Törngren Magnell assists LRF Media in the asset transfer of the media group TTG Sverige

LRF Media has acquired the media group TTG Sverige through an asset transfer, which thereby strengthens its position on the media market in Sweden. The acquired assets include magazines such as Cosmopolitan Sweden, Residence, Vi Båtägare, Segling, Båtnytt and Allt om Kök & Bad.

Törngren Magnell, through Niclas Högström, Lina Söderström, John Ohlsson and Jill Hagberg, assisted LRF Media in the acquisition.

LRF Media is wholly owned by LRF, The Federation of Swedish Farmers and has a yearly turnover of approximately SEK 500,000,000.

Törngren Magnell assists Pyr Invest in acquisitions of shares in NGM Holding

Törngren Magnell assists Pyr Invest in connection with its acquisitions of shares in NGM Holding. Pyr Invest is an investment company making long-term investments in Swedish listed companies. NGM Holding is the owner of NGM which offers listing and trading in equities on NGM Equity and derivatives on the Nordic Derivatives Exchange (NDX). The Swedish Financial Supervisory Authority has granted Pyr Invest permission to acquire up to 44 percent of the capital and 58 percent of the votes in NGM.

Responsible partner is Viktor Magnell who is assisted by Lina Söderström and John Ohlsson.

Törngren Magnell's Japan Desk helps Kringle Pharma establish joint venture with Tripep

Törngren Magnell has assisted the Japanese company Kringle Pharma, Inc. in its establishment of a joint venture company with Tripep AB (publ). Kringle Pharma is a world leader in the clinical development of Hepatocyte Growth Factor. Tripep produces pharmaceuticals against chronic diseases in collaboration with the Karolinska Institute and the University of Uppsala. The new joint venture company will focus on the clinical development of the wound-healing medicine ChronSeal.

Törngren Magnell’s team consisted of Jens Haneklint and Miriam Salme.

Viktor Magnell appointed chairman of Vikström & Andersson Asset Management

Vikström & Andersson Asset Management is a Stockholm based asset management company, which will be the manager of Density Fund. Viktor Magnell has been appointed chairman of the board, with Lina Söderström as its compliance officer. Vikström & Andersson Asset Management has entered into a strategic and financial partnership with SEB, which also acts as seed investor in Density Fund.

For more information: Denisty Fund

Ola Lidström and Cecilia Rudels join Törngren Magnell

We are pleased to announce that Ola Lidström and Cecilia Rudels have joined Törngren Magnell as partners. Read about them at Lawyers.

Viktor Magnell appointed chairman of DnB NOR ShippingInvest I

DnB NOR ShippingInvest I AB has launched an initial public offer in Sweden. Viktor Magnell has been appointed as chairman of the board. DnB NOR is a world leading bank in shipping with an extensive network within the industry. The aim of the initial offer is to raise up to SEK 300 million to be invested in a portfolio of shipping projects.

For more information: DnB NOR

Viktor Magnell and Ola Lidström give lecture on the securities market

Viktor Magnell and Ola Lidström will hold a two-day course on the practical aspects of being a listed company and the latest on the securities market. The course will be held at two occasions in December 2008 and in May 2009. See invitation below.

 Invitation

Törngren Magnell has advised Procuritas in connection with add-on acquisition in Olivia

In February 2008 Procuritas acquired the majority of the Swedish nursing group Olivia, involved in geriatric care, personal assistance and home help service. In 2007, the Olivia group had total revenues of approximately SEK 250 million. Olivia has now acquired Nordström Assistans and E S Nordström Omsorg & Utbildning from the founders. The two companies had combined revenues of approximately SEK 175 million in 2007.

Responsible partner for the acquisition was Sten Hedbäck who was assisted by Lina Söderström and Sophie Nossman. Responsible partner for the financing was Tobhias Brandell who was assisted by Jill Hagberg.

Törngren Magnell assists Litorina Kapital in the acquisition of the Textilia Group

Törngren Magnell advised Litorina Kapital in connection with the financing of the acquisition of the Textilia Group. Törngren Magnell's team consisted of Tobhias Brandell and Jill Hagberg.

Textilia is a leading group within the Swedish laundry and textile service business and its customers are mostly found in public service. Textilia was founded in 1997 and its annual sales amount to approximately SEK 320,000,000.

Törngren Magnell assisted in the acquisition of Labco

The French banks, Natixis and Crédit Industriel have financed the acquisition of Labco, a leading pan European medical diagnostics company. The financing consisted of a EUR 350,000,000 senior credit facility and senior and junior mezzanine credit facilities of a total principal amount of EUR 120,000,000.

Törngren Magnell advised the banks above as to Swedish law and the firm’s team consisted of Tobhias Brandell, Miriam Salme and Jill Hagberg.

Labco is a leading pan European medical diagnostics company. Its network of clinical laboratories has, since the start in France in 2003, grown into a business of clinics in Spain, Germany, Italy, Portugal and Belgium. The network includes more than 300 laboratories treating over 8 million patients a year. Labco generated EUR 220,000,000 in sales in 2007.

Törngren Magnell has recruited one more lawyer
 
Anna Gustafsson has been recruited by Törngren Magnell.
Read about her at Lawyers.

Niclas Högström joins Törngren Magnell as partner

We are pleased to announce that Niclas Högström has joined Törngren Magnell as partner. Read about him at Lawyers.

Törngren Magnell assisted Edita in its acquisition of Citat Group

Törngren Magnell, together with Magnus Hybbinette, assisted the Finnish communication production group Edita in its acquisition of Citat Group from Bure Equity. Citat is a leading communication producer assisting marketing departments with consultancy services, outsourcing and production of communication material. The deal creates the largest communication producer in the Nordic region with a turnover exceeding SEK 1,3 billion and with over 1 000 employees in four countries. The purchase price amounted to SEK 366 million.

Törngren Magnell's team included Viktor Magnell, Katrin Frick and John Ohlsson.

Törngren Magnell sponsored and participated in “Meeting Point Japan 2008”

Törngren Magnell sponsored and participated in “Meeting Point Japan 2008”, which was organised by the Sweden-Japan Foundation, Swedish Trade Council, Swedbank and Invest in Sweden Agency. The theme of the event was Acquisition, integration and business development.

Törngren Magnell advised Jernhusen in respect of a SEK 2 billion domestic commercial paper programme

Törngren Magnell has advised Jernhusen AB in connection with the establishment of a domestic commercial paper programme. The programme is arranged by Nordea and the maximum principal amount is SEK 2,000,000,000. In addition to Nordea, SEB and Svenska Handelsbanken participate as dealers.

Jernhusen owns, manages and develops a property portfolio of stations, offices and workshops along the Swedish railway. Jernhusen is a wholly owned subsidiary of the holding company Swedcarrier which is owned by the Swedish state.

Responsible partner was Tobhias Brandell who was assisted by Sophie Nossman.

Törngren Magnell has assisted Jernhusen in the sale of Comfort Hotel in World Trade Center

Terminalhotellet HB operates Comfort Hotel in World Trade Center in Stockholm. Jernhusen has been the owner of fifty per cent of Terminalhotellet and has now sold its share to Choice Hotels Scandinavia AS, which company thereby will be the sole owner of Terminalhotellet. Jernhusen was assisted by Törngren Magnell with Jens Haneklint as responsible partner.

Törngren Magnell assisted in the sale of Didaktus

Törngren Magnell has assisted the sellers of Didaktus AB in connection with the sale of the company to Bure's independent school group Anew Learning. Didaktus operates three high schools and provides adult education in the Stockholm area and had in the financial year 2006/2007 a turnover of appr. SEK 94 million. Didaktus' high schools have a total of around 1,000 pupils and primarily offer programmes focusing on childcare and other care services. Didaktus also provides adult education consisting of municipal high school equivalency and vocational programmes with around 400 pupils and contract education on behalf of private and public sector organisations.

The firm's team included Sten Hedbäck, Peter Törngren and Miriam Salme.

Törngren Magnell has advised Stikla in its acquisition and financing of Ownit Broadband

Ownit Broadband operates within the telecom and broadband business and has enjoyed success by offering cost-effective solutions within their scope of business. The company has now been acquired by the Icelandic company Stikla.

Törngren Magnell's team consisted of Jens Haneklint, Tobhias Brandell, Miriam Salme and Jill Hagberg.

Törngren Magnell assisted in the sale of Arvika Gjuteri to Sakthi

Sakthi Automotive Group, with several foundries in Europe and India, has acquired the Arvika Gjuteri Group. Sakthi Automotive Group, with head office in Germany, is owned by Sakthi Sugars Ltd, a company listed in India. Arvika Gjuteri, which includes facilities in Norrahammar, expects sales of approximately SEK 500 million during 2008. Arvika Gjuteri will thereby become a significant part of the Sakthi Group.

Törngren Magnell assisted the sellers. Responsible partner was Sten Hedbäck who was assisted by John Ohlsson.

Törngren Magnell has advised Procuritas in the acquisition of Olivia

Törngren Magnell has advised Procuritas in respect of the acquisition and financing of the Swedish nursing group Olivia.

The Olivia group is involved in geriatric care, personal assistance and home help service mainly operating in the greater Stockholm area. In 2007, the group had total revenues of approximately SEK 250 million.

Responsible partner for the acquisition was Sten Hedbäck who was assisted by Lina Söderström and Sophie Nossman. Responsible partner for the financing was Tobhias Brandell who was assisted by Jill Hagberg.

Törngren Magnell assisted in the sale of shares in Tamburinen Omsorg

Törngren Magnell has assisted the founding family in the sale of shares in Tamburinen Omsorg, a leading company in the Stockholm region within the area of support and service for children and youth with functional impairments.

Responsible partner was Viktor Magnell who was assisted by Katrin Frick.

Törngren Magnell sets up a Japan Desk

Törngren Magnell is the first Nordic law firm to set up a Japan Desk, providing legal support to Japanese companies in Sweden as well as Japanese companies planning to enter the Swedish market. Miriam Salme, who speaks Japanese and has a Japanese background, heads up the Japan Desk.

As part of its efforts to promote itself to potential clients in Japan, in February 2008, Törngren Magnell spoke at the Investment Seminar 2008 at the Embassy of Sweden in Tokyo. The event was organised by the Invest in Sweden Agency and was attended by more than 90 people from the Japanese business community. Peter Törngren and Miriam Salme held a presentation on “M&A in Sweden from a Legal Perspective”.

In November 2007, Törngren Magnell held a legal seminar in cooperation with JETRO and JBC for Japanese business executives in Sweden.

Two more lawyers have joined Törngren Magnell

We are pleased to announce that Törngren Magnell has recruited two lawyers. Read about Jill Hagberg and Sophie Nossman at Lawyers.