Best Clean Tech Banking group
What's the best clean tech/ Clean Energy groups on the street? In terms of reputation and deal flow?
What's the best clean tech/ Clean Energy groups on the street? In terms of reputation and deal flow?
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Clean tech / energy VC/PE Groups in San Francisco (Originally Posted: 11/17/2013)
What are some of the more well known clean tech / energy VC/PE shops (or groups within larger funds) in the San Francisco area? Silver Lake Kraftwerk and GE Ventures are in the area... are there any others?
Thanks in advance!
Cheap natural gas and the end of European subsidies are part of the equation, and the inventions that were supposed to make clean tech more efficient never happened.
Clean Tech & Renewables IB Outlook (Originally Posted: 07/31/2012)
For anyone that is familiar with IB - clean tech & renewables (including energy efficiency, fuels, renewable generation, alternative vehicles, batter storage), how has the first half of 2012 looked from an industry perspective? I know that the traditional energy sector is going strong, but from an outsider looking in, was wondering what your thougths were for the viability and deal flow outlook will look like in the future?
I know that there are significant barriers in commercial adoption, regulation, tax breaks for clean tech, so wanted to see if there were some opinions out there.
Have an informational with a MD & VP in clean tech (think GS,MS,JPM) this month and wanted to get some insight aside from using bloomberg, etc.
Thanks.
Clean tech (Originally Posted: 04/12/2010)
Anyone care to offer some insight on banking in the clean tech space?
Basically:
Which banks are the most active/'leading' in clean tech?
How much upside is there with working on clean tech companies? Are people expecting a dot com era-ish explosion in clean tech activity?
How active are sponsors with regards to clean tech firms?
It seems like an interesting space to get involved in, but I frankly have no idea what the actual environment is like so if someone who currently does clean tech banking/have some real insight into it would like to comment, I'd be happy to give out some silver bananas.
Piper has a group dedicated to clean tech in their IBD
HLHZ has a strong group in aerospace/defense (main offices for that group are D.C. and L.A.)
Clean Tech, Energy, Aerospace/Defense Boutiques? (Originally Posted: 06/12/2008)
Hey all,
I've been trying to compile a list of banks that deal specifically with these industries (obviously not all at once). Does anyone know where/how I can compile a list using these criteria? I'm looking West/East Coast, or abroad.
It is in Tech group at Menlo Park.
Morgan Stanley Clean Tech? (Originally Posted: 12/28/2012)
Would clean tech fall under the Energy, Power & Utilities, or Tech Group? I know Energy is typically a Houston office, but is there a decent presence in NY? Thanks.
Check out clean tech partners. I think a lot of banks house their CT groups within their Industrials Group. Its definitely a sector that is going to take off in the next few years.
The Westly Group (Tesla investor), SJF Ventures and NEA are a few I can think of off the top of my head that invest in cleantech.
Clean Tech IB & PE (Originally Posted: 02/24/2014)
Who has a serious clean tech or alternative energy group? Who are the top PE or VC funds in the space? I know Piper has a serious team in the SF office and I have heard good things about Jefferies and DB as well. Scott Barrington spun a clean tech VC/PE FOF out of Piper a few years back - North Sky Capital. Any info about other banks who are doing deals in this space, team size, location, etc. would be greatly appreciated.
GS SF has one of the top cleantech/renewables groups and they were the lead-left bookrunner on some of the only "successful" cleantech IPO's including Tesla, SolarCity, and Silver Spring Networks. They also have a dedicated cleantech fund that helps invest in the companies they advise (put $500 MM into SolarCity). As an IBD analyst, you'd actually get the chance to do a bit of buy-side investing work, which is a really unique opportunity. FYI the cleantech group is housed under West Region Advisory at GS SF (not TMT)
Clean Tech IB (Originally Posted: 09/05/2008)
So I just wanted to know everyone's thoughts on Clean Energy-related IB. Most clean-energy companies are small now but, imo, will be huge in the future. I think there will be a massive clean tech boom similar to the dotcom boom but it will be more sustainable (pardon the pun).
Just wanted to hear you guys say something about your outlook on this industry and how a prospective might try orienting his/her IB career around it.
jefferies and db are the only real clean tech groups I know of...other firms have "alt energy", but those 2 have specific clean tech.
i personally prefer the dirty.
if you want clean tech, go with Morgan Stanley's tech practice in menlo park. MS is one of the top 2 firms competing in the tech space (with GS), and morgan stanley is one of the pioneers breaking into clean tech, with recent deals like Miasole's large private placement. doubt youll find a lot of clean tech elsewhere
Khosla and KPCB as well
Clean technologies are rather necessary to use in every area of people life. It is really great that a lot of people have enough opportunities to work. Why not use them?
Edgeview Partners has a strong A&D practice, especially after being bought out by CIT, who had a strong A&D lev fin group. Its a boutique though so you work as a generalist.
bump
thanks for the info. banking_monkey.
Which group in GS does clean tech deals? TMT?
Cleantech isn't a great space to be in right now, unfortunately. KPCB in particular got killed on their investments.
piper has one as well
They also have an SS clean group. And yeah, as mentioned above, they have a great relationship with Elon Musk. Some of Solar City's competitors have used GS too due to the success in raises for Solar City
I have some exposure to the space, I'd say greenfield won't be hot again for a couple of years (lots of brownfield opportunities = folks don't want to take the risk of a greenfield project); that said, if you want to be in a cool/cutting edge sector something like tech/media might be better
i'm not sure if GS does a lot of clean tech deals yet. when I mentioned them, I was referring to their reputation along with MS for tech as a whole.
But yes- if they do deals, it would be the TMT group, which is equally split as far as I understand between SF and NY (probably with SF being more "T" focused and, as a result, more clean tech focused)
The universe of cleantech investors has narrowed significantly over the years. Something like $11 billion in new VC funding was raised for cleantech funds in 2009/2010, this year it was under $1 billion. I would say that there are maybe 10-20 funds that are actively investing in the sector - this is not including the insurance companies, pension funds, etc. that buy into projects for the yield. Here are funds with dedicated cleantech arms (note that most energy funds will have some overlap unless its solely O&G) that I know of on the West Coast:
-Vantagepoint (shelved their last fundraise but have a huge portfolio) -Kleiner (took a bath on a few deals but definitely the biggest investor in the space) -Khosla -Nth Power -US Renewables Group (more PE) -Silver Lake -GE/Siemens/Chevron all have VC groups, some are split between SF and Boston
PM me if you've got any questions.
Piper's does great work and is very committed to the space. Really great guys in their SF office. GS is starting to do some really interesting things in the space I've been told.
Anyone able to shed some light on Piper's clean tech team in Minneapolis?
seems like DB and JEF dominate, JEF brought lots of ppl from Piper and recently poached Adam Bergman from DB.
can anyone comment on activity in this sector now and future? m&a? ecm?
Uh, I think you're wrong bm. The Energy group at MS is the one that actively participates in the cleantech sector, as evidenced by MS Energy's equity stake in a few cleantech-focused VCs. MS Tech M&A in Menlo solely does traditional tech deals (software, semiconductors, some web 2.0). The pure execution of cleantech deals is done in the energy group.
Not sure about exclusive clean tech/energy groups, but the space is not that big, and most clean tech practices at BB's are situated within other groups (GS tmt, JPM tech, MS tech & gpug)
uh, i think you don't know what you're talking about ("as evidenced" by your post asking what tech M&A is). I don't know what you mean when you refer to MS Energy, maybe the houston group does some clean tech, although most is out of Menlo Park. but it seems like you're referring to some MS buy side fund which has nothing to do with executing deals besides its own purchases.
and why are you talking about M&A? they do M&A deals, but i just mentioned a private placement which clearly is not M&A.
Can we revisit this? There's a general divide on this site about it and I've got an interview with an MD tomorrow-any ideas?
I believe UBS recently started a clean tech group as well
update?
Anyone have an update?
are there any template models, study materials, equity research guides or books anyone can share/recommend?
A little outdated now, but good 2017 primer from RJ. https://raymondjames.bluematrix.com/docs/pdf/347aab14-a3f5-46c9-b5e4-f8…
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