Wall Street Team Launches Investment Bank Focused on Green Technology
Greentech Capital Advisors, an investment bank dedicated to alternative energy and clean technology, formally launched today.
Jeffrey A. McDermott, a 25-year banking veteran and former Joint Global Head of UBS Investment Banking and founder of Greentech Capital Advisors said, "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 who are the ultimate customers, strategic partners and consolidators for these companies. Our comprehensive expertise and unique composition of experts will help clients grow and succeed."
Richard L. Kauffman, Chief Executive Officer of Good Energies, Inc, a leading global investor in renewable energy and energy efficiency industries, said, "After many years, the renewable energy sector is finally growing up. The sector needs capital and good advice."
Greentech Capital Advisors offers clients help with project finance, private equity, and mergers and acquisitions markets. Its partners include:
Robert A. Schultz, Chief Operating Officer, is a former managing director 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.
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.
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.
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.
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