Jack is available for hire
Hire JackJack Chang
Verified Expert in Finance
Finance Expert
Location
Houston, TX, United States
Toptal Member Since
November 27, 2018
Jack is an investment banking professional with 15 years of experience in corporate development (Tyco International), investment banking (UBS) and principal investing (GE Ventures). He has advised clients on $7+ billion in M&A and capital raise transactions across the industrial and energy sector. Jack is the founder of DGP Capital, an independent investment bank, and he joined Toptal to share his expertise with a wider array of companies.
Career Highlights
Managing Director
DGP Capital
Director
GE Ventures
Associate Director
UBS Investment Bank
Education Highlights
Master of Business Administration (MBA) Degree
University of Texas at Austin
Certification Highlights
Series 82
FINRA | Financial Industry Regulatory Authority
Series 63
FINRA | Financial Industry Regulatory Authority
Series 79
FINRA | Financial Industry Regulatory Authority
Case Studies
Industry Expertise
Other Expertise
Work Experience
Managing Director
2016 - PRESENT
DGP Capital
- Advised a private equity-backed LNG company on project financing and capital structure considerations for a $400 million investment. Duties included preparing financial models and providing the board and investment committees with analyses on project returns and capital structure recommendations.
- Advised a growth-stage industrial software company on an equity raise transaction, resulting in a 300% up round for prior investors. Duties included preparing financial models, crafting marketing materials, investor outreach, valuation and analyzing transaction structures.
- Provided capital raise advisory services to a water infrastructure services company, resulting in a $50 million capital commitment from a private equity firm. Duties included preparing financial models, crafting marketing materials, investor outreach, valuation and analyzing transaction structures.
- Advised a contract manufacturer of industrial electronics on a majority sale of the company, with key deliverables including financial models, marketing materials, buyer outreach, due diligence and analysis of LOIs.
- Spearheaded the overall management of the firm, including risk management, regulatory compliance, deal sourcing and managing relationships with more than 500 relevant strategic acquirers and private equity firms.
Focus areas: Due Diligence, Capital Structure Analysis, Capital Structuring, Recapitalization, Refinancing, Private Equity, Growth Equity, Private Equity Valuation, M&A (Buy-side), M&A (Sell-side), Corporate Finance, Financial Modeling, Valuation Modeling, Valuation, Finance Structures, Debt Raises, Equity Financing, Project Finance, Capital Raising, Mergers & Acquisitions (M&A)
Director
2014 - 2016
GE Ventures
- Led the financial due diligence for a growth equity investment in a distributed power company, with potential a cash-on-cash return of 2.0x.
- Provided GE Ventures' investment committee with due diligence and valuation recommendations for a $15 million growth equity investment in a process technology company. Duties included financial due diligence, valuation modeling, and market due diligence.
- Led the financial analysis and negotiations for a geosciences joint venture with a potential value of $100 million.
- Served as an alternate board member for an investment in the gas processing technology space. Duties included providing the board of directors with quarterly financial summaries and committee memos regarding investment decisions for a $300 million investment.
- Managed General Electric Ventures’ investments in energy, with equity commitments of $100 million. Duties included providing quarterly investment committee reviews on portfolio company performance and funding requests.
- Provided GE P&L leaders with a monthly market overview of investment activity and macroeconomic trends for the energy sector.
Focus areas: Capital Budgeting, Forecasting, Financial Planning & Analysis (FP&A), Financial Modeling, Investment Summaries, Investments, Investment Monitoring, Investment Thesis, Due Diligence, Valuation, Project Finance, Growth Equity, Startup Funding, Venture Funding
Associate Director
2012 - 2014
UBS Investment Bank
- Executed M&A, equity, and debt raise transactions totaling more than $7 billion in aggregate value for midstream, oilfield services, and upstream energy companies/partnerships.
- Advised Marathon Petroleum on potential capital and acquisition strategies which ultimately led to its decision to acquire MarkWest for $15 billion.
- Executed the Plains GP Holdings’ $3 billion initial public offering from bake-off to transaction close. Duties included financial modeling, creating investment memorandums and roadshow materials, and due diligence.
- Advised a power generation company on a $200 million acquisition of a pipeline entity. Duties included financial modeling, preparation of offering materials, and investment committee presentations.
- Provided financial modeling, investment presentations, roadshow materials and memorandums for the IPO of a midstream oil and gas (pipeline) company with a $6 billion market capitalization.
Focus areas: Valuation, M&A (Buy-side), M&A (Sell-side), Investment Memoranda, Investment Banking, Initial Public Offerings, Capital Formation Strategy, Public Tender, Debt Raises, Capital Raising, Growth Equity, Private Equity, Equity Offerings, Mergers & Acquisitions (M&A)
Corporate Strategy and Development
2006 - 2011
Tyco International
- Created investment cases for oilfield services technology ventures, resulting in over $3 million in corporate investments.
- Advocated a strategic partnership to senior management for entering the oilfield services market, culminating in an alliance that increased segment revenues by 35%.
- Provided financial modeling, investment committee materials, and synergy analysis for a $400 million acquisition in the industrial products sector.
- Led the development of strategic assessment of a $1 billion business unit, including market sizing and analysis of organic/inorganic growth opportunities, and profitability.
- Analyzed transfer pricing and channel profitability for a $200 million product line, uncovering a potential cost savings of $10 million.
Focus areas: Capital Budgeting, Business Planning, Financial Planning & Analysis (FP&A), Financial Modeling, Market Opportunity Analysis, Market Research, Corporate Finance, Strategic Planning & Execution, Finance Strategy, Investments, Mergers & Acquisitions (M&A)
Education
2011 - 2013
Master of Business Administration (MBA) Degree in Finance
University of Texas at Austin - Austin, TX, USA
1999 - 2004
Bachelor's Degree in Electrical Engineering
University of Texas at Austin - Austin, TX, USA
Certifications
MAY 2016 - PRESENT
Series 82
FINRA | Financial Industry Regulatory Authority
AUGUST 2013 - PRESENT
Series 63
FINRA | Financial Industry Regulatory Authority
AUGUST 2013 - PRESENT
Series 79
FINRA | Financial Industry Regulatory Authority