Greentech launches European operation

The New York-based adviser on energy, industrial and resources infrastructure deals, has launched in Europe with a new Zurich office. Energy M&A veteran Damien Sauer heads the office, while former Allianz Capital Partners boss Thomas Putter is one of two new advisers to the firm.

Greentech Capital Advisors (Greentech), a US investment banking firm that focuses on energy, industrial and resources infrastructure globally, has opened a European office in Zurich.

The office is headed by new partner Damien Sauer, who has been hired from AREVA, the French nuclear and clean energy firm, where he was head of M&A. In a statement, Greentech said Sauer has worked on over 20 transactions in the nuclear, transmission/distribution and cleantech sectors with a total value of more than $8 billion.

Greentech has also drafted in Thomas Putter and Michael Naylor to its advisory council in order to provide the firm with “strategic direction and oversight” as it seeks to grow its presence in Europe.

Putter was chief executive of alternative investment firm Allianz Capital Partners from 1998 to 2009 and chairman until July 2010. Putter has invested in numerous renewable energy projects and companies. Earlier this month, he acted as chairman of the Infrastructure Investor: Europe event in Berlin.

Naylor has, according to a statement, been an adviser to “some of the world’s most recognisable sustainable energy leadership teams and consults widely in Europe, Asia and Sub-Saharan Africa”.

Greentech has recently advised on a couple of transactions in Europe. The firm was adviser to German biogas company agri capital on its sale of a majority stake to US infrastructure fund Alinda Capital Partners, which says it will invest €300 million in the firm over the next three years.

It was also adviser to Zurich-based power firm ABB on its minority investment in Novatec Solar, a Germany-based concentrating solar power (CSP) technology provider.