JBR M&A transaction

CRC Holding B.V.

JBR acted as M&A advisor to CRC Holding B.V.

JBR Corporate Finance's deal team consists of:
Rik van Meirhaeghe.

Author: Rik van Meirhaeghe

Managing Partner JBR Belux
LinkedIn

Pryme introduces shares on Oslo Euronext Growth

Cleantech company Pryme was admitted to trading today on Euronext Growth (ticker code: PRYME). Pryme converts plastic waste into chemical feedstock for new plastics. The recycling process was developed by Pryme. Recently, the company raised NOK 287 million through a private placement. The placement included NOK 256 million in new shares and NOK 31 million in the sale of existing shares.

"We are grateful and excited by the investment community's interest and support. The listing on Euronext Growth is an important step in Pryme's business model where the focus is on scalability," said Johannes van der Endt, founder and CEO of Pryme.

Shares in the new issue sold for NOK 51.20, corresponding to a market capitalization of NOK 768 million.

Facts and figures

Pryme

Pryme is a chemical recycling company that has developed a special technology to convert non-recyclable waste plastics into chemicals.

With a private placement and IPO, Pryme plans to build their first industrial plant in Rotterdam
With its new plant, Pryme will contribute to an environmentally friendly and circular economy with a low carbon footprint in line with EU directives, while having an economically scalable and profitable business model with high growth potential
JBR assisted Pryme throughout the process. Legal advice was provided by Wintertaling Lawyers

Euronext

Euronextis a pan-European exchange platform for stocks, bonds and derivatives.

The Euronext platform was used to list Pryme's IPO
Shares in the new issue were sold for NOK 51.20, equivalent to a market capitalization of NOK 768 million.
With the additional capital from the IPO, Pryme has already obtained the capital needed to further scale their business and for the construction of their first industrial plant, which is expected to start in 2022.
Pryme's listings sponsor was Pareto Securities

Feb. 16, 2021

Press Release

The cleantech company Pryme has today been admitted to trading on Euronext Growth (ticker code: PRYME). Pryme converts plastic waste into chemical feedstock for new plastics. The recycling process is developed by Pryme. Recently, the company raised NOK 287 million through a private placement. The placement included NOK 256 million in new shares and NOK 31 million in sales of existing shares.

"We are grateful for the investment community and excited with the interest and support. The listing on Euronext Growth is an important step in Pryme's business model where the focus is on scalability," says Johannes van der Endt, founder and CEO of Pryme.

The shares in the new issue were sold at NOK 51,20 corresponding to a market capitalization of NOK 768 million.

About Pryme
Pryme is an innovative cleantech company focused on converting plastic waste into valuable chemical feedstock for new plastics. The chemical recycling process is developed and optimized by Pryme. The first plant will be built in Rotterdam. Pryme will contribute to a new environmentally friendly and circular economy with a low CO2 footprint in line with EU guidelines, while at the same time having an economically scalable and profitable business model with great growth potential. www.pryme-cleantech.com.

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.7 trillion in market capitalisation as of end September 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe's leading electronic fixed income trading markets and is the largest center for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices.

The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.

Contact the deal team personally

Rik van Meirhaeghe
Managing Partner JBR Belux