The first step of the engagement is to secure funding for the acquisition of a synergistic downstream carbon fibre user which will accelerate 4M’s valuation as it progresses toward a public listing. Lincoln’s team, led by managing director Jeffrey Corum, will work closely with 4M’s management on all aspects of the transaction process, said 4M Carbon Fiber in a press release.
“The engagement of Lincoln International is a vital step in 4M’s plans to grow and leverage the value of its carbon fibre technology. During my tenure with Dura-Line and Mexichem, Lincoln assisted me in executing a number of significant deals. With Lincoln’s advisory help 4M will raise capital and execute its acquisition and integration plan,” said Paresh Chari, co-chairman of 4M.
4M was created in 2015 by a group of scientists and engineers seeking to exploit the potential of industrial carbon fibre. 4M saw an opportunity to modernise the fibre oxidation process, a time- and energy-hungry process that had remained stagnant since the 1960s. The result is a radical new process that improves upon the traditional method in every aspect with a fibre of unmatched quality, now challenging the outdated price-to-performance paradigm. (PC)
Fibre2Fashion News Desk – India