Patrick Boyce, CFA, CPA
Verified Expert in Finance
Finance Expert
Kailua, HI, United States
Toptal member since September 28, 2017
Over his 25-year career, Patrick has advised over 100 companies while employed by high-yield juggernauts DLJ Los Angeles, Salomon, and Highland Capital. He holds a Chicago Booth MBA, CPA, and is a CFA Charterholder. He helps firms raise capital, restructure finance teams, negotiate effectively with financial counterparties, and increase their profitability. As a freelancer, Patrick enjoys working with a variety of firms and stakeholders.
Career Highlights
Education Highlights
Certification Highlights
Case Studies
Industry Expertise
- Accounting Services
- Finance
- Venture Capital & Private Equity
- Healthcare Services
- Non-Profit & Charitable Organizations
- Retail
- Financial Modeling
- Industrials
Other Expertise
- CFO
- Financial Modeling
- Financial Planning & Analysis (FP&A)
- Mergers & Acquisitions (M&A)
- Pitch Decks
Work Experience
Chief Operating Officer
True North America, Inc.
- Led global operations for custom software professional services firm including finance, accounting, human resources, legal, and engineer utilization.
- Conducted strategy workshops, developed the pitch deck, identified potential investors, and negotiated all documentation for successful Series Seed financing.
- Reduced unbilled hours by 50% by implementing a new project and resources tracking cloud-based software system.
- Created annual three-statement financial models for budgeting and operations.
- Established real-time financial and operating dashboards based on company-wide OKRs.
Chief Financial Officer
Le Jardin Academy
- Led financial operations and strategic development for $19 million Pre-K–12th grade independent school.
- Executed $15 million debt restructuring, resulting in new credit facility with 3.625% weighted average rate and six-year term.
- Recruited consultants from McKinsey & Company to conduct pro bono strategic review and develop six-year strategic plan, which we completed in March 2017.
- Sourced and negotiated affiliation agreement with internationally-focused, Hawaii-based university, allowing the school to expand its international recruiting, the first of its kind in Hawaii.
- Reduced annual operating costs across multiple divisions by over 30% by analyzing contract costs and vendor recruitment.
Partner, Chief Financial Officer and Head of Private Equity
Highland Capital Management
- Evaluated and executed numerous strategic business line acquisitions and divestitures, including the sale of Highland’s European CLO business to Carlyle Group in 2012.
- Negotiated diplomatically and successfully with “hostile” bank group during 2008 / 2009 credit crisis, resulting in a highly favorable outcome for Highland.
- Restructured finance team to streamline span of control due to transition to Head of Private Equity.
- Implemented highly successful “playbook” approach to process documentation in order to improve operating efficiency across the firm.
- Promoted to Partner as first non-investment professional in firm's history.
Vice President
Citigroup/Salomon Smith Barney
- Completed representative transactions, including sole-managed high-yield offerings and exclusive sell-side engagements.
- Raised equity and debt capital for category-leading firms such as Gamestop (IPO), Brinker International Restaurants (convertible debt), and Rent-Way (high yield offering).
- Advised board special committees on sell-side transactions involving companies such as Kinko's, Dean Foods, and Travelocity.
Associate
Donaldson, Lufkin & Jenrette
- Worked in the Los Angeles office and focused on developing capital structure alternatives using detailed financial models; calculated and analyzed liquidity and leverage and coverage ratios; valued companies using DCF, IRR, and comparable company analysis; and modeled and set financial covenants.
- Executed in excess of ten transactions including IPOs, high-yield offerings, and M&As for financial sponsor clients across a wide variety of industries.
- Served on projects with clients such as Bell Sports, Hollywood Video, Intertainer (video on demand), Crown Media (Hallmark Channel), Taco Cabana, and multiple private equity firms including TPG, Brentwood Associates, and Ares Capital.
Education
Master of Business Administration (MBA) Degree in Finance and Accounting
University of Chicago - Chicago, IL
Bachelor's Degree in Finance
Baylor University - Waco, TX
Certifications
Negotiations: Advanced Master Class
Harvard Law School Program on Negotiation Executive Education
Chartered Financial Analyst (CFA)
CFA Institute
Certified Public Accountant (CPA)
AICPA
Skills
Finance
CFO, Financial Modeling, Debt Restructuring, Mergers & Acquisitions (M&A), Financial Model Auditing, Bank Debt Raises, Credit Analysis, Private Equity, Revenue & Expense Projections, Valuation, Valuation Modeling, Credit/Debt, Accounting, Financial Planning & Analysis (FP&A), Budgeting, Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Private Equity Valuation, Forecasting, Financial Reporting, Fundraising, Finance Process Improvement, Financial Restructuring, Portfolio Analysis, Capital Raising, Zero-based Budgeting, Capital Structuring, Discounted Cash Flow (DCF), Comparable Company Analysis, Leveraged Buyout Modeling, Market Research, Fund Formation
Output Software
Microsoft Excel, Microsoft PowerPoint
Data & Analysis Software
QuickBooks Online, Financial Data
Industry Expertise
Nonprofits, Financial Services, Healthcare, Retail & Wholesale, For-profit Education, Health, Venture Capital, Industrials
Geographic Expertise
United States
Other
Business Plan Consulting, Healthcare Services, Strategy Planning, Pitch Decks, Fractional CFO, Interim CFO, Virtual CFO, EBITDA, Financial Analysis, Modeling, SaaS, Boards, Board Decks, Board of Directors, Biotechnology, Strategy, Bonds, Pitch Books, Leveraged Buyout (LBO), Leveraged Finance
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