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市場調查報告書
特價採購：事業收購為創投公司的分離電網、儲存、汽車企業投資的關鍵
Bargain Shopping ? Acquisitions are Crucial as VCs Pass-Over Grid, Storage and Vehicle Ventures
| 出版商 |
Lux Research |
| 出版日期 |
2011年09月 |
商品編碼 |
225958 |
| 內容資訊 |
英文 Pages: 22 |
| 價格 |
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特價採購：事業收購為創投公司的分離電網、儲存、汽車企業投資的關鍵 是由出版商Lux Research在2011年09月所出版的。
這份英文市場調查報告書包含Pages: 22 價格從美金3500起跳。
支撐智慧電網、能源儲存、電動車（EV）部門財務的獨立以及企業創投公司（VC），在進入2010年創造了股價6個月的空前高價記錄後，在過去12個月急速下滑。並且，投資家輕視早期階段企業，優待獲得豐富資金的高風險後期階段，導致產生早期階段/後期階段企業間、過去所沒有差異的結果。早期階段資金的不足使得大多數起動階段企業落於拍賣街頭，導致大型參與企業可廉價取得貴重的智慧財產權（IP）的狀況，其結果使得M&A行動急速浮現。2件項象徵性的大型收購先放置一旁，在此獲取方所強烈要求的，外部資金不大進入、可以廉價補充自家商品產品線的未成熟企業。如此收購的優點為大小企業的共通點，不過市場急速成熟、固定化當中，收購機會趨向縮小。伴隨此，現狀買方的聰明選擇，為提案給有望的起動階段企業，另一方面，對起動階段企業方來說的聰明選擇，為可獲得的皆要取得一事。
本報告，關注創投公司對分離電網、儲存、汽車廠商的事業收購，彙整其現狀與將來動向的最新情報，由下列摘要形式闡述。
報告摘要
概況
- 過去12個月趨緩的智慧電網、能源儲存、電動車投資
- 最吸引創投公司關注的汽車以及燃料電池企業
- 運輸業維持優勢，固定式電力趕上智慧電網
- 早期階段資金消滅，另一方面，引出追加資金的後期階段企業
- 收購活動給起動階段企業和現行企業帶來展望。但是，確切的收購目標要件為？
- 針對概況的結論
分析
- 急速浮現於智慧電網市場的M&A行動
- 創投公司的結束創造出風險與機會
將來展望
Description
Independent and corporate venture capital (VC) financing for smart grid, energy storage, and electric vehicle (EV) sectors fell sharply in the past 12 months, after reaching an all-time six-month high at the outset of 2010. Furthermore, investors have neglected early-stage companies in favor of heavily-funded, high-risk, late-stage companies creating an unprecedented gap between late-stage and early-stage funding. This shortage of early-stage funding has put the majority of start-ups on the auction block, allowing larger players to grab valuable intellectual property (IP) at bargain valuations and resulting in a spike in merger and acquisition (M&A) activity. Aside from two landmark acquisitions, acquirers have demonstrated a strong preference for immature companies with limited external funding, offering acquirers an inexpensive means to complete their product lines. These acquisitions offer strong benefits to large and small companies, but acquisition opportunities decline as markets rapidly mature and solidify. Therefore, clients would be wise to make their final offers to promising start-ups, while start-ups would be wise to take whatever they can get.
Table of Contents
- Executive Summary
- Landscape
- Smart Grid, Energy Storage, and EV Funding Stalled in the Past 12 Months
- Automotive and Fuel Cell Companies Draw the Most VC Attention
- Transportation Continues to Dominate, While Stationary Power Overtakes Smart Grid
- Early-stage Money Disappears, while Late-Stage Companies Draw Additional Funding
- Acquisitions Offer Promise for Start-Ups and Incumbents, but What Makes a Strong Acquisition Target?
- Landscape Conclusions
- Analysis
- M&A Activity Surges in the Smart-Grid Market
- Acquirers Prefer Early-Stage Companies
- The End of the VC Model Creates Both Risk and Opportunity
- Outlook
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