Advokat, Partner

Peter Törngren

Mobile: +46 76 00 283 01

To Our people

Peter Törngren has a broad corporate background and has for several years advised domestic and foreign clients on numerous acquisitions and disposals of companies and businesses, joint ventures, privatisations, as well as in connection with the winding down, restructuring and dissolution of businesses and corporations.

Peter has extensive experience from the infrastructure sector where he was responsible for the privatisation of all companies which were established in connection with the incorporation of SJ (Sw. Railways). Within the area of liquidation and insolvency it should be mentioned that Peter was appointed liquidator of Saab Automobile for the purpose of winding down its businesses. Peter was also in charge of the winding down process of Milko, in connection with the sale of its business to Arla. Within the co-operative industry Peter has been involved in a number of structural deals, such as the split of Svensk Mjölk among LRF and Växa Sverige.


CV

Experience

  • Partner,  Törngren Magnell & Partners Advokatfirma, 2006 –
  • Advokatfirman Vinge, Stockholm, 1988 – 2005
  • Svea Court of Appeal, 1986 – 1987
  • Law Clerk, Handen District Court, 1984 – 1986

Education

  • LL.M., Stockholm University, 1984

Languages

  • Swedish
  • English
  • Finnish

Membership

  • Swedish Bar Association, 1990
Mandates | 2020-10-29
TM & Partners have advised Footway on its acquisition of Caliroots
TM & Partners have advised Footway AB in connection with its acquisition of Caliroots, a strong brand within streetwear and sneakers. The acquisition is made by means of an acquisition of Caliroots’ trademarks, internet domains...
TM & Partners have advised Footway AB in connection with its acquisition of Caliroots, a strong brand...
Mandates | 2019-10-31
Törngren Magnell assisted in the unique financial rescue and sale of the Ving Group
Törngren Magnell has assisted the sellers in connection with the financial rescue of Ving and its affiliated companies Spies, Tjäreborg and Thomas Cook Airlines Scandinavia and the sale of the Nordic unit from the Thomas...
Törngren Magnell has assisted the sellers in connection with the financial rescue of Ving and its affiliated...
Mandates | 2019-09-04
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...
Törngren Magnell advised the owners of Eldon Holding AB on sale of the Eldon Group to nVent...
Mandates | 2019-02-11
Törngren Magnell has advised in connection with the merger of the Swedish timber scaling associations
Törngren Magnell has advised in connection with the incorporation of Biometria ek., by merger of the Swedish timber scaling associations. VMF Qbera ek. för., VMF Nord ek. för., VMF Syd ek. för. and SDC ek....
Törngren Magnell has advised in connection with the incorporation of Biometria ek., by merger of the Swedish...
Mandates | 2020-10-29

TM & Partners have advised Footway on its acquisition of Caliroots

TM & Partners have advised Footway AB in connection with its acquisition of Caliroots, a strong brand within streetwear and sneakers. The acquisition is made by means of an acquisition of Caliroots’ trademarks, internet domains and inventory.

Footway was founded in 2010 and is an e-commerce company with sales of products within sports and fashion via Footway.com, Sportamore.com, Brandos.com, Solestory.se etc. Its shares are listed on Nasdqq First North Growth market. For more information on the transaction, please see Footway’s press release here.

TM & Partner’s team was led by:

Mandates | 2019-10-31

Törngren Magnell assisted in the unique financial rescue and sale of the Ving Group

Törngren Magnell has assisted the sellers in connection with the financial rescue of Ving and its affiliated companies Spies, Tjäreborg and Thomas Cook Airlines Scandinavia and the sale of the Nordic unit from the Thomas Cook Group to a consortium of buyers consisting of Strawberry Equities AS (Petter Stordalen), Altor Fund V and TDR Capital.

The deal has been complex, and in many respects unique. It has entailed a simultaneous sale of a combination of shares and businesses in six countries in the Nordics and southern Europe, where certain of the businesses have been the subject of transfer following a bankruptcy declaration of the legal units.

The deal secures a strong and long term Nordic ownership of the Ving Group with in total 2,300 employees in Ving, Spies, Tjäreborg and Thomas Cook Airlines Scandinavia, whose employment have thereby been secured and that the 400,000 people who have already booked autumn, winter and summer vacations through Ving, Spies, Tjäreborg and Globetrotter now can complete their trips. Through the financial reconstruction the new owners and other financiers will secure access to appr. SEK 6 billion in liquidity and guarantees.

Törngren Magnell’s team was led by:

Mandates | 2019-09-04

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).

Mandates | 2019-02-11

Törngren Magnell has advised in connection with the merger of the Swedish timber scaling associations

Törngren Magnell has advised in connection with the incorporation of Biometria ek., by merger of the Swedish timber scaling associations.

VMF Qbera ek. för., VMF Nord ek. för., VMF Syd ek. för. and SDC ek. för. With the merger, a nationwide organisation for scaling and reporting of timber has been established with about 800 employees and an anticipated annual turnover of approximately SEK 600 million.

Törngren Magnell’s team consisted of: