Cardiff – CFI UK is pleased to announce that they acted as lead advisor to Newport Wafer Fab on its refinance from HSBC.
Newport Wafer Fab is the UK’s leading 200mm silicon chip semiconductor processing facility. The company was acquired by private investors in September 2017 from German multinational Infineon Technologies AG, a world leader in semiconductor solutions which produces a wide range of semiconductors, microcontrollers, LED drivers, sensors and automotive and power management integrated circuits. Infineon has been and remains a key customer for Newport Wafer Fab.
Newport Wafer Fab is a critical component of CS Connected (“CSC”), the world’s first compound semiconductor cluster. CSC, which is supported by investment from the Welsh and UK governments and the Cardiff Capital Region, brings together compound semiconductor material expertise and large-scale semiconductor wafer scale volume manufacturing, combined with world-class academic research, to deliver customers bespoke solutions using advanced compound semiconductor materials.
IT provides volume manufacturing services for the cluster and any customers who have developed their own products using silicon and compound on silicon semiconductors. It is pivotal to a number of significant international projects being scrutinised by world leading companies attracted to the one-stop-shop capability of CSC.
Newport Wafer Fab has completed a multi-million pound refinancing, involving a restructure of existing Welsh Government loans and asset finance from HSBC. The refinancing includes the early settlement of deferred consideration due to Infineon from the initial acquisition in 2017, the purchase of back end of line specialist equipment to broaden the foundry’s manufacturing capabilities as well as a £3m contribution to a new Combined Heat and Power plant designed to reduce utility costs by over £1.5m per annum.
The transaction closed on 30. April 2019.
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The investment firm CIC Capital has invested in MEGA GOSSAU AG, the leading Swiss manufacturer of metal die casting solutions and door and window fittings, thus supporting the further development of the company. CIC Capital was selected as a minority shareholder and will support the company’s next step of its development, jointly with the current shareholders.
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Hosco Fittings (manufacturer / distributor of fluid handling components), Classic Precision (manufacturer of close tolerance aerospace components), and Integrated Dispense Solutions (manufacturer of high viscosity material dispensing equipment) acquired by Carlisle Fluid Technologies, a division of Carlisle Companies (NYSE: CSL)