Suominen raises €28M in rights issue to fund turnaround plan
What's the deal? Finnish nonwovens maker SuominenDealroom has a profile for this one. Try Dealroom → has completed a fully underwritten rights issue, raising roughly €28 million in gross proceeds.
The offering involved 77,121,272 new shares at €0.36 each — a 45.1% discount to the theoretical ex-rights price. New shares begin trading on Nasdaq Helsinki on or around July 6, 2026.
Why now? The capital backs Suominen's Full Potential Program, a three-year plan launched in January 2026 to lift profitability and operational efficiency.
The program funds low-risk asset investments, cost cuts, and improvements to production and procurement. It will also shore up the company's capital structure.
Major shareholders Ahlstrom CapitalDealroom has a profile for this one. Try Dealroom →, Etola Group, and Oy Etra Invest — together holding about 49% of shares — backed the issue and guaranteed any unsubscribed shares.
What could go wrong? The deep 45.1% discount signals the cost of raising fresh capital and dilutes existing holders.
A two-year extension to Suominen's syndicated credit facility and added covenant flexibility both hinge on the offering closing successfully.
The signal: A mature manufacturer like Suominen tapping its own shareholders rather than new capital underscores how nonwovens producers are recalibrating after the pandemic-era wipes boom faded. With anchor backer Ahlstrom Capital, an investment fund, underwriting the issue alongside fellow major holders, the rescue is effectively an insiders' bet that operational discipline can revive a €412.4 million revenue business.
Read more: AInvest
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