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New Deal


Announced

Completed

Reliance Industries and Paulson & Co led a $144m funding round in Ambri.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

battery storage systems

Private

Single Bidder

Production Technology Equipment

Minority

Completed

Friendly

Private Equity

United States

Cross Border

Synopsis

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Reliance Industries, a conglomerate company, and Paulson & Co, an investment management firm, led a $144m funding round in Ambri, a startup company which aims to produce molten-salt batteries for energy storage. Additional investors included Bill Gates, Fortistar, Goehring & Rozencwajg Associates and Japan Energy Fund. "This financing supports the commercial growth of our company and technology," Dan Leff, Ambri's Executive Chairman.

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