David Cass

Vice President at Saybrook Corporate Opportunity Fund

David Cass

David Cass

Vice President at Saybrook Corporate Opportunity Fund

Overview
RelSci Relationships

65

Number of Boards

2

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Chairman at Accretive Solutions, Inc.

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Co-Portfolio Manager at Saybrook Corporate Opportunity Fund

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Co-Founder at Solace Capital Partners LLC

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Partner at Saybrook Capital LLC

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Managing Director at Saybrook Corporate Opportunity Fund

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Professional at Saybrook Capital LLC

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Former President & Chief Executive Officer at Western Emulsions, Inc.

Relationship likelihood: Strong

Director at Accretive Solutions, Inc.

Relationship likelihood: Strong

Former Chief Executive Officer at Young Presidents' Organization

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Director at Accretive Solutions, Inc.

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David Cass
Vice President at Saybrook Corporate Opportunity Fund
Education
BS

The University of Pennsylvania (commonly referred to as Penn or UPenn) is a private, Ivy League university, located in Philadelphia, Pennsylvania, United States. Penn considers itself the fourth-oldest institution of higher education in the United States, as well as the first university in the United States with both undergraduate and graduate studies.

Career History
Vice President
Current

Saybrook Corporate Opportunity Fund seeks to invest ideally in distressed lower middle market companies located in the US and Canada with an enterprise value of less than $500 million. The fund targets companies operating in the fields of business services, consumer, healthcare and manufacturing sectors. It provides financing in the form of junior debt and equity capital, with an investment size ranging from $10 to $40 million. It acquires control and non-control stakes.

Associate
Current

Saybrook Advisors pursues investment opportunities with the potential to generate high after-tax total returns for their investors. The firm manages a municipal opportunity strategy and through their private equity investment arm, they also manage a corporate opportunity special situations investment strategy.Saybrook's municipal opportunity strategies seek to capitalize on the inefficiencies between traditional municipal bonds, such as general obligation and the tax-backed debt of state and local governments, and higher-yielding bonds that typically feature riskier credit profiles, such as issues for industrial development, multi-family housing, nursing facilities, toll roads and other forms of collateral. The firm's municipal opportunity investment strategies utilize a pool of committed capital to purchase distressed and defaulted municipal bonds. The firm has extensive expertise in restructurings and workouts and in implementing comprehensive turnaround plans, when necessary, and in achieving returns for investors through well-defined exit strategies. Saybrook also seeks to capitalize of their expertise in credit selection and to identify investment opportunities that have been overlooked by the rest of the municipal market.The Saybrook Corporate Opportunity Fund LP is a special situations investment fund that provides capital to lower middle-market companies in the US and Canada. The fund makes both equity and junior debt investments in capital-constrained and distressed lower middle-market companies. The fund either invests in a company's existing debt or makes junior debt and equity investments to enable a company to fill a gap in their capital structure that may be due to the result of business or capital structure complexities that are insurmountable obstacles for traditional sources of capital. The fund seeks to provide an efficient source of capital for companies in transition. The fund's investment mandate is flexible, allowing Saybrook to design financing structures to fit each unique situation. The fund targets industries with low technology risk including business services, consumer, healthcare and manufacturing. Saybrook targets companies with total revenues of $25 million to $250 million. They invest mainly in privately-held or micro-cap public entities. Investments range from $10 million to $25 million. Investment structures may include: mezzanine loans, convertible notes, preferred stock, buyouts of existing lenders or DIP financings in conjunction with acquisitions. Transaction types may include: shareholder recapitalizations, deleveraging financings, distressed debt purchases, acquisition financings and PIPE transactions. Saybrook does not require outright control of their investments. They usually hold investments for 3 to 5 years.

Vice President
2008 - 2014

Saybrook Capital LLC invests in lower middle market companies located in the US and Canada, with an enterprise value of less than $500 million. The fund targets companies operating in the fields of business services, consumer, healthcare and manufacturing sectors. It provides financing in the form of junior debt and equity for capital-constrained and distressed situations with an investment size ranging from $8 to $15 million. It acquires both control and non-control stakes.

Boards & Committees
Board Member
Current

Accretive Solutions, Inc. provides consulting, staffing and outsourcing solutions. Its solutions include anti-money laundering, carve-outs, collaboration, data analytics and BI, equity compensation, financial close optimization, IPO readiness, revenue ASC 606, mergers and acquisitions. The company was founded in 1999 and is headquartered in Melville, NY.

Board Member
Current

Western Emulsions, Inc. manufactures asphalt emulsion products for road construction. It offers emulsion solutions for pavement preservation, repair and recycling. The firm’s products include PASS R, HIR, ER and QB, texture seal, FastSet, Plastic Seal, GSB-88 and CHFRS-2P. The company was founded in 1977 and is headquartered in Idaho, ID.

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