MOVES-UBS Canada M&A head Belan leaves to launch own firm, sources say (opens in a new tab)
Reuters reported Belan's exit from UBS to found Toronto-based Karst Capital, an M&A advisory and merchant bank, with mining banker Greg Jones joining him.
Canadian Investment Bank
Toronto M&A advisory boutique and merchant bank led by former bulge-bracket Canada heads
0 open roles0 deals2 people2 sources
Karst Capital Partners is a Toronto-based boutique that combines M&A advisory with merchant banking (company formations, carve-outs and buyouts). It was formed in July 2023 by Joe Belan, previously UBS's head of M&A for Canada, and focuses on natural resources, industrials, technology and consumer products. It is a very small, senior-led shop: the website names two leaders and no student or analyst program.
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Strategic M&A advice on complex situations, aligning transactions with a company's strategic goals.
Principal-style work facilitating complex transactions such as company formations, corporate carve-outs and buyouts.
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Reasons that work in interviews
At this size the interviewer is usually a founding partner, so a reason assembled from the firm’s homepage will not survive. Build the answer from four things instead, in order: one named transaction from their tombstones and what you found interesting about it; who you would report to, and what you want to learn from them specifically; why small, in your own words, tied to something you have actually done; and why this sector or region, if the firm has one.
There is little reliable public material on Karst Capital Partners, and an answer assembled from a homepage will not survive a founding partner. Build it from one named transaction, who you would report to, and why you want a team this small.
Establish first: sector focus, team size and recent mandates.
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Typical background
GuidanceNo prior finance experience required.
Global bulge brackets and elite boutiques
Global banks
Karst Capital Partners works as one generalist team: bankers staff deals across these sectors rather than joining a group, so there is no group to pick when you apply. Toronto boutique formed in 2023 combining M&A advisory and merchant banking; it lists four key sector focuses but no separate teams.
Natural ResourcesIndustrialsTechnologyConsumer Products
Mergers And AcquisitionsMerchant Banking
Chairman & CEO
Senior Leadership
Founder of Karst with about 25 years in natural resources, industrials, mining equipment and technology as an M&A adviser, principal investor and executive. He advised mining and industrial clients at Goldman Sachs, Credit Suisse First Boston and UBS, where he was head of M&A for Canada before leaving in 2023 to launch Karst. He has also been executive chairman of Norcast Castings, a managing director at Pala Investments and a senior adviser to CPP Investments.
Vice Chairman
Senior Leadership
Investment banker with about 40 years of experience focused on global mining, metals and energy. He was previously CEO of Morgan Stanley Canada, Credit Suisse First Boston Canada and Deutsche Bank Canada. The firm credits him with advising on large Canadian and cross-border deals including Petro-Canada's merger with Suncor, Rio Tinto's acquisition of Alcan and Xstrata's acquisition of Falconbridge.
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Reuters reported Belan's exit from UBS to found Toronto-based Karst Capital, an M&A advisory and merchant bank, with mining banker Greg Jones joining him.
The firm says it was formed in July 2023 as a boutique M&A advisory firm and merchant bank.
No sourced transactions or people moves for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Karst Capital Partners · Date unavailable · karstcp.com
Reuters (via Yahoo Finance) · Aug 17, 2023 · ca.finance.yahoo.com
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