Avantium is a leading technology development company and a forerunner in renewable chemistry. It develops novel technologies based on renewable carbon sources as an alternative to fossil-based chemicals and plastics. The proceeds of the capital raise are used for, among other things, investments in the commercialisation of Avantium's technology programmes, such as their innovative plantMEG™ technology. This technology is used to produce plantMEG, which is a vital ingredient in the production of polyesters widely used in textiles and packaging.
Lead Partner Antonia Netiv says: "This deal was truly innovative in terms of structure and turned out to be a great way to execute a capital markets deal in challenging market environment. It was truly a pleasure working with the banks and Avantium to make this possible."
The team further consisted of Sabrina Legerstee, Maaike Lelifeld, Petra Zijp, Thyla Fontein-Streefkerk, Marko Heezen (Capital Markets), Nina Kielman, Ash Beesemer (Tax), Jolize Lautenbach, Stephan Sluiter, Keri van Ettekoven (Public law & Regulatory), Jeroen Boelens, Michelle Slimmen (IP), Jaco Belder, Martijn Vreuls (Finance), David Wumkes, Redmar Warning (Real Estate Notarial) and Ramon Pop (Lease).
Press coverage:
- Avantium announces the launch of a public offering of up to €45 million to accelerate the global transition to renewable and circular plastics - Avantium
- Chemiebedrijf Avantium gaat opnieuw op zoek naar vers kapitaal (fd.nl)