Mourant Ozannes has advised venture capital firm Emerald Technology Ventures on the addition of three new investors to the Emerald Cleantech Fund III.
Multinational corporations Suncor Energy, SK Group and Ecolab have all now joined existing investors including ABB, Clariant, Evonik, JSR, MAHLE, Sibelco and Sulzer in broadening the funds investor base. The fund now incorporates investors from Asia, Europe and North America, covering a range of industries including oil and gas, advanced chemistry and water treatment solutions.
The Emerald Cleantech Fund III invests in early- and expansion-stage companies in the energy, water and materials sectors.
Mourant Ozannes originally advised the firm on the establishment of the Emerald Cleantech Fund III as an authorised, closed-ended investment fund to invest predominantly in companies and venture capital opportunities within clean-tech industries.