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David Julian Buchler (born 31 December 1951 in London) is a British businessman, best known as a practitioner in the field of corporate recovery and restructuring. He is closely associated with Tottenham Hotspur F.C. and the English National Opera (ENO).
Career
Educated at Highgate School in London, David Buchler entered the accountancy profession in 1970 as an articled clerk (trainee Chartered Accountant) with Bernard Phillips & Co. When the firm merged with Arthur Andersen in 1979, Buchler transferred as a Partner and continued to build his reputation as an insolvency practitioner. In 1988, he launched Buchler Phillips with his longtime business partner Peter Phillips, undertaking several high-profile corporate recovery assignments, including the receivership of Robert Maxwell's private estate.[1][2] Buchler Phillips was acquired in 1999 by global consulting firm Kroll Inc.,[3] after which David Buchler became the new parent's chairman for Europe and Africa until 2003. During that year, he served as President of R3, the Association of Business Recovery Professionals.
In April 2008, it was reported that David Buchler was leading a private-equity backed approach to buying Kroll from its then parent, Marsh & McLennan.[4][5] In December 2008, David Buchler entered the bid process to acquire stricken high street retailer Woolworths.[6][7] Forming his independent business, DB Consultants, in 2005, David Buchler spent the 10 years that followed focusing on a diverse portfolio of complex restructuring and turnaround assignments with both publicly listed and private companies, often working as chairman. The most notable of these were leading the fraud investigation at Langbar International,[8] chairing sports management group CSS Stellar, and restructuring former e-security group Baltimore Technologies.
In 2009, Buchler launched a turnaround focused private equity business, Merchant Asset Partners, to raise £500m for a one-time only fund to invest in UK distressed deals. David Buchler has been Chairman of the Chinese investment group London Asia Capital since 2011 and of growth capital investor Volvere plc since 2013.[9] In January 2017, he was appointed Chairman of Puma VCT 13 PLC. Buchler Phillips was relaunched in 2015, focusing on financial restructuring, operational turnaround and corporate recovery.
Football
David Buchler has been involved in football club restructuring since 1992 when Buchler Phillips was appointed administrator to Harrow and Wealdstone FC.[10] During the 1990s, he advised Luton Town F.C., Millwall F.C., Oxford United F.C., Swindon Town F.C. and Barnet F.C.,[11] before joining the board of Tottenham Hotspur F.C. where he was vice-chairman from 2001 to 2006.[12] In 2002, David Buchler's eldest daughter, Sara, married Darren Dein, son of David Dein, the then vice-chairman of North London football rivals Arsenal F.C.[13]
Opera
A lifelong opera fan, David Buchler joined the board of the then financially troubled English National Opera in October 2006. Within months, he became Deputy chairman, a position he held for 10 years. He is presently ENO's Chairman of Directors Emeriti. In June 2017 David Buchler launched a website to chronicle his personal reviews of performances all over the world.[14]
References
- ^ Stokdyk, John. "Buchler Phillips told it can keep 99% of Maxwell receivership fee", Accountancy Age, London, 16 March 1999. Retrieved 16 March 1999.
- ^ Guilfoyle,Brendan. "Market leaders: Who is the finest winding-up merchant?", The Independent, London, 17 March 1999. Retrieved 17 March 1999.
- ^ New York Times. "Company Briefs: Kroll O'Gara Co.", The New York Times, New York, 4 June 1999. Retrieved 4 June 1999.
- ^ Felsted, Andrea. "Turnaround specialist heads bid for Kroll", Financial Times, London, 30 April 2008. Retrieved 30 April 2008.
- ^ Goodway, Nick. "Turnaround king eyes Kroll", London Evening Standard London, 1 May 2008. Retrieved 1 May 2008.
- ^ Hall, James. "Former Spurs executive makes surprise bid for Woolworths", The Daily Telegraph, London, 5 December 2008. Retrieved 5 December 2008.
- ^ Berwin, Lisa. "Ex-Kroll chief David Buchler circles Woolworths", Retail Week, London, 8 December 2008. Retrieved 8 December 2008.
- ^ Jivkov, Michael. "Langbar calls on insolvency expert to find cash", The Independent, London, 20 December 2005. Retrieved 20 December 2005.
- ^ Cocker, Maryam. "Volvere says momentum continued in 2017 as annual profits rise", Alliance News, London, 26 May 2017. Retrieved 26 May 2017.
- ^ Willcock, John. "Crystal Palace picks Buchler", The Independent, London, 5 March 1999. Retrieved 5 March 1999.
- ^ Schlesinger, Larry. "Buchler has six months to earn his spurs", Accountancy Age, London, 5 March 2001. Retrieved 5 March 2001.
- ^ Bruce-Ball, Jim. "Buchler's insolvency warning", The Daily Telegraph, London, 18 May 2002. Retrieved 18 May 2002.
- ^ "Love match unites Spurs and Gunners". London Evening Standard. 11 January 2002. Retrieved 11 December 2017.
- ^ Walsh, Dominic. "City People: All the world's a stage", The Times, London, 11 July 2017.