Finance Expert in Fort Lauderdale, FL, United States
Member since June 13, 2017
Renzo has invested over $1 billion in listed and private companies during his 10-year career at hedge funds and has built a large global network of executives at banks, companies, and funds. His passion for startups led him to start his own and has grown his eCommerce firm to seven figures in annual sales and profitability within two years. He consults for businesses of all sizes in strategy, financial modeling, valuation, and capital raising.
Implemented a detailed asset liability and valuation model for a multi-billion dollar balance sheet. Recommended best liquidity and risk management practices to the head of market risk and his team. Created reports to monitor gap exposures, market value of equity, and sensitivity analysis to interest rates on a monthly basis.
Conducted a comprehensive balance sheet as well as market risk and valuation analysis of the European subsidiaries of a multinational company. Built advanced financial models to forecast monthly earnings, perform scenario simulations, and estimate the market value of equity. Trained a team of four analysts on best modeling practices. Created and documented detailed standard operating procedures to operate the models and update reports.
Advised a US investor in the successful sale of private-market shares of a multi-billion Latin American conglomerate. Developed the valuation methodology to estimate the fair value of the shares. Sourced two interested buyers from my network. Participated in the negotiation process and in the execution of the sale of these shares at a valuation in line with my estimates.
Advised the sushi-focused startup Sushi Pop on the investment amount required for the rollout of the first delivery center and the first restaurant in Lima, Peru. Evaluated and recommended the real estate locations for the initial growth stage. Integrated the food cost model with a comprehensive financial model that included KPIs to track the business on a monthly basis.
Enhanced the financial model of the project to include project timelines, target IRR, expected profitability, and payouts. Evaluated and improved their marketing documents and investor deck. Proposed a target capital structure that required $5 to $10 million of equity capital and funding via project finance.
Focus areas: Financial Advisory, Financial Modeling, Capital Raising, Capital Structure Analysis, Financial Planning & Analysis (FP&A), Portfolio Analysis, Private Company Valuation, Comparable Company Analysis, Equity Valuation, Valuation Multiples, Valuation Modeling, Valuation Analysis, DCF Valuation, Asset Valuation, Financial Statement Analysis, Pro Forma Financial Statements, Due Diligence, Fundamental Analysis
2014 - 2018
Cedar Holdings Management
Led the event-driven/special situations in-house strategy to double-digit annualized returns since joining. Increased the opportunity set that drove positive performance by adding four new coverage sectors and two situation types. Overhauled the investment process to increase the number of successful ideas passing through the research funnel by two per month on average.
Expanded the focus of the strategy from US-only to invest in Europe and Latin America. Established close relationships with regional investment banks to get access to roadshows and trade flow. Deployed over $10 million per year to trades in these new regions.
Supervised the execution of all trading activities having executed over 200 trades per year. Monitored closely with the trader the entry and exit prices of all investments, accounting for several million dollars in transaction value on a given week. Enhanced the rules to trade in and out of illiquid share blocks.
Oversaw the sourcing and due diligence of venture and private equity-like investments in technology companies. Actively interacted with venture capital firms, private banks, family offices, and other investment firms to source 10 good leads per year. Performed extensive analysis of the data room, industry players, and value chain on three deals per year on average.
Leveraged self-developed relationships with ECM deal captains to obtain sizable allocations in capital raises. Worked closely with underwriters to provide valuation and research feedback on equity issuance deals. Developed relationship with issuers during fundraising events such as pre-IPO rounds and test the waters roadshows.
Revamped the hiring process and training program to recruit analysts and interns. Recruited two analysts to join the team. Implemented an internship program that successfully preserved interns for one year on average.
Focus areas: Equity Research, Equity Valuation, Investment Thesis, Investment Summaries, Financial Modeling, Growth Equity, Investment Memoranda, Financial Statement Analysis, Capital Structure Analysis, Fundamental Analysis, Portfolio Analysis, Comparable Company Analysis, Private Company Valuation, Transaction Modeling, Investment Monitoring, Valuation Multiples, Value Investing
2012 - 2014
Discovered and performed extensive primary research on deep value and special situation opportunities in the US, Japan, Europe, and Latin America for a concentrated fund with 8 to 10 long holdings. Led the due diligence process of the largest portfolio holding which achieved a 2.5x return in three years.
Sourced long and short ideas from various sectors including software, video games, telecom, internet, industrial, consumer and services. Contributed three long investments that realized +50% returns within two years. Recommended two short investments that realized 40% returns within a year.
Enhanced the fund’s investment process for situations arising from spinoffs, turnarounds, tenders, SPACs and restructurings, increasing analyst output by one investment idea per quarter. Built hundreds of financial models that included financial statement projections, earnings power analysis, cash flow-based valuation, private market value, comparable multiples, and scenario simulations.
Evaluated a sub-$10 million distressed investment in the private Mexican subsidiary of a bankrupt US company and recommended against the investment. Conducted extensive analysis of the business model, the assets and the marketplace, and determined the operating targets set by management were unrealistic. The Mexican subsidiary ultimately filed for bankruptcy in three years.
Supervised the content and preparation of the weekly internal research note that was discussed with the principal and portfolio manager. Systematized the inclusion of relevant information updates for our portfolio holdings and watch list names, as well as a summarized overview of macro trends that could impact our investments.
Focus areas: Equity Research, Equity Valuation, Financial Modeling, Financial Statement Analysis, Investment Thesis, Investment Summaries, Investment Memoranda, Fundamental Analysis, Valuation Multiples, Valuation Modeling, Private Company Valuation, Comparable Company Analysis, Value Investing
2008 - 2012
Deutsche Asset Management
Sourced and evaluated over 100 corporate and structured credit opportunities for a multi-billion fund. Assumed coverage of several sectors within corporates including industrial and financial companies, and of structured/securitized credits including mortgage bonds and asset-backed securities.
Executed several hundred million of private loan transactions that achieved over 15% IRRs. Built the financial model to estimate the cash flow waterfall incorporating loss, recovery and spread simulations, and the fair value of the loan pool used to negotiate the transaction value.
Developed the financial model templates with dynamic three-statement projections to analyze cash flow quality and assess the probability of default of companies in my coverage sectors. Incorporated stress simulations to credit spreads to estimate the value of the securities under a range of possible outcomes.
Crafted a master portfolio sheet to monitor current ratings and estimate forward looking ratings actions for the various exposure buckets of the investment portfolio. Utilized the output of this sheet to recommend portfolio allocations and trading activities.
Collaborated in the marketing efforts to investors including the writing of monthly market analysis pieces and investor letters. Worked closely with the marketing team by providing the content used in investor decks to outline the strategy, opportunity and performance.
Focus areas: Investment Thesis, Investment Summaries, Investment Memoranda, Capital Structure Analysis, Financial Modeling, Financial Statement Analysis, Debt, Fundamental Analysis, Private Company Valuation, Valuation of Financial Instruments, Valuation Modeling
Master of Business Administration (MBA) in Corporate Finance & Strategy