DAVID CULPAN

Managing Partner

 

David Culpan has some of the broadest experience of borrowing across facility type,
geographies, size and structure in the European advisory market. He has borrowed and
negotiated debt facilities throughout Europe, utilising receivables and asset based lending, trade
finance, bank and debt fund cashflow-based lending as well as syndicated loan facilities and
high yield bonds.
Since launching MDW Capital in late 2018, the Firm has completed over 70 transactions,
advising on over €5 billion of capital.

Prior to MDW Capital, David Culpan spent eight years as Head of Debt Capital Markets at Sun
European Partners. Whilst at Sun, David Culpan had sole responsibility for negotiating the debt
facilities to support all of Sun’s investment activity in Europe. In addition, he was responsible for
the ongoing lender relationships and all of the firm’s financing projects undertaken in Europe.
As a borrower, David Culpan negotiated over €8.3 billion of debt facilities including acquisition
debt to support the buyout activity, new funding for dividends and portfolio company add-on
acquisitions in addition to leading amendment negotiations and restructuring activity throughout
Europe. Of this amount, €2.1 billion was achieved in 2010 to 2012, the “dark years” that
followed the global financial crisis.

David Culpan qualified as a Chartered Accountant with KPMG in the mid-1990s before
choosing to specialise in Transaction Services with PwC. David moved into the lending market
in 2003 when he became Regional Director for GMAC Commercial Finance, completing a
number of complex structured asset based lending financings across Europe.

David Culpan is married with one child. When he is not negotiating debt facilities, he spends his
weekends and various holidays crewing a two person boat at numerous sailing events around
the UK or teaching sailing and race training techniques to children at his local sailing club (while
he dreams of the day when Sir Ben Ainslie invites him to the British America’s Cup team).