Frog Capital doubles recycling company stake

London-based venture firm Frog Capital has doubled its stake in industrial recycling business SiC Processing by purchasing shares from other investors.

Germany-based SiC Processing, which claims a 70 per cent market share in the recycling and supply of chemicals used to produce silicon wafers, raised €53 million (£45 million) in a 2007 funding round led by Merrill Lynch and Zouk Ventures. The size of this latest deal has not been disclosed.

The company is profitable and expects sales of nearly €100 million this year.

Frog Capital, previously known as Foursome Investments, manages assets of the Engelhorn family. It has funds under management of €100 million and invests in funding rounds of between €2 million and €20 million in cleantech, IT and digital media businesses.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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