Clifford Chance advises the underwriters on Avantium’s €84.8 million equity raise

Global law firm Clifford Chance has advised its longstanding clients ABN AMRO, BNP Paribas and Stifel Europe as Joint Global Coordinators on Avantium’s €84.8 million equity raise by means of a fully underwritten and committed rights offering for an amount of €65.4 million, and the completion of a €19.4 million additional placement, which includes the €15.0 million placement of new ordinary shares to the State of the Netherlands, represented by the Ministry of Climate Policy and Green Growth.

Avantium, a pioneering commercial-stage company focused on renewable and circular polymer materials, herewith secures funding to cover its financing requirements and to ensure that the Group remains properly capitalised until it reaches EBITDA break-even, expected in 2027. Settlement of the shares and their admission to listing and trading on Euronext Amsterdam and Euronext Brussels is expected to take place on 22 September 2025.

Read more about the equity raise here. This transaction follows on from Clifford Chance’s advice to the underwriters on Avantium’s capital raise as part of a €46 million financing package and Avantium’s €70 million funding for the completion, commissioning and start-up of the FDCA Flagship Plant in 2024.

The cross-border Clifford Chance team was led out of Amsterdam by Han Teerink and further consisted of Robert Bulte, Obilot Geuljans and Marina Sarkisjan in Amsterdam and Olivier Plessis, advising on US securities laws aspects, out of the Paris office.