Ekopak’s EUR 50 million Listing on Euronext Brussels and Private Placement

Eubelius advised Ekopak on the deal and water treatment NautaDutilh advises the underwriters of Ekopak (Berenberg and KBC Securities).

Ekopak launched its direct listing on Euronext Brussels and a private placement. The private placement period was closed on 30 March 2021, and the transaction closed on 6 April 2021. The gross proceeds of the private placement amount to approximately EUR 50 million. Ekopak will use this to support its strategic growth objectives, specifically (i) to support the roll-out of its WaaS business, (ii) to support working capital requirements for non-WaaS solution growth and (iii) to fund potential M&A opportunities and for general corporate purposes.

Ekopak is an ESG-driven off-grid water solution company. Its solutions allow industrial customers to reduce their water consumption in a sustainable, reliable and cost-effective manner. Ekopak focuses on optimising customer water use through containerised water purification units that transform off-grid water sources such as rainwater, surface water and/or wastewater into cleaner water that can be used and reused in the customer’s industrial processes. By allowing water to be cleaned and reused, Ekopak’s systems turn water consumers into water producers. The resulting circular water systems save customers money by producing clean water for industrial processes at a substantially lower cost per cubic metre than traditional tap water sources.

This was the first listing on Euronext Brussels in 2021, and the latest in a series of equity capital market transactions assisted by Eubelius in 2021 following amongst others the Xior rights issue in March 2021 and the accelerated bookbuilding of new shares in Warehouses De Pauw in February 2021.

The Eubelius team members involved in this transaction are Joris De Wolf (Picture), Lars Van Bever, Anthony Van Besien, Anouk Kerkhofs, Michiel Stuyts and Christophe Janssens.

The NautaDutilh’s team was led by Nicolas de Crombrugghe and included Ysaline Mouthuy and Lentle Nijs.

Involved fees earner: Joris De Wolf – Eubelius; Christophe Janssens – Eubelius; Anouk Kerkhofs – Eubelius; Michiel Stuyts – Eubelius; Anthony Van Besien – Eubelius; Lars Van Bever – Eubelius; Nicolas de Crombrugghe – NautaDutilh; Ysaline Mouthuy – NautaDutilh; Lentle Nijs – NautaDutilh;

Law Firms: Eubelius; NautaDutilh;

Clients: Berenberg Bank – Joh Berenberg Gossler & Co; Europak; KBC Securities;

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Author: Federica Tiefenthaler