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Mandates | 2019-02-05

Törngren Magnell has advised Norvestor on its acquisition of Xllnc

Törngren Magnell has advised Norvestor VII L.P., a fund managed by Norvestor Equity AS, in connection with its acquisition of Xllnc Nordic AB.

Xllnc is a leading supplier of IT lifecycle management solutions for large corporations in the Nordics. The Company’s core solution is its “device-as-a-service” offering, helping organisations evaluate their IT needs, plans, procurement and finance in addition to configuring IT equipment. Additional services include monitoring and managing corporate IT assets such as PCs, tablets and mobile phones throughout their lifecycle, including support and logistics. Xllnc is headquarted in Växjö, Sweden, with appr. 200 employees and had revenues of appr. SEK 1.3 billion in 2018.

Törngren Magnell’s team was led by Sten Hedbäck (partner) and Vaiva Eriksson (partner), and also included Anna Bjurell (Senior Associate, M&A), Sofia Lindh (Associate, M&A), Mikael Ahlberg (Associate, M&A), Emma Borg (Associate, M&A), Louise Wedar (Associate, Banking & Finance), Lisa Ericsson (Senior Associate, employment), Cecilia Bergman(Associate, employment) and Catharina Danielsson (Associate, Real Estate).