M&A and similar transactions-arkiv

TM & Partners has advised Team Olivia in connection with the divestment of the Danish company Attrives A/S to Carelink A/S.

Team Olivia has entered into an agreement to sell Attrives A/S, comprising the group’s operations in Denmark. The transaction is subject to approval from the relevant competition authorities and is expected to be completed after the summer.

Carelink A/S is one of Denmark’s largest Danish-owned care groups, with more than 20 years of experience in care and social services. Its operations are clearly focused on the same areas as Team Olivia Denmark, meaning that the companies share expertise, experience and values.

For Team Olivia, the transaction is a natural step in line with its majority owner’s strategy and creates strong conditions for continued development in both Denmark and Sweden. The transaction also enables Team Olivia to further strengthen its focus on the Swedish operations, where the group holds a strong position within personal assistance.

TM & Partners’ team consisted of:
Sten Hedbäck (Partner)
Anna Elheim Sylten (Counsel)
Lovisa Björk (Associate)
Sofie Åkerlund (Associate)
Elin Torpman (Associate)
Isabella Jizi (Associate)

Bech-Bruun assisted with advice on Danish law.

TM & Partners is one of Sweden’s leading business law firms, specialising in transaction advisory, financing and other qualified business law matters.

For more information, please contact responsible partner:
Sten Hedbäck
Mobile: +46 76 00 283 05
Email: sten.hedback@tmpartners.se

TM & Partners has advised the sellers in connection with Natur & Kultur’s acquisition of 80 percent of the shares in the educational publishing company Majema.

Majema is a Swedish educational publisher that develops printed and digital learning materials for preschool class through grade 6. Founded in 1982 and headquartered in Nacka Strand, the company is particularly known for its core educational material series in Swedish, mathematics and English, as well as its planning tools for teachers and students.

Through the transaction, Majema gains a long-term, mission-driven majority owner in Natur & Kultur, while continuing to operate as an independent company with its entrepreneurial culture, distinct brand and established way of working intact.

The acquisition is a strategic step in Natur & Kultur’s continued investment in educational materials and strengthens the group’s overall offering in a segment where demand for high-quality, relevant and engaging content continues to grow.

TM & Partners’ team consisted of:
Niclas Högström (Partner)
Tom Bovaller (Senior Associate)
Axel Westerberg (Associate)

For more information: https://www.nok.se/press/pressmeddelanden/#/embedded/release/4403520/natur-and-kultur-forvarvar-majema-starker-satsningen-pa-laromedel?publisherId=3236311&lang=sv&widget=true

TM & Partners is one of Sweden’s leading business law firms, specialising in transaction advisory, financing and other qualified business law matters.

For more information, please contact responsible partner:
Niclas Högström
Mobile: +46 76 00 283 15
Email: niclas.hogstrom@tmpartners.se

TM & Partners has advised Humble Group in connection with the acquisitions of all shares in XPO Limited (“Jutexpo“) in the United Kingdom and in M. Willumsen AS (“Willumsen“) in Norway. TM & Partners has further advised Humble Group in connection with the divestments of all shares in Performance.R.us AB and Limitless Brands AB.

Jutexpo is a British company active in the distribution of reusable bags in the retail sector. The acquisition is a bolt-on acquisition to Humble Group’s subsidiary Solent Group Limited, with which there is a strong strategic overlap and clear synergy effects. TM & Partners acted as Swedish legal counsel and Shoosmiths acted as local legal counsel to Humble Group in connection with the transaction.

Willumsen is a Norwegian distributor of tea and cosmetics products. The company is planned to be integrated with Humble Group’s subsidiary Vitalkost AS, where there are material synergy effects from operational cost savings as well as increased channel exposure of the companies’ product portfolios. TM & Partners acted as Swedish legal counsel and Selmer acted as local legal counsel to Humble Group in connection with the transaction.

Our team consisted of:
Philip Rämsell (Partner, M&A)
Elin Torpman (Associate, M&A)

TM & Partners is one of Sweden’s leading business law firms, specialising in transaction advisory and other qualified business law services.

For further information, please contact:
Philip Rämsell
E-mail: philip.ramsell@tmpartners.se
Phone: +46 735 20 74 68

TM & Partners has advised Celeborn Dynamics in connection with the acquisition of all shares in Heltia AB, a company specializing in electronics manufacturing. Heltia offers both manufacturing and services in process and production optimization, with capabilities ranging from small-batch production to high-volume manufacturing.

Celeborn Dynamics provides technical and consultancy services focused on the defence industry.

Our team consisted of:
Philip Rämsell (Partner, M&A)
Lovisa Björk (Associate, M&A)
Isabella Jizi (Associate, M&A)
Rebecca Zorec Jämsä (Associate, Employment Law)

TM & Partners is one of Sweden’s leading business law firms, specialising in transaction advisory and other qualified business law services.

For further information, please contact:
Philip Rämsell
Email: philip.ramsell@tmpartners.se
Phone: +46 735 20 74 68

TM & Partners has advised Norvestor’s portfolio company Tyro Group in connection with the acquisition of AntiAvem AB, a company based in Västerås specialised in preventive and humane bird management. AntiAvem supports a broad customer base with solutions for managing and preventing bird-related challenges such as contamination, property damage, and operational disruptions. The company is known for its tailored solutions that combine technical expertise with modern technologies, such as laser-based deterrent systems and advanced bird protection methods.

Tyro Group is a leading European provider of pest control and hygiene solutions, with operations in eight countries. Through the acquisition, Tyro Group strengthens its presence in Sweden and its ability to deliver specialised and high-quality pest control services.

Our team consisted of:
Sten Hedbäck (Partner, M&A)
Mikael Ahlberg (Counsel, M&A)
Isabella Jizi (Associate, M&A),
Rebecca Zorec Jämsä (Associate, Employment)

For more information, please contact:
Sten Hedbäck
Phone: 076-00 283 05
Email: sten.hedback@tmpartners.se

TM & Partners has advised CombinedX AB (publ) in connection with the divestment of its wholly owned subsidiary Nethouse to Nordlo. The purchase price amounts to SEK 345 million on a cash and debt-free basis.

Nethouse specializes in robust cloud and IT infrastructure, with a focus on systems and applications requiring high levels of availability and security. The company was founded in 1998 and became part of CombinedX in 2020. In the financial year 2025, Nethouse reported revenue of SEK 253 million and EBITA of SEK 34.8 million, excluding management fee.

Nordlo is a Swedish IT group operating in Sweden and Norway, consisting of approximately thirty companies with combined revenues of around SEK 2.5 billion. The group has a strong focus on managed services and cloud-based delivery within infrastructure and cybersecurity.

The TM & Partners team consisted of:
Per Granström (Partner)
Mikael Ahlberg (Counsel)
Axel Westerberg (Associate)

For further information, please contact the responsible partner:
Per Granström
per.granstrom@tmpartners.se
+46 76 00 283 60

TM & Partners has advised Refine Group AB (publ) in connection with the acquisition of 51 percent of the shares in Andy okay AB and a directed share issue, which partially financed the acquisition.

Refine is a corporate group that owns, develops, and scales brands within digital commerce. The company’s shares are listed on Nasdaq First North Growth Market.

The TM & Partners team consisted of:
Philip Rämsell (Partner, M&A)
Axel Westerberg (Associate, M&A)
Jonas Hämälä (Partner, Capital Markets)
Philip Bihl (Senior Associate, Capital Markets)
Johanna Sternudd (Associate, Capital Markets)

TM & Partners is one of Sweden’s leading business law firms, specializing in transactional advisory and other advanced commercial legal services.

For more information, please contact:
Philip Rämsell
Email: philip.ramsell@tmpartners.se
Phone: +46 735 20 74 68

TM & Partners has advised Colive AB in connection with the acquisition of a portfolio of hotel units from Forenom. The acquisition is structured as a transfer of business and comprises hotel units in Sweden.

As a result of the acquisition, Colive is launching an entirely new hybrid concept combining hotel accommodation with community-based and flexible living environments. The acquisition is an important step in Colive’s continued expansion within flexible urban living and strengthens the company’s position as a leading community-living operator in the Nordics.

Our team consisted of:
Per Granström (Partner)
Catharina Ull (Senior Associate)
Samuel Net (Associate)
Edith Gunnarsson (Associate)

For more information, please contact:
Per Granström
E-mail: per.granstrom@tmpartners.se
Phone: +46 76 00 283 60

TM & Partners has advised Umeå Energi in a pioneering industrial project that forms an important part of Umeå’s efforts to achieve its climate and growth targets. The project enables the construction of an electrofuel facility in collaboration with Liquid Wind and the newly established company FS3AB. The facility is expected to produce up to 100,000 tonnes of fossil-free methanol per year, which can replace fossil fuels in sectors such as maritime shipping.

The fossil-free methanol is produced by capturing biogenic carbon dioxide from the flue gases of combined heat and power plants, a solution that strengthens both local sustainability and European energy security. According to Liquid Wind, the project is of strategic importance for both Sweden and the EU’s green transition.

TM & Partners acted as legal advisor to Umeå Energi in the drafting and negotiation of the agreements that form the basis for the project’s implementation. These include financing arrangements, guarantee undertakings, and cooperation agreements between Umeå Energi and FS3AB, which will own and operate the facility.

For more information about the project, please refer to the press release:
https://www.umeaenergi.se/aktuellt/umea-energi-och-liquid-wind-tar-nasta-steg-mot-elektrobransleanlaggning

TM & Partners team consisted of:
Per Granström (Partner)
Fredrik Gustafsson (Partner)
Catharina Ull (Senior Associate)
Francisco Stråhle (Associate)
Elin Torpman (Associate)

For more information, please contact the responsible partner:
Per Granström
Email: per.granstrom@tmpartners.se
Phone: +46 76 00 283 60

TM & Partners has advised CombinedX AB (publ) and its subsidiary Elvenite AB in connection with the acquisition of ERPkonsult AS, a Norwegian consulting firm specialised in implementation and management of the Infor M3 ERP system serving large clients in Norway.

The acquisition strengthens Elvenite’s position as the leading specialist within Infor M3 and related BI and AI services in the Nordics, which is in line with CombinedX (publ) growth strategy to build specialist companies with market leading positions.

Our team consisted of:
Per Granström (Partner, M&A)
Mikael Ahlberg (Counsel, M&A)
Samuel Net (Associate, M&A)
Jacob Elovsson Hultin (Senior Associate, Capital Markets)
Vilma Hansson (Associate, Employment)

For more information, please contact:
Per Granström
E-post: per.granstrom@tmpartners.se
Tel: 076-00 283 60