OREANDA-NEWS. In order to further strengthen its financial resources for the continued investment in its product portfolio, Evolva intends to raise new equity capital. Targeted gross proceeds are around CHF 60 million and are intended to be principally used to advance Evolva’s strategy of becoming an integrated supplier of high value innovative ingredients, by:
  • Enhancing its manufacturing capabilities by co-investing alongside partners and contractors (including but not limited to its intended 45% participation in stevia in collaboration with Cargill which, subject to a final agreement being reached, will require Evolva to invest low tens of millions USD through 2017)
  • Continuing to improve product profitability through improved yeast strains and production processes
  • Expanding sales and sales channels for existing ingredients, with a focus on key accounts
  • Generating value adding application data for ingredients to enable benefit-based pricing and open up new markets
  • Conducting further regulatory studies for its existing product portfolio, most notably in respect of nootkatone, but also for other products, so as to increase their application range and geographies.

The capital increase is expected to be executed in the next few months, most likely by means of a rights offering, subject to market conditions. Evolva has appointed a banking syndicate to manage the transaction. The new shares shall be issued utilising Evolva’s authorised share capital. Further details on the intended use of proceeds and the terms of the rights offering will be announced at the time of the launch of the transaction.

About Evolva

Evolva is a pioneer and global leader in sustainable, fermentation-based approaches to ingredients for health, wellness and nutrition. Evolva’s products include stevia, resveratrol, vanillin, nootkatone, valencene and saffron. As well as developing its own proprietary ingredients, Evolva also deploys its technology for partners, providing them with a competitive edge and sharing in the returns they make.