Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB) has co-led a EUR 11m financing round for Nanotron Technologies Ltd alongside British venture firm zouk ventures. DEWB has acquired an 18.1 percent stake in the business. In addition to DEWB and zouk ventures, existing shareholders Danfoss, PolyTechnos, IBB - VC Fonds Berlin, as well as the Nanotron Management also participated.
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company