Sergio Ronga, who left Macquarie Capital at the end of February, has joined the debt advisory group of DC Advisory Partners in London as a managing director. He will work alongside existing managing directors Jonathan Trower and Ciara O’Neill and will provide advice on infrastructure and social service transactions.
In October 2010, Ronga succeeded Spence Clunie as head of Macquarie Capital’s UK and European infrastructure debt advisory operations when Clunie departed to establish Ancala Partners, an infrastructure and essential services investment firm. Infrastructure Investor exclusively revealed in early February that he would be leaving at the end of the month to be replaced in the role by 15-year Macquarie veteran Sam Newman.
Ronga joined the Macquarie debt advisory team in 2006, some nine months after it had been launched by Clunie. The team had only three members at that time, rising to 20 at the height of the market. He advised on transactions such as the acquisition and refinancing of utility Thames Water and refinancing of motorway services chain Moto. His 14-year finance career has also included spells with Deloitte & Touche, RBS and Deutsche Bank.
In a statement, Jonathan Trower said: “Sergio joins DC at a time when there is high demand for tailored, independent debt advice caused by the challenges of the current economic environment.” DC says one-third of the transactions it completed last year involved debt or restructuring advice.
DC Advisory Partners, known as Close Brothers Corporate Finance until 2009 when the business was acquired by Daiwa Capital Markets, is a pan-European corporate finance advisory firm. It has 200 employees in eight European offices and provides advice on M&A, debt raising, restructuring and IPOs.