Avenir has represented Ståthöga Holding in a company acquisition

Ståthöga Holding AB, parent company of Ståthöga Verkstad AB, has acquired Skärblacka Plåt AB. The company has about 15 employees and a turnover of approximately SEK 13 million.

Avenir has represented Ståthöga in the negotiations with the sellers of the company as well as drafting contracts and closing.

Win in court dispute against Söderköping municipality

Avenir has represented Gabriella Andersson and Craig Hill in a dispute with Söderköping municipality regarding a claim from the municipality of more than half a million kronor for old electricity bills. Following a trial at Norrköping District Court, the court rejected the municipality’s action and ordered the municipality to pay our clients legal costs of approximately SEK 400,000.

It all started in 2009 with the couple Gabriella and Craig buying Engelholm’s school in Sankt Anna from Söderköping municipality. The municipality had an electricity contract for the property which was never terminated after the transfer. Gabriella and Craig talked to the municipality about this and according to them, the parties agreed that the municipality would continue to pay for the electricity until an electricity meter was installed. The reason for this was that the electricity for a water pump not belonging to the property and lighting for a public road also charged the property, and they wanted to be able to separate these costs. However, the municipality did not install the electricity meter, despite assertions from Gabriella and Craig.

Ten years after the sale, the municipality installed the electricity meter and suddenly wanted compensation for all the electricity bills that had been paid over the years with just over half a million kronor. We contested the claim on behalf of Gabriella and Craig on a number of different grounds, including the aforementioned oral agreement that the municipality would be responsible for the electricity bills until the electricity meter was installed, which we proved in the trial. The district court dismissed the municipality’s action already on this ground, meaning that the municipality must pay all costs in the dispute.

AVENIR HAS ASSISTED FASTIGHETS AB RITSAREN IN AN ACQUISITION

Through an company acquisition, Fastighets AB Ritsaren has once again expanded its property portfolio with an industrial property on the outskirts of Norrköping. Avenir has represented Ritsaren in the acquisition, with i.a. negotiations with the seller, drafting contracts and closing.

Win in arbitration against Övratorp Förvaltning AB

Avenir has represented Hisscentralen Närke AB in arbitration proceedings at the Arbitration Institute of Stockholm Chamber of Commerce against Övratorp Förvaltning AB, regarding retrieval of additional purchase consideration at an company acquisition, due to breach of contract of the seller. Hisscentralen was fully successful in the dispute and the other party was also obliged to pay Hisscentralen’s all legal costs.

Avenir has represented NEAB Gruppen in the acquisition of GTEL Sverige

NEAB Gruppen AB has acquired GTEL Sverige AB from ED Gruppen AB. The company has about 30 employees and annual sales of around SEK 60 million. Through the acquisition, NEAB Gruppen strengthens its position in central Sweden. Avenir has represented NEAB Gruppen in the negotiations with ED Gruppen as well as drafting contracts and closing.

Wins in disputes against Finnish HPP Europe Oy

Avenir has represented Titab Pac AB in two disputes against the Finnish company HPP Europe Oy, which has sued Titab Pac twice at Norrköping District Court. In the first dispute, Titab Pac made a counter claim regarding payment for an order for bottle filling and certain material, whereby HPP was obliged to pay about SEK 900,000 to Titab for the order, according to a judgment from the court in the middle of 2016. Due to that HPP didn´t payed in accordance with the verdict, we applied for foreclosure on Titab’s behalf at the Finnish Utsökningsverket, which resulted in that HPP at last had to pay the entire sum including interest. Although HPP in the first dispute denied that any order was made, the company sued Titab Pac again in the spring of 2018 regarding issuance of the “ordered” delivery and payment of approximately SEK 3 million for damages etc. due to alleged errors in delivered goods and non-delivery of some bottles. Titab disputed the claim and after lengthy negotiations in the district court, HPP completely reversed, and an agreement was concluded resulting in HPP having to withdraw its case and pay all of Titab Pac’s costs.

Avenir has assisted Torewa Fastighets in several transfers

Torewa Fastighets AB has sold four commercial properties in Norrköping to Mapon Fastigheter AB, carried out through four company transfers. The four properties contain a total rentable area of approximately 6 000 square meters.

Avenir has assisted the seller Torewa in the transaction, including drafting contracts, negotiations and closing.

 

AVENIR HAS REPRESENTED MAGNENTUS IN THE ACQUISITION OF A MULTISTORY CAR PARK

Through the acquisition of Vårdtornet Parkering AB, Magnentus has again expanded its real estate portfolio with a newly built multistory car park in the center of Norrköping. Seller has been the municipal company Norrköping Parkering AB.

Avenir has represented the buyer Magnentus in the acquisition, including drafting contracts and closing.