Nueva Expresión Textil, S.A. announced that it expects to receive €5.978424 million in funding from Sherpa Capital Entidad Gestora, SGEIC, S.A.
December 17, 2018
Share
Nueva Expresión Textil, S.A. (BME:NXT) announced a private placement of 8,540,606 common shares at a price of €0.70 per share for gross proceeds of €5,978,424.20 on December 18, 2018. The transaction will involve participation from majority shareholder and returning investor Sherpa Capital Entidad Gestora, SGEIC, S.A. The transaction has been approved by the board of directors and by the shareholders of the company at the Extraordinary General Shareholders' Meeting.
Nueva Expresion Textil SA, formerly Dogi International Fabrics SA is a Spain-based company primarily engaged in the textile industry. The Company specializes in the production and sale of elastic fabrics, as well as in the knitting and dyeing of textile fibers. Its facilities comprise production plants in Spain, China and the United States. The Companyâs product lines include fabrics for lingerie, swimwear and sportswear, which are marketed under such brand names as Cristal, Dazzling, Sari, Liquid, Winn, Cooper and Invisible, among others. In addition, it sells its fabrics to such companies as Victoria Secret, Sara Lee, Vanity Fair, M&S and Triumph, among others. The Company is the parent of Grupo Dogi, a group which comprises such a number of controlled entities as Penn Philippines Export Inc, Dogi Hong Kong Ltd, EFA Inc, Textiles Ata SA de CV and Ritex 2002 SL, among others. The main shareholder of the Company is Businessgate SL, a unit of Sherpa Capital SL.
NUEVA EXPRESIÓN TEXTIL, S.A. 
