Carl Hugo Parment | White & Case LLP International Law Firm, Global Law Practice
Carl Hugo Parment
Carl Hugo Parment

Carl Hugo Parment

Partner, Stockholm

T +46 8 506 32 341

T +46 8 506 32 300

E carlhugo.parment@whitecase.com

in LinkedIn profile

“‘Standout work for high-end clients’, ‘very commercial’ and has ‘very strong technical and client-handling skills.’” “Skilled, experienced and easy to work with.” “‘Impressive knowledge of funding arrangements, the bond market and the different kinds of debt.’”

The Legal 500 EMEA, 2013 and 2014 / IFLR 1000, 2014 / Chambers Global, 2015

Overview

Carl Hugo's practice focuses on aspects of banking and finance law, debt capital markets and financial restructuring/ insolvency. He frequently advises both lenders and borrowers in complex domestic and international transactions, especially within leveraged finance and real estate transactions. His range of experience also includes involvement in capital markets transactions, especially domestic and international bond offerings.

Carl Hugo has been involved in numerous significant transactions in the Nordic region and across Europe, advising on the planning and establishment of complex financing arrangements suited to the needs of each borrower or lender. His work often involves navigating the challenges of transactions which cover multiple jurisdictions. Carl Hugo's experience spans a number of industry sectors, including manufacturing, food production, the automotive industry and telecommunications.

He also has years of knowledge of Mergers & Acquisitions within the financial industry, especially regarding acquisitions of both public and private financial institutions and debt portfolios.

In addition, Carl Hugo has a significant track record in the area of insolvency law and distressed debt. Recent insolvency related mandates include significant transactions within a number of industry sectors such as automotive, mining and real estate. This experience covers formal and informal insolvency proceedings, enforcement of security interests and workouts relating to private equity owned companies. He is a member of INSOL International, the International Association of Restructuring, Insolvency & Bankruptcy Professionals.

Before joining White & Case in 2011, Carl Hugo was Head of Legal at DNB (Sweden), which is one of the leading financial institutions in the Nordic region. Prior to this, he worked as a senior associate at a leading Swedish law firm. Carl Hugo also has several years of board experience within the financial services industry.

Bars and Courts

  • Swedish Bar

Education

  • LLM, Juris kandidat, Stockholm University, Sweden
  • BSc, Econ, Stockholm University, Sweden
  • LLM, Finance, Frankfurt am Main, Institute for Law and Finance, Germany
  • Harvard Law School, Accelerated Leadership Program, Executive Education

Languages

  • Swedish
  • English

Experience

Banking:

DNB Bank
Representation of DNB Bank in respect of a real estate facility for an international real estate fund.

Bayern LB
Representation of Bayern LB in respect of a real estate facility for an international real estate fund.

Swedbank
Representation of Swedbank in respect of a leverage loan facility for the private equity fund Segulah.
    

Capital Markets:

Toyota
Representation of Toyota Industries Finance International AB (publ) and Toyota Industries Corporation in relation to their US$1 billion Euro Medium Term Note programme.

Svenska Handelsbanken
Representation of Svenska Handelsbanken AB as issuer and Svenska Handelsbanken AB (publ), acting through its New York Branch, as guarantor, in respect of Svenska Handelsbanken's US$20 billion Medium Term Note Program.

Stadshypotek
Representation of Stadshypotek AB (publ) in respect of its €20 billion Medium Term Covered Note Program.

Representation of Stadshypotek AB (publ) in respect of its US$15 billion Medium Term Covered Note Program.

Nordea Bank
Representation of Nordea Bank AB (publ) as issuer under its US$25 billion Global Medium Term Note Program.

Nordic Capital
Representation of Nordic Capital on the financing of its acquisition of Israeli media solutions company Vizrt Ltd. through a reverse triangular merger, by the issue of US$113.3 million senior secured bonds due 2021 issued by a Norwegian finance vehicle.

FSN Capital
Representation of the Norwegian private equity fund FSN Capital in connection with a number of acquisitions and acquisition financings including Kjell & Co (a Swedish consumer electronic accessories retailer); Fibo (the Nordic market leader within the wet room wall panel segment); and Roplan (a global niche leader in high-end custom mechanical seals). Carl Hugo has also represented FSN in respect of a number of their portfolio companies including Instalco, Green Landscaping, PM Retail and Vita, on various transactions.

Troax Corp
Representation of Troax Corp AB (publ), a Nordic industrial parts manufacturer, on its issue of €70 million Senior Secured Callable Floating Rate Bonds due 2020.

Cloetta
Representation of Swedish confectionary company Cloetta AB (publ) on its issue of SEK 1 billion senior secured notes due 2018 and the amendment of certain of its existing financial indebtedness. The Notes rank pari passu with Cloetta AB (publ)'s bank financing and are listed on NASDAQ OMX Stockholm.

Synthos
Representation of Synthos S.A., one of the largest European producers of chemical raw materials, on the issuance of senior notes with a total value of €350 million. The notes were issued by Synthos Finance AB (publ), a special purpose vehicle with a registered office in Stockholm, Sweden.

Financial Restructuring and Insolvency:

Northland
Representation of an international financial institution in connection with the financial restructuring of the publicly listed mining company Northland Resources.

Russian Real Estate Investment Group
Representation of the publicly listed company Russian Real Estate Group in connection with its financial restructuring, which included inter alia a redemption of distressed high yield bonds, as well as a rights issue.

Private Equity:

FSN Capital
Representation of Norwegian private equity FSN in connection with the financing of its acquisition of Kjell & Co, a Swedish consumer electronic accessories retailer. Carl Hugo has also represented FSN in respect of a number of their portfolio companies including Troax, Instalco and Vindora, on various transactions.

Nordic Capital
Representation of Nordic Capital in a number of transactions, including the financing of its acquisition of Lindorff, a leading European debt collecting company. Carl Hugo also acted for Nordic Capital in connection with the financing of the acquisition of a majority stake in the retail chain Gina Tricot, and with the financing of the acquisition of AniCura, a leading Nordic operator of companion animal hospitals and veterinary clinics, and the public bid offer for Vizrt, an Israeli company listed on the Oslo Stock Exchange.

Publications

  • The International Comparative Legal Guide to Corporate Recovery & Insolvency, 2012-2016 ed, Global Legal Group Ltd London, (co-author)
  • The International Comparative Legal Guide to Lending and Secured Finance, 2015 and 2016 ed., Global Legal Group Ltd, London, (co-author)
  • The Strategic View – Corporate Restructuring 2016, Global Legal Group Ltd, London, (co-author)
  • Getting the Deal Through: Debt Capital Markets 2016, Law Business Research Ltd, London, (co-author)
  • Corporate Restructuring, The Strategic View, Global Legal Group Ltd, London, 2016 ed., (co-author)
  • The International Comparative Legal Guide to Lending and Secured, 2015 ed., Global Legal Group Ltd, London, (co-author)
  • The International Comparative Legal Guide to Corporate Recovery & Insolvency, 2012 ed. - 2015, Global Legal Group Ltd, London, (co-author)
  • Ringfencing ger lån – Men se upp med villkoren, Del 1 av Finansjuridikskolan, published in No 4/12 of Fastighetsvärlden, 2012, (co-author)
  • När banklånen inte stödjer affären - Obligationer – Ett alternativ och komplement, Del 2 av Finansjuridikskolan, published in No 5/12 of Fastighetsvärlden, (co-author)
  • Säkerheter vid finansiering - Att tänka på vid pantsättning, Del 3 av Finansjuridikskolan, published in No 6/12 of Fastighetsvärlden, (co-author)
  • Brief introduction to Swedish law regarding asset finance, Asset Finance Country Survey Sweden, Asset Finance International, February 2012, (co-author)

Awards & Recognition

Leading Banking Lawyer 2016 "Who's Who Legal"

Leading Lawyer, Sweden: Banking & Finance, Capital Markets, Corporate and M&A, IFLR 1000, 2016

Legal 500 Europe, 2014 – Banking & Finance, Sweden

"'Very strong technical and client-handling skills'"

Legal 500 Europe, 2013 – Banking & Finance, Sweden

"'Very commercial'"

Chambers Global, 2015 – Capital Markets, Sweden

"Banking lawyer Carl Hugo Parment is praised for his excellent practice on high-yield bonds. 'He has impressive knowledge of funding arrangements, the bond market and the different kinds of debt', sources note."

Chambers Global 2015 – Banking & Finance, Sweden

"Clients in the banking sector particularly value Carl Hugo Parment's client service and commercial knowledge, describing him as 'a very good lawyer who tries to find solutions and is very focused on the market.'"