Recent work | July 7, 2022

Roschier represented Volkswagen in Northvolt’s USD 1.1 billion capital raise

Volkswagen has participated in Swedish battery manufacturer Northvolt's latest financing round, alongside several other major investors. Roschier acted as legal advisor to Volkswagen.

Northvolt has announced the signing of a USD 1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries.

Among the investors, alongside Volkswagen, are AMF, AP funds 1-4, ATP, Ava Investors, Baillie Gifford, Compagnia di San Paolo through Fondaco Growth, Folksam Group, Goldman Sachs Asset Management, IMAS Foundation, Olympia Group, OMERS Capital Markets, PCS Holding, Swedbank Robur and TM Capital.

Roschier’s main advisory team comprised Markus Olsson, Axel Bonning, Andrew Laderman and Sara Hill.