SkyPower Corp: Wind Financing Case Study Devonian Partners: Oil & Gas Case Study Middlesex Generating Company: Renewable Energy Case Study
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Lehman Closes on Equity Investment into Leading Canadian Renewable Energy CompanyMarathon Capital announced today the closing of a strategic investment by Lehman Brothers and its Private Equity business, into SkyPower Corp., one of Canada's leading renewable energy companies with a substantial portfolio of wind and solar projects across Canada. Marathon represented SkyPower on this transaction, along with Genuity Capital Markets based out of Toronto, Ontario. Kerry Adler, the President and Chief Executive of SkyPower, based in Toronto, Canada, stated, "This combined investment and strategic relationship with Lehman Brothers provides SkyPower with a unique platform to accelerate its growth within the Canadian renewable energy industry as we couple our extensive portfolio of both wind and solar projects with one of the leading financial institutions in the world. Marathon Capital in concert with Genuity Capital Markets have done an outstanding job over the past few months working thru an extensive process that has culminated in the closure of this remarkable transaction." "We have enjoyed working very closely over the past months with the SkyPower management team who are extremely talented and highly motivated to lead and help grow the renewable energy industry in Canada," said Ted Brandt, CEO of Marathon. "We are convinced that the SkyPower/Lehman combination has created one of the most well-capitalized and nimble competitors in the rapidly expanding Canadian renewables market." The investment includes an up-front acquisition payment, commitments to future wind and solar financing, as well as other investment opportunities in the renewable energy sector. The current SkyPower management team, led by its Founder and Chief Executive Office, Kerry Adler, will continue to be responsible for and oversee all ongoing day-to-day operations as well as the strategic direction of the company. Since its inception in 2003, SkyPower has focused on developing wind and solar power projects and has focused on a community-based development strategy which aims to include the First Nations of Canada and local municipalities in their renewable energy efforts. The extensive background of the SkyPower team and advisors of over 40 strong (and growing), is the cornerstone and most critical component of SkyPower's strategic plan. About Marathon Capital, LLCMarathon Capital is an experienced investment banking firm focused on the global energy and infrastructure markets, with expertise in renewable energy financing, solar aquistitions, and wind M&A. Marathon is headquartered in Bannockburn, Illinois and maintains offices in New York City and SanFrancisco. Marathon Capital's website is . About SkyPowerSkyPower is a Canadian leading independent renewable energy developer with interests in over 50 wind and solar projects at various stages of development across Canada, representing more than 7,000 MW of potential capacity. SkyPower's strategy involves bringing a portfolio of renewable energy projects from exploration phase through to construction and commercial operation. For further information about SkyPower or to explore partnership opportunities, please . About Genuiuty CapitalGenuity Capital Markets is an independent investment dealer that provides comprehensive research, trading, sales, underwriting and M&A services from offices in Canada's four major financial centers as well as New York and Boston (through GCM USA Corp. subsidiary). Genuity Capital Markets and GCM USA are operating subsidiaries of parent Genuity Financial Group. The firm's website is . For more information about Marathon Capital's wind financing services, please contact us at 847-574-2670. View printable version of this press release.
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