Carolin von Oelreich

We have assisted Hines in their first acquisition in Sweden

We have assisted Hines European Property Partners in connection with the indirect acquisition from the kitchen manufacturer Nobia of an industrial property currently being constructed in Jönköping.

The deal is structured as a sale and leaseback-transaction, where Nobia, in connection with the divestment, enters into a lease agreement with an initial term of 20 years. The new factory, which will be used in Nobia’s production of kitchens, covers approximately 129,500 square meters and is expected to be completed in autumn 2024. The agreed property value amounts to SEK 1.35 billion.

Hines is an American real estate company founded in 1957, which is currently holding properties in approximately 30 different countries. The acquisition in Jönköping is Hines’ first acquisition in Sweden.

Nobia is a kitchen producer, primarily known for the brands Marbodal, HTH and Norema, and has previously carried out its operations in Tidaholm.

Our team consisted of:

• Cecilia Rudels (Partner, Banking and Finance)
• Jens Haneklint (Partner, Real Estate)
• Natalie Bretz (Partner, Real Estate)
• Johan Aronsson (Senior Associate, Real Estate)
• Catharina Danielsson (Senior Associate, Real Estate)
• Matilda Andersson (Associate, Real Estate)
• Oskar Warberg (Associate, Real Estate)
• Carolin von Oelreich (Senior Associate, Banking and Finance)
• Kristoffer Vasberg (Associate, Banking and Finance)
• Jacob Gustafsson (Associate, Banking and Finance)

For more information about the transaction, please visit Hines or Fastighetsvärlden.

Legal advisor to Team Olivia in connection with sale to Attendo

We advise Team Olivia in connection with the sale of Team Olivia’s Swedish care division, including the operations within Individual & Family and Home Care business, to Attendo. The division, which in the transaction is valued at SEK 950 million on a cash and debt free basis, includes appr. 120 care units with close to 3,000 employees, with annual sales of appr. SEK 1,350 million.

The transaction is subject to customary conditions and approvals and is expected to close in the beginning of 2024.

Team Olivia’s main owner is Procuritas Capital Investors IV GP Ltd.

Our team consists of:

• Sten Hedbäck (Partner, M&A)
• Vaiva Eriksson (Partner, M&A)
• Fredrik Gustafsson (Partner, Tech)
• Anna Jerndorf (Partner, Employment Law)
• Arvid Riemer (Associate, M&A)
• Johan Mörlin (Associate, M&A)
• Tom Bovaller (Associate, M&A)
• Lovisa Björk (Associate, M&A)
• Louise Warvsten (Associate, M&A)
• Carl Östlund (Senior Associate, Employment Law)
• Vilma Hansson (Associate, Employment Law)
• Amela Balijaj (Senior Associate, Real Estate)
• Johan Aronsson (Senior Associate, Real Estate)
• Erik Woodcock (Senior Counsel, Tech)
• Alexandra Rosell (Senior Associate , Tech)
• Carolin Von Oelreich (Senior Associate, Banking and Finance)
• Mikaela Nordh (Senior Associate, Banking and Finance)
• Anastasia Lindström (Associate, Banking and Finance)

For more information, please contact Sten Hedbäck:
E-post: sten.hedback@tmpartners.se
Tel: +46 76 00 283 05

TM & Partners has assisted OBOS in connection with OBOS and Veidekke jointly entering the Wendelstrand project in Mölnlycke and acquiring 19,500 gross area to build around 200 residential units

OBOS and Veidekke become partners in the residential area Wendelstrand, right by Landvettersjön in Härryda municipality, 15 minutes from central Gothenburg. The seller is Next Step Group where OBOS and Veidekke acquire 19,500 gross area to build around 200 residential units. Within the residential area, the intention is to build both residential units for families and residential units for single persons in an area in the Gothenburg region that is close to both nature, services and the city.

For more information, please visit:

Fastighetsvärlden

Fastighetssverige

Mynewsdesk

TM & Partners’ team consisted of :

• Safa Mahmoudi (Partner)
• Catharina Danielsson (Senior Associate)
• Andreas Sahlstedt (Associate)
• Matilda Andersson (Associate)

TM & Partners legal advisor to CombinedX AB (publ) in connection with the acquisition of Absfront AB

TM & Partners has advised CombinedX (publ) in connection with the acquisition of all shares in the consulting company Absfront AB, which is specialised in business applications with a focus on CRM. The acquisition was partly financed through a directed issue of new shares in CombinedX. For further information, please see their press release here.

CombinedX offer entire best of breed systems through eight fully owned specialist companies. Each
making use of market leading technology and have the business knowhow within their niche.

TM & Partners’ team consisted of :

• Per Granström (Partner)
• Sara Jacobson (Associate)
• Hanna Hillgren (Associate)
• Louise Warvsten (Associate)

TM & Partners has Assisted Arwidsro in the Acquisition of Properties in the Municipality of Gislaved

TM & Partners has assisted Arwidsro Fastighets AB in the acquisition of three properties in Smålandia in Gislaved municipality from Boxhult AB. The acquisition includes 7,447 square meters of lettable area with a property value of SEK 120 million and a rental value of SEK 9.4 million.

For more information regarding the transaction, please see the following links:

https://www.fastighetsvarlden.se/notiser/arwidsro-forvarvar-i-smalandia-handelsomrade/

https://www.fastighetssverige.se/artikel/arwidsro-koper-for-120-miljoner-i-gislaved-45444

TM & Partners’ team consisted of :

• Jens Haneklint (Partner)
• Catharina Danielsson (Senior Associate)
• Oskar Warberg (Associate)

TM & Partners has Advised Atlas Copco Gruppens Gemensamma Pensionsstiftelse

TM & Partners has advised Atlas Copco Gruppens Gemensamma Pensionsstiftelse in connection with the sale of its shareholding in Vacse AB (publ) to Volvo Personvagnars Pensionsstiftelse. Vacse is a real estate company founded by the Swedish pension foundations associated to Ericsson, Skanska, Apoteket, Volvo, Stora Enso, Sandvik and Atlas Copco. The company owns, manages and develops community service properties that are leased to public tenants (mainly the police, courts administration and education).

TM & Partners team comprised of :

• Vaiva Eriksson (Ansvarig delägare, M&A)
• Anna Elheim-Sylten (Senior Associate, M&A)
• Arvid Riemer (Associate, M&A)

TM & Partners has Assisted Veranex in the Acquisition of Devicia and Clarvin

TM & Partners has served as Swedish legal counsel to Veranex Inc in connection with the acquisition of Devicia AB and Clarvin AB together with their affiliated companies Kickfile AB, Lea Group AB och Limulus Bio AB. The acquired companies are a portfolio of full-service medical device consultancy companies, providing regulatory and clinical affairs, quality assurance, and biocompatibility services for medical devices and in vitro diagnostic (IVD) devices.

Veranex is a global tech-enabled service provider dedicated to the medical technology industry.

TM & Partners team was led by:

• Vaiva Eriksson (Partner, M&A) and Mikael Ahlberg (Senior Associate, M&A)

and also included:

• Johan Mörlin (Associate, M&A)
• Tom Bovaller (Associate, M&A)
• Louise Warvsten (Associate, M&A)
• Lisa Ericsson (Counsel, Employment)
• Karolina Kjellberg (Senior Associate, Tech)
• Ulrica Alvestrand Körling (Senior Associate, Real Estate)
• Oskar Warberg (Associate, Real Estate).

Read more about Veranex here

TM & Partners has Advised Färna Invest in Connection with the Acquisition of Indiska

TM & Partners has advised Färna Invest AB, an investment company founded and owned by Gerald Engström, in connection with the acquisition of all assets and rights from Indiska Magasinet AB bankruptcy estate through the newly formed company Indiska 1901 AB. Indiska offers home furnishings, clothing and accessories and operates in Sweden, Norway and Finland.

TM & Partners’ team consisted mainly of the Partners Jens Haneklint, Johan Wigh and Anna Jerndorf, the Senior Associate Amela Balijaj, and the Associates Jacob Elovsson Hultin, Carl Östlund, Matilda Andersson and Philip Bihl.

TM & Partners has advised Skanska

TM & Partners has advised Skanska in connection with its EUR 500m sustainability linked Revolving Credit Facility.

The interest rate margin is linked to Skanska’s sustainability strategy with KPIs related to Skanska’s ambitious climate targets. Crédit Agricole Corporate and Investment Bank, Nordea and SEB acted as Joint Coordinators, Mandated Lead Arranges and Bookrunners. SEB also acts as the Sustainability Coordinator.

For Skanska’s announcement: see here.

TM & Partners’ team on the transaction was led by partner Cecilia Rudels and included senior associate Carolin von Oelreich and associate Anastasia Lindström.

Norvestor has divested Nomor to ServiceMaster

Törngren Magnell has asssisted Norvestor VI L.P. in connection with the sale of Nomor Holding AB to ServiceMaster Global Holdings, Inc. for a purchase price of appr. USD 200 million.

Nomor is the second largest pest control company in Sweden and Norway operating nationwide within three service areas; Pest control, Food safety and Home & House. Customers include among other insurance companies, property owners, municipalities and the HoReCa industry.

Törngren Magnell advised Norvestor in connection with its acquisition of Nomor in May 2014 and supported Nomor in connection with its nine strategic acquisitions in Norway and Sweden. During Norvestor’s ownership sales have increased from appr. SEK 104 million to appr. SEK 500 million.

Törngren Magnell’s team consisted of Sten Hedbäck (partner, M&A), Vaiva Eriksson(partner, M&A), Bruce McGinn (counsel, M&A), Philip Reznik (associate, M&A), Carl Östlund(associate, M&A), Emma Borg (associate, M&A), John Park (associate, M&A), Cecilia Bergman(associate, Employment), Catharina Danielsson (associate, Real Estate) and Carolin von Oelreich (associate, Banking & Finance).

nVent acquires Eldon Group

Törngren Magnell advised the owners of Eldon Holding AB on sale of the Eldon Group to nVent Electric plc, valuing Eldon at USD 130 million on a cash and debt free basis. Eldon is an innovative, customer-focused business with a high-quality portfolio of electrical enclosure solutions and annual sales of approximately USD 90 million. nVent is a global leader in electrical connection and protection solutions with main offices in London listed on NYSE. nVent employs some 9,000 people around the world. The combination of the nVent and Eldon product portfolios, including combined marketing, sales and operational capabilities, will form a strong market position which is expected to provide an excellent basis for accelerating global growth. For further information regarding the transaction please refer to Eldon Group’s global website.

Törngren Magnell acted as lead legal advisor to the sellers with assistance from global law firm CMS offices in Germany, Austria, Spain, Belgium, Netherlands, Romania, Norway and UK. Törngren Magnell’s team consisted of Peter Törngren (client responsible), Sten Hedbäck and Bruce McGinn (project leaders), Emma Borg (M&A), John Park (M&A) and Carolin von Oelreich (Banking & Finance).