DGAP-News: CLEANTECH INVEST AG successfully exits SiC Processing AG
(firmenpresse) - Cleantech Invest AG / Disposal/Miscellaneous
21.06.2010 23:19
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- Full exit of largest portfolio investment of Cleantech Invest AG
- SiC Processing AG displayed strong revenue growth during holding period
- Mountain Cleantech Team further develops exit track record
- Exit validates investment strategy focus on established Cleantech
companies
St. Gallen, 21. June 2010 - CLEANTECH INVEST AG (ISIN: CH0034183175, Ticker
Frankfurt: 4CT, Ticker Berne: CTI, www.cleantech-invest.ch) - a Berne and
Frankfurt Stock Exchange listed Growth Capital Fund focusing on Clean
Technology Investments in the German-speaking region - announces the full
realisation of its stake in SiC Processing AG in a Trade Sale to Nordic
Capital Fund VII.
Cleantech Invest AG has been a shareholder of SiC Processing AG for almost
three years. Through the purchase of additional shares from an existing
shareholder, Cleantech Invest AG was able to double its stake in SiC
Processing AG in summer 2009 - making it the largest investment in its
portfolio.
SiC Processing is a leading supplier in the recovery and processing of
sawing slurry in silicon wafer production. The company generates over 90%
of revenues from customers in photovoltaic wafer manufacturing, but also
serves major manufacturers in the semiconductor industry. Its headquarters
are located in Hirschau, Germany and the company runs production facilities
in Germany, Norway, Italy, China and the USA.
During the holding period, SiC Processing AG was able to significantly
expand its processing capacity. In fiscal year 2009 the company realized
revenues of approximately 100m EUR.
Thomas Heckmann, CEO and Founder of SiC Processing AG: 'We thank our
investors for their trust and for supporting our growth strategy in the
recent years.' Jürgen F. Habichler, Managing Partner of Mountain Cleantech
AG, the exclusive Investment Advisor of Cleantech Invest AG, commented:
'The management team of SiC Processing AG has done a tremendous job and we
highly appreciate the excellent cooperation during our holding period.
After two profitable partial exits in 2009, we are pleased to present the
investors of Cleantech Invest AG with another successful exit in a
continued difficult market environment. We regard this, yet again, a
validation of our investment strategy focusing on established, fast-growing
Cleantech companies in the German-speaking region.'
About Cleantech Invest AG
Cleantech Invest AG (ISIN: CH0034183175, Ticker Frankfurt: 4CT, Ticker
Berne: CTI, (www.cleantech-invest.ch) headquartered in St. Gallen,
Switzerland, is a stock exchange listed Growth Capital Fund focusing
exclusively on clean technology and renewable energy. Cleantech Invest AG
invests in established and growing companies in the field of renewable
energy, environmental and climate protection.
About Mountain Cleantech AG
Mountain Cleantech AG (www.mountain-cleantech.ch) headquartered in
Wädenswil/ Zurich, Switzerland, is the Investment Advisor of Cleantech
Invest AG. Mountain Cleantech AG was founded in the beginning of 2007. The
native German-speaking Investment Team combines extensive Cleantech,
Corporate Finance and Growth Capital investing experience. The team has
been managing its first fund Cleantech Invest AG since 2007.
Contact
Jürgen Habichler
Phone: +41 44 78 38 041
Email: contact(at)cleantech-invest.ch
Internet: www.cleantech-invest.ch
21.06.2010 23:19 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Cleantech Invest AG
Dufourstr. 121
9001 St. Gallen
Schweiz
Phone: +41 44 78 38 041
Fax: +41 44 78 38 040
E-mail: contact(at)cleantech-invest.ch
Internet: www.cleantech-invest.ch
ISIN: CH0034183175
Swiss Security Number: A0M1SE
Listed: Open Market in Frankfurt; Foreign Exchange(s) BX
End of News DGAP News-Service
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Datum: 21.06.2010 - 23:19 Uhr
Sprache: Deutsch
News-ID 22777
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