Peter J. Solomon Launches Infrastructure Group
And Appoints Tim Bath as Managing Director and Group Head
Investment banking advisory firm Peter J. Solomon Company (PJSC) today announced the appointment of Tim Bath as Managing Director and Head of the firm’s new Infrastructure Advisory Group. Mr. Bath was previously Head of U.S. Infrastructure Investment Banking at RBC Capital Markets. The group will be based in New York. Additional team members are to be announced later this fall.
“The infrastructure sector, both domestically and abroad, has become a major focus of attention. With the pace of activity expected to accelerate and in keeping with our push to further diversify our advisory platform through expansion into new verticals, we feel it is an especially appropriate time to launch our own practice devoted to this critical area,” said PJSC Founder and Chairman Peter J. Solomon and PJSC CEO Marc S. Cooper in a joint statement. “Tim’s deep industry knowledge and transaction experience include being at the helm of a number of landmark projects, particularly in transportation infrastructure. We are excited about the unparalleled expertise and capabilities that he and his group will be able to provide clients across the infrastructure landscape. We also see tremendous synergies between Tim’s group and Natixis’ leading presence in global infrastructure financing; we look forward to the opportunities and solutions that we expect their collaboration will generate for clients.”
Mr. Bath’s more than fifteen years of experience includes strategic and financial advisory work in the forms of mergers and acquisitions, project and leveraged financings, private placements and restructurings executed across Europe and North America. His combined transaction value of over $30 billion includes advising a consortium comprising Canada Pension Plan, Ontario Teachers’ Pension Plan and Borealis Infrastructure on its $2.9 billion acquisition of the Chicago Skyway Toll Road; the board of SSA Marine on the successful restructuring and recapitalization of $2.1 billion senior secured debt; Porter Aviation on the sale of their ownership interest in the Billy Bishop Toronto City Airport Terminal; a consortium comprising Goldman Sachs Infrastructure Partners and Abertis Infrastructure on their $1.2 billion acquisition of the PR-22 and PR-5 Toll Roads; Highstar Capital on the recapitalization and subsequent sale of Ports America Group – the largest port terminal operator in the United States; Macquarie Infrastructure Partners on their acquisition of a 50% interest in NYK Lines U.S. port terminal operations; Cheung Kong Infrastructure Holdings (CKI) on their $350 million acquisition of Park’N Fly; a consortium comprising KKR Infrastructure and United Water on the structuring and closing of the Bayonne Water PPP Concession; and a consortium comprising Highstar Capital and Groupo Aeroportuario del Sureste (ASUR) on their $700 million acquisition of the Luis Munoz Marin (LMM) Airport in Puerto Rico – the first ever FAA-controlled airport to be privatized in the United States.
“I am delighted to be joining a firm with the reputation and M&A pedigree of PJSC,” said Mr. Bath. “Our infrastructure clients will benefit exponentially from the years of M&A expertise that reside in the PJSC offices, as we seek to continue to provide the highest level of service and advice to our client base and build a dynamic team to serve the ever expanding infrastructure sector.”
Mr. Bath joined the London office of RBC Capital Markets in 2005. In 2007 he moved to New York to assist in founding the firm’s U.S. Infrastructure Group, to which he was appointed Group Head in 2011.