Kelting to head European leveraged finance at Barclays

David Kelting, the joint head of Barclays Capital’s sponsor origination team, has been promoted head of European leveraged finance, replacing Chris Coles, who is going on sabbatical.

Barclays Capital, the investment arm of the UK’s Barclays Bank, has appointed John Kelting as head of European leveraged finance.
Kelting is currently joint head of Barclays Capital’s sponsor origination team, having joined the bank in 1998. He replaces Chris Coles, who is taking a sabbatical at the end of September to complete a master’s degree in international development.
John Leach will become sole head of the sponsor origination team as part of the move.
In his new role, Kelting will also work closely with the bank’s US and Asia operations in order to service clients looking for global coverage.
Barclays Capital has provided debt for a number of large European buyouts this year, including Danish telecoms operator TDC, acquired by KKR, Apax Partners, Blackstone, Permira and Providence Equity Partners for €10 billion ($12.7 billion) in March of this year; the £2.2 billion buyout of General Healthcare Group by a consortium including Apax Partners in January 2006; and ABN AMRO Infrastructure Capital Equity Fund’s purchase of ESP Pipelines Group from Terra Firma Capital Partners for £225 million in June.