Investment Summary

Formica Capital Invests In Swedish Algae Factory

On March 17, 2020, family office Formica Capital invested in renewable energy company Swedish Algae Factory

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

Investment Summary

Date 2020-03-17
Target Swedish Algae Factory
Sector Renewable Energy
Investor(s) Formica Capital
Deal Type Venture

Target

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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

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 4 of 11
Sector: Renewable Energy M&A 2 of 4
Type: Venture M&A Deals 3 of 3
Country: Sweden M&A 1 of 7
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Ecokraft

Eskilstuna, Sweden

Ecokraft delivers high-quality solar cell installations to commercial properties and agriculture, as well as to the residential market. The company has built up a solid foundation with a focus on customer satisfaction, quality, and sustainability in developing and delivering products. Ecokraft was founded in 2008 and is based in Eskilstuna, Sweden.

Buy -