press releases

Cleantech Venture Network releases "Cleantech venture investment - patterns and performance" research report

 

  • Howell, MI – February 25, 2004 – Cleantech Venture Network LLC, an organization
  • that connects venture, corporate and institutional investors with “clean technology”
  • entrepreneurs, today announced that “Cleantech Venture Investment – Patterns and
  • Performance” the first comprehensive examination of cleantech related investment
  • activity and exits is publicly available for purchase. The report provides indicative
  • statistical evidence that investors in privately held cleantech companies have been able to
  • achieve exits, and in many cases with venture grade returns. Incorporating data from
  • North America and Europe, “Cleantech Venture Investment – Patterns and
  • Performance” covers 67 initial public offerings and 730 M&A transactions from 31
  • countries over a fifteen-year period.
  •  
  • “This research project provides investors with unprecedented analysis that cleantech, as
  • an emerging asset category, will play a significant role in the next and necessary wave of
  • venture-backed innovation, while suggesting that the sector can deliver superior returns
  • for investors,” said Nicholas Parker, co-founder and chairman of the Cleantech Venture
  • Network. “Additionally the results offer investors and entrepreneurs evidence that
  • privately and publicly held cleantech companies have been able to achieve strong and
  • sustainable financial performance.”
  •  
  • Introduced for the first time within “Cleantech Venture Investment – Patterns and
  • Performance” is the Vortex-Cleantech Index (“VCI”), based on a collection of 182 UStraded
  • cleantech stocks with a combined market cap of nearly $100 billion. From June
  • 1994 to May 2004, the Vortex-Cleantech Index (+267%) outpaced both the NASDAQ
  • (+181%) and the Russell 2000 (+146%).
  •  
  • “Cleantech Venture Investment – Patterns and Performance,” includes the following
  • data points:
  • o Median estimated IPO returns were about 5.3x on invested capital
  • o Trade sales returned a median 4.3x on invested capital
  • o A hypothetical portfolio of cleantech investments delivered an estimated IRR of
  • approximately 30%
  •  
  • “Cleantech Venture Investment – Patterns and Performance,” was authored by Jim
  • LoGerfo of Vortex Energy LLC and co-edited by Nicholas Parker of Cleantech Venture
  • Network LLC and Diana Propper de Callejon of Expansion Capital Partners. The report
  • was sponsored by CDP Capital, Cleantech Venture Network LLC, Enertech Capital,
  • Expansion Capital Partners, Rustic Canyon Ventures, Sustainable Asset Management,
  • Sustainable Development Technology Canada and Vortex Energy LLC.
  •  
  • Pricing and Availability
  • “Cleantech Venture Investment – Patterns and Performance” is available now from
  • Cleantech Venture Network LLC for $1995 ($1695 for Cleantech members) each
  • additional copy costs $995. Additional sales information can be found at
  • www.cleantech.com or by calling (+1) 517-223-9607.
  •  
  • About the Cleantech Venture Network, LLC
  • The Cleantech Venture Network LLC is an organization that connects venture, corporate
  • and institutional investors with “clean technology” entrepreneurs through related
  • information products, online services and the Cleantech Venture Forum series of events.
  • We serve over 500 affiliate investor member firms worldwide. We have tracked more
  • than $3 billion invested in cleantech ventures since 2002, of which nearly $275 million
  • has been raised by Forum-presenting companies. Further information can be found at
  • www.cleantech.com or by calling (+1) 517-223-9607.
  •  
  • Cleantech Venture Network invites companies and investors engaged in commercializing
  • or investing in clean technologies to apply for membership as a Company or Investor.
  • For details, contact Lauren Bigelow at lauren@cleantechventure.com.