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SK Capital Partners and Edgewater Capital Partners acquire Saint-Gobain’s crystals business

Funds advised by SK Capital Partners (SK Capital) and Edgewater Capital Partners (Edgewater), are to acquire the scintillation and photonic crystals business of Saint-Gobain, (Saint-Gobain Crystals). SK Capital will lead the investment with Edgewater acting as a meaningful minority shareholder with Board involvement.

Saint-Gobain Crystals is a technology specialist and provider of single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications. The Company differentiates itself with deep R&D capabilities and expertise in crystal growth, packaging, and integration, as well as unique intellectual property supported by a portfolio of 174 patents. Saint-Gobain Crystals is fully vertically integrated with crystal purification, growth, cutting & finishing, packaging, and electronics integration capabilities.

The definitive agreement between Saint-Gobain, SK Capital and Edgewater will be able to be finalized following completion of customary employee consultations within the Saint-Gobain group. The completion of the transaction is subject to the approval of certain regulatory authorities and should be effective before the end of the year.

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