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Swedish firm Vinge is set to announce that Fredrik von Baumgarten will be appointed as the firm’s new managing partner, succeeding Michael Wigge.
Wigge, who has served a successful four years in charge, will step down formally at the beginning of March. Wigge’s three-year term expired last year but he was asked to stay on while the firm decided on a successor.
It has not been an easy period for Wigge to oversee with Swedish industry suffering from its high exposure to the technology and telecoms markets. But as one of the leading firms in Sweden, Vinge has been resilient, managing to scoop a role on many of the region’s major transactions.
In the recent past the firm advised GE Capital on its $2.3 billion acquisition of ABB Structured Finance, and the Finnish stock exchange HEX on its SEK6 billion ($780 million) merger with the Swedish stock exchange.
After a five-month sabbatical Wigge will return to his practice in the mergers and acquisitions (M&A) group. Von Baumgarten is also an M&A lawyer with particular expertise in private equity transactions and the technology, media and telecoms industry.