Setterwalls‘ capital market team is active on both the debt and equity sides, providing support to clients from offices in Stockholm, Malmö and Gothenburg. The group advises clients in the technology, real estate and energy sectors, working on dual listings, share issuances and rights issuances in these spaces. The group is also noted in the market for its work on the issuer side on mandates within the ECM space. Jörgen S. Axelsson, based in Stockholm, co-heads the team and is highly regarded for his work in domestic and international IPOs, public takeovers and convertible bond issuances. Fellow co-head Marcus Nivinger is also based in Stockholm and has experience in advising on corporate governance matters. Also regarded in the ECM space is Ola Grahn, who heads the Malmö team, adeptly handling new issuances and incentive schemes. Within the DCM space, the firm remains active with EMTN programmes, alongside advising on green bonds and converting debt into shares. Leading the Gothenburg group,  Jesper Kuschel co-heads the practice, advising on major debt issuances and financings.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality

Testimonials

Collated independently by Legal 500 research team.

  • ‘Long lasting relationship with deep knowledge of our company's operations. Lead partner always available for work or smaller consultations. Brings in broader core team and/or subject matter experts as required.’
  • ‘The Setterwalls Capital Markets team provides a strong sense of confidence by being consistently well-prepared and fully up to speed. What truly sets them apart is their ability not only to follow established processes but also to have the courage to redirect and adapt when they see it will benefit the client.'
  • ‘Among the individuals I have worked with, Marcus Nivinger stands out as an exceptionally valued lawyer. He combines both broad and deep knowledge with a highly valuable network, which makes him not only a strong legal adviser but also a commercial and value-creating partner in every transaction. His ability to balance legal precision with a pragmatic, business-minded approach is rare and greatly appreciated.'
  • ‘Olof Reinholdsson is extremely competent, no-nonsense, and commercial. Johanna Linnarsson shares the same attitude and work ethic.’
  • ‘The legal team is professional, fast, motivated, service-minded and highly qualified.’
  • ‘I believe that Ola Grahn has deep insight into the rules for publicly listed companies, our sector, and the various aspects coming up in relation to financing, insider information, and remuneration. He also has significant experience with cross-border listing.’

Key clients

  • AB Volvo
  • Alligator Bioscience AB
  • Arise AB
  • Atrium Ljungberg AB
  • Betsson AB
  • Better Collective A/S
  • Bilia AB
  • Boozt AB
  • Danske Bank A/S
  • EQL Pharma AB
  • Ework Group AB
  • Fastighets AB Balder

Work highlights

Advised Fastighets AB Balder in connection with its €6bn Euro Medium Term Note Programme.
Advised Swedish Logistic Property AB in connection with a directed share issue of approximately SEK1.1bn to a number of Swedish and international institutional investors.
Advised AB Volvo and Volvo Treasury AB in connection with Volvo’s $20bn Euro Medium Term Note Programme.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Practice head

Jörgen S. Axelsson; Marcus Nivinger; Ola Grahn; Jesper Kuschel

Other key lawyers

Hugo Lemaire Månsson; Johanna Linnarsson; Olof Reinholdsson