Surface Transforms PLC has completed a fundraising
Surface Transforms PLC has raised US$10.3 million placing and up to US$2.5 million via an open offer. The placing will support the company's working capital requirements as they ramp up production for their OEM customers.
Headquartered in Liverpool, UK, Surface Transforms is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications. Surface Transforms is a highly innovative company, with its own patented materials technology and a team of PhD-qualified scientists and degree-qualified engineers.
Oaklins Cavendish, based in the UK, acted for Surface Transforms in this transaction.
Talk to the deal team
Related deals
Carguru and OX Drive merger set to transform Latvia’s carsharing industry
The electric carsharing startup OX Drive has merged with Carguru, a leading carsharing platform in Latvia. As part of the deal, Eleving Vehicle Finance joined Carguru’s shareholders alongside its founders and earlier investors.
Learn moreMG Cannon has been acquired by Steer Automotive Group
The shareholders of the UK automotive bodyshop repair group MG Cannon have sold the business to Steer Automotive Group.
Learn moreWinking Studios Limited completes a secondary fundraising of US$20 million
Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.
Learn more