Patriot Capital Supports Pure Wafer and Edgewater Capital’s Acquisition of Noel Technologies

Noel and Pure Wafer logos

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a subordinated debt investment alongside Pure Wafer, a portfolio company of Edgewater Capital Partners. Patriot’s investment supported Pure Wafer’s add-on acquisition of Noel Technologies, a process development and fabrication services provider that supports the world’s top semiconductor integrated device manufacturers (IDMs), semiconductor original equipment manufacturers (OEMs) and fabless semiconductor companies.

The addition of Noel Technologies creates synergistic opportunities, bringing significant value to customers:

  • Multi-layer and single layer processes expand the product portfolio
  • High-volume blanket coatings capacity provides customers with a domestic source for standard films
  • Development capabilities coupled with Pure Wafer’s exotic dielectric and metal films portfolio enables the company to further address non-semiconductor markets
  • Core process and design optimization capabilities complement Pure Wafer’s strategic growth plan

Established in 1996, Noel Technologies is a Silicon Valley-based foundry focused on process development, optimization, and delivery. Noel brings a range of new growth applications such as thin films, wafer standards, LEDs, optoacoustic microphones, flexible electronics, microarray mirrors, and labs-on-a-chip (LOCs). Noel’s lithography engineering services include reticle layout and process development to assure design success.

Pure Wafer is the largest U.S.-based supplier of silicon wafer solutions and services to the global semiconductor manufacturing industry. Operating three semiconductor fabs in California and Arizona, Pure Wafer supplies a comprehensive range of silicon wafer solutions. These include prime grade silicon wafers, from 50mm to 300mm, thin-films, wafer management software as a service, wafer brokerage, process development and fabrication services. For more than 20 years, it has continued to invest in advanced technologies that has established it as the trusted source for silicon wafer solutions serving the world’s top OEMs, IDMs and fabless semiconductor companies.

For more information on this transaction, please contact: