David Ayanoglou CPA,CA, CBV

Experience

• 

  KPMG

  May 2001 - Nov 2005

  Senior Associate

  • Dedicated resource, providing audit and advisory services to clients of KPMG’s Enterprise Group and Manufacturing Retail & Distribution Group.• Clients included large public filers (i.e. General Mills, Martinrea Inc.), large private companies (i.e. Teknion Furniture Systems Inc) and founder manager businesses (i.e. Zavida Coffee etc).• Due Diligence support for clients engaged in M&A activity.• SOX consultant to U.S.- based services industry clients who are SEC registrants.• Provided review and other accounting and tax services to owner-managed corporations and personal tax clientele, including clients operating in construction equipment leasing, real estate and other market sectors. • Provided accounting, audit services to Not-For-Profit sector, with special focus on Municipalities (Peterborough and Township of King) as well as artistic organizations (Toronto International Film Festival, Canadian Movie Production and Distribution Association). Show less

• 

  Sentinel Mortgage Brokers Inc.

  Nov 2005 - Feb 2007

  Founder

  • Founded and managed a residential and commercial mortgage brokerage, which employed 10 part-time mortgage agents. Loan portfolio included Construction loans, SBLs and Equipment financing.

• 

  OpenText

  Feb 2007 - Jul 2020

  • Led and managed finance diligence team in analyzing financial data of target companies to: - Identify acquisition risk, and areas for potential value accretion. - Develop leverage negotiation, including enterprise value oriented working capital pegs, revenue actualization (i.e. revenue walk), etc. - Participation in target/intermediary negotiations. - Plan for synergies, road-mapping etc. - Plan and negotiate restructuring programs. - Responsible for ensuring legal purchase agreements include adequate coverage for negotiated financial acquisition demands. - Prepare and perform presentations to Management, M&A deal team and to Target/Bankers. - Participate in the planning of organizing acquisition capital structures, including geographical ownership of assets in concert with US, Canadian and EMEA Tax and OECD Transfer Pricing structures. • Led and managed the finance team responsible for preparing the Opening Balance Sheet of target acquisitions, including managing the target’s closing books, and FV adjustments. • Created & prepared valuations of target and acquired companies (including valuing Intellectual Property and other Intangibles, and fair valuing Deferred Revenue). • Participated in the execution of over 40 transactions where the deal sizes range from $5M to $1.62B (Dell/EMC).• Valued subsidiaries of newer acquisitions as part of an on-going global corporate re-organization initiative, to move legal entities and Intellectual Property to coincide with planned tax architecture. More recently this has involved IP migration around US Tax reform (BEAT, MDR etc).• Assisted in the audit process; answering auditor queries and supporting positions taken by management Show less • Prepared monthly and quarterly closes to the point of integration; key resource of integration brought in on an initial two-week contract, which was continuously extended, to assist with Hummingbird acquisition accounting and integration. • Prepared the manual consolidation, which included complex foreign exchange and intercompany accounting. • Assisted in SOX projects with respect to identifying and analysing internal control issues in foreign entities.• Reviewed and analysed financial statements of the consolidated group and of individual subsidiaries; created automated monthly reporting package used to analyse legal entity performance. Show less

  • Director of Finance – Valuations & Transaction Support

    Jan 2010 - Jul 2020

  • Senior Manager of External Reporting

    Mar 2009 - Jan 2010

  • Contract Consultant

    Feb 2007 - Mar 2009
• 

  Axxia Advisory Corp.

  Jul 2020 - now

  Partner

  • Partnered with seasoned investment and tax advisors to originate family office and related lines of business (Family Office Mgmt., Asset Protection, Investment & Insurance Advisory, & Tax Structuring).• Origination (incl. diligence) of Financing Deals in excess of $50M.• Outsourced M&A services (origination, diligence, reporting, target-facing negotiations, etc.).• Fractional CFO / FP&A services.• Valuation services.

• 

  Geneva Centre for Autism

  Apr 2021 - now

  Chief Financial Officer

  • Led Finance and Technology teams and initiatives which include:• Financial Reporting and Analysis (Inclusive of regulatory filings, monthly reporting packages, etc.)• Implementation of financial controls processes• Strong expense management• System implementations (CRM - Salesforce, PO processing)• Divestiture & Acquisition of Real Estate footprint• Strategic Planning & Execution • Management of the Audit• Key participant in all Board presentations• Managed relationships with key stakeholders (BOD, Clients, Staff Townhalls, Competitors, etc).• Turnaround of agency by finding synergies, cost savings, changing offerings and negotiating optimized government funding to create sustainable wealth, increasing WC by 240% in my tenure.• Managed the Sales process of Sonderly E-Learning tools, increasing sales by 15% over the prior year.• Managed Programs transition from an NFP model to a For-profit model.• Brought in key donors and funders to the table and participated in fundraising initiatives. Show less