Announced
Financials
Tags
Sweden
Cross Border
Pending
Friendly
Single Bidder
textile impact
Textile Products
Acquisition
Minority
Private
Private Equity
Synopsis
TPG Capital, an American private equity firm, agreed to invest in Syre, a textile impact company. Financial terms were not disclosed. “Syre marks the start of the great textile shift. We envision a world where every textile fiber sees a new day. By implementing true textile-to-textile recycling at hyperscale, we want to drive the transition from a linear to a circular value chain by putting textile waste to use, over and over again,” Dennis Nobelius, Syre CEO.
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