Vinge has advised 4 to 1 Investments in connection with Northvolt’s USD 1.1 billion convertible note, to finance its expansion of battery cell and cathode material production in Europe.
Investors participating in the capital raise included, in addition to 4 to 1 Investments, inter alia AMF, Ava Investors, Baillie Gifford, Folksam Group, Goldman Sachs Asset Management, Swedbank Robur, TM Capital and Volkswagen Group. With this capital raise, Northvolt has since 2017 secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries to enable the decarbonization of society.
Vinge’s team consisted of Ulrich Ziche and Joel Wahlberg. Linn Adelwald assisted in financing related matters.
