding AB.
  • Advised ZignSec AB on entering into an agreement to acquire the Web Shield Group, with offices and operations in the UK, Germany and Poland.
  • Advised Kingspan Holdings Netherlands B.V on the acquisition of Baga Water Technology AB.

Magnusson Sweden

Magnusson Advokatbyrå’s corporate M&A team handles work from a wide variety of sectors, including the financial, insurance, hotel and hospitality, energy, environmental, and retail industries. The team is led by Anders Bäckman, who has vast experience in cross-border M&A, joint ventures, investments, commercial contracts, and restructurings matters. Jonas Bergquist focuses on M&A transactions and joint ventures, while Eric Cederström specialises in tax work, investment transactions, structuring matters, and M&A issues.

Practice head(s):

Anders Bäckman


‘Anders stands out in terms of pragmatism and highlights risk. Strong team around him.’

Key clients

Wabtec Corporation

Nordiska Galleriet

Söderberg & Partners

Nineyards Equity

Parks & Resorts Scandinavia

Work highlights

  • Advised a consortium of banks and other financial institutions: Ålandsbanken, Ica Banken, Söderberg & Partners and Ikano Bank, on the creation of a mortgage loan joint venture.
  • Advised Söderberg & Partners on raising SEK2.5bn through a share issuance to the US-based PE house TA Associates.
  • Advised DSI Underground on its strategic acquisition of Sweden-based Edvirt.

MAQS Advokatbyrå

The sizable corporate M&A department of MAQS Advokatbyrå has extensive experience in handling high-profile and high-value cases, leveraging offices in Sundsvall, Stockholm, Gothenburg, and Malmö. The team advises on domestic and cross-border matters, with particular expertise in the renewable energy sector. The practice is led by the duo of Lovisa Elardt, who specialises in corporate acquisitions and private equity transactions, and Jonas Svahn, who is experienced in handling cross-border transactions.

Practice head(s):

Jonas Svahn; Lovisa Elardt


‘Easy to work with. Down to earth assessments of risks and opportunities.’

‘The people we have interacted with (mainly Jonas Svahn) has been very communicative and have listened to our every demand end explained the way forward in a impressive way. His ability during negotiations have been equally impressive.’

‘It is a firm that makes you feel welcomed and that they always set your interests first.’

‘The two individuals I work most with are both very skilled and always well informed about practices around our case.’

Key clients

SKF Group

BNP Paribas

Opera Tech Ventures (BNP Paribas’ corporate venture arm)

Semcon AB

Zeppelin Sverige AB

Rabbalshede Kraft AB

Stampen Lokala Medier

Profura AB


GPX Medical AB

Vätterleden Invest AB

Pandora AS

Oblique Therapeutics AB

Fluicell AB

IRLAB Therapeutics AB

OneMed Sverige AB

Sjöson AB

OnDosis AB

Work highlights

  • Advised Winningtemp AB on its SEK157m capital injection from several venture capital entities, inter alia Norrsken,Almi Invest, Chalmers Ventures, Bonnier Ventures and Frog Capital.
  • Advised Oblique Therapeutics AB on its SEK100m private placement to inter alia Danish VC Sunstone Capital.
  • Advised the purchaser on the acquisition of Semcon Sweden AB’s 100% of the shares in the Swedish IT company Squeed AB.

Morris Law

The Corporate and M&A practice group at Morris Law covers mid-size M&A deals within the energy, manufacturing, consumer product, and life sciences sectors. Racine Ashjari focuses on the acquisition and sale of investment and owner-managed companies, while Carl Friberg handles the acquisition and sale of non-listed companies. Olof Myhrman acts for private equity houses, investors, industrial clients and entrepreneurs, and group head Martin Prager advises Swedish and international corporate clients and private equity sponsors on Swedish and cross-border transactions.

Practice head(s):

Martin Prager


‘Very professional and committed team with strong business sense.’

‘Martin Prager – very solid lawyer with the ability to build trust among all involved parties. Strong business sense and negotiating skills.’

‘Full service law firm which always focuses on giving good, practical and commercial advice. Always available and easy to work with.’

‘Olof Myhrman and Martin Prager are excellent ambassadors for the firm’s strengths.’

Key clients

Christian Berner Tech Trade AB


Ramirent AB

Estea AB

JOOL Capital AB

Data Respons ASA

New Wave Group AB

Investment AB Spiltan

Peltarion AB

Relate Invest AB

RCL Holding AB

Provobis Holding AB

JCE Invest

Ceder Capital

E-Gain AB

Keller & Kalmbach GmbH

Work highlights

  • Advised Ramirent AB on the acquisition of MaskinSlussen AB.
  • Advised owners of the construction group Vestia Group AB on the investment company Ratos becoming the new main owner.
  • Advising Christian Berner Tech Trade AB on its acquisitions.

Foyen Advokatfirma

The commercial and M&A practice at Foyen Advokatfirma has strong expertise in the energy, environmental and information technology sectors. The transactions team regularly advises offshore investors investing in the Swedish mining sectors and handles multinational asset-based financings, due diligence reviews, joint ventures and acquisitions of new permits. The team is led by the trio of Jonas Nilsson, Jonas Conradsson and Andreas Lindström.

Key clients

Mandalay Resources Corporation

Hill & Smith Holdings Plc


Kraftringen Energi AB

Merx Team AB


Skånska Energi

CatalystOne Solutions AB

Loopia Group AB

Work highlights

  • Advised Canadian mining company Gold Line Resources Ltd. (GLR) on a reverse takeover transaction whereby the shares of GLR have been successfully listed on the Toronto Stock Exchange.
  • Assisted EIT InnoEnergy with all legal areas and on all matters affecting EIT InnoEnergy’s operations.
  • Assisted Kraftringen with all legal areas and on all matters affecting Kraftringen’s operations.

Advokatfirman Fylgia KB

Advokatfirman Fylgia KB advises industry and technology companies on private M&A transactions, including cross-border mandates. Practice head Mattias Larsson has expertise in handling large, mid and small-cap deals for international companies.

Practice head(s):

Mattias Larsson 


‘People, trust and transparency is 100%.’

‘They were interested, responsive and very good support all the way, which made us feel safe and secure.’

‘Superior availability and excellent legal adviser.’

‘Perfectly composed team – engagement, competence, experience, unformal and always available. Obvious positive difference compared to many of the largest firms.’

‘In my opinion they have a great balance in their team. From the more standard services to the deepest of knowledge. It is not about billing, technology or the like – it is about truly great people.’

‘M&A’s leading partner, Mattias Larsson provided us with splendid professional advice. His dedication to our project was outstanding.’

‘Good industry knowledge, pragmatic and available with good understanding of the clients needs.’

‘Mattias Larsson is an excellent negotiator, commercial, committed and available also with drafts.’

Key clients

Visma AS


Colosseum Smile AB


Beijer Byggmaterial AB

Bogfelts Holding


Colosseum Smile

Bright Sunday


ETIX Everywhere Lapland


Huf Hülsbeck & Fürst GmbH & Co. KG


Morimatsu International Holding Company Ltd.

W&H Dentalwerk Buermoos GmbH


Björn Lundén AB

City Network Hosting AB

Lexter AB

Södra Stockholmsgruppen

Work highlights

  • Advised Hg on its acquisition of Geomatikk.
  • Advised Visma on its acquisition of Kontek.
  • Advised PCTEL on its acquisition of Smarteq.

Hellström Law

The M&A team at Hellström Law advises on private M&A, joint ventures, restructurings, and privatisation matters. Practice head Jonas Forsman handles cross-border takeovers, management buyouts, joint venture negotiations, and investments. The corporate and commercial division is led by Bengt Olovsson.


‘Broad knowledge and lengthy experience.’

‘High availability, high engagement, pragmatic, service minded.’

‘Jonas Forsman is one of the most competent and professional people I’ve met.’

‘Very strong in business agreements.’

‘Jonas Forsman always goes that extra mile for us.’