Smart Grid Comes in at $104 Million for Q2 2011 VC Funding and Has a Blockbuster M&A Quarter Totaling $4.3 Billion
Mercom Capital Group llc, a global clean energy communications and
consulting firm, today released funding and merger and acquisition
(M&A) activity for the Smart Grid sector for the second quarter of
Smart Grid venture capital (VC) funding in Q2 2011 came in at $104
million in 15 deals, compared to $76 million in 13 deals in Q1 of 2011.
Thirty-one different investors participated in these funding rounds.
"The first half of 2010 saw almost $400 million in VC funding compared
to just $180 million in the first half of this year. The second quarter
was a blockbuster M&A quarter with $4.3 billion in M&A activity
for nine transactions. This totals more than all M&A transactions
combined since Q1 of 2010," commented Raj Prabhu, Managing Partner at
Mercom Capital Group.
The top five VC transactions were led by iControl Networks' raise of $50
million, which accounted for almost half of all VC funding in Q2. That
was followed by JouleX who raised $17 million, Chetas Control Systems
with $13.5 million, On-Ramp Wireless with $11.5 million and Panoramic
Power with $4.5 million.
Merger and acquisition (M&A) activity in the Smart Grid sector
amounted to a whopping $4.3 billion in nine transactions compared to
$300 million in Q1 of 2011. The most significant M&A transactions
were Toshiba Corporation's acquisition of Landis+Gyr for $2.3 billion
and Schneider Electric's acquisition of Telvent for $2 billion.
Another significant transaction this quarter was the $675 million in debt raised by Sensus.
For a complete list of Q2 2011 transactions in the smart grid sector, visit: http://www.mercomcapital.com/cleanenergyreports.php