Carl Hugo Parment

Partner, Stockholm

Biography

“‘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.’” Rising in the rankings, Carl Hugo Parment has notable experience in high-yield bonds and often acts on acquisition finance. Parment is described by one source as “very tough and creative in negotiations, finding compromises and pushing for the best terms. His availability and responsiveness are excellent.”
The Legal 500 EMEA, 2013 and 2014 / IFLR 1000, 2014 / Chambers Global, 2015 / Banking & Finance Chambers Europe Band 4, 2019

Overview

Carl Hugo Parment focuses on banking and finance law and has extensive experience of advising both lenders and borrowers in domestic and international transactions, especially within leveraged finance and real estate finance. His experience also includes involvement in capital markets transactions, including bond restructurings.

Carl Hugo also has significant experience from working with insolvency law and distressed debt including both formal and informal insolvency proceedings, enforcement of security interests and workouts relating to private equity owned companies.

Furthermore, Carl Hugo has in-depth knowledge of mergers & acquisitions within the financial industry, especially regarding acquisitions of both public and private financial institutions and debt portfolios.

Before joining White & Case in 2011, Carl Hugo worked as Head of Legal at DNB (Sweden) for five years and before that he worked as a senior associate at one of the leading Swedish law firms. Carl Hugo also has several years of board experience within the financial 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

Represented Gambling.com Group Plc as Issuer on the issuance of its up to EUR 25,000,000 senior secured notes due 2021. Gambling.com Group Plc is a multi-award winning provider of digital marketing services for the global iGaming industry.

Represented ABG Sundal Collier ASA, DNB Bank ASA and Pareto Securities AS, as Arrangers, on the issuance by Brado AB (publ) of SEK 600 million senior secured floating rate bonds due 2023 and SEK 150 million junior floating rate bonds due 2023 governed by Swedish law. Brado, which is part of the Adolfsen Group, used the proceeds from the senior and junior bonds to acquire and refinance the private healthcare provider Frösunda Group AB. The Firm also assisted on the related intercreditor arrangements.

Represented Carnegie Investment Bank AB (publ) as bookrunner on the issuance by Moment Group AB (publ) of up to SEK 400 million senior unsecured floating rate notes due 2021. Moment Group, which is one of the leading actors in the experience industry in Northern Europe, used the proceeds to refinance existing debt and for general corporate purposes (including acquistions).

Representation of FSN Capital in connection with the financing of their acquisition of the Mørenot group, a world leading supplier of equipment and services to the world’s fishery- and aquaculture industries.

Represented Quant AB (publ), as Issuer, on the issuance of €62.5 million senior secured floating rate bonds due 2023 and €28 million junior fixed rate bonds due 2023 governed by Swedish law. Quant, which is the global leader in industrial maintenance and owned by Nordic Capital, used the proceeds from the senior and junior bonds to refinance its outstanding facility of US$125 million (and uncommitted facility of up to US$50 million). The White & Case team also assisted on the establishment of a €20 million Multi- Currency Revolving Credit Facility provided by Nordea.

Representing Nordic Capital in connection with the financing of its acquisition of Ryds Bilglas, one of the leading vehicle glass repair and replacement companies in Sweden.

Representing Nomura and Barclays in connection with its acquisition of Cevian Capital’s entire stake in AB Volvo, the global leading truck manufacturer and the largest stock-listed entity in Sweden, and their subsequent on-sale of the entire stake to Geely.

Representing Nordic Capital VIII Limited on its € 2.1 billion acquisition of Lindorff.

Representing Nordic Capital VIII Limited on its acquisition of a majority stake in Gina Tricot.

Acting for FSN Capital in connection with the financing of the acquisition of Kjell & Co.

Represented a Luxembourg debt fund in connection with senior debt facilities provided for the purpose of financing a real estate acquisition made by a private equity sponsor.

Advising Svenska Handelsbanken AB as issuer and Svenska Handelsbanken AB (publ), acting through its New York Branch, as guarantor in an offering of an aggregate of US$2.5 billion of notes under its US$15 billion U.S. Medium Term Note Program. The offering comprised two series of notes: US$1.5 billion Section 3(a)(2) 2.5% notes due 2019 and US$1 billion Section 3(a)(2) floating rate notes due 2016. The underwriters were Credit Suisse, Goldman Sachs, Merrill Lynch and Morgan Stanley.

Representing 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.

Advising Norwegian private equity sponsor FSN on the acquisition of the Troax Group and the financing of that acquisition. Troax is a world leading supplier of mesh panels for machine guarding, industrial walls and property protection. The transaction included companies and assets in several jurisdictions.

Acting for China Development Bank Corporation in connection with the USD 800 million term loan facility provided to Volvo Personvagnar AB. The term loan facility provided to Volvo Personvagnar AB will be used to support the Volvo Car Group in further developing its product program as well as strengthening the capital structure over the coming years.

Representing China Development Bank Corporation in connection with the EUR 922 million term loan facility refinancing of Volvo Personvagnar AB. The term loan facility provided to Volvo Personvagnar AB was used to refinance existing loan facilities with, among others, the European Investment Bank.

Advising ING Bank and Credit Agricolé in respect of a JPY 17 billion export financing facility relating to telecom equipment produced by Ericsson and sold to Japan. The transaction was supported by the Swedish Export Credits Guarantee Board (Exportkreditnämnden) and the Swedish Export Credit Corporation (Svensk Exportkredit).

Acting for the lessor in connection with the negotiation of a USD 65 million leasing facility regarding a fleet of heavy duty equipment.

Representing SSAB AB (publ) in connection with new credit facilities which included a syndicated revolving credit facility, a bilateral credit facility, a facility backed by emission allowances and another asset-backed credit facility, in aggregate amounting to SEK 7.8 billion. The emission allowances backed financing is the first of its kind in 
Sweden.

Representing NCC AB (publ) and NCC Treasury AB in connection with a new EUR 325 million revolving credit facility. The revolving credit facility provided to NCC Treasury AB and guaranteed by NCC AB (publ) will be used for general corporate purposes and as a backstop for a commercial paper program.

Representing Leaf and its owners Nordic Capital and CVC in connection with the reversed IPO and the following refinancing of the confectionary companies Leaf and Cloetta. The combined company (Cloetta AB (publ)) will become a leading Swedish confectionery company with a strong base in the Nordic region as well as in Italy and the Netherlands.

Representing Nordic Capital as deal and regulatory counsel in connection with the divestment of its portfolio company Point International, Northern Europe's largest provider of payment and gateway services and solutions for retailers. The purchaser was VeriFone Systems, Inc., the global leader in secure electronic payment solutions.
 

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, 2015 -2019  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 - 2019, Law Business Research Ltd, London (co-author).

The International Insolvency Review, 4th Ed, Swedish Chapter, Law Business Research Ltd, London.

"Brief introduction to Swedish law regarding asset finance," Asset Finance Country Survey Sweden, Asset Finance International, February 2012 (with Oscar Hållén).
 

Awards and Recognition

Banking & Finance, Chambers Europe/Global, 2019

Capital Markets: Debt, Chambers Europe/Global, 2019

IFLR, 2019: Highly regarded within Banking and Finance; Capital Markets; Corporate and M&A

Leading Banking Lawyer 2019 "Who's Who Legal"