Baker McKenzie legal advisor to Nordea and Pareto in Re:NewCell’s directed new share issue of SEK 240 million

Re:NewCell AB (publ) has carried out a directed new share issue of shares of SEK 240 million where the subscription price was set through an accelerated bookbuilding procedure. A number of Swedish and international institutional investors participated in the share issue, including existing shareholders.

Founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, Re:NewCell is a multi-award-winning sustaintech company based in Sweden. The company’s vision is to make fashion circular. Through its patented process, Renewcell is able to recycle cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called CIRCULOSE®.

Nordea acted as Sole Global Coordinator and Joint Bookrunner. Pareto acted as Joint Bookrunner. Baker McKenzie acted as legal advisor to Nordea and Pareto with a capital markets team consisting of Henric Roth, Olof Larsson and Sophie Gidlund.