Slaughter and May advised Coats Group plc on the financing of its acquisition of Rhenoflex GmbH

Slaughter and May advised Coats Group plc (Coats) on the financing of its acquisition of Rhenoflex GmbH (Rhenoflex) including an approximately £92.2m placing (the Placing) comprising a £91,794,000 share placing to institutional investors and a £433,000 share offer to retail investors via the REX platform.

Coats will use the net proceeds of the Placing to fund the purchase of Rhenoflex, which is one of the leading global manufacturers of sustainable structural material solutions for the footwear industry.