Auctus Growth to acquire HeiQ Materials for c.£120m.

Auctus Growth, which is engaged in investing in strategic and/or special situations of unquoted companies or businesses, agreed to acquire HeiQ Materials, an innovator in the field of textile technology, for c.£120m ($159m). The funds raised will be used to strengthen HeiQ Materials’ regulatory portfolio, enhance its direct to consumer marketing and build brand equity, expand its geographical footprint, expand its sales channels, upscale its products, and build a medical business unit in light of the robust growth that HeiQ Viroblock, one of HeiQ’s current core technologies, has experienced due to Сovid-19.