Johan Wigh

TM & Partners has advised NextCell in connection with its rights issue

TM & Partners has advised NextCell Pharma AB (publ) in connection with its rights issue of units, consisting of shares and warrants, of approximately SEK 40 million. In the event of full utilization of all outstanding warrants, the company can receive additionally a maximum of approximately SEK 113 million.

NextCell is a cell therapy company that is in phase 2 studies with the drug candidate ProTrans for the treatment of type 1 diabetes. NextCell owns Cellaviva, the largest stem cell bank in the Nordics and QVance, a quality analysis CRO company in start up. NextCell’s shares are admitted to trading on Nasdaq First North Growth Market.

Our team consisted of:
Johan Wigh (Partner)
Jacob Elovsson Hultin (Associate)
Philip Bihl (Associate)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: +46 76 00 283 26

TM & Partners legal advisor to Jetpak Top Holding AB (publ) in connection with the voluntary cash offer from Notalp Logistik AB and the cash mandatory offer from Pak Logistik Intressenter AB

TM & Partners acts as legal advisor to Jetpak Top Holding AB (publ) (“Jetpak”) in connection with the cash mandatory offer from Pak Logistik Intressenter AB and the voluntary cash offer from Notalp Logistik AB for all shares in Jetpak.

The mandatory offer values all outstanding shares in Jetpak to approximately SEK 1.1 billion and the voluntary cash offer values all outstanding shares in Jetpak to approximately SEK 1.2 billion.

Jetpak is a leading logistics and courier company offering solutions for fast and flexible transportation in the Nordic region and Europe. Jetpak’s shares are admitted to trading on Nasdaq First North Premier Growth Market.

Our team consisted of:
Johan Wigh (Partner)
Jonas Hämälä (Partner)
Hanna Hillgren (Senior Associate)
Vilhelm Norberg (Associate)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: +46 76 00 283 26

TM & Partners has advised Neovici Holding AB (publ) in connection with its listing on Nasdaq First North Growth Market

TM & Partners has advised Neovici Holding AB (publ) in connection with the listing of the company’s shares on Nasdaq First North Growth Market. The trading in the company’s shares commenced on 2 July 2024.

Neovici offers AI-based, automated solutions for management of financial transaction both within and between companies. The company’s clients primarily consist of businesses with big volumes of business-critical transactions.

Our team consisted of:
Johan Wigh (Partner)
Jacob Elovsson Hultin (Associate)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: +46 76 00 283 26

We have advised Smart High Tech in its directed new share issue through an accelerated bookbuilding procedure

TM & Partners has advised SHT Smart High-Tech AB in connection with a directed new share issue through an accelerated bookbuilding procedure, raising approximately SEK 90 million. The investors in the directed new share issue included a number of Swedish and international institutional investors.

Through its patented product GT-TIM®, SHT Smart High Tech has developed a graphene-reinforced and polymer-based Thermal Interface Material, TIM, for cooling electronics, power modules, LEDs and other heat-sensitive and heat-intensive products.

Our team consisted of:

Jonas Hämälä (Partner)
Johan Wigh (Partner)
Philip Bihl (Associate)
Vilhelm Norberg (Associate)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: +46 76 00 283 26

We advise Färna Invest in connection with its public takeover offer to the shareholders of ChromoGenics

TM & Partners advises Färna Invest in connection with its recommended public takeover offer to the shareholders of ChromoGenics.

ChromoGenics is a proptech company that produces smart dynamic glass, improving indoor environment and well-being while reducing energy consumption, operational costs, and climate impact in real estate. ChromoGenics’ shares are listed on Nasdaq First North Growth Market.

Färna Invest is an investment company owned by Gerald Engström, founder and chairman of Systemair AB and main shareholder and former board member of HANZA AB.

Our team consisted of:

• Johan Wigh (Partner)
• Jonas Hämälä (Partner)
• Philip Bihl (Associate)
• Jacob Elovsson Hultin (Associate)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: +46 76 00 283 26

We have advised SaltX Technology in connection with directed share issue and cooperation agreement

We have advised SaltX Technology Holding AB (publ) in connection with a directed share issue of approximately SEK 38 million to Switzerland Ltd, SMA Mineral AB and Stiftelsen Industrifonden as well as a cooperation agreement entered into with ABB Switzerland Ltd.

SaltX Technology is a Swedish green tech company that operates within the electrification of emission-intensive industries such as the lime and cement industries. SaltX Technology’s shares are admitted to trading on Nasdaq First North Premier Growth Market.

Our team consisted of:

• Johan Wigh (Partner, Capital Markets)
• Fredrik Gustafsson (Partner, Tech)
• Alexandra Rosell (Senior Associate, Tech)
• Philip Bihl (Associate, Capital Markets)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: +46 76 00 283 26

We have advised CombinedX AB (publ) on the acquisition of the consulting business M3CS

We have assisted CombinedX (publ), which through its wholly owned subsidiary CombinedX Professional Services, has acquired the business of M3CS AB. The acquisition took place through an asset transfer and entails that the business will be conducted under the existing name but with a new registration number.

The consultancy business M3CS AB engages around 80 consultants, with expertise and experience in implementing, managing, and supporting Infor’s business system M3 and the CloudSuite platform with associated integrations.

CombinedX is a knowledge company with the ambition to be a market-leading specialist company that helps companies and organisations take advantage of the opportunities of digitalisation. It delivers services through wholly owned specialist companies, each of which has market-leading technology and business expertise in its niche.

For more information, see the press release.

Our team consisted, amongst others, of:

• Per Granström (Partner, M&A)
• Fredrik Gustafsson (Partner, Tech)
• Johan Wigh (Partner, Capital markets)
• Erik Woodcock (Senior counsel, Tech)
• Sara Jacobson (Associate, M&A)
• Louise Warvsten (Associate, M&A)
• Tom Bovaller (Associate, M&A)
• Lovisa Björk (Associate, M&A)
• Vilma Hansson (Associate, Employment law)
• Hanna Hillgren (Senior associate, Capital markets)

We have advised Arcario AB in connection with acquisition and directed share issue

We have advised Arcario AB in connection with the acquisition of all shares in the Norwegian company Vanir Finance AS.

In connection with the acquisition, a directed shares issue was completed through which Arcario received proceeds of SEK 7.5 million.

Arcario is an industrial investment company focused on the financial market, with a wide range of solutions within the digital asset space.

Read more about Arcario.

Our team consisted mainly of:

• Johan Wigh (Partner, Capital Markets)
• Hanna Hillgren (Senior Associate, Capital Markets)

Legal advisor to Permascand Top Holding AB

TM & Partners is advising Permascand Top Holding AB (“Permascand” or the “Company”) in connection with Altor PC AB’s recommended public offer to the shareholders of Permascand. Altor PC offers a cash consideration of SEK 17 per share in Permascand, corresponding to a value of all shares in the Company of SEK 1,008 million.

Permascand is an independent technology-driven manufacturer of electrochemical solutions based on proprietary catalytic coatings for clean tech applications. Permascand is headquartered in Ljungaverk, Sweden, with operations including R&D, Technology Development and Production. Permascand’s shares are admitted to trading on Nasdaq First North Premier Growth Market.

For more information, please visit Permascand’s website.

Our team consisted of:

• Sten Hedbäck (Partner, M&A)
• Johan Wigh (Partner, Capital Markets)
• Philip Bihl (Associate, Capital Markets)
• Jacob Elovsson Hultin (Associate, Capital Markets)
• Vilhelm Norberg (Associate, Capital Markets)
• Tom Bovaller (Associate, M&A)
• Lovisa Björk (Associate, M&A)
• Arvid Riemer (Associate, M&A)

For more information, please contact Johan Wigh:
E-mail: johan.wigh@tmpartners.se
Phone: 076 002 83 26

We have advised SaltX Technology in connection with its rights issue

We have advised SaltX Technology Holding AB (publ) in connection with its rights issue of shares of approximately SEK 69 million.

SaltX Technology is a Swedish green technology company that operates in electrification technology primarily for the lime and cement industry and large-scale industrial energy storage. SaltX Technology’s shares are admitted to trading on Nasdaq First North Premier Growth Market.

Our consisted mainly of:

• Johan Wigh
• Philip Bihl
• Jacob Elovsson Hultin

TM & Partners legal advisor to Teqnion AB in connection with directed issue

Teqnion AB (”Teqnion”) has completed a directed issue of shares to Phoenician Capital (USA), Braddock Partners (advisor, Akre Capital Management) (USA), Woodlock House Family Capital/Chris Mayer (USA), Spiltan Invest (Sweden), REQ Capital (Norway) and Axxion S.A on behalf of P&R Real Value (UK). Through the share issue, Teqnion receives proceeds of approximately SEK 175 million.

TM & Partners and Milbank LLP acted as legal advisors to Teqnion in connection with the directed issue.

Our team primarily consisted of:

• Johan Wigh (partner)
• Hanna Hillgren (associate)
• Philip Bihl (associate)

TM & Partners has advised FUUD in connection with a rights issue and a directed convertible issue

TM & Partners has advised FUUD AB (publ) in connection with a rights issue of units, consisting of shares and warrants, and a directed convertible issue. Through the rights issue, the company initially receives approximately SEK 63.6 million before deduction of issue costs, and through the directed convertible issue, the company receives approximately SEK 23 million.

With the vision of becoming a leading Nordic company in the FMCG market, FUUD brings together a number of Swedish brands within Functional Foods under one roof. Today, FUUD is a group of companies active in a number of different product categories with a total of eleven brands, including Beijing8, IQ Fuel and Homie. FUUD’s shares are admitted to trading on Nasdaq First North Growth Market.

TM & Partners’ team consisted mainly of Johan Wigh (Partner), Philip Bihl (Associate), Jacob Elovsson Hultin (Associate) and Emily Frempomaa (Associate).

TM & Partners has advised SaltX Technology Holding AB (publ) in connection with a cooperation agreement and directed share issue

SaltX Technology Holding AB (publ) has entered into a commercial cooperation agreement with SMA Mineral AB (“SMA”), one of the largest lime producers in the Nordic region, to start manufacturing green lime. As part of the collaboration, SaltX has carried out a directed issue to SMA which contributes approximately SEK 73 million to SaltX.

SaltX develops and sells patented energy storage solutions. SaltX works to develop and offer sustainable technology and solutions that benefit customers, the climate, and the society.

TM & Partners acted as legal advisor to SaltX in connection with the cooperation agreement and the directed share issue and Stockholm Corporate Finance AB acted as financial advisor in connection with the directed share issue. TM & Partners’ team consisted mainly of Johan Wigh (Partner) and Jacob Elovsson Hultin (Associate).

TM & Partners has advised Vivesto in connection with a fully secured rights issue of SEK 151 million

TM & Partners has advised Vivesto AB in connection with a fully guaranteed rights issue of SEK 151 million. Danske Bank A/S, Sverige filial acted as financial adviser and Sole Bookrunner in connection with the rights issue.

Vivesto is a specialty pharmaceutical company focused on the development of new therapeutic options for patients suffering from hard-to-treat cancers. The company has proprietary drug delivery technology designed to improve solubility, efficacy and safety. Vivesto’s shares are listed on Nasdaq Stockholm.

TM & Partners’ team consisted of Johan Wigh (Partner), Jacob Elovsson Hultin (Associate), Philip Bihl (Associate) and Emily Frempomaa (Associate).

TM & Partners has advised CombinedX AB (publ) in connection with its listing on Nasdaq First North Premier Growth Market

TM & Partners has advised CombinedX AB (publ) in connection with the listing of the company’s shares on Nasdaq First North Premier Growth Market. The trading in the company’s shares on Nasdaq First North Premier Growth Market commenced on 28 March 2022.

CombinedX is a group of IT consulting companies that helps companies and organizations take advantage of the opportunities of digitalization. The company delivers its services through nine wholly owned specialist companies, each of which has market-leading technology and business know-how in its niche. The specialist companies are Nethouse, Elvenite, Netgain, CloudPro, Ninetech, Viewbase, Attentec, Smartsmiling and Two.

TM & Partners’ team consisted mainly of Johan Wigh (Partner, Capital Markets), Per Granström (Partner, M&A), Hanna Hillgren (Associate, Capital Markets), Bianca Karlberg (Associate, Capital Markets) and Tom Bovaller (Associate, M&A).

TM & Partners has assisted Fuud in connection with the signing of agreements regarding the acquisition of GI-boxen and Foodbox

TM & Partners has assisted FUUD AB (publ) in connection with the signing of agreements regarding the acquisition of all shares in GI-boxen Sweden AB and Foodbox Scandinavia AB.

GI-boxen is a fast-growing company in E-commerce of healthy food. GI-boxen sells a selection of nutritious and tasty frozen ready-made dishes with a balance of proteins, natural fats and healthy carbohydrates. Foodbox is a company within the segment of exercise and health with over 450 retailers in Sweden. The company sells a selection of 13 healthy ready-made dishes, which are sold in the company’s own freezers in gyms, sports halls and other training facilities across the country. The dishes are created to promote an active life for those who want to feel good and get in shape.

For further information, please see press release.

TM & Partners’ team was led by partners Vaiva Eriksson and Johan Wigh, assisted by associates Sofia Lindh, Tom Bovaller, Philip Bihl, Jacob Elovsson Hultin, Sara Jacobson, Cecilia Bergman, Markus Ellström and Alexandra Rosell.

TM & Partners advisor in connection with the distribution and listing of Careium at Nasdaq First North Growth Market

TM & Partners has advised Careium AB (publ) (“Careium”) and DORO AB (“Doro”) in connection with the distribution of all shares in Careium to the shareholders of Doro, and the subsequent listing of Careium’s shares on Nasdaq First North Growth Market. Trading with Careium’s shares on Nasdaq First North Growth Market commenced on 10 December 2021.

Careium, formerly Doro’s business area Doro Care, is one of the leading players in technology-enabled care in Europe. Careium’s offering in the field of technology-enabled care is broad; software platform, in-home and mobile social alarms, remote monitoring and alarm response are offered to public operators, civil society and private companies. The company provides its services to more than 400,000 seniors in Sweden, Norway, the Netherlands and the United Kingdom, the majority being connected to Careium’s six alarm centers, where more than 25,000 alarms are handled every day.

TM & Partners’ teams consisted mainly of:

• Johan Wigh (partner)
• Philip Bihl (associate)
• Jacob Elovsson Hultin (associate)
• Emily Frempomaa (associate)

TM & Partners has advised RNB Retail and Brands AB in connection with the sale of Brothers & Sisters AB, the acquisition of Coala-Life AB and the conversion of notes

TM & Partners has advised RNB Retail and Brands AB (“RNB”) in connection with the sale of Brothers & Sisters. They holds all shares in Brothers AB, to the Norwegian investment company Jotunfjell Partners AS. The acquisition of Coala-Life AB (“Coala-Life”) through an issue in kind, and the conversion of RNB’s notes to unconditional capital contributions and shares in the company.

Jotunfjell Partners AS has a primary focus on Nordic retail, and owns, inter alia, the Swedish retail chain Pagelle.

Coala Life is a Swedish medtech company that focuses on heart diagnostics and digital health. The company has developed a portfolio of solutions based on the Coala, a patented and commercial service for remote monitoring and self-screening of heart sounds and ECG.

As a result of the transactions, RNB changed its business name to Coala-Life Group AB (publ) and its business activities to development, marketing and sale of medtech. In addition, a change of listing of RNB’s shares from Nasdaq Stockholm to Nasdaq First North Growth Market was carried out in connection with the closing of the transactions.

TM & Partners’ team comprised:

• Niclas Högström (Partner, M&A)
• Johan Wigh (Partner, Capital Markets)
• Tobhias Brandell (Partner, Banking & Finance)
• Fredrik Gustafsson (Partner, Technology)
• Sara Jacobson (Associate, M&A)
• Mikael Ahlberg (Associate, M&A)
• Robin Bergqvist (Associate, Banking and Finance)
• Philip Bihl (Associate, Capital Markets)
• Johan Mörlin (Associate, M&A)
• Karolina Kjellberg (Senior Associate, Technology)
• Cecilia Bergman (Senior Associate, Employment)
• Catharina Danielsson (Associate, Real Estate)

TM & Partners legal advisor to Infrea AB in connection with directed issue

Infrea AB (”Infrea”) has completed a directed issue of shares through an accelerated book building procedure, performed by Pareto Securites AB, raising approximately SEK 66.5 million before transaction costs.

Infrea offers products, services and maintenance within infrastructure and civil engineering. The operations are conducted within the business areas Groundworks and Water & Sewage. The business strategy is to acquire and develop companies with a clear business plan. Through dedicated leadership, Infrea is committed to increase growth and profitability.

TM & Partners acted as legal advisor to Infrea in connection with the directed issue. TM & Partners’ team consisted of Johan Wigh (partner), Hanna Hillgren (associate) and Bianca Karlberg (associate). Pareto Securities AB acted as Sole Manager and Bookrunner in connection with the directed issue.

TM & Partners has advised Söder Sportfiske AB in connection with its listing on Nasdaq First North Growth Market

TM & Partners has advised Söder Sportfiske AB in connection with the listing of the company’s shares on Nasdaq First North Growth Market. The trading in the company’s shares on Nasdaq First North Growth Market commenced on 9 September 2021.

Söder Sportfiske is a leading sport fishing company in the Nordic Region with an established omnichannel platform that offers both international e-commerce and physical trade of sport fishing-related products. The company offers a wide and well-thought-out assortment for modern sport fishing, as well as competitive prices and fast deliveries. Moreover, the company owns and develops its own brands: Söder Custom, Söder Tackle and Eastfield Lures, which are primarily sold via the company’s e-commerce.

TM & Partners’ team consisted mainly of Johan Wigh (Partner, Capital Markets) and Hanna Hillgren (Associate, Capital Markets).

TM & Partners has advised Arla Plast AB in connection with its listing on Nasdaq Stockholm

TM & Partners has advised Arla Plast AB in connection with its listing on Nasdaq Stockholm. The trading in the company’s shares on Nasdaq Stockholm commenced on 25 May 2021.

Arla Plast is a producer and supplier of extruded sheets made of technical plastics. The plastic sheets are made of polycarbonate (“PC”), acrylonitrile butadiene styrene (“ABS”) and polyethylene terephthalate glycol (“PETG”), with a large number of areas of application, including safety products, machine glazing, ice hockey rinks, greenhouses, pool covers, sound walls, protective barriers, suitcases, automotive components and various other construction-related areas of application. The Company was founded in 1969 and is headquartered in Borensberg, Sweden. Production takes place at three production facilities located in Borensberg and in Kadaň and Pelhřimov in the Czech Republic.

TM & Partners’ team consisted mainly of:

• Johan Wigh (Partner, Capital Markets)
• Philip Bihl (Associate, Capital Markets)

In addition, a large number of the firm’s lawyers have assisted in their areas of expertise.

TM & Partners legal advisor to SaltX Technology Holding AB (publ) in connection with its private placement of shares

SaltX Technology Holding AB (publ) (”SaltX”) has completed a private placement of shares through an accelerated book building procedure, performed by Pareto Securities AB, raising approximately SEK 60 million before transaction costs.

SaltX develops and sells patented energy storage solutions based on nanocoated salts. The company’s mission is to develop and offer sustainable technology and solutions that will clearly benefit customers, the climate and society. SaltX’s energy storage solution, EnerStore, is a large-scale energy storage solution that stores energy in different forms and generates heat, steam, and electricity to cities and/or industries, enabling transportation of energy. EnerStore is a thermo-chemical storage solution based on SaltX’s unique patented nanocoated salt.

TM & Partners acted as legal advisor to SaltX in connection with the directed issue. TM & Partners’ team consisted of:

• Johan Wigh (Partner)
• Philip Bihl (Associate)
• Jacob Elovsson Hultin (Associate)

Pareto Securities AB acted as Sole Manager and Bookrunner in connection with the directed new issue.

TM & Partners has assisted Oasmia Pharmaceutical in relation to its acquisition of the global development and commercialization rights for Cantrixil

TM & Partners has assisted Oasmia Pharmaceutical (Oasmia) in relation to its acquisition of the global development and commercialization rights for Cantrixil, a clinical stage, ovarian cancer program. The transaction includes an upfront payment of $4 million, milestone payments worth up to $42 million and sales-based royalties. The Australian law firm Allens and TM & Partners advised Oasmia in relation to the transaction.

TM & Partners’ team included Johan Wigh, Fredrik Gustafsson and Alexandra Rosell.

Listings of Special Purpose Acquisition Companies (“SPACs”) in Sweden

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 legal advisors to Arcane Crypto AB in connection with directed issue

Arcane Crypto AB (“Arcane Crypto”) has completed a directed issue of shares to two investors, raising approximately SEK 49.5 million before transaction costs. As part of the transaction, Arcane Crypto has also completed a directed issue of warrants which, if exercised, would raise an additional approximately SEK 24.75 million.

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane Crypto’s aim is to become a leading global powerhouse of crypto through scale up of current businesses, new investments in cutting edge projects and M&A.

TM & Partners acted as legal advisor to Arcane Crypto in connection with the directed issue.

Pareto Securities AB acted as Settlement Agent in connection with the directed issue.

TM & Partners’ team consisted of:

• Johan Wigh (partner)
• Hanna Hillgren (associate)
• Sebastian Hellesnes (associate)

TM & Partners advisor in connection with reverse acquisition of Arcane Crypto on Nasdaq First North Growth Market

TM & Partners has acted as legal advisor to Arcane Crypto AS in connection with the reverse acquisition through which Vertical Ventures AB (publ) acquired all shares in the Norwegian company Arcane Crypto AS, where the consideration consisted of newly issued shares in Vertical Ventures. In connection with the reverse acquisition, Vertical Ventures has changed its company name to Arcane Crypto AB and its operations to Arcane Crypto’s operations. Trading with Arcane Crypto AB’s shares on Nasdaq First North Growth Market commenced on 5 th of February 2021.

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane Crypto’s aim is to become a leading global powerhouse of crypto through scale up of current businesses, new investments in cutting edge projects and M&A.

TM & Partners’ team consisted mainly of :

• Johan Wigh (partner)
• Hanna Hillgren (associate)

TM & Partners advisor in connection with the distribution and listing of CDON at Nasdaq First North Growth Market

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:

• Johan Wigh (partner)
• Sebastian Hellesnes (associate)
• Philip Bihl (associate)

TM & Partners has advised Saxlund in connection with a rights issue

TM & Partners has advised Saxlund Group AB with a rights issue of shares and warrants (“Units”) of approximately MSEK 85. Saxlund is an environmental technology group that develops, manufactures and services equipment and plants for environmentally-friendly and resource-efficient energy production.

TM & Partners acted as legal advisor to Saxlund Group AB in connection with the rights issue. TM & Partners’ team consisted of:

• Johan Wigh (partner),
• Sebastian Hellesnes (associate)
• Hanna Hillgren (associate)

Erik Penser Bank AB acted as financial advisor to Saxlund Group in connection with the rights issue.

TM & Partners legal advisor to Adventure Box Technology AB (publ) in connection with its directed issue

Adventure Box Technology AB (publ) (”Adventure Box”) has completed a directed issue of shares through a private placement, performed by Pareto Securities AB, raising approximately SEK 60 million before transaction costs.

Adventure Box is a computer game technology company based in Stockholm, Sweden. The company provides “Adventure Box”, an online platform where users can make, share and play 3D games. Adventure Box is the world’s only fully online, streamed consumer game engine and sharing platform for user created games. The company’s solution makes it easy for the user to create games. Programming skills are not required. Games are easily shared, one-click to play using streaming. There is no need for resource-demanding down- or uploading of files.

TM & Partners acted as legal advisor to Adventure Box in connection with the directed issue. TM & Partners’ team consisted of Johan Wigh (Partner, Capital Markets), Sebastian Hellesnes (Associate, Capital Markets) and Hanna Hillgren (Associate, Capital Markets). Pareto Securities AB acted as Sole Manager and Bookrunner in connection with the directed new issue.

TM & Partners legal advisor to The Hans and Barbara Bergstrom Foundation in connection with Paradigm Capital’s Public Offer for Internationella Engelska Skolan

TM & Partners advised The Hans and Barbara Bergstrom Foundation in connection with the mandatory public cash offer for Internationella Engelska Skolan i Sverige Holdings II AB (“IES”) made by a consortium led by Paradigm Capital Value Fund SICAV and the joint acquisition vehicle Peutinger. The offer values IES at approximately SEK 3.1 billion. IES, founded by Barbara Bergström, is one of the leading free school operators in Sweden with some 28,000 students at 39 schools in Sweden and 4,600 students in seven schools in Spain.

TM & Partners’ team consisted of Per Granström (Partner, M&A), Johan Wigh (Partner, Capital Markets), Philip Reznik (Senior Associate, M&A) and Sebastian Hellesnes (Associate, Capital Markets).

TM & Partners legal advisor to Inission AB in connection with its directed issue

Inission AB (“Inission”) has completed a private placement of Class B shares through a private placement, performed by Nordea Bank Abp, filial i Sverige, raising approximately SEK 88.3 million before transaction costs.

Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Trondheim (Norway), Lohja (Finland), Lagedi and Tallinn (Estonia). Inission also owns a sales company in Copenhagen. Inission is listed on Nasdaq First North Growth Market.

TM & Partners acted as legal advisor to Inission in connection with the transaction. TM & Partners’ team consisted of Johan Wigh (partner), Sebastian Hellesnes (associate) and Philip Bihl (associate). Nordea Bank Abp, filial i Sverige acted as financial advisor and Sole Bookrunner in connection with the directed new issue.

Törngren Magnell has advised RNB in connection with its rights issue

Törngren Magnell advised RNB RETAIL AND BRANDS AB (publ) on its rights issue of approximately MSEK 84.8. In addition, Törngren Magnell assisted RNB with the written procedure for its MSEK 400 senior secured bond.

RNB owns, operates and develops fashion wear, ready-to-wear clothing, accessories, jewellery and cosmetics stores and e-commerce. Sales are conducted through the concepts Brothers, Departments & Stores, Man of a kind and Polarn O. Pyret. The group has around 250 stores and e-commerce platforms in ten countries.

RNB’s shares are listed on Nasdaq Stockholm.

Törngren Magnell’s team consisted of:

• Johan Wigh (Partner, Capital Markets)
• Sebastian Hellesnes (Associate, Capital Markets)
• Philip Bihl (Associate, Capital Markets)
• Tobhias Brandell (Partner, Banking & Finance)
• Matilde Abejón (Associate, Banking & Finance)

Törngren Magnell has advised Adventure Box Technology AB in connection with an IPO on Nasdaq First North Growth Market

Törngren Magnell has as a legal advisor advised Adventure Box Technology AB on an IPO. Trading of the company’s shares on Nasdaq First North Growth Market was commenced on Monday 2 December 2019.

Adventure Box provides a platform based on 3D voxel technology that enables high-efficiency 3D streaming of computer games. The company offers its users the opportunity to create, share and play computer games online.

Törngren Magnell’s team consisted of Johan Wigh (partner), Hanna Hillgren (associate) and Sebastian Hellesnes (associate).

Törngren Magnell has advised Teqnion AB in connection with an IPO on Nasdaq First North

Törngren Magnell has as legal advisor advised Teqnion AB on an IPO. The company’s shares have obtained admission to trading on Nasdaq First North, which was commenced on Thursday 4 April 2019.

Teqnion AB is an industrial group with a current holding of ten active subsidiaries within three business areas: Industry, Growth and Niche. Through these Teqnion offers leading products and specialist expertise within selected market niches. This includes components, machines, systems and services with high technology content.

Törngren Magnell’s team consisted of Johan Wigh (Partner), Sandra Broneus (Partner), Sebastian Hellesnes (Associate) and Matilde Abejón (Associate).

Törngren Magnell has advised Frill Holding AB (publ) in connection with an IPO on Nasdaq First North

Törngren Magnell has as legal advisor advised Frill Holding AB (publ) on an IPO. The company’s shares have obtained admission to trading on Nasdaq First North, which was commenced on Wednesday 27 March 2019.

Frill is an innovative company that has developed a unique technology platform for frozen foods. The company’s products consist of Frill The Frozen Smoothie and Add ice-cream.

Törngren Magnell’s team consisted of Johan Wigh (Partner), Sandra Broneus (Partner) and Sebastian Hellesnes (Associate).

Törngren Magnell has advised SaltX in connection with its rights issue

Törngren Magnell has advised SaltX Technology Holding AB (publ) with a MSEK 80.6 rights issue. SaltX Technology Holding AB (publ) is a Swedish company with a patented technology for storing energy in salt which can later be extracted in the form of heat or cold. The technology enables energy savings resulting in reduced costs and reduced pollutant emissions. The technology also enables an increased and more flexible use of energy from renewable sources where the challenge previously has been the storage.

The rights issue was carried out to be able to utilize the current state of the market for large scale energy storage and to be able to focus on EnerStore. SaltX Technology Holding AB (publ) is listed in Nasdaq First North Premier.

Törngren Magnell’s team consisted of Johan Wigh (Partner) and Sebastian Hellesnes(Associate).

Törngren Magnell has advised Youcal AB in the process to become a payment institution

TM & Partners has advised Youcal AB with its application to the Sweden’s financial supervisory authority (Swe: Finansinspektionen) for a license to conduct business as a payment institution. The company provides internet-based booking and e-commerce services under the brand Youcal and through boka.se and youcal.com. Customer are by using the service able to book services and activities from companies connected to Youcal through their smartphone, tablet (iOS and Android) or computer. The license was granted on November 27, 2018.

Törngren Magnell’s team consisted of:

• Johan Wigh (Partner)
• Sebastian Hellesnes(Associate)

Törngren Magnell has advised Ripasso Energy AB (publ) in connection with two capital raises

Törngren Magnell has advised Ripasso Energy AB (publ) with a convertible bond issue of MSEK 25.1 which was subscribed to 153 % and a share issue of MSEK 91.7 which was subscribed to 121%. Ripasso Energy AB (publ) is listed on NGM Nordic MTF.

Törngren Magnell’s team consisted of Johan Wigh (Partner), Viktor Olsson (Senior Associate) and Sebastian Hellesnes (Associate).

Törngren Magnell has advised SaltX Technology Holding AB (publ) in connection to the merger with SunCool AB

Törngren Magnell has advised SaltX Technology Holding AB (publ) (“SaltX”) in connection to the merger between SaltX and SunCool AB (“SunCool”). The merger was carried out through an absorption where SaltX absorbed SunCool. The merger consideration to SunCool’s shareholders was paid in form of issued shares in SaltX. SaltX is listed on Nasdaq First North.

Törngren Magnell’s team included Johan Wigh (Partner), Viktor Olsson (Senior Associate), Sebastian Hellesnes (Associate) and Jenny Strandberg (Associate).

Törngren Magnell has advised Saxlund Group AB in connection with its rights issue of MSEK 64

Törngren Magnell has advised Saxlund Group AB (u.n.c.f. Pilum AB) with the company’s rights issue of MSEK 64. Saxlund Group AB is listed on Nasdaq First North Premier.

Törngren Magnell’s team included Johan Wigh (Partner), Viktor Olsson (Senior Associate), Björn Andersson (Senior Associate) and John Park (Associate).

Törngren Magnell has advised SaltX Technology Holding AB (publ) in connection with its rights issue of MSEK 100

Törngren Magnell has advised SaltX Technology Holding AB (publ) with the company’s rights issue of MSEK 100. The share issue was oversubscribed with close to MSEK 49. SaltX Technology is listed on Nasdaq First North.

‘’The interest has been great for the rights issue. Through the capital allocated to SaltX Technology, we can increase our focus and speed up the development of our newly established business area for large scale energy storage – EnerStore. The interest amongst energy companies is greater than we dared to hope for”, says Karl Bohman, CEO of SaltX Technology, in a press release.

Törngren Magnell’s team included Johan Wigh (Partner), Sandra Broneus (Partner), Viktor Olsson (Senior Associate) and John Park (Associate).

Törngren Magnell has advised Ripasso Energy AB in connection with capital raisings followed by an IPO on NGM Nordic MTF

Törngren Magnell has as project manager and legal advisor advised Ripasso Energy AB (publ) on capital raisings followed by an IPO. The company’s shares has obtained admission to trading on NGM Nordic MTF, which was commenced on Monday, November 28, 2016.

Ripasso Energy has developed a hybridized Stirling engine, based on an perpetual license from Kockums AB. The Stirling engine forms the basis of the solar hybrid that is the company’s first commercial product. The Stirling engine has been developed for large-scale production in cooperation with Sibbhultsverken Group AB in order to bring down unit costs to a competitive level. The major advantage of the solar hybrid is its ability to use a large fraction of renewable energy without compromising on security of supply.

“Ripasso Energy initiates a new phase in the company’s history by being listed on NGM Nordic MTF from November 28, 2016. This gives our company an important seal of quality and access to the capital markets that will help smooth the way to complete commercialization of the solar hybrid product”, says Gunnar Larsson, CEO and founder of Ripasso Energy.

Törngren Magnell’s team was lead by Johan Wigh, partner, together with Viktor Olsson, senior associate, and Anna Berg, associate, and included Sandra Broneus and Sten Hedbäck, partners, and Philip Reznik, associate.

Törngren Magnell has advised SaltX Technology with an acquisition by the way of an issue in kind, followed by an IPO.

Törngren Magnell has advised SaltX Technology (former ClimateWell  AB) with an acquisition by the way of an issue in kind, followed by an IPO. On Monday May 16, 2016 the CEO Karl Bohman and the founder Göran Bolin rang the bell at Nasdaq Stockholm and thereby opened the trading of the stock on First North.

SaltX Technology is a Swedish innovation company which has developed a patented and groundbreaking technology by which energy may be stored in salt, in order to subsequently be extracted in the form of heat or cooling.

The Törngren Magnell team included Johan Wigh and Sandra Broneus, partners, and Cecilia Bergman, Christoffer Kenling and Viktor Olsson, associates.

Törngren Magnell has assisted QQM Fund Management in connection with the launch of a new fund structure

Törngren Magnell has assisted QQM Fund Management AB in connection with the launch of a new fund structure, which has included the establishment of two new feeder funds and a new master fund as well as the conversion of an existing fund into a feeder fund. The new structure, including three feeder funds and a master fund, means that QQM Fund Management AB is able to offer its investment strategy hedged in different base currencies in a cost effective way, which improves the prospects for increasing the assets managed. QQM Fund Management AB is a Swedish manager of alternative investment funds, which is supervised by the SFSA. Törngren Magnell’s team was led by Johan Wigh (partner) and included Petar Bojovic (associate).