Zurich, 04-03-11. The Directors of ThomasLloyd Group PLC are pleased to announce the acquisition of Bronzeoak Ltd, Euromoney and Ernst & Young Entrepreneurial Developer of the Year 2009. Bronzeoak Ltd is the principal subsidiary of Bronzeoak Group Ltd. This will be merged with ThomasLloyd Capital LLC, ThomasLloyd´s investment banking division, to create a single investment banking and development services company, servicing the renewable and cleantech sectors. Services will include capital raising, M&A, corporate finance, development advisory and due diligence services to investors, bankers, technology and project companies and independent developers.
The merged business, known as ThomasLloyd Bronzeoak, will be headquartered in London, UK, with representative offices in New York, Zurich, Manila, Jakarta and Singapore.
Michael Sieg, Chairman & CEO of ThomasLloyd, says “our focus on renewable energy and the cleantech sector will be much enhanced by the experienced technical and commercial skills of Bronzeoak’s team. We are very excited about the opportunity this brings both for our investment banking business and for investment by our recently launched renewable energy and cleantech infrastructure fund.”
Graham Stowell, Managing Director of Bronzeoak Group, says “the whole renewable energy sector is ripe for a new investment approach which combines both development and banking skills. Developers often need additional resources to be able to properly deliver their projects. Investors are always looking for experienced management teams to give them comfort that their investment is in good hands. ThomasLloyd Bronzeoak will be able to service both needs and provide a market lead in this major growth sector. This is a very exciting and new endeavour.”
Tony Coveney, Head of Investment Banking, says “the rapid growth in demand for renewable and cleantech services requires some different thinking in the services offered to clients. Combining both development services and finance in one team puts ThomasLloyd Bronzeoak at the forefront of this market opportunity.”