SgMA secures financing to accelerate the green packaging revolution

The SeedLegals Advisory team advised Sol-gel Materials and Applications Limited (SgMA) on its investment from funds managed by Oaktree Capital Management, L.P. (Oaktree).

Solgelica is an award-winning paper-treatment technology based upon silica sand. Solgelica makes water- and oil-proof paperboard for food and drinks applications, that are compliant with regulatory safety standards, without using any toxic chemicals or compromising the paper’s recyclability or biodegradability. The investment from Oaktree will help to accelerate the scale-up of SgMA’s Solgelica technology for 100% plastic-free packaging solutions in the EU and the UK.

Oaktree is a leading global investment manager that specialises in alternative investments.

For more details on the investment, please see the press release here.

The SeedLegals Advisory team provides legal advice to early stage & high growth businesses from term sheet negotiation through to closing. For more details, please contact Abdul Khan (abdul@seedlegals.com) and Anna Sivula (anna@seedlegals.com).