Nordic Capital Fund VII has acquired a majority stake in SiC Processing AG, a supplier in the recovery and processing of sawing slurry in silicon wafer production, from a group of sellers. The company's founding family will remain co-owners, with a 25% stake, and former lead investor zouk ventures will retain a 5% stake.
‘Due to the strong growth of solar renewable energy, we are facing increasing demand for slurry processing capacities from existing and new customers,’ says Thomas Heckmann, CEO and founder of SiC Processing. ‘With Nordic Capital Fund VII as new majority owner, we have a partner with the strong funding base required to meet this demand.’
SOURCE: SiC Processing AG