Investment bank Greentech Capital Advisors LLC was launched at the end of last month by Managing Partner Jeffrey McDermott as an advisor specializing in project finance, private equity, and mergers and acquisitions. The firm will provide its services to companies engaged in “alternative energy, energy efficiency, transmission and distribution infrastructure, sustainable materials and products, waste management, recycling and water efficiency.”
Mr. McDermott founded the investment bank with the mission to provide veteran expertise to the growing alternative energy industry. “For these companies to thrive, and for America to transition to a cleaner and more energy efficient economy, there is a need for a dedicated team of experienced bankers. Alternative energy and cleantech companies need bankers with deep industry knowledge, a wide array of product skills, and relationships with large industrial, power and utility companies” commented Mr. McDermott.
Prior to founding Greentech Capital, Mr. McDermott was Joint Global Head of Investment Banking at UBS. He joined UBS in early 2001 to run the Global Industrial Group.
Joining Mr. McDermott at Greentech is a diverse group of infrastructure and energy/utilities executives and analysts from Goldman Sachs, Citi, Morgan Stanley, Barclays to Form Greentech Capital Advisors. The firm’s press release also highlighted the following partners:
“Robert A. Schultz, Chief Operating Officer, with an over 20 year track record of building and managing infrastructure. He is a former MD and COO at Morgan Stanley Fund Services.
Timothy F. Vincent has joined to lead the firm’s project finance business. Prior to joining, he was at Goldman Sachs as a Managing Director covering Infrastructure clients and previously he was a Managing Director and Joint Head of Project Finance in North America for BNP Paribas.
Vincent said, "Developers and investors in today's alternative energy sector are having difficulty navigating an unprecedented market disruption in the project finance debt markets. Greentech Capital Advisors is well-positioned to help clients secure cost-effective funding from a variety of sources to ensure the long-term viability of their projects."
Michael J. Molnar has joined Greentech Capital Advisors from Goldman Sachs, where he was the lead equity research analyst on the US alternative energy and coal sectors. Molnar said, “The alternative energy sector is challenging given the uncertain and dynamic nature of the industry drivers. Thinking about value creation in an era of volatile fossil fuel prices, varying new technology cost curves, differing regional regulations, changing government policies and uncertain financing potential is very complex. At Greentech Capital Advisors, our industry knowledge, experience and analytics are the foundation from which we add value to our clients.”
Craig J. Wellen has joined the firm, having over a decade’s experience as a power and utility sector banker, most recently as a senior banker at Citi. While at Citi, Craig was responsible for originating and executing strategic M&A transactions and capital raisings for numerous North American utilities, infrastructure funds and multinational energy companies.
“Current initiatives to control climate change and greenhouse gas emissions represent a fundamental policy shift that will reshape the power and utility sector,” said Wellen. “We look forward to working closely with our power and utility clients to understand the implications of this transformative change and to identify related business opportunities that will enhance shareholder value.”
R. Andrew de Pass, founder and former head of Citi's Sustainable Development Investments ("SDI"), has joined Greentech Capital Advisors as a Senior Advisor and will be responsible for developing and leading the firm’s private equity investing business. Olav Junttila, who worked as an investment principal with Andrew at SDI, has also joined the firm.
“We believe Greentech Capital Advisors will be uniquely positioned to build a successful growth private equity investing business given the combination of the firm's deep sector knowledge with our extensive investing experience and relationships. We intend to invest alongside our clients to help them achieve their goals,” de Pass said. “In addition, we will augment the advisory practice by sharing our hands-on experience as private equity investors in the alternative energy and cleantech sectors.” |
