Rhys Wynn Morgan
Leverage Finance / Corporate Restructuring
Summary
- Ambitious and well-rounded Leverage Finance / Corporate Restructuring Banker with a strong transactional background developed across an extensive deal sheet in Capital Advisory roles spanning Leverage Finance, Restructuring and M&A.
- Strong Leadership skills and a team player evidencing excellent time management and communication that facilitate an ability to concurrently run transactions alongside in-house strategic projects.
- Equally competent self-starter operating autonomously with an ability to effectively engage a variety of internal and external stakeholders.
- Highly analytical and commercial operator with an ability to articulate technically complex issues in a measured, clear and succinct manner via strong report writing and oral presentation capabilities in formulating innovative financing solutions.
Overview
14
14
years of professional experience
Work History
Director, Financial Sponsors
Shawbrook Bank Limited
03.2024 - Current
- Role - Joined Shawbrook's Financial Sponsors franchise to accelerate growth ambitions in establishing a team outside of London and focus on generating incremental deal flow through access to larger / mainstream lower mid-market LBO transactions with a view of tripling balance sheet within 3 years. Transactions and achievements of note include:
- Team Build - led the recruitment of an Associate Director and Analyst to help establish execution bandwidth outside of London.
- Project Artemis - originated and executed a £17m bilateral Senior Loan as part of a Primary MBO for a medical consumables supplier along with a £14m follow on facility to support a permitted recapitalization.
- Project Citadel - originated and executed the team's largest deal to date with a £30m bilateral refinancing for a leading Cybersecurity asset structured as a Stretched Senior Loan with a PIK Toggle optionality.
- Project Monaco - supported on the structuring and execution of a complex £17m bilateral Senior Loan for the SMBO of a high growth RegTech business requiring a flexible recap facility to allow the Sponsor to execute future de-risking events.
- Origination - dovetail existing team focus on smaller SME transactions (hold levels < £15m) with deal flow for larger transactions across both bilateral and club / syndicated opportunities with hold levels up to £30m.
- PIK Toggle - led internal project coordinating a number of different stakeholders to develop a PIK Toggle optionality, which included establishing functionality and risk frameworks as well as collaborating with back office administration to run testing before operationalising the solution all within 6 weeks.
- Credit Committees - sit on first stage Structured Finance and Restructuring credit committees to approve limits and provide structural and credit enhancing recommendations in addition to providing input to Portfolio Monitoring weekly forums concerning stressed assets.
- Internal Templates - helped reshape the primary credit paper to a more succinct and user friendly version whilst also introducing key credit focus areas around contextualising proposed covenant profiles in relation to sector valuations and articulating exit options for the Bank across a number of downside scenarios.
Director, Mid-Market Leverage Finance
Santander UK Plc
08.2017 - 02.2024
- Role - Lead the origination and execution of mid-market PE transactions (LBOs, vanilla refinancings, leveraged recap) across multiple debt structures (bi-lateral, club, stretched senior, FOLO) which covered debt facilities exceeding £1bn spanning over 25 transactions with deal sizes ranging from £50m to £500m Enterprise Value (deal sheet available upon request). Key achievements of note include:
- Strategic Projects - supported Head of Portfolio Management with periodic reviews of the back book in highlighting common themes / risks across assets exhibiting stress, and incorporating key findings into underwriting practices by overlaying both generic and idiosyncratic risks to modelling downside scenarios.
- Corporate Restructuring Secondment (03/2020 to 08/2021) - Oversaw a portfolio of distressed credits where the Bank's exposure was at risk with a focus on larger / complex cases across Structured Finance. Key workstreams included preparing briefing memorandums to the Chief Risk Officer and Head of Restructuring in support of implementing workout / restructuring strategy (including follow on funding) whilst working alongside advisers and lawyers with a focus on transitioning the credit back into good book and/or secure a consensual exit with minimal / no loss.
- Line Management / Junior Development - direct responsibility over 3 colleagues across different grades. Oversaw Junior Skill Development program through case studies and 1:1 sessions covering areas such as financial modelling, credit analysis and term sheet / documentation.
Associate Director, Leverage Finance
RBS
10.2015 - 08.2017
- Provided structured debt solutions in support of mid-market and large cap PE backed transactions as well as some larger non-Sponsor leveraged transactions.
Associate, Capital and Debt Advisory
KPMG
01.2014 - 10.2015
- Advise PE backed businesses, large regional corporates and Plcs on optimal debt financing solutions to align capital structures with corporate strategies and objectives.
Graduate Roles
BTG Corporate Finance / FW Capital
09.2011 - 01.2014
Education
Member (1st Time Passes)
ACCA
Accounting And Financial Management (2.1)
Loughborough University Business School
04.2001 -
A -Levels (320 UCAS Points)
Llandovery College
GCSE (5A*, 3A, 3B)
Ysgol Gyfun Penweddig
Skills
- Deal Management and Execution
- LMA Legal Documentation
- Report Writing and Presenting
- Financial Modelling
Date of Birth
9th November 1987
Salary And Bonus
Base: £167,000; Bonus: 65% (3yr avg.); Pension (employer cont.): 8%; LTIP: Details upon request; Life Assurance: 4x Base; Private Medical
Timeline
Director, Financial Sponsors
Shawbrook Bank Limited
03.2024 - Current
Director, Mid-Market Leverage Finance
Santander UK Plc
08.2017 - 02.2024
Associate Director, Leverage Finance
RBS
10.2015 - 08.2017
Associate, Capital and Debt Advisory
KPMG
01.2014 - 10.2015
Graduate Roles
BTG Corporate Finance / FW Capital
09.2011 - 01.2014
Accounting And Financial Management (2.1)
Loughborough University Business School
04.2001 -
Member (1st Time Passes)
ACCA
A -Levels (320 UCAS Points)
Llandovery College
GCSE (5A*, 3A, 3B)
Ysgol Gyfun Penweddig