Manager Management

CHADD GARCIA

*** ***** ***** ******, ***. ****, West Palm Beach, FL 33401

646-***-****, abnpuj@r.postjobfree.com

Experience

Private Equity

COMVEST GROUP West Palm Beach, FL 2006 - Present

Vice President. Identify potential investments; perform industry and valuation analyses; conduct due

diligence; structure investments; review, draft and negotiate deal documents; write investment memoranda;

and oversee portfolio companies for a private equity fund with $550MM AuM.

• Deal Sourcing: Developed proprietary method for identifying distressed and value-investment

opportunities. Led deal sourcing process development, resulting in one closed equity fund transaction

and several closed debt fund transactions.

• Deal Execution: Closed equity fund transactions include: Acquisitions of Southern Comfort Conversions

(automobile up-fitter); Accelerated Care Plus (provider of rehabilitation solutions); Zomax (supply chain

manager); and an investment in AirTran (low-fair airline). Executed three debt-financing rounds for a

portfolio company – all in difficult conditions. Closed debt fund transactions include: the financing of

Aftersoft (supply chain software provider) and Dellacasa (luxury kitchen contractor).

• Loan-To-Own Initiative: Assisted in acquiring a majority of the first-lien debt of Project Starr

(~$600MM auto transporter) and developing the subsequent control strategy. Sourced Project Padre

($250MM consumer electronics company) and Project Wildcat ($150MM food producer). Leading

development of Padre’s and Wildcat’s takeover strategy via the acquisition of their debt.

• Portfolio Company Operational Support: Worked side-by-side Chief Restructuring Officer to both

financially and operationally restructure a portfolio company to save it from bankruptcy.

• Firm Strategy: Trained and developed three analysts. Generated industry analysis.

Mergers and Acquisitions

CIBC WORLD MARKETS New York, NY 2004 - 2006

Associate. Led teams in the development of valuation analyses and strategic presentations for companies and

financial sponsors exploring mergers, divestitures, leveraged buyouts, and hostile takeovers and defenses.

• Advised a private equity firm on a potential multi-billion dollar “white squire” transaction.

• Closed transactions include the sales of Metals USA, Baker Tanks, Cell Therapeutics’ drug Trisenox,

Niagara Steel, and the recapitalization of Auto Europe.

General Management

DIAGEO Chicago, IL 2002

Procurement Specialist. Responsible for procurement and price-risk management for North American spirits

and ready-to-drink products with an annual COGS spend of $35MM. Delivered $1.4MM in COGS savings

through the execution of an internet-based reverse auction.

CARGILL 1998 - 2001

Animal Nutrition Division Memphis, TN

District Business Manager. Led an 11-person team responsible for product pricing, logistics, marketing

support, and procurement and hedging strategies using futures and options.

• Led the turnaround of an unprofitable business with $35MM in revenue.

• Increased gross profit 116% through an operational restructuring of the business.

Animal Nutrition Division Albany, NY

Manager, Cost of Goods Sold. Led a 4-person team responsible for pricing, logistics, marketing support, and

procurement of a business with over $15MM in EBITDA and a $39MM COGS spend.

• Delivered $970K in COGS savings through raw-material arbitrage and trading gains.

Animal Nutrition Division Montgomery, AL

District Business Manager Trainee. Formulated district’s products and procured raw materials.

• Delivered $541K in COGS savings through raw-material arbitrage and trading gains.

Education

HARVARD BUSINESS SCHOOL, Boston, MA – Master of Business Administration, 2004.

Summer Internship: CIBC World Markets, Equity Research. Modeled the impact of fluctuating commodity

prices on restaurants leading to the downgrading of the sector.

THE UNIVERSITY OF ARIZONA, Tucson, AZ – Bachelor of Science in Agricultural and Resource

Economics, Finance Minor, 1998.

Co-Founder of a venture philanthropy, risingfarmworkers.org, which assists children of migrant farm workers.

Personal

CHADD GARCIA DEAL LIST

Involved in numerous transactions at ComVest

Selected ComVest transaction/portfolio company experience

Principal Investing - Equity

• Acquisition of Zomax by portfolio company Inoveris ($37 million):

o Validated integration plan developed by management.

o Prepared financial model which exhibited potential returns and projected borrowing base and covenant analysis.

o Prepared presentation for potential lenders.

o Assisted in the negotiation of the debt documents with the senior lender.

• Recapitalization of portfolio company Zomax ($8 million):

o Successfully raised a cash flow loan enabling a dividend to ComVest.

Recapitalization was completed under challenging circumstances as Zomax lost its largest customer shortly

before the recapitalization process.

o Prepared financial model exhibiting borrowing base and covenant analysis.

o Prepared presentation for potential mezzanine lenders.

o Coordinated due diligence request and explanations of analyses for the lender’s consultants.

o Assisted in the negotiation of the debt documents with the cash flow lender.

• Operational and Financial Restructuring of Zomax:

o Saved the Company from imminent bankruptcy by implementing a rigorous cash management plan.

The plan included halting all payments to vendors, except for those that were necessary, and committing to

a payment plan for past due payables.

o Replaced management and brought in a chief restructuring officer (CRO).

o Coordinated the development and implementation of an operational restructuring, which included terminating

79 employees.

o Assisted in negotiating new credit facilities with the existing senior and subordinated lenders.

o Drafted investment committee memorandum and presented the investment to the committee to secure a follow-

on investment from the fund.

• Acquisition of Accelerated Care Plus ($50 million):

o Prepared a presentation to management which was instrumental in gaining their support of our sponsorship and

in their decision not to proceed with a sale to a strategic acquirer.

o Completed strategic and business due diligence.

o Coordinated third parties: consultant and legal and accounting advisors.

o Oversaw the completion of a detailed operational model.

o Drafted investment committee memorandum.

• Acquisition of Southern Comfort Conversions (Undisclosed):

o Completed strategic and business due diligence.

o Coordinated third parties: legal and accounting advisors.

o Oversaw the completion of a detailed operational model.

o Drafted investment committee memorandum.

o Assisted in negotiating the purchase agreement.

• Public Investment in Common Equity and a Convertible Term Note of AirTran ($20.3 million):

o Developed and presented investment thesis to committee under substantial time constraints.

o Oversaw completion of valuation model.

o Drafted investment committee memorandum, which was used to secure bridge financing for our investment

from a leading investment bank.

• Acquisition of a Control Position of First-Lien Debt of Project Starr (Undisclosed):

o Completed strategic and industry due diligence.

o Oversaw development of financial model.

o Oversaw the drafting of the investment memorandum.

o Worked with attorneys to develop takeover plan post the acquisition of the debt.

• Acquisition of a Control Position of First-Lien Debt of Project Padre (Pending):

o Sourced the Project Padre opportunity, which includes bringing in outside management and a substantial co-

investors consisting of the former owners of the most profitable subsidiary of Padre.

CHADD GARCIA DEAL LIST

o Overseeing the industry and business due diligence.

o Overseeing the drafting of the investment committee memorandum.

o Developing the takeover plan of Padre post acquisition of its debt.

Principal Investing - Debt

• Financing of Dellacasa ($6 million):

o Completed strategic and business due diligence.

o Prepared financial model.

o Drafted investment committee memorandum.

• Financing of Aftersoft Group Inc. ($6 million):

o Completed strategic and business due diligence.

o Prepared financial model.

o Oversaw the completion of a detailed operational model.

o Drafted investment committee memorandum.

o Assisted in negotiating debt documents.

Involved in more than 20 transactions while at CIBC World Markets

Selected CIBC transaction experience

Mergers and Acquisitions - Advisory

• Advised Metals USA on its sale to Apollo Management ($619 million):

o Generated financial analyses supporting various strategic alternatives.

o Coordinated due diligence, controlled flow of information and acted as liaison between Apollo and Metals

USA.

o Prepared presentation to the company’s board of directors supporting the transaction.

o Assisted in negotiating the purchase agreement with Apollo and generated information to support the

company’s positions in the negotiations.

• Advised Baker Tanks, a Code Hennessy portfolio company, on its sale to Lightyear Capital (private; ~$510

million):

o Assisted in preparing the pitch to Code Hennessy, which included an in-depth valuation analysis.

o Prepared the list of prospective financial buyers and specifically advocated for the inclusion of Lightyear

Capital on the list.

o Prepared the financial sections of the offering memorandum and management presentation.

o Coordinated due diligence process and controlled flow of information among the company, several prospective

buyers and third-party advisors.

• Advised Niagara Corporation on its sale to Kohlberg and Company ($164 million):

o Assisted in preparing the pitch to the company, which included an in-depth valuation analysis.

o Prepared the financial sections of the offering memorandum and management presentations.

o Prepared the list of prospective financial buyers.

o Coordinated building the company’s data room.

o Coordinated due diligence process and controlled flow of information among the company, several prospective

buyers and third-party advisors.

o Prepared and assisted in presenting several presentations to the board of directors at various stages of the

process.

o Assisted in negotiating the purchase and sale agreement with various buyers.

• Advised Cell Therapeutics on the sale of its drug Trisenox to Cephalon (~$170 million):

o Created valuation model of Trisenox.

o Prepared marketing materials.

o Coordinated due diligence requests and meetings.

• Advised a private equity firm on a potential multibillion dollar white-squire investment into a European

company:

o Created a financial model by country and subsidiary of a multi-national corporation with numerous subsidiaries,

some of which were publicly traded.

CHADD GARCIA DEAL LIST

o Modeled various investment structures and scenarios and exhibited the returns to the private equity fund, the

ability of the company to support dividend payments and recommended divestitures.

The model complied with dividend laws and capital repatriation laws of numerous countries in which the

company operated.

Contact this candidate