Sök

TM & Partners has assisted Departments & Stores Europe AB (DSE) in connection with the transfer of its business in the department stores of Nordiska Kompaniet in Stockholm and Gothenburg to NK Retail AB. The buyer is a subsidiary to AB Nordiska Kompaniet which is a subsidiary to Hufvudstaden. Through the sale approximately 40 departments will be transferred in NK Stockholm and Gothenburg. DSE generated revenues of SEK 773 million in the financial year of 2019/2020. All employees, about 400, will be offered employment at NK Retail AB.

TM & Partners team comprised Niclas Högström (Partner), Tobhias Brandell (Partner), Fredrik Gustafsson (Partner), Mikael Ahlberg (Associate), Sofia Lindh (Associate), Sara Jacobson (Associate), Karolina Kjellberg (Associate), John Park (Associate) and Robin Berqvist (Associate).

Törngren Magnell & Partners has assisted Mitsubishi Estate and Europa Capital, in a purchase of an attractive office project property in Stockholm CBD from AFA Insurance. The property is located on Sveavägen 32-36 and comprises approx. 7,000 sq. m. office area. This is Mitsubishi Estate’s and Europa Capital’s second purchase in Sweden.

We are very pleased and proud to be entrusted again in connection with Mitsubishi Estate’s and Europa Capital’s purchase of an office property in Stockholm CBD, says Safa Mahmoudi, responsible partner. The purchase also shows that office properties in Stockholm CBD are still very attractive investments for international investors. Now an exciting project will commence to create sustainable and modern offices in a super location, together with NCAP.

For more information, please see press release.

Törngren Magnell & Partners’ team consisted of Safa Mahmoudi (responsible partner), Amela Balijaj (project leader), Andreas Sahlstedt and Johan Aronsson (associate).

Johan Wigh, Sebastian Hellesnes and Jacob Elovsson Hultin analyse important legal issues regarding listings of so-called Special Purpose Acquisition Companies (“SPACs”) in Sweden.

Listings of Special Purpose Acquisition Companies (“SPACs”) have been popular in the US for a long time, including in the last decade. Despite high activity in the Swedish IPO market, with record breaking numbers of transaction and great demand for new IPOs (also for companies that are in early phase and not yet profitable), SPACs have yet to be introduced in Sweden. We have, however, noted an increased interest from clients around the possibility to launch a Swedish SPAC and in this memorandum, we outline the basic concept of a SPAC and describe key issues/hurdles to be considered in relation to Swedish SPAC listing projects.

Read the article here.

TM & Partners has assisted Intea Fastigheter AB (publ) in the acquisition of three commercial properties on the university area in Halmstad from Castellum. The portfolio has a lettable area of ​​approximately 32,000 sqm. Halmstad University is the largest tenant with approximately two thirds of the total rental value.

For more information, please see the following link: press release.

TM & Partners’ team consisted of Natalie Bretz (Partner), Amela Balijaj (Associate) and Catharina Danielsson (Associate).

Törngren Magnell & Partners has assisted Nordr, previously Veidekke Eiendom, in a forward funding sale of an attractive residential project property in Sundbyberg, Stockholm to Bantorget Hyresbostäder.

The project consists of 169 residential units in five separate buildings comprising a total of approx. 9,000 sq. m. For more information, please see press release.

Törngren Magnell & Partners’ team consisted of Safa Mahmoudi (partner), Amela Balijaj(project leader) and Andreas Sahlstedt (associate).

TM & Partners has assisted OBOS, in a purchase of a residential project property (Tårpilen) located in an attractive part of Sollentuna. The Tårpilen project consists of 160 residential units, comprising a total of approx. 14,000 sq. m., and will be an important part of OBOS’ launch of its membership initiative in Sweden. For more information, please see press release.

Törngren Magnell & Partners’ team consisted of Safa Mahmoudi (partner), and Amela Balijaj (project leader).

TM & Partners has assisted Arwidsro in its acquisition of three properties in Sjöbo Väst and Skurups handelsplats from Melica Invest AB. The acquisition includes 9 330 square meters of lettable area with a total property value of 125 MSEK.  The properties hold a strong mix of tenants such as Coop, Lloyds Apotek and Dollarstore. Through the transaction Arwidsro further strengthens its position in retail properties. For further information regarding the transaction, please see the press release.

TM & Partners’ team consisted of Jens Haneklint (Partner), Ulrica Alvestrand Körling(Associate) and Andreas Sahlstedt (Associate).

TM & Partners has assisted Arwidsro in its acquisition of the property Skurup Akka 4, located in Skurups handelsplats, from TAM Retail AB. TAM Retail will build a Willys store on the property with a planned opening in late 2021 and the transaction will be consummated in connection with the opening. For further information regarding the transaction, please see the press release.

TM & Partners’ team consisted of Jens Haneklint (Partner), Amela Balijaj (Associate), Ulrica Alvestrand Körling (Associate) and Andreas Sahlstedt (Associate).

TM & Partners has acted as legal advisor to CDON AB and Nelly Group AB (publ) (formerly Qliro Group AB (publ)) in connection with the distribution of all of the shares in CDON to the shareholders of Nelly Group and the subsequent listing of CDON. Trading with CDON’s shares on Nasdaq First North Growth Market commenced on 6 November 2020.

CDON has been a Nordic e-commerce pioneer since 1999. Today CDON is the leading local marketplace in the Nordics, with over 1,300 connected merchants and two million customers.

TM & Partners’ teams consisted mainly of:

TM & Partners has advised Posti Group in connection with the divestment of Posti Messaging Scandinavia to Ropo Capital, a portfolio company to Adelis Equity. Posti Messaging Scandinavia is a major provider of high-volume multichannel transaction flows in Sweden and Norway, with net sales in 2019 of approximately EUR 38 million and around 100 employees.

TM & Partners’ team was led by Vaiva Eriksson (Partner, M&A) and comprised Mikael Ahlberg (Associate, M&A), Emma Borg (Associate, M&A), Anna Bjurell (Senior Associate, M&A), Lisa Ericsson (Counsel, Employment), Fredrik Gustafsson (Partner, Tech) and John Park (Associate, Tech).