David Casares
Operational Private Equity Professional
Los Angeles, California
Overview
Work Experience
Managing Director
2021 - Current
TELEO Capital is a lower middle market private equity firm that invests in opportunities where its strategic thought, operational resources and capital base empower management to perform and execute their business plan. With over 60 years of collective private equity experience, we bring a successful track record of executing corporate carve-outs, recapitalizing broken balance sheets, acquiring founder-owned companies, as well as buy and build strategies. TELEO targets opportunities in the technology & software, healthcare IT, business services and industrial sectors.
Partner
2008 - 2021
Vicente Capital is a growth equity firm providing equity capital to privately held middle market software and technology-enabled service businesses across North America. Responsible for sourcing, M&A and post-acquisition, operational oversight of portfolio companies. Business builder who works directly with C-level executives of portfolio companies to create value by identifying and executing growth initiatives. Current and past board roles include SportsMEDIA Technology (SMT), Intellectual Technology, Inc. and VXi Corp.
Vicente Capital Partners is a Los Angeles-based investment firm that finances privately-held growth companies in North America.
Past Board Member and Board Observer
2012 - 2019
ITI is a provider of software to state motor vehicle agencies that prints and tracks vehicle registrations and license plates and administers new driver knowledge testing exams. Led several company initiatives which helped create significant shareholder value. These included sourcing, structuring and executing the add-on acquisition of Solutions Thru Software, a software company which provides on-line driver knowledge testing exams in 25 US states and Canadian provinces. In addition, worked directly with CRO to improve sales processes resulting in a quadrupling of revenue over the hold period. Also, member of audit and compensation committees which oversaw annual audit and developed incentive plans for senior executives, respectively.
Past Board Member
2012 - 2016
Founded in 1989, VXi is the leading provider of noise-canceling bluetooth mobile headsets to professional truck drivers and a leading provider of wireless and wired headsets, stereo headphones, speech recognition products, and other accessories for call centers, warehouses and offices.
Interim Chief Operating Officer / Chief Financial Officer
2006 - 2008
Served as an interim COO role for a refrigerated food logistics company while I evaluated acquiring the company. Also served as interim Chief Financial Officer and Board Member for a Top 25 Hispanic Advertising and Media Company.
Director of Corporate Development and Operational Improvements
2002 - 2006
Led M&A and operational improvement activities for a 30-person team of this $2 billion revenue subsidiary resulting in significant P&L savings and efficiencies. Responsibilities included identifying and executing acquisitions/divestitures, strategic planning and overseeing the execution of operational improvement efforts for 200 regional branch offices. Also, was general manager for the turnaround of a field branch operation which resulted in significant cost savings and ultimately was integrated with another business unit. Responsibilities included P&L oversight, sales, operations, hiring, and leadership development.
Co-founder, Head of Business Development
2000 - 2002
Co-founded a web development consulting company, focusing on middle-market companies, to capitalize on a pricing arbitrage opportunity between the cost of US programming labor versus that of Latin America.
Management Consultant
1997 - 2000
Worked with CEOs in the US and Mexico to identify and execute growth initiatives to unlock value. Also, member of a team that advised the CEO of a Carlyle-backed portfolio company on the turnaround of a aerospace and defense company resulting in significant value created.