Over ten years ago, Avington identified client needs for industry specific, independent, conflict-free investment banking services. In the fall of 2005, Avington was established to address this need.
Through a combination of direct industry operating experience coupled with extensive international investment banking advisory experience, Avington focuses on the following sectors:
Avington has quickly established itself as a leading international boutique investment bank. It has a commanding presence in hospitality mergers and acquisitions.
Since its inception in 2005, Avington has been involved in some of the highest profile transactions at the forefront of strategic change in the global hospitality industry. Avington is recognized globally as a leader in large, complex international hotel transactions, having been involved in over US$20 billion of completed M&A transactions in the industry
The Avington Group is recognized globally as a leading advisor, investor and asset manager in the global hospitality and leisure industries. Founded and controlled by the Mongeau Family Interests, its businesses include the Avington companies (investment and merchant banking), the Avingstone companies (asset management) and Mongeau Capital (private equity investments).
Avingstone, its development and operating asset management arm, has quickly established itself as a valued asset manager for private equity firms, pension funds and dynastic family offices as they develop, acquire, reposition and monetize their investments in the leisure and hospitality sectors. Its team of professionals is led by Jim Brown, President, and Bernard Lambert, Senior Managing Director, and collectively have over 140 years of luxury hospitality experience in senior operational and executive roles
Avingstone provides a comprehensive array of services to hotel owners and operators to help optimize the performance of their operations and real estate investments, and it is sought after for its development, pre-opening and post-opening asset management services
Avingstone currently has asset management mandates representing approximately US$3.5 billion A.U.M.
David C. Mongeau is Chairman and founder of Avington. David is an international investment banker, with extensive experience advising and assisting leading corporations, private equity firms, dynastic family offices, and pension funds in identifying strategic, high-quality investments in our sectors of focus and in implementing successful investment programs.
David is a frequent speaker at international industry conferences and until 2009 was Vice Chairman of the World Travel and Tourism Council, the international association representing the leisure and hospitality industries. David was nominated as Investment Banker of the Year at the 2004 Americas Lodging Investment Summit in Los Angeles, California.
Until March 2005, David was Vice-Chairman of CIBC World Markets and Global Head of its M&A and Hospitality groups. As Global Head of M&A, David presided over the Wood Gundy/CIBC World Markets M&A Group’s development from a three person Toronto based group in 1993 to a global organization of over 100 professionals with offices in Toronto, New York, Los Angeles, Sydney, Hong Kong, Tokyo and London. After moving to London in 2000, David built CIBC World Markets’ European Investment Banking into a leader in financing and advising on Private Equity transactions and in European Real Estate, Leisure & Hospitality M&A. From 1998 to 2001 David was the CIBC representative on the board of the advisory joint ventures formed with LCF Edmond de Rothschild Banque, Bank Sal Oppenheimer, Asahi Bank and Banque Degroof.
Prior to joining CIBC Wood Gundy in 1993, David spent seven years at Four Seasons Hotels as Senior Vice President and Executive Vice President, where he negotiated and implemented the acquisition of over 30 hotels and management agreements. David also led the acquisition of Regent Hotels and was the company’s representative on the board of FRI Corp, the US$2.0 billion property vehicle formed with Long Term Credit Bank of Japan.
Before joining Four Seasons David practiced corporate securities law at Goodmans LLP in Toronto and at Baker & McKenzie LLP in Toronto and New York City.
David obtained his law degree from University of Western Ontario. During 1980, David attended Case-Western Reserve University in Cleveland, Ohio on a fellowship from the Canada-US Law Institute to study advanced corporate finance and securities law.
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