KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp, has expanded its utilities, power and renewables group through the addition of a six-person renewable energy investment banking team. This team has been a a provider of strategic, merger and acquisition advisory services to the U.S. renewable energy industry and is part of an effort to expand KBCM’s 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.”
“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.”