Nordic Alpha Partners and Verdane join forces in the funding of Re-Match’s long-term strategic expansion

Re-Match today announces that the board of directors of the Company unanimously recommends an unregulated voluntary public tender offer to existing shareholders from the Offeror (funded by Verdane) and to be carried out in connection with investments from Nordic Alpha Partners and Verdane (indirectly through the Offeror) as key investors that will ensure funding for short-term operations and a long-term strategic expansion plan involving geographical expansion and construction of additional factories, via capital injections of up to DKK 235m

Laurits Bach Sørensen, Partner at Nordic Alpha Partners, said:
“Nordic Alpha Partners and Verdane fully support of Re-Match strategy of globally expanding its factory blueprint recycling concept for the artificial turf industry, as it has succeeded with in the Netherlands. Nordic Alpha Partners longstanding investment in Re-Match is based on our confidence in its unique market position, exhaustive know-how, hardworking employees and the company’s substantial sustainability impact. The fact that Verdane, with more than DKK 30bn under management, pursues this opportunity with Nordic Alpha Partners, is a strong validation of what the company has achieved and should be considered great news for the Danish GreenTech exports, the green transformation, and the Company, as it now has the financial backing to fully realize its global potential.”

About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses to help them reach the next stage of international growth. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies. Verdane funds hold over €4.5 billion in total commitments and have made over 140 investments in fast-growing businesses since 2003. Verdane’s team of over 130 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.

Please refer to the Company announcement for further information where Re-match also acts as spokesperson on the proposed transaction: Company announcement

Read more about Re-Match here: re-match.com

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