Monday, July 25, 2011

Sevin Rosen Gets Exit At Innovalight

Sevin Rosen Funds has scored an exit with a portfolio firm, Innovalight, a developer of silicon ink and process technology for improving the efficiency of solar cells, after DuPont said it would buy the firm this morning. Financial details of the acquisition were not disclosed. Sevin Rosen's investment in Innovalight was managed by Al Schuele. The firm has been an investor in Innovalight since at least 2006.