Senior Managing Director
David Waring is a Senior Managing Director of Evercore Partners based in London with over 26 years of corporate finance experience leading Evercore's Energy Team in Europe.
Mr. Waring was previously a Partner and Managing Director at Lexicon Partners, the corporate finance advisory business which was acquired by Evercore in 2011. Mr. Waring has advised on a number of transactions recently including advising Kosmos on its farm-out of assets in Senegal/Mauritania to BP, ENI's Control and Risk Committee on the sale of a 12.5% stake in Saipem to FSI, New Age on its $425m debt capital raise, Ophir on its sale of its upstream Tanzanian assets to Pavillion for $1.3bn; the sale of TNK-BP to Rosneft for $32bn; the sale of various Oilfield Service companies including OEG and ASCO; the IPO of Ophir Energy on the London Stock Exchange; the restructuring of oilfield services company KCA Deutag; advising TNK-BP on its US$1.8bn acquisition of BP's upstream assets in Vietnam and Venezuela; and advising the largest independent shareholder of Venture Production, 3i, in respect of the £2bn hostile takeover by Centrica PLC of Venture.
Prior to joining Lexicon, Mr. Waring was a Managing Director at UBS Investment Bank, which he joined in 2005, where he was Head of the Energy, Power and Utilities Group in EMEA and a member of the Management Committee for UBS Investment Banking in EMEA. Prior to this Mr. Waring worked at Deutsche Bank and consolidated entities for 12 years where he was a Managing Director and Head of Energy from 2003 to 2005.
During his time at UBS and Deutsche, Mr. Waring advised on a wide range of transactions in the oil and gas industry including the merger of Statoil and Hydro; nearly $10bn of acquisitions and divestments by BP: acting as defence adviser to Burren on the $3.5bn takeover by ENI; the restructuring of Shell; the IPOs of both Petroplus in Switzerland and Eurasia Drilling in London; the acquisition of Encana UK by Nexen; the disposal of Ingolstadt refinery in Germany by ExxonMobil.
In his oil and gas focused advisory career, Mr. Waring has also worked for Wood Mackenzie as a consultant and for Robert Fleming Corporate Finance.