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€45.9 million raised
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Market capitalisation of €164.5 million
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61st listing on Euronext Paris in 2021
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11th listing of a cleantech on Euronext Paris in 2021
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191st listing on Euronext in 2021
Paris – 08 December 2021 – Euronext today congratulates Groupe Berkem, a leading player in plant-based chemistry, on its listing on Euronext Growth Paris (ticker code: ALKEM).
As an expert in green chemistry, Groupe Berkem’s mission is to accelerate the ecological transition of everyday chemical players in the cosmetics, agri-food, construction and public health sectors. Berkem deploys innovative plant-based chemistry solutions that are integrated into conventional chemical products to make them safer and cleaner for the environment and consumers. Groupe Berkem’s expertise enables it to identify, extract and produce innovative solutions based on natural speciality ingredients derived from raw plant materials. With its Initial Public Offering (IPO), Groupe Berkem aims to stimulate continuous innovation through research and development, to support its growth through the expansion of its business relationships and the acquisition of new customers, and to extend its offer to new markets and geographical areas.
Groupe Berkem was listed through the admission to trading on 8 December 2021 of the 17,685,025 shares making up its equity and of which 4,719,222 new ordinary shares and 215,983 existing ordinary shares, after the full exercise of the extension clause and before the potential exercise of the over-allotment option.
The admission and issue price of Groupe Berkem shares was set at €9.3 per share. Market capitalisation was €164.5 million on the day of listing. The IPO raised €45.9 million altogether.
Olivier Fahy, Founder and CEO of Groupe Berkem, said: “At a time when environmental challenges are substantial and the world needs more chemistry, Groupe Berkem supports the transformation of conventional chemical products into bio-sourced solutions. An expert in green chemistry for over 25 years, Groupe Berkem contributes to the ecological transition with bio-sourced products and a single mission: to integrate plant-based chemistry into our daily lives. This IPO enables us to accelerate our international development, strengthen our product portfolio, make targeted acquisitions, address new high-potential markets and optimise the Group’s financial structure.”
Caption: Olivier Fahy, CEO of Groupe Berkem, and his team rang the bell during a ceremony this morning, in the presence of Guillaume Morelli, Director Listing SME France at Euronext, to celebrate the IPO of the company.
About Groupe Berkem
Founded in 1993 by Olivier Fahy, Chairman and Chief Executive Officer, Groupe Berkem is a leading force in the bio-based chemicals market. Its mission is to advance the environmental transition of companies producing the chemicals used in everyday lives (cosmetics, food and beverages, construction, public hygiene, etc.). By harnessing its expertise in both plant extraction and innovative formulations, Groupe Berkem has developed bio-based boosters – unique high-quality bio-based solutions augmenting the performance of synthetic molecules. Groupe Berkem achieved a revenue of €41 million and an EBITDA margin close to 19% in 2020. The Group has almost 165 employees working at its head office (Blanquefort, Gironde) and three production facilities in Gardonne (Dordogne), La Teste-de-Buch (Gironde), and Chartres (Eure-et-Loir). www.groupeberkem.com