Polygiene has carried out a private placement of shares of approximately SEK 280 million at a subscription price of SEK 27.3 per share. The subscription price was determined through an accelerated bookbuilding procedure.
Polygiene is a leading global ingredients brand company and supplier of antimicrobial additives for soft surfaces based in Malmö, Sweden. As world leader in stays fresh and odor control technologies, Polygiene wants to change the way we view clothes - from fast consumables to sustainable durables. The company treats clothes, home products and textiles to help people stay fresh, wash less and let clothes and products live longer. More than 140 global premium brands have chosen Polygiene’s brand to treat their products.
The private placement was carried out as part of the acquisition of the UK-based company Addmaster Holdings Limited.
Pareto Securities acted as Sole Manager and Bookrunner. Baker McKenzie acted as legal advisor to Pareto Securities. Joakim Falkner, Johanna Flink and Ian Gulam from Baker McKenzie's Capital Markets team in Stockholm were involved in the transaction.