Macquarie Capital Initiates Expanded Coverage of Industrials in Americas with Senior Appointments
15 January 2019 - 11:30PM
Business Wire
● Robert Bayer, Ajay Singh join to head industrials coverage in
the Americas
● Bayer to lead Paper and Packaging, Singh to lead Chemicals
coverage across Americas, Europe and Asia
● Steven Kongmuang appointed Senior Vice President on
industrials team, focused on building products, materials and
distribution
Macquarie Capital, the corporate advisory, capital markets and
principal investment arm of Macquarie Group (ASX:MQG; ADR:MQBKY),
today announced that it is initiating expanded coverage of the
industrials sector in the Americas, led by two newly appointed
executives.
Robert Bayer and Ajay Singh have joined Macquarie Capital as
Senior Managing Directors and will be Co-Heads of Industrials in
the Americas. In addition, Mr. Bayer will lead Macquarie Capital’s
coverage of the paper and packaging sector in the Americas, Europe
and Asia, while Mr. Singh will lead coverage of the chemicals
sector across the same regions. Both will support and leverage
Macquarie’s capabilities across geographies and business lines.
Mr. Bayer joins Macquarie Capital from Guggenheim Partners,
where he was a Senior Managing Director leading the firm’s paper
and packaging coverage. Previously, Mr. Bayer was Managing Director
and Head of Packaging, Paper and Forest Products at Jefferies
Group. Before that, he held senior positions specializing in paper
and forest products at Bank of America Merrill Lynch.
Mr. Singh comes to Macquarie Capital from UBS, where he was
Managing Director, Global Head of Chemicals for more than 10 years,
establishing and expanding industry-leading coverage of the sector.
He built relationships with leading financial sponsors as well as
chemical companies globally, including clients in China, India,
Israel, Brazil, Germany, Canada and Japan. Before UBS, he covered
chemical companies at Donaldson, Lufkin & Jenrette and Credit
Suisse First Boston after its acquisition of DLJ.
Also joining Macquarie Capital’s industrials team in the
Americas is Steven Kongmuang, a Senior Vice President who will
focus on building products, materials and distribution. He will be
based in Chicago, report to Mr. Bayer and Mr. Singh and joins
Macquarie Capital from Credit Suisse, where he was a Director in
the firm’s industrials practice.
The industrials sector is a major focus for the financial
sponsor community, a core constituency of Macquarie Capital. The
industrials team will focus on M&A, debt and equity capital
raisings and providing customized solutions to clients globally
that may incorporate Macquarie Capital’s principal investing
capability.
“Financial sponsors are highly active in the industrials sector
and continue to drive robust transaction activity. Rob and Ajay are
seasoned advisors who can help us make a leap forward in our sector
coverage. Steven will help us serve clients in the building
products, materials and distribution spaces,” said Michael
Silverton, Head of Macquarie Capital, Americas, Europe and Asia.
“Our platform – which features leading leveraged finance and
principal investing capabilities – will provide Rob and Ajay with
additional tools to support clients and deliver value.”
“Both Rob and Ajay have the industry expertise and relationships
to complement our domestic and cross-border M&A offering,” said
Robert Bertagna, Vice Chairman and Head of Mergers &
Acquisitions at Macquarie Capital.
Macquarie Capital has been active in industrials globally. In
Germany, it advised Bosch Mahle Turbo Systems on its sale to
FountainVest Partners and made a principal investment in Schur
Flexibles. Other engagements include advising the UK’s 3i Group Plc
on the sale of its GEKA Holding GmbH unit to Sulzer Ltd. In the US,
Macquarie Capital advised Loews Corporation on the acquisition of
Consolidated Container Company and provided financing. It also
acted as joint bookrunner and joint lead arranger on a cross-border
financing package for Solenis International.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking,
financial, advisory, investment and funds management services.
Founded in 1969, Macquarie employs over 14,800 people and has
assets under management of more than $395.4 billion (as of
September 30, 2018). For more information, visit
www.macquarie.com.
About Macquarie Capital
Macquarie Capital combines grounded thinking with innovative
approaches to develop transformative ideas and realize greater
possibilities for our clients - our partners. We look beyond
convention to connect our clients with ideas and opportunities
others don’t see, while our global platform, specialized expertise
and comprehensive services allow us to deliver what others
can’t.
Our capabilities encompass corporate advisory and a full
spectrum of capital solutions, including capital raising services
from equity, debt and private capital markets and principal
investments from Macquarie’s own balance sheet. These offerings are
reinforced through our deep sector expertise in aerospace, defense
and government services, consumer, gaming and leisure, financial
institutions, infrastructure and energy, real estate, resources,
services, telecommunications, media and technology sectors across
the US with 402 transactions completed, valued at $264 billion in
the year to 31 March 2018.
https://www.macquarie.com/us/corporate/advisory-and-capital-markets/lookbeyond
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