Starting his career at Morgan Stanley, Godfrey has worked with both startups and large enterprises on $6 billion of strategic assignments. In 12+ years, this advisory has included M&A, divestitures, and equity and debt financings. Last year alone, he helped startups in the data center, transportation, drone infrastructure, and CPG spaces raise $14 million. Godfrey freelances as a means to broaden his network and deepen his industry knowledge.
Founded an investment firm with personal capital and with external backing, grew fund 31% in 5 years (vs. 20% for hedge fund peers).
Researched businesses, analyzed regulatory filings, and interviewed industry sources to understand companies’ unit economics, management, FCF generation, business model, competitive positioning, financial condition, and profitability prospects.
Employed a fundamental value investment process to identify companies with a high return on invested capital being sold at significant discounts to their long-term intrinsic values.
Launched a firm blog, Notes & Letters, and grew the readership to 3,000 in five years.
Focus areas: Value Investing, Data Analysis, Investment Thesis, Investment Monitoring
Partner | Chief Financial Officer
2015 - 2017
Connor Capital SB, LLC
Co-founded $35-million fund investing in transportation, technology, and infrastructure.
Fielded inbound acquisition opportunities and wrote memoranda justifying investments.
Negotiated and managed contracts with team of 20 across legal, banking, regulatory, administration, technology, and audit.
Built financial and operational infrastructure, including acquisition models and economic models for budget and cash flows.
Focus areas: CFO, Minority Investments, Investment Memoranda, Fund Formation, Fund Management, Fundraising, International Finance, Corporate Treasury
2011 - 2012
Sageview Capital, LP
Performed strategic, operational, and financial due diligence on technology, consumer, and digital media companies for a fund with $1 billion in assets under management in public and private markets.
Built models to analyze unit economics, relative/intrinsic valuation, credit metrics, and earnings forecasts.
Created the strategy and FP&A for an entertainment technology services company.
Developed an M&A pipeline and cash flow management processes for a distressed B2B portfolio company with $75 million in revenue and significant leverage.
Advised management of transportation and infrastructure firms on $6 billion in financial and strategic advisory assignments, including mergers and acquisitions, divestitures, corporate defense activities, and equity and debt financings.
Managed a team of eight in preparing Excel-based financial models, due diligence checklists, transaction documentation, and C-suite and board of director presentations.
Worked on a variety of transactions including the Continental and United Airlines Merger ($3 billion), Spirit Airlines IPO ($900 million), Swift Transportation IPO ($800 million), and the JetBlue sale of 19% to Lufthansa ($300 million).