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 Venture
Technology Merchants, LLC. is a leading firm
directed to corporate finance, venture investment and merchant
banking. Our philosophy incorporates 'demand pull' staffing, whereby
our substantial network and partnership of operating managers, investment
bankers and investors are assembled per project. This ensures the
optimum team is engaged at all times. As well, this allows us to
assess and execute engagements of any manner and size, free from the
incessant overhead and associated time and performance pressures that
plague the 'bulge bracket'. Such constraints often cause the very
best opportunities to be overlooked. Our staff and merchant partner
bios are available on request.
Angus
Macdonald is President and a founder of Venture Technology Merchants,
LLC. Mr. Macdonald has been involved in hundreds of
transactions ranging from small, bench start-ups, to dozens and dozens of
public equity, bond and convertible offerings, to
personally initiating one of the largest industrial mergers in
history.
Prior to co-founding VTM, he was a senior officer of Lehman Brothers, Inc. (Now
Barclay's Capital) There he worked as a securities analyst heading up the
Health Care Special Situations effort. This broad category allowed
Macdonald to focus on disparate companies in health care ranging from
biotech to devices, to instrumentation to specialty finance.
Prior to joining Lehman Brothers, Mr. Macdonald was senior analyst at Fahnestock, Inc. (now
Oppenheimer), where he covered the medical devices, biotechnology and
environmental industries.
Mr. Macdonald's work has been recognized by banking clients, investors, and
the financial press. His public and industry research has been also
extensively chronicled by the above and in various polls for stock picking,
earnings accuracy and industry knowledge. Macdonald has also been
recognized in objective polls directed to top industry operating and
executive management. This recognition selects the Wall Street
professional deemed to best understand the companies he calls upon.
Before publishing on Wall Street, he was President of Macdonald &
Associates: a private banking firm performing merger and acquisition
advisory. The firm also delivered valuations and investment opinions
directly to institutional clients. Frequently, these were difficult,
specialty analysis projects focused on companies in transition, in turn
around or rapid growth modes. Thus, conventional sell-side research
had typically broken down or faltered in these dynamic circumstances. This
bottom-up, comprehensive research frequently led to the establishment of
major investment positions for institutional clients.
Angus Macdonald began his management career at Bethesda Research
Laboratories (a pioneering biotechnology and research products company) in
the early 1980’s. He was director of business development there; bridging
the gap between the then top molecular biology team at BRL, and large
pharmaceutical and chemical industry partners. When BRL missed the IPO
window of 1982, Macdonald was appointed by the CEO and the Board of BRL to
develop the cash flow plans for rationalizing the company. This came out
well, as to this day BRL product lines comprise the core of Life
Technologies, itself having recently been acquired by Thermo Fisher Scientific.
He later served as CEO of AGR Corporation, the former Berkshire Cable
Television. Berkshire sold its Western Massachusetts CATV system in
1983.
Macdonald holds a BA in Biology (concentrations in Physiology, Molecular Biology
and German Literature) from the University of
Pennsylvania, and an MBA from Britain's Cranfield,
where he was recognized in 1980 by the British
Institute of Directors in their annual competition and award for
entrepreneurship.
He is a director of numerous private companies and serves on the board, the
compensation committee and is chairman of the audit committee of FLIR Systems, Inc., the leading global company
providing advanced infrared imaging and thermography
products. Macdonald is credentialed as an Advanced Professional
Director with the American College of Corporate Directors.
Mr.
Macdonald has three children and resides from May to September in
Providence, RI. He enjoys sailing in the summers and skiing in the
winter. Several times each year he will disgrace his heritage on the
golf course.
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