Gernandt & Danielsson Advokatbyrå > Stockholm, Sweden > Firm Profile

Gernandt & Danielsson Advokatbyrå
HAMNGATAN 2
BOX 5747
114 87 STOCKHOLM
Sweden

Sweden > Capital markets

Gernandt & Danielsson Advokatbyrå’s capital markets team is fluent in all aspects of both debt and equity transactions, with particular strength in the real estate, IT, and banking sectors. With over 20 years of experience, Mikael Borg leads the debt capital markets team, which assists major corporations as well as mid-market companies in raising funds through debt securities. Carl Westerberg and Fredrik Palm provide leadership on the equity side, with the team offering expertise in a wide range of matters, including IPOs, directed issuances, private placements, and preference shares issuances. Manfred Löfvenhaft and Gustav Skogö Nyvang are both key contacts, standing out for their ECM work, while Sofie Viktorsson regularly handles cross-border debt transactions.

Practice head(s):

Mikael Borg; Carl Westerberg; Fredrik Palm

Other key lawyers:

Testimonials

‘G&D offers a complete set-up for capital market services, with sufficient width and enormous depth. This, combined with tremendous service level, makes them a stand-out practice.’

‘Carl Westerberg just knows everything, and is really likeable as well.’

‘Mikael Borg is very knowledgeable and is able to handle complex restructurings.’

‘Mikael Bolling is a very technically-skilled lawyer.’

‘Fredrik Palm gets things done and is always available.’

‘The competence and service-mindedness of the partners, their directness in providing advice and creativity in finding the best solutions for clients are all on par with the best. Manfred Löfvenhaft and Mikael Borg are especially worthy of recognition.’

‘G&D is probably the most experienced firm when it comes to high-yield bond transactions, and has done the most amount of new bonds, as well as complex workouts and restructurings.’

‘Overall a highly committed and knowledgeable team with fantastic attention to detail.’

Key clients

NP3 Fastigheter AB

Fastpartner AB

Storskogen Group AB

Rebellion Operations AB

Fastighets Aktiebolaget Trianon

Företagsparken Norden Holding AB

VEF AB

Emilshus AB

Mirovia AB

ICA Gruppen AB

Arwidsro Fastighets AB

MGI – Media and Games Invest SE

Humble Group AB

Novedo Holding AB

Bellman Group AB

TF Bank AB

Acroud AB

Aktiebolaget Fastator AB

Nordnet AB

Idun Industrier AB

Orrön Energy

Emilshus AB

LeoVegas founder and CEO

Svenska Nyttobostäder

Peas Industries AB

Humble Group AB

Fasadgruppen Group AB

Fingerprint Cards AB

Nordstjernan

Rebelle AB

Media and Games Invest

Genova Property Group AB

Catena Media

Heimstaden

Vestum

Sartorius AG

OX2 AB

Work highlights

  • Advised ICA Gruppen AB (ICA) on ICA’s issue of four series of bonds in an aggregate nominal amount of SEK3.5bn under ICA’s Swedish MTN programme with a framework amount of SEK15bn.
  • Advising the founders in connection with MGM’s public offer for LeoVegas.
  • Advised Svenska Nyttobostäder AB in connection with a restructuring of its capital structure.

Sweden > Commercial, corporate and M&A Tier 1

Gernandt & Danielsson Advokatbyrå’s large corporate and M&A practice handles a wide range of matters, including high-value domestic and cross-border public and private M&A transactions. The team has considerable combined experience working in key industries, including technology, entertainment, and energy, as well as in emerging sectors such as gaming and e-sports. Carl Westerberg offers expertise in highly technical mergers and joint ventures. Fredrik Palm is regularly instructed by both sellers and buyers, and has recently gained notable experience in the media, gaming and e-sports sectors. Mikael Borg’s client base includes top-tier corporate sellers and buyers. The three partners jointly lead the team in Stockholm. Manfred Löfvenhaft has over three decades of experience in public and private M&A as well as commercial contract negotiations. Corinne Ekman has a strong track record advising payment services, technology and entertainment companies.

Practice head(s):

Carl Westerberg; Fredrik Palm; Mikael Borg

Other key lawyers:

Key clients

SIBA Invest Aktiebolag

Segulah and the founders of NVBS

Catena Media Plc

Cint Group AB

Modern Times Group MTG AB

Lundin Energy AB

Betsson AB

Evolution AB

Försäkringsbolaget PRI Pensionsgaranti, ömsesidigt

Neqst

MB Funds

Aspo Oy / Leipurin Plc

BlackFin Capital Partners and Fokus Asset Management

Nordic Capital and Vizrt AB

Eastnine AB

Work highlights

  • Advised former Nordic Capital portfolio company Cint Group for several years, from Nordic Capital’s initial investment through add-on acquisitions and the IPO.
  • Advised Evolution in connection with its acquisition of Nolimit City.
  • Advised Betsson in connection with its acquisition of betFIRST Group, which operates a sports betting and gaming business in Belgium.

Sweden > Insolvency Tier 1

Gernandt & Danielsson Advokatbyrå’s restructuring and insolvency practice focuses on high-end work, including cross-border contentious matters involving multi-layered capital structures. With a dedicated debt capital markets restructuring team, aided by experienced finance lawyers, the group is well known for its expertise handling distressed DCM transactions, particularly for bondholders. Björn Svensson and Sofie Viktorsson jointly lead on the debt/equity restructuring side, while Mikael Borg heads up the DCM restructuring department alongside Caroline Jägenstedt Wikman. Mikael Bolling plays a key role in the team, leveraging his expertise in high-yield bonds as well as leveraged, structured, and asset financings to advise on restructuring mandates.

Practice head(s):

Björn Svensson; Sofie Viktorsson; Mikael Borg; Caroline Jägenstedt Wikman

Other key lawyers:

Testimonials

‘Mikael Borgs’ experience and expertise is invaluable.’

‘The team offers a very good combinations of skills, experience and expertise to give optimal guidance in difficult legal terrain.’

Key clients

Municipality of Nyköping

Intertrust (Sweden) AB

YA Holding AB

Nynas

SEM

Seamless

Svenska Nyttobostäder

Fingerprints

Work highlights

  • Represented the municipality of Nyköping in issuing a guarantee related to the obligations of Stockholm Skavsta Flygplats AB (Stockholm South Airport) under a term loan.
  • Representing Intertrust (Sweden) AB and the noteholders’ committee for the SEK1.6bn hybrid capital securities in the ongoing Chapter 11 proceedings of SAS AB.
  • Advising YA Holding AB, a Swedish-based education company that offers training in various fields such as transport, business, industry, and service, in relation to liquidity shortages.

Sweden > Banking and finance Tier 2

Gernandt & Danielsson Advokatbyrå’s financial services practice handles the full spectrum of banking and finance mandates, with particular strength in syndicated and bilateral debt financings, direct lending, off-balance sheet financings, securitisations, and MTN and EMTN programmes. The team has considerable regulatory expertise as well as experience in the sustainable finance space. Björn Svensson focuses on corporate, leveraged and asset-based borrowing finance work, leading the group alongside Sofie Viktorsson, who has 15 years’ experience in leveraged and investment grade financing, acting on both the borrower and lender side. Mikael Bolling is well regarded for his experience in complex multijurisdictional mandates. Nils Unckel left the firm in June 2023 to join Advokatfirman Vinge.

Practice head(s):

Björn Svensson; Sofie Viktorsson

Other key lawyers:

Testimonials

‘G&D exemplifies mastery in understanding client’s needs and crafting bespoke solutions for the most complex transactions.’

‘Mikael Bolling stands out as the epitome of business pragmatism. Mikael proactively identifies potential challenges and finds practical solutions, ensuring debt finance transactions are handled with confidence.’

‘Mikael Bolling has excellent business acumen and is always available, day and night, to provide bespoke, pragmatic, and actionable advice.’

‘Where many firms might offer a one-size-fits-all methodology, G&D crafts exquisitely tailored legal advice. Moreover, the high degree of partner and senior involvement ensures that clients feel like valued collaborators in a joint venture towards success. With G&D’s debt finance practice, you’re not just hiring legal representation; you’re securing a dedicated partner committed to crafting solutions as unique as your challenges. Their advice isn’t just sound; it’s pragmatic, relevant, and delivered with the personal touch that only consistent senior attention can provide. Truly, a paragon in the realm of debt finance.’

Key clients

Murgröna Holding/ICA Gruppen

Neqst

Diebold Nixdorf

Genova Property Group AB

Sinch

Scandi Standard

Fasadgruppen Group AB

Nynas

Axcel

Karnov Group

Orrön Energy (former Lundin Energy)

Strömma Turism & Sjöfart AB

Söderberg & Partners

Nordnet

Husqvarna

Altor Fund Manager AB

Goldman Sachs

Work highlights

  • Advised Volati AB on its entry into a SEK2.6bn credit facilities agreement with Nordea and SEB as lenders as well as a SEK300m overdraft facility with Nordea as lender.
  • Advised Fasadgruppen on a new sustainability-linked facility with Nordea, plus an amendment of existing sustainability linked facilities with SEB and SEK.

Sweden > Fintech Tier 2

Gernandt & Danielsson Advokatbyrå’s multidisciplinary fintech offering is particularly strong in transactional and regulatory matters in the field, with companies, investors, regulators, banks and service providers instructing the group in relation to domestic and cross-border mandates. Niclas Rockborn, who has considerable financial regulatory expertise and acts for banks as well as e-money and payment institutions, leads the team alongside M&A, finance, and capital markets specialist Carl Westerberg. Nils Unckel left the firm for Advokatfirman Vinge in June 2023.

Practice head(s):

Niclas Rockborn; Carl Westerberg

Testimonials

‘Niclas Rockborn is a very pleasant and approachable partner. He is appreciated by clients and is on top of the legal developments in the fintech space.’

‘GDA’s fintech team is a go-to practice in Sweden for fintech matters. They are technical, skilled-lawyers and each of the team members is communicative and a joy to work with.’

Key clients

Nordnet

The Shareholders of Sambla AB

Söderberg & Partners

Forex AB

Trustly Group AB

Cint Group AB

Nordic Capital

Svea Bank AB

Carnegie Investment Bank

Swedbank AB

Youple AB

EasyPark AB

Work highlights

  • Advising Nordnet AB on its issuance of CRR Additional Tier 1 (AT1) and Solvency II Tier 2 capital notes, in a total amount of SEK300m, having perpetual maturity with a first call option after five years.
  • Advising the founders and minority investors of Sambla AB in connection with the sale of shares in Sambla to Nordic Capital Fund X.
  • Provided Söderberg & Partners with regulatory advice in connection with the acquisition of Aktieinvest from Pareto Securities.

Sweden > Data privacy and data protection Tier 3

Gernandt & Danielsson Advokatbyrå’s data privacy and protection team has broad experience advising on GDPR, data breaches, data transfers and online tracking issues, among other matters. Practice head Niclas Rockborn is particularly strong at handling data privacy issues in the finance and fintech sectors, while Ulrika Forsberg specialises in regulatory compliance and risk management work.

Practice head(s):

Niclas Rockborn

Other key lawyers:

Sweden > Dispute resolution Tier 3

Gernandt & Danielsson Advokatbyrå’s dispute resolution offering regularly advises high-profile clients. Boasting nearly four decades of experience, Björn Tude leads the team alongside expert litigator and arbitrator Daniel Waerme. Tude has recently been involved in cases in the banking and maritime industries, while Waerme has varied experience in finance, technology, transport and fashion disputes, among others.

Practice head(s):

Daniel Waerme; Björn Tude

Other key lawyers:

Oscar Nyrén; Martin Bengtsson

Testimonials

‘The team is thorough, professional and has an in-depth knowledge that makes clients feel very safe.’

‘Daniel Waerme is an excellent lawyer, combining strong negotiating skills with a pleasant attitude. He is very dynamic and hard-working overall.’

‘Oscar Nyrén is a very skilled lawyer that both in writing and orally brings forward the case in an easy-to-understand manner, both for the court, the counterparties and his clients.’

‘Daniel Waerme stands out as a star of his generation, in terms of dedication, experience and skills. He provides prompt, accurate and solution-oriented legal advice.’

‘The team makes a real effort to actually understand the underlying details of cases. Oscar Nyrén stands out for his excellent preparatory work.’

‘Martin Bengtsson is a very competent and smart lawyer that quickly grasps the essentials of cases. He gets deep into the details and doesn’t miss anything.’

‘A very skilled team that has the ability to take in new topics and use them in litigation procedures in an excellent manner.’

‘This legal team is open minded and very good at listening to clients’ point of views. They are always available for discussion and the mix of people in the legal team brings different personal and professional skills to it.’

Key clients

Naftogaz of Ukraine

Swedbank

Carnegie Investment Bank

Svea Bank

Skandinaviska Enskilda Banken (SEB)

Nobina

Statkraft Group

AIG

Hi3G

The ICA group

Studsvik

Work highlights

  • Representing Skandinaviska Enskilda Banken in relation to a SEK500m claim for damages from the Swedish Pensions Agency.
  • Representing a publicly listed company in an ICDR/AAA arbitration relating to the acquisition of shares from a minority shareholder in both US and Swedish group companies.
  • Represented Carnegie Investment Bank in proceedings against the Swedish Financial Supervisory Authority in proceedings before the Swedish courts.

Sweden > EU and competition

Gernandt & Danielsson Advokatbyrå’s EU and competition law team is particularly strong in infringement investigations and merger control cases. Having joined the firm from Sullivan & Cromwell’s Brussels office in April 2022, practice head Foad Hoseinian brings experience in phase II merger reviews and FDI screenings as well as multijurisdictional abuse of dominance and cartel investigations.

Gernandt & Danielsson, one of the leading business law firms in Sweden, employs about 80 lawyers. Since its inception in 1992, the firm has grown organically. The firm specialises in mergers and acquisitions, capital markets, banking and finance, competition law and arbitration and litigation proceedings. The firm has a strong international practice and close working relationships with leading law firms in all other Scandinavian jurisdictions, elsewhere in Europe and around the world. Being independent and not part of any alliance, Gernandt & Danielsson is free to consult with or recommend the foreign law firm or expert who can best respond to each particular client’s needs.

Main areas of practice

  • Capital markets
  • Arbitration and litigation
  • M&A
  • Banking and finance
  • Competition
  • Real estate

Equity capital markets: The firm advises on a wide range of capital markets matters, including takeovers, listings, public offerings, private placements, redemption and buy-back programmes and stock exchange and securities regulations.

Debt capital markets: The firm regularly acts both for financial advisers and issuers as well as investors and agents in all stages of corporate bond transactions, including in relation to renegotiations of terms, reconstructions and distressed scenarios.

M&A: The firm advises public and private companies, including private equity funds, on all types of mergers and acquisitions, including domestic and cross-border transactions, public and private transactions, and management buyouts.

Corporate and commercial: The firm regularly handles shareholder and joint venture agreements and acts as adviser in the restructuring of companies and business groups. The firm frequently advises clients on issues concerning board responsibility, changes in capital structure, incentive programmes for employees, annual general meetings of shareholders and other corporate governance issues.

Arbitration and litigation: The firm continuously assists in both international and Swedish arbitral proceedings, including under the Stockholm rules of arbitration, and in litigation proceedings. Several of the firm’s lawyers are frequently appointed as arbitrators in international and Swedish arbitral matters.

Banking and finance: The firm assists Swedish and international banks and financial companies, as well as borrowers and issuers, on areas such as bilateral loans, syndicated loans, securitisation, swaps and derivatives. The firm is also recognised for its strong practice in financial regulatory matters.

Financial services: The firm advises all types of clients, from start-ups to the largest financial institutions, with regard to regulation of all areas of the financial sector and matters involving the Swedish Financial Supervisory Authority.

Real estate: The firm provides advice on general commercial real estate law and real estate transactions, including portfolio acquisitions, as well as real estate finance, securitisation and investments, property management, and landlord and tenant law.

Competition/antitrust: The firm provides advice on all aspects of competition law, including merger clearances and cartel cases. Employment: The firm handles all matters relating to Swedish employment law.

Intellectual property: The firm handles all matters relating to intellectual property law, including trademark and domain name registrations and disputes, and regularly advises clients in the electronic communications, media and IT businesses on a broad range of legal matters, such as infrastructure procurement, joint ventures, outsourcing and distribution arrangements.

Clients: A considerable number of Gernandt & Danielsson’s clients are in the banking, financial and insurance sector, and include several leading Nordic financial institutions. The firm also services clients in the service, trade, telecoms, media, energy and industrial sectors.

International work: Gernandt & Danielsson has consolidated its position as a leader in high profile international transactional work, as well as in international disputes and arbitrations.

Department Name Email Telephone
Arbitration Björn Tude
Litigation Björn Tude
Banking and finance Björn Svensson
Banking and finance Sofie Viktorsson
Financial regulation Niclas Rockborn
Capital markets Fredrik Palm
Corporate and commercial Tobias Larsson
Corporate and commercial Mikael Borg
Employment Andreas Holmqvist
Intellectual property, media, IT and telecommunications Mats Hugoson
Mergers and acquisitions Manfred Löfvenhaft
Mergers and acquisitions Gustav Skogö Nyvang
Private equity Carl Westerberg
Private equity Corinne Ekman
Public procurement Björn Tude
Real estate and environment Caroline Jägenstedt Wikman
Energy Fredrik Palm
Corporate investigations Daniel Waerme
Corporate investigations Niclas Rockborn
Number of lawyers : 80 (approx)
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Contact : Manfred Löfvenhaft