Home Legal Advice Latham & Watkins Advises OMERS on Northvolt’s US$2.75 Billion Funding Round

Latham & Watkins Advises OMERS on Northvolt’s US$2.75 Billion Funding Round


Latham & Watkins suggested OMERS, one in all Canada’s largest outlined profit pension plans, because it co-led a US$2.75 billion personal placement in Northvolt. The funding spherical is Nothvolt’s largest to this point and can finance additional battery cell manufacturing capability and Northvolt’s R&D efforts to be able to meet the growing demand of shoppers engaged within the transition to decarbonized, electrical options.

The personal placement was co-led by new traders OMERS and AP funds 1-4, through the co-owned business, Four to 1 Investments, alongside current traders Goldman Sachs Asset Management and Volkswagen Group. Also taking part within the fairness elevate have been present homeowners AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo by way of Fondaco Growth, Cristina Stenbeck, Daniel Ek, IMAS Foundation, EIT InnoEnergy, Norrsken VC, PCS Holding, Scania, and Stena Metall Finans.

Including the personal placement, Northvolt has now raised greater than US$6.5 billion in fairness and debt to allow an growth plan main as much as and past 150 GWh of deployed annual manufacturing capability in Europe by 2030.

The Latham group was led by London company accomplice Mike Turner with associates Alex McCarney and Daria Les. Advice on employment issues was offered by London accomplice Catherine Drinnan and affiliate Adam Ray; on ESG issues by London accomplice Paul Davies and counsel Michael Green; on competitors issues by Washington D.C., accomplice James Barker and affiliate Stephanie Adams; and on knowledge privateness by affiliate Calum Docherty

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