Lindahl acts as legal advisor when Swedencare AB (publ) acquires the U.S. corporation Fulfillment Advantage Ventures, Inc. (FAV). The purchase price consists of a cash amount and an issue in kind of 111,553 shares in Swedencare to the selling member of management with payment as contribution in kind through transfer of units in the target corporation. Closing of the transaction occurred on October 1, 2021.
FAV, with its head quarter in Tampa, Florida, is a business-to-consumer (B2C) logistics corporation focused on home delivery and fulfillment services for the pet industry. The corporation has a high level of direct-to-consumer e-commerce expertise for its own customers and brands, and has built up a strong drop-shipment program with the leading online players including Amazon, Chewy and Target.
Swedencare develops, produces, markets and sells premium products in the global and fast-growing market for animal health products for cats, dogs and horses. Swedencare’s product groups are represented on approximately fifty markets around the world and are sold through subsidiaries in the Nordics, United States, France, Spain, Greece, Great Britain and Ireland, and through an external distribution network. Swedencare’s shares are listed on Nasdaq First North Growth Market. Through the acquisition of FAV, Swedencare gains a strong position in the delivery, logistics and e-commerce expertise for the animal health market in the U.S.
Lindahl’s team consisted of Johan Herrström, Annika Brandt, Christian Sundén, Erika Stark and Axel Siesjö. Lindahl worked on the acquisition together with Wiggin and Dana in New York, a member of the same global network as Lindahl, TerraLex.
