Marathon Capital, an independent investment banking firm, entered into a strategic collaboration agreement with Sumitomo Mitsui Banking Corporation. SMBC is a member of SMBC Group, a global financial group headquartered in Tokyo with approximately $2 trillion of consolidated total assets.
In conjunction with the SCA, the parties have entered into a definitive agreement for a minority equity investment in Marathon Capital. The proceeds will be used to accelerate the firm’s growth and expansion.
Under the SCA, Marathon Capital and SMBC will collaborate towards the origination and execution of new mandate activity covering strategic advisory, capital markets and credit solutions for both firms’ clients globally. Marathon Capital’s strategic advisory practice will augment SMBC’s global reach and credit, debt capital markets and structured finance capabilities. SMBC’s balance sheet and lending capacity will supplement Marathon Capital’s equity raising, project financing, tax expertise, off-take advisory services and M&A franchise. Together, they will help clients work through their own unique transitions toward a zero and low-carbon energy future.
Since its founding in 1999, Marathon Capital has been dedicated to working as an independent advisor to an increasingly global client base comprising of corporations and institutional investors focused on navigating the increasingly complex and evolving sustainable global energy, infrastructure and technology markets. Marathon Capital has grown rapidly in recent years amid the broad and accelerating global energy transition while simultaneously expanding its professional team across all levels and departments, increasing the firm’s products and services, and building out its geographic footprint.
“Marathon Capital’s partnership with SMBC is a pivotal strategic milestone, enabling us both to create bold sustainability solutions for our clients through enhancements across various capabilities, as well as the expansion of our teams,” Ted Brandt, Marathon Capital founder and chief executive officer, said. “As companies and governments across the globe continue to evolve their climate and energy security objectives, Marathon Capital, in partnership with SMBC, will continue to help clients navigate their industries and achieve both short- and long-term goals. We are delighted to have found our ideal partner in SMBC and we very much look forward to working together to deliver innovative and efficient solutions to our respective clients.
“Our partnership with Marathon Capital is a unique and compelling opportunity for SMBC to drive increased client engagement and solutions that support our sustainability objectives,” Hiro Otsuka, chief executive officer of SMBC Americas Division and President and CEO of SMBC Americas Holdings, said. “We look forward to working together with the team at Marathon Capital to help further accelerate the growth of our respective strategic advisory businesses, providing our global clients a broader depth and mix of products in the renewables and clean energy space.”