An investment banking team and CAC Specialty has formed Silvercliff Partners LLC, an independent advisory, investment and merchant banking platform.
Will Harrison, Jordan Davis and Michael Grabenstein will lead the firm as managing partners. David Bradshaw will also join the team. Jack Leventhal, CAC senior managing director and head of investment banking, will Chair the Board of Managers, and Paul Sparks, Chairman of CAC Specialty, will also serve as a Director.
“The realignment of the natural resources sector has created the need for an independent advisory team with creativity, flexibility, and a non-traditional approach to serve the increasingly complex needs of energy clients,” Davis said. “Our unique capabilities, capital markets reach, nimbleness and ability to partner with our clients provide a much-needed advisory paradigm shift, especially in the energy sector.”
“The production and consumption of energy is an important component of the global economy. The launch of Silvercliff Partners dramatically enhances CAC Specialty’s ability to deliver impactful strategic advisory and investment and merchant banking capabilities to this evolving industry,” said Leventhal.
“I am enthused to be part of a platform that has the flexibility to not only focus on the achievement of client goals, but to partner with them,” said Bradshaw. “As energy is such a dynamic sector, the ability to think outside-the-box and be nimble is critical.”
Silvercliff will be jointly owned by CAC Specialty and the Silvercliff management team, which prides itself on its objectivity and independence. The firm will be headquartered in Houston with an office in Washington, DC.
Willkie Farr & Gallagher LLP and Skadden LLP advised the Management Team in the transaction. CAC Specialty was advised by Maynard, Cooper & Gale.