Frog Increases Stake in SiC Processing
Frog Capital has doubled its holdings in SiC Processing AG, a Germany-based service provider of wet separation, treatment and reclamation of used slurry, via a purchase from other shareholders. No seller identities or financial terms were disclosed. SiC Processing previously raised €53.4 million in 2007 from Zouk Ventures, Merrill Lynch CPI Group, CC Private Equity Partners, Masdar Clean Tech Fund, Foursome Investments and the Heckmann family. The company is profitable and with expected 2009 revenue approaching €100 million.
23 June 2009•2 mins read
