As the global head of high yield research at UBS, Frank led a team of 21 analysts and was the lead analyst on over 40 new issues, raising over $6 billion. Currently, he is a founding partner of a new cannabis debt fund. As a freelancer, Frank enjoys helping a wide variety of clients with challenging capital raises, valuation, and financing strategy, leveraging his Stanford MBA and his extensive experience as an analyst and entrepreneur.
Designed the curriculum and taught advanced valuation and credit class for senior accounting and finance majors.
Instilled student competence in business strategy analysis techniques including SWOT, value chain, and Porter's 5 forces through the use of challenging Harvard cases.
Utilized relatable examples like Netflix, Tesla, and Facebook to explain financial statement analysis techniques including financial ratios and vertical and horizontal analysis as well as more advanced concepts like bankruptcy prediction and financial manipulation detection.
Developed students' skills in the construction of integrated 3-statement financial models for use in the analysis of credit ratings and debt repayment capacity.
Taught sophisticated DCF valuation modeling including adjustments to historical financial statements.
Cultivated skills in comparable company analysis for credit quality and valuation.
Created and taught advanced data analysis class covering regression, time series analysis, logistic regression, factor analysis, and cluster analysis: class projects emphasized the role of "big data" in modern marketing and operations analysis.
Focus areas: Credit Ratings, Business Strategy, Comparable Company Analysis, Logistic Regression, Factor Analysis, Clustering Algorithms, Valuation Multiples, Financial Statements, Regression Modeling, Statistics, Valuation, Pro Forma Financial Statements, Credit Analysis, DCF Valuation, Equity Valuation
2004 - PRESENT
Led all phases of due diligence for a private equity purchase of minerals mining company, including on-site interviewing of target management, construction of comprehensive LBO model, valuation analysis, capital structure design, and negotiation with bank lenders.
Researched, modeled, and valued wind turbine blade manufacturing IP.
Built a complex corporate projection model for major Canadian trade finance company that was used to procure financing for a management buyout of the business.
Conducted a comprehensive review of the office REIT industry with long and short trade ideas that were successfully implemented by a distressed debt hedge fund.
Supported professors of psychology and criminology with innovative statistical analysis leading to academic journal articles.
Aided doctoral students with statistical support for their PhD theses.
Focus areas: Comparable Company Analysis, Five-year Projections, Financial Forecasting, Financial Planning & Analysis (FP&A), Business Strategy, Credit Analysis, Due Diligence, Intellectual Property Valuation, Valuation
Managing Director, Head of Research
2001 - 2004
Seaport Group, LLC
Served as a founding member in charge of research during the startup and growth of a highly successful distressed debt trading firm.
Hired, trained, and supervised sophisticated distressed debt analysts.
Conducted credit research and valuation analysis on companies in a wide variety of industries.
Evaluated bankruptcy and restructuring plans and complex loan agreements for trade ideas.
Designed creative inter-capital-structure arbitrage trade ideas.
Authored widely read "Best Picks" publication with investment suggestions that outperformed the distressed debt market for two years running.
Focus areas: Trading, Comparable Company Analysis, Credit Analysis, Supervisory, Research Reports, Valuation, Research, Distressed Assets
2000 - 2001
Collaborated with a former fellow partner from Dillon Read to advise on challenging M&A transactions.
Conducted due diligence, valuation analysis, modeling, and negotiation of bank financing for a $900 million acquisition of a public petroleum marketing company.
Negotiated the valuation and terms and obtained financing for a $1.5 billion regional food company acquisition.