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Jones Lang LaSalle JLL — popularly known as JLL — recently announced that it has reached an agreement to acquire North America-based renewable energy investment banking firm Javelin Capital. Subject to obtaining regulatory approvals and the completion of customary closing conditions, the transaction is expected to close shortly.
This acquisition is set to significantly bolster JLL's U.S. Energy & Infrastructure Capital Market capabilities, building upon its established expertise in Europe and Asia, where it has successfully completed more than 150 transactions with an enterprise value surpassing $20 billion. This will also enhance the company's overall Capital Markets platform.
With this strategic move, JLL will be able to function as a global capital advisor in energy and infrastructure, addressing the needs of both core and potential clients who are large infrastructure investors. The offerings provided by Javelin Capital will allow JLL to provide comprehensive solutions for new market participants alongside public and private funding opportunities and energy investments from existing clients.
Javelin Capital's M&A, restructuring, capital raising, debt and corporate finance service mix and client base will complement JLL's global offerings and business. Based in New York and Chicago, it will join JLL as part of the Capital Markets, Americas business.
This news comes at a time when the clean energy sector is growing at a speed that has never been seen before. This growth is because of rising demand, stricter rules, better technology, and the compelling economics of renewable energy. According to JLL Research, as more regions deploy clean energy, it becomes the most cost-effective fuel option. This uptick in activity generates enhanced opportunities for companies involved in capital raising, sell-side and buy-side advisory, and project finance advisory, all of which Javelin Capital specializes in.
Management Commentary
Per Richard Bloxam, CEO of Capital Markets at JLL, "Welcoming Javelin Capital to the JLL team expands our ability to guide clients with end-to-end support through the clean energy transition, bolstering our team in the U.S. to match our leading work in the space across Asia and Europe. This acquisition allows us to help clients realize the advantages of renewable, clean energy with the support of our Capital Markets and Real Estate Management Services teams."
JLL: In a Snapshot
The company continues to invest strategically to capitalize on market consolidations. The company’s superior operating platform and market share expansion have helped it achieve strong growth as well as a decent cash level. Over the past years, the company has undertaken several strategic acquisitions as part of its global growth strategy, thereby expanding its capabilities in certain service offerings.
