Venture capital firms continuing to pour money into cleantech

The San Jose Mercury News highlights Ernst & Young’s quarterly IPO pipeline report in an article that ran on May 27. According to the story, venture capital firms are continuing to pour money into cleantech, with $1 billion invested in the first quarter of this year.

At the end of Q1, Ernst & Young listed 125 companies in its IPO pipeline representing $18.4 billion. Continuing the trend of increased activity, more PE-backed companies also entered the IPO pipeline.

June 3rd, 2011|Categories: Client News|Tags: , , , , , , , , |

Ernst & Young Counts More IPO Filings as Sign of Increasing Activity

Bruce V. Bigelow
Xconomy

A study released today by Ernst & Young shows that 53 companies submitted the necessary paperwork during the fourth quarter of 2009 to hold initial public offerings—the highest number of new registrants in a quarter since 2007.

At of the end of December, Ernst & Young counted 54 companies in the U.S. that were ready to go public—and are seeking to raise a total $10.3 billion. There have been quarters with many more IPO filings over the past two years. And there have been quarters in which companies sought to raise more capital.

But the sharp increase in the number of companies seeking to go public was viewed as a resurgence in IPO activity by Jackie Kelley, Ernst & Young’s Americas IPO leader, based in Irvine, CA. “This is probably one of our most optimistic quarters in the past two years,” Kelley says. “The more that register, and the more that are in the pipeline means that more deals are likely to get done.”

Click here to read the full article.

February 1st, 2010|Categories: Client News|Tags: , , , , |

Colorado companies boost Q2 cleantech investment — Denver Business Journal

By Renee McGaw
Denver Business Journal

Read the full article at bizjournals.com

U.S. venture capital investment in cleantech companies rose 73 percent to $572 million in the second quarter compared with the previous quarter, led by solar and energy efficiency deals, according to an Ernst & Young LLP analysis of data from Dow Jones Venture Source.

Two Colorado companies — Tendril Networks Inc. and Gevo — ranked among the quarter’s top five deals. Boulder-based Tendril, a residential smart grid company, got $30 million in May. Gevo, an Englewood-based biofuels company, got $40 million in April.

“The quarterly uptick reflects investor confidence in the ability of cleantech companies to capitalize on market opportunities,” Joseph Muscat, Americas director of cleantech for Ernst & Young LLP, said in a statement. “While enacted and anticipated government actions have helped bolster confidence and catalyze new capital, we believe that leading cleantech companies will be defined by their ability to execute on business plans and advance their technologies through commercialization and distribution despite the challenging economy.”

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