Bryan, Garnier & Co advises Canatu on €22m Fundraising
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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 groundbreaking technologies and global market potential”, said Jay Marathe and Falk Müller-Veerse, respectively Managing Director and Partner of Bryan, Garnier & Co.
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
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.
Press contact
Falk Müller-Veerse
Tel: +49 89 242 262 66 / fmuellerveerse@bryangarnier.com
Claire Elliott
Tel: +33 1 56 68 75 97 / celliott@bryangarnier.com
CREAM COMMUNICATION
Bettina Leutner
Tel: +49 40 401 131 010 / bryangarnier@cream-communication.com