New Value backs SIAG capital increase
New Value has subscribed to a capital increase carried out by its current portfolio company, Solar Industries AG (SIAG).
The investment firm contributed CHF 2m to the CHF 4.6m total raised and now holds 34.6% of the business' equity.
SIAG, which produces photovoltaic modules, established a new subsidiary, Solar Industries Module GmbH last month, to which Matthias Schoft was appointed CEO.
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 Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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