Sweden

Gernandt & Danielsson advises affiliates of Cerberus Capital Management, L.P. in connection with the acquisition of Brocc Finance AB from Brocc Holding AB. The acquisition was consummated on 29 October 2025 following customary regulatory approvals from the Swedish Financial Supervisory Authority. Cerberus Capital Management is a global alternative investment firm with approximately USD 70 billion in assets across complementary credit, real estate, and private equity strategies. Cerberus has been one of the largest acquirers of non-performing loans (so-called NPLs) in Europe over the last 15 years. Brocc Finance AB is a Swedish credit market company (Sw. kreditmarknadsbolag), with a strong presence in consumer finance across the Nordics, operating a tech-enabled platform that streamlines operations across lending, risk management, and product offerings to enable faster decisions, lower costs, and integrated customer experiences. The purpose of the acquisition is to enable Brocc Finance AB to specialise in the acquisition of non-performing loans to obtain the status of a specialised debt restructurer (Sw. specialiserad skuldomstrukturerare; a so-called SDR) under the Capital Requirements Regulation (EU) No 575/2013 (the CRR). Following the consummation of the acquisition, Brocc Finance AB has acquired portfolios of non-performing loans of more than SEK 430 billion in outstanding balances, establishing Brocc Finance AB as one of Europe’s largest acquirers of non-performing loans. Gernandt & Danielsson has advised with a team led by Partners Niclas Rockborn (Regulatory) and Pär Johansson (Corporate), mainly assisted by Partner Gabriel Zsiga (Corporate), Senior Associates Alexander Thörnberg (Corporate), Astrid Svensson (Data privacy) and Gustav Lindgren (Employment) as well as Associates Philip Börnå (Corporate), Sebastian Kjellkvist (Regulatory), Elias Vahman (Corporate), Edvin Andersson (Employment), Marija Gorlova (Corporate), Amanda Kull (Corporate) and Ivan Sivik (Regulatory).  

On 11 December 2025, Butterfly HoldCo Pte. Ltd., a company indirectly controlled by the EQT VII fund, completed a SEK 664 million sale of shares in Enity Holding AB. ABG Sundal Collier AB, Nordea Bank Abp, filial i Sverige and Skandinaviska Enskilda Banken AB acted as Joint Bookrunners in connection with the sale. Gernandt & Danielsson advised the Joint Bookrunners with a team consisting of partners Fredrik Palm and Daniel Sveen as well as associate Olle Häglund.

Gernandt & Danielsson advises Titania Holding AB (publ) ("Titania") in connection with its directed share issue of 11,297,000 class B shares and its issue of subsequent sustainable corporate bonds in a total amount of SEK 225 million within its existing framework of SEK 1,000 million. Titania will apply for admission to trading of the subsequent bonds on Nasdaq Stockholm's sustainable bond list. Titania is a property company focusing on owner-developed residential properties in the Stockholm region and is responsible for major urban development projects from the early stages of the detailed planning process to completed new residential areas. Titania is listed on Nasdaq First North. Gernandt & Danielsson advises Titania with a team consisting of partners Mikael Borg and Mikael Bolling and associates Jonathan Antonsson, Matilda Ellman and Erik Karlsson. In addition, Arctic Securities has acted as financial adviser to Titania.

On 10 December 2025, Amplex AB announced a public cash offer to the shareholders of ADDvise Group AB (publ). The offer values all shares and warrants in ADDvise at SEK 1.05 billion. The board of directors of ADDvise will evaluate the offer and announce a statement with its opinion regarding the offer and a fairness opinion no later than two weeks before the expiry of the acceptance period of the offer. Gernandt & Danielsson advises the board of directors of ADDvise with a team consisting of partners Mikael Borg and Daniel Sveen as well as associate Siri Telmen.