Avington Financial Limited
About Avington
Over 18 years ago, Avington identified client needs for industry-specific, independent, conflict-free investment banking services. Since the fall of 2005, Avington has been addressing these needs for our clients.
Through a combination of direct industry operating experience and extensive international investment banking advisory experience, Avington focuses on the following sectors:
Hospitality and Leisure
Food and Beverage
Branded Consumer Products and Services
Real Estate
Avington has quickly established itself as a leading international boutique investment bank. It has a commanding presence in hospitality mergers and acquisitions.
Since its inception, Avington has been involved in some of the highest-profile transactions at the forefront of strategic change in our industries of focus. Avington is recognized globally as a leader in large, complex international transactions, having been involved in over US$33 billion of completed M&A transactions.
Part of The Avington Group
The Avington Group is recognized globally as a leading advisor, investor and asset manager. Founded and controlled by the Mongeau Family Interests, its businesses include the Avington companies (investment and merchant banking), the Avingstone companies (asset management) and Mongeau Capital (private equity investments).
Avingstone, its development and operating asset management arm, has quickly established itself as a valued asset manager for private equity firms, pension funds and dynastic family offices as they develop, acquire, reposition and monetize their investments in the leisure and hospitality sectors. Its team of professionals is led by Jim Brown and collectively have over 150 years of luxury hospitality experience in senior operational and executive roles.
Avingstone provides a comprehensive array of services to hotel owners and operators to help optimize the performance of their operations and real estate investments, and it is sought after for its development, pre-opening and post-opening asset management services
Avingstone currently has asset management mandates representing approximately US$3.5 billion A.U.M.
Founder
David C. Mongeau is Chairman and founder of Avington. David is an international investment banker with extensive experience advising and assisting leading corporations, private equity firms, dynastic family offices, and pension funds in identifying strategic, high-quality investments in our sectors of focus and implement successful investment programs.
David is a frequent speaker at international industry conferences and until 2009 was Vice Chairman of the World Travel and Tourism Council, the international association representing the leisure and hospitality industries. David was nominated as Investment Banker of the Year at the 2004 Americas Lodging Investment Summit in Los Angeles, California.
Prior to establishing the Avington Group in 2005, Mr Mongeau was Vice-Chairman of CIBC World Markets and Global Head of its M&A and Hospitality groups.
Prior to joining CIBC Wood Gundy in 1993, David spent seven years at Four Seasons Hotels as Senior Vice President and Executive Vice President, where he negotiated and implemented the acquisition of over 30 hotels and management agreements. David also led the acquisition of Regent Hotels and was the company’s representative on the board of FRI Corp, the US$2.0 billion property vehicle formed with Long Term Credit Bank of Japan.
Before joining Four Seasons, Mr Mongeau practised corporate securities law at Goodmans in Toronto and Baker & McKenzie in Toronto and NYC.
Mr Mongeau completed his undergraduate studies at the University of Toronto, Faculty of Mechanical Engineering and obtained his law degree from the University of Western Ontario.