Setterwalls has advised Stonepeak as Swedish counsel on its acquisition of a 49% interest in Cellnex Nordics for €730 million

Setterwalls has advised Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, as to Swedish law on its transaction with Cellnex Telecom to acquire a 49% interest in Cellnex Sweden and Cellnex Denmark (Cellnex Nordics) for €730 million. Cellnex Nordics provides mobile network operators with colocation services for their wireless networking equipment through a network of over 4,500 sites in Sweden and Denmark.

The Setterwalls team was led by Jon Ericson assisted by Sebastian Sederholm and Hugo Lemaire Månsson. The team also included Erik Gadman and Angelica Ström. Herbert Smith Freehills acted as global counsel and Plesner advised on Danish aspects.