<p>2009 Greentech M&A Round-Up
PEACHTREE GREEN ADVISORS
Greentech M&A Activity in 2009
3
Public Company Valuations
8
Looking Ahead to 2010
10
M&A Transactions and Capital Raised in 2009
11
Table of Contents
Peachtree Green Advisors is a division of Peachtree Media Advisors, Inc. Peachtree is a New York-based
investment bank providing M&A advisory services to growth and middle market digital media and green
technology companies both in the U.S. and abroad. John Doyle, Managing Director & Founder, has been
a media investment banker for more than 13 years; closed and structured more than 22 deals; and has a
strong knowledgebase of financial and strategic buyers in these sectors. If you are interested in learning
more about valuation, positioning, preparation or the merger and acquisition process, please go to www.
peachtreegreenadvisors.com or contact John Doyle at 212-570-1009.
PEACHTREE GREEN ADVISORS
2009 GREENTECH M&A ROUND-UP
PEACHTREE GREEN ADVISORS | 3
2009 GREENTECH M&A ROUND-UP
In 2009, there were 248 greentech merg-
ers, acquisitions, and capital raises in the
U.S. for a reported total of $9.5 billion,
comprising of 188 capital raises and 60
acquisitions of U.S. greentech assets that
involved a change of control. Transaction
volume dropped 14% from the 289 deals
recorded in 2008, while transaction value
fell 4% from the $9.9 billion reported in
2008. However, these declines were off-
set by additional funding stemming from
the American Recovery and Reinvest-
ment Act of 2009, which committed over
$30 billion not all of which was spent in
2009through the Department of Energy
(DOE).
While Argonaut Private Equity's $198 mil-
lion investment in Solyndra represented
the largest private raise of the year, the
DOE awarded a number of enormous
fundings exceeding that amount, includ-
ing loan guarantees of $528 million and
$535 million to Fisker Automotive and
Solyndra, and a $334 million investment
in carbon sequestration with American
Electric Power. Primarily due to pipeline
vis