DC Advisory poaches BAML infra veteran

31 October 2017 - 12:00 am UTC

DC Advisory’s infrastructure advisory arm continues its five-year growth streak with the hiring of senior BAML executive Mehdi Benjelloun, Inframation has learnt.

Benjelloun, who joins DC Advisory as senior vice president, spent a decade at BAML’s infrastructure, power and utilities team. There, he advised on sales such as Gestamp’s 80% stake in a global solar portfolio and GIP’s 44.9% holding in FluxSwiss.‎
 
DC Advisory’s infrastructure equity and debt advisory arm, headed by ex-Macquarie Capital executive Sergio Ronga, now has 22 staff members.
 
Other recent hires are ex-CDC Group manager, Nav Kokri, and Ilya Bonhomme-Gomez, a former associate director in Société Générale’s power, utilities and infrastructure team. Both are associate directors in Ronga’s team.
 
Ronga, who established the business in 2012, attributed the growth to equity and debt liquidity in the sector and a spike in asset recycling among closed-end funds. He also linked it to “the expansion of assets defined as falling within this sector”.
 
In addition, DC Advisory, which also provides advice across healthcare, industrial, leisure and real estate, has filled the shoes of high street banks that have withdrawn or reduced their offering from those sectors, he said.
 
A subsidiary of Japanese trading house Daiwa Capital Markets, the firm this year to date has advised on eight closed infrastructure deals, including the sale of equity in Thames Water, LBC tank terminals, Calvin, Noordgastransport, Beacon Rail, South West Trains rolling stock and Scandlines.
 
This compares with nine closed deals last year and four in 2015.
 
Its other senior executives include Neale Marvin, JP Morgan’s former head of infrastructure debt; former UBS infrastructure executive director Jasper Kienhuis; former Macquarie and Basalt director Martin Krastev; and ex-HSBC acquisition finance director Philip Hyman.