David is Sydney-based and is currently helping clients who have been impacted by a combination of an increased cost base, increased cost of capital and top-line pressure. David was in EY’s London Financial Restructuring team between 2018 and 2020 during “Brexit” where he was involved in supporting borrowers and their financial stakeholders through some of the largest restructurings in the region, many of which were triggered by the economic impact of the UK’s exit from Europe. Prior to that David was Sydney-based with his broad experience including acting as financial advisor on numerous large transactions for corporate and PE clients and a year’s secondment at bank, working through a distressed leveraged loan portfolio.
Key Sectors
- Property & Construction
- Health
- Consumer
- Manufacturing
- Infrastructure
- Financial services
Value proposition
- Highly experienced in building consensus among stakeholders with divergent and often competing views and interests
- Broad experience executing and advising on complex transactions in distressed and non-distressed situations
- Provides pragmatic and commercial advice
Selected projects
- Voluntary Administrator of Orange Private Hospital, achieving a successful sale of this distressed hospital. David is also currently involved in a number of other hospitals as appointee and in an advisory capacity.
- Voluntary Administrator of Lutum, one of three roofing manufacturing and installation businesses in Australia, which was spun out from Boral.
- Advised NSW Government on the highly sensitive divestment and closure of a business unit.
- Birmingham Highways £3b Project Finance Initiative (UK) - Financial advisor to a syndicate of 11 lenders & hedge counterparties in the successful restructuring of Europe’s largest roads PPP
- Appointed to various entities and properties in the Dyldam group, working with the secured creditors, contractors and department of fair trading to resolve defects and finalise construction. David is also appointed to various other properties and construction companies as well as advising lenders, government and contractual counterparties on builder and contractor risk, including Sydney Metro, Homes NSW and Housing Australia.
- Intu Properties (UK) – financial advisor to a syndicate of banks and funds lending to one of the UK’s largest property groups with £5b in debts, which ultimately involved contingency planning and enforcement
David is a Registered Liquidator; a member of the ICAA, TMA (member of the NSW Committee) and ARITA; and holds a Bachelor of Commerce from the University of Sydney.
