Magnus Wennerhorn

Partner, Stockholm


“Magnus Wennerhorn is our trusted advisor that we can turn to with all types of questions. He gives high-quality advice and is one of the absolute best banking lawyers in the region.”
The Legal 500


Co-head of White & Case's Debt Finance 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 public offers, 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
Juris kandidat
Stockholm University
with major in business administration
Stockholm School of Business
Studies in international banking and finance law
Queen Mary College, University of London


Representation of Deutsche Bank AG, London Branch and Nordea Bank Abp, as Initial Purchasers, on the issuance by Assemblin Financing AB (publ) of €250 million senior secured floating rate notes due 2025 and the establishment of new super senior revolving credit and guarantee facilities as well as a new pension guarantee facility.

Representation of Nordea Bank AB (publ), SEB (publ) and AB Svensk Exportkredit (publ) on the EUR 405 million financing of Mekonomen AB (publ)'s acquisition of FTZ in Denmark and INTER-TEAM in Poland.

Representation of Nordea Bank, together with Citibank, N.A., London Branch and Skandinaviska Enskilda Banken AB as the original lenders, on the SEK 11 billion term facility agreement made available to Tele2 AB (publ) to finance part of the merger with Com Hem Holding AB (publ). The merger gives Com Hem a valuation of approximately SEK 26.6 billion (US$3.2 billion). Tele2 is a NASDAQ Stockholm-listed telecom operator and Com Hem is a NASDAQ Stockholm-listed TV cable company.

Representation of Carnegie Investment Bank AB, Nordea Bank AB and Pareto Securities AS, as Joint Bookrunners, on the issuance by Ovako AB of €310 million 5% senior secured notes due 2022 governed by Swedish law. Ovako, which develops high-tech steel solutions, used the proceeds of the Swedish law governed notes to refinance its outstanding New York law governed €300 million 6.5% senior secured notes due 2019.

Representation of private equity fund Altor Fund IV in connection with the financing of the successful public cash offer to the shareholders of Transcom WorldWide AB (publ), a company listed on Nasdaq Stockholm. The total value of the offer amounts to approximately SEK 2.3 billion.

Representation of Altor Fund IV and Goldman Sachs MBD in connection with the financing of their joint acquisition of Navico Holding AS.

Representation of Nordic banks in relation to the €500 million 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.

Representation of 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 2.9 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.

Representation of 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.

Representation of 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.

Representation of 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.

Representation of 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.

Representation of 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.

Representation of 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.

Representation of 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.


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

Awards and Recognition

Magnus Wennerhorn is "an outstanding lawyer, whose sound advice and business acumen has made him a trusted adviser"
The Legal 500 Hall of Fame (Banking and Finance), 2019 & 2020

Banking & Finance Chambers Europe Band 2, 2019

Leading lawyer, The Legal 500, 2011–2017

Leading lawyer, IFLR1000, 2009–2017

Leading lawyer, Chambers and Partners Europe/Global 2009–2017 (Banking) and 2014–2017 (Restructuring/Insolvency)