KeyBanc Capital Markets (KBCM), expanded its Utilities, Power & Renewables Group through the addition of a six-person renewable energy investment banking team. This team has been a leading provider of strategic, merger and acquisition advisory services to the U.S. renewable energy industry and will further enhance and expand on KBCM's leading North American project and syndicated finance practice serving the renewable energy industry.
Julian Bailliet, Timothy Beach, Ari Citrin and Oliver Janssen will join KBCM as managing directors, with Mark Dondero joining as a director and Bill Chamberlin joining as a vice president. The team will be based in the firm's San Francisco office.
"We are committed to expanding our top ranked renewable energy practice," said Andy Redinger, head of KBCM's Utilities, Power & Renewable Energy Group. "The addition of this highly successful mergers & acquisition (M&A) team, which will further help broaden our offering and better serve our clients, is an important step towards that commitment."
KeyBank has been financing renewable power generation in the U.S. since 2007 and is consistently one of the largest U.S bank lenders to the wind and solar industry. Since 2010, Key has financed more than $15 billion of renewables. The new team brings extensive renewable energy M&A, capital raising and advisory services experience which will allow Key to continue to provide superior client service to the U.S. power sector.
"Key is uniquely positioned to help lead the transition of the U.S. power system to a more sustainable and competitive position," said Randy Paine, president of Key Institutional Bank. "The addition of this team is yet another example of Key making strategic investments to drive targeted scale."