SiC Processing AG (Germany) - Oct 2007

zouk ventures has led a €53.4m financing round in SiC Processing, a German management and recycling company of used slurry from the solar and semiconductor wafer industries.

Other investors joining the round include Merrill Lynch Corporate Principal Investments Group, CC Private Equity Partners, Masdar Clean Tech Fund and Foursome Investments together with existing investors and the Heckmann family.

The new capital will be used to fund the company’s further international expansion. Company

Established in 2000, SiC Processing is the global leader in the management and recycling of used slurry from the solar and semiconductor wafer industries. Headquartered in Hirschau, the company owns and operates recycling plants in Germany, Norway, Italy, the US and China. It applies its patented generating technology to recover silicon carbide and polyethylene glycol required in the wafer-cutting process, generating substantial cost savings for its customers. SiC Processing has also developed logistical solutions for storage and transportation of used and ready-to-use slurries. In 2006, it generated sales of approximately €20m. People

Dr Alois Flatz led the investment for zouk ventures.

Advisers

Company - BioConnect, (Financial Due Diligence)Company - Greenfort, (Legal)Equity - Weitnauer, (Legal)

Sourced from: Deutsche unquote" 93 (Nov 2007)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Expansion
• Support services
• Germany