Gernandt & Danielsson has acted as legal advisor in connection with the conclusion of a share purchase agreement between TF Bank AB (publ) in its capacity as seller and Alektum Holding AB (publ) as well as Erik Selin Fastigheter AB as buyers, regarding the transfer of a majority stake in Rediem Capital AB. Closing, which is expected to take place on 31 December 2024, is subject to customary approvals from, inter alia, the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).

Rediem is a credit market company (Sw. kreditmarknadsbolag) focused on the acquisition of non-performing exposures (so called NPL) and the ambition is that Rediem on 1 January 2025 will be able to obtain the status of a so called specialised debt restructurer (Sw. specialiserad skuldomstrukturerare). TF Bank has previously transferred NPL portfolios to Rediem and Alektum Holding intends to transfer its NPL portfolios to Rediem after closing and during the first half of 2025. After these transfers, Rediem's total NPL portfolio is estimated to amount to approximately SEK 7,500 million.

Gernandt & Danielsson has advised with a team led by partner Mikael Borg (Corporate), mainly assisted by senior associate Mikael Nagy (Corporate) and associate Vanessa Sidlo (Corporate) and partners Niclas Rockborn (Regulatory) and Mikael Bolling (Finance), mainly assisted by associates Sebastian Kjellkvist (Regulatory), Einar Brunsberg (Finance) and August Hansson (Regulatory).