Sumitomo Mitsui Banking Corporation Takes an Equity Stake in Marathon Capital
Posted on 06/28/2022
Formed in 1999, Marathon Capital, LLC is an investment banking firm. Marathon Capital entered into a strategic collaboration agreement with Sumitomo Mitsui Banking Corporation (SMBC), one of the largest industrial, energy and infrastructure lenders in the world. SMBC is a member of SMBC Group. In conjunction with the agreement, 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 strategic collaboration agreement, 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 market-leading 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.
Advisors
RIMON PC and Neal, Gerber & Eisenberg LLP provided legal advice to Marathon Capital. Sheumack & Co. GMA, LLC. (SHEUMACK GMA) served as exclusive strategic and financial advisor to Marathon Capital. SMBC was advised by Shearman & Sterling LLP and Skadden, Arps, Slate, Meagher & Flom LLP.
Keywords: Sumitomo Mitsui Financial Group, Inc.