founded by David C. Mongeau in late 2005 to provide highly strategic,
independent, conflict-free advice to select clients in a focused range of
sectors. Since inception, Avington has quickly established itself as a valued
advisor to leading corporations, private equity firms, dynastic family offices,
and pension funds.
In 2006, its
first full year of operations, Avington was ranked #2 in Bloomberg’s Global
Hospitality M&A league table by dollar value (US$) and, in 2007, Avington
was ranked #7 in Bloomberg’s Global Hospitality REIT M&A league table by
dollar value (US$). Post the 2008 global financial crisis, notwithstanding the
marked downturn in M&A transactions in the hospitality industry, Avington
has remained active, advising on a total of US$3.0 billion of closed
transactions since January 2008.
success of our advisory business is testament to how strongly our business
model and culture resonate with our clients.
David C. Mongeau
David C. Mongeau
is Chairman and founder of Avington. David is an experienced 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
in implementing 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.
Until March 2005,
David was Vice-Chairman of CIBC World Markets and Global Head of its M&A
and Hospitality groups. As Global Head of M&A, David presided over the Wood
Gundy/CIBC World Markets M&A Group’s development from a three person Toronto
based group in 1993 to a global organization of over 100 professionals with
offices in Toronto, New York, Los Angeles, Sydney, Hong Kong, Tokyo and London.
After moving to London in 2000, David built CIBC World Markets’ European
Investment Banking into a leader in financing and advising on Private Equity
transactions and in European Real Estate, Leisure & Hospitality M&A.
From 1998 to 2001 David was the CIBC representative on the board of the
advisory joint ventures formed with LCF Edmond de Rothschild Banque, Bank Sal Oppenheimer, Asahi Bank and Banque Degroof.
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 David practiced corporate
securities law at Goodmans LLP in Toronto and at
Baker & McKenzie LLP in Toronto and New York City.
his law degree from University of Western Ontario. During 1980, David attended
Case-Western Reserve University in Cleveland, Ohio on a fellowship from the
Canada-US Law Institute to study advanced corporate finance and securities law.