Törngren Magnell assisted in the divestment of Legevisitten Bemanning

Törngren Magnell has assisted Legevisitten Holding in the sale of Legevisitten Bemanning, a leading Swedish and Norwegian physician staffing company, to Proffice.

Legevisitten Bemanning is a provider of physician staffing solutions to county councils, municipalities and private healthcare providers in Sweden and Norway. In 2009, it achived sales of SEK 203 million. After the divestment, Legevisitten will continue to focus on its healthcare services with 550 employees in 15 operational units.

Responsible partner was Viktor Magnell who was assisted by Sofia Nilsson.

Törngren Magnell assisted Jernhusen in real property transaction

Törngren Magnell has assisted Jernhusen in the sale of the two properties Sundbybergshuset and Centralhuset Sundbyberg situated in Sundbyberg CBD. The buyer was AMF and the purchase price amounted to MSEK 465. In total, the properties comprise app. 17,000 sqm offices and store premises.

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

Responsible partner was Jens Haneklint who was assisted by Sophie Nossman.

Törngren Magnell assisted Jernhusen in connection with a SEK 9.5 billion financing

Törngren Magnell has advised Jernhusen AB in connection with the refinancing of a 5.5 billion revolving credit facility with Nordea as mandated lead arranger, the increase of its domestic commercial paper programme up to SEK 3 billion with Nordea, SEB and Handelsbanken as dealers and and the establishment of a new SEK 1 billion back-up facility with Nordea as lender.

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

Responsible partner was Tobhias Brandell who was assisted by Anna Gustafsson.

Törngren Magnell has advised Procuritas Capital Investors IV LP in the acquisition of Oral Care

Törngren Magnell has advised Procuritas Capital Investors IV LP in connection with the acquisition of Oral Care AB, a niche company which provides dental care to elderly and disabled persons in their residences through outreach mobile dentistry. Procuritas Capital Investors IV LP is a private equity fund focusing on mid-market buy-outs in the Nordic region.

Over the last few years Oral Care has had an annual growth rate in excess of 50% and is today active through offices in Stockholm, Malmö and Gothenburg, with start-up operations in Linköping and Karlstad.

Törngren Magnell’s M&A team included Niclas Högström, responsible partner, and associates Sophie Rettig and Jens Åström. Responsible partner for the financing was Tobhias Brandell who was assisted by Jill Hagberg and Sophie Piir.

Törngren Magnell advised Royal Bank of Scotland on a SEK 861,700,000 Swedish export financing transaction with Russian oil company Rosneft, which recently was awarded “Deal of the Year 2009” by Euromoney’s Trade Finance Magazine.

Royal Bank of Scotland has as sole mandated lead arranger structured a Swedish export financing deal of SEK 861,000,000 (USD 120,000,000) to the Russian oil company Rosneft. The ten-year credit facility is guaranteed by the Swedish Export Credits Guarantee Board and has been assigned to the Swedish Export Credit Corporation. Rosneft is the leader of Russia’s petroleum industry and is primarily engaged in exploration and production of hydrocarbons and production of petroleum products and petrochemicals. The Russian state holds 75 per cent. of the shares in the Company, which under 2009 had revenues of USD 46 billion.

Törngren Magnell advised Royal Bank of Scotland. Responsible partner was Tobhias Brandell who was assisted by Jill Hagberg.

Törngren Magnell advised Procuritas Capital Investors IV LP in the acquisition of Waterjet Entreprenad

Törngren Magnell has advised Procuritas Capital Investors IV LP, in the acquisition of Waterjet Entreprenad, a leading operator in the market for repair and rehabilitation of concrete infrastructure.

Waterjet Entreprenad uses highly specialized equipment with extremely high pressure water jets to remove damaged concrete, a method called hydro demolition. More than half of Waterjet’s sales occur to public entities, such as rail and road authorities, and the remainder goes to private sector clients, such as parking house owners, pulp and paper mills, and larger construction companies. The company is headquartered in Lidingö outside Stockholm and has two regional offices in Karlstad and Skellefteå.

Törngren Magnell’s M&A team included Niclas Högström, responsible partner, and associates Jill Hagberg, Sophie Rettig and Jens Åström. Responsible partner for the financing was Tobhias Brandell who was assisted by Jill Hagberg and Sophie Piir.

Törngren Magnell among top ten in Swedish M&A

In the latest Mergermarket global round-up of M&A transactions, Törngren Magnell has been ranked ninth among legal advisers to Swedish M&A transaction in the first quarter of 2010.

Törngren Magnell ranked in Legal 500

In its 2010 ranking of Swedish law firms, Legal 500 has ranked Törngren Magnell within Mergers & Acquisitions, Banking & Finance and Capital Markets. Törngren Magnell is described as a “top-class M&A boutique” and as a “dedicated firm with good industry knowledge”. Please refer to www.legal500.com for further details.

Törngren Magnell participates in and arranges events on Brazil

On March 16, Törngren Magnell's Brazil Desk partner Otávio Lucchese will speak at the conference “Brazil and the Future”, an event arranged by Jornal do Brasil and Casa Brasil in a partnership with Stockholm University Holding, Embassy of Brasil in Sweden and Brazilian Chamber of Commerce. The conference brings together leaders of different and vibrant sectors of Brazil's and Sweden's economy, industry, culture and society. At the conference, Otávio Lucchese will speak on the topic “Business opportunities on public biddings – World Cup 2014 and Olympic Games 2016”. For the full conference programme, please visit brasiliens.blogg.se.

Törngren Magnell is also hosting a seminar on acquisition of companies in Brazil on 17 March, which is held in a cooperation with Svensk Företagsförmedling. At the seminar, Otávio Lucchese and Sten Hedbäck will speak on the legal issues connected with acquiring companies in Brazil. The seminar is free of charge and open to all interested.

 Invitation

Two more lawyers have joined Törngren Magnell

We are pleased to announce that Törngren Magnell has recruited two lawyers. Read about Christine Hult and Sophie Piir at Lawyers.

Törngren Magnell has advised FSN Capital and Teres Medical Group in the acquisition of Plastikkirurggruppen

Törngren Magnell has advised the Norwegian surgery group Teres Medical Group AS, owned by FSN Capital and its surgeons, in the acquisition of Plastikkirurggruppen Sabbatsberg AB. Teres Medical Group AS is the leading Norwegian privately owned surgery group with 10 clinics spread across Norway and an annual turnover exceeding NOK 300 million.

Plastikkirurggruppen Sabbatsberg AB is a privately owned plastic surgery clinic with premises at Sabbatsberg hospital in Stockholm. The clinic performs both aesthetic plastic surgery on private individuals and reconstructive plastic surgery for Stockholm County Council and other Swedish County Councils on the basis of a public care provider agreement.

Törngren Magnell’s team included Sten Hedbäck as responsible partner and associates Jill Hagberg and Sophie Rettig.

Peter Törngren has been appointed as liquidator in the solvent liquidation of SAAB Automobile

Peter Törngren has been appointed as liquidator in the solvent liquidation of SAAB Automobile AB. The decision was taken by the Swedish Companies Registration Office on 12 January 2010 and in accordance with the decision of the sole shareholder SAAB Automobile Investering AB as of 8 January 2010 to initiate a solvent liquidation of SAAB Automobile AB. The appointment of Peter Törngren as liquidator means that he, along with the co-liquidator Stephen Taylor of Alix Partners, will carry out the wind down of SAAB Automobile AB.

Törngren Magnell has advised AAC Capital Partners in the acquisition of Envirotainer

Törngren Magnell has advised AAC Capital Partners, a leading Northern European mid-market buy-out firm, in connection with its acquisition of Envirotainer, the world leader in temperature controlled logistics for the pharmaceutical industry, from Industrifonden and a number of private investors.

Envirotainer designs, manufactures and rents specialist air cargo containers for the transportation of temperature sensitive pharmaceuticals. Headquartered in Lagga, Sweden, the business has grown substantially to form a strong worldwide presence since it was first established in 1984. Today, the business covers the major trade routes for biological pharmaceuticals, with service hubs in 26 countries and sales of around €31 million.

Törngren Magnell’s team included Sten Hedbäck, responsible partner, with the assistance of Niclas Högström, Miriam Salme, Sophie Rettig, Jens Åström and John Ohlsson. Sara Axelsson, Tobhias Brandell and Jill Hagberg handled financing matters.

Press release: AAC Capital Partners Industrifonden

Törngren Magnell assisted in the acquisition of Geo Innova AB

Törngren Magnell has advised Vectura Consulting AB on their acquisition of Geo Innova AB. Vectura consists of approximately 1000 consultants at more than 40 localities in Sweden. Vectura offers consultant services within investigation and analysis, planning, constructing and project leading, and also operation and maintenance within the areas land and community, railway, construction and traffic systems.

Geo Innova is active within the area of risk assessment and after-treatment of contaminated ground, permits, waste technique and the use of alternative materials within construction.

Törngren Magnell’s team included Peter Törngren, responsible partner, with the assistance of Katrin Frick and Jens Åström.

Press release: Vectura

 
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