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Vinge has advised Re:NewCell in connection with a directed share issue

May 20, 2022 Capital Markets and Public M&A

Vinge has advised Re:NewCell, a textile-to-textile recycling company listed on Nasdaq First North Premier Growth Market, in connection with a directed share issue whereby the company raised proceeds of approximately SEK 324 million before issue costs.

The share issue was directed to a number of selected Swedish and international institutional investors on the basis of an accelerated bookbuilding process.

Founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, Re:NewCell AB is a multi-award-winning sustaintech company based in Sweden. Re:NewCell’s vision is to inspire an Industrial Evolution to a sustainable world by producing high quality materials from recycled textiles.

Vinge’s team consisted of Dain Hård Nevonen, William Kåge, Benjamin Vafaeian and Gabriel Chabo. Henrik Ossborn provided financing advice.

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