David Lechner

David Lechner

Denver, CO, United States
Member since December 12, 2016
David has completed over $25 billion of M&A and capital markets transactions over a 15+ year career with leading firms like Accenture and Jefferies and completed numerous research, diligence, and finance projects as an independent consultant. Recently, he’s helped a blockchain tech startup scale up from seven contractors to a staff of 80. David joined Toptal to help clients with strategic transactions, process improvement, and project management.
David is now available for hire
Career Highlights
Education
Case studies
Industry Expertise
  • Industrials
  • Telecommunications
  • Transportation & Shipping
Other Expertise
  • Blockchain
  • Capital Budgeting
  • Mergers & Acquisitions (M&A)
  • Restructuring
  • Strategic Planning & Execution
Employment
  • Chief Financial Officer
    2017 - 2018
    Salt Lending | Salt Blockchain Asset Management
    • Oversaw the scaling of a financial technology marketplace enabling asset-backed lending for blockchain and distributed ledger technology assets such as cryptocurrencies.
    • Drove all the aspects of finance and administration infrastructure creation. Was responsible for accounting regulation compliance, audit work, financial reports, HR/payroll/benefits, asset management, treasury, insurance, partnership development, and capital markets activities.
    • Managed a $200 million balance sheet, this included owning the treasury management, cash flow forecasting and financial statement creation; currently completing company’s first accounting audit and tax filings.
    • Built an accounting and finance team of six from the ground up.
    • Established first-time policies and procedures for accounting, controls, tax, transfer pricing, and insurance and expense management.
    • Produced accurate burn rate forecasts and growth projections which streamlined the reporting cycle times by 80%.
    • Supported $50 million of annual membership sales with related P&L management and sales targeting.
    Focus areas: Capital Budgeting, Management Accounting, Growth Capital Raising, P&L Forecasting, Audit Management, Hedging
  • Lead Consultant | Chief Financial Officer
    2015 - 2017
    Independent Consulting
    • Oversaw 15+ business planning, investment, and fundraising projects.
    • Managed and was responsible for the market research, industry analysis, due diligence, scorecard development, modeling, forecasting, proposals, and project management.
    • Derived market rates and engineered pricing tool for the owner of 100 wireless towers which enabled a 125% valuation uplift.
    • Authored a self-storage industry report which was completed 20% ahead of schedule and aided a $4 million facility buildout.
    • Researched and formulated s client telecom sector investment scorecard which enabled a $200 million acquisition.
    • Spearheaded the RFP development for industrial IoT company which reduced annual connectivity costs by 40%.
    • Estimated the flow share and growth which supported a PE firm’s bid for a 20% stake in an African telecom operator.
    • Advised 20 startups and angel stage companies which fueled numerous fundings over a 12-month period.
    Focus areas: Mergers & Acquisitions (M&A), Market Research, Finance Strategy, External Financial Reporting, Due Dilligence, Capital Markets, Valuation
  • Vice President, Corporate Development
    2014 - 2015
    Zayo
    • Oversaw the M&A and integration planningnas well as capital markets transactions. Responsible for supporting financial reporting and accounting/audits, investor relations, board meetings, and special projects from executives.
    • Managed up to four direct and indirect reports and external professionals.
    • Completed debt issuances—refinancing and issuing $4 billion in debt and saving ~$200 million in annual interest expenses.
    • Drove equity issuances which brought to fruition a $450 million initial public offering and $600 million follow-on.
    • Drove a large-scale M&A which completed $675 million acquisition and bridge loan for Latisys, a data center company.
    • Solely ran smaller M&A and completed a $51 million acquisition of Ideatek, a Kansas-based fiber company.
    • Sourced M&A opportunities and drove acquisition pipeline—compiling actionable list of 30 targets.
    Focus areas: M&A Earn-out Agreements, Mergers & Acquisitions (M&A), Capital Markets, Investment Memoranda, Due Dilligence, Financial Reporting, Finance Strategy, Accounting Consolidation
  • Vice President
    2012 - 2014
    Canaccord Genuity
    • Oversaw the debt financing and transaction execution.
    • Managed the business development across metals and mining, technology, sustainability, and health care.
    • Hired and trained junior staff and managed up to six direct and indirect reports.
    • Pitched for mandates—completing a $150 million convertible preferred financing for Iridium.
    • Supported public debt offerings; completed a $500 million dividend recapitalization for Authentic Brands.
    • Educated CEOs & CFOs on market opportunities; completed $150 million bond offering for Headwaters.
    • Drove lender/investor targeting by completing a $90 million acquisition financing for Intertain.
    • Devised flexible financing alternatives by completing a $25 million debt financing for Essar Steel Algoma.
    • Contacted potential hybrid lenders and investors which completed a $25 million equity raise for Dragonwave.
    Focus areas: Mergers & Acquisitions (M&A), Capital Markets, Market Research, Financial Modeling, Private Credit
  • Associate, Industrials Group
    2010 - 2012
    Jefferies & Company
    • Drove the M&A processes from end-to-end aiding in the closing of a $250 million sale of TVC Communications (telecom) to Wesco.
    • Developed new business opportunities and pipeline which conducted a $145 million equity offering for XPO Logistics (transportation and logistics).
    • Educated investors on industry developments which helped complete a $225 million bond offering for Quality Distribution (transportation and logistics).
    • Raised capital to enable restructuring which completed a $95 million financing for Motorcar Parts of America (automotive).
    • Presented alternative structures to borrowers which supported the $260 million sale of Guilford Mills (automotive) to Lear.
    • Contacted potential buyers and conducted marketing for $300 million sale of Woodcrafters (building products) to Fortune Brands.
    • Completed ad-hoc requests from prospective clients.
    • Supported the new analyst and associate training.
    Focus areas: Mergers & Acquisitions (M&A), Valuation, Capital Markets, Due Dilligence, Market Research, Financial Modeling
  • Associate, Restructuring & Debt Advisory
    2008 - 2010
    Rothschild, Inc.
    • Valued distressed companies which aided in finishing off a $700 million recapitalization and restructuring of Accuride.
    • Navigated contested valuations by advising on a $1.3 billion valuation for GE Sea Containers.
    • Maximized creditor recoveries by conducting a $2.3 billion bankruptcy filing and liquidation of Circuit City.
    • Educated C-level executives on the market and devised alternative financial structures which kept Borders out of bankruptcy for two consecutive years.
    • Presented alternative structures which supported an ~$1 billion amendment for strategic hotels and resorts.
    Focus areas: Debt Restructuring, Financial Restructuring, Financial Modeling, Bank Debt Raises, Equity Valuation
  • Analyst, Consultant
    2002 - 2006
    Accenture
    • Improved material and asset utilization by reducing the inventory by $1 billion and improving the cash flow by $130 million/year.
    • Streamlined the distribution and warehousing by implementing process improvements that decreased costs by 20%.
    • Led the design of a risk assessment tool which improved data analysis by 20% while cutting the process time by 75%.
    • Facilitated change management and performed project management office functions which in turn created a supply chain shared service, resulting in a 15% cost reduction.
    Focus areas: Systems Integration, Merger Integration, Requirements Gathering, Process Improvement, Warehousing, Supply Chain
Education
  • Exchange Student in International Business
    2008 - 2008
    Hong Kong University of Science and Technology - Hong Kong
  • Master of Business Administration (MBA) degree in International Business
    2006 - 2008
    New York University - New York City, NY, USA
  • Bachelor's degree in Business Administration
    1998 - 2001
    University of Western Ontario - London, Canada

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