Announced
Financials
Sources
Tags
battery cells
battery production
Sweden
Electrical Components
Acquisition
Private Equity
Minority
Private
Cross Border
Completed
Single Bidder
Friendly
Synopsis
OMERS Capital Markets, a private equity firm, and Goldman Sachs, an investment bank, led a $2.75bn round in Northvolt, Lithium-ion battery maker with participation from four Swedish pension funds and Volkswagen. “We now have sufficient firepower for some time but over time with our growth ambition or financing need, to be in the public market is going to be required,” Peter Carlsson Northvolt CEO.
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