Mandate

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

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 Symrise on its public offer for Probi

Symrise AG has announced a public cash offer to the shareholders of Probi AB (publ) (“Probi”). The offer values Probi at approximately SEK 3,988 million. The shares in Probi are traded on Nasdaq Stockholm, Mid Cap.
November 20, 2024

Vinge advises Oxx in conjunction with an investment in Kodiak Hub

Kodiak Hub, a Swedish software as a service (SaaS) company, which offers its customers an AI-based software platform, has performed a capital procurement of EUR 6 million. The venture capital fund Oxx, which invests in SaaS companies, is the largest investor.
November 20, 2024

Vinge advises HAKI Safety AB (publ) in connection with the acquisition of Semmco Group Limited

Semmco Group is a UK market-leading manufacturer and supplier of maintenance platforms and stairs for aircraft and trains.
November 19, 2024