RNB Retail and Brands AB’s Acquisition of Coala-Life AB

TM & Partners has advised RNB Retail and Brands on the deal. Setterwalls has assisted Coala-Life AB.

RNB Retail and Brands AB announced the acquisition of Coala-Life AB through an issue in kind, and the conversion of RNB’s notes to unconditional capital contributions and shares in the company.

Coala Life is a Swedish medtech company that focuses on heart diagnostics and digital health. The company has developed a portfolio of solutions based on the Coala, a patented and commercial service for remote monitoring and self-screening of heart sounds and ECG.

As a result of the transactions, RNB changed its business name to Coala-Life Group AB (publ) and its business activities to development, marketing and sale of medtech. 

Due to the acquisition of Coala-Life, the Company also launches a new website to reflect the new operation in Coala-Life Group AB. The Company’s products are accessible via the new website, as well as the investor relations section and the latest company news.

The TM & Partners’ team comprised Niclas Högström (Picture – Partner, M&A), Johan Wigh (Partner, Capital Markets), Tobhias Brandell (Partner, Banking & Finance), Fredrik Gustafsson (Partner, Technology), Sara Jacobson (Associate, M&A), Mikael Ahlberg (Associate, M&A), Robin Bergqvist (Associate, Banking and Finance), Philip Bihl (Associate, Capital Markets), Johan Mörlin (Associate, M&A), Karolina Kjellberg (Senior Associate, Technology), Cecilia Bergman (Senior Associate, Employment) and Catharina Danielsson (Associate, Real Estate).

The Setterwalls team included Joacim Johannesson, Olof Reinholdsson, Josefin Rosenhall, Martin Aronsson.

 

Involved fees earner: Joacim Johannesson – Setterwalls; Olof Reinholdsson – Setterwalls; Josefin Rosenhall – Setterwalls; Mikael Ahlberg – Törngren Magnell; Cecilia Bergman – Törngren Magnell; Robin Bergqvist – Törngren Magnell; Philip Bihl – Törngren Magnell; Tobhias Brandell – Törngren Magnell; Catharina Danielsson – Törngren Magnell; Fredrik Gustafsson – Törngren Magnell; Niclas Högström – Törngren Magnell; Sara Jacobson – Törngren Magnell; Karolina Kjellberg – Törngren Magnell; Johan Mörlin – Törngren Magnell; Johan Wigh – Törngren Magnell;

Law Firms: Setterwalls; Törngren Magnell;

Clients: Coala-Life AB; RNB Retail and Brands AB;

Federica Tiefenthaler

Author: Federica Tiefenthaler