Selected Cases

Nicoya

Andulf acted as lead legal advisor for Nicoya.

Creandum

Andulf Acted as Lead Legal Advisor for Creandum. They Back the Companies of Tomorrow.

Norrsken VC

Andulf Acted as Legal Advisor for Norrsken VC. They are Investing in Start-ups Solving the Worlds Biggest Problems While Building Massive Businesses.

Norrsken VC

Andulf Acted as Legal Advisor for Norrsken VC. They are Investing in Start-ups Solving the Worlds Biggest Problems While Building Massive Businesses.

September 2024

Broviken Gruppen

Acquisition of Ortopediskt Centrum i Stockholm

arrow

Andulf acted as legal advisor to Broviken Gruppen in connection with the acquisition of Ortopediskt Centrum i Stockholm AB.

July 2024

Progrits

Acquisition of INT Affärsdesign AB's assets

arrow

Andulf acted as legal advisor to Progrits in connection with the acquisition of the assets in INT Affärsdesign AB.

May 2024

Norrsken VC

Norrsken invests in Syre

arrow

Andulf acted as legal advisor for NVC Fund 2 in connection with its investment into Syre as part of Syre’s $100 million Series A. Syre is a textile impact company decarbonizing and dewasting the industry through textile-to-textile recycling, initiated by Vargas and H&M Group.

May 2024

Norrsken VC

Andulf lead legal advisor on Norrsken VC’s second fund – oversubscribed at €320m

More information here
arrow

May 2024

Progrits

Acquisition of Suomen Aktiivitieto Oy

arrow

Andulf acted as legal advisor to Progrits in connection with the acquisition of Suomen Aktiivitieto Oy.

April 2024

Spintop Ventures

Spintop lead investor in Norditech AB (VISS.AI)

arrow

Andulf acted as legal advisor for Spintop Investment Partner IV in connection with its investment in Norditech AB, the company behind VISS.AI, the world’s first AI office worker.

February 2024

Verdane

Andulf lead legal counsel when Verdane closes Edda III

More information here
arrow

February 2024

Infrateq Group Holding AB

Sale of Infrateq and Investment in Binero Group AB (publ)

arrow

Andulf acted as sell side advisor in the sale of Infrateq Group AB to Binero Group AB (publ) and in the sellers’ subsequent investment in Binero Group AB (publ).

January 2024

One Agency Holding

Merger of One Agency, Nordicstation and Polarcape

arrow

Andulf acted as legal advisor for One Agency Holding AB in connection with its acquisition of Polarcape Consulting AB and Nordicstation AB.

January 2024

Stella Capital

Stella Capital Lead Investor in Qvalia AB

arrow

Andulf acted as legal advisor for Stella Capital in connection with its investment in Qvalia AB, a Swedish financial technology company.

November 2023

Verdane

EasyPark Group intends to acquire Flowbird Group

More information here
arrow

Andulf acts as legal advisor to Verdane when portfolio company Easypark intends to acquire Flowbird.

November 2023

Norrsken22

Norrsken22’s debut fund closes at $205M to back growth-stage startups in Africa

More information here
arrow

Andulf lead legal advisor when Norrsken22 closes debut fund at USD 205m to back startups in Africa.

September 2023

Monterro

Acquisition of PLAYipp

arrow

Andulf acted as legal advisor for Monterro in its acquisition of Swedish SaaS company PLAYipp. PLAYipp offers a platform for user-friendly, secure management and publication of information from multiple sources to digital screens and digital meeting room bookings.

September 2023

Verdane

Andulf lead legal counsel when Verdane closes Capital XI

More information here
arrow

September 2023

Spintop Ventures

Spintop lead investor in Elastisys AB

arrow

Andulf acted as legal advisor for Spintop Investment Partner IV in connection with its investment in Elastisys, a spin-off company from Umeå University, specializing in cloud native technologies with a strong commitment to information security.

August 2023

Eterna Invest AB (publ)

Sale of Progrits

arrow

Andulf acted as legal advisor to Eterna Invest AB (publ) and to the minority sellers in connection with the sale of Progrits AB to Axcel. Progrits is a leading vertical software and information services company within business to business.

July 2023

Standout Capital

Standout Capital invests in Setly

More information here
arrow

Andulf acted as legal advisor for Standout Capital in its investment in Setly, a technology-oriented accounting and payroll services provider.

July 2023

Stella Capital

Stella Capital invests in Schain and Mailo

arrow

Andulf acted as legal advisor for Stella Capital in connection with its investment, via a new co-owned company, into the two related companies Schain Research AB and Mailo Global AB.

July 2023

Bellman Group AB (publ)

Acquisition of Varbergs Grävteknik

arrow

Andulf acted as legal advisor to Bellman Group AB (publ) in connection with the acquisition of Varbergs Grävteknik AB.

July 2023

Areim

Areim signs agreement to buy all shares in HAM Nordic – gains full control over Magnolia Bostad AB

More information here
arrow

Andulf acted as legal counsel to Areim Fund V in respect of the purchase of shares in Magnolia Bostad AB’s holding company HAM Nordic AB.

June 2023

PRI Pensionsgaranti (PRI)

PRI invests in Quinbrook Infrastructure Partners III

arrow

Andulf acted as legal advisor to PRI in connection with its investments in Quinbrook Infrastructure Partners III.

June 2023

Areim

Establishment of Areim DC Fund

More information here
arrow

Andulf acted as lead fund formation counsel in connection with the establishment of Areim Fastigheter DC.

June 2023

Saminvest AB

Saminvest invests in FSG Fund II

arrow

Andulf acted as legal advisor to the Swedish state owned company Saminvest AB in connection with its investments in FSG Fund II AB.

June 2023

Spintop Ventures

Spintop lead investor in Embedl

arrow

Andulf acted as legal advisor for Spintop Investment Partner IV in connection with its investment into Embedl, a strategic move set to amplify its operations and further enhance the tools that are delivering the highest-performing AI models in the automotive industry.

May 2023

Trapets

Acquisition of Regtech Solutions

More information here
arrow

Andulf acted as legal advisor for Trapets, a leading Nordic software company offering solutions to fight financial crime, in its acquisition of Regtech Solutions, a Swedish software company offering KYC and screening services solutions to comply with AML regulations.

May 2023

Creades AB (publ)

Creades invests in Kreditz

arrow

Andulf acted as legal advisor for Creades AB (publ) in connection with its investment in Kreditz AB.

April 2023

Verdane

Verdane invests in Verified

More information here
arrow

Andulf acted as legal advisor for Verdane in its investment in Verified, a B2B SaaS company providing AML and KYC, signing and authentication workflows.

April 2023

Norrsken

Norrsken invests in Evroc

arrow

Andulf acted as legal advisor for NVC Fund 2 in connection with its investment in Evroc, Europe’s first secure, sovereign and sustainable hyperscale cloud.

April 2023

European Investment Fund

EIF invests in Voima Ventures Partnership III

arrow

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Voima Ventures Partnership III LP, a Finnish fund focusing on scientific deep tech ventures in the Nordics and Baltics.

March 2023

Verdane

Verdane invests in Blinto

More information here
arrow

Andulf acted as legal advisor for Verdane in its €10.6 million investment in Blinto, a fast-growing online auction platform used for heavy machinery.

March 2023

node.vc

node.vc launches first fund

More information here
arrow

Andulf legal advisor when node.vc launches first fund.

March 2023

Nicoya AB (publ)

Sale of shares in Kavall

arrow

Andulf acted as legal advisor to Nicoya AB (publ) in connection with its sale of shares in Kavalleriet AB to Mathem. Kavall (now Mathem Express) services mainly consists of home delivery services with regards to groceries.

March 2023

PRI Pensionsgaranti (PRI)

PRI invests in Integrum Capital Partners

arrow

Andulf acted as legal advisor to PRI in connection with its investments in Integrum Capital Partners.

March 2023

Saminvest AB

Saminvest invests in business angel company administrated by Blekinge Business Incubator

arrow

Andulf acted as legal advisor to the Swedish state owned company Saminvest AB in connection with its investments in a business angel company administrated by Blekinge Business Incubator (BBI), Kick Capital I AB.

March 2023

VC Investors

Financing of Hedvig

arrow

Andulf acted as legal advisor for existing VC investors, including CommerzVentures and Cherry Ventures, in connection with Adelis and SEBs investment into Hedvig AB, which provides a software as a service solution for the insurance industry.

February 2023

Standout Capital

Standout Capital II holds final closing at hardcap

More information here
arrow

Andulf lead legal advisor when Standout Capital II holds final closing at hardcap.

January 2023

Verdane

Further investment into Polytech

More information here
arrow

Andulf acted as local legal advisor for Verdane in its strategic investment together with FSN Capital of approximately €135 million in Polytech, a global market leader in rotor-blade technical solutions for wind turbines.

January 2023

Born Försäkringar

Sale of Born Försäkringar

arrow

Andulf acted as sell-side advisor in the sale of Born Försäkringar, a property insurance broker, to Säkra.

January 2023

Monterro

Monterro small-cap fund closed at hardcap EUR 150m

More information here
arrow

January 2023

Spintop Ventures

Spintop invests in Scrintal Labs

arrow

Andulf acted as legal advisor for Spintop Investment Partners IV in connection with its investment in Scrintal Labs AB. The company combines visual canvases with documentation to help professionals and teams go from idea to presentable work on the same screen.

January 2023

Areim

Establishment of Areim Fund V

More information here
arrow

Andulf acted as lead fund formation counsel in connection with the establishment of Areim Fastigheter 5.

January 2023

European Investment Fund

EIF invests in Nordic Alpha Partners Fund II

arrow

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Nordic Alpha Partners Fund II K/S, a Danish fund focusing on sustainability technology companies.

December 2022

Standout Capital

Standout invests in Business Engagement Group

arrow

Andulf acted as legal advisor for Standout Capital in its investment in Business Engagement Group, a leading Dynamics 365 partner to Nordic enterprises.

November 2022

Monterro

Acquisition of Hub Planner

arrow

Andulf acted as legal advisor for Monterro in its acquisition of Hub Planner, a SaaS company offering resource management services.

November 2022

Monterro

Monterro authorised AIF Manager

arrow

Andulf acted as legal advisor to Monterro Fund Management AB in its application for authorisation as AIF Manager. The application was approved by the Swedish Financial Supervisory Authority on 28 November 2022.

November 2022

Spintop Ventures

Spintop invests in Infobaleen

arrow

Andulf acted as legal advisor for Spintop Investment Partners IV in connection with its investment in Infobaleen AB whose platform makes large amounts of customer data easily accessible and helps companies manage their business on the right KPIs.

November 2022

Nicoya

Andulf lead legal advisor to Nicoya AB in connection with Private Placement

arrow

Andulf acted as lead legal advisor to Nicoya AB in connection with a Private Placement. Nicoya AB is a business-accelerating investment company focusing on foodtech.

November 2022

Astorya.vc

Invest in Claims Carbon

arrow

Andulf acted as legal advisor to Astorya.vc in connection with its investment in Claims Carbon, a net zero insurance data startup.

August 2022

Aquademica

Sale of Aquademica AB

arrow

Andulf acted as legal advisor to sellers in connection with the sale of Aquademica to Raksystems.

July 2022

Bellman Group AB (publ)

Acquisition of Bröderna Öhman AB

arrow

Andulf acted as legal advisor to Bellman Group AB (publ) in connection with the acquisition of Bröderna Öhman AB.

June 2022

Bellman Group AB (publ)

Acquisition of Börje Holmgrens Åkeri AB

arrow

Andulf acted as legal advisor to Bellman Group AB (publ) in connection with the acquisition of Börje Holmgrens Åkeri AB.

June 2022

Spintop Ventures

Spintop invests in AlexisHR

arrow

Andulf acted as legal advisor for Spintop Investment Partners III in connection with its investment in AlexisHR. Alexis’ mission is to change the way companies deal with their people administration by making it effortless, simple, and quick.

June 2022

Norrsken

Norrsken invests in 1Komma5°

arrow

Andulf acted as legal advisor of NVC Fund 1 in connection with its investment in 1Komma5°. Aiming at answering the question: how can we help decarbonise millions of homes in Europe as fast as possible, 1Komma5 offers a solution to the bottleneck of the fragmented “last mile” installation of solar power, heat pumps, storage and charging.

May 2022

Evolver Fund I

Buy and build of multi-disciplinary technical consulting group

arrow

Andulf acted as legal advisor to Evolver, through its controlled company XPartners Samhällsbyggnad, in connection with its purchase of Toofab.

May 2022

Norrsken

Norrsken invests in BeZero

arrow

Andulf acted as legal advisor of NVC Fund 1 in its investment in BeZero - a ratings agency for voluntary carbon credits, setting out to become the leading source of information for carbon markets.

April 2022

Monterro

Monterro Fund 4 acquisition of Pythagoras

arrow

Andulf acted as legal advisor for Monterro in its acquisition of Pythagoras Systems AB, a Swedish SaaS company offering an innovative cloud platform for property, real estate, and facility management.

April 2022

Cityläkarna

Sale of Cityläkarna

arrow

Andulf acted as legal advisor to the sellers in connection with the sale of Cityläkarna to Helsa Primärvård Sverige AB.

April 2022

Veterankraft AB

Sale of Veterankraft AB

arrow

Andulf acted as legal advisor to the sellers in connection with the sale of Veterankraft AB to Heart BidCo AB.

March 2022

Stella Capital

Stella Capital invests in Soft Goat and By Malina

arrow

Andulf acted as legal advisor for Stella Capital in connection with its investment, via a new co-owned company, into the two Scandinavian fashion companies Soft Goat AB and By Malina AB.

February 2022

Steab Förvaltning AB

Acquisition of Axessa Solution Group AB and A S G Hosting AB

arrow

Andulf acted as legal advisor to Steab Förvaltning AB in connection with the acquisition of Axessa Solution Group AB and A S G Hosting AB.

February 2022

Progrits

Acquisition of Fristad Konsult AB

arrow

Andulf acted as legal advisor to Progrits AB in connection with the acquisition of Fristad Konsult AB.

February 2022

Spintop Ventures

Spintop invests in Acamp

arrow

Andulf acted as legal advisor of Spintop Investment Partners III in connection with its investment in Acamp tech AB, a company founded in 2020 by Öjje Holt and Paul Berggren, which is operating a marketplace hospitality platform linking landowners and motorhome owners with the mission to make it easy for campers to explore and book great places to camp.

January 2022

Verdane

Verdane invests in Instabox

arrow

Andulf acted as legal advisor for Verdane Capital in connection with the acquisition by Instabox of Verdane’s portfolio company Porterbuddy and the concurrent investment by Verdane into Instabox. Instabox is a European consumer-based parcel delivery service provider and the partnership with Porterbuddy will create possibilities for a greener and even more user-friendly last mile delivery for European consumers.

January 2022

Monterro

Monterro Fund 3 portfolio company Moment acquisition of Millnet

arrow

Andulf acted as legal advisor of Monterro’s Norwegian portfolio company Moment’s acquisition of Millnet, a Swedish SaaS company providing project and resource management services.

January 2022

Verdane

Andulf lead legal advisor when Verdane launches Europe's largest growth impact fund

More information here
arrow

January 2022

Bellman Group AB (publ)

Acquisition of Axelsson Diamanthåltagning

arrow

Andulf acted as legal advisor to Bellman Group AB (publ) in connection with the acquisition of the business of Axelsson Diamanthåltagning.

January 2022

Spintop Ventures

Spintop invests in Univid AB

arrow

Andulf acted as legal advisor of Spintop Investment Partner III in connection with its investment in Univid AB, a software startup developing an event management platform.

January 2022

Sound Bioventures

Sound Bioventures Fund I

More information here
arrow

Andulf lead legal advisor when Sound Bioventures raises EUR 110 million in the first closing of its first fund.

December 2021

Nicoya AB

Andulf lead legal advisor to Nicoya AB in connection with MSEK 400 Private Placement

More information here
arrow

Andulf acted as lead legal advisor to Nicoya AB in connection with a Private Placement under which Nicoya raised MSEK 400. Nicoya AB is a business-accelerating investment company focusing on foodtech.

December 2021

Norrsken

Norrsken invests in General Fusion

arrow

Andulf acted as legal advisor of NVC Fund I in connection with its investment in General Fusion, which is transforming how the world is energized by developing the first commercially-viable fusion power plant.

November 2021

Monterro Fund 4

Andulf lead legal Advisor on establishment of M4 Software Investment

More information here
arrow

October 2021

Norrsken

Norrsken invests in Grünfin

arrow

Andulf acted as legal advisor of NVC Fund I in connection with its investment in Grünfin, which has developed an investment platform that makes it easy to invest based on values such as climate, health or equality.

September 2021

Commerz Ventures

CommerzVentures invests in Doconomy

arrow

Andulf acted as legal advisor for CommerzVentures Beteiligungs GmbH & CO. KG in connection with its investment in Doconomy AB, a leading player in climate technology, helping banks, brands and consumers to measure, understand and reduce their environmental impact.

September 2021

Saminvest AB

Saminvest invests in Hadean II

arrow

Andulf acted as legal advisor to the Swedish state owned company Saminvest AB in connection with its investments in Hadean II.

August 2021

MMSports

Sale of MMSports

arrow

Andulf acted as legal advisor to sellers in connection with the sale of MMSports to CapMan. MMSports is one of the leading sports nutrition and health supplement companies in Sweden.

August 2021

Svensk Linjebesiktning

Sale of Svensk Linjebesiktning

arrow

Andulf acted as legal advisor to sellers in connection with the sale of Svensk Linjebesiktning to the listed company Dlaboratory Sweden AB (publ). Svensk Linjebesiktning provides inspection services of electricity and telecommunication grids for grid operators.

July 2021

European Investment Fund

EIF invests in Crowberry II

arrow

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Crowberry II, an Icelandic VC fund focusing on early-stage ICT companies.

June 2021

Sentor Managed Security Services

Sale of Sentor

arrow

Andulf acted as legal advisor to sellers in connection with the sale of Sentor to Accenture. Sentor is a Sweden-based provider of cyber defense and managed security services.

June 2021

Evolver Fund I

Buy and build of multi-disciplinary technical consulting group

arrow

Andulf acted as legal advisor to Evolver, through its controlled company XPartners Samhällsbyggnad, in connection with its purchase of Bsv arkitekter & ingenjörer, Contekton Arkitekter Fyrstad, Hedström & Taube Projektledning and KMP Konsult.

June 2021

Saminvest AB

Saminvest invests in business angel company managed by SmiLe Incubator

arrow

Andulf acted as legal advisor to the Swedish state owned company Saminvest AB in connection with its investments in a business angel company managed by SmiLe Incubator.

May 2021

Athanase Industrial Partner

Authorisation as AIF Manager

arrow

Andulf acted as legal advisor to Athanase Industrial Partner AB in its application for authorisation as AIF Manager. The application was approved by the Swedish Financial Supervisory Authority on 21 May 2021.

April 2021

Ymer SC AC

Listed fund for investments in structured credits.

More information here
arrow

Andulf continued lead legal advisor on raising of Ymer SC AC, a fund investing predominantly in the junior part of the capital structure of both cash and synthetic securitisations such as CLOs, CDOs, ABS, and reg cap trades. The fund has issued instruments listed on NGM.

March 2021

Nordtech

Establishment of Nordtech

More information here
arrow

Andulf lead legal advisor on establishment and financing of Nordtech.

February 2021

Verdane

Establishment of Verdane Edda II

More information here
arrow

Andulf lead legal advisor when Verdane closes Edda II fund at hard cap with EUR540m.

January 2021

European Investment Fund

EIF invests in eEquity IV

arrow

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in eEquity IV under the “European Scale-up Action for Risk capital” (ESCALAR) pilot programme, backed by the Investment Plan for Europe.