HeiQ announces capital increase

HeiQ, the textile technology and synbiotics specialist based in Schlieren in the canton of Zurich, was returned to private ownership following its delisting from the London Stock Exchange on 19 November. According to a press release, this decision is supported by key anchor investors, while shares in the company can be traded via the Asset Match platform with immediate effect. A capital increase is planned for December.

According to the press release, HeiQ’s strategic transformation is being supported by anchor investor Darren Morcombe, who recently increased his stake to around 22 percent. This makes him the largest individual shareholder in HeiQ. “My increased investment underlines my confidence in HeiQ’s robust innovation pipeline and its focus on sustainable growth”, as Morcombe, who is also Executive Chairman and founder of Springtide Capital based in Epsom in the UK, explains in the press release. His aim is to support the company in its efforts to develop “game-changing solutions that will impact markets globally”, Morcombe adds.

“Returning to private ownership allows HeiQ to focus on both strengthening our well-established core businesses in textiles, flooring, industrial, and antimicrobial specialties, and driving the value creation of our breakthrough technologies”, comments Carlo Centonze, CEO and co-founder of HeiQ, in the press release. Centonze holds a stake of around 19 percent in HeiQ, making him the second-largest shareholder in the company.

HeiQ, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), is headquartered at the IJZ, an innovation and start-up park located in Schlieren. The company is also a member of Start Smart Schlieren. ce/gba