Favorable macroeconomic conditions support good year of M&A and IPO work for Sweden’s leading legal advisers
London, 30 September 2015 – Supportive macroeconoomic conditions have led to an active year for the leading law firms in the Swedish market. Negative interest rates and high bank liquidity, relative depreciation of the Swedish krona and mature exit-ready assets on private equity balance sheets have supported strong M&A and IPO deal flow for the leading law firms, according to a report published today by Legal DealFolio (www.legaldealfolio.com).
Whereas IPO activity on several European bourses was lower than for the same period last year, Nasdaq Stockholm and First North saw greater activity. On the M&A side, the leading law firms advised on a higher number of strategic (trade) buyer transactions than financial buyer/private equity deals.
The industrial sector was the most active, followed by retail, technology and media. Traditionally strong firms such as Vinge and Gernandt & Danielsson led the way with the most transactions. The leading capital markets lawyers (both debt and equity) were from Gernandt & Danielsson and the leading M&A lawyers were from Vinge and Setterwalls.
Looking forward, Legal DealFolio notes that global factors such as a Chinese slowdown and Fed tightening have the potential to slow down activity in the Swedish market over the next two quarters.
Editorial
30 Sep 2015 Sweden Deal Flow Survey YTD 2015
Favorable macroeconomic conditions support good year of M&A and IPO work for Sweden’s leading legal advisers
London, 30 September 2015 – Supportive macroeconoomic conditions have led to an active year for the leading law firms in the Swedish market. Negative interest rates and high bank liquidity, relative depreciation of the Swedish krona and mature exit-ready assets on private equity balance sheets have supported strong M&A and IPO deal flow for the leading law firms, according to a report published today by Legal DealFolio (www.legaldealfolio.com).
Whereas IPO activity on several European bourses was lower than for the same period last year, Nasdaq Stockholm and First North saw greater activity. On the M&A side, the leading law firms advised on a higher number of strategic (trade) buyer transactions than financial buyer/private equity deals.
The industrial sector was the most active, followed by retail, technology and media. Traditionally strong firms such as Vinge and Gernandt & Danielsson led the way with the most transactions. The leading capital markets lawyers (both debt and equity) were from Gernandt & Danielsson and the leading M&A lawyers were from Vinge and Setterwalls.
Looking forward, Legal DealFolio notes that global factors such as a Chinese slowdown and Fed tightening have the potential to slow down activity in the Swedish market over the next two quarters.