Marathon Capital vs Greentech Capital Advisors

Both companies cover renewables/cleantech:

Marathon Capital - seems more focused on project finance and hard asset financing/M&A.

Greentech Capital - seems more broad (i.e. energy-related software deals as well) and get the more "brand-name" deals . Also Senior ppl seem to come from ex-Bulge Brackets.

Am I Missing anything? Which firm is mre well-regarded? Does one have a more international scope than another? Which teaches hard skills more comprehensively? Add-on: because ex BB relationships, is GTC mostly the co-advisors on a deal? (aka reviewing the lead BB's work).

Much appreciated!

18 Comments
 

Not all too sure, haven't worked much with them. They do publish case studies on all their deals on their website though. Might be worth checking out.

I see the Nomura acquisition as positive. Will probably give them a platform into lending and other financing work, without much of a hit to their name. Could be wrong – again, not super sure about specifics.

 

Can you provide any insights into how the exit opps would be from a firm like Greentech?

 

Had a 2021 SA interview recently at Greentech.

Take below with a grain of salt but: Greentech offers a good mix of assets + platforms that is rare given other groups like Marathon mainly focus on project finance / individual assets themselves (lots of deal flow, very granular modelling), and bulges typically mostly focus on platforms (bigger transaction size, but much rarer). Deal teams are really small, even for large transactions (he referenced how the Pattern acquisition earlier this year was only a team of 5~ish people) and analysts get good reps

Was positive on the Nomura acquisition (nothing will change, etc, Greentech works independantly still)

 

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