Credit Suisse announced the formation of the global infrastructure, utility and renewables group that will be headed by Jonathon Kaufman, confirmed a spokesperson for the bank.
The group, formerly the global power and renewable group, has been reorganized, along with sponsors and its leveraged finance origination, under Malcolm Price to whom Jonathon will continue to report.
The reorganization came as a result of infrastructure funds raising USD 200bn of dry powder to invest of which 75% by private equity and sponsors, historically a strong area of investing. This group will draw on professionals within the bank concentrating on transportation, midstream, media and telecom and services.
CS advised or led the acquisition, or both, on the following transactions in the past year or so: IFM’s acquisition of Buckeye Partners, Brookfield Infrastructure’s buyout of Genesee and Wyoming, EQT’s acquisition of Zayo, advising Corsair on the creation of three continuation vehicles for their international infrastructure portfolio and the sale of Wheelabrator Technologies.