Announced
Completed
Financials
Sources
Tags
Cross Border
thermoplastic materials
Completed
Acquisition
Israel
Private Equity
Private
Friendly
Specialty Chemicals
Minority
Venture Capital
Single Bidder
Synopsis
TPG Capital led a $170m funding round in UBQ Materials, a developer of climate-positive thermoplastic materials, with participation from Battery Ventures and M&G. "In addition to converting municipal waste into functional thermal plastics, UBQ's material solution is energy efficient, uses no water and produces no effluents. UBQ can be utilized in a broad array of industrial and consumer applications. We're excited to be partnering with management to scale the business globally," Steve Ellis, The Rise Fund Co-Managing Partner.
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