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Announced

OMERS Capital Markets and Goldman Sachs led a $2.75bn round in Northvolt.

Financials

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Transaction Value£1,943m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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battery cells

battery production

Sweden

Electrical Components

Acquisition

Private Equity

Minority

Private

Cross Border

Completed

Single Bidder

Friendly

Synopsis

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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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