Published
04/10/2024
Morris Law has advised an international group of sellers in connection with the sale of the Swedish company Loop Tackle to U.S.-based Cox Enterprises. The acquisition marks an international leap for a brand with a strong focus on sustainability and a long-standing heritage in fly fishing.
Loop Tackle was founded in Sweden in 1979 and is globally recognized for its high-quality products and commitment to conservation. Through innovation, functionality, and passion, the company has become a leading name in sport fishing equipment – with a philosophy that combines technical excellence with environmental awareness.
The buyer, Cox Enterprises, is a family-owned American company headquartered in Atlanta, active in broadband, media, and investments in future-oriented technologies. The company has annual revenues of USD 23 billion and has invested more than USD 2 billion in sustainable initiatives since 2007.
The acquisition provides Loop Tackle with access to new global opportunities and strengthens Cox Enterprises’ position within sustainable consumption and outdoor lifestyle. Morris Law’s team, led primarily by Racine Ashjari and Gustav Thorslund, supported the sellers throughout the entire process – from deal structure to negotiation and final agreements.
Morris Law has acted as legal advisor to Åhléns Group in connection with the company’s successful issuance of senior secured bonds in the amount of SEK 500 million, under a framework of up to SEK 1 billion. The bonds have a tenure of three and a half years and carry interest at STIBOR 3 months plus 5 percent per annum.
Pursuing a dispute always involves financial risk – even when the case is strong. It also places pressure on a company’s liquidity throughout the process. As a result, many companies choose to abandon even well-founded claims. Through our collaboration with Litigium Capital, we offer flexible pricing models that make it possible to pursue legal proceedings without bearing the full cost yourself. You retain control of the process – we share the risk.
Morris Law has entered into a collaboration agreement with legal financing company Litigium Capital for the financing of disputes. The agreement, likely the first of its kind in the Nordic region, means that Litigium Capital will invest in a portfolio of disputes managed by Morris Law on full or partial contingency (under a success-based fee model).