United States
Over 20 years of credit & private equity experience with emphasis on middle market lending, special situations investing, middle market buyouts and leveraged finance and restructuring advisory. Exceptional investment track record in middle market credit and private equity. Specialties: Trading physical commodities (gasoline, ULSD, LNG, and crude oil) and bonds, middle market and special situations investing, loan and private equity investments, real estate investing, leveraged finance, restructuring, investment banking, mergers and acquisitions advisory, capital raising, financial sponsor coverage, family office advisory, business development, and trade finance.
Grosvenor Square Limited ("GSL") is a merchant bank that makes debt & equity investments in companies at all stages of the corporate life cycle & the oil & gas sector. GSL also trades physical commodities (such as refined fuels) through its Energy division and affiliated entities. We also provide certain restructuring services to middle market companies. Our leadership & senior advisors represent a team of seasoned senior operating executives and turnaround experts that have managed publicly-listed companies in various countries as well as portfolio companies for leading private equity firms. The Principals of GSL have successfully executed some very complex transactions including: 1) the $3.2 billion restructuring of Rite Aid (which contributed materially to over $3 billion of equity value for shareholders over a 6 month period); and 2) the refinancing of ON Semiconductor for TPG which was hailed as an "all-time" execution in the history of DLJ's #1 ranked Leveraged Finance franchise by the former Global Head of Leveraged Finance at DLJ. We make investments through our family offices which (among other things) previously owned controlling stakes in a large regional bank, a leading retailer, and a professional sports team.
Originated and executed investments in loans, mezzanine debt and equity in connection with acquisitions by private equity firms of companies in the technology, media, telecom, consumer and industrial sectors. Directed investment process from origination to realization. Originated, screened and analyzed investment opportunities, presented investment opportunities to credit committee, conducted due diligence and negotiated documentation. Actively monitored investments post-closing. Strong relationships with over 100 financial sponsors nationwide including: Ares, Aurora Capital, Bayside, Black Canyon, Boyne Capital, Cerberus, Clarity Partners, ClearLight, Francisco Partners, Friedman Fleischer, Genstar, Golden Gate, Gores, HIG, Leonard Green & Partners, Levine Leichtman, Mistral, Nautic, Platinum Equity, Sun Capital, TZP and TPG. Strong investment track record with over 85% of total investments realized to date at par or a premium and no credit losses. Investments included the top performing credit investment in NewStar’s portfolio in 2008 (company virtually tripled its EBITDA in 2008).
Originated and executed investments in first and second lien loans, bridge loans, mezzanine debt and equity for the Capital Solutions Group, Capital Opportunities Fund, Credit Opportunities Fund, CLOs and master hedge funds. Directed over $200 million of investments in companies in the industrial, business services, consumer, technology, media and healthcare sectors. Investments included a nominee for IDD’s “Middle Market Deal of the Year.” Screened and analyzed investment opportunities and drafted credit memoranda without support. Presented investment opportunities to the CIO and various Portfolio Managers. Conducted due diligence and negotiated documentation. Actively monitored investments post-closing. Managed relationships with other leading hedge fund lenders, management teams and sponsors. Strong investment track record with over 85% of total investments realized to date at par or a premium and no credit losses.
Originated and executed mergers and acquisitions, financings and restructurings primarily for portfolio companies of financial sponsors and public and private corporate clients. Provided oversight of preparation of fairness opinions and financial analysis including valuation and post-merger/acquisition impact on credit risk. Performed capital markets function for private financings by monitoring market conditions and advising on the optimal capital structure and indicative terms. Generated proprietary and actionable M&A ideas for financial sponsors and corporate clients.
Provided corporate restructuring services in connection with (i) the $3.2 billion restructuring of Rite Aid (voted Retail Deal of the Year by various publications) and (ii) consent solicitations for Global TeleSystems. Originated and executed high yield debt and equity financings and bank and bridge loans for companies in the retail, telecom, media, technology, industrial and business services sectors. Generated proprietary and actionable M&A ideas for financial sponsors and corporate clients. Strong relationships with leading financial sponsors including Leonard Green & Partners, Texas Pacific Group and Aurora Capital.