Experience

Klaatch

• United States
• Health, Wellness & Fitness
• 1 - 100 Employee

• CEO and Founder

  • Jan 2017 - Present

  I'm the Founder of Klaatch, a new platform to end loneliness and promote community among older adults. Klaatch facilitates human to human interaction in a safe environment and with stimulating purpose. We provide seniors and their care givers the tools, support and easy access to each other to form these new communities. I'm the Founder of Klaatch, a new platform to end loneliness and promote community among older adults. Klaatch facilitates human to human interaction in a safe environment and with stimulating purpose. We provide seniors and their care givers the tools, support and easy access to each other to form these new communities.



TCI Partners LLC

• United States
• Investment Banking

• Partner & COO

  • Jan 2013 - Dec 2016

  Founding Partner, TCI Partners, a merchant bank focused on identifying, developing and investing in distressed and troubled companies and assets. TCI was the successor firm of Benalon Capital, LLC. Responsible for identifying and evaluating transactions Managed collection and review of data including creating and reviewing financial models and projects, preparing investment committee memos and developing with the placement team an execution strategy. Execution, including presenting the opportunity to potential co-investors, managing transaction negotiation and transaction documentation. Show less



Benalon Capital

• Partner & COO

  • Apr 2008 - Dec 2012

  Establish a distressed non-performing mortgage trading desk Hired sales and analytical team Developed a proprietary pricing model to provide pricing and return analysis for the acquisition of pools of distressed non-performing residential mortgages Wrote policy and procedures for the operation and management of the bidding process and liquidation management of a portfolio of distressed non-performing residential mortgages. Selected and negotiated 2 loan servicer contracts Acquired 2 pools of distressed non-performing mortgages. Successfully liquidated portfolio earning more than 20% return in less than 1-year. Identified and acquired 2 commercial properties Conducted due diligence and negotiated acquisition of 2 distressed commercial properties. Identified financing and negotiated terms for both acquisitions. Managed transaction execution and closing of both transactions. Liquidated both acquisitions within 2 years providing investors with over a 200% return on investment within 24 months. Show less



U.S. Energy Biogas Corp

• President & Chief Restructuring Officer

  • Nov 2006 - Jul 2007

  Responsible for all aspects of the Restructuring of US Energy Biogas, one of the largest independent renewable energy producers at the time and one of the two main subsidiaries of US Energy Systems, Inc. Led the company's during its Chapter 11 filing and emergence 6 months after initial filing. Negotiated a workout of $90 million portfolio financing with principal creditor on financially advantageous terms Paid vendors and other creditors 100% of their claim. Negotiated a settlement with the State of Illinois under their renewable energy support program reducing obligation from $60 million to $5 million. Identified a lender and negotiated exit financing of $100 million. Created $10 million equity value for US Energy Systems from initial insolvency when company entered bankruptcy. Negotiated and executed one of the first carbon credit trades in the US. One of two primary operating subsidiaries of US Energy Sytems, Inc. I succesfully led the subsidiary through a restructuring through a Chapter 11 federal bankruptcy. I was involved in all aspects of executing the restructurturing and managing the subsidiary. I arranged payoff of the existing debt without prepayment penalties, settled a $60 million dispute with the State of Illinois for $5 million and arranged a $90 million exit financing The subsidiary successfully emerged from Chapter 11 in 6 months resulting in the recognition of approximatelhy $10 million of book equity. Show less



U.S. Energy Systems, Inc.

• United States
• Appliances, Electrical, and Electronics Manufacturing
• 1 - 100 Employee

• Executive Vice President

  • Nov 2005 - Jul 2007

  Senior Member company's management team addressing all issues of corporate operations, strategy and transaction execution Identified acquisition of a distressed gas field, pipeline system and a 42 MW power plant in Northeast England. Developed acquisition and financing strategy Responsible for transaction execution including financing, negotiation, documentation and execution Selected company advisers including auditors, legal counsel and technical advisers Secured $180 million in acquisition financing including $75 million in working capital through a combination of Term B financing and subordinated debt offering. Led negotiating team for acquisition agreements and power and gas purchase agreements. Coordinated complex closing requiring the closing of 5simultaneous transactions Designed and negotiated a unique 5-year combined gas and electric derivative. Presented the company to the financial markets at conferences, investor meetings and financial analysts and research department meetings. Share Price rose from $0.85 to over $6.00 during tenure Developed corporate marketing strategy Identify transaction financial partners such as Silver Point Partners and advisers including Credit Suisse and Goldman Sachs. Show less



Marathon Capital

• United States
• Investment Banking
• 100 - 200 Employee

• Managing Director

  • Jan 2000 - Nov 2005

  Marathon Capital is a leading investment bank and financial advisory firm focused on delivering financial products and services to the global renewable energy and biofuels markets. Member of the executive team that developed a strategy to focus on renewable energy investment banking and corporate advisory in the year 2000. Closed $500 million in financing, M&A and principal transactions. Member of the founding Board of Directors from 1998 to 2000. Marathon Capital is a leading investment bank and financial advisory firm focused on delivering financial products and services to the global renewable energy and biofuels markets. Member of the executive team that developed a strategy to focus on renewable energy investment banking and corporate advisory in the year 2000. Closed $500 million in financing, M&A and principal transactions. Member of the founding Board of Directors from 1998 to 2000.



Dovertower Capital

• Partner & COO

  • Sep 1997 - Dec 1999

  Founding partner of a boutique merchant bank focused on international transactions. Completed a series of transactions in the US, Asia and Europe. Executed the first LBO in Israel of the AMPA Group, a diversified Israeli Company with operations in Israel, the UK, the US and China. Involved all aspects of the operations, including transaction fundraising, deal management, execution, negotiation and investor relations. Founding partner of a boutique merchant bank focused on international transactions. Completed a series of transactions in the US, Asia and Europe. Executed the first LBO in Israel of the AMPA Group, a diversified Israeli Company with operations in Israel, the UK, the US and China. Involved all aspects of the operations, including transaction fundraising, deal management, execution, negotiation and investor relations.



Public Resources International (PRI)

• Partner & Director

  • Nov 1993 - Aug 1997

  Co-founded PRI, a boutique advisory firm focused on advising companies in Eastern Europe and the Former Soviet Union (FSU) on capital raising and corporate restructurng. Completed the first non-government guaranteed corporate institutional financing of a company in the FSU, the Mazeikiai Nafta Oil Refinery working capital facility ($90 million). Clients also included Achema Chemical, Stella Vitae (local Gazprom subsidiary) and the Rosneft. Closed $200 million in finanancing and restructuring transactions. Show less



South Bronx Overall Economic Development Corporation (SoBRO)

• Education Management
• 100 - 200 Employee

• Director, Commercial and Industrial Developent

  • Sep 1988 - Oct 1993

  SOBRO, is a not-for-profit economic development firm. I led a team of professionals managing a portfolio of government contracts to assist in the economic development of the South Bronx. During my tenure I tripled the value of contracts including contracts with the US Department of Defense (DOD) to assist small companies in obtaining and managing DOD contracts, NYS contracts to assist small businesses to export and NYC contracts to retain industrial businesses in New York. In addition, I created a mortgage brokerage division to arrange financing for small and medium sized businesses and closed on over $50 million in transactions Show less