Ashurst is to merge with Swedish M&A specialists AJB Bergh effective from 1 January 2007, creating the firm’s first office in Scandinavia.
In an internal announcement to the firm yesterday, Ashurst confirmed that a partnership vote conducted last week had approved the tie up with the Stockholm firm.
As exclusively revealed in The Lawyer (27 November), Ashurst has been in negotiations with the 16-lawyer practice since before the summer.
Ashurst has worked with AJB Bergh on several deals in the past, including providing advice to key private equity client Cinven. Other joint mandates have included advising industrial specialist Ashtenne Holdings and its subsidiary Ashtenne Europe on the £27.88m acquisition of 46 properties across Europe in 2003.
AJB Bergh, which is strong in M&A, private equity and real estate law, was launched in 2000 by Jonas Bergh, a former partner at Lagerlöf & Leman, which is now part of Linklaters.
In an additional move, Mats Rooth, a senior finance lawyer with SEB Merchant Banking, will join Ashurst as a partner in the Stockholm office.