Thursday 30 March 2017

BRAEMAR ENERGY VENTURES PORTFOLIO COMPANY AGREES TO BE ACQUIRED BY NIPPON SHOKUBAI

Braemar Energy Ventures portfolio company, Sirrus, Inc. has agreed to be acquired by Nippon Shokubai, a leading global producer of acrylic acid and superabsorbents

NEW YORK, March 29 (Bernama-BUSINESS WIRE) -- Braemar Energy Ventures, a leading venture capital investor in energy technology companies, today announced Nippon Shokubai's planned acquisition of one of their portfolio companies, Sirrus, Inc., subject to customary closing conditions. Braemar has been a lead investor in Sirrus, the world's leading developer of electron deficient monomers and derivatives, since 2011.

Braemar first led Sirrus' $13.6 million Series A-1 round of funding, and later led the Company's A-2 and B round financing in 2013 and 2015, respectively.
http://mrem.bernama.com/viewsm.php?idm=28781

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