Transactions

Lenner & Partners has extensive expertise advising corporates and institutions (Swedish or international) on acquisitions, divestments, public take-overs, fairness and valuation opinions. Details on a selection of recent assignments are listed below.


Selected transactions

TIAA's public offer for 24Storage

Fairness Opinion

SEK 925m

2021

Read more
The redemption of pref. shares in exchange for B-shares in Volvo Cars and additional investment

Adviser to AMF and Folksam

SEK 8.6bn

2021

Read more
The sale of Abios to Kambi

Adviser to Abios

SEK 270m

2021

Read more
Castellum's public offer to acquire all shares in Kungsleden

Adviser to Castellum

SEK 26.9bn

2021

Read more
Carneo's acquisition of Holberg, NOK 25bn in AuM

Adviser to Carneo

Not disclosed

2021

Read more
The sale of FOREX Bank's banking portfolios of SEK 12bn to ICA Banken

Adviser to FOREX Bank

Not disclosed

2021

Read more
The sale of Bluestep Bank's personal loan portfolio to Svea Ekonomi

Adviser to Bluestep Bank

Not disclosed

2020

Read more
The investment in Volvo Cars' preference shares by AMF, Folksam

Adviser to AMF and Folksam

SEK 5.0bn

2019

Read more
Carneo's acquisition of Alfred Berg's Swedish funds and mandates

Adviser to Carneo

Not disclosed

2019

Read more
The investment in Northvolt's USD 1 billion equity capital raise

Adviser to AMF and Folksam

USD 1.0bn

2019

Read more
Mekonomen's acquisition of FTZ and Inter-Team

Adviser to Mekonomen

EUR 395m

2018

Read more
The sale of Banque Carnegie Luxembourg to Union Bancaire Privée

Adviser to Carnegie Investment Bank

Not disclosed

2018

Read more
The sale of UC to Asiakastieto

Adviser to SEB, Nordea, Handelsbanken, Swedbank, Länsförsäkringar Bank and Danske Bank

SEK 3.5bn

2018

Read more
The sale of Bring Citymail to Allegra Capital

Adviser to Posten Norge

Not disclosed

2018

Read more
Axfood's Public Offer to Matse Holding

Adviser to Matse Holding

SEK 554m

2017

Read more
Öhmangruppen and Nordic Capital's Public Offer for Nordnet

Adviser to Nordnet

SEK 6.7bn

2017

Read more
The Sale of Hemnet to General Atlantic and Merro

Adviser to Swedbank

SEK 2.0bn

2017

Read more
The investment in Volvo Cars' preference shares by Folksam, AMF, AP1

Adviser to Folksam

SEK 5.0bn

2016

Read more
Joint termination of the Investment Agreement of East Capital

Adviser to East Capital Explorer

Not disclosed

2016

Read more
The sale of Fågelviksgruppen to H.I.G Capital

Adviser to Fågelviksgruppen

Not disclosed

2015

Read more
The acquisition of Fortum Distribution AB by AP1, AP3, Folksam and Borealis

Adviser to Folksam

SEK 60.6bn

2015

Read more
Infinera's Public Offer for Transmode

Fairness Opinion

SEK 3.0bn

2015

Read more
The sale of Max Matthiessen to Willis Group Holdings plc

Adviser to Altor

SEK 1.4bn

2014

Read more
Volkswagen's Public Offer for Scania

Adviser to Volkswagen

SEK 59.8bn

2014

Read more
Swedbank’s acquisition of Sparb. Öresund & creation of Sparb. Skåne

Adviser to Swedbank

SEK 3.0bn

2014

Read more
Placing of 12.2 and 8.7 million shares

Adviser to the sellers

SEK 1.1bn

2013 & 2010

Read more
The merger of Färs & Frosta Sparbank and Sparbanken 1826

Adviser to the banks

Not disclosed

2013

Read more
Skandia Liv's acquisition of Skandia AB from Old Mutual

Adviser to Skandia Liv

SEK 22.5bn

2012

Read more
Länsförsäkringar AB's acquisition of Länförsäkringar Fondliv

Adviser to Länsförsäkringar

SEK 5.4bn

2011

Read more
HQ has sold HQ Bank and HQ Fonder to Carnegie

Adviser to HQ

Not disclosed

2010

Read more
Public Offer for AcadeMedia AB from EQT

Adviser to AcadeMedia

SEK 2.5bn

2010

Read more
Swedbank's two rights issues

Adviser to Swedbank

SEK 15.1bn & SEK 12.4bn

2009 & 2008

Read more
Altor & Bure's acquisition of Carnegie from the National Debt Office

Adviser to Altor and Bure Equity

SEK 1.8bn

2009

Read more
Altor & Bure's acquisition of Max Matthiessen from the National Debt Office

Adviser to Altor and Bure Equity

SEK 500m

2009

Read more
AcadeMedia's acquisition of Anew Learning AB from Bure Equity

Adviser to AcadeMedia

SEK 900m

2008

Read more
Cloetta Fazer demerger including the public offer by Oy Karl Fazer Ab

Adviser to Malfors Promotor (largest owner)

SEK 5.8bn

2008

Read more
AP Fastigheter's acquisition of Vasakronan from the Kingdom of Sweden

Adviser to AP Fastigheter

SEK 41.1bn

2008

Read more
The merger of OMX and Nasdaq to form Nasdaq OMX Group

Adviser to AP OMX

SEK 31.8bn

2008

Read more
Fortune Brand's repurchase of 10% stake in Beam Global Spirits & Wine

Adviser to Fortune Brands 2008

SEK 2.8bn

2008

Read more
The sale of People travel group to Veolia Transport

Adviser to the sellers

SEK 400m

2007

Read more
Swedbank's acquisition of Folksam's asset management operations

Adviser to Swedbank

Not disclosed

2007

Read more
The sale of the fine art auction house Bukowskis to the Lundin family

Adviser to Bukowskis

SEK 305m

2007

Read more
The sale of CEKAB to EDB

Adviser to the sellers

SEK 255m

2007

Read more
Fairness opinion to the Board of Directors

Adviser to Semcon

Not disclosed

2006

Read more
Old Mutual's acquisition of Skandia

Adviser to Old Mutual

SEK 53bn

2006

Read more
OMX's acquisition of Iceland Stock Exchange (ICEX)

Adviser to OMX

ISK 3.0bn

2006

Read more
The merger of Hagströmer & Qviberg and HQ Fonder

Adviser to HQ Fonder

Not disclosed

2005

Read more
OMX's acquisition of Copenhagen Stock Exchange

Adviser to OMX

DKK 1.2bn

2005

Read more
Valuation of Skandia Liv's asset management contract

Adviser to Skandia Liv

Not disclosed

2004

Read more
Nordic Capital & Accent Equity's acquisition of KappAhl

Adviser to Management

SEK 1.95bn

2004

Read more
The sale of FöreningsSparbanken’s Danish subsidiary FIH to Kaupthing

Adviser to FöreningsSparbanken

EUR 213m

2003

Read more
The sale of Sparta's equity stake in Finnveden

Adviser to Sparta

Not disclosed

2003

Read more
The merger of OM and HEX

Adviser to OM

EUR 213m

2003

Read more
The sale of Bäckhammars Bruk to Procuritas

Adviser to the sellers

Not disclosed

2003

Read more
Atria Oyj's acquisition of Samfoods operations

Adviser to Atria Oyj

Not disclosed

2002

Read more
The failed merger of Swedbank and SEB

Adviser to Swedbank

Not disclosed

2002

Read more
The sale of Länsförsäkringar’s asset management operations

Adviser to Länsförsäkringar

Not disclosed

2002

Read more
The restructuring of Boliden - new issue & guarantee consortium

Adviser to Boliden

Not disclosed

2001

Read more
OM Group's failed Public Offer for the London Stock Exchange

Adviser to OM

Not disclosed

2000

Read more