Vinge Logotype
SvenskaEnglish 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge advises Santander Consumer Finance in connection with the divestment of its Swedish and Norwegian Credit Card and Sales Financing business
Mandate

Vinge advises Santander Consumer Finance in connection with the divestment of its Swedish and Norwegian Credit Card and Sales Financing business

September 19, 2024 M&A Banking and Finance Data protection and processing of personal data IT, Telecommunications and Outsourcing Commercial Agreements Intellectual Property Carve-Outs

Vinge has advised Santander Consumer Bank AS in connection with the sale of its Swedish and Norwegian credit card business as well as the sales financing business that Santander currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden to Avida Finans AB (publ).

The business includes approximately 450 000 private customers with a total outstanding performing loan volume of approximately 4 billion SEK. The transaction is expected to close on 31 December 2024 and is still subject to applicable regulatory approvals.

Vinge's consisted of Christina Kokko, Matthias Pannier, Manon de Cooman, Isabelle Wållgren, Erik Kochbati (M&A), Eva Fredrikson, Jolene Reimerson, Mathilda Persson, Elis Allmark, Nicklas Thorgerzon (Commercial Agreements, IT and GDPR), Viveka Classon, Caroline Krassén, Sara Hedgren (Financial Services), Malin Malm Waerme (IP), Albert Wållgren (Banking and Finance), Victor Ericsson (Tax), Sam Seddigh, Emil Lindwall, Jonatan Stentorp (Employment) samt Carl Bruneheim och Cecilia Loctander (Transaction Support).

Read Avida’s press release here.

Related

Vinge advises Revivo Group on the acquisition of Premator

 Revivo Group AB has acquired all the shares in Premator AB, the parent company of a group operating in the field of advanced surface treatment with extensive experience in shot blasting, anti-corrosion painting and related services. Operations are conducted in Sweden, Norway and Denmark.
September 03, 2026

Vinge advises the sellers of Berg Propulsion

 Vinge has advised the sellers in connection with the sale of Berg Propulsion to Kongsberg Maritime.
September 03, 2026

Vinge advises the sellers on the sale of Nextory to Bonnier Books

 Vinge has acted as legal adviser to the sellers in connection with Bonnier Books’ acquisition of Nextory, one of Europe’s leading streaming services for audiobooks and e-books. Bonnier Books is acquiring all shares in Nextory, and the transaction comprises Nextory’s operations in Sweden and internationally. The acquisition is a cash transaction and the parties have agreed not to disclose the purchase price. The transaction is subject to customary regulatory approvals.
September 02, 2026