Paris – 19 December 2013 – EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs, today announced the successful listing of Carbios, a green chemistry specialist that develops cutting-edge technology to recycle plastic waste and produce biosourced polymers. Carbios is listed on Alternext in Paris.
Founded in 2011, Carbios is dedicated to reinventing the polymer lifecycle by developing industrial bioprocesses that offer competitive alternatives to recycling plastics in three key applications: polymer bio-recycling, programmed biodegradability and polymer production from waste materials.
Drawing on the unique technological and industrial expertise it has accumulated in 10 years of research, Carbios has developed a platform that combines unique bioprocesses and industrial solutions, building its strategy into the comprehensive Thanaplast™ programme. Headed by Carbios, this five-year project represents a total investment of €22 million, including €15 million contributed directly by Carbios. Sixty research specialists are involved, bringing together prestigious partners including Limagrain, Barbier, Deinove, INRA, CNRS and the University of Poitiers. Thanaplast™ is backed by BpiFrance (€9.6 million including €6.8 million for Carbios).
Carbios (ticker code: ALCRB) was listed through the admission to trading of 2,686,667 existing shares making up the company’s equity and the sale of 934,959 new shares issued under a Global Offering, including full exercise of the extension clause and before possible exercise of the over-allocation option.
The admission and issue price of Carbios shares was set at €14.03 per share. Based on shares issued on Alternext on the day of listing, market capitalisation stood at around €52.4 million. Altogether €13.1 million was raised.
“We want to congratulate Carbios on its successful listing on Alternext. This marks an important new stage in the company’s growth and will help it step up the pace of its business development,” said EnterNext Chairman and CEO Eric Forest. “We are proud to welcome a premium player offering technologies that combine technical expertise, competitive edge and environmental protection. Our teams welcome this opportunity to support a company in the fast-growing green chemistry sector.’
Jean-Claude Lumaret, Carbios CEO and founder, said: “Our successful listing gives us the resources we need to become a leading player in the world’s plastics and recycling markets. We will now be able to step up the pace of development, bringing our processes to pre-commercial stage quickly and licensing them to industrial partners that will scale them up and get them on the mark. Our listing will also raise our profile very significantly with multinational businesses in the sector, and make it easier to negotiate licensing and co-development agreements. I would like to thank all of our staff and partners, in particular the Holding Incubatrice Serie 1 Chimie Verte fund advised by Truffle Capital, Truffle Capital itself, and our new shareholders for their confidence—a confidence that will enable us to usher in a green revolution in plastics.”
Caroline Tourrier: +33 (0)1 49 27 10 82
Launched in May 2013, EnterNext is the subsidiary of the Euronext Group designed to develop and promote its stock markets specifically for small and medium-size enterprises (SMEs). Drawing on its pan-European presence, EnterNext brings together all Euronext Group initiatives for companies with market capitalisations under €1 billion, including companies listed in the B and C compartments of its regulated European markets and on Alternext, the market tailored to the needs of SMEs. EnterNext plays an active role in facilitating SMEs’ access to financial markets, helping them generate the funds they need to grow at regional, national and pan-European level. Euronext is a wholly owned subsidiary of IntercontinentalExchange Group.
Carbios is an innovative young green chemistry company, whose mission is to find biological solutions to the environmental and sustainable development issues faced by industrial businesses. Carbios has acquired the rights to exploit research performed over a number of years by various public- and private-sector laboratories and has used them as a foundation for the development of innovative industrial bioprocesses for optimizing the technical, economic and environmental performance of polymers (including thermoplastic materials and synthetic or food-based fibers) by leveraging the unique properties of biological catalysts (enzymes). The company has initially chosen to focus its work on a strategic application sector: plastics. Carbios’ growth strategy is based on a clear business model for industrial value creation that targets attractive markets, develops innovative, competitive bioprocesses and licenses them to major industrial stakeholders for commercialization. Carbios benefits from the financial support of the leading European venture capital firm Truffle Capital. Carbios was founded in 2011 and is managed, since its inception, via the Holding Incubatrice Chimie Verte fund.
Carbios has been named an “Innovative Young Businesss” by Bpi France (formerly Oseo) and is eligible for investment by FCPI mutual funds.
For more information, please visit: www.carbios.fr/en
 The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.