CLEVELAND, May 3, 2021 /PRNewswire/ -- KeyBanc Capital
Markets (KBCM), the corporate and investment banking arm of
Cleveland-based KeyCorp (NYSE:
KEY), announced today the expansion of 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."
About KeyBanc Capital Markets
KeyBanc Capital Markets
is a leading corporate and investment bank providing capital
markets and advisory solutions to dynamic companies capitalizing on
opportunities in changing industries. Our deep industry expertise,
broad capabilities and unique ideas are seamlessly delivered to
companies across the Consumer & Retail, Diversified Industries,
Healthcare, Industrial, Oil & Gas, Real Estate, Utilities,
Power & Renewables, and Technology verticals. With over 800
professionals across a national platform, KeyBanc Capital Markets
has more than $37 billion of capital
committed to clients and an award-winning Equity Research team that
provides coverage on over 600 publicly-traded companies. Securities
products and services are offered by KeyBanc Capital Markets Inc.
and its licensed securities representatives, who may also be
employees of KeyBank N.A. Banking products and services, are
offered by KeyBank N.A.
About KeyCorp
KeyCorp's roots trace back 190 years to
Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies, with
assets of approximately $176.2
billion at March 31, 2021. Key
provides deposit, lending, cash management, and investment services
to individuals and businesses in 15 states under the name KeyBank
National Association through a network of approximately 1,100
branches and more than 1,400 ATMs. Key also provides a broad range
of sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is Member
FDIC.
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SOURCE KeyCorp