Bryan, Garnier & Co advises Canatu on €22m Fundraising
The transaction underlines the investment bank’s commitment to European technology growth companies with global market potential.
Paris/Munich, September 12, 2016 – Bryan, Garnier & Co advised Canatu, the leading manufacturer of flexible and 3D formable transparent conductive films and touch sensors, in a €22 million capital raising. This includes €10 million in equity from a global automotive player and existing investors such as Inventure and Infosto Group, and a €12 million loan with equity-linked components from the European Investment Bank (EIB). It is one of the largest growth tech investments in the Nordic region this year.
Bryan, Garnier & Co saw the enormous potential of the
technology developed by Canatu, as the industry is facing a long term
transition to ubiquitous touch surfaces, curved and flexible screens in
automotive, smartphones and wearables. The funding will enable Canatu to invest heavily in R&D and
manufacturing expansion thus responding to growing market demand. Plans also
include the construction of a new, larger factory.
“Bryan, Garnier & Co was tenacious
and passionate in its belief in the Canatu technology and stayed the course
with Canatu during its period of transition to a commercially successful
company. Bryan, Garnier & Co’s reach to key strategic and financial
investors was invaluable in supporting the company’s growth”, said Sami
Lampinen, Managing Director of Inventure and Chairman of the Board at Canatu.
Bryan, Garnier & Co acted as sole
private placement agent for this transaction. “We are proud to have assisted
Canatu to raise the financing it needs to scale up to the next level and
support major global customers in automotive, wearables, smartphones and
pocketable computers. This transaction illustrates Bryan, Garnier & Co’s
commitment to European technology growth companies with ground breaking
technologies and global market potential”, said Jay Marathe and Falk
Müller-Veerse, respectively Managing Director and Partner of Bryan, Garnier
Canatu is a technology leader in the
manufacture of flexible, bendable and 3D formable thin films and touch sensors.
Canatu’s CNB material bends, folds and stretches without losing conductivity.
Combined with next generation flexible displays, Canatu’s products offer
consumer electronics companies and automotive designers an unprecedented opportunity
to enhance their products and consumer experiences. The company is pioneering
the flexible display touch market, which is estimated to grow exponentially in
the coming years.
About Canatu (www.canatu.com)
Canatu Oy is a leading developer and manufacturer of transparent conductive films and touch sensors for an entirely new class of touch applications. Canatu’s transparent conductive films and touch sensors are based on a new type of carbon nanomaterial (Carbon NanoBud®), and a new, single-step manufacturing process combining aerosol synthesis of CNB material and Roll-to-Roll deposition by Direct Dry Printing®. Canatu offers consumer electronics companies the ultimate design freedom with its innovative patents.
About Bryan, Garnier & Co (www.bryangarnier.com)
Bryan, Garnier & Co is an international growth-focused
independent investment bank with operations in London, Paris, Munich, Geneva,
New York and New Delhi. Since 1996, Bryan, Garnier & Co has dealt with over
300 corporate clients. The firm employs 150 people and provides equity
research, sales and trading, private and public capital raising and M&A
services to growth companies and their investors. We focus on : TMT,
Healthcare, Renewable Energies and Environment, Specialty Retail and Business
Services industry sectors.
In 2016, Bryan,
Garnier & Co was awarded the gold trophy from Leaders League for the best
“investment bank for growth dynamics” and silver trophies for best “M&A
advisory services in high-tech, biotech, pharma and equity capital markets”.
Bryan, Garnier & Co is a fully registered broker dealer authorized by the FCA in
Europe and by the FINRA in the USA, and is a member of the London Stock
Exchange, a member of NYSE Euronext and a listing sponsor on Alternext.
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