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Cheryl Cheng, CPA, CFA, Finance Expert in Toronto, ON, Canada
Cheryl Cheng, CPA, CFA

Finance Expert in Toronto, ON, Canada

Member since March 8, 2021
Cheryl is a seasoned full-stack financial advisor who supported $5 billion in fundraising (debt/equity financing, venture/growth/PE financing), closed $20 billion in transactions (financial analysis, modeling, due diligence), and prepared companies for audit/IPO readiness. She held roles in advisory and audit practices at Tier-1 accounting firms and corporate development at a Fortune 500 company. Cheryl enjoys working with entrepreneurs and founders to grow their vision into a thriving business.
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Career Highlights

Select Certifications

Case studies

Expertise

Employment

  • Senior Manager

    2014 - 2020
    KPMG
    • Closed acquisition of $3 billion midstream assets (including processing facilities and pipelines/storages/terminals) in Western Canada. Performed credit rating and market benchmarking analysis in support of $1 billion debt financing.
    • Performed independent valuation of a $2 billion PPP portfolio consisting of data infrastructures, transportation assets, education, and healthcare facilities in North America in support of litigation disputes for loss recovery.
    • Developed valuation framework based on industry best practices to improve governance and efficiency by 250%. Developed valuation models for $250 million-$1 billion private equity investments, $100-$250 million private debt positions, and $250 million-$1 billion PPP assets.
    • Closed acquisition of $500 million hotel and casino property in Las Vegas. Performed financial analysis supporting a $150 million revitalization plan, which resulted in a 200% increase in asset value in three years.
    • Closed a $1 billion acquisition of an AI-driven medical claims recovery company by leading a team of data scientists and lawyers to perform due diligence on the assets; target MOC of 3x in ten years.
    • Advised executives of a biotech company on structuring $300 million Series C to provide funding for clinical trials and allow the option for purchase upon FDA approval; expedited clinical trial and commercial use within a 24-month period.
    • Performed valuation of $3 billion loan portfolio and $1 billion derivative portfolio for regulatory review at a time of liquidity run-off; assisted executives in defending capital adequacy assertions and prevented regulatory sanction and take-over.
    • Closed a $5 billion M&A between an investment manager and a distressed credit lender. Performed financial due diligence and supported post-transaction integration. Boosted acquirer's net asset by 50% and share price increased by 50% in 12 months.
    • Performed model validations and valuation review on derivative products of Schedule I banks, covering futures/forwards, options, swaps, structured notes. Audited model logic and mechanical accuracy of models.
    Focus areas: Valuation, Mergers & Acquisitions (M&A), Modeling, Presentations, Due Diligence, Three-statement Modeling, 409A Valuation, Valuation of Financial Instruments, Fundraising, Banking & Finance, Financial Modeling, Biotech, Derivatives, Capital Markets, Monte Carlo Simulations

  • Senior Accountant

    2011 - 2014
    EY
    • Led the audit of a $100 billion Schedule-I bank with off-shore teams. Assessed SOX compliance by testing hundreds of controls and designing remediation plans to address control weaknesses. Opined on technical accounting issues and reporting requirements.
    • Led the audit of Richardson GMP’s $250 million acquisition of Macquarie Private Wealth. Reviewed the consolidation of accounts and purchase price allocation and designed and executed a test of controls on both sets of reporting systems.
    • Led the audit of various $1-$5 billion Schedule-II banks with a focus on loan loss allowance. Leveraged the off-shore team to increase efficiency by 50% by a reduced timeline of 30%.
    Focus areas: Audits, SOX Compliance, Accounting Policy, Internal Control Evaluation, Financial Reporting, Banking & Finance

  • Analyst, Corporate Development

    2008 - 2010
    Evergrande Real Estate Group China
    • Closed IPO at the HKSE and raised $800 million in equity with 10x oversubscription. Collaborated with bankers, lawyers, and auditors in completing the underwriting and due diligence process. Prepared investor presentations and roadshow materials.
    • Issued a high yield bond and raised $1 billion to fund an expansion plan outreaching to 50 new projects. Prepared financial materials in support of the underwriting and credit rating process and managed creditor relationships post-closing.
    • Negotiated the restructuring of $1.5 billion debt to PIK payment and extension of maturity, resolved liquidity crunch that could be lethal.
    Focus areas: Corporate Finance, Investor Relations, Fundraising, Financial Modeling

Education

  • Master's Degree in Management and Professional Accounting
    2010 - 2012
    University of Toronto - Toronto, Ontario, Canada
  • Bachelor's Degree in Business Administration
    2005 - 2008
    Simon Fraser University - Vancouver, British Columbia, Canada

Certifications

  • CBV
    JUNE 2016 - PRESENT
    CICBV
  • CPA (CA)
    OCTOBER 2014 - PRESENT
    CPA Ontario
  • CFA
    OCTOBER 2014 - PRESENT
    CFA Institution

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