Mandate

Vinge advises Transtema in connection with the acquisition of Ericsson Local Services

Transtema Group AB (publ), listed on Nasdaq First North, has entered into an agreement to acquire Ericsson Local Services AB (”LSS”), Ericsson’s field service business in Sweden.

LSS constructs and maintains network infrastructure, primarily in the southern and central parts of Sweden. During 2017, the business had a turnover of MSEK 1 162, at an adjusted EBITDA of MSEK 34. The purchase price amounts to a maximum of MSEK 180. The acquisition will be partly financed through a fully secured rights issue through subscription undertakings, letters of intent and warranty obligations from Transtema’s main owners. Closing is conditional upon the consent of the Swedish Competition Authority.

Vinge’s team primarily consisted of responsible partner Anders Strid together with Natalie Bäck (project manager M&A), Rebecka Maltenius (commercial property), Anna Backman (employment) as well as Anna Palmérus and Hugo Lundstedt (both competition law).
 

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