
Baker McKenzie‘s ’extremely pragmatic’ Stockholm office provides a comprehensive equity capital market offering, advising investment banks, issuers, and shareholders on high-value IPOs, sell-downs, and share issuances. The team works closely with the firm’s other offices, leveraging its global capabilities, and stands out for its significant healthcare and tech sector expertise. New practice head Henric Roth is a key contact for cross-border transactions, particularly involving the United States. Stefan Balazs is also recommended for his regulatory expertise. Former practice head Joakim Falkner left the team in November 2025.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘All around knowledge and expertise in both capital markets and Swedish listed markets. Exceptional availability and reactivity. Concise and "business partner" type recommendations.'
- ‘The team is extremely pragmatic and solution-focused.’
- ‘Stefan Balazs is one of the most, if not the most, pragmatic and knowledgeable in the industry.’
- ‘Strong team and easy to work with.’
- ‘Henric Roth has strong problem-solving abilities, deep knowledge and is easy to work with.’
- ‘Adam Farlow is a standout lawyer, delivering considered yet pragmatic advice in a professional and accessible way. He is a pleasure to work with. Henric Roth is a solid lawyer and one of the top names that come to mind in the Swedish market.’
Key clients
- Embracer
- DNB Carnegie
- Citigroup
- ABG Sundal Collier
- Asmodee
- Hacksaw
- SEB
- Pareto Securities
- J. P. Morgan
- Enad Global 7
- Verve Group
- Peak XV
Work highlights
Acted for Swedish large cap issuer Embracer Group AB in its equity transaction via a dividendof shares in Asmodee and the subsequent listing of Asmodee on Nasdaq Stockholmcorresponding to USD 2.3 billion.
Acted for DNB Carnegie, Citigroup, Nordea, BNP Paribas, Danske Bank in the SEK 10.2 billion IPO of Asker Healthcare.
Acted for Hacksaw in the SEK 22 billion IPO on Nasdaq Stockholm.
Lawyers
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head
Henric Roth
Other key lawyers
Stefan Balazs; Adam Farlow
