Avantium has raised US$33.6m via an accelerated bookbuild offering

Avantium N.V. has raised US$33.6 million through an accelerated bookbuild offering of 5,206,589 new ordinary shares, representing approximately 19.99% of the company’s issued share capital. The shares have been placed at a price of US$6.42 (€5.35) per new ordinary share.

Avantium, founded in 2000 and headquartered in Amsterdam, is a leading technology development company and a forerunner in renewable chemistry. Together with its partners around the world, the company focuses on developing and commercializing breakthrough technologies for the production of chemicals from renewable sources and circular plastic materials used for a variety of consumer products. In addition, the company also provides advanced catalysis R&D services and systems to clients active in the refinery and chemical industries.

In January 2020, Avantium signed a letter of intent regarding its new FDCA flagship plant in Delfzijl, the Netherlands, for which it has currently signed five conditional offtake agreements for over 50% of its production capacity. The world’s first commercial FDCA plant will produce plant-based FDCA, a key building block for many chemicals and plastics such as PEF. The US$33.6 million capital increase marks an important step for Avantium towards a positive final investment decision for the construction of the plant.

Oaklins’ team in the Netherlands acted as financial advisor to Avantium and raised over 17% of pre-commitments.

Uppdrag

Kapitalanskaffning, finansiering och ECM

Parter

“Having known the Oaklins teams for years, there is a strong sense of respect and understanding of our business that form the basis of an excellent relationship. They have a strong network amongst entrepreneurial investors that helped us to succeed with our IPO and most recent financing round. In addition, they have been our trusted advisor in the process to develop the optimal fundraising strategy for Avantium and helped us execute the transaction alongside the investment banks. Most importantly, it is key in the dynamics of a capital market transaction to know that you have a team next to you that shares the same level of dedication and eagerness for success.”

Tom van Aken

CEO, Avantium N.V.

Prata med transaktionsteamet

Gerbrand ter Brugge

Partner

Amsterdam, Nederländerna
Oaklins Netherlands

Se profil Kontakta oss

Jan-Willem de Groot

Partner

Amsterdam, Nederländerna
Oaklins Netherlands

Se profil Kontakta oss

Robbert Bon

Senior Associate

Amsterdam, Nederländerna
Oaklins Netherlands

Se profil Kontakta oss

Relaterade transaktioner

Electro Optic Systems has acquired the UK interceptor business of MARSS

Flyg-och försvarsindustrin

Electro Optic Systems has acquired the UK interceptor business of MARSS

Electro Optic Systems Holdings Limited (ASX: EOS) has acquired the UK-based interceptor unmanned aerial system business of MARSS Group for US$6.4 million (€5.5 million). The interceptor is a reusable electric drone effector guided by imaging sensors and AI, which EOS will integrate into its counter-drone portfolio for defense and critical infrastructure customers. EOS plans further investment to complete development.

Lär dig mer

Banca Monte dei Paschi di Siena has completed a voluntary public exchange offer for Mediobanca

Finansiella tjänster

Banca Monte dei Paschi di Siena has completed a voluntary public exchange offer for Mediobanca

Banca Monte dei Paschi di Siena S.p.A. has finalized a voluntary public exchange offer for 100% of Mediobanca S.p.A.’s share capital, marking a significant step in the consolidation of the Italian banking sector.

Lär dig mer

First Capital has completed an accelerated bookbuilding of 1.98% of Orsero’s share capital

Mat & dryck

First Capital has completed an accelerated bookbuilding of 1.98% of Orsero’s share capital

Orsero S.p.A. has successfully completed an accelerated bookbuilding of 1.98% of its share capital, sold by First Capital, for a total deal value of US$7.2 million.

Lär dig mer