
	Cleantech Invest AG reports audited Financial Results for Fiscal Year 2009 more >>

Track Record

Exit: Trade Sale
Buyer: Nordic Capital Fund VII
Date: June 2010

Case Study

SIC Processing AG

SiC Group is one of world’s leading recycling solutions providers in the field of mechanical wetcutting technologies for the wafer industry, including corresponding logistics solutions. It specialises in preparing cutting fluids consisting of solid silicon carbide and fluid glycol that are used to produce wafers for the photovoltaic and semiconductor industries. Slurry must be replaced after multiple uses and then either properly disposed of or recycled. With the aid of two processes based on hydrocyclone technology, the SiC Group recovers silicon carbide and glycol from the slurry used by wafer producers and prepares them for reuse in the sawing process. By doing so, the SiC Group provides its customers long-term cost advantages. In addition to the actual recovery and conditioning services, SiC Group also offers comprehensive logistics services for wafer manufacturers in the field of cutting fluid management. These include transport, storage and procurement of input materials and slurry. The SiC Group operates slurry recycling sites in China, Germany, Norway, Italy and the US and achieved a turnover of approximately 100m EUR in 2009.

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Exit: Reverse IPO (partial exit)
Stock Exchange: Frankfurt
Date: 2009

Ralos New Energies AG

Ralos New Energies AG, formerly known as BGI Ecotech AG, is a Frankfurt Stock Exchange listed company specialising in the renewable energies growth market, with a particular focus on photovoltaic systems. In 2008, Cleantech Invest AG and a number of co-investors capitalised the stock-listed company BGI Ecotech AG to acquire 100% of the private Ralos Group, one of EuropeÕs leading providers of photovoltaic systems, with over 100 employees and a turnover exceeding EUR 100m in 2008. The consortium financed the acquisition and structured a reverse IPO of Ralos, which took the company public. With subsidiaries and distribution companies in Germany, Austria, Spain, Italy, Canada, Czech Republic and Dubai, Ralos New Energies AG is today represented in the most important and potentially fastest growing photovoltaic markets worldwide. The company develops, plans, constructs and operates innovative photovoltaic plants, the capacity of which ranges from roof-top solar power systems to large-scale photovoltaic power plants of all sizes.

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