January 2021: Kinetix Critchleys Corporate Finance has advised its client Unwasted Ltd on the close of the first phase of a multi-million pound funding round to build a manufacturing plant for its groundbreaking new construction panel.
Called Neverwaste®, the panels offer a completely sustainable alternative to conventional panels that are made from timber and resin and are toxic in production and in use. Neverwaste® is made entirely from waste cardboard and packaging without the use of any glues or toxins and can be remade into new panels at end of life, making it a ‘pure play’ circular economy product with exceptional environmental credentials.
The funding close is part of an initial £5m round that will be followed by a £60m round to rapidly increase production capacity to meet the demands of its customers that include some of Europe’s biggest manufacturers of furniture, kitchens, flooring, and internal joinery.
About Us: Kinetix Critchleys Corporate Finance is an independent corporate advisory boutique, with sector specialisms in Sustainability & Cleantech, Hard & Soft tech and Financial Services, including Fintech. We provide strategic and M&A advice, business planning, valuations and fund raising services.