Investment Summary

ACE Equity Partners, A123 Systems, Ford Motor, Solvay and Sanoh Invest In Solid Power

On September 10, 2018, private equity firm ACE Equity Partners, A123 Systems, Ford Motor, Solvay and Sanoh invested in electrical equipment company Solid Power

Investment Highlights
  • This is ACE Equity Partners’ 1st, A123 Systems’ 1st, Ford Motor’s 1st, Solvay’s 1st and Sanoh’s 1st transaction in the Electrical Equipment sector.
  • This is ACE Equity Partners’ 2nd, A123 Systems’ 1st, Ford Motor’s 6th, Solvay’s 6th and Sanoh’s 1st transaction in the United States.
  • This is ACE Equity Partners’ 1st, A123 Systems’ 1st, Ford Motor’s 1st, Solvay’s 1st and Sanoh’s 1st transaction in Colorado.

Investment Summary

Date 2018-09-10
Target Solid Power
Sector Electrical Equipment
Investor(s) ACE Equity Partners
A123 Systems
Ford Motor
Solvay
Sanoh
Deal Type Venture

Target

Solid Power

Louisville, Colorado, United States
Solid Power is a developer of next-generation all-solid-state batteries. With considerably higher energy and greatly improved safety, ASSBs has the potential to revolutionize future mobile power markets. Solid Power was founded in 2012 and is based in Louisville, Colorado.

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Investor(S) 5

Investor

ACE Equity Partners

Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ACE Equity Partners is a private equity firm focused on buyout and growth capital investments in industrial technology and advanced manufacturing companies.The Firm seeks control positions in partnership with founders as well as corporate carve-out situations. Specific areas of interest include business services, electrical equipment, technology hardware, IT, semiconductors, and software. ACE Equity Partners was established in 2017 and is based in Seoul, South Korea.


DEAL STATS #
Overall 5 of 12
Sector (Electrical Equipment) 1 of 2
Type (Venture) 1 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Aim Systems

Seongnam-si, South Korea

Aim Systems provides industrial automation solutions and services. Aim Systems was founded in 1996 and is based in Seongnam-si, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 DTK

Changwon-si, South Korea

DTK is an optical fabrication equipment development company. DTK is based in Changwon-si, South Korea.

Buy -
Investor

A123 Systems

Watertown, Massachusetts, United States

Category Company
Sector Electrical Equipment
Employees3,000
DESCRIPTION

A123 Systems, located in Watertown, Massachusetts, is a manufacturer of high-power lithium-ion batteries and systems. The company's products are used in various applications, including hybrid electric vehicles, home appliances, electric drive systems, robotics, stationary power, load balancing, specialized military equipment, and medical devices.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Venture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Investor

Ford Motor

Dearborn, Michigan, United States

Category Company
Founded 1903
Sector Automotive
Employees173,000
Revenue 176.2B USD (2023)
DESCRIPTION
Ford Motor Company's corporate headquarters in Dearborn, Michigan.
Ford Motor Company's corporate headquarters in Dearborn, Michigan.

Ford Motor produces and sells automobiles under the Ford and Lincoln brands. In addition to the products Ford sells to dealerships for retail sale, the Company also sells vehicles to dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. Ford Motor also sells parts and accessories, primarily to dealerships and to authorized parts distributors. Through its dealerships, Ford Motor also offers extended service contracts to retail customers. Ford Motor was founded in 1903 and is headquartered in Dearborn, Michigan.


DEAL STATS #
Overall 10 of 12
Sector (Electrical Equipment) 1 of 1
Type (Venture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 6 of 7
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Argo AI

Pittsburgh, Pennsylvania, United States

Argo AI is an artificial intelligence company focused self-driving vehicles and technology. Argo AI has engineering hubs in Pittsburgh, Southeastern Michigan and the Bay Area of California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Spin

Vancouver, Ontario, Canada

Spin is an electric scooter-sharing company that provides customers with an alternative for first- and last-mile transportation. Spin was founded in 2017 and is based in Vancouver, Ontario.

Buy -
Investor

Solvay

Brussels, Belgium

Category Company
Founded 1863
Sector Chemicals
Employees9,000
Revenue 6.0B EUR (2023)
DESCRIPTION

Solvay is a chemical company that harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay was founded in 1863 and is based in Brussels, Belgium.


DEAL STATS #
Overall 11 of 16
Sector (Electrical Equipment) 1 of 1
Type (Venture) 1 of 2
State (Colorado) 1 of 2
Country (United States) 6 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Vinythai Public

Rayong, Thailand

Vinythai Public Co. Ltd. is a sales and manufacturer of chemicals products. Vinythai Public Co. Ltd. was established in 1988 and is headquartered in Rayong, Thailand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Kandelium

Bad Honningen, Germany

Kandelium is a barium and strontium, and sodium percarbonate Businesses. Kandelium is based in Bad Honningen, Germany.

Sell -
Investor

Sanoh

Tokyo, Japan

Category Company
Founded 1939
Sector Automotive
Employees7,915
Revenue 156.8B JPY (2024)
DESCRIPTION

Sanoh is a automotive parts manufacturing company with 80 production facilities in 23 countries worldwide. Sanoh was founded in 1939 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Venture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-29 Geiger Automotive

Murnau, Germany

Geiger Automotive GmbH develops and produces plastic components for the conveyance and storage of fluids and gases in drive, chassis and brake systems for power-train markets in the automotive industry.

Buy -