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In July 2022, Northvolt, a Swedish lithium-ion battery manufacturer, secured a $1.1 billion convertible note to finance the expansion of its battery cell and cathode material production across Europe.
OMERS Capital Markets (part of the Ontario Municipal Employees Retirement System, one of Canada’s largest pension funds) was one of the key investors in the round.
Parties
Company
Northvolt
Company
OMERS Capital Markets
Deal Type
Financing/InvestmentIndustry
OtherTransaction
$ 1,430,000,000Deal Status
ClosedClosing Date
05 July 2022