Role: Chief Executive Officer, Chief Restructuring Officer, Non Executive Director, Adviser / Consultant / Coach
Dave is an investment banker, turned CEO. He started his career with NatWest/RBS in relationship banking, then Credit, moving into Leveraged Finance in 1996 as a deal-doer, backing many PE-backed MBO’s/LBO’s before moving across to the post-deal portfolio monitoring side in 2000. Since 2001, Dave has spent most of his time on small-mid-cap highly leveraged, stressed/distressed deals across UK, Europe and USA, where he initially represented RBS’ Mezzanine Fund (as Board Observer) to protect/enhance/recover value, working with executive boards and PE sponsors to deliver better solutions across a wide range of sectors including retail, leisure, manufacturing, automotive, printing and service businesses. He has undertaken a large number of Board Observer roles and lead restructures.
In 2008 he was headhunted into Landsbanki (now LBI), the Icelandic bank to run their Leveraged loan book, shortly prior to the bank’s collapse in Oct 2008 – this resulted in a multitude of restructuring activity (financial and operational) led by Dave where the bank had the equity economics either directly or through the debt. This sometimes involved taking direct board appointments, most notably Aurum Holdings Ltd (Watches of Switzerland/Mappin & Webb/Goldsmiths) [NED] and VCG (Holdings) Ltd [NED and later Joint CEO]. Dave has delivered some outstanding recoveries and value-enhancements for LBI’s creditors (Aurum won Turnaround of the Year 2013 at the IFT).
Most recently (Feb-15), Dave was asked to take on the Joint CEO role of VCG (a brand management and graphics group) where a 2-year turnaround delivered a successful exit/sale in January 2017 at a strong multiple.
Dave is currently free and looking for the next role(s).
- Institution Backed
- Private Equity Backed
Average Company Size (£Million)
- > 25
- > 100
- > 250
AVERAGE ASSIGNMENT LENGTH (MONTHS)
- 18 - 36
PREFERRED ASSIGNMENT LENGTH (MONTHS)
- 18 - 36
- Technology & Telecoms
- Consumer Goods & Retail
- Transport & Logistics
- Financial Services
- Energy & Natural Resources
MEMBER WORK REGION
London & South