David J. Hess

Partner at Centerview Partners LLC

David J. Hess

David J. Hess

Partner at Centerview Partners LLC

Biography

David Hess is a member of the firm’s technology investment banking team. He has more than 20 years of experience assisting companies on a wide range of strategic matters.

Representative transaction experience includes the: $146 billion merger of Sprint and T-Mobile (advisor to Sprint Independent Transaction Committee); $10 billion acquisition of Worldpay by Vantiv; $5.1 billion sale of West Corporation to Apollo; separation of Xerox into two independent companies (advisor to Board of Directors); $6.5 billion sale of Solera to Vista (advisor to Special Committee); $14 billion sale of Clearwire to Sprint (advisor to Special Committee); $5.3 billion sale of MICROS Systems to Oracle; $4.1 billion sale of Perot Systems to Dell; $2.7 billion acquisition of TriZetto by Cognizant; $2.1 billion acquisition of Novell by Attachmate; $1.6 billion sale of L-1 Identity Solutions to Safran and BAE; $1.1 billion sale of Satyam to Tech Mahindra; $1.1 billion sale of Witness Systems to Verint; sale of Openlink Financial to ION; sale of Entrust to Datacard; sale of SonicWall to Dell; and the sale of Send Word Now to ECN.

Mr. Hess has significant experience advising companies in their interactions with activist shareholders. Recent engagements include Cornerstone OnDemand (Praesidium); Cognizant (Elliott); and MICROS Systems (ValueAct).

Additional buyside M&A experience includes CA Technologies’ acquisition of Concord; Cablevision’s acquisition of the Sundance Channel; Goldman Sachs’ acquisition of Alliance Atlantis; McGraw-Hill’s acquisition of J.D. Power and Associates; Monster Worldwide’s acquisitions of Affinity Labs and ChinaHR; and Sungard’s acquisition of GL Trade.

Additional sellside experience includes the sale of Contec to Bain Capital; MediMedia to Vestar Capital Partners; Synapse Wireless to McWane; Teradyne Connection Systems to Amphenol; and WebCT to Blackboard.

Mr. Hess has also executed numerous financing transactions for a diverse group of industry leaders including AT&T, Comcast, Cornerstone OnDemand, Genpact, Priceline, RiskMetrics, SolarWinds and Stream Global Services.

Prior to joining Centerview in 2011, Mr. Hess spent 12 years at Goldman Sachs, most recently as a Managing Director with responsibility for the firm’s software and IT services investment banking practice. Mr. Hess began his career at Schroder & Co.

Mr. Hess received a B.S., magna cum laude, from the Wharton School of the University of Pennsylvania. He is President of the Board of Trustees of the Abraham Joshua Heschel School and is a Board member of the Local Initiatives Support Corporation and Wharton’s McNulty Leadership Program. He lives in New York City with his wife and three children.

Overview
RelSci Relationships

3353

Primary Location

New York City, NY

Number of Boards

1

Relationships
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Co-Founder at Centerview Partners LLC

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Founder at The Abraham Joshua Heschel School

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Head of School at The Abraham Joshua Heschel School

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Co-Founder at Centerview Partners LLC

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Partner at Centerview Partners LLC

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Partner at Centerview Partners LLC

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Managing Director at Morgan Stanley & Co. LLC

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Partner at Centerview Partners Holdings LLC

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Partner at Centerview Partners Holdings LLC

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Partner at Centerview Partners Holdings LLC

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David J. Hess
Partner at Centerview Partners LLC
Education
BS, magna cum laude

The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States. It was established in 1881 through a donation of Joseph Wharton.

Career History
Partner
2011 - Current

Centerview Partners LLC operates as an investment-banking firm and provides financial advisory services. The company was founded by Stephen S. Crawford, Blair W. Effron, and Robert A. Pruzan in 2006 and is headquartered in New York, NY.

Managing Director
Prior

Goldman, Sachs & Co. (GS&Co.), a limited partnership registered as a U.S. broker-dealer and futures commission merchant, together with its consolidated subsidiaries (collectively, the firm), is an indirectly wholly owned subsidiary of The Goldman Sachs Group, Inc. (Group Inc.), a Delaware corporation. The firm is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Investment Banking Analyst
Prior

S&C is an active manager which follows a bottom-up approach backed by independent fundamental research. The majority of research is done in-house by specialist teams. They utilize their proprietary Global Research Investment Database to distribute in-house and external research to their investment professionals. The firm has has expertise in large-, mid- and small-cap investment around the world. They focus on firms who have potential long-term value creation and earnings capabilities, with attention to ability to service debts.

Non-Profit Donations & Grants

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$100K - $150K
2018

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.

$1,000 - $2,499
2017

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.

$5,000 - $10K
2016

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.

Political Donations
$1,000
2013

Former Governor at Virginia Office of the Governor, Terry McAuliffe

$500
2011

Representative at Office of the Representative from Florida's 22nd District, Ted Deutch

Transactions
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Just Eat Takeaway.com NV purchases GrubHub, Inc.

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Cornerstone OnDemand, Inc. purchases Saba Software, Inc. from HarbourVest Partners LLC, Vector Capital Management LP

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Platinum Equity Advisors LLC purchases Cision Ltd.

Other Affiliations
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