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CMS Wistrand has advised Auctus Capital Partners AG and its portfolio company Builtech Group, an integrated 360° provider in the field of Technical Building Equipment solutions across the German-speaking region, in the acquisition of Brion Group AB. Brion Group is a leading provider of technical services and installation solutions in Sweden with a wide range of services in the areas of heating & sanitation, ventilation and electrical (including traffic solutions). As part of the acquisition, the companies Brion Invest AB, Nytorp Energy Group AB, UTK Activ El AB and Trafiksystem Väst AB were brought together under the Brion Group umbrella. Through the acquisition, Builtech enters the Nordic market and becomes one of Europe’s leading players in the installation market. CMS Wistrand's team consisted of Sascha Schaeferdiek, Ólafur Steindórsson, Amanda Luthman and Mikaela Kronmann (all M&A) who were assisted by Amanda Espinasse (W&I insurance), Lovisa Attesjö (FDI notification), Rebecca Wärngren (employment), My Darling (real estate) and Elinor Berg (GDPR).

Overture Promotions Inc., a top 25 distributor of branded merchandise in the United States, has acquired Brandon, a branded merchandise agency headquartered in Gothenburg, Sweden, with offices in Asia and North America.  The acquisition was backed by Overture’s owner, Westbridge Capital Ltd., a Canadian private equity firm with a long-term view of growing its portfolio companies. Together, Brandon and Overture Promotions form the newly created Overture Marketing Group. CMS is proud to have advised Overture Promotions Inc. on this transaction. The deal was led by CMS Sweden Partner, Per Dalemo, with support from the extensive CMS global network. The transaction exemplifies our expertise in private equity transactions and underscores our ability to deliver seamlessly coordinated, cross-border legal work for our clients. Our teams across multiple jurisdictions, including Shanghai, Hong Kong, and Italy, worked in close collaboration to ensure the successful completion of this deal.

CMS Wistrand has advised Runway Safe AB in making a mandatory public offer to the shareholders of SARSYS AB, together with Tron Capital AB, through the jointly owned company Grundbulten 137100 AB (under name change to CFME Partners AB) On 14 August 2024, Grundbulten 137100 AB (under name change to CFME Partners AB) launched a mandatory public offer to the shareholders of SARSYS to acquire all shares in SARSYS for a cash consideration of SEK 2.70 per share. The shares in SARSYS are admitted to trading on NGM Nordic SME. Runway Safe is a Swedish company founded in 2014 with offices in both Europe and North America. The company specialises in runway safety in the aviation industry and conducts consulting activities in airport infrastructure, including stop systems for commercial aircrafts. Runway Safe has a long-standing partnership with SARSYS under which Runway Safe is the exclusive North American distributor for the SARSYS aviation product programme. Runway Safe's vision of providing knowledge and value-added solutions to improve runway operations and safety in the aviation industry aligns with SARSYS' goal of achieving safe road and runway conditions for vehicles and aircrafts through, among other things, the development and provision of IT systems. The combination of Runway Safe, Tron Capital and SARSYS enables continued support to realise the development plans and growth ambitions of SARSYS for the benefit of all stakeholders, including employees, customers and partners. CMS Wistrand's team consisted of Louise Berlin, Amanda Luthman, Mikaela Kronmann, Hendrik Kangasmuukko and Lars Gahnström.

CMS Wistrand har tidigare under våren biträtt VIEW Group AS vid förvärven av Consulta It-service AB och Consulta Hosting Services AB.

CMS Wistrand has advised Öster­sjös­tif­telsen on an investment in Petbuddy Group. The investment enabled Petbuddy Group to acquire the British company Thrive Pet Food. Petbuddy Group offers high-quality pet products with natural ingredients. Following the acquisition, the group consists of nine companies.  Öster­sjös­tif­telsen was established by the Swedish government in 1994. The foundation's mission is to support research, postgraduate education and academic infrastructure related to the Baltic Sea region and Eastern Europe at Södertörn University. CMS Wistrand's team consists of Magnus Forssman, Amanda Espinasse and Lovisa Attesjö. 

CMS Wistrand is proud to have assisted Vertiseit AB in a successful capital raising through a directed share issue to institutional investors. Through the issue, which has been carried out through a so-called bookbuilding procedure, Vertiseit raised approximately SEK 71.8 million before transaction costs. In addition to the directed share issue, CMS Wistrand has assisted Vertiseit when participants in the company's incentive programme TO 3A have exercised warrants for subscription of B shares in the company. CMS Wistrand has assisted Vertiseit throughout the entire process, including advising on the preparation and review of agreements and ensuring the company's compliance. CMS Wistrand's team consisted of responsible partner Johannes Wårdman, senior associate Louise Berlin, associate Anton Bengtsson and associate Noah Taha

CMS Wistrand har biträtt Evidi AS vid förvärvet av Navipro AB. Evidi AS är en ledande aktör inom Mi­crosoft-tekno­logi som hjälper bolag att ta vara på sina möjligheter genom ett holistiskt synsätt på människor, processer och teknik samt tillhandahåller expertis inom deras egenutvecklade ramverk Business Driven Ar­chi­tec­ture. Na­viPro är en ledande svensk Mi­crosoft-part­ner med över 25 års erfarenhet av att leverera skräddarsydda af­färssys­tem­lös­ningar för mode-, detaljhandels- och e-han­dels­företag. Företaget består av 54 anställda och har kontor i Borås, Göteborg och Stockholm. Läs mer om förvärvet på Evidis hemsida. CMS Wistrands team bestod huvudsakligen av Ólafur Steindórsson, Louise Berlin och Amanda Luthman.

CMS Wistrand har biträtt Spendrups Bryg­geriak­tiebolag vid förvärvet av 51 procent av aktierna i SWAGG Screen & Textile AB.  Spendrups är ett svenskt familjebryggeri som förenar starka traditioner med nytänkande. Bryggeriet grundades 1897 i Grängesberg och drivs av familjen Spendrup i fjärde generationen. Huvudkontoret finns i centrala Stockholm. SWAGG är ett produktionsbolag som är specialiserade på tryck av profilkläder och profilprodukter. SWAGG grundades 1984 av Dave Lax. CMS Wistrands team bestod huvudsakligen av Magnus Forssman, Amanda Espinasse och Amanda Luthman. 

CMS Wistrand has acted as legal advisor to Investment AB Spiltan in connection with the company's change of listing from NGM PepMarket to the regulated market NGM Main Regulated Equity. Trading in the company's shares began on May 20, 2024. Investment AB Spiltan is an investment company that buys and owns minority stakes in listed and unlisted Swedish growth companies. The company follows the investment philosophy of the American investor Warren Buffett and has an ambition to create economic value through long-term ownership of the portfolio companies. CMS Wistrand's team consisted mainly of Louise Berlin, Amanda Luthman and Niklas Larsson. Ólafur Steindórsson is the client responsible partner.

Highest GDPR fine of 1.2 billion euros imposed by the Irish data protection authority in May 2023 for a breach of the rules on international data transfers. Further fines imposed by this authority in 2023 amounted to hundreds of millions of euros. The main violations are “Insufficient legal basis for data processing” and “Failure to comply with the general principles of data processing”. The next most common violation is “Insufficient technical and organizational measures to ensure information security”. Spain tops the list of countries with the most fines for the fifth year in a row, followed by Italy and Romania. Ireland, Luxembourg and France have the highest average fines and total amounts per country. Berlin – Today, international law firm CMS has published the fifth edition of its annual Enforcement Tracker Report. The English-language report shows the developments of all publicly known GDPR fines based on CMS's own online database, GDPR Enforcement Tracker. The current edition of the report covers the analysis period between March 2023 and March 2024. 510 fines were added for the past year as of the editorial deadline on 1 March 2024. This brings the total number of data protection fines since the GDPR came into effect in May 2018 to 2,225, or 2,086 if only fines with full details such as the amount of the fine, date and authority are counted. The total amount of fines since the start of the survey is around 4.5 billion euros. This means that fines of around 1.7 billion euros have been added compared to last year’s Enforcement Tracker Report. This shows that authorities are no longer shying away from imposing high fines. The average fine for the entire reporting period was around 2.1 million euros - with high fines against “big tech” companies in 2021/22 and the first fine in the billions in 2023 having a particularly heavy impact.“At the top of the list of GDPR fine triggers is, once again, insufficient legal basis and non-compliance with the general data processing principles as well as insufficient technical and organisational measures. Companies should pay particular attention to this,” says Christian Runte, lawyer and partner at the international commercial law firm CMS Germany. Dr Alexander Schmid from the Enforcement Tracker team at CMS Germany adds: “In addition to data protection authorities, the courts have also increasingly dealt with the interpretation of the GDPR. For example, the Court of Justice of the European Union has further clarified the scope of data subjects' right of access. “These rulings create more clarity, but at the same time tighten the requirements for companies, which is why, in addition to a viable compliance concept, current developments will also be decisive for them in practice in the future.”Read the full Enforcement Tracker Report here; a summary can be found here. Pressekon­takt presse@cms-hs. com

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