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 H&M Hennes & Mauritz AB (publ), the Sweden-based global fashion and design company, on the update of its €2 billion EMTN programme.
Representation of Toyota Industries Finance International AB (publ), an indirect wholly-owned subsidiary of Toyota Industries Corporation (TICO), on the update of its US$4 billion EMTN programme.
Representation of J.P. Morgan as global coordinator and joint bookrunner, Nordea as Nordic coordinator and joint bookrunner, and Deutsche Bank, DNB and SEB as joint bookrunners, on a Rule 144A/Regulation S offering of €350 million senior secured floating rate notes due 2027 for financing IK Partners' acquisition of Renta Group, a Finnish equipment rental company.
Representation of Qred AB (publ) a Swedish fintech company, partially owned by Nordic Capital, on its issuance of up to SEK 600 million senior secured bonds due 2025.
Representation of Pareto Securities as sole bookrunner on the issuance by Cabonline Group Holding AB (publ) of up to SEK 1.8 billion senior secured sustainability-linked floating rate bonds due 2026. 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.
Representation of Arcus Infrastructure Partners, an investment fund manager focused on European infrastructure, on its acquisition of Opus Bilprovning, one of Sweden's largest vehicle inspection companies.
Representation of Danske Bank and Swedbank on the senior financing, and Capital Four on a holdco PIK financing, for the acquisition of FCG Group, a leading governance, risk and compliance services provider in Europe, by IK Partners.
Representation of FSN Capital, as sponsor for senior facilities provided on the acquisition of Active Brands AS, a fast growing house of premium sports apparel and equipment brands.
Representation of Nordea, Swedbank and Aktia Bank on the €141.5 million refinancing of the grocery-anchored real estate portfolio of Cibus Retail Finland 2 Oy and its subsidiaries (portfolio companies of Cibus Nordic Real Estate AB (publ)), consisting of approximately 45 real estate assets.
Representation of Halder's portfolio company, Booster Precision Components GmbH, an automotive parts producer in Germany, as issuer in connection with the refinancing of its existing debt. The refinancing involved the issuance of EUR 35,000,000 senior secured callable floating rate bonds, along with a subordinated loan of EUR 15,000,000. The bonds are Swedish law governed and will be listed on Nasdaq Stockholm. The subordinated loan is governed by German law.
Representation of Nordstjernan, a Swedish investment company owned by Ax:son Johnson family, on the acquisition of Aidian, a Finnish pharmaceuticals company under Orion.
Representation of J.P. Morgan as global coordinator and joint bookrunner, Nordea Bank as Nordic coordinator and joint bookrunner, and Deutsche Bank, DNB Markets and SEB as joint bookrunners, on a Rule 144A/Regulation S offering of €350 million senior secured floating rate notes due 2027 for financing IK Partners' acquisition of Renta Group Oy, a Finnish equipment rental company.
Representation of SEB and a top-tier direct lender on a senior/holdco PIK financing respectively for the acquisition of Truesec Group AB, a leading cybersecurity service provider in Sweden, by IK Partners.
Representation of Norva24, a leading Northern European UIM company, offering UIM services such as emptying services, pressure washing and pipe services in the Nordics and Germany, on its IPO on Nasdaq Stockholm.
Representation of Nordic Capital and its portfolio company, Greenfood AB (publ), a leading player in the Nordic food retail market, on its issuance of SEK 1,050,000,000 floating rate sustainability-linked senior secured bonds due 2025 to refinance existing bank funding. The team also acted on the related SEK 200,000,000 super senior revolving credit facility provided by Swedbank and associated intercreditor agreement.
Representation of Cary Group, a leading vehicle glass service provider offering sustainable car care solutions in the Nordics, UK and Spain, and a portfolio company of Nordic Capital, on its SEK 5.275 million IPO on Nasdaq Stockholm.
Representation of Kjell & Company, a leading consumer electronics accessories retailer and portfolio company of FSN Capital, on its IPO.
Representation of Deutsche Bank as mandated lead arranger and original lender on the financing of the acquisition of the DigiPlex data center business across Norway, Sweden and Denmark by affiliates of IPI Partners.
Representation of Tink, a leading global payments and shopping service, on its sale to Visa for €1.7 billion.
Representation of Nordea Bank and Pareto Securities as joint bookrunners on the issuance by PHM Group Holding Oy, a Nordic property maintenance and management services group, of €300 million 4.75% senior secured callable notes due 2026. White & Case also represented Nordea Bank on the €50 million super senior revolving credit facilities.
Representation of consortium led by APG, on the acquisition of 50 percent of the shares in Stockholm Exergi from Fortum for SEK 29.5 billion.
Representation of Oatly on its US$10 billion IPO and Nasdaq New York listing on the Nasdaq Global Select Market.
Representation of H&M, a leader in the retail fashion market, on its €500 million sustainability-linked bonds.
Representation of FSN Capital, a leading private equity adviser in the Northern European region, on its financing of acquisition of Obton group, a solar photovoltaic projects investment provider.
Representation of Goldman Sachs structured finance affiliate, on an oil inventory monetisation arrangement.
Representation of Archer Hotel Capital on its €380 million cross-collateralised financing package by Aareal Bank AG of a pan-European portfolio of seven hotels across Europe.
Representation of Hoist Finance on the first-ever rated securitization of a portfolio of Italian unsecured non-performing loans (NPLs) with a gross book value of €5 billion.
Representation of Eleda Infra Services Group, an infrastructure company focusing on civil engineering contract and other services, on their management buyout of Eleda from Triton.
Representation of Medicover on the €120 million debut assignable loan (Schuldscheindarlehen).
Representation of Nordic Capital Fund IX in the €190 million acquisition of iLOQ, a leading provider of self-powered digital locking systems headquartered in Oulu, Finland. The investment in iLOQ reinforces Nordic Capital's position as a leading private equity investor in Finland.
Representation of Atlas Copco AB, a Swedish industrial tools and equipment company, on 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, a global stainless steel manufacturer, 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 Quant AB (publ), a provider of industrial maintenance services, 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, a financial services group.
Representation of Nomura and and Barclays on 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 Svenska Handelsbanken AB, a Swedish bank, as issuer and Svenska Handelsbanken AB (publ), acting through its New York Branch, as guarantor in respect of a U.S. Medium Term Note Program.
New Swedish Restructuring Act, 2022, White & Case, Sweden (co-author).
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 -2022 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.
Tier 1 Capital Markets, practice (Sweden), Legal 500 EMEA, 2022
Tier 1 Banking & Finance, practice (Sweden), Legal 500 EMEA, 2020-2022
Leading Banking Lawyer 2019-2022 "Who's Who Legal"
Banking & Finance, Chambers Europe/Global, 2019-2023
Capital Markets: Debt, Chambers Europe/Global, 2019-2023
IFLR, 2019-2022: Highly regarded within Banking and Finance; Capital Markets; Corporate and M&A