Shoan Panahi

Partner, Stockholm

Biography

One client says he is “hands-on, pragmatic, knowledgeable and available 24/7.” Another client says, “Shoan Panahi has high expertise and is very knowledgeable.”
(Chambers Global 2023)

Up & Coming lawyer: Private Equity, Sweden (Chambers Europe 2020-2023)

Rising Star: Europe’s Best Up-And-Coming Private Equity Lawyers (Legal Week 2020)

Overview

Shoan Panahi is part of the Nordic Private Equity team and the Global M&A practice. Shoan specializes in Private Equity investments and M&A transactions, corporate matters and in restructuring and insolvency. Shoan has significant experience in assisting clients with M&A transactions, corporate issues, corporate finance and joint ventures. He has advised clients on deals in various industries, including the healthcare, cloud computing, manufacturing, retail, food and beverage, and technology sectors.

Prior to joining White & Case, Shoan was a partner at another Swedish law firm.

Bars and Courts
Sweden, Advokat
Education
Jur. kand., LLM
University of Gothenburg
School of Business, Economics and Law, Gothenburg
Law studies
Boston College Law School
Boston
Languages
Swedish
English

Experience

Representative transactions include:

  • Representation of a fund advised by Norvestor Advisory (Norvestor), a private equity firm focused on investments in growth companies in the Nordic mid-market, on:
    • the acquisition of a majority stake in Colmec, a leading provider of sustainable tire solutions and a partner to commercial vehicle fleet operators in the Nordics and Poland. Following the acquisition, Norvestor will become the largest shareholder in Colmec
    • its co-investment with Nordic Capital, a leading private equity investor, in Foxway, European leader in providing circular IT services to large organizations, the public sector and consumer electronics retailers
  • Representation of Oatly, a leading Sweden-based producer of plant-based, dairy-free food products, on:
    • a US$430 million financing arrangement, consisting of a private placement of US$300 million 9.25 percent convertible senior PIK notes due 2028, a new US$130 million term loan B credit facility and a SEK2.1 billion amended sustainability-linked revolving credit facility
    • its IPO on Nasdaq New York
    • the equity investment by Blackstone, Oprah Winfrey, Natalie Portman, former Starbucks CEO Howard Shultz and Jay-Z-founded Roc Nation
    • its SEK 1.925 billion sustainability-linked financing
  • Representation of Adelis, a private equity firm focused on middle market investments in the Nordic region, on:
    • its acquisition of majority shares in SeaCross, a Sweden-based navigation software and defence technology provider.
    • its acquisition of a majority stake in IonOpticks, a global producer of high-performance chromatography columns.
    • the acquisition of Born Försäkring AB, an insurance broker based in Sweden, through its portfolio company Säkra
    • the acquisition of Adekvat Försäkring i Växsjö, an insurance broker based in Sweden, through its portfolio company Säkra
    • the acquisition of Cequr Försäkringsförmedling AB, an insurance broker based in Sweden through its portfolio company Säkra
    • its investment in Hedvig as the new controlling shareholder together with Skandinaviska Enskilda Banken AB (SEB) and Nicklas Storåkers as co-investors
    • the acquisition of a majority stake in Aderian Group (Aderian), a Nordic IT services company comprised of a group of leading IT specialists who deliver tailored IT solutions to SME customers
    • its sale of a majority stake in Säkra, one of Sweden's largest and fastest-growing insurance brokers, to international private equity firm Cinven
    • its sale of Nordentic, the largest dental laboratories group in the Nordics
    • the acquisition of Diakrit and its acquisition of Virtuance
    • the acquisition of several European companies through its portfolio company Nordic Biosite
    • the establishment of Circura through the acquisition of several Nordic companies
    • the acquisition of Nordic Biosite and its acquisition of Szabo Scandic
    • the acquisition of BAHS Kapital through its portfolio company Ropo Capital
    • the acquisition of Posti Messaging through its portfolio company Ropo Capital
    • the acquisition of Kanari
    • the divestment of Nordomatic to Trill Impact
    • the acquisition of Axentia, a leading company in developing and supplying cutting edge display systems for public transport
    • the sale of AddPro, a leading application and cloud integrator in Sweden, to Axcel
    • the acquisition of Säkra, a company offering insurance brokerage and financial advisory
    • the acquisition of Colligent Inkasso, a digital debt collection company, through its portfolio company, Ropo Capital, an invoice lifecycle services provider
    • the acquisition of several Nordic companies, through its portfolio company Søgemedier, a leading digital marketing agency to SMEs in the Nordics
    • the acquisition of Didriksons, a clothing retailer, from Herkules Capital, a Norwegian private equity firm
    • the acquisition of AddPro, a leading application and cloud integrator in Sweden
    • the acquisition of the Nordentic Group, the largest provider of dental lab services in Scandinavia, and expansion through investments in several Nordic companies
    • the acquisition of Nordomatic, a provider of energy-efficient and cloud-based building automation systems
    • the acquisition of ITF Svensk IT Funktion, through its portfolio company AddPro, a leading application and cloud integrator in Sweden
  • Representation of Valedo, a Swedish investment company, on:
    • the acquisition of Astrofarm through its portfolio company BRP Systems
    • the IPO of its portfolio company Norva24 on Nasdaq Stockholm
    • the acquisition of several Nordic companies through its portfolio company Prosero Security
    • the acquisition of several European companies through its portfolio company Norva24
    • the acquisition of LGT, the largest family-owned private banking and asset management group, through its portfolio company Norva24, an underground infrastructure maintenance company
    • the acquisition of Miljövision, an underground infrastructure maintenance company, through its portfolio company, Norva24
    • the acquisition of June Express, a moving and storage company, through its portfolio company Best Transport, a train and truck transportation company for small and medium-sized companies
    • the acquisition of ExRohr, a German provider of pipe cleaning services, through its portfolio company, Norva24
    • the acquisition of Pastell Data, a software company, through its portfolio company, BRP Systems, a provider of enterprise software and digital services
    • the divestment of Oscar Jacobson, a clothing retailer, to Mellby Gård, a Swedish private equity firm
    • the add-on acquisition of Swedsecur, a provider of security solutions, through its portfolio company, Prosero Security, a leading Nordic security company
    • the acquisition of Låssmeden Sven Alexandersson, a provider of security solutions, through its portfolio company, Prosero Security, a leading Nordic security company
    • the acquisition of Lövestad Larmcentral, a provider of security solutions, through its portfolio company Prosero Security, a leading Nordic security company
    • the acquisition of the restaurant chain Pincho Nation AB (Pinchos)
    • its establishment of Prosero Security, a leading Nordic security company, through investments in several Nordic companies
    • the acquisition of BRP Systems, a provider of enterprise software and digital services
    • the strategic investment by General Atlantic, a leading growth equity firm, alongside other shareholders of Joe & the Juice, a global chain of juice bars and coffee shops
    • the establishment of Origo Group, a research company dealing with data collection, analysis, visualisation, survey and system development through investments in several Swedish companies
    • the divestment of Perten Instruments, a supplier of advanced analytical instruments to the food and agricultural industries, to PerkinElmer
  • Representation of IK Partners, a Pan-European private equity firm, on:
    • the divestment of BST to Norvestor
    • the acquisition of several Nordic companies through its portfolio company BST
    • the acquisition of Power Heat Sprinkler, through its portfolio company, BST, both operates within sprinklers and fire protection
    • the acquisition of Mabtech, a Swedish biotech company
    • Representation of Alder, a Nordic investment fund, on:
    • the sale of SATEL Oy, a technological leader in the private radio modem and wireless data communications markets
    • the sale of its portfolio company Autocirc and its subsidiaries to Nordic Capital
    • the acquisition of Systeminstallation
    • the establishment of Autocirc through the acquisition of several Nordic companies
    • the acquisition of Samon
    • the divestment of Gasmet, a leading FTIR (Fourier Transform Infrared Spectoscopy) gas analyser and emissions monitoring system provider
    • the acquisition of DMS, a distributor of specialised medical equipment, through its portfolio company Gasmet.
    • the divestment of Jernforsen, one of Europe's leading companies within the field of bio heating technology
    • the divestment of Dinair, one of Scandinavia's largest manufacturers and suppliers of air filters
  • Representation of Nordomatic, a leading independent provider of energy-efficient and cloud-based buiding automation systems on the acquisition of Kabona, a provider or building automation solutions, from Bemsiq/Latour Industries.
  • Representation of Brammer Group, a leading supplier of quality industrial maintenance, in the divestment of Brammer Sweden and Brammer Trollhättan to Momentum Industrial, a distributor of industrial equipment and products.
  • Representation of Verlinvest, a consumer-focused investment company and China Resources, a state-owned investment company in their joint investment in Oatly, Sweden's leading dairy free lifestyle brand.
  • Representation of Bridgepoint, an international private equity group, on:
    • the divestment of Solhagagruppen, a Swedish care provider
    • the acquisition of Nordic Cinema Group, the largest cinema operator in the Nordic region, from Ratos and Bonnier
  • Representation of EQT, a leading global investment firm, in the acquisition of Piab, a Sweden-based vacuum pump developer, from Altor.oa
  • Representation of Accent, a Nordic investment firm, on its disposal of Autotube, a leading sub-supplier to the automotive industry, to MGI Coutier, an automotive equipment manufacturer.
Awards and Recognition

Legal Week 2020-2022 – Rising Star: Europe's Best Up-And-Coming Private Equity Lawyers

Chambers Europe 2020-2023 – Private Equity, Sweden – Up and Coming

Legal 500 EMEA 2023 – Commercial Corporate and M&A, Sweden – Individual Mention