Palo Alto, Calif., -based Capricorn Investment Group has acquired a minority stake in Greentech Capital Advisors, which plans to use proceeds from the investment to finance its U.S. expansion.
Capricorn Investment was founded by former EBay President Jeffrey Skoll and according to Bloomberg News, counts former Vice President Al Gore as a client.
Andrew de Pass, a senior advisor with cleantech-focused investment bank Greentech Capital Advisors, tells GER that the firm could launch a cleantech-focused investment fund early next year.
The investment fund would not provide early stage venture capital. “We are looking to do later stage private equity investments,” de Pass tells us. Read More »
Greentech Capital Advisors, the alternative energy and cleantech-focused investment bank, has hired Deutsche Bank’s Heather Smith as a partner to launch the firm’s private placements group. Read More »
Solar thermal power developer Ausra tapped Greentech Capital Advisors as its financial advisor in its acquisition yesterday by Areva, the Paris-based company best known as a maker of nuclear reactors.
Areva was advised by Deutsche Bank. Read More »
Can you say you’ve made it as an industry when you’re able to tap your very own “green” investment bank? Who knows, but yesterday’s launch of Greentech Capital Advisors by a group of Wall Street veterans is yet another indication of how fast clean tech, once the passion of communes and other off-the-grid communities, has grown in a very short time.
Launched by former UBS investment banker Jeffrey McDermott, Greentech Capital is a one stop shop investment bank for the clean energy industry, offering capital raising and financing services as well as mergers and acquisitions advisory.
Joining McDermott, who was formerly co-head of investment banking for UBS, is Timothy Vincent, a former infrastructure banker with Goldman Sachs, who will lead the firm’s project finance business. Read More »
