The Week in Cleantech: August 5 – 11
Last week brought a flurry of IPO news in cleantech. Industrial biotech company Intrexon, which raised $150 million privately in Q2, commenced its trading on the NYSE at $16 per share, raising $160 million more. The company has been backed by its billionaire Chairman and CEO, Randall J. Kirk, as well as Third Security, NewVa Capital Partners, and several undisclosed investors.
Pattern Energy Group, a developer and operator of renewable energy and transmission assets, filed for a $345 million IPO. The company was bought out in 2009 by private equity firm Riverstone Holdings, which speculated during the week that it, too, would float a new related entity, Riverstone Energy, on the London Stock Exchange. The new publicly traded fund expects to raise GBP500 million ($778 million) and invest in the oil & gas and renewable energy sectors.
NovaLED, a Germany-based developer of high-efficiency organic light-emitting diodes (OLED), was acquired by Samsung for $350 million. The company had raised just over $35 million from venture investors including Samsung Ventures, TechFund Europe, TechnoStart, CDC Entreprises, Omnes Capital, and others.
In venture capital, LP Amina, a China-based provider of emissions reduction solutions for coal power plants, raised $20 million from Qiming Venture Partners, Keytone Ventures, and others to support expansion of its core pollution control business.
Today, we published the 2Q 2013 installment of our Quarterly Investment Monitor report, which subscribers can access in the Insights Tab on the i3 Platform. The report draws on data from the i3 Platform and provides deep insights into current venture investment, IPO, and M&A trends in cleantech.