News

Canaccord Genuity significantly expands its Sustainability & CleanTech practice

07 July 2011

NEW YORK, July 7, 2011 – Canaccord Genuity has added substantial new resources to its longstanding global Sustainability & CleanTech investment banking and equity research franchise.  This initiative includes re-branding the practice, adding new senior personnel, expanded publications and increased corporate access to institutional investors.

According to Jamie Brown, President, of Canaccord Genuity (US), “Adding CleanTech to the name of the firm’s pioneering Sustainability group is an important distinction for our global effort.   It lets investors and corporate clients know that our equity research and investment banking expertise spans the entire continuum of high-growth and novel green technologies and business models that distinguish this rapidly emerging growth sector.” 

Mr. Brown added that combined, the Sustainability & CleanTech Practice at Canaccord Genuity now includes five senior equity research professionals in the United States and Canada.  These professionals are complemented by nine senior bankers in Boston, New York, San Francisco, Toronto, London, Vancouver and Shanghai.  “Canaccord Genuity has developed unparalleled domain expertise and transaction experience that encompasses advanced and traditional biofuels and biomaterials, energy efficiency and infrastructure, energy storage, geothermal, green building products, industrial technology, recycling, resource optimization, smart grid, solar, solid state lighting, water, and wind power.  Canaccord is committed to bringing to bear the resources necessary to solve the complex financing and strategic challenges our clients face.” 

Investors, as well as senior management of sustainability and cleantech companies alike will be able to access this domain expertise through the Canaccord Genuity Sustainability & CleanTech Review which is now being published monthly by the investment banking team.  This publication joins the Canaccord Genuity Recycling Semimonthly, the Canaccord Genuity Greenbuilding Semimonthly and A Light Read produced by the award winning equity research team.  In total, the Global Sustainability & CleanTech Research team covers over 67 companies listed on exchanges in the U.S., Canada and Europe.

In addition to these new resources, Mr. Brown said the Canaccord Genuity Global Growth Conference, held in August of each year, and the Sustainability & CleanTech Conference, held in February of each year offer management teams superb access to the world’s most knowledgeable and well-capitalized institutional investors.   “With more than 70 companies presenting at each annual event, and investors representing more than $100 billion in capital,” Mr. Brown said, “we believe these conferences are the ‘go-to’ symposiums for the Sustainability & Cleantech sector.”

Since 2007, Canaccord Genuity has completed as bookrunner, lead placement agent or managing underwriter 33 equity offerings in Sustainability & CleanTech raising approximately $3.0 billion of capital – this ranks as one of the most active underwriters in this sector. The U.S. investment banking team in Sustainability & CleanTech is being coordinated by Dan Coyne and Jeff Lipton.  Dan has been with Canaccord Genuity since March 1998, and has completed transactions with an aggregate value exceeding $10.0 billion.  Dan has completed transactions in advanced materials, solid-state lighting, instrumentation, green building products, recycling, solar and energy-efficiency services.  As previously announced, Jeff Lipton joined Canaccord Genuity in May 2011.  Jeff has over 15 years of investment banking experience and has completed transactions with an aggregate value exceeding $9.0 billion. Jeff joined Canaccord from Jefferies where he founded and built the Jefferies CleanTech practice.  Jeff has completed transactions in solar, biofuels, biomaterials, advanced batteries, smart grid, clean transportation, wind and fuel cells. 

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