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Announced

Completed

TPG led a $170m funding round in UBQ Materials.

Financials

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Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

thermoplastic materials

Completed

Acquisition

Israel

Private Equity

Private

Friendly

Specialty Chemicals

Minority

Venture Capital

Single Bidder

Synopsis

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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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