SIMPLIFYING MATTERS

x
Info career

info centre

MAGNUSSON HAS ADVISED ON THE STRUCTURE OF THE PIONEERING WHISKEY FUND "THE SINGLE MALT FUND" BEING DEVELOPED

2018-01-19

Magnusson, through responsible partner Eric Cederström, has assisted Cellar Capital Invest and the Swedish entrepreneur and whiskey connoisseur Christian Svantesson on the structure and conditions of listed instruments for the world's first listed whiskey fund The Single Malt Fund.

The fund has applied for registration on the Nordic Growth Market in Stockholm. Furthermore, the prospectus offers investors the possibility to enter with capital approved by Finansinspektionen. The goal is to bring in 25 million euros and the return should be from the purchase and sale of exclusive whiskey. In fact, expensive collector whiskey has historically proven to be a safe investment with a high value increase.

“It has been incredibly exciting and fun to be able to assist in such a project,” says Eric Cederström. “My role has of course meant legal issues, but of course we also thought it was interesting to be part of something new. Magnusson is also an agency with entrepreneurial spirit so it has been a great assignment for us. I look forward to following the fund's development.”

Other News

  • MAGNUSSON TO PARTICIPATE IN ENTERPRISE2019 TECHNOLOGY ENTREPRENEURSHIP EVENT

    Magnusson will be represented in the Enterprise2019 Technology Entrepreneurship event held in Oulu on Wednesday, 6 November 2019.

    read more
  • MAGNUSSON WARSAW ADVISES VASTINT POLAND ON THE SALE OF FOUR OFFICE BUILDINGS IN POZNAŃ

    Magnusson Warsaw represented Vastint Poland in the process of selling the first stage of Business Garden Poznań. The Singaporean fund Cromwell European REIT became the new owner of the property.

    read more
  • MAGNUSSON ADVISED VON ELK COMPANY LTD

    Magnusson advised Von Elk Company, known for Glöet, the most popular sparkling glögg in the Nordic countries, on its cooperation with Altia, a leading Nordic alcoholic beverage brand company operating in the wines and spirits markets in the Nordic and Baltic countries.

    read more
  • Amendments made to the AML Law

    Amendments have been made to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, also known as the AML Law. The amendments are a part of Latvia’s attempts to comply with the legal acts of the European Union and to overcome the country’s weaknesses as stated in the Moneyval 2018 report. Taking into account the recent activities in terrorism and proliferation financing, an effective anti-money laundering system is essential in order to improve the finance sector and the country’s reputation on a global platform.

    read more
more NEWS