Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge advises Dollar Financial Corp on its acquisition of Folkia
Mandate

Vinge advises Dollar Financial Corp on its acquisition of Folkia

August 30, 2010

Vinge is acting as Swedish counsel to Dollar Financial Corp in connection with Dollar Financial Corp's acquisition of Folkia Group AS, a leading Scandinavian internet lending business with headquarters in Stockholm, Sweden. Dollar Financial Corp is a leading international diversified financial services company primarily serving unbanked and under-banked consumers. Folkia, which was founded in 2006, currently originates loans through both internet and SMS text cell phone technology in four countries; Sweden, Finland, Denmark, and Estonia. The completion of the acquisition is contingent upon customary closing conditions, including local regulatory approval.

The Vinge team advising Dollar Financial Corp includes corporate partner Jan Byström and corporate associates Martina Engström and Anna-Sofia Nilsson Prevell. Partner Fredrik Dahl and associate Philip Watson are providing employment benefits advice. Partner Mikael Ståhl and associates Dan Hanqvist and Adam Weissbach are providing financial services and regulatory advice.

Related

Vinge has advised SBB and Sveafastigheter in connection with an exchange offer

 Vinge has advised Samhällsbyggnadsbolaget i Norden AB (SBB) and Sveafastigheter AB in connection with an exchange offer directed to investors in SBB’s outstanding bonds, whereby investors exchanged senior and hybrid bonds in SBB for new senior bonds issued in Sveafastigheter AB. The existing bonds were partly issued under SBB’s EMTN programme, partly on a standalone basis. Following the transaction, the investors have been slotted in under Swedish bond terms on a standalone basis.
July 09, 2024

Vinge advises Polar Structure AB in connection with its issuance of EUR 81 million senior secured notes through a majority owned subsidiary

 Vinge advises Polar Structure AB, a leading developer and owner of infrastructure, in connection with its issuance of EUR 81 million senior secured notes through a majority owned subsidiary. The proceeds will be used to finance the construction of a railway outside Boden, which will connect the existing iron ore line (Sw. Malmbanan) with H2 Green Steel’s new facility for large-scale production of green steel at Boden Industrial Park.
July 04, 2024

Vinge advises Bergs Timber AB (publ) and Bitus A

 Vinge advises Bergs Timber AB (publ) and Bitus AB in connection with the divestment of the Fågelfors pellets business to J. Rettenmeier & Söhne. The Fågelfors pellets factory is based in Fågelfors in Högsby. The acquisition is subject to customary regulatory approvals.
July 03, 2024