Mercanti Nabs Moelis CleanTech Pro
With a federal growth mandate in the US, cleantech is a burgeoning space and top talent is being tapped.
June 19, 2009
The Mercanti Group said Todd Bomberg will join its ranks to lead the advisor to lead its cleantech practice.
Bomberg will make the move to Los Angeles from Moelis & Co., where he was senior vice president of M&A.
Prospects of cleantech blossoming into a $325 billion industry within the next decade have enticed advisors to bulk up on pros who can tap into the revenue flow that is expected to nearly triple between now and 2018.
The Global Environment Fund, energy investors, hired in 2008 Raj Pai as a managing director for the firm’s investment activities in India and South Asia. Last year, Piper Jaffray announced Michael Covington as the firm’s new managing director and head of European clean technology and renewables investment banking. Also, Cleantech America took Calpine Corp. veteran William Overholt to serve as its chief executive.
Private equity has prepared for action in the space as well; Craton Equity Partners spent 18 months ramping up a fund of about $200 million for cleantech investments.
Mercanti, with offices in Minneapolis, Los Angeles and New York, is a boutique providing advisory services across consumer, health care, technology, business services and manufacturing industries.
Bomberg, for his part, has previously served as investment chief of MAG Capital, a Los Angeles investment firm, UBS, Credit Suisse and Donaldson, Lufkin & Jenrette.
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