Survey highlights growing enthusiasm for cleantech fund investments and market potential
CHICAGO, June 22, 2023—West Monroe, a leading digital services firm, released its annual M&A signature research—this year concentrating on activity in the energy sector. The report analyzes survey responses from 200 private equity and corporate development executives on investment activity in the cleantech sector, finding that leaders are bullish about investment in renewables and environmental, social, and governance (ESG)-related funds both now and in the future.
The top finding from the research shows that cleantech is no longer speculation, but a viable sector with executives bullish on M&A activities picking-up—75% of survey respondents said that recent developments in public policy and regulations around energy have amplified their appetite for M&A in the sector.
“Cleantech has emerged from a niche infrastructure fund to an area where many investors are evaluating the themes and opportunities across each of their industry vertical teams that will benefit from the growth, tax advantages, and clean energy tailwinds,” said Keith Campbell, a senior partner in West Monroe’s M&A practice and co-author of the report.