People
Ranking and references
Legal 500
- Leading Partner – Shipping
- Recommended – Banking & Finance
- Recommended – Capital Markets
“Carl Axel Morvay is a top individual to work with – clearly very gifted as he straight away grasps the core issues and commercial nuances of some of the largest and most challenging transactions in the market.”
“Carl Axel Morvay is always on it and gets the deal done. He is a top-quality operator.”
“Carl Axel Morvay has both great energy and commercial nous so we find that he always gets the job done in a sensible and timely manner.”
“Carl Axel Morvay is very commercial, in tune with the market, practical and ultra responsive. He is an asset to the firm.”
“Carl Axel Morvay’s team is great to work with – very engaged and personable, and they always deliver.”
“Carl-Axel Morvay is good to work with. Quick on his feet, which we appreciate.”
– Legal 500
Carl Axel Morvay
Carl Axel is a partner in Cirio’s Banking & Finance and DCM group and has close to 20 years of experience advising on Swedish and cross-border transactions. His practice spans financing, debt capital markets and M&A, with a particular focus on infrastructure and complex cross-border transactions.
Within financing, Carl Axel has particular experience in project and infrastructure finance, real estate finance and leverage finance. A significant part of his practice is focused on the infrastructure and energy sectors, where he advises banks, investors, sponsors and corporates in connection with greenfield projects, investments, acquisitions and financings.
Within debt capital markets, Carl Axel regularly advises issuers and arrangers on Swedish and international high-yield and investment-grade transactions. He focuses on transactions where bonds are combined with other senior or subordinated financing solutions and debt instruments, often within shared security and intercreditor structures.
Within M&A, Carl Axel regularly advises on acquisitions, divestments, investments, buy-and-build transactions and public takeovers for both corporates and private equity sponsors. His combined experience in M&A and financing is particularly valuable in complex transactions where acquisition structure, financing and capital structure need to be considered as a whole.
Carl Axel also heads Cirio’s Shipping practice. He advises Swedish and international banks, shipowners and investors on, among other matters, M&A, ship finance, newbuild projects and other cross-border transactions within the sector.
Through his MBA from the Stockholm School of Economics, Carl Axel combines his legal expertise and experience from complex transactions with a broader strategic business perspective. This enables him to consider transactions in a wider context and provide advice that takes legal, financial and commercial considerations into account.
Clients and international ranking institutions particularly highlight Carl Axel’s commercial judgement, his ability to quickly identify the core issues and his pragmatic approach. He is described as engaged and highly responsive, with a clear focus on driving the process forward and getting the transaction done.
Examples of assignments
- Advised Aneo on the financing of its recommended public takeover offer for Arise.
- Advised Blackstone on the financing of the spin-off of certain of AmTrust’s agency and fee businesses.
- Advised Norrstigen on its acquisition of Bruno Mathsson International, including the financing of the acquisition.
- Advised Biokraft in connection with a public takeover offer, related financing matters and the company’s senior secured green bonds.
- Advised Columbia Threadneedle Investments on the financing and divestment of the Oakmont/Paddington wind farm portfolio and the Storrun wind farm.
- Advised NYK Line on its investment in Northern Offshore Group.
- Advised Aareal Bank on the financing of a pan-European hotel portfolio.
- Advised BEWI on the acquisitions of Synbra and Jackon, the financing of the acquisitions through a combination of bonds and a senior secured RCF, and the listing of the enlarged group.
- Advised Hawk Infinity on its acquisitions of Nordic BIM, Betao, Symplify and Axessibility Lab.
CV
| 2019 | Cirio Advokatbyrå |
| 2009 - 2018 | Lindahl law firm, Senior Associate |
| 2016 | Aareal Bank, secondment |
| 2007 - 2009 | Linklaters Advokatbyrå |
Education
| 2025 | Executive MBA, Stockholm School of Economics - President's List for Academic Achievements |
| 2025 | Data Driven Analytics: Understanding and Applying in a Business Context, Stanford Engineering Center for Global & Online Education |
| 2007 | Stockholm University, LL.M. |
| 2006 | Queen Mary, University of London |
Membership
| 2011 | Member of the Swedish Bar Association |
Languages
| Swedish |
| English |
Ranking and references
Legal 500
- Leading Partner – Shipping
- Recommended – Banking & Finance
- Recommended – Capital Markets
“Carl Axel Morvay is a top individual to work with – clearly very gifted as he straight away grasps the core issues and commercial nuances of some of the largest and most challenging transactions in the market.”
“Carl Axel Morvay is always on it and gets the deal done. He is a top-quality operator.”
“Carl Axel Morvay has both great energy and commercial nous so we find that he always gets the job done in a sensible and timely manner.”
“Carl Axel Morvay is very commercial, in tune with the market, practical and ultra responsive. He is an asset to the firm.”
“Carl Axel Morvay’s team is great to work with – very engaged and personable, and they always deliver.”
“Carl-Axel Morvay is good to work with. Quick on his feet, which we appreciate.”
– Legal 500
Examples of assignments
- Advised Aneo on the financing of its recommended public takeover offer for Arise.
- Advised Blackstone on the financing of the spin-off of certain of AmTrust’s agency and fee businesses.
- Advised Norrstigen on its acquisition of Bruno Mathsson International, including the financing of the acquisition.
- Advised Biokraft in connection with a public takeover offer, related financing matters and the company’s senior secured green bonds.
- Advised Columbia Threadneedle Investments on the financing and divestment of the Oakmont/Paddington wind farm portfolio and the Storrun wind farm.
- Advised NYK Line on its investment in Northern Offshore Group.
- Advised Aareal Bank on the financing of a pan-European hotel portfolio.
- Advised BEWI on the acquisitions of Synbra and Jackon, the financing of the acquisitions through a combination of bonds and a senior secured RCF, and the listing of the enlarged group.
- Advised Hawk Infinity on its acquisitions of Nordic BIM, Betao, Symplify and Axessibility Lab.
CV
| 2019 | Cirio Advokatbyrå |
| 2009 - 2018 | Lindahl law firm, Senior Associate |
| 2016 | Aareal Bank, secondment |
| 2007 - 2009 | Linklaters Advokatbyrå |
Education
| 2025 | Executive MBA, Stockholm School of Economics - President's List for Academic Achievements |
| 2025 | Data Driven Analytics: Understanding and Applying in a Business Context, Stanford Engineering Center for Global & Online Education |
| 2007 | Stockholm University, LL.M. |
| 2006 | Queen Mary, University of London |
Membership
| 2011 | Member of the Swedish Bar Association |
Languages
| Swedish |
| English |