David specializes in Fairness Opinions, Solvency Opinions and Surplus Opinions, Special Committee Financial Advisory, Liability Management Opinions, ESOP and ERISA Stock Valuations, 409A business valuations and other business valuation matters.
- Fairness opinion transaction expertise includes related-party transactions including GP-led secondaries, sell side/buy side mergers & acquisitions, spin-offs/split-ups/divestitures, going-privates, de-SPAC transactions and ESOP transactions.
- Solvency opinion and surplus opinion transaction expertise includes dividend recapitalizations, spin-offs/split-offs, dividend and stock-buybacks, debt refinancings and inter-company restructurings.
- Valuation expertise is broad and includes the valuation of complex securities, periodic valuations of the stock of ESOP-owned companies, 409A valuations, and periodic portfolio valuations for fund managers.
Representative private equity clients include:
- Kohlberg Kravis Roberts & Co., Carlyle Group (NASDAQ: CG), Oaktree Capital Management, Advent International, 26North Partners, Arbor Investments, Centerbridge Partners, Evergreen Coast Capital, Entrepreneurial Equity Partners, Amulet Capital, Acorn Capital Management, Centerview Capital, Centergate Capital, and Speyside Equity, among others.
Representative corporate clients include:
- Ancestry.com, Fortune Brands Innovations (NYSE: FBIN), Master Brand Inc. (NYSE: MBC), BBQ Holdings (NASDAQ: BBQ), Fathom Manufacturing (NYSE: FATH), Xtek, Inc., Daubert Chemical Company, Splunk (NASDAQ: SPLK), Pacific Life, Morningstar, Peabody Energy (NYSE: BTU), TXU Energy, Renewable Energy Group, Green Plains Renewable Energy, and Spencer Stuart, among others.
David has significant industry expertise in a broad range of industries.
Previously, David was an investment banker with Bear Stearns & Co. Inc. and served in senior executive corporate finance roles with Northern Trust and Citadel Hedge Fund. David also has prior technology and manufacturing consulting experience with Accenture and Price Waterhouse.
Education:
- The University of Chicago Booth School of Business, MBA, Finance and Accounting
- The University of Michigan, BSE, Industrial and Operations Engineering (magna cum laude)
- Financial Industry Regulatory Authority (FINRA) registered representative, Series 79 and 63 licenses.
