Magnus Wennerhorn | White & Case LLP International Law Firm, Global Law Practice
Magnus Wennerhorn
Magnus Wennerhorn

Magnus Wennerhorn

Partner, Stockholm

T +46 8 506 32 370

T +46 8 506 32 300

E magnus.wennerhorn@whitecase.com

in LinkedIn profile

“Magnus Wennerhorn ‘is a great banking lawyer to have on your side in negotiations’, according to impressed clients. Group co-head Magnus Wennerhorn is appreciated by clients for his ability to "really focus on the commercial side to get the deal done.”

Chambers Europe 2014/2015 / Chambers Global 2014/2015

Overview

Co-head of White & Case's Banking Practice in Stockholm, Magnus Wennerhorn focuses on leveraged finance and financial restructurings. He also has a strong track record in a wide range of finance transactions, including IPO financing, cross-over and investment grade lending.

For clients engaged in top tier acquisition finance transactions, complex cross-border financings or financial restructurings, Magnus brings a wealth of knowledge and experience, allowing them to proceed confidently to achieve their business objectives.

Swedish and foreign banks such as Nordea Bank and Deutsche Bank, as well as private equity clients and corporate clients, have all benefited from his extensive experience, handling top tier deals.

Prior to joining White & Case in 2005, Magnus gained valuable insight working at a leading local banking law firm, and at a major international law firm in London.

Bars and Courts

  • Swedish Bar
  • International Bar Association

Education

  • LLM, Juris kandidat, Stockholm University
  • BSc, with major in business administration, Stockholm School of Business
  • Studies in international banking and finance law, Queen Mary College, University of London

Languages

  • English
  • Swedish

Experience

Capio

Acted for a syndicate of Nordic banks in relation to the EUR 500,000,000 financing of Capio AB (publ) in connection with Nordic Capital's IPO of the Capio group on NASDAQ Stockholm. Capio is a leading, pan-European healthcare provider offering a broad range of high quality medical, surgical and psychiatric healthcare services in four countries through its hospitals, specialist clinics, and primary care.

Europris

Acted for Skandinaviska Enskilda Banken in relation to the NOK 2,100,000,000 financing of Europris in connection with Nordic Capital's IPO of Europris on Oslo Børs. Europris is Norway's largest discount variety retailer by sales.

Danske Bank, DNB Bank and Nordea Bank

Acted for Danske Bank, DNB Bank and Nordea Bank on a set of financing arrangements provided to Thule Group AB (publ), in connection with its listing on NASDAQ Stockholm. The financing arrangements included SEK 2,900 million multicurrency and revolving facilities to Thule Group AB (publ), SEK 1,000 million secured term loan facilities to Thule's principal owners, an LBO financing of Thule's towbar business, and brink and bridge facilities provided in connection with the listing. The Thule Group is the global market leader product categories including sport and cargo carriers for the car, camera bags and multifunctional child carriers.

Nordea Bank

Acted for Nordea Bank in connection with the financing of Accent Equity's acquisition of San Sac and EnviroPac, and its subsequent add-on acquisition of TOMRA Compaction.

DNB Bank, Skandinaviska Enskilda Banken

Acted for DNB Bank and Skandinaviska Enskilda Banken in connection with the €140 million and US$35 million financing of Gunnebo AB (publ). The Gunnebo Group is a Nasdaq-listed worldwide leader in security products, services and solutions.

Skandinaviska Enskilda Banken, Svenska Handelsbanken

Acted for Skandinaviska Enskilda Banken and Svenska Handelsbanken in connection with the SEK 1,000 million financing of ÅF AB (publ). The ÅF group is a NASDAQ listed leader in technical consulting for the energy, industrial and infrastructure markets.

Södra

Acted for the bank syndicate in connection with the EUR 210,000,000 and SEK 2,000,000,000 financing of Södra Skogsägarna ekonomisk förening. More than 50,000 forest owners in southern Sweden are members of Södra, together accounting for more than half of all privately owned forest in the area.

SSAB

Represented SSAB, a leading producer of high strength steel, in the financing of the public offer and merger between SSAB and the Finnish company Rautaruukki Oyj. The recommended share exchange offer to Rautaruukki's shareholders was valued at around €1.1 billion. The combined entity is now a Nordic and US-based steel company, with headquarters in Stockholm.

NCC

Acted for NCC Treasury AB in connection with its EUR 400,000,000 revolving credit facility provided by a syndicate of Nordic banks. The NCC group is a NASDAQ listed leading construction group.

Senior lenders

Represented the senior lenders in connection with the financial restructuring of a NASDAQ OMX-listed company. Both the public nature of this work, and its final advanced debt structure made this one of the most complex restructurings in Sweden in recent years.

Senior lenders

Represented the senior lenders in connection with the financial restructuring of a private equity-owned group. The cross-border elements, limited enforcement options, bank take-over and exit made this one of the more complex restructurings in the Nordic region in 2015 and 2016.

Private equity sponsor

Represented a private equity sponsor in connection with the financial restructuring of a portfolio company. This involved a complex debt restructuring, which included the development of unique solutions for the senior lender and the sponsor. The creation of a debt instrument that classifies as equity with the borrower, in combination with a synthetic waterfall, made it one of the most complex structures in Sweden in recent years.

Nordea Bank

Represented Nordea Bank, as senior lender, in connection with Adelis Equity Partners' acquisition of the Logent Group from the founders and Inter IKEA Investments AB. Logent has an extensive network of on-site solutions in Sweden and Norway, and currently has around 3,500 employees.

Publications

  • Changes to Swedish Financial Assistance Regulation, Butterworth's Journal of International Banking and Financial Law, 2004

Awards & Recognition

Leading lawyer, The Legal 500 2011 – 2015

Leading lawyer, IFLR1000 2009 – 2015

Leading lawyer, Chambers and Partners Europe/Global 2009-2015 (Banking) and 2014-2015 (Restructuring/Insolvency)