Cathrine Modig

AcuCort AB (publ) carries out a rights issue of shares of around MSEK 41.2. The funds contributed to the company through the rights issue shall primarily be used for the financing of the imminent commercialisation of AcuCort’s innovative drug candidate ISICORT®.

AcuCort develops and commercializes ISICORT® – a new fast-dissolving film that is placed on the tongue, based on a well-known cortisone substance – dexamethasone. ISICORT® is a smart product in a new, innovative, patented and user-friendly administration form primarily for the treatment of acute allergic reactions, viral croup in children and chemotherapy-induced nausea and vomiting. The bioequivalence study that forms the basis of the application for market approval in Europe is carried out with positive results, which strengthens the assessment that the time until commercialisation of ISICORT® may be relatively short. The AcuCort share is traded at Spotlight Stock Market in Sweden.

HWF Advokater acts as legal advisor to AcuCort in connection with the rights issue.

We welcome Julia Andersson as a new Associate at HWF Advokater. Julia is born and raised in Helsingborg and studied law at Lund University where she graduated in spring 2019.

We welcome Jonas Sporrstedt Lätt as a new Associate at HWF Advokater. Jonas has previously worked at Freja Partner. He is born and raised in Jönköping and studied law at Lund University where he graduated in the beginning of 2019.

Absolent Group AB (publ) has acquired Jeven Global Oy based in Mikkeli, Finland, and with manufacturing in Söderhamn, Sweden. Jeven is a privately held Nordic market leader in commercial kitchen ventilation and had a turnover in 2018 of SEK 126 million. The initial purchase price is SEK 100 million. Further, there is an earn out of maximum SEK 27 million directly linked to the EBIT level for the rest of 2019. The transaction is strategically important among other things as the commercial kitchen ventilation segment holds significant growth and innovation opportunities at the same time as it spreads Absolent’s market exposure across new areas.

Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2018 approximately 240 employees and a turnover of around SEK 640 million. The group has its headquarters in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.

Absolent Group was advised by HWF Advokater in the transaction.

Absolent Group AB (publ) has acquired Diversitech Inc., based in Montreal, Canada. Diversitech is a privately held global frontrunner in the fume extraction market expected to close the fiscal year 2019 in August with a turnover of SEK 140 million. The initial purchase price is SEK 96 million. Further, there is an earn out of maximum SEK 46 million directly linked to the EBITDA level performed over the next twelve months. The transaction is strategically important among other things as the company will serve as Absolent Group’s third growth platform following the existing metal machining and dust bulk handling platforms.

Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2018 approximately 240 employees and a turnover of around SEK 640 million. The group has its headquarters in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.

Absolent Group was advised by HWF Advokater in the transaction.

We welcome attorney-at-law Christian Hammenborn as Senior Advisor. Christian mainly works as external legal counsel to companies in various business areas. Christian also has considerable experience within dispute resolution and real estate law.

Carlisle Companies Incorporated, listed on the New York Stock Exchange, has acquired Ecco Finishing Aktiebolag, a privately held manufacturer of low and high pressure painting equipment and sealing applicators based in Skara, Sweden. Ecco Finishing’s products are used in a variety of application settings primarily in the automotive, ceramics, leather, wood and plastics industries.

Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered products and solutions and the acquisition of Ecco Finishing fits Carlisle’s strategy of expanding its portfolio of sealants and adhesives application equipment.

HWF Advokater acted as legal advisors to Carlisle in the transaction.

We welcome Erik and Alexandra as summer trainees. They are both at the end of their law studies at Lund University and Umeå University, respectively, and will for the next four weeks be getting an insight into what it is like working at a business law firm.

Tilgmann Group has reorganized its operations and divested Scandiflex Pac AB to Schur Flexibles. Scandiflex, founded in 1985, is a designer and manufacturer of packaging solutions, predominantly for the food industry but also within other product areas. The company has its headquarters in Landskrona, Sweden, and its turnover during 2018 amounted to approximately SEK 175 million.

Tilgmann Group, founded almost 150 years ago, is active within the packaging business in the Nordic countries.

Tilgmann was advised by HWF Advokater in the transaction.

Absolent Group AB (publ) has through its subsidiary Absolent AB acquired SMK Sverige AB in Skövde, Sweden. SMK is primarily a contract manufacturer of mechanical components with a turnover during 2017 of SEK 43 million. The purchase price amounted to SEK 13 million. Absolent has been the dominant customer for SMK. The transaction is strategically important among other things as it increases Absolent’s capacity and flexibility in its filter unit production.

Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2017 more than 200 employees and a turnover of around SEK 490 million. The group has its head quarter in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.

Absolent Group was advised by HWF Advokater in the transaction.