Nordic Capital acquire SiC Processing in SBO
Nordic Capital has acquired a majority stake in the German photovoltaic wafer producer SiC Processing from a group of sellers including Frog Capital in a secondary buyout.
The remaining shares will be retained by the founding family and previous lead investor zouk ventures, with 25% and 5% shares respectively. SiC Processing generates the majority of its revenue from customers in photovoltaic wafer manufacturing but also serves the semiconductor industry. Nordic Capital sees strong future growth for the company as demand for solar and renewable energy increases.
The investment by Nordic Capital will be used to fund the company's global expansion and comes from Nordic Capital Fund VII.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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