zouk ventures has completed its partial exit from SiC Processing AG, a supplier of wire-saw slurry used in silicon wafer production for solar photovoltaic cells.
The exit results from the recent acquisition of 70% of SiC Processing by Nordic Capital Fund VII. Having led the company's â�¬53 million growth capital investment round in Oct. 2007, zouk says it has sold 5.7% of its shareholding at a return multiple, which strongly validates its European growth-capital investment strategy.
As a testament to zouk's confidence in the company's potential and the quality of its management team, zouk has retained a stake of 5% in order to benefit from an expected future upside.
SOURCE: zouk ventures ltd.