David Prendergast Email & Phone Number

New York, Ny, Us

New York, Ny, Us

New York, Ny, Us

Chicago, Il, Us

Business Development professional responsible for originating new platform investment opportunities in Healthcare IT & Services and assisting portfolio companies with add-on acquisitions for WCP IV (~$1 billion fund). Executed all aspects of deal origination campaigns and efforts from initial lead to signed LOI.Key Responsibilities •Formulated, proactively researched, identified, and recommended new investment ideas, theses and platform investment candidates for the firm.•Performed in-depth analysis and “mapping” of industries, verticals, and business models to generate deep understanding of ecosystems, competitive dynamics, trends, threats, and opportunities as part of dedicated sourcing campaigns. •Developed actionable pipeline of investment opportunities in targeted sectors by prospecting, establishing, building, and maintaining new relationships with potential investment / acquisition / partnership candidates, via outbound marketing and face-to-face meetings.•Developed and actively managed relationships with key intermediaries for the firm including investment bankers, M&A advisors, business brokers, professional service providers and others to ensure consistent flow of high quality, relevant investment opportunities. •Sourced acquisitions and strategic opportunities for current healthcare portfolio companies.•Attended industry tradeshows, conferences, and events for targeted areas of interest.Selected Investment Experience•Pharmacy Partners Holdings, LLC: National healthcare management platform offering turnkey solutions to specialty practices and physicians who want to establish and manage an office-based, physician-owned drug infusion center. (investment closed April – 2018). •Heart + Paw, LLC: Operator of general practice veterinary hospitals serving small companion animals in the Northeast and Mid-Atlantic. Heart + Paw offers vet care, grooming, day care, boarding and retail, among other services (investment closed August – 2018).

Greenwich, Ct, Us

Evaluated potential investment opportunities for GPP II ($215 million fund) and assisted in portfolio company maintenance by working with management on internal budgeting and other business development projects. Key Responsibilities •Directed all aspects of the investment process with the oversight of a Principal, Partner or Managing Partner.•Assisted the Principals and Partners in leading deal execution for transactions including deal structuring, evaluating optimal capital structure, sourcing and negotiating bank financing, negotiating management compensation, deal closing, and exit event analysis.•Helped lead the analytic and strategic due diligence for new investment opportunities.•Worked closely with senior members of the investment team in the formulation of investment thesis in healthcare. •Assisted in establishing and leading all aspects of the platform origination/sourcing process for the firm including recruiting, training, and managing a team of 4 junior investment professionals.•Interfaced with the key constituents of the firm including management teams of companies, deal sources, co-investors, service providers, limited partners and others.•Assisted portfolio companies at the board level in investment monitoring, financing, and strategic activities to protect and enhance post-investment value creation.Selected Investment Experience•United Claims Solutions, LLC: $34.9 million proprietary growth recapitalization of a tech-enabled, payment integrity solutions company for TPAs, self-insured groups, labor and trust organizations, stop-loss carriers and health plans.Selected Portfolio Experience•Citra Health Solutions, LLC: Provider of technology and service solutions to health care providers that allow them to deliver higher quality coordinated care, improve population health management capabilities and increase efficiency while positively impacting their own financial success.

Boston, Ma, Us

As an Associate, helped spearhead Summit’s investment strategy and was responsible for sourcing, evaluating, and executing investments for $520 million venture capital fund within $14 billion firm. Key Responsibilities •Identified attractive industry sectors and investment opportunities through outbound calling and attendance at trade shows, focusing research efforts primarily on the software and communications technology industries.•Worked closely with management of portfolio companies on detailed evaluations of industry events and dynamics, strategic positioning for exit, sales person productivity analyses, and fair market calculations.•Conducted due diligence processes to evaluate numerous investment opportunities, including financial valuation analyses, market assessment, customer references, and reference calls with industry research groups and bankers.•Drafted investment memos and constructed extensive financial models to forecast returns for partnership. Key Accomplishments•One of ten associates, of 169 in the previous 13 years to source three proprietary investments. •Led the firm (ranked #1 of 45 Associates) in key productivity metrics, including “Successful CEO Calls” (2,218). Selected Investment Experience•Hiperos, LLC: Directly responsible for sourcing $5.5 million minority equity investment in rapidly growing software-as-a-service platform used by Fortune 500 companies to manage their extended enterprise (acquired by Opus Global – July 2014, ~4.8X return on invested capital).•PeerApp, Ltd: Directly responsible for sourcing a $5 million minority equity investment in a rapidly growing software provider enabling Internet Service Providers to improve network speeds (investment closed September – 11). •Zenoss, Inc.: Directly responsible for sourcing $20.5 million minority equity investment in a rapidly growing provider of unified IT operations software for physical, virtual, and cloud-based IT infrastructure (investment closed September – 12).

New York, Ny, Us

Masters Of Business Administration

Bs In Applied Economics And Management, Finance