Selected Cases

Andulf acted as legal advisor to the Swedish state owned company Saminvest AB in connection with its investments in the angel investment company administrated by STING, the seventh angel round, Propel Capital VII.

Andulf acted as legal advisor to Saminvest AB in connection with its investment in Turbine Capital I, a Swedish early-stage deeptech fund.

Andulf acted as legal advisor to Amaron when establishing the fund Amaron Commercial Properties AB (publ) and listing of the fund on Nordic Growth Market NGM.

Andulf acted as lead legal advisor in Binero’s acquisition of all shares in IT Partner Tromsø AS.

Andulf provided legal counsel to the Ariem DC Fund in the capital raise.

Andulf acted as legal advisor to Verdane and to the minority sellers in connection with the sale of Safira Group to Glitter.

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in IPR.VC Fund III Ky, a Finnish fund aiming at bolstering movies and television series made predominantly in Europe.

Andulf acted as legal advisor for CERM NV in its acquisition of Swedish SaaS company Omikai Systems.

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Course Corrected VC Fund II, a Swedish fund aiming to back start-ups in electrification, energy efficiency and sustainable industrial technologies primarily in the Nordic countries.

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Credo III, a Norwegian fund aiming to advance digitalisation, decarbonisation and sustainable business models in Scandinavia.

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Momentum III AS, a Norwegian climate and environmental impact fund focused on bold early-stage green technology in the Nordics.

Andulf lead legal counsel when Celero closes Celero Capital Fund I and raises more than €300 million.

Andulf acted as legal advisor for Norrsken Launcher in connection with its investment into Renasens AB, which has developed a breakthrough technology that cost-efficiently transforms blended textile into high-quality fibers and thus makes textile recycling commercially viable.

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

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

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in CoreCapital I K/S, a Danish fund focusing on the renewable energy sector primarily in Denmark.

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.

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

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.

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).

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

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

Andulf acted as legal advisor to the European Investment Fund (“EIF”) in connection with its investment in Armada Fund VI Ky, a Finnish hybrid debt-equity fund focusing on lower mid-market companies primarily across the Nordic countries.

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

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

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.

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.

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.

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

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.

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

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.

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

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

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

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.

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.

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

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

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.

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.

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.

Andulf legal advisor when node.vc launches first fund.

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.

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

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.

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.

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

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.

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

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.

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

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.

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

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

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.

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.

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.

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

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

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

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

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.

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.

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

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.

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.

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

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

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.

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.

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

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

Andulf lead legal advisor on establishment and financing of Nordtech.