Baker McKenzie acted as legal advisor to Swedbank Robur when its fund Swedbank Robur Alternative Equity I invested USD 15 million in Northvolt through a convertible debt instrument and SEK 100 million in Instabox via a convertible.

Northvolt is the first European battery company to make commercial deliveries to a car manufacturer. The company's vision is to accelerate the transition to a decarbonized future by supplying sustainable, high-quality battery cells and systems by building Europe's largest lithium-ion battery factory.

Instabox is an established and fast-growing Sweden-based technology company with the aim to revolutionize e-commerce parcel delivery through more sustainable, efficient and faster deliveries thanks to a strong concept and advanced underlying technology.

Swedbank Robur, a wholly owned subsidiary to Swedbank founded in 1967, offers more than 80 mutual funds, institutional and discretionary asset management and management of pension funds. Swedbank Robur Alternative Equity I is a Swedish-based alternative investment fund for professional investors established in 2022. The fund invests long-term in unlisted Swedish and other Nordic companies.

Baker McKenzie's team consisted of partner Anders Fast, associate Elsa Sefastsson as well as paralegals Josefine Hagström, Louise Elelid and Maria Björklund.

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