Carl Hugo Parment
Carl Hugo Parment co-heads the Debt Finance practice in Stockholm and focuses on banking and finance law. He 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.
Representation of Carnegie Investment Bank AB (publ) and Pareto Securities AS as joint bookrunners on the issuance by Cabonline Group Holding AB (publ) of up to SEK 2,200,000,000 senior secured floating rate bonds due 2022. The bonds were issued for the purpose of refinancing existing debt. The Firm also assisted on the establishment of a super senior revolving credit facility and the related intercreditor arrangements. Cabonline is the leading taxi company in the Nordic region with 3,000 connected taxi firms and approximately 5,700 vehicles in Sweden, Norway, Finland and Denmark.
Representation of Medicover AB as guarantor and Medicover Holding S.A. as borrower with regard to a EUR 27,000,000 1.2% 5y floating rate Schuldschein loan, arranged by Landesbank Hessen-Thüringen, ING and SEB.
Representation of Atlas Copco AB, a Swedish industrial tools and equipment company, in connection with the issuance by Atlas Copco Finance DAC of €300 million of 0.125 percent fixed rate notes due 2029 guaranteed by Atlas Copco AB under its US$3 billion Euro Medium Term Note Program. The notes are listed on Euronext Dublin. BNP Paribas, Citigroup Global Markets Limited and Skandinaviska Enskilda Banken AB (publ) acted as Managers in the offering.
Representation of Outokumpu Oyj in relation to its new secured EUR 400 million term loan facility arranged by Danske Bank A/S, Swedbank AB (publ), OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ) and Nordea Bank Abp.
Representation of 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.
Representation of 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.
Representation of 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 acquisitions).
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.
Representation of 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.
Representation of 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.
Representation of 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.
Representation of Nordic Capital VIII Limited, a fund owned by Nordic Capital, a private equity firm in the Nordic region on:
- its € 2.1 billion acquisition of Lindorff, a leading European credit management services provider.
- its acquisition of a majority stake in Gina Tricot, a leading Swedish fashion chain.
Representation of FSN Capital in connection with the financing of the acquisition of Kjell & Co.
Representation of 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.
Representation of 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.
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.
Representation of 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.
Representation of China Development Bank Corporation on:
- 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.
- 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.
Representation of 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.
Representation of 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.
Representation of 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.
Representation of 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.
Representation of 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.
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).
Leading Banking Lawyer 2019, 2020 and 2021 "Who's Who Legal"
Banking & Finance, Chambers Europe/Global, 2019, 2020
Capital Markets: Debt, Chambers Europe/Global, 2019, 2020
IFLR, 2019, 2020: Highly regarded within Banking and Finance; Capital Markets; Corporate and M&A