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.

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 and when he is not negotiating debt facilities, he spends his weekends 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).