Investment Summary

Formica Capital Invests In Sierra Energy

On July 29, 2019, family office Formica Capital invested in renewable energy company Sierra Energy

Investment Highlights
  • This is Formica Capital’s 1st transaction in the Renewable Energy sector.
  • This is Formica Capital’s 2nd transaction in the United States.
  • This is Formica Capital’s 1st transaction in California.

Investment Summary
Date 2019-07-29
Target Sierra Energy
Sector Renewable Energy
Investor(s) Formica Capital
Deal Type Venture

Target

Sierra Energy

Davis, California, United States
Sierra Energy is a waste gasification company that has developed and demonstrated its proprietary Fastox technology which transforms waste into clean, renewable energy and fuels without burning. Sierra Energy was founded in 2004 and is based in Davis, California.

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Investor(S) 1

Investor

Formica Capital

Investor Investor Investor Investor Investor

Category Family Office
Founded 2018
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Formica is a family investment company with a long-term investment perspective, driving performance under a strong sustainability agenda in both investment selection as well as in its active ownership model. Formica’s investments lie within a range from around SEK 50 Million to SEK 700 Million. Formica Capital was founded in 2018 and is headquartered in Gothenburg, Sweden.

DEAL STATS #
Overall 3 of 11
Sector (Renewable Energy) 1 of 4
Type (Venture) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Collectius

Singapore , Singapore

Collectius is a trusted restructuring and servicing partner to financial institutions and commercial companies in Asia. Collectius's business is to purchase portfolios of non-performing consumer and SME loans and recover them. Collectius also serves financial institutions to help them resolve overdue accounts. Collectius was founded in 1999 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-17 Swedish Algae Factory

Gothenburg, Sweden

Swedish Algae Factory extracts a unique nanoporous silica material from diatoms, a unicellular microscopic alga. The material has exceptional light-altering properties as well as the ability to absorb or release particles depending on its surrounding environment. Swedish Algae Factory was founded in 2016 and is based in Gothenburg, Sweden.

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Mergr

Product

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