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Lawrence W. Ward, Jr.
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Mr. Ward has over thirty years experience in commercial
banking, investment banking and private equity investing. He also served as
the Chief Financial Officer of two private equity- sponsored portfolio
companies, both with SEC reporting requirements. He has been responsible
for the successful investment of over $600 million in equity capital in
transactions valued over $2 billion, and has served as a director of 13
middle market companies working in partnership with management teams to
build shareholder value. Mr. Ward’s experience includes working with
leveraged capital structures in both an advisory and principal role and has
been active in numerous financial restructurings, both in and out-of-court.
Prior to working with the Scotland Group, Mr. Ward served as a partner,
managing director and principal for sixteen years with three middle market
private equity firms. At American Industrial Partners he led a successful
going-private transaction for Bucyrus International, a supplier of large
surface mining equipment, spare parts and related services. Bucyrus
ultimately earned the sponsor an attractive return and it has re-emerged as
a publicly-traded company. Mr. Ward also led the investment transactions at
American Industrial Partners for Stanadyne, a manufacturer of fuel
injection engine components; Day International, a supplier of offset
printing consumables; and Great Lakes Carbon, the world's leading producer
of calcined petroleum coke used by aluminum companies in the fabrication of
carbon anodes. His private equity investment experience in the
manufacturing sector also includes leadership roles in transactions for
suppliers of precision machined components, electronic connectors and cable
assemblies, test and measurement systems and after-market automobile
seating. Within the business service sector, he has led investment
transactions for a chain of public refrigerated warehouses and a supplier
of contractor services for open pit mines.
During his career Mr. Ward served as the Chief Financial Officer of
Plantronics, the world's leading supplier of lightweight telephone
headsets. He represented the management team in a going-private
transaction, arranged the debt and equity financing for the buyout, sold
non-strategic operations and significantly reduced inventory to generate
cash for debt service. Plantronics' financial sponsor earned a return of
over 20X on its original investment and the company is once again traded on
the New York Stock Exchange.
During his years at American Industrial Partners Mr. Ward also served as
the Chief Financial Officer for their largest portfolio company, Sweetheart
Cup, a supplier of paper and plastic disposable foodservice items. He
played a key role in preparing Sweetheart for sale, working with a major
investment bank to run an auction process targeting both strategic and
financial buyers.
Mr. Ward began his career in commercial lending at Manufacturers Hanover
Trust in New York and served as an investment banker for ten years with
Kidder, Peabody & Co. in New York and San Francisco. He holds a BA from
Harvard College in Economics and an MBA from Columbia in Finance. |
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