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Mergermarket

White & Case Stockholm Named M&A Legal Adviser of the Year

Mergermarket has awarded global law firm White & Case LLP the title of M&A Legal Advisor of the Year for 2020 amongst business law firms in Sweden.

The Europe M&A Awards recognize financial and legal advisers' excellence in M&A deals in Europe, and are based on Mergermarket league tables and input from an independent judging panel.

"We are extremely proud and grateful to our clients to have been awarded the most prestigious international accolade for Swedish M&A," said Jan Jensen, Nordic Head of Private Equity and Office Executive Partner in Stockholm. "This award is a great recognition of the strength of our leading M&A and Private Equity practice in Sweden."

Among the 49 transactions in Sweden so far this year, White & Case has advised Klarna, the leading global payments and shopping service, on its recent landmark US$650 million fundraising at a post money valuation of US$10.65 billion, making Klarna the highest-valued private fintech in Europe and the 4th highest worldwide.

White & Case also advised Oatly, the leading and fast growing plant-based drinks, yoghurt and ice cream producer, and its shareholders on the US$200 million equity investment by a group of investors led by Blackstone Growth, which also included Oprah Winfrey, former Starbucks CEO Howard Schultz, and Jay-Z founded entertainment company Roc Nation.

Another example of a high profile transaction is EQT's recent acquisition of 29.6% of the shares in Beijer Ref, a world-leading wholesaler of cooling technology and air conditioning and listed at Nasdaq Stockholm, Large Cap segment. The transaction, at a deal value of ca. US$1.1 billion and making EQT the largest shareholder in Beijer Ref, required advice across a number of practice areas and geographical markets.