Anthony Steward, Finance Expert in Cape Town, Western Cape, South Africa
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Anthony Steward

Verified Expert  in Finance

Finance Expert

Location
Cape Town, Western Cape, South Africa
Toptal Member Since
March 17, 2022

Anthony has an insight into the tensions between capital and ops, board and management, and theory and practice. He's worked in corporate finance and PE and built, run, and sold a business. Lessons learned through mistakes in capital misallocation, strategic exuberance, and organizational design have given him insights into preventing or dealing with the same errors in other businesses. Anthony has wrestled with these mistakes' impact professionally and personally.

Interim CFOCorporate FinanceMergers & Acquisitions (M&A)Due DiligencePrivate EquityFinancial ModelingValuationRevenue & Expense ProjectionsCFOEconomicsBusiness Plan ConsultingAccountingBudgetingFundraisingPitch Deck ConsultantAnnual ReportTax

Career Highlights

M&A Advisor
Self-employed
Chief Financial Officer (CFO)
Medicare Health
Investment Manager
Spinnaker Growth Partners

Education Highlights

Master's Degree
INSEAD Business School

Case Studies

Work Experience

M&A Advisor

2022 - PRESENT
Self-employed
  • Executed a complex corporate restructuring in the retail fuel industry aimed at exiting a shareholder while separating the interests of the remaining shareholders.
  • Provided CFO advisory services. Restructured the business's operating cost structure saving upwards of 20%.
  • Carried out detailed due diligence on a retail fuel client on behalf of a private equity consortium and designed an attractive entry point.
Focus areas: Mergers & Acquisitions (M&A), Financing, Debt Raises, Debt Restructuring, Regulatory & Tax, Deal Structuring, Projects, Pitch Decks, Pitch Presentations, Pitch Deck Consultant, Interim CFO, Business Models, Business Modeling, Fundraising, Business Plan Consulting, Business Planning, Revenue & Expense Projections

Chief Financial Officer (CFO)

2015 - 2022
Medicare Health
  • Built a retail healthcare business from three retail pharmacies doing $3 million in revenue to 50 retail pharmacies, 48 nurse-led clinic operations, and a pioneering health technology business doing over $80 million in revenue.
  • Led over 15 acquisitions, delivering over $30 million in revenue, at an average EBITDA multiple of ±2.5x, and ultimately oversaw the sale of our business to the largest retail pharmacy group in 2021 in South Africa.
  • Drove a successful corporate and organizational restructure through COVID-19, 10 times more EBITDA, and ultimately positioning the business for sale.
  • Designed and developed the integrated data environment, enabling the cross-analysis of over 500 thousand individuals’ retail pharmacy behavior with their healthcare records enabling more than 1,000 workers to improve healthcare outcomes for patients.
Focus areas: Mergers & Acquisitions (M&A), Reverse Mergers, Operations, Data, Analytics, Sales, Cost Efficiency, Team Restructuring, Corporate Restructuring, Debt Restructuring, General Management, Deal Execution, Due Diligence, Supply Chain, Team Building, Organizational Design, Shareholder Return, Treasury & Liquidity Management, Financial Controls & Processes, Financial Reporting, Capital Raising, Growth Capital Raising, Debt Raises, Bank Debt Raises, Valuation, Forecasting, Sales Forecasting, P&L Forecasting, P&L Management, Valuation Analysis, CFO, Supply Chain Management (SCM), Revenue & Expense Projections, SaaS, Fundraising, M&A (Buy-side), Deal Analysis, Deal Sourcing, Deal Closure, M&A Pipeline Management, Budgeting, Budget Modeling, Budget Controls, Capital Budgeting, Budget Management, Annual Reports, Accounting, Annual Budgets

Investment Manager

2013 - 2015
Spinnaker Growth Partners
  • Led and participated in over 20 deal processes from origination through to execution.
  • Led the $3 million deal process to acquire Spinnaker’s healthcare platform at a 4x EBITDA multiple.
  • Originated the deal and structured the $2.5 million leveraged buyouts (LBO) solution for the acquisition of Spinnaker’s food platform.
Focus areas: Private Equity, Mergers & Acquisitions (M&A), Deal Sourcing, Deal Execution, Deal Closure, Term Sheet Negotiations, Negotiation, Financial Modeling, Modeling

Graduate Trainee

2008 - 2011
KPMG UK
  • Worked on a €1.5 billion SPV valuation project for Deutsche Bank. Led the development of mortgage liquidity and solvency model for two UK-based SPVs, enabling the SPVs' Boards to determine the SPVs' viability.
  • Contributed to the technical valuation advisory to Deutsche Bank. Valued mark-to-market equity index options by reconstructing pricing models and sourcing independent inputs, and providing the client with third-party verification of specific balance sheet exposure.
  • Completed due diligence for HBOS. Led team of four in the due diligence of Bank of Scotland (BOS) subsidiary, Birmingham Midshires (BM), and for BOS integration into Lloyds TSB Group.
Focus areas: Audits, Corporate Finance, Valuation
2012 - 2012

Master's Degree in Business Administration (MBA)

INSEAD Business School - Fontainebleau, France

2004 - 2007

Bachelor's Degree in Business Science and Finance

University of Cape Town - Cape Town, South Africa

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