Wikborg Rein assists Altor with investment in Vianode AS – Partnership with Elkem and Hydro
Wikborg Rein has assisted Altor Fund V (No 1) AB and Altor Fund V (No 2) AB with the contemplated investment in Vianode AS alongside Elkem and Hydro in a strategic partnership. After the investment, each of Altor and Hydro will have an ownership stake of 30 % and Elkem will own the remaining 40 %.
Vianode has developed a range of synthetic graphite products for batteries with unique performance characteristics and produced with significantly lower CO2 emissions than today’s standard materials. The company is currently in a business development phase, and the investments from Altor, Hydro and Elkem is the first step towards establishing the company's first full scale plant for commercial purposes.
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The transaction is subject to regulatory approvals, including competition authorities.
Wikborg Rein's core M&A team comprised of Sigurd Opedal and Cecilie Andersen Haadem.