Avida Advises on SEK 2.8 Billion Securitisation
Deal News | Aug 18, 2025 | White & Case LLP
The global law firm White & Case LLP has successfully advised Avida Finans AB on its inaugural synthetic securitisation transaction. This transaction is significant as it aligns with the EU regulations on simple, transparent, and standardised securitisations (STS). The structured finance deal involves a reference portfolio consisting of consumer loans valued up to SEK 2.8 billion, issued to borrowers across the Nordic region. The mezzanine tranche is being placed with private investors through credit-linked notes, allowing Avida to manage its credit risks effectively. Led by White & Case partner Dennis Heuer, the legal team provided pivotal guidance that will fortify Avida's balance sheet, allowing the company to continue its support services for consumers in the Nordics. Revel Partners served as the arranger and financial advisor for the transaction. Avida, headquartered in Stockholm, specializes in consumer and SME financing.
Sectors
- Legal Services
- Financial Services
- Securitisation
Geography
- Nordic Countries – Refers to the region where Avida Finans AB granted consumer loans, including Sweden, Denmark, Norway, Finland, and Iceland.
- Sweden – The location of Avida Finans AB's headquarters, in Stockholm.
- Germany – Location of White & Case LLP's involved partner Dennis Heuer and part of the deal team based in Frankfurt.
Industry
- Legal Services – Involves legal advisory services provided by White & Case LLP for the securitisation transaction.
- Financial Services – Pertains to Avida Finans AB's consumer and SME financing services and the securitisation of its loan portfolio.
- Securitisation – Relates to the transaction aspect of converting assets into financial instruments to be sold to investors.
Financials
- SEK 2.8 billion – Value of the reference portfolio in the securitisation transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Legal Advisor | Company | Global law firm advising Avida on the securitisation transaction. |
| Avida Finans AB | Target Company | Company | Credit market company specialising in consumer and SME financing, headquartered in Stockholm. |
| Revel Partners | Arranger and Financial Advisor | Company | Provided financial advisory services for Avida's securitisation transaction. |
| Dennis Heuer | Lead Partner | Person | Partner at White & Case LLP who led the transaction. |
| Tom Falkus | Partner | Person | Partner at White & Case LLP involved in the transaction from the London office. |
| Michael Bark-Jones | Partner | Person | Partner at White & Case LLP involved in the transaction from the Stockholm office. |
| Claire-Marie Mallad | Local Partner | Person | Local partner at White & Case LLP involved in the transaction from the Frankfurt office. |
| Alexander Berlin-Jarhamn | Associate | Person | Associate at White & Case LLP involved in the transaction from the Stockholm office. |