FOUNDER & MANAGING PARTNER
ECS Debt Advisory – Orange County, CA
Founder and Architect of ECS’ debt optimization process
Over 25 years experience leading middle market/corporate debt transactions as both Lender and Borrower.
Corporate Borrower Experience:
Vice President – Corporate Finance, PAETEC Communications (2006-2012) - Rochester, NY
Headed capital raising, mergers & acquisitions, and investor relations. PAETEC was a middle market company that grew to a publicly traded Fortune 1000 competitive telecommunication provider that was sold to Windstream Communications for $2.3 Billion. During 2006-2012, PAETEC's EBITDA quadrupled from $100MM to $400MM.
Negotiated, Closed and Funded over $2 Billion in Debt Capital through eight separate transactions
$1.1 Billion in senior secured bank debt, $1.0 Billion in senior secured bonds and $600M in unsecured bonds
$60MM headquarters New Markets Tax Credit financing in an economic redevelopment zone
Consistently procured market leading qualitative and quantitative terms that outperformed PAETEC’s single B corporate credit rating
M&A: oversaw 11 acquisitions and subsequent synergy goal achievement and integration—three acquisitions>$100MM, three acquisitions between $10MM and $100MM, and five acquisitions <$10MM.
Leveraged Lender Experience:
Senior Vice President & Team Leader, Union Bank (1993-2006) - Los Angeles, CA
Oversaw approval for new credit transactions at UB’s Senior Loan Committee. Sourced and/or led over $8 Billion in new transactions. Developed leveraged middle market new business and underwriting opportunities while managing an $800MM loan portfolio with over 30 borrowing clients
Created UB’s Tower lending practice from inception to the leading tower lender in the U.S. with $200MM in outstandings after 4 years.
Structured and participated in several Mezzanine Finance and Private Equity transactions as a principal
Board Membership Experience:
Independent Director (2013-current) - Burbank, CA
Board of Directors member (Chair of Special Committee) for Liberman Broadcasting, Inc. (LBI). LBI (of which Oaktree Capital Management owns 20%) is a Spanish language broadcaster with both radio and TV stations in Los Angeles, Dallas, and Houston. LBI also produces over 50 hours of live programming each week through its Estrella TV network. Pete counsels management on debt capital issues and transaction opportunities (LBI has over $500 Million in debt capital outstanding).
University of California, Davis - B. A. Economics 1992
Rochester (NY) Business Journal 40 under 40 Award 2009
ECS Debt Advisory – New York City, NY
Credit Underwriting: oversees the creation of underwriting packages
New Business Development: sources, qualifies and coordinates outreach
Debt Financing Execution: liaises with sponsors, borrowers, and lenders
Ethan has a background in public company analysis and M&A. Previously, Ethan was an Analyst with Melvin Capital in New York City responsible for sourcing and evaluating public market investments with a short-bias across Technology, Healthcare, Financials, and Industrials sectors. Ethan built operating and valuation models, developed primary industry- and market-research, and composed investment summaries and complementary materials for prospective positions. Prior to Melvin Capital, Ethan was an Analyst with The Blackstone Group in NYC responsible for mergers & acquisition and corporate advisory assignments across Industrials, Healthcare, and Media & Communications sectors. Ethan performed valuation and transaction analyses, created presentation and supplementary materials, and supported due diligence efforts.
The University of Texas at Austin - B.B.A. Finance 2014