24 November 2023
Clifford Chance advises Teslin Participaties in relation to Accsys' €24 million capital raise
International law firm Clifford Chance has advised its long-standing client Teslin Participaties as shareholder in relation to Accsys' €24 million capital raise. As largest and active shareholder, Teslin was closely involved with this process. Accsys is a fast-growing company that enhances the natural properties of wood to make high performance and sustainable building products.
The proceeds of the fundraising will allow Accsys to complete the delivery of its Accoya plant in Kingsport, United States, in mid-2024, strengthen its balance sheet and increase working capital headroom in the face of a challenging macro trading environment. Read more about the transaction here.
This transaction builds on Clifford Chance's market-leading public M&A practice. The Clifford Chance team consisted of Jan-Hendrik Horsmeier, Tim Heerschop and Robin Traas.