BRADENTON, Fla.–(BUSINESS WIRE)–
The executive leadership of First Titan Corp. (OTCBB: FTTN.OB – News) will seek out lucrative new business opportunities at the National Investment Banking Association (NIBA) Conference this week in New Orleans.
The conference will provide a forum for emerging companies seeking financing or exposure to present their story to venture capitalists, early-stage investors and industry leaders. The organization’s 121st conference, it is planned to be a comprehensive showcase of cutting-edge, innovative entrepreneurs and businesses from across the country, including up-and-comers in the energy sector.
First Titan is in search of potentially lucrative new partnerships, joint venture candidates and possible acquisitions that will increase the company’s developing foothold in the energy industry. The NIBA Conference will offer a prime opportunity for the company to network with rising stars in need of assistance in funding, marketing and distributing their projects.
The conference runs Thursday through Friday at the Le Pavillon hotel.
For more information on FTTN’s energy exploration initiative, please visit www.firsttitanenergy.com/investors.
First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
http://tourism9.cm/ http://vkins.com/
2012年2月21日星期二
ICC CabCom approves four ODA projects on road improvement and transportation
A February 21, 2012 press release from the National Economic and Development Authority
The Investment Coordination Committee-Cabinet Committee (ICC-CabCom) of the National Economic and Development Authority (NEDA) Board recently approved four road and transportation projects that will be funded through Official Development Assistance (ODA) from the country’s development partners.
First of these projects is the Baler-Casiguran Road Improvement Project that seeks to improve road access within the province of Aurora. The project involves completion of the road’s remaining 50.95 kilometers unpaved road out of the 116.37-kilometer Baler-Casiguran Road section.
“This road improvement project will also ensure interregional connectivity between Region II and III, promote tourism, and facilitate trading, commerce, and delivery of local farm products within Aurora and to major market areas in Luzon,” said Socioeconomic Planning Secretary Cayetano W. Paderanga Jr.
The road completion will link the following municipalities of Aurora: Dilasag, Casiguran, Dinalungan, Dipaculao, Ma. Aurora, Baler, and San Luis. This will also connect Cagayan Valley road, Quirino, and Isabela to the province of Aurora through the existing Dinadiawan-Maddela-Cordon interprovincial road.
The project, which the Department of Public Works and Highways (DPWH) spearheads, is being proposed for loan financing from the Korea Economic and Development Cooperation Fund (EDCF).
The second project approved by the ICC CabCom is the Samar Pacific Coastal Road, which will link the coastal towns of Northern and Eastern Samar and complements and completes the circumferential road loop for the province. The DPWH-proposed project has a total length of 27.75 kilometers.
“The Samar Pacific Coastal Road project will enhance the development of potential agricultural lands and fishing grounds of Northern and Eastern Samar and facilitate movement of goods and services through access to major arterial road links. This will push the area’s full economic potential and reduce its high poverty incidence,” Paderanga said.
The project, which is part of DPWH’s updated Public Investment Program (PIP) and the Comprehensive and Integrated Infrastructure Program (CIIP), will also be financed through Korea EDCF loan.
The third ICC CabCom-approved project is the Bridge Construction Project for Expanded Agrarian Reform Communities (ARC) Development-Umiray Bridge, under the Department of Agrarian Reform (DAR). It covers construction of a 358-lineal meter bridge that will cross the Umiray River along the boundaries of Dingalan, Aurora and General Nakar, Quezon.
“The bridge will provide infrastructure support to agrarian reform beneficiaries and communities to help uplift their living conditions especially those in eleven barangays of Dingalan, Aurora and nineteen barangays General Nakar, Quezon,” said Paderanga.
The bridge project costs a total of P798.56 million, which will be implemented through grant assistance from the Japan International Cooperation Agency (JICA). It is one of the two bridges, along with the Bazal Bridge, under the Bridge Construction Project for Expanded ARC Development.
The fourth approved project is the Market Transformation through Introduction of Energy Efficiency Tricycle (E-Trike) Project, which will make 100,000 electricity-run tricycles to replace aging and two-stroke gasoline-fed units. The E-Trike project targets local government units (LGUs) of Metro Manila, Boracay in Aklan, Puerto Princesa City in Palawan, Cabanatuan City in Nueva Ecija and Davao City.
“The Philippines would benefit in the utilization of electric vehicles to reduce the country’s dependence on price-volatile petroleum fuels. It will also reduce the carbon footprint of the transport sector in Metro Manila and LGUs in the country,” he said. Carbon footprint is a measurement of the amount of greenhouse gases produced daily by individuals through burning fossil fuels for electricity, heating, and transportation, et cetera.
The E-Trike project, spearheaded by the Department of Energy (DOE), has an approved cost of P21.50 million that will be partially funded by the Asian Development Bank (ADB).
The ICC CabCom’s approval of the four ODA projects will be endorsed to the NEDA Board for its confirmation.
The NEDA Board, chaired by President Benigno S. Aquino III, is the country’s highest development planning and policy coordinating body. It is composed of various Cabinet Secretaries, the President of the Union of Local Authorities of the Philippines (ULAP), the Governor of the Autonomous Region in Muslim Mindanao (ARMM) and the Deputy Governor of the Bangko Sentral ng Pilipinas (BSP).
The ICC, which is one of the seven interagency committees of the NEDA Board, evaluates the fiscal, monetary and balance-of-payments implications of major national projects. The ICC’s powers and functions reside in its CabCom, which is headed by the Secretary of Finance. The ICC is supported by an interagency Technical Board, with NEDA as ICC Secretariat.
neda.gov.ph
The Investment Coordination Committee-Cabinet Committee (ICC-CabCom) of the National Economic and Development Authority (NEDA) Board recently approved four road and transportation projects that will be funded through Official Development Assistance (ODA) from the country’s development partners.
First of these projects is the Baler-Casiguran Road Improvement Project that seeks to improve road access within the province of Aurora. The project involves completion of the road’s remaining 50.95 kilometers unpaved road out of the 116.37-kilometer Baler-Casiguran Road section.
“This road improvement project will also ensure interregional connectivity between Region II and III, promote tourism, and facilitate trading, commerce, and delivery of local farm products within Aurora and to major market areas in Luzon,” said Socioeconomic Planning Secretary Cayetano W. Paderanga Jr.
The road completion will link the following municipalities of Aurora: Dilasag, Casiguran, Dinalungan, Dipaculao, Ma. Aurora, Baler, and San Luis. This will also connect Cagayan Valley road, Quirino, and Isabela to the province of Aurora through the existing Dinadiawan-Maddela-Cordon interprovincial road.
The project, which the Department of Public Works and Highways (DPWH) spearheads, is being proposed for loan financing from the Korea Economic and Development Cooperation Fund (EDCF).
The second project approved by the ICC CabCom is the Samar Pacific Coastal Road, which will link the coastal towns of Northern and Eastern Samar and complements and completes the circumferential road loop for the province. The DPWH-proposed project has a total length of 27.75 kilometers.
“The Samar Pacific Coastal Road project will enhance the development of potential agricultural lands and fishing grounds of Northern and Eastern Samar and facilitate movement of goods and services through access to major arterial road links. This will push the area’s full economic potential and reduce its high poverty incidence,” Paderanga said.
The project, which is part of DPWH’s updated Public Investment Program (PIP) and the Comprehensive and Integrated Infrastructure Program (CIIP), will also be financed through Korea EDCF loan.
The third ICC CabCom-approved project is the Bridge Construction Project for Expanded Agrarian Reform Communities (ARC) Development-Umiray Bridge, under the Department of Agrarian Reform (DAR). It covers construction of a 358-lineal meter bridge that will cross the Umiray River along the boundaries of Dingalan, Aurora and General Nakar, Quezon.
“The bridge will provide infrastructure support to agrarian reform beneficiaries and communities to help uplift their living conditions especially those in eleven barangays of Dingalan, Aurora and nineteen barangays General Nakar, Quezon,” said Paderanga.
The bridge project costs a total of P798.56 million, which will be implemented through grant assistance from the Japan International Cooperation Agency (JICA). It is one of the two bridges, along with the Bazal Bridge, under the Bridge Construction Project for Expanded ARC Development.
The fourth approved project is the Market Transformation through Introduction of Energy Efficiency Tricycle (E-Trike) Project, which will make 100,000 electricity-run tricycles to replace aging and two-stroke gasoline-fed units. The E-Trike project targets local government units (LGUs) of Metro Manila, Boracay in Aklan, Puerto Princesa City in Palawan, Cabanatuan City in Nueva Ecija and Davao City.
“The Philippines would benefit in the utilization of electric vehicles to reduce the country’s dependence on price-volatile petroleum fuels. It will also reduce the carbon footprint of the transport sector in Metro Manila and LGUs in the country,” he said. Carbon footprint is a measurement of the amount of greenhouse gases produced daily by individuals through burning fossil fuels for electricity, heating, and transportation, et cetera.
The E-Trike project, spearheaded by the Department of Energy (DOE), has an approved cost of P21.50 million that will be partially funded by the Asian Development Bank (ADB).
The ICC CabCom’s approval of the four ODA projects will be endorsed to the NEDA Board for its confirmation.
The NEDA Board, chaired by President Benigno S. Aquino III, is the country’s highest development planning and policy coordinating body. It is composed of various Cabinet Secretaries, the President of the Union of Local Authorities of the Philippines (ULAP), the Governor of the Autonomous Region in Muslim Mindanao (ARMM) and the Deputy Governor of the Bangko Sentral ng Pilipinas (BSP).
The ICC, which is one of the seven interagency committees of the NEDA Board, evaluates the fiscal, monetary and balance-of-payments implications of major national projects. The ICC’s powers and functions reside in its CabCom, which is headed by the Secretary of Finance. The ICC is supported by an interagency Technical Board, with NEDA as ICC Secretariat.
neda.gov.ph
2012年2月17日星期五
SRS Sponsors New Whitepaper: “Energy Efficiency Retrofit Financing Options for the Commercial Real Estate Industry”
TRUMBULL, Conn.–(BUSINESS WIRE)–
Sustainable Real Estate Solutions, Inc. (SRS), the industry leader in on-demand building energy assessment and proprietary benchmarking software, today announced it is sponsoring a new whitepaper: Energy Efficiency Retrofit Financing Options for the Commercial Real Estate Industry. Published by Building Energy Performance Assessment News (BEPAnews), this new report is the seventh in its Critical Issues Series and is available at no cost.
The paper discusses innovative, “market ready” financing mechanisms that are supported by new tools that significantly reduce the financial underwriting risk. It also describes how these solutions solve the underwriting issues that have delayed large scale market adoption of commercial property energy efficiency investment. (download paper)
“SRS is proud to sponsor this research paper that provides commercial building stakeholders with the insight needed to accelerate energy efficiency retrofits and unlock the full-potential to monetize energy savings opportunities, noted Brian McCarter, SRS CEO. He added, “these new best practices have overcome most if not all the technical and financial underwriting obstacles thereby allowing building owners to obtain attractive financing for energy efficiency projects. Furthermore, these recent developments will enable energy retrofit financing to become a mainstream financial asset class with a high degree of standardization, predictability and scale.”
About Sustainable Real Estate Solutions, Inc. (SRS)
SRS, an industry leader in on-demand building energy assessment and proprietary benchmarking software, delivers Sustainable Real Estate Manager® an Internet-based software-as-a-service (SaaS) workflow platform enabling building stakeholders to assess, benchmark and optimize the energy and sustainability performance of their properties. Its Peer Building Benchmarking™ database contains over 120,000 buildings nationwide encompassing 15 property types comprising 3.3 billion square feet, over $7.8 billion in annual energy costs and $635 million in annual water/sewer costs and has reinvented commercial real estate’s energy efficiency benchmarking best practice. For more information, visit www.SRMnetwork.com.
http://tourism9.cm/ http://vkins.com/
Sustainable Real Estate Solutions, Inc. (SRS), the industry leader in on-demand building energy assessment and proprietary benchmarking software, today announced it is sponsoring a new whitepaper: Energy Efficiency Retrofit Financing Options for the Commercial Real Estate Industry. Published by Building Energy Performance Assessment News (BEPAnews), this new report is the seventh in its Critical Issues Series and is available at no cost.
The paper discusses innovative, “market ready” financing mechanisms that are supported by new tools that significantly reduce the financial underwriting risk. It also describes how these solutions solve the underwriting issues that have delayed large scale market adoption of commercial property energy efficiency investment. (download paper)
“SRS is proud to sponsor this research paper that provides commercial building stakeholders with the insight needed to accelerate energy efficiency retrofits and unlock the full-potential to monetize energy savings opportunities, noted Brian McCarter, SRS CEO. He added, “these new best practices have overcome most if not all the technical and financial underwriting obstacles thereby allowing building owners to obtain attractive financing for energy efficiency projects. Furthermore, these recent developments will enable energy retrofit financing to become a mainstream financial asset class with a high degree of standardization, predictability and scale.”
About Sustainable Real Estate Solutions, Inc. (SRS)
SRS, an industry leader in on-demand building energy assessment and proprietary benchmarking software, delivers Sustainable Real Estate Manager® an Internet-based software-as-a-service (SaaS) workflow platform enabling building stakeholders to assess, benchmark and optimize the energy and sustainability performance of their properties. Its Peer Building Benchmarking™ database contains over 120,000 buildings nationwide encompassing 15 property types comprising 3.3 billion square feet, over $7.8 billion in annual energy costs and $635 million in annual water/sewer costs and has reinvented commercial real estate’s energy efficiency benchmarking best practice. For more information, visit www.SRMnetwork.com.
http://tourism9.cm/ http://vkins.com/
2012年2月14日星期二
Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
NEW YORK, Feb. 14, 2012 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:
Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
http://www.reportlinker.com/p0369454/Nuclear-Energy-Quarterly-Deals-Analysis—MA-and-Investment-Trends-Q4-2011.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Nuclear_energy
Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
SummaryGlobalData’s “Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011″ report is an essential source of data and trend analysis on Mergers and Acquisitions (M&As) and financings in the nuclear energy market. The report provides detailed information on M&As, equity and debt offerings, private equity and venture capital (PE/VC) and partnership transactions recorded in the nuclear energy industry in Q4 2011. The report provides detailed comparative data on the number of deals and their value in the last five quarters, categorized by deal types, segments and geographies. The report also provides information on the top advisory firms in the nuclear energy industry.
Data presented in this report is derived from GlobalData’s proprietary in-house Nuclear Energy eTrack deals database and primary and secondary research.
Scope
- Analyze market trends for the nuclear energy market in the global arena- Review of deal trends in uranium mining & processing, equipment and services, and power generation markets- Analysis of M&A, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships in the nuclear energy industry-
Summary
of nuclear energy deals globally in the last five quarters- Information on top deals happened in the nuclear energy industry- Geographies covered include – North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa- League Tables of financial advisors in M&A and equity/debt offerings. This includes key advisors such as Morgan Stanley, Credit Suisse, and Goldman Sachs
Reasons to buy
- Enhance your decision making capability in a more rapid and time sensitive manner- Find out the major deal performing segments for investments in your industry- Evaluate type of companies divesting / acquiring and ways to raise capital in the market- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the nuclear energy market- Identify major private equity/venture capital firms that are providing finance in the nuclear energy market- Identify growth segments and opportunities in each region within the industry- Look for key financial advisors where you are planning to raise capital from the market or for acquisitions within the industry- Identify top deals makers in the nuclear energy market1 Table of contents1 Table of contents 21.1 List of Tables 31.2 List of Figures 42 Nuclear Energy Industry, Global, Deals Summary 52.1 Nuclear Energy Industry, Global, Deals Analysis, Q4 2011 52.2 Nuclear Energy Industry, Global, Number of Deals by Type, Q4 2011 72.3 Nuclear Energy Industry, Global, Top Deals, Q4 2011 83 Nuclear Energy Industry, Global, Top Deal Makers, Q4 2011 94 Nuclear Energy Industry, Global, Deals Summary, by Type 104.1 Nuclear Energy Industry, Global, Mergers and Acquisitions, Q4 2011 104.1.1 Top M&As in Q4 2011 114.2 Nuclear Energy Industry, Global, Asset Transactions, Q4 2011 124.2.1 Top Asset Transactions in Q4 2011 134.3 Nuclear Energy Industry, Global, Equity Offerings, Q4 2011 144.3.1 Top Equity Offerings in Q4 2011 154.4 Nuclear Energy Industry, Global, Debt Offerings, Q4 2011 164.4.1 Top Debt Offerings in Q4 2011 174.5 Nuclear Energy Industry, Global, Partnerships, Q4 2011 184.5.1 Partnership Deals in Q4 2011 195 Nuclear Energy Industry, Global, Deals Summary, by Sector 205.1 Nuclear Energy Industry, Global, Uranium Mining and Processing Deals, Q4 2011 205.1.1 Uranium Mining and Processing – Deals of the Quarter 215.2 Nuclear Energy Industry, Global, Power Generation Deals, Q4 2011 225.2.1 Power Generation – Deals of the Quarter 235.3 Nuclear Energy Industry, Global, Equipment and Services Deals, Q4 2011 245.3.1 Equipment and Services – Deals of the Quarter 256 Nuclear Energy Industry, Deal Summary, by Geography 266.1 Nuclear Energy Industry, North America Deals, Q4 2011 266.1.1 North America – Deals of the Quarter 276.2 Nuclear Energy Industry, Europe Deals, Q4 2011 286.2.1 Europe – Deals of the Quarter 296.3 Nuclear Energy Industry, Asia-Pacific Deals, Q4 2011 306.3.1 Asia-Pacific – Deals of the Quarter 316.4 Nuclear Energy Industry, Rest of the World Deals, Q4 2011 326.4.1 Rest of the World – Deals of the Quarter 337 Nuclear Energy Industry, Global, Top Advisors 347.1 Nuclear Energy Industry, Global, Top Financial Advisors, M&A, Q1 2011-Q4 2011 347.2 Nuclear Energy Industry, Global, Top Financial Advisors, Equity Offerings, Q1 2011-Q4 2011 357.3 Nuclear Energy Industry, Global, Top Financial Advisors, Debt Offerings, Q1 2011-Q4 2011 368 Further Information 378.1 Methodology 378.2 About GlobalData 378.3 Contact Us 388.4 Disclosure information 388.5 Disclaimer 38
List of Tables
Table 1: Nuclear Energy Industry, Global, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 6Table 2: Nuclear Energy Industry, Global, Deals by Type, Number and %, Q4 2011 7Table 3: Nuclear Energy Industry, Global, Top Deals, Q4 2011 8Table 4: Nuclear Energy Industry, Global, Top Deal Makers, Number of Deals and Deal Value (US$m), Q4 2011 9Table 5: Nuclear Energy Industry, Global, Mergers and Acquisitions, Deal Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 10Table 6: Nuclear Energy Industry, Global, Top M&As, Q4 2011 11Table 7: Nuclear Energy Industry, Global, Asset Transactions, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 12Table 8: Nuclear Energy Industry, Global, Top Asset Transactions, Q4 2011 13Table 9: Nuclear Energy Industry, Global, Equity Offerings, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 14Table 10: Nuclear Energy Industry, Global, Top Equity Offerings, Q4 2011 15Table 11: Nuclear Energy Industry, Global, Debt Offerings, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 16Table 12: Nuclear Energy Industry, Global, Top Debt Offerings, Q4 2011 17Table 13: Nuclear Energy Industry, Global, Partnerships, Deals Summary, Number of Deals, Q4 2010-Q4 2011 18Table 14: Nuclear Energy Industry, Global, Uranium Mining and Processing Segment, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 21Table 15: Nuclear Energy Industry, Global, Power Generation Segment, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 22Table 16: Nuclear Energy Industry, Global, Equipment and Services Segment, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 24Table 17: Nuclear Energy Industry, North America, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 27Table 18: Nuclear Energy Industry, Europe, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 28Table 19: Nuclear Energy Industry, Asia-Pacific, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 30Table 20: Nuclear Energy Industry, Rest of the World, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 32Table 21: Nuclear Energy Industry, Global, Top Financial Advisors, Mergers and Acquisitions, Number of Deals and Deal Value (US$m), Q1 2010-Q4 2011 34Table 22: Nuclear Energy Industry, Global, Top Financial Advisors, Equity Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 35Table 23: Nuclear Energy Industry, Global Top Financial Advisors, Debt Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 36
List of Figures
Figure 1: Nuclear Energy Industry, Global, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 5Figure 2: Nuclear Energy Industry, Global, Number of Deals by Type (%), Q4 2011 7Figure 3: Nuclear Energy Industry, Global, Mergers and Acquisitions, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 10Figure 4: Nuclear Energy Industry, Global, Asset Transactions, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 12Figure 5: Nuclear Energy Industry, Global, Equity Offerings, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 14Figure 6: Nuclear Energy Industry, Global, Debt Offerings, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 16Figure 7: Nuclear Energy Industry, Global, Partnerships, Number of Deals, Q4 2010-Q4 2011 18Figure 8: Nuclear Energy Industry, Global, Uranium Mining and Processing Segment, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 20Figure 9: Nuclear Energy Industry, Global, Power Generation Segment, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 22Figure 10: Nuclear Energy Industry, Global, Equipment and Services Segment, Number of Deals and Deal Values (US$m), Q4 2010-Q4 2011 24Figure 11: Nuclear Energy Industry, North America, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 26Figure 12: Nuclear Energy Industry, Europe, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 28Figure 13: Nuclear Energy Industry, Asia-Pacific, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 30Figure 14: Nuclear Energy Industry, Rest of the World, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 32Figure 15: Nuclear Energy Industry, Global, Top Financial Advisors, Mergers and Acquisitions, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 34Figure 16: Nuclear Energy Industry, Global, Top Financial Advisors, Equity Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 35Figure 17: Nuclear Energy Industry, Global, Top Financial Advisors, Debt Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 36
To order this report:Nuclear energy Industry: Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
More
Market Research Report
Check our
Industry Analysis and Insights
CONTACT
Nicolas Bombourg
Reportlinker
Email: nbo@reportlinker.com
US: (805)652-2626
Intl: +1 805-652-2626
http://tourism9.com/ http://vkins.com/
Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
http://www.reportlinker.com/p0369454/Nuclear-Energy-Quarterly-Deals-Analysis—MA-and-Investment-Trends-Q4-2011.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Nuclear_energy
Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
SummaryGlobalData’s “Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011″ report is an essential source of data and trend analysis on Mergers and Acquisitions (M&As) and financings in the nuclear energy market. The report provides detailed information on M&As, equity and debt offerings, private equity and venture capital (PE/VC) and partnership transactions recorded in the nuclear energy industry in Q4 2011. The report provides detailed comparative data on the number of deals and their value in the last five quarters, categorized by deal types, segments and geographies. The report also provides information on the top advisory firms in the nuclear energy industry.
Data presented in this report is derived from GlobalData’s proprietary in-house Nuclear Energy eTrack deals database and primary and secondary research.
Scope
- Analyze market trends for the nuclear energy market in the global arena- Review of deal trends in uranium mining & processing, equipment and services, and power generation markets- Analysis of M&A, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships in the nuclear energy industry-
Summary
of nuclear energy deals globally in the last five quarters- Information on top deals happened in the nuclear energy industry- Geographies covered include – North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa- League Tables of financial advisors in M&A and equity/debt offerings. This includes key advisors such as Morgan Stanley, Credit Suisse, and Goldman Sachs
Reasons to buy
- Enhance your decision making capability in a more rapid and time sensitive manner- Find out the major deal performing segments for investments in your industry- Evaluate type of companies divesting / acquiring and ways to raise capital in the market- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the nuclear energy market- Identify major private equity/venture capital firms that are providing finance in the nuclear energy market- Identify growth segments and opportunities in each region within the industry- Look for key financial advisors where you are planning to raise capital from the market or for acquisitions within the industry- Identify top deals makers in the nuclear energy market1 Table of contents1 Table of contents 21.1 List of Tables 31.2 List of Figures 42 Nuclear Energy Industry, Global, Deals Summary 52.1 Nuclear Energy Industry, Global, Deals Analysis, Q4 2011 52.2 Nuclear Energy Industry, Global, Number of Deals by Type, Q4 2011 72.3 Nuclear Energy Industry, Global, Top Deals, Q4 2011 83 Nuclear Energy Industry, Global, Top Deal Makers, Q4 2011 94 Nuclear Energy Industry, Global, Deals Summary, by Type 104.1 Nuclear Energy Industry, Global, Mergers and Acquisitions, Q4 2011 104.1.1 Top M&As in Q4 2011 114.2 Nuclear Energy Industry, Global, Asset Transactions, Q4 2011 124.2.1 Top Asset Transactions in Q4 2011 134.3 Nuclear Energy Industry, Global, Equity Offerings, Q4 2011 144.3.1 Top Equity Offerings in Q4 2011 154.4 Nuclear Energy Industry, Global, Debt Offerings, Q4 2011 164.4.1 Top Debt Offerings in Q4 2011 174.5 Nuclear Energy Industry, Global, Partnerships, Q4 2011 184.5.1 Partnership Deals in Q4 2011 195 Nuclear Energy Industry, Global, Deals Summary, by Sector 205.1 Nuclear Energy Industry, Global, Uranium Mining and Processing Deals, Q4 2011 205.1.1 Uranium Mining and Processing – Deals of the Quarter 215.2 Nuclear Energy Industry, Global, Power Generation Deals, Q4 2011 225.2.1 Power Generation – Deals of the Quarter 235.3 Nuclear Energy Industry, Global, Equipment and Services Deals, Q4 2011 245.3.1 Equipment and Services – Deals of the Quarter 256 Nuclear Energy Industry, Deal Summary, by Geography 266.1 Nuclear Energy Industry, North America Deals, Q4 2011 266.1.1 North America – Deals of the Quarter 276.2 Nuclear Energy Industry, Europe Deals, Q4 2011 286.2.1 Europe – Deals of the Quarter 296.3 Nuclear Energy Industry, Asia-Pacific Deals, Q4 2011 306.3.1 Asia-Pacific – Deals of the Quarter 316.4 Nuclear Energy Industry, Rest of the World Deals, Q4 2011 326.4.1 Rest of the World – Deals of the Quarter 337 Nuclear Energy Industry, Global, Top Advisors 347.1 Nuclear Energy Industry, Global, Top Financial Advisors, M&A, Q1 2011-Q4 2011 347.2 Nuclear Energy Industry, Global, Top Financial Advisors, Equity Offerings, Q1 2011-Q4 2011 357.3 Nuclear Energy Industry, Global, Top Financial Advisors, Debt Offerings, Q1 2011-Q4 2011 368 Further Information 378.1 Methodology 378.2 About GlobalData 378.3 Contact Us 388.4 Disclosure information 388.5 Disclaimer 38
List of Tables
Table 1: Nuclear Energy Industry, Global, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 6Table 2: Nuclear Energy Industry, Global, Deals by Type, Number and %, Q4 2011 7Table 3: Nuclear Energy Industry, Global, Top Deals, Q4 2011 8Table 4: Nuclear Energy Industry, Global, Top Deal Makers, Number of Deals and Deal Value (US$m), Q4 2011 9Table 5: Nuclear Energy Industry, Global, Mergers and Acquisitions, Deal Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 10Table 6: Nuclear Energy Industry, Global, Top M&As, Q4 2011 11Table 7: Nuclear Energy Industry, Global, Asset Transactions, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 12Table 8: Nuclear Energy Industry, Global, Top Asset Transactions, Q4 2011 13Table 9: Nuclear Energy Industry, Global, Equity Offerings, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 14Table 10: Nuclear Energy Industry, Global, Top Equity Offerings, Q4 2011 15Table 11: Nuclear Energy Industry, Global, Debt Offerings, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 16Table 12: Nuclear Energy Industry, Global, Top Debt Offerings, Q4 2011 17Table 13: Nuclear Energy Industry, Global, Partnerships, Deals Summary, Number of Deals, Q4 2010-Q4 2011 18Table 14: Nuclear Energy Industry, Global, Uranium Mining and Processing Segment, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 21Table 15: Nuclear Energy Industry, Global, Power Generation Segment, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 22Table 16: Nuclear Energy Industry, Global, Equipment and Services Segment, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 24Table 17: Nuclear Energy Industry, North America, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 27Table 18: Nuclear Energy Industry, Europe, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 28Table 19: Nuclear Energy Industry, Asia-Pacific, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 30Table 20: Nuclear Energy Industry, Rest of the World, Deals Summary, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 32Table 21: Nuclear Energy Industry, Global, Top Financial Advisors, Mergers and Acquisitions, Number of Deals and Deal Value (US$m), Q1 2010-Q4 2011 34Table 22: Nuclear Energy Industry, Global, Top Financial Advisors, Equity Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 35Table 23: Nuclear Energy Industry, Global Top Financial Advisors, Debt Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 36
List of Figures
Figure 1: Nuclear Energy Industry, Global, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 5Figure 2: Nuclear Energy Industry, Global, Number of Deals by Type (%), Q4 2011 7Figure 3: Nuclear Energy Industry, Global, Mergers and Acquisitions, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 10Figure 4: Nuclear Energy Industry, Global, Asset Transactions, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 12Figure 5: Nuclear Energy Industry, Global, Equity Offerings, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 14Figure 6: Nuclear Energy Industry, Global, Debt Offerings, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 16Figure 7: Nuclear Energy Industry, Global, Partnerships, Number of Deals, Q4 2010-Q4 2011 18Figure 8: Nuclear Energy Industry, Global, Uranium Mining and Processing Segment, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 20Figure 9: Nuclear Energy Industry, Global, Power Generation Segment, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 22Figure 10: Nuclear Energy Industry, Global, Equipment and Services Segment, Number of Deals and Deal Values (US$m), Q4 2010-Q4 2011 24Figure 11: Nuclear Energy Industry, North America, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 26Figure 12: Nuclear Energy Industry, Europe, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 28Figure 13: Nuclear Energy Industry, Asia-Pacific, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 30Figure 14: Nuclear Energy Industry, Rest of the World, Number of Deals and Deal Value (US$m), Q4 2010-Q4 2011 32Figure 15: Nuclear Energy Industry, Global, Top Financial Advisors, Mergers and Acquisitions, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 34Figure 16: Nuclear Energy Industry, Global, Top Financial Advisors, Equity Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 35Figure 17: Nuclear Energy Industry, Global, Top Financial Advisors, Debt Offerings, Number of Deals and Deal Value (US$m), Q1 2011-Q4 2011 36
To order this report:Nuclear energy Industry: Nuclear Energy Quarterly Deals Analysis – M&A and Investment Trends, Q4 2011
More
Market Research Report
Check our
Industry Analysis and Insights
CONTACT
Nicolas Bombourg
Reportlinker
Email: nbo@reportlinker.com
US: (805)652-2626
Intl: +1 805-652-2626
http://tourism9.com/ http://vkins.com/
2012年2月10日星期五
Concord-Based SpaceClaim Claims $4M – cbl
More Topics:
Posted February 9, 2012
Chris RandlesBy Richard Rabicoff
CONCORD — Space Claim Corp., a 3D modeling company, completed a $4 million equity offering, with 12 investors participating.
Earlier this week, the company announced that it completed a Series D financing of $11 million, to fund investment in R&D and expansion of global sales channels. Investors included North Bridge Venture Partners, Kodiak Venture Partners, Borealis Ventures, and Needham Capital. Those investors had earlier poured about $19 million in SpaceClaim.
Named in the related SEC filing are president and CEO Chris Randles, CFO and vice president of Finance and Operations Gregory Stott, and directors Richard D’Amore from Waltham-based North Bridge Venture Partners; Richard Riff from Ford Motor Company; Lou Volpe from Waltham-based Kodiak Venture Partners; Michael Payne, SpaceClaim founder; Jesse Devitte from Hanover, N.H.-based Borealis Ventures; and Bharatan Patel from Lebanon, N.H.-based Fluent Inc.
Randles was most recently Entrepreneur-in-Residence at Borealis Ventures. Prior to Borealis, he led the management buyout of Mathsoft and served as its chairman, president and CEO until the company was acquired by PTC (Parametric Technology Corporation). Randles holds Bachelor’s and Master’s degrees from the University of Oxford, England.
Founded in 2005, SpaceClaim creates 3D solid models to enable engineers and industrial designers the ability to capture ideas, directly edit solid models regardless of their origin, and simplify designs in 3D for analysis, prototyping, and manufacturing.
Customers include Toyota Motor Corporation, Nokia Siemens Networks, Bosch, TE Connectivity, BorgWarner, Medtronic, Lotus Cars, Sharp, Ford Motor Company, LG Electronics, Eaton, K2 Medical Systems, FuelCell Energy, Emhart Glass, GE Aviation, Carl Zeiss, General Dynamics, and the U.S. Navy.
The company recently announced that its new license sales increased by more than 110 percent in 2011 and that it has more than doubled its number of resellers.
SEC filing: http://tinyurl.com/7d5kq5w
Also at citybizlist, see:
SpaceClaim Stakes Claim to $7M – cbl
blog comments powered by
http://tourism9.com/ http://vkins.com/
Posted February 9, 2012
Chris RandlesCONCORD — Space Claim Corp., a 3D modeling company, completed a $4 million equity offering, with 12 investors participating.
Earlier this week, the company announced that it completed a Series D financing of $11 million, to fund investment in R&D and expansion of global sales channels. Investors included North Bridge Venture Partners, Kodiak Venture Partners, Borealis Ventures, and Needham Capital. Those investors had earlier poured about $19 million in SpaceClaim.
Named in the related SEC filing are president and CEO Chris Randles, CFO and vice president of Finance and Operations Gregory Stott, and directors Richard D’Amore from Waltham-based North Bridge Venture Partners; Richard Riff from Ford Motor Company; Lou Volpe from Waltham-based Kodiak Venture Partners; Michael Payne, SpaceClaim founder; Jesse Devitte from Hanover, N.H.-based Borealis Ventures; and Bharatan Patel from Lebanon, N.H.-based Fluent Inc.
Randles was most recently Entrepreneur-in-Residence at Borealis Ventures. Prior to Borealis, he led the management buyout of Mathsoft and served as its chairman, president and CEO until the company was acquired by PTC (Parametric Technology Corporation). Randles holds Bachelor’s and Master’s degrees from the University of Oxford, England.
Founded in 2005, SpaceClaim creates 3D solid models to enable engineers and industrial designers the ability to capture ideas, directly edit solid models regardless of their origin, and simplify designs in 3D for analysis, prototyping, and manufacturing.
Customers include Toyota Motor Corporation, Nokia Siemens Networks, Bosch, TE Connectivity, BorgWarner, Medtronic, Lotus Cars, Sharp, Ford Motor Company, LG Electronics, Eaton, K2 Medical Systems, FuelCell Energy, Emhart Glass, GE Aviation, Carl Zeiss, General Dynamics, and the U.S. Navy.
The company recently announced that its new license sales increased by more than 110 percent in 2011 and that it has more than doubled its number of resellers.
SEC filing: http://tinyurl.com/7d5kq5w
Also at citybizlist, see:
SpaceClaim Stakes Claim to $7M – cbl
To find out more about the company in this article and to see if you
have business connections, click below:
Please enable JavaScript to view the comments powered by Disqus.have business connections, click below:
blog comments powered by
http://tourism9.com/ http://vkins.com/
2012年2月1日星期三
2011 U.S. Venture Capital Investment in Cleantech Steady at $4.9 Billion Despite Tough Economy
BOSTON, Feb. 1, 2012 /PRNewswire/ – US venture capital (VC) investment in cleantech companies reached $4.9 billion in 2011, flat in terms of deals and down 4.5% in terms of capital invested compared to 2010, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. However, this represents a 29% increase from the $3.8 billion raised in 2009. In Q4 2011 VC investment in cleantech reached $940.5 million with 70 rounds of financing.
“Cleantech is still in the early stages of a long-term journey,” said Jay Spencer, Ernst & Young LLP’s Americas Cleantech Director. “We’ve reached a point where new products and services are ready to be launched, and as these products come to market, we’re seeing renewed interest, innovation and opportunity in cleantech.”
Energy/Electricity Generation segment leads annual growth
The Energy/Electricity Generation segment led investment in 2011 with $1.5 billion raised through a total of 71 rounds, representing a 5% decrease in dollars invested from 2010. The Solar sub-segment received the lion’s share of capital in Q4 2011 with $284.5 million, accounting for 91% of the sector’s total investment of $312.9 million. The top Solar deal for this quarter was completed by Stion Corp., a San Jose-based a manufacturer of high-efficiency, thin-film solar panels, which raised $130.0 million.
The Industry Products and Services segment completed 2011 with the second largest amount raised at $1.0 billion, down 34% from 2010. In Q4 2011, the segment raised $256.2 million, with strong support from the Transportation sub-segment, which raised $203.2 million or 79% of the Q4 2011 total, a 36% increase from the amount raised in Q4 2010. The largest deal was for the quarter was completed by Better Place, a Palo Alto-based provider of electric car networks, which raised $201.0 million.
The Energy Storage segment ranked third in terms of total amount invested in 2011, with $932.6 million through 28 deals representing a 253% increase from 2010 in dollars invested and a 47% increase in number of deals. In Q4 2011, the segment raised $35.0 million, all of which can be attributed to the Batteries sub-segment. With $30.0 million raised, VIA Motors Inc., a Utah-based electric vehicle development and manufacturing company, secured the largest battery transaction in Q4 2011.
Companies in the Energy Efficiency segment attracted $646.9 million in 2011, a 29% decrease from 2010. The segment, however, led both the year and quarter in rounds of financing with 78 deals and 21 deals respectively. Q4 2011 investments in this segment were led by the Energy Efficiency Products sub-segment with $57.5 million raised through 10 deals.
Revenue generating companies lead with investments received
Cleantech companies in the revenue generation stage of development accounted for 69% of dollars invested, up from 50% in 2010. Total dollars invested in companies at this stage of development reached $3.4 billion, a 31% annual increase.
Capital market activity
Growth in the US cleantech market in 2011 was supported by five cleantech IPOs – up from three in 2010. Three of the 2011 deals were completed by companies focused on biofuels: Solazyme Inc., Gevo Inc. and KiOR Inc. Two more IPOs were completed in Q4 2011, one by Intermolecular Inc., a San Jose-based research and development company for the semiconductor and clean energy sectors that raised $96.5 million, and another by Rentech Inc., a Los Angeles-based provider of clean energy solutions, that raised $136.8 million. A total of $688.3 million was raised through cleantech IPOs in 2011.
“There’s a strong appetite among cleantech companies to go public and we see tremendous opportunity as this industry continues to mature,” said Spencer. “The growing IPO pipeline shows viable, long-term potential.”
In terms of other capital market activity, there were 13 mergers and acquisitions (M&A) with a disclosed value of $150.5 million in Q4 2011, according to Bloomberg New Energy Finance. Total M&A activity in 2011 reached 79 deals with a total disclosed value of $2.8 billion.
Additionally, in Q4 2011, the US recorded 39 new–build clean energy asset financings with a total deal value of $1.8 billion, according to Bloomberg New Energy Finance. New-build asset financing in 2011 totaled $23.2 billion in 234 deals, of which the $2.5 billion financing of the 855MW NRG Energy Project Amp PV plant was the largest.
Corporate activity in solar and wind
Corporate activity was especially focused in two areas: solar and wind. In the solar market, Google Inc. and Kohlberg Kravis Roberts & Co. (KKR) invested $189.0 million in four California solar farms totaling 88 MW of capacity. The projects will be built by Recurrent Energy Inc., a unit of Sharp Corp. Additionally, NRG Energy Inc. acquired solar-power developer Solar Power Partners, deepening NRG’s involvement in the solar power market.
On the wind front, MidAmerican Energy bought 49% of the $1.8 billion 290 MW Agua Caliente project based in Yuma County, Arizona, which is being developed by NRG Energy. Duke Energy Corp. and American Transmission Co. bought a power line project to bring wind energy from Wyoming to the US Southwest. MidAmerican Energy acquired three wind power projects with a combined capacity of 404.8 MW in Iowa.
Cleantech partnerships across multiple segments
Vestas is teaming with IBM to improve return on wind power investment by using the IBM BigInsights analytics software and an IBM Firestorm supercomputer to increase energy output. Honeywell is teaming up with AliphaJet to boost the development and eventual commercialization of renewable jet fuels from plant and animal matter. Mascoma is teaming up with Valero Energy to develop its first commercial-scale cellulosic ethanol plant at an expected cost of $232.0 million.
Additionally, key players in the EV space are collaborating to expand the accessibility of EVs. Walmart will participate in ECOtality’s EV Project, which is tasked with overseeing the installation of 14,000 hosted charging stations at select stores in 18 metropolitan areas. ECOtality will integrate its Blink EV charging stations with Silver Spring Networks’ Smart Energy Platform to enable utilities to offer customers more EV charging options globally.
Regional highlights
California continues to lead national cleantech investment in 2011 with $2.8 billion raised. In Q4 2011 alone, California garnered 67% of all dollars with $629.5 million through 26 deals. Massachusetts raised the second highest level of annual investments with $465.1 million, a 63% increase from last year. Colorado had investments of $363.3 million throughout 2011, a 28% increase from 2010, making it the state with the third highest level of investments.
About Ernst & Young‘s Strategic Growth Markets Network
Ernst & Young’s worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we’ve helped many of the world’s most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It’s how Ernst & Young makes a difference.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.
Note to editors:Data analyzed in the press release encompasses equity financings–including cash investments by professional venture capital firms, corporations, other private equity firms, and individuals–into cleantech companies that have received at least one round of venture funding.
Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors:
Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance.
“Cleantech is still in the early stages of a long-term journey,” said Jay Spencer, Ernst & Young LLP’s Americas Cleantech Director. “We’ve reached a point where new products and services are ready to be launched, and as these products come to market, we’re seeing renewed interest, innovation and opportunity in cleantech.”
Energy/Electricity Generation segment leads annual growth
The Energy/Electricity Generation segment led investment in 2011 with $1.5 billion raised through a total of 71 rounds, representing a 5% decrease in dollars invested from 2010. The Solar sub-segment received the lion’s share of capital in Q4 2011 with $284.5 million, accounting for 91% of the sector’s total investment of $312.9 million. The top Solar deal for this quarter was completed by Stion Corp., a San Jose-based a manufacturer of high-efficiency, thin-film solar panels, which raised $130.0 million.
The Industry Products and Services segment completed 2011 with the second largest amount raised at $1.0 billion, down 34% from 2010. In Q4 2011, the segment raised $256.2 million, with strong support from the Transportation sub-segment, which raised $203.2 million or 79% of the Q4 2011 total, a 36% increase from the amount raised in Q4 2010. The largest deal was for the quarter was completed by Better Place, a Palo Alto-based provider of electric car networks, which raised $201.0 million.
The Energy Storage segment ranked third in terms of total amount invested in 2011, with $932.6 million through 28 deals representing a 253% increase from 2010 in dollars invested and a 47% increase in number of deals. In Q4 2011, the segment raised $35.0 million, all of which can be attributed to the Batteries sub-segment. With $30.0 million raised, VIA Motors Inc., a Utah-based electric vehicle development and manufacturing company, secured the largest battery transaction in Q4 2011.
Companies in the Energy Efficiency segment attracted $646.9 million in 2011, a 29% decrease from 2010. The segment, however, led both the year and quarter in rounds of financing with 78 deals and 21 deals respectively. Q4 2011 investments in this segment were led by the Energy Efficiency Products sub-segment with $57.5 million raised through 10 deals.
Revenue generating companies lead with investments received
Cleantech companies in the revenue generation stage of development accounted for 69% of dollars invested, up from 50% in 2010. Total dollars invested in companies at this stage of development reached $3.4 billion, a 31% annual increase.
Capital market activity
Growth in the US cleantech market in 2011 was supported by five cleantech IPOs – up from three in 2010. Three of the 2011 deals were completed by companies focused on biofuels: Solazyme Inc., Gevo Inc. and KiOR Inc. Two more IPOs were completed in Q4 2011, one by Intermolecular Inc., a San Jose-based research and development company for the semiconductor and clean energy sectors that raised $96.5 million, and another by Rentech Inc., a Los Angeles-based provider of clean energy solutions, that raised $136.8 million. A total of $688.3 million was raised through cleantech IPOs in 2011.
“There’s a strong appetite among cleantech companies to go public and we see tremendous opportunity as this industry continues to mature,” said Spencer. “The growing IPO pipeline shows viable, long-term potential.”
In terms of other capital market activity, there were 13 mergers and acquisitions (M&A) with a disclosed value of $150.5 million in Q4 2011, according to Bloomberg New Energy Finance. Total M&A activity in 2011 reached 79 deals with a total disclosed value of $2.8 billion.
Additionally, in Q4 2011, the US recorded 39 new–build clean energy asset financings with a total deal value of $1.8 billion, according to Bloomberg New Energy Finance. New-build asset financing in 2011 totaled $23.2 billion in 234 deals, of which the $2.5 billion financing of the 855MW NRG Energy Project Amp PV plant was the largest.
Corporate activity in solar and wind
Corporate activity was especially focused in two areas: solar and wind. In the solar market, Google Inc. and Kohlberg Kravis Roberts & Co. (KKR) invested $189.0 million in four California solar farms totaling 88 MW of capacity. The projects will be built by Recurrent Energy Inc., a unit of Sharp Corp. Additionally, NRG Energy Inc. acquired solar-power developer Solar Power Partners, deepening NRG’s involvement in the solar power market.
On the wind front, MidAmerican Energy bought 49% of the $1.8 billion 290 MW Agua Caliente project based in Yuma County, Arizona, which is being developed by NRG Energy. Duke Energy Corp. and American Transmission Co. bought a power line project to bring wind energy from Wyoming to the US Southwest. MidAmerican Energy acquired three wind power projects with a combined capacity of 404.8 MW in Iowa.
Cleantech partnerships across multiple segments
Vestas is teaming with IBM to improve return on wind power investment by using the IBM BigInsights analytics software and an IBM Firestorm supercomputer to increase energy output. Honeywell is teaming up with AliphaJet to boost the development and eventual commercialization of renewable jet fuels from plant and animal matter. Mascoma is teaming up with Valero Energy to develop its first commercial-scale cellulosic ethanol plant at an expected cost of $232.0 million.
Additionally, key players in the EV space are collaborating to expand the accessibility of EVs. Walmart will participate in ECOtality’s EV Project, which is tasked with overseeing the installation of 14,000 hosted charging stations at select stores in 18 metropolitan areas. ECOtality will integrate its Blink EV charging stations with Silver Spring Networks’ Smart Energy Platform to enable utilities to offer customers more EV charging options globally.
Regional highlights
California continues to lead national cleantech investment in 2011 with $2.8 billion raised. In Q4 2011 alone, California garnered 67% of all dollars with $629.5 million through 26 deals. Massachusetts raised the second highest level of annual investments with $465.1 million, a 63% increase from last year. Colorado had investments of $363.3 million throughout 2011, a 28% increase from 2010, making it the state with the third highest level of investments.
About Ernst & Young‘s Strategic Growth Markets Network
Ernst & Young’s worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we’ve helped many of the world’s most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It’s how Ernst & Young makes a difference.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.
Note to editors:Data analyzed in the press release encompasses equity financings–including cash investments by professional venture capital firms, corporations, other private equity firms, and individuals–into cleantech companies that have received at least one round of venture funding.
Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors:
Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance.
- Alternative Fuels – Biofuels, natural gas
- Energy / Electricity Generation – Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro
- Energy Storage – Batteries, fuel cells, flywheels
- Energy Efficiency – Energy efficiency products, power and efficiency management services, industrial products
- Water – Treatment processes, conservation & monitoring
- Environment – Air, recycling, waste
- Industry Focused Products and Services – Agriculture, construction, transportation, materials, consumer products
2012年1月30日星期一
Venture Capital Investment in Europe Fell 14% in 2011
LONDON, Jan. 30, 2012 /PRNewswire/ – Venture capitalists put euro 4.4 billion into 1,012 deals for European companies in 2011, a 14% decline in investment and 19% decline in deal flow from 2010, according to Dow Jones VentureSource. This marks the lowest annual deal count for Europe since VentureSource began tracking the region in 2000.
The fourth quarter was the weakest of the year in terms of deal activity as 194 deals collected euro 1.1 billion, a 43% drop in deals and 38% decline in investment over the same period in 2010. Weakness in the fourth quarter is notable as it is traditionally one of the most active quarters for deals.
“Venture capitalists are having difficulty raising funds as the Euro crisis weighs on limited partners’ minds and fewer companies are finding exits. This has naturally led to a slowdown in investment. With less capital flowing into venture firms, there’s less to invest in start-ups,” said Anthony Sheldon, research manager, Dow Jones VentureSource. The median size of a European venture capital deal was euro 2 million in 2011, on par with 2010.
Exits Mirror Fourth-Quarter Drop in Investment
The fourth quarter’s weakness in investments mirrored the exit environment. The fourth quarter of 2011 was the year’s weakest for mergers and acquisitions (M&As) and initial public offerings (IPOs) as 30 European venture-backed companies were acquired and two companies went public.
In all of 2011, 148 companies exited via an M&A, raising euro 7 billion, a 12% decline in deals and 7% increase in capital raised. Companies that got acquired, however, recorded the highest median raised on record. The median paid for an acquisition in 2011 was euro 5.1 million.
In all of 2011, 14 venture-backed companies went public, raising euro 695 million, a drop in IPOs but an increase in capital raised from 2010 when 18 IPOs raised euro 438 million.
As VCs Focus on Web, Consumer Services Investment Passes IT for First Time Since 2001
For the first time since 2001, the Web-heavy Consumer Services industry raised more capital than the Information Technology (IT) industry. Consumer Services companies raised euro 1.1 billion for 223 deals in 2011, a 63% increase in investment despite a 6% drop in deals from 2010. It was the industry’s strongest year for investment since 2001. IT companies raised $812 million for 270 deals in 2011, a 50% decline in investment and 25% decline in deals.
More than half of the capital collected by the Consumer Services industry went to the social media, entertainment and shopping companies in the Consumer Information Services sector. Those companies raised euro 691 million for 192 deals, a 79% increase in investment despite an 8% decline in deals.
Within the IT industry, Software remained the most popular investment area, driven by interest in business applications software and communications software. The Software sector raised euro 467 million through 194 deals in 2011, a 14% decline in investment and 13% decline in deal activity.
Medical Devices Offers Some Stability in Healthcare
As deal activity and investment fell in all areas of Healthcare, the Medical Devices sector offered moderate stability, seeing a drop of just 7% in both deal activity and investment. Medical Devices companies raised euro 323 million for 91 deals in 2011, a mild decline from the euro 348 million raised for 98 deals in 2010.
As usual, Biopharmaceuticals took the lion’s share of the industry’s investment as 121 deals raised euro 856 million, a 29% decline in deals and 20% decline in investment.
Uptick in Deals for Advertising, Data Companies
The Business Support Services sector, which includes companies developing technologies and services for data management, advertising and marketing, was the only sector to see an uptick in both deals and investment in 2011. The sector raised euro 479 million for 90 deals, a 62% increase in investment and 5% increase in deals.
The broader Business and Financial Services industry, which includes the Business Support Services sector as well as financial services and engineering companies, raised euro 614 million for 132 deals, a 15% increase in capital invested despite a 12% decline in investment.
Companies Focused on Renewables Capture Most Energy Investment
In 2011, 56 deals in the Energy & Utilities industry raised euro 253 million, a 26% decline in deals and 25% decline in investment. Renewable Energy companies accounted for most of the industry’s investment, raising euro 238 million for 49 deals.
Country Perspectives
Europe’s four major countries for venture investment – the U.K., France, Germany and Sweden – witnessed record-low deal activity in 2011.
About Dow JonesDow Jones & Company is a global provider of news and business information and a developer of technology to deliver content to consumers and organizations across multiple platforms. Dow Jones produces newspapers, newswires, Web sites, apps, newsletters, magazines, proprietary databases, conferences, radio and video. Its premier brands include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron’s, MarketWatch, SmartMoney and All Things D. Its information services combine technology with news and data to support business decision making. The company pioneered the first successful paid online news site and its industry leading innovation enables it to serve customers wherever they may be, via the Web, mobile devices and tablets. The Dow Jones Local Media Group publishes community newspapers, Web sites and other products in six U.S. states. Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; http://www.newscorp.com/).
http://tourism9.com/ http://vkins.com/
The fourth quarter was the weakest of the year in terms of deal activity as 194 deals collected euro 1.1 billion, a 43% drop in deals and 38% decline in investment over the same period in 2010. Weakness in the fourth quarter is notable as it is traditionally one of the most active quarters for deals.
“Venture capitalists are having difficulty raising funds as the Euro crisis weighs on limited partners’ minds and fewer companies are finding exits. This has naturally led to a slowdown in investment. With less capital flowing into venture firms, there’s less to invest in start-ups,” said Anthony Sheldon, research manager, Dow Jones VentureSource. The median size of a European venture capital deal was euro 2 million in 2011, on par with 2010.
Exits Mirror Fourth-Quarter Drop in Investment
The fourth quarter’s weakness in investments mirrored the exit environment. The fourth quarter of 2011 was the year’s weakest for mergers and acquisitions (M&As) and initial public offerings (IPOs) as 30 European venture-backed companies were acquired and two companies went public.
In all of 2011, 148 companies exited via an M&A, raising euro 7 billion, a 12% decline in deals and 7% increase in capital raised. Companies that got acquired, however, recorded the highest median raised on record. The median paid for an acquisition in 2011 was euro 5.1 million.
In all of 2011, 14 venture-backed companies went public, raising euro 695 million, a drop in IPOs but an increase in capital raised from 2010 when 18 IPOs raised euro 438 million.
As VCs Focus on Web, Consumer Services Investment Passes IT for First Time Since 2001
For the first time since 2001, the Web-heavy Consumer Services industry raised more capital than the Information Technology (IT) industry. Consumer Services companies raised euro 1.1 billion for 223 deals in 2011, a 63% increase in investment despite a 6% drop in deals from 2010. It was the industry’s strongest year for investment since 2001. IT companies raised $812 million for 270 deals in 2011, a 50% decline in investment and 25% decline in deals.
More than half of the capital collected by the Consumer Services industry went to the social media, entertainment and shopping companies in the Consumer Information Services sector. Those companies raised euro 691 million for 192 deals, a 79% increase in investment despite an 8% decline in deals.
Within the IT industry, Software remained the most popular investment area, driven by interest in business applications software and communications software. The Software sector raised euro 467 million through 194 deals in 2011, a 14% decline in investment and 13% decline in deal activity.
Medical Devices Offers Some Stability in Healthcare
As deal activity and investment fell in all areas of Healthcare, the Medical Devices sector offered moderate stability, seeing a drop of just 7% in both deal activity and investment. Medical Devices companies raised euro 323 million for 91 deals in 2011, a mild decline from the euro 348 million raised for 98 deals in 2010.
As usual, Biopharmaceuticals took the lion’s share of the industry’s investment as 121 deals raised euro 856 million, a 29% decline in deals and 20% decline in investment.
Uptick in Deals for Advertising, Data Companies
The Business Support Services sector, which includes companies developing technologies and services for data management, advertising and marketing, was the only sector to see an uptick in both deals and investment in 2011. The sector raised euro 479 million for 90 deals, a 62% increase in investment and 5% increase in deals.
The broader Business and Financial Services industry, which includes the Business Support Services sector as well as financial services and engineering companies, raised euro 614 million for 132 deals, a 15% increase in capital invested despite a 12% decline in investment.
Companies Focused on Renewables Capture Most Energy Investment
In 2011, 56 deals in the Energy & Utilities industry raised euro 253 million, a 26% decline in deals and 25% decline in investment. Renewable Energy companies accounted for most of the industry’s investment, raising euro 238 million for 49 deals.
Country Perspectives
Europe’s four major countries for venture investment – the U.K., France, Germany and Sweden – witnessed record-low deal activity in 2011.
- The U.K. remained the favorite destination for venture capital investment in Europe in 2011. Companies in the U.K. raised euro 1.2 billion for 274 deals, a 36% decline in investment and 17% decline in deals.
- France came in second place as companies raised euro 728 million for 217 deals, a 15% decline in investment and 18% decline in deals.
- Germany came in third as companies raised euro 475 million for 120 deals, a 23% decline in investment and 26% decline in deals.
- Sweden came in fourth as companies raised euro 299 million for 67 deals, a 7% increase in investment despite a 36% decline in deals.
About Dow JonesDow Jones & Company is a global provider of news and business information and a developer of technology to deliver content to consumers and organizations across multiple platforms. Dow Jones produces newspapers, newswires, Web sites, apps, newsletters, magazines, proprietary databases, conferences, radio and video. Its premier brands include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron’s, MarketWatch, SmartMoney and All Things D. Its information services combine technology with news and data to support business decision making. The company pioneered the first successful paid online news site and its industry leading innovation enables it to serve customers wherever they may be, via the Web, mobile devices and tablets. The Dow Jones Local Media Group publishes community newspapers, Web sites and other products in six U.S. states. Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; http://www.newscorp.com/).
http://tourism9.com/ http://vkins.com/
2012年1月20日星期五
U.S. Venture Investment Rose 10% in 2011, Despite Fourth Quarter Decline
NEW YORK, Jan. 20, 2012 /PRNewswire/ – Venture capital investment slowed in the fourth quarter of 2011 as investors put $7.4 billion into 803 deals for U.S.-based venture companies, a decline in both capital invested and deal activity from the third quarter, according to Dow Jones VentureSource. The decline, which mirrors a fourth-quarter drop in exit activity, is notable because the final quarter of the year is traditionally one of the most active for financings and exits.
In all of 2011, investors put $32.6 billion into 3,209 venture deals, a 10% increase in capital raised and 6% increase in deals from 2010.
“The fourth quarter may have seen a temporary slowdown as venture capitalists reset their expectations for the exit market and entrepreneurs adjusted their companies’ valuations to suit the current climate,” said Jessica Canning, global research director for Dow Jones VentureSource. “Overall in 2011, venture investment continued its steady post-recession ascent with notable strength in enterprise solutions.”
The median amount invested in a financing round rose 16% to $5 million in 2011.
Healthcare and IT Investment Steady
In 2011, $8.4 billion was invested in 738 deals for Healthcare companies, a mild change from the previous year when the industry collected $8.3 billion for 747 deals. Biopharmaceuticals remained the industry’s most active investment area with 302 deals raising $3.9 billion, a 6% drop in deals and flat investment. Medical Devices was a close second with 290 deals raising $3.3 billion, a 3% decline in deal activity and 27% increase in investment.
The Medical IT sector, which has been benefiting from interest in electronic health records, Web and mobile applications, and information management solutions, saw a 26% increase in deal activity and 22% increase in capital raised as companies in the sector collected $633 million for 86 deals in 2011.
Companies in the Information Technology industry raised $7.9 billion for 1,004 deals in 2011, a slight uptick from 2010 when 967 deals raised $7.7 billion. The Software sector continued to be the most active investment area and was the only IT sector that saw an increase in both deals and capital raised as 743 deals raised $4.6 billion in 2011.
Venture capitalists’ interest in the hardware and chip sectors is steadily dwindling as much of the innovation in these areas is now done by corporations. Deals in the Electronics and Computer Hardware sector fell 13% to 110 and deals for Semiconductors fell 33% to 50. The Electronics and Computer Hardware sector and the Semiconductors sector raised $1.5 billion and $598 million in 2011 respectively.
VCs Put $5.2 Billion into Consumer Web Companies
Large later-stage rounds raised by well-known Web companies, including Twitter, Zynga and LivingSocial, pushed investment in the Consumer Information Services industry to $5.2 billion for 452 deals during 2011, a 23% increase in capital collected and 14% increase in deal activity from the previous year.
While 72% of the capital raised for the sector went to later-stage deals, there was still strong interest in seed- and first-rounds, which accounted for 57% of the sector’s deals.
“Venture capitalists still have a strong appetite for early-stage Web start-ups, but more mature companies may be swallowing some of the available cash,” said Zoran Basich, editor of Dow Jones VentureWire. “As companies delay the process of entering the public markets during a difficult time for IPOs, the additional venture funding they need is leaving investors with less capital for new investments.”
The median amount invested in a first round for a Web start-up shrank 33% to $2 million, while the median for a later-stage round ballooned 43% to $10 million.
Investment in Enterprise Start-Ups Rises
Driven by interest in data management, marketing and advertising companies, investment in the Business and Financial Services industry rose for the third consecutive year. In 2011, 546 deals for companies developing enterprise technologies or services raised $5.1 billion, a 9% increase in deals and 36% increase in capital collected from 2010.
Uptick in Energy Deals
The Energy and Utilities industry raised $2.9 billion for 134 deals, as investment was flat but deal activity rose 14%. As usual, Renewable Energy companies claimed most of the industry’s investment, as 110 deals raised $2.7 billion.
Early-Stage Deals Increase
Seed- and first-rounds accounted for 43% of deals and 18% of capital invested during 2011, an uptick in deal activity from the previous year when early-stage rounds claimed 39% of deals and 19% of capital raised. Second rounds dropped slightly from 21% of deal activity in 2010 to 20% in 2011, while the proportion of capital garnered by these deals rose from 18% in 2010 to 20% in 2011. Later-stage deals accounted for 35% of the year’s deals and 60% of total capital raised, a shift from the same period last year when they accounted for 38% of deals and 61% of capital raised.
For information on Dow Jones VentureSource’s research methodology, visit http://bit.ly/VSFAQs. For general information about Dow Jones VentureSource, visit http://www.dowjones.com/privatemarkets?from=pr-privatemarkets.
About Dow Jones
Dow Jones & Company is a global provider of news and business information and a developer of technology to deliver content to consumers and organizations across multiple platforms. Dow Jones produces newspapers, newswires, Web sites, apps, newsletters, magazines, proprietary databases, conferences, radio and video. Its premier brands include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron’s, MarketWatch, SmartMoney and All Things D. Its information services combine technology with news and data to support business decision making. The company pioneered the first successful paid online news site and its industry leading innovation enables it to serve customers wherever they may be, via the Web, mobile devices and tablets. The Dow Jones Local Media Group publishes community newspapers, Web sites and other products in six U.S. states. Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; http://www.newscorp.com/).
http://tourism9.com/ http://vkins.com/
In all of 2011, investors put $32.6 billion into 3,209 venture deals, a 10% increase in capital raised and 6% increase in deals from 2010.
“The fourth quarter may have seen a temporary slowdown as venture capitalists reset their expectations for the exit market and entrepreneurs adjusted their companies’ valuations to suit the current climate,” said Jessica Canning, global research director for Dow Jones VentureSource. “Overall in 2011, venture investment continued its steady post-recession ascent with notable strength in enterprise solutions.”
The median amount invested in a financing round rose 16% to $5 million in 2011.
Healthcare and IT Investment Steady
In 2011, $8.4 billion was invested in 738 deals for Healthcare companies, a mild change from the previous year when the industry collected $8.3 billion for 747 deals. Biopharmaceuticals remained the industry’s most active investment area with 302 deals raising $3.9 billion, a 6% drop in deals and flat investment. Medical Devices was a close second with 290 deals raising $3.3 billion, a 3% decline in deal activity and 27% increase in investment.
The Medical IT sector, which has been benefiting from interest in electronic health records, Web and mobile applications, and information management solutions, saw a 26% increase in deal activity and 22% increase in capital raised as companies in the sector collected $633 million for 86 deals in 2011.
Companies in the Information Technology industry raised $7.9 billion for 1,004 deals in 2011, a slight uptick from 2010 when 967 deals raised $7.7 billion. The Software sector continued to be the most active investment area and was the only IT sector that saw an increase in both deals and capital raised as 743 deals raised $4.6 billion in 2011.
Venture capitalists’ interest in the hardware and chip sectors is steadily dwindling as much of the innovation in these areas is now done by corporations. Deals in the Electronics and Computer Hardware sector fell 13% to 110 and deals for Semiconductors fell 33% to 50. The Electronics and Computer Hardware sector and the Semiconductors sector raised $1.5 billion and $598 million in 2011 respectively.
VCs Put $5.2 Billion into Consumer Web Companies
Large later-stage rounds raised by well-known Web companies, including Twitter, Zynga and LivingSocial, pushed investment in the Consumer Information Services industry to $5.2 billion for 452 deals during 2011, a 23% increase in capital collected and 14% increase in deal activity from the previous year.
While 72% of the capital raised for the sector went to later-stage deals, there was still strong interest in seed- and first-rounds, which accounted for 57% of the sector’s deals.
“Venture capitalists still have a strong appetite for early-stage Web start-ups, but more mature companies may be swallowing some of the available cash,” said Zoran Basich, editor of Dow Jones VentureWire. “As companies delay the process of entering the public markets during a difficult time for IPOs, the additional venture funding they need is leaving investors with less capital for new investments.”
The median amount invested in a first round for a Web start-up shrank 33% to $2 million, while the median for a later-stage round ballooned 43% to $10 million.
Investment in Enterprise Start-Ups Rises
Driven by interest in data management, marketing and advertising companies, investment in the Business and Financial Services industry rose for the third consecutive year. In 2011, 546 deals for companies developing enterprise technologies or services raised $5.1 billion, a 9% increase in deals and 36% increase in capital collected from 2010.
Uptick in Energy Deals
The Energy and Utilities industry raised $2.9 billion for 134 deals, as investment was flat but deal activity rose 14%. As usual, Renewable Energy companies claimed most of the industry’s investment, as 110 deals raised $2.7 billion.
Early-Stage Deals Increase
Seed- and first-rounds accounted for 43% of deals and 18% of capital invested during 2011, an uptick in deal activity from the previous year when early-stage rounds claimed 39% of deals and 19% of capital raised. Second rounds dropped slightly from 21% of deal activity in 2010 to 20% in 2011, while the proportion of capital garnered by these deals rose from 18% in 2010 to 20% in 2011. Later-stage deals accounted for 35% of the year’s deals and 60% of total capital raised, a shift from the same period last year when they accounted for 38% of deals and 61% of capital raised.
For information on Dow Jones VentureSource’s research methodology, visit http://bit.ly/VSFAQs. For general information about Dow Jones VentureSource, visit http://www.dowjones.com/privatemarkets?from=pr-privatemarkets.
About Dow Jones
Dow Jones & Company is a global provider of news and business information and a developer of technology to deliver content to consumers and organizations across multiple platforms. Dow Jones produces newspapers, newswires, Web sites, apps, newsletters, magazines, proprietary databases, conferences, radio and video. Its premier brands include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron’s, MarketWatch, SmartMoney and All Things D. Its information services combine technology with news and data to support business decision making. The company pioneered the first successful paid online news site and its industry leading innovation enables it to serve customers wherever they may be, via the Web, mobile devices and tablets. The Dow Jones Local Media Group publishes community newspapers, Web sites and other products in six U.S. states. Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; http://www.newscorp.com/).
http://tourism9.com/ http://vkins.com/
2012年1月19日星期四
Gold Investment Demand Grows Faster Than Jewelry And Tech Demand – Elizabeth Collins – Morningstar, Inc.
67 WALL STREET, New York – January 18, 2012 – The Wall Street Transcript has just published its Gold and Precious Metals Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Investment and Central Bank Demand – Dividends Dependent on Gold Prices – Gold Producers vs. Gold ETF – Midcap and Small-Cap Consolidation Activity
Companies include: Endeavour Silver (EXK); Alacer (ASR.TO); Apogee Silver (APE.V); Barrick (ABX); Eldorado (EGO); and many more.
In the following brief excerpt from the Gold And Precious Metals Report, expert analysts discuss the outlook for the sector and for investors.
Elizabeth Collins, CFA, is the Associate Director of equity research for the basic materials team at Morningstar, Inc. Her responsibilities include oversight of coverage for companies in the following industries: agriculture, chemicals, coal, engineering and construction, metals and mining, steel, wood products and building materials. Before becoming an Associate Director, Ms. Collins was a Senior Analyst on the energy team, where she had oversight for Morningstar’s coverage of oil services firms, oil and gas companies, and coal companies. She earned her MBA from DePaul University in March 2005 and holds a B.A. in psychology from Boston College.
TWST: Gold is still trading at a high price. Should it be at this point?
Ms. Collins: I think, in the current economic environment, it makes a lot of sense for gold to be at such a high price. In the third quarter of 2011, we saw a very high level of demand for gold. Jewelry demand for gold was actually down and demand from the technology sector was flat, but we saw demand from the investment community be very strong because of the strong performance of gold to date, as well as because of worries about macroeconomic uncertainty.
TWST: You mentioned jewelry demand was down. Does that reflect the general economic weakness around the world?
Ms. Collins: I think it can reflect economic weakness and it can also just be a result of some response to the high price of gold. So somebody who is going to purchase jewelry, say in India, is going into a shop and they go in with the intent to spend a certain amount of money on gold jewelry. When the price of gold goes up, it means that they’ll be buying fewer ounces, but they’ll be spending the same amount.
TWST: Is it because of that equation they are getting less for their investment dollar, or is it because in a weak economy people buy less jewelry?
Ms. Collins: The year-over-year decrease in gold jewelry demand, say from India, was 26% in volume terms. But in terms of the amount of money they put into jewelry, it was actually up about 2%. So they are spending more. They are spending a little bit more in money, but getting that much less in gold ounces because of the higher price.
TWST: How important is technology segment demand?
Ms. Collins: It’s small. Number one is jewelry, number two is investment – those are relatively close to each other. And technology is a much smaller part of overall demand for gold on a global basis.
TWST: Has that been the pattern in the industry?
Ms. Collins: It wouldn’t necessarily be different than in the past. But I guess this round we haven’t seen as much M&A activity yet. We’ve seen a few big purchases. But Barrick (ABX), for example, their most recent purchase wasn’t even a gold company – it was a copper company. I guess when people are talking about M And A activity being one candidate for closing the disconnect between gold miners and gold prices, it’s probably smaller companies that are hopeful, and they are hoping to see more M And A activity.
TWST: Given your kind of cautious outlook, what are you telling investors to do?
Ms. Collins: As a group, a lot of our gold miners are fairly valued. We have one company that we think is slightly undervalued, and we think it’s worth taking a closer look at, and that’s Yamana Gold (AUY) ticker AUY in the U.S. and YRI in Canada. And that’s a company with a portfolio of low-cost South American mines, and they have some very attractive growth projects in the pipeline. And we think that the market is not fully factoring in their future production growth when there are signs that they should be able to bring those mines on line. And we think Yamana is attractively valued. It’s not a deep discount at these levels, but we do think it’s attractively valued. Yamana is one of the few gold miners whose share prices have kept pace with bullion so far in 2011.
The Wall Street Transcript is a unique service for investors and industry researchers – providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
For Information on subscribing to The Wall Street Transcript, please call 800/246-7673
http://tourism9.com/ http://vkins.com/
Topics covered: Investment and Central Bank Demand – Dividends Dependent on Gold Prices – Gold Producers vs. Gold ETF – Midcap and Small-Cap Consolidation Activity
Companies include: Endeavour Silver (EXK); Alacer (ASR.TO); Apogee Silver (APE.V); Barrick (ABX); Eldorado (EGO); and many more.
In the following brief excerpt from the Gold And Precious Metals Report, expert analysts discuss the outlook for the sector and for investors.
Elizabeth Collins, CFA, is the Associate Director of equity research for the basic materials team at Morningstar, Inc. Her responsibilities include oversight of coverage for companies in the following industries: agriculture, chemicals, coal, engineering and construction, metals and mining, steel, wood products and building materials. Before becoming an Associate Director, Ms. Collins was a Senior Analyst on the energy team, where she had oversight for Morningstar’s coverage of oil services firms, oil and gas companies, and coal companies. She earned her MBA from DePaul University in March 2005 and holds a B.A. in psychology from Boston College.
TWST: Gold is still trading at a high price. Should it be at this point?
Ms. Collins: I think, in the current economic environment, it makes a lot of sense for gold to be at such a high price. In the third quarter of 2011, we saw a very high level of demand for gold. Jewelry demand for gold was actually down and demand from the technology sector was flat, but we saw demand from the investment community be very strong because of the strong performance of gold to date, as well as because of worries about macroeconomic uncertainty.
TWST: You mentioned jewelry demand was down. Does that reflect the general economic weakness around the world?
Ms. Collins: I think it can reflect economic weakness and it can also just be a result of some response to the high price of gold. So somebody who is going to purchase jewelry, say in India, is going into a shop and they go in with the intent to spend a certain amount of money on gold jewelry. When the price of gold goes up, it means that they’ll be buying fewer ounces, but they’ll be spending the same amount.
TWST: Is it because of that equation they are getting less for their investment dollar, or is it because in a weak economy people buy less jewelry?
Ms. Collins: The year-over-year decrease in gold jewelry demand, say from India, was 26% in volume terms. But in terms of the amount of money they put into jewelry, it was actually up about 2%. So they are spending more. They are spending a little bit more in money, but getting that much less in gold ounces because of the higher price.
TWST: How important is technology segment demand?
Ms. Collins: It’s small. Number one is jewelry, number two is investment – those are relatively close to each other. And technology is a much smaller part of overall demand for gold on a global basis.
TWST: Has that been the pattern in the industry?
Ms. Collins: It wouldn’t necessarily be different than in the past. But I guess this round we haven’t seen as much M&A activity yet. We’ve seen a few big purchases. But Barrick (ABX), for example, their most recent purchase wasn’t even a gold company – it was a copper company. I guess when people are talking about M And A activity being one candidate for closing the disconnect between gold miners and gold prices, it’s probably smaller companies that are hopeful, and they are hoping to see more M And A activity.
TWST: Given your kind of cautious outlook, what are you telling investors to do?
Ms. Collins: As a group, a lot of our gold miners are fairly valued. We have one company that we think is slightly undervalued, and we think it’s worth taking a closer look at, and that’s Yamana Gold (AUY) ticker AUY in the U.S. and YRI in Canada. And that’s a company with a portfolio of low-cost South American mines, and they have some very attractive growth projects in the pipeline. And we think that the market is not fully factoring in their future production growth when there are signs that they should be able to bring those mines on line. And we think Yamana is attractively valued. It’s not a deep discount at these levels, but we do think it’s attractively valued. Yamana is one of the few gold miners whose share prices have kept pace with bullion so far in 2011.
The Wall Street Transcript is a unique service for investors and industry researchers – providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
For Information on subscribing to The Wall Street Transcript, please call 800/246-7673
http://tourism9.com/ http://vkins.com/
Resource fuels Toronto market surge
The Toronto stock market was higher Wednesday on rising resource and financial sector stocks that benefited from word the International Monetary Fund is looking to bolster its financial firepower to help defuse a global economic crisis.
The S&P TSX Composite Index eased into noon hour Wednesday up 52.64 points to 12,285.47.
The Canadian dollar recovered 0.14 cents to 98.62 cents U.S.
On the TSX, the financial sector rose while Royal Bank advanced 58 cents to $52.40 while Bank of Nova Scotia gained 71 cents to $52.52.
Major deal making helped send the TSX industrials sector up sharply. Shares in Finning International Inc. climbed $1.35, or 5.53%, to $25.75 after it said it will acquire the Caterpillar distribution and support business formerly operated by Bucyrus in South America, the U.K., and Western Canada. The deal is worth $465 million U.S. Vancouver-based Finning is the world’s biggest Caterpillar dealer.
Canadian National Railways advanced 97 cents to $78.89.
The energy sector ran up as the February crude contract on the New York Mercantile Exchange improved on Tuesday’s $2 jump (see below). Suncor Energy gained 69 cents to $33.91 and Cenovus Energy climbed 83 cents to $35.89.
The base metals sector gained as other commodity prices were weak with March copper ahead two cents at $3.75 U.S. a pound after the Chinese economic report in particular sent the metal jumping nine cents Tuesday. China is the world’s biggest copper consumer. Teck Resources was up 94 cents to $40.79 while HudBay Minerals was ahead 26 cents to $10.96.
The gold sector was higher as Goldcorp Inc. climbed 32 cents to $45.99.
The consumer discretionary sector provided lift with auto parts giant Magna International ahead 95 cents to $40.95.
The IMF said it aims to add $500 billion U.S. to its resources so it can give out new loans to help mitigate a worsening financial crisis. The Washington-based institution said its staff estimates that countries around the world will need about $1 trillion U.S. in loans over the coming years.
Most of the concerns centre on the 17-nation euro-zone, which has been embroiled in a debt crisis for around two years.
Thanks to some $200 billion U.S. that European countries have recently promised to the IMF, it is already more than one third on its way to reaching its fundraising goal.
ON BAYSTREET
The TSX Venture Exchange rallied 4.90 points to 1,542.62, while the Nasdaq Canada index sifted off 0.39 points to 403.03
All but one of the 14 Toronto subgroups gained by lunch hour. Industrials progressed 1.5%, global base metals gained 1.4%, and the metals and mining group was 0.9% stronger.
The lone laggard was in information technology, down 0.2%.
ON WALLSTREET
In New York, equities edged higher Wednesday, as investors welcomed the International Monetary Fund plan to boost its bailout fund to contain Europe’s debt crisis.
The Dow Jones Industrials gained 49.01 points midday to 12,531.10
The S&P 500 added 5.66 points to 1,299.33, while the Nasdaq Composite picked up 21.96 points to 2,750.04.
Investors also had the latest bank earnings report to mull over, with Goldman Sachs reporting fourth-quarter earnings that beat forecasts but revenue well below expectations. Goldman shares spiked 5% as CEO Lloyd Blankfein said in a statement that he was seeing “encouraging” signs of improvement in the markets and economy.
Goldman’s mixed results came a day after Citigroup missed earnings estimates, while results from Wells Fargo were in line with expectations. Bank of America and Morgan Stanley are scheduled to release their results on Thursday.
Yahoo shares rose after the Web portal announced late Tuesday that co-founder Jerry Yang has resigned from the board of directors and all other positions at the company.
Shares of Carnival rose modestly, after falling 14% the day before. The cruise line operator said it may suffer a more than $100 million U.S. hit to its profit from the grounding of the Costa Concordia off the coast of Italy.
The euro firmed above $1.28 against the U.S. dollar on the news.
While the IMF’s beefed up lending capacity is good news, obstacles remain on the path toward a resolution to Europe’s debt crisis.
Greek government officials and the group representing private sector investors and banks are resuming talks Wednesday to try to nail down how big a writedown private investors are willing to take on the country’s bonds.
Economically speaking, producer prices fell 0.1% in December, the government reported Wednesday. Economists surveyed by Briefing.com expected a rise of 0.1% during the month.
A report from the Federal Reserve showed that industrial production rose 0.4% in December, slightly below expectations, while capacity utilization rose to 78.1%, in line with economist expectations.
Treasury prices for the 10-year note dipped, pushing yields up to 1.86% from Tuesday’s 1.85%. Treasury prices and yields move in opposite directions.
Oil for February delivery gained another 23 cents to $100.94 U.S. a barrel.
Gold futures for February delivery fell $7.00 to $1,648.60 U.S. an ounce.
http://tourism9.com/ http://vkins.com/
The S&P TSX Composite Index eased into noon hour Wednesday up 52.64 points to 12,285.47.
The Canadian dollar recovered 0.14 cents to 98.62 cents U.S.
On the TSX, the financial sector rose while Royal Bank advanced 58 cents to $52.40 while Bank of Nova Scotia gained 71 cents to $52.52.
Major deal making helped send the TSX industrials sector up sharply. Shares in Finning International Inc. climbed $1.35, or 5.53%, to $25.75 after it said it will acquire the Caterpillar distribution and support business formerly operated by Bucyrus in South America, the U.K., and Western Canada. The deal is worth $465 million U.S. Vancouver-based Finning is the world’s biggest Caterpillar dealer.
Canadian National Railways advanced 97 cents to $78.89.
The energy sector ran up as the February crude contract on the New York Mercantile Exchange improved on Tuesday’s $2 jump (see below). Suncor Energy gained 69 cents to $33.91 and Cenovus Energy climbed 83 cents to $35.89.
The base metals sector gained as other commodity prices were weak with March copper ahead two cents at $3.75 U.S. a pound after the Chinese economic report in particular sent the metal jumping nine cents Tuesday. China is the world’s biggest copper consumer. Teck Resources was up 94 cents to $40.79 while HudBay Minerals was ahead 26 cents to $10.96.
The gold sector was higher as Goldcorp Inc. climbed 32 cents to $45.99.
The consumer discretionary sector provided lift with auto parts giant Magna International ahead 95 cents to $40.95.
The IMF said it aims to add $500 billion U.S. to its resources so it can give out new loans to help mitigate a worsening financial crisis. The Washington-based institution said its staff estimates that countries around the world will need about $1 trillion U.S. in loans over the coming years.
Most of the concerns centre on the 17-nation euro-zone, which has been embroiled in a debt crisis for around two years.
Thanks to some $200 billion U.S. that European countries have recently promised to the IMF, it is already more than one third on its way to reaching its fundraising goal.
ON BAYSTREET
The TSX Venture Exchange rallied 4.90 points to 1,542.62, while the Nasdaq Canada index sifted off 0.39 points to 403.03
All but one of the 14 Toronto subgroups gained by lunch hour. Industrials progressed 1.5%, global base metals gained 1.4%, and the metals and mining group was 0.9% stronger.
The lone laggard was in information technology, down 0.2%.
ON WALLSTREET
In New York, equities edged higher Wednesday, as investors welcomed the International Monetary Fund plan to boost its bailout fund to contain Europe’s debt crisis.
The Dow Jones Industrials gained 49.01 points midday to 12,531.10
The S&P 500 added 5.66 points to 1,299.33, while the Nasdaq Composite picked up 21.96 points to 2,750.04.
Investors also had the latest bank earnings report to mull over, with Goldman Sachs reporting fourth-quarter earnings that beat forecasts but revenue well below expectations. Goldman shares spiked 5% as CEO Lloyd Blankfein said in a statement that he was seeing “encouraging” signs of improvement in the markets and economy.
Goldman’s mixed results came a day after Citigroup missed earnings estimates, while results from Wells Fargo were in line with expectations. Bank of America and Morgan Stanley are scheduled to release their results on Thursday.
Yahoo shares rose after the Web portal announced late Tuesday that co-founder Jerry Yang has resigned from the board of directors and all other positions at the company.
Shares of Carnival rose modestly, after falling 14% the day before. The cruise line operator said it may suffer a more than $100 million U.S. hit to its profit from the grounding of the Costa Concordia off the coast of Italy.
The euro firmed above $1.28 against the U.S. dollar on the news.
While the IMF’s beefed up lending capacity is good news, obstacles remain on the path toward a resolution to Europe’s debt crisis.
Greek government officials and the group representing private sector investors and banks are resuming talks Wednesday to try to nail down how big a writedown private investors are willing to take on the country’s bonds.
Economically speaking, producer prices fell 0.1% in December, the government reported Wednesday. Economists surveyed by Briefing.com expected a rise of 0.1% during the month.
A report from the Federal Reserve showed that industrial production rose 0.4% in December, slightly below expectations, while capacity utilization rose to 78.1%, in line with economist expectations.
Treasury prices for the 10-year note dipped, pushing yields up to 1.86% from Tuesday’s 1.85%. Treasury prices and yields move in opposite directions.
Oil for February delivery gained another 23 cents to $100.94 U.S. a barrel.
Gold futures for February delivery fell $7.00 to $1,648.60 U.S. an ounce.
http://tourism9.com/ http://vkins.com/
Toronto stock market advances amid rising oil prices, IMF announcement
TORONTO – The Toronto stock market was higher Wednesday morning on rising resource and financial sector stocks that benefited from word the International Monetary Fund is looking to bolster its financial firepower to help deal with a global economic crisis.
The S&P/TSX composite index gained 99.58 points to 12,332.41 while the TSX Venture Exchange climbed 5.69 points to 1,543.41. The Canadian dollar edged up 0.21 of a cent to 98.71 cents US.
The IMF said it aims to add US$500 billion to its resources so it can give out new loans to help mitigate a worsening financial crisis. The Washington-based institution said its staff estimates that countries around the world will need about $1 trillion in loans over the coming years. Most of the concerns centre on the 17-nation eurozone, which has been embroiled in a debt crisis for around two years.
Thanks to some $200 billion that European countries have recently promised to the IMF, it is already more than one third on its way to reaching its fundraising goal.
U.S. markets were higher after investment bank Goldman Sachs delivered quarterly earnings that beat expectations.
It said net income fell 58 per cent to US$1 billion or $1.84 a share because of lower investment banking fees in a quarter marked by choppy financial markets. But that easily beat expectations of $1.28 a share.
Goldman’s quarterly revenue fell 30 per cent to $6 billion and its shares were ahead $5.09 or 5.21 per cent to US$102.77.
The Dow Jones industrial index was ahead 56.69 points to 12,538.76. The Nasdaq composite index gained 22.57 points to 2,750.65 while the S&P 500 index climbed 7.29 points to 1,300.96.
Sentiment was also helped along by data out Wednesday showing that U.S. factory output surged in December by 0.9 per cent, the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession.
On the TSX, the financial sector rose 0.66 per cent while Royal Bank (TSX:RY) advanced 58 cents to $52.40 while Bank of Nova Scotia (TSX:BNS) gained 71 cents to $52.52.
Major dealmaking helped send the TSX industrials sector up 1.9. per cent. Shares in Finning International Inc. (TSX:FTT) climbed $1.35 or 5.53 per cent to $25.75 after it said it will acquire the Caterpillar distribution and support business formerly operated by Bucyrus in South America, the U.K., and Western Canada. The deal is worth US$465 million. Vancouver-based Finning is the world’s biggest Caterpillar dealer.
Canadian National Railways (TSX:CNR) advanced 97 cents to $78.89.
The energy sector ran up 1.13 per cent as the February crude contract on the New York Mercantile Exchange improved on Tuesday’s $2 jump, rising 53 cents to US$101.24. Traders had been encouraged by data showing that China, the world’s second largest economy, reported 8.9 per cent growth in the fourth quarter, slower than the previous quarter but strong enough to indicate it would avoid an abrupt slowdown.
And in the U.S., government data showed manufacturing in New York expanded at the fastest pace in nine months.
Analysts said higher oil was also supported by tension between Iran and Saudi Arabia, as well as a move by France to accelerate the EU’s implementation of an embargo on Iranian oil exports.
Saudi Oil Minister Ali al-Naimi has said Saudi Arabia was ready to pump more oil if needed to make up for a shortfall in Iranian exports. That came as Iran warned Gulf nations not to make up any shortfall and that it may shut the Strait of Hormuz, which is used to transport about a fifth of the world’s oil.
Suncor Energy (TSX:SU) gained 69 cents to $33.91 and Cenovus Energy (TSX:CVE) climbed 83 cents to $35.89.
The base metals sector gained 1.18 per cent as other commodity prices were weak with March copper ahead two cents at US$3.75 a pound after the Chinese economic report in particular sent the metal jumping nine cents Tuesday. China is the world’s biggest copper consumer. Teck Resources (TSX:TCK.B) was up 94 cents to $40.79 while HudBay Minerals (TSX:HBM) was ahead 26 cents to $10.96.
The gold sector was 0.34 per cent higher even as February gold on the Nymex dropped $3.10 to US$1,652.50 an ounce. Goldcorp Inc. (TSX:G) climbed 32 cents to $45.99.
The consumer discretionary sector provided lift with auto parts giant Magna International (TSX:MG) ahead 95 cents to $40.95.
Investors also digested analysis from The World Bank which warned Wednesday of a possible slump in global economic growth. It also urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.
The bank cut its growth forecast for developing countries this year to 5.4 per cent from 6.2 per cent and for developed countries to 1.4 per cent from 2.7 per cent. For the 17 countries that use the euro currency, it forecast a contraction, with a growth outlook to be negative 0.3 per cent from growth of 1.8 per cent.
European markets were mainly higher as London’s FTSE 100 index inched up 0.07 per cent, Frankfurt’s DAX was up 0.37 per cent while the Paris CAC 40 lost 0.23 per cent.
http://tourism9.com/ http://vkins.com/
The S&P/TSX composite index gained 99.58 points to 12,332.41 while the TSX Venture Exchange climbed 5.69 points to 1,543.41. The Canadian dollar edged up 0.21 of a cent to 98.71 cents US.
The IMF said it aims to add US$500 billion to its resources so it can give out new loans to help mitigate a worsening financial crisis. The Washington-based institution said its staff estimates that countries around the world will need about $1 trillion in loans over the coming years. Most of the concerns centre on the 17-nation eurozone, which has been embroiled in a debt crisis for around two years.
Thanks to some $200 billion that European countries have recently promised to the IMF, it is already more than one third on its way to reaching its fundraising goal.
U.S. markets were higher after investment bank Goldman Sachs delivered quarterly earnings that beat expectations.
It said net income fell 58 per cent to US$1 billion or $1.84 a share because of lower investment banking fees in a quarter marked by choppy financial markets. But that easily beat expectations of $1.28 a share.
Goldman’s quarterly revenue fell 30 per cent to $6 billion and its shares were ahead $5.09 or 5.21 per cent to US$102.77.
The Dow Jones industrial index was ahead 56.69 points to 12,538.76. The Nasdaq composite index gained 22.57 points to 2,750.65 while the S&P 500 index climbed 7.29 points to 1,300.96.
Sentiment was also helped along by data out Wednesday showing that U.S. factory output surged in December by 0.9 per cent, the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession.
On the TSX, the financial sector rose 0.66 per cent while Royal Bank (TSX:RY) advanced 58 cents to $52.40 while Bank of Nova Scotia (TSX:BNS) gained 71 cents to $52.52.
Major dealmaking helped send the TSX industrials sector up 1.9. per cent. Shares in Finning International Inc. (TSX:FTT) climbed $1.35 or 5.53 per cent to $25.75 after it said it will acquire the Caterpillar distribution and support business formerly operated by Bucyrus in South America, the U.K., and Western Canada. The deal is worth US$465 million. Vancouver-based Finning is the world’s biggest Caterpillar dealer.
Canadian National Railways (TSX:CNR) advanced 97 cents to $78.89.
The energy sector ran up 1.13 per cent as the February crude contract on the New York Mercantile Exchange improved on Tuesday’s $2 jump, rising 53 cents to US$101.24. Traders had been encouraged by data showing that China, the world’s second largest economy, reported 8.9 per cent growth in the fourth quarter, slower than the previous quarter but strong enough to indicate it would avoid an abrupt slowdown.
And in the U.S., government data showed manufacturing in New York expanded at the fastest pace in nine months.
Analysts said higher oil was also supported by tension between Iran and Saudi Arabia, as well as a move by France to accelerate the EU’s implementation of an embargo on Iranian oil exports.
Saudi Oil Minister Ali al-Naimi has said Saudi Arabia was ready to pump more oil if needed to make up for a shortfall in Iranian exports. That came as Iran warned Gulf nations not to make up any shortfall and that it may shut the Strait of Hormuz, which is used to transport about a fifth of the world’s oil.
Suncor Energy (TSX:SU) gained 69 cents to $33.91 and Cenovus Energy (TSX:CVE) climbed 83 cents to $35.89.
The base metals sector gained 1.18 per cent as other commodity prices were weak with March copper ahead two cents at US$3.75 a pound after the Chinese economic report in particular sent the metal jumping nine cents Tuesday. China is the world’s biggest copper consumer. Teck Resources (TSX:TCK.B) was up 94 cents to $40.79 while HudBay Minerals (TSX:HBM) was ahead 26 cents to $10.96.
The gold sector was 0.34 per cent higher even as February gold on the Nymex dropped $3.10 to US$1,652.50 an ounce. Goldcorp Inc. (TSX:G) climbed 32 cents to $45.99.
The consumer discretionary sector provided lift with auto parts giant Magna International (TSX:MG) ahead 95 cents to $40.95.
Investors also digested analysis from The World Bank which warned Wednesday of a possible slump in global economic growth. It also urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.
The bank cut its growth forecast for developing countries this year to 5.4 per cent from 6.2 per cent and for developed countries to 1.4 per cent from 2.7 per cent. For the 17 countries that use the euro currency, it forecast a contraction, with a growth outlook to be negative 0.3 per cent from growth of 1.8 per cent.
European markets were mainly higher as London’s FTSE 100 index inched up 0.07 per cent, Frankfurt’s DAX was up 0.37 per cent while the Paris CAC 40 lost 0.23 per cent.
http://tourism9.com/ http://vkins.com/
Goldman Sachs Is Said to Seek Up to $3.5 Billion for Dedicated Energy Fund
Goldman Sachs Group Inc. headquarters stands in New York. Photographer: Jin Lee/Bloomberg
The fund, Broad Street Energy Partners, will invest globally in areas such as oil, gas and power, said the investors, who asked not to be named because the information is private.
Goldman Sachs joins a growing lineup of firms raising pools of capital to take advantage of increased demand for energy and commodities. Barclays Natural Resource Investments, a unit of Barclays Capital, is raising its first dedicated private-equity energy fund to make investments globally. Blackstone Group LP (BX), the largest private-equity firm, and Apollo Global Management (APO) are also marketing debut energy funds.
Andrea Raphael, a spokeswoman for Goldman Sachs, declined to comment.
The new fund will be managed by the principal investment team of the bank. Kenneth Pontarelli, head of natural resources and a managing director in the merchant-banking division at Goldman Sachs, is heading the effort, according to the investors.
The Goldman Sachs merchant-banking division has made energy private-equity investments in the past out of its global private-equity funds, and Pontarelli managed those energy deals.
Past energy deals by GS Capital Partners (PEF3383) included the $45 billion buyout of electric utility company TXU (TXU), now called Energy Future Holdings Corp., Cobalt International Energy Inc. (CIE) and Kinder Morgan Inc.
To contact the reporter on this story: Sabrina Willmer in New York at swillmer2@bloomberg.net
To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net
http://tourism9.com/ http://vkins.com/
Goldman Sachs Said to Seek Up to $3.5 Billion for Energy Fund
January 18, 2012, 1:51 PM EST
By Sabrina Willmer
Jan. 18 (Bloomberg) — Goldman Sachs Group Inc. is seeking $2 billion to $3.5 billion for its first dedicated energy private-equity fund, according to two prospective investors.
The fund, Broad Street Energy Partners, will invest globally in areas such as oil, gas and power, said the investors, who asked not to be named because the information is private.
Goldman Sachs joins a growing lineup of firms raising pools of capital to take advantage of increased demand for energy and commodities. Barclays Natural Resource Investments, a unit of Barclays Capital, is raising its first dedicated private-equity energy fund to make investments globally. Blackstone Group LP, the largest private-equity firm, and Apollo Global Management are also marketing debut energy funds.
Andrea Raphael, a spokeswoman for Goldman Sachs, declined to comment.
The new fund will be managed by the principal investment team of the bank. Kenneth Pontarelli, head of natural resources and a managing director in the merchant-banking division at Goldman Sachs, is heading the effort, according to the investors.
The Goldman Sachs merchant-banking division has made energy private-equity investments in the past out of its global private-equity funds, and Pontarelli managed those energy deals.
Past energy deals by GS Capital Partners included the $45 billion buyout of electric utility company TXU, now called Energy Future Holdings Corp., Cobalt International Energy Inc. and Kinder Morgan Inc.
–Editors: Christian Baumgaertel, Steven Crabill
-0- Jan/18/2012 13:55 GMT
-0- Jan/18/2012 14:00 GMT
To contact the reporter on this story: Sabrina Willmer in New York at swillmer2@bloomberg.net
To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net
http://tourism9.com/ http://vkins.com/
By Sabrina Willmer
Jan. 18 (Bloomberg) — Goldman Sachs Group Inc. is seeking $2 billion to $3.5 billion for its first dedicated energy private-equity fund, according to two prospective investors.
The fund, Broad Street Energy Partners, will invest globally in areas such as oil, gas and power, said the investors, who asked not to be named because the information is private.
Goldman Sachs joins a growing lineup of firms raising pools of capital to take advantage of increased demand for energy and commodities. Barclays Natural Resource Investments, a unit of Barclays Capital, is raising its first dedicated private-equity energy fund to make investments globally. Blackstone Group LP, the largest private-equity firm, and Apollo Global Management are also marketing debut energy funds.
Andrea Raphael, a spokeswoman for Goldman Sachs, declined to comment.
The new fund will be managed by the principal investment team of the bank. Kenneth Pontarelli, head of natural resources and a managing director in the merchant-banking division at Goldman Sachs, is heading the effort, according to the investors.
The Goldman Sachs merchant-banking division has made energy private-equity investments in the past out of its global private-equity funds, and Pontarelli managed those energy deals.
Past energy deals by GS Capital Partners included the $45 billion buyout of electric utility company TXU, now called Energy Future Holdings Corp., Cobalt International Energy Inc. and Kinder Morgan Inc.
–Editors: Christian Baumgaertel, Steven Crabill
-0- Jan/18/2012 13:55 GMT
-0- Jan/18/2012 14:00 GMT
To contact the reporter on this story: Sabrina Willmer in New York at swillmer2@bloomberg.net
To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net
http://tourism9.com/ http://vkins.com/
Cascadia Capital Forecasts Top Sustainable Industries Predictions for 2012
SEATTLE, WA–(Marketwire -01/18/12)- Cascadia Capital, a diversified, boutique investment bank serving both private and public growth companies around the globe, today announced its Sustainable Industries predictions for the coming year. Cascadia Capital’s Chairman and CEO, Michael Butler predicts that upcoming political and economic debates will drive increasing interest in Sustainable Industries throughout 2012. Cascadia believes that financing and M&A will continue to accelerate, led in part by activity in the solar and energy efficiency sectors.
Sustainable Industries Predictions for 2012:
1. Renewable Project Financing Market in Turmoil as European Banks Pull Out
It’s no secret that banks across Europe have been experiencing the stress of the region’s ongoing economic crisis and fluctuating capital markets. To prepare for further market volatility, European banks are increasing their capital ratios and turning their focus back to their core business. As a result, many European banks are pulling out of the US project finance market for renewable energy products, which will likely result in an overall downturn in financial activity across the sector.
However, Cascadia expects that this void in European investments will be filled by US regional banks along with private placements / 144A financing throughout the next year. These investments will likely come from insurance companies such as John Hancock, Metlife, and Prudential. Union Bank, Wells Fargo, and Key Bank have also indicated that they will be expanding their project finance teams. Furthermore, tax-exempt bonds are now being used to fund qualifying projects. This was evidenced in 2011 when UTS Biogas issued a $24 million bond to finance its two California biogas projects.
Two recent biomass financings illustrate that private equity investors are also stepping up to provide debt. Starwood Energy joined Prudential in providing debt to its Berlin Station biomass plant, and Carlyle recently provided construction financing for the Plainfield Renewable Energy Project, developed by Enova, through the Carlyle Energy Mezzanine Opportunities Group. Cascadia expects this to continue throughout 2012.
2. Renewable Energy Climate Change Comes Back into Public Focus as XL Pipeline Protests Gain Attention
Cascadia predicts that the attention around the XL pipeline will draw interest to the controversy that surrounds broader natural gas and fracking related issues. In the last several months, conservationists and conservatives alike have come together to object the XL pipeline, framing it as an energy-intensive, pollution creating oil extraction process. In 2012, this debate will challenge the U.S.’s commitment to a clean energy economy as natural gas continues to make inroads in the mainstream energy matrix.
3. Renewable energy M&A accelerates, lead by energy efficiency
2011 saw a shift in transactions as money left capital-intensive sectors, such as biomaterials, biofuels and wind, and was invested in asset light sectors such as energy efficiency. As a result, Cascadia predicts managed services providers, like Honeywell, Siemens, and Johnson Controls, will look to acquire energy efficiency companies to meet growing customer demand for real-time energy solutions. Schneider Electric’s acquisition of Summit Energy Services is the strongest signal to date that the energy efficient sector is ready to go to market, and is putting pressure on other large corporations. Cascadia also believes that companies like Eneroc, Ameresco, and Serious Energy, which have not traditionally been involved with the energy services category, will begin to move into the energy efficiency sector through acquisitions.
4. Despite speculation, solar continues to dominate the renewable energy mosaic
As the cost curve of panels decline, Cascadia predicts the growth of solar will continue to accelerate and reach price parity with traditional energy sources in certain geographic regions such as California and areas in the Southwestern United States. While many are weary of the solar market due to Solyndra’s failure, it’s important to keep in mind that the company did not fall victim to a weak solar market, but failed to prepare for a decline in panel pricing. While solar projects have bright futures, investors will still look for sound business models, technological innovation, and continued cost reduction. Policymakers must also provide the kind of regulatory stability that attracts investors and encourages these projects to develop. Cascadia believes the current situation is part of an industry maturation process, and that the category has significantly outperformed all expectations and will emerge stronger than ever.
“Renewable energy will come to the forefront of many political and economic discussions in 2012 due to the presidential election, environmental policy debates, and decreased investment by European banks,” said Michael Butler, CEO of Cascadia Capital. “Despite some uncertainty in the market, we believe renewable energy project financing will remain steady in 2012 due to investment from alternative sources. We expect this dynamic industry landscape to be highlighted by M&A in energy efficiency, and continued adoption of solar as the barriers to entry rapidly decline.”
The rate of policy adjustments, technological adaptation, and strategic transactions that impact the Sustainable Industries sector has been staggering over the past several years. Cascadia Capital assists their clients in navigating this dynamic market through constant dialogue and strong relationships with venture capital, growth equity, private equity, debt and corporate investors who operate in this market sector on a global level.
About Cascadia Capital, LLCCascadia Capital is a diversified, boutique investment bank serving both private and public growth companies around the globe. Cascadia’s business is diversified in terms of the industries the firm covers — Information Technology, Sustainable Industries and Middle Market — and in terms of the range of advisory services it provides — Mergers and Acquisitions, Corporate Financing and Strategic Advising. This diversification provides the firm with stability amidst market fluctuations. Cascadia is a pure advisory firm, and unlike other investment banks, is not conflicted by trading, lending, research or cross-selling business. For over a decade, the firm has delivered the best outcomes for clients based on its transaction experience, domain expertise and commitment to building long-term relationships. Cascadia always acts in the long-term interests of clients, and honors its position as a trusted advisor. For more information, visit http://www.cascadiacapital.com.
Sustainable Industries Predictions for 2012:
1. Renewable Project Financing Market in Turmoil as European Banks Pull Out
It’s no secret that banks across Europe have been experiencing the stress of the region’s ongoing economic crisis and fluctuating capital markets. To prepare for further market volatility, European banks are increasing their capital ratios and turning their focus back to their core business. As a result, many European banks are pulling out of the US project finance market for renewable energy products, which will likely result in an overall downturn in financial activity across the sector.
However, Cascadia expects that this void in European investments will be filled by US regional banks along with private placements / 144A financing throughout the next year. These investments will likely come from insurance companies such as John Hancock, Metlife, and Prudential. Union Bank, Wells Fargo, and Key Bank have also indicated that they will be expanding their project finance teams. Furthermore, tax-exempt bonds are now being used to fund qualifying projects. This was evidenced in 2011 when UTS Biogas issued a $24 million bond to finance its two California biogas projects.
Two recent biomass financings illustrate that private equity investors are also stepping up to provide debt. Starwood Energy joined Prudential in providing debt to its Berlin Station biomass plant, and Carlyle recently provided construction financing for the Plainfield Renewable Energy Project, developed by Enova, through the Carlyle Energy Mezzanine Opportunities Group. Cascadia expects this to continue throughout 2012.
2. Renewable Energy Climate Change Comes Back into Public Focus as XL Pipeline Protests Gain Attention
Cascadia predicts that the attention around the XL pipeline will draw interest to the controversy that surrounds broader natural gas and fracking related issues. In the last several months, conservationists and conservatives alike have come together to object the XL pipeline, framing it as an energy-intensive, pollution creating oil extraction process. In 2012, this debate will challenge the U.S.’s commitment to a clean energy economy as natural gas continues to make inroads in the mainstream energy matrix.
3. Renewable energy M&A accelerates, lead by energy efficiency
2011 saw a shift in transactions as money left capital-intensive sectors, such as biomaterials, biofuels and wind, and was invested in asset light sectors such as energy efficiency. As a result, Cascadia predicts managed services providers, like Honeywell, Siemens, and Johnson Controls, will look to acquire energy efficiency companies to meet growing customer demand for real-time energy solutions. Schneider Electric’s acquisition of Summit Energy Services is the strongest signal to date that the energy efficient sector is ready to go to market, and is putting pressure on other large corporations. Cascadia also believes that companies like Eneroc, Ameresco, and Serious Energy, which have not traditionally been involved with the energy services category, will begin to move into the energy efficiency sector through acquisitions.
4. Despite speculation, solar continues to dominate the renewable energy mosaic
As the cost curve of panels decline, Cascadia predicts the growth of solar will continue to accelerate and reach price parity with traditional energy sources in certain geographic regions such as California and areas in the Southwestern United States. While many are weary of the solar market due to Solyndra’s failure, it’s important to keep in mind that the company did not fall victim to a weak solar market, but failed to prepare for a decline in panel pricing. While solar projects have bright futures, investors will still look for sound business models, technological innovation, and continued cost reduction. Policymakers must also provide the kind of regulatory stability that attracts investors and encourages these projects to develop. Cascadia believes the current situation is part of an industry maturation process, and that the category has significantly outperformed all expectations and will emerge stronger than ever.
“Renewable energy will come to the forefront of many political and economic discussions in 2012 due to the presidential election, environmental policy debates, and decreased investment by European banks,” said Michael Butler, CEO of Cascadia Capital. “Despite some uncertainty in the market, we believe renewable energy project financing will remain steady in 2012 due to investment from alternative sources. We expect this dynamic industry landscape to be highlighted by M&A in energy efficiency, and continued adoption of solar as the barriers to entry rapidly decline.”
The rate of policy adjustments, technological adaptation, and strategic transactions that impact the Sustainable Industries sector has been staggering over the past several years. Cascadia Capital assists their clients in navigating this dynamic market through constant dialogue and strong relationships with venture capital, growth equity, private equity, debt and corporate investors who operate in this market sector on a global level.
About Cascadia Capital, LLCCascadia Capital is a diversified, boutique investment bank serving both private and public growth companies around the globe. Cascadia’s business is diversified in terms of the industries the firm covers — Information Technology, Sustainable Industries and Middle Market — and in terms of the range of advisory services it provides — Mergers and Acquisitions, Corporate Financing and Strategic Advising. This diversification provides the firm with stability amidst market fluctuations. Cascadia is a pure advisory firm, and unlike other investment banks, is not conflicted by trading, lending, research or cross-selling business. For over a decade, the firm has delivered the best outcomes for clients based on its transaction experience, domain expertise and commitment to building long-term relationships. Cascadia always acts in the long-term interests of clients, and honors its position as a trusted advisor. For more information, visit http://www.cascadiacapital.com.
2012年1月17日星期二
Thai-ASEAN News Network – Financial Market Unaffected by Ratings Cut in EU and News on Terrorist Attacks
The central bank governor is confident that the credit rating downgrades of nine European nations and the news of possible terrorist attacks in Thailand will not have a significant impact on the country’s financial market.
Bank of Thailand, or BOT, Governor Prasarn Trairatworakul said that the credit rating downgrades of nine European nations by the leading credit rating agency Standard & Poor’s was in line with the global financial market’s expectation.
Prasarn further said that the ratings downgrade will have not much impact on Thailand’s financial markets since Thai financial institutions have invested a small amount of money in the bonds of the nine European countries.
As for the news of possible terrorist attacks in Bangkok, he said the situation would likely ease up soon and that investor confidence has not been affected.
Prasarn admitted that the rising energy cost resulting from the government’s planned energy structure adjustment will lead to an increase in food prices and that will push the inflation rate upward.
He noted that it is normal for people to come out and oppose against the energy price hike as they have used cheap energy, which is among the cost-saving measures, for a long time.
The central bank governor also gave an update on the BOT’s plan to repay the Financial Institutions Development Fund’s debt, saying the central bank plans to request state-run banks to contribute to the Deposit Protection Fund like private commercial banks do.
However, Prasarn stated that Finance Minister Thirachai Bhuvanartnaranubala disagreed with the plan, fearing its impact on the competition of financial institutions.
The BOT governor added that the finance minister has planned to control the scope of doing business and the expansion of state banks’ assets such as the issuance of loans to prevent inequality in financial institutions.
http://tourism9.cm/ http://vkins.com/
Bank of Thailand, or BOT, Governor Prasarn Trairatworakul said that the credit rating downgrades of nine European nations by the leading credit rating agency Standard & Poor’s was in line with the global financial market’s expectation.
Prasarn further said that the ratings downgrade will have not much impact on Thailand’s financial markets since Thai financial institutions have invested a small amount of money in the bonds of the nine European countries.
As for the news of possible terrorist attacks in Bangkok, he said the situation would likely ease up soon and that investor confidence has not been affected.
Prasarn admitted that the rising energy cost resulting from the government’s planned energy structure adjustment will lead to an increase in food prices and that will push the inflation rate upward.
He noted that it is normal for people to come out and oppose against the energy price hike as they have used cheap energy, which is among the cost-saving measures, for a long time.
The central bank governor also gave an update on the BOT’s plan to repay the Financial Institutions Development Fund’s debt, saying the central bank plans to request state-run banks to contribute to the Deposit Protection Fund like private commercial banks do.
However, Prasarn stated that Finance Minister Thirachai Bhuvanartnaranubala disagreed with the plan, fearing its impact on the competition of financial institutions.
The BOT governor added that the finance minister has planned to control the scope of doing business and the expansion of state banks’ assets such as the issuance of loans to prevent inequality in financial institutions.
http://tourism9.cm/ http://vkins.com/
2012年1月9日星期一
BerGenBio Completes $9 Million Series A Financing for First in Class Oncology Therapeutics
BERGEN, Norway–(BUSINESS WIRE)– BerGenBio AS, an emerging oncology biopharma company, today announced it has completed an $8.8 million Series A financing round. The financing will be used primarily to take lead compound BGB324 into clinical trials and to develop a companion diagnostic. Lead investors are Sarsia Seed AS and Investinor AS.
BerGenBio CEO Richard Godfrey commented: “This significant new funding from both existing investors and now from Investinor, we believe supports our decision to focus on developing BGB324, our first-in-class Axl kinase inhibitor drug, rapidly towards clinical trials. BGB324 recently attracted a great deal of attention at the annual American Society for Hematology conference in San Diego, where data were presented data showing the compound inhibited tumour development in preclinical Acute Myelogenous Leukemia (AML) models. Furthermore we have shown that inhibition of Axl blocks the epithelial-mesenchymal transistion (EMT) in cancer cells and has the potential to delay or prevent metastasis, overcome and even reverse acquired resistance to chemotherapy and possibly prevent cancer recurrence. We now look forward to completing the preclinical work and taking BGB324, into the clinic by the end of 2012, as well as developing an AXL biomarker for theranostic use.”
Sveinung Hole, CEO of Sarsia Seed, a leading provider of seed capital in Norway, added that he was delighted to increase its investment in BerGenBio: “We regard BerGenBio as one of the most promising companies in our life sciences portfolio and are particularly impressed by the way in which the management is driving the preclinical development programme for BGB324 forward and meeting all preset milestones. We consider that the high quality of research and development at BerGenBio is the critical factor that has led to this significant funding in today’s challenging financial climate. We see BerGenBio’s success as “seeding” a long awaited biotech cluster here in Bergen.”
Anne-Tove Kongness, Investment Director at Investinor, a Norwegian-government-owned venture investment company commented: “We invest in Norwegian companies that have the potential to truly compete on an international basis. We believe that BerGenBio has the ability to do this by taking what is already world-class oncology research in Bergen and translating it into first-in-class therapeutics.”
Notes to editors
BerGenBio AS is an oncology-based biopharmaceutical company located in Bergen, Norway focused on pursuing novel therapeutic treatments for cancer and supporting the screening and identification of a wide array of potential targets in collaboration with other pharmaceutical companies. BerGenBio has a proprietary platform technology called CellSelect™, which uses information from RNAi screening studies to identify novel drug targets involved in disease. The company has a deep understanding of cancer biology and in particular the tumor micro-environment, EMT and mechanisms of drug resistance. BGB324, a first-in-class inhibitor of AXL kinase, is the first of a planned pipeline of oncology therapeutics planned for clinical development through to phase II in partnership with industry leaders. The company’s investors include Investinor, Sarsia Seed, Sarsia Development, Norsk Innovasjonskapital, Birk Venture, Meteva and employees. www.bergenbio.com
Sarsia Seed AS is a Norwegian Seed Capital Fund, which invests in Norwegian early phase technology companies within the energy/cleantech and biotechnology/life science sectors. The fund has a total capital of 333.5 million NOK (approx, 40 mEUR/50 mUSD) and is managed by Sarsia Seed Management AS. The management company advises the Fund board regarding investment decisions. The Fund’s duration is expected to be 12 (+3) years. www.sarsiaseed.com
Investinor AS invests in Norwegian-based, high potential companies that are internationally oriented and in phases ranging from early growth to expansion. The company has BNOK 2.2 under management. Investinor AS has a co-investment strategy and can take up to 49% equity ownership of a portfolio company. Investinor is fully owned by Innovation Norway, which in turn is owned by the Norwegian Ministry of Trade and Industry. http://www.investinor.no/
http://tourism9.com/
BerGenBio CEO Richard Godfrey commented: “This significant new funding from both existing investors and now from Investinor, we believe supports our decision to focus on developing BGB324, our first-in-class Axl kinase inhibitor drug, rapidly towards clinical trials. BGB324 recently attracted a great deal of attention at the annual American Society for Hematology conference in San Diego, where data were presented data showing the compound inhibited tumour development in preclinical Acute Myelogenous Leukemia (AML) models. Furthermore we have shown that inhibition of Axl blocks the epithelial-mesenchymal transistion (EMT) in cancer cells and has the potential to delay or prevent metastasis, overcome and even reverse acquired resistance to chemotherapy and possibly prevent cancer recurrence. We now look forward to completing the preclinical work and taking BGB324, into the clinic by the end of 2012, as well as developing an AXL biomarker for theranostic use.”
Sveinung Hole, CEO of Sarsia Seed, a leading provider of seed capital in Norway, added that he was delighted to increase its investment in BerGenBio: “We regard BerGenBio as one of the most promising companies in our life sciences portfolio and are particularly impressed by the way in which the management is driving the preclinical development programme for BGB324 forward and meeting all preset milestones. We consider that the high quality of research and development at BerGenBio is the critical factor that has led to this significant funding in today’s challenging financial climate. We see BerGenBio’s success as “seeding” a long awaited biotech cluster here in Bergen.”
Anne-Tove Kongness, Investment Director at Investinor, a Norwegian-government-owned venture investment company commented: “We invest in Norwegian companies that have the potential to truly compete on an international basis. We believe that BerGenBio has the ability to do this by taking what is already world-class oncology research in Bergen and translating it into first-in-class therapeutics.”
Notes to editors
BerGenBio AS is an oncology-based biopharmaceutical company located in Bergen, Norway focused on pursuing novel therapeutic treatments for cancer and supporting the screening and identification of a wide array of potential targets in collaboration with other pharmaceutical companies. BerGenBio has a proprietary platform technology called CellSelect™, which uses information from RNAi screening studies to identify novel drug targets involved in disease. The company has a deep understanding of cancer biology and in particular the tumor micro-environment, EMT and mechanisms of drug resistance. BGB324, a first-in-class inhibitor of AXL kinase, is the first of a planned pipeline of oncology therapeutics planned for clinical development through to phase II in partnership with industry leaders. The company’s investors include Investinor, Sarsia Seed, Sarsia Development, Norsk Innovasjonskapital, Birk Venture, Meteva and employees. www.bergenbio.com
Sarsia Seed AS is a Norwegian Seed Capital Fund, which invests in Norwegian early phase technology companies within the energy/cleantech and biotechnology/life science sectors. The fund has a total capital of 333.5 million NOK (approx, 40 mEUR/50 mUSD) and is managed by Sarsia Seed Management AS. The management company advises the Fund board regarding investment decisions. The Fund’s duration is expected to be 12 (+3) years. www.sarsiaseed.com
Investinor AS invests in Norwegian-based, high potential companies that are internationally oriented and in phases ranging from early growth to expansion. The company has BNOK 2.2 under management. Investinor AS has a co-investment strategy and can take up to 49% equity ownership of a portfolio company. Investinor is fully owned by Innovation Norway, which in turn is owned by the Norwegian Ministry of Trade and Industry. http://www.investinor.no/
http://tourism9.com/
2012年1月3日星期二
Tortoise Energy Capital Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec …
LEAWOOD, Kan.–(BUSINESS WIRE)– Tortoise Energy Capital Corp. (NYSE: TYY – News) today announced that as of Dec. 31, 2011, the company’s unaudited total assets were approximately $859.8 million and its unaudited net asset value was $532.3 million, or $27.16 per share.
As of Dec. 31, 2011, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 580 percent, and its coverage ratio for preferred shares was 411 percent. For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.
The company issued 17,300 shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $0.5 million during the month of December 2011.
Set forth below is a summary of the company’s unaudited balance sheet at Dec. 31, 2011, and a summary of its top 10 holdings.
Unaudited Balance Sheet
19.60 million common shares currently outstanding.
Top 10 Holdings (as of Dec. 31, 2011)
(1) Percent of Investments and Cash Equivalents.
About Tortoise Energy Capital Corp.
Tortoise Energy Capital Corp. provides financing for master limited partnerships (MLPs) in the energy infrastructure sector, focusing on crude oil and refined petroleum products MLPs and natural gas and natural gas liquids pipelines MLPs. Tortoise Energy Capital Corp. seeks to provide its stockholders a high level of total return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC is an investment manager specializing in listed energy infrastructure investments. As of Nov. 30, 2011, the adviser had approximately $7.2 billion of assets under management in NYSE-listed closed-end investment companies, an open-end fund and other accounts. For more information, visit www.tortoiseadvisors.com.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Forward-Looking Statement
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although the company and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the company and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
http://tourism9.com/
As of Dec. 31, 2011, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 580 percent, and its coverage ratio for preferred shares was 411 percent. For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.
The company issued 17,300 shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $0.5 million during the month of December 2011.
Set forth below is a summary of the company’s unaudited balance sheet at Dec. 31, 2011, and a summary of its top 10 holdings.
Unaudited Balance Sheet
| (in Millions) | Per Share | |||||
| Investments | $857.8 | $43.77 | ||||
| Cash and Cash Equivalents | 0.1 | 0.01 | ||||
| Receivable for Investments Sold | 0.5 | 0.02 | ||||
| Other Assets | 1.4 | 0.07 | ||||
| Total Assets | 859.8 | 43.87 | ||||
| Short-Term Borrowings | 17.3 | 0.88 | ||||
| Senior Notes | 104.1 | 5.31 | ||||
| MRP Shares | 50.0 | 2.55 | ||||
| Total Leverage | 171.4 | 8.74 | ||||
| Payable for Investments Purchased | 0.4 | 0.02 | ||||
| Other Liabilities | 2.7 | 0.14 | ||||
| Deferred Tax Liability | 153.0 | 7.81 | ||||
| Net Assets | $532.3 | $27.16 |
19.60 million common shares currently outstanding.
Top 10 Holdings (as of Dec. 31, 2011)
| Name | Market Value (in Millions) | % of Investment Securities(1) | ||||
| Sunoco Logistics Partners L.P. | $ 63.0 | 7.3% | ||||
| Enterprise Products Partners L.P. | 58.9 | 6.9% | ||||
| Magellan Midstream Partners, L.P. | 51.9 | 6.0% | ||||
| Williams Partners L.P. | 49.3 | 5.7% | ||||
| Kinder Morgan Management, LLC | 46.5 | 5.4% | ||||
| Buckeye Partners, L.P. | 45.8 | 5.3% | ||||
| Enbridge Energy Partners, L.P. | 45.6 | 5.3% | ||||
| ONEOK Partners, L.P. | 44.8 | 5.2% | ||||
| El Paso Pipeline Partners, L.P. | 43.4 | 5.1% | ||||
| Plains All American Pipeline, L.P. | 40.7 | 4.7% | ||||
| Total | $ 489.9 | 56.9% |
(1) Percent of Investments and Cash Equivalents.
About Tortoise Energy Capital Corp.
Tortoise Energy Capital Corp. provides financing for master limited partnerships (MLPs) in the energy infrastructure sector, focusing on crude oil and refined petroleum products MLPs and natural gas and natural gas liquids pipelines MLPs. Tortoise Energy Capital Corp. seeks to provide its stockholders a high level of total return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC is an investment manager specializing in listed energy infrastructure investments. As of Nov. 30, 2011, the adviser had approximately $7.2 billion of assets under management in NYSE-listed closed-end investment companies, an open-end fund and other accounts. For more information, visit www.tortoiseadvisors.com.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Forward-Looking Statement
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although the company and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the company and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
http://tourism9.com/
Report: Equipment Investment To Grow 9 Pct. In 2012
Report: Equipment Investment To Grow 9 Pct. In 2012
Washington, DC —The Equipment Leasing & Finance Foundation (the Foundation) has launched its 2012 Equipment Leasing & Finance U.S. Economic Outlook. The new report, which is focused on the $628 billion equipment finance sector, forecasts equipment investment and capital spending in the United States, and evaluates the effects on various related and exogenous factors in play currently and into the foreseeable future. Overall, the report forecasts investment in equipment and software will grow by 9 percent in 2012.
The Foundation produced the 2012 Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economics and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six-month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, theU.S. macroeconomic outlook, and key economic indicators. The report will be updated quarterly throughout 2012.
“The Foundation is pleased to present a valuable and unique tool that distills economic data from a variety of sources into a brief analysis specific to the equipment finance industry,” said Foundation Chairman Cameron W. Krueger, a Director at Deloitte. “Our industry is a critical component of the American economy and this report forecasts continued growth.”
“The new Equipment Leasing & Finance U.S. Economic Outlook complements the Foundation’s Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) and the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) in providing a full picture of industry and economic conditions affecting the $628 billion equipment finance industry from the historical, present, and future perspectives,” said William G. Sutton, CAE, President of the Foundation and President and CEO of the Equipment Leasing and Finance Association.
Key findings include:
The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that provides vision for the equipment leasing and finance industry through future-focused information and research. Primarily funded through donations, the Foundation is the only organization dedicated to future-oriented, in-depth, independent research for the leasing industry. Visit the Foundation online at http://www.leasefoundation.org/.
http://tourism9.com/
The Foundation produced the 2012 Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economics and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six-month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, theU.S. macroeconomic outlook, and key economic indicators. The report will be updated quarterly throughout 2012.
“The Foundation is pleased to present a valuable and unique tool that distills economic data from a variety of sources into a brief analysis specific to the equipment finance industry,” said Foundation Chairman Cameron W. Krueger, a Director at Deloitte. “Our industry is a critical component of the American economy and this report forecasts continued growth.”
“The new Equipment Leasing & Finance U.S. Economic Outlook complements the Foundation’s Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) and the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) in providing a full picture of industry and economic conditions affecting the $628 billion equipment finance industry from the historical, present, and future perspectives,” said William G. Sutton, CAE, President of the Foundation and President and CEO of the Equipment Leasing and Finance Association.
Key findings include:
- Overall, investment continues to be a bright spot in the U.S .economy. In particular, investment in equipment and software has grown steadily for eight straight quarters. Expectations for 2012 are that growth will moderate slightly, but remain positive overall.
- Trends in equipment investment include:
- Agriculture equipment investment is likely to decelerate slightly in the next 3-6 months.
- Computers & software equipment investment will remain healthy, but is likely to slow down somewhat.
- Construction equipment investment is likely to slow in the immediate near term, but could be buoyed by the energy and housing sectors later in 2012.
- Industrial equipment investment will likely be hampered by macro-trends, which may cause some deceleration in growth from what appears to be a recent peak in the growth rate.
- Medical equipment is on watch for a leveling-off in investment spending. Investment growth rates, while positive, have softened for six straight quarters and could bottom out in late 2012. Still, near-normal growth is anticipated in the next 3-6 months.
- Transportation equipment investment should remain solidly positive, but is unlikely to maintain the rapid growth rates of 2011.
- Credit market conditions are improving slowly as demand for financing grows and supply constraints gradually ease. However, the growth rate of investment in equipment and software is likely to remain moderate until demand puts more pressure on capacity. Based on an outlook for moderate economic growth in 2012, and the overhang of excess industrial capacity, investment in equipment and software is expected to increase by 8-10 percent in 2012, compared to about 10.5 percent in 2011.
- For the overall economy, recent revisions toU.S.gross domestic product (GDP) show that the 2008-09 recession was deeper and the recovery has been weaker than previously estimated. While investment has buoyed an otherwise weak economy, employment and consumer demand have been tepid. Significant headwinds in the form of persistently high oil prices, household deleveraging, weakened consumer confidence, and the Eurozone financial crisis have all combined to restrain growth prospects for 2012.
- The macro outlook for 2012 is for a slow improvement, as impediments to growth are expected to gradually dissipate, with more positive cyclical trends kicking in later in the year. Compared to the consensus forecast of 2.0 percent growth for 2012, a slightly faster growth rate of 2.4 percent is predicted. This implies that the unemployment rate will remain at 8 percent or higher by the end of 2012.
The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that provides vision for the equipment leasing and finance industry through future-focused information and research. Primarily funded through donations, the Foundation is the only organization dedicated to future-oriented, in-depth, independent research for the leasing industry. Visit the Foundation online at http://www.leasefoundation.org/.
http://tourism9.com/
订阅：
博文 (Atom)