Context
Shark Solutions developed a patented technology focused on giving a new life to post-consumer PVB (PolyVinyl Butyral) from windshields and architectural/building glass (laminated glass). The Company contributes to solving a key issue in the chemical industry and eliminates the need for companies to get rid of this superior raw material in landfills.
On top of situational factors (oil price swings, inflation, and supply chain constraints), long-term sustainability concern in the chemical industry rises and forces major players to reduce products' environmental footprint. As a result, Shark Solutions, aiming at a $30bn+ total addressable market in flooring, painting and alternative TPE, experiences a high level of commercial traction and will need to scale up its production capabilities.
In that context, this new investment will fund further expansion of capacity at existing Shark Solutions manufacturing facilities in Europe and the United States, to accommodate the increased demand from companies converting to sustainable raw materials in their efforts to reduce their carbon footprint.
This Private Placement will strengthen the execution of Shark Solutions' international growth strategy and provide comfort that the company is well capitalized.
About Shark Solutions
Shark Solutions is a global leader in the manufacturing of recycled PVB (PolyVinyl Butyral) from post-consumer damaged windshields and architectural/building glass (laminated glass). Headquartered in Denmark, the Company operates rPVB manufacturing facilities in Europe and the USA which provide advanced sustainable polymers to customers in the paints, coating, adhesives, flooring, and industrial markets globally. Shark Solutions is focused on creating sustainable raw materials that help enhance the circular economy and make products more environmentally friendly by providing customers substantial advantages in reduction of CO2 and lower VOCs.
Shark Solution’s plants in Europe and the United States produce post-consumer recycled materials which provide companies unique advantages to create or upgrade their product line with a non-toxic, sustainable raw material alternative that lowers CO2 and VOCs, while also being focused for Cradle-to-Cradle products.
About AXA Investment Managers Alts
AXA IM Alts is a global leader in alternative investments with €188 billion of assets under management (as of 31 March 2022) comprising over €88 billion of primarily private real estate, c.€84 billion of private debt and alternative credit, as well as c. €16 billion in Infrastructure, private equity, and hedge funds.
AXA IM Alts is a leading investor in green, social and sustainable markets, managing €563 billion of ESG-integrated, sustainable, and impact assets as of the end of December 2021. Building on 20 years of impact investing experience, AXA IM Alts seeks to address some of the biggest sustainability challenges globally, and climate change is at the forefront of the global sustainability agenda. This investment fits directly into AXA IM Alts’ objective of evolving resource efficiency, ultimately supporting AXA IM Alts’ broader goal of mitigating climate change.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acted as the Financial Advisor to Shark Solutions, global leader in manufacturing recycled PVB post consumer use, successfully completing the Company’s €20m private placements led by AXA Investment Managers Alts’ Impact Fund
Bryan, Garnier & Co acted as the Financial Advisor to Shark Solutions in the context of the Company’s €20m private placement led by AXA Investment Managers Alts’ Impact Fund and supported by historical investors, Circularity Capital and Blue Equity.
Bryan, Garnier & Co conducted a competitive process involving highly qualified international VCs, family offices, impact funds, and growth investors.
This transaction marks another landmark milestone for Bryan, Garnier & Co by demonstrating its expertise in the field of sustainable industrial solutions, following transactions with Protix, McPhy, and HDF and confirms Bryan Garnier’s ambition to act as a reference partner of entrepreneurs, start-ups and corporates within that space.
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