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Thursday, Nov 30, 2023

Leaders of Influence: Investment Bankers 2023 – David Barnes

Custom Content by the Los Angeles Business Journal

Managing Director; Head of M&A
Palm Tree LLC

David M.V. Barnes is managing director and head of M&A at Palm Tree LLC. Barnes has well over 30 years of investment banking, private equity and corporate development experience, having closed over 350 M&A transactions with a combined enterprise value in excess of $10 billion.

Barnes was previously head of corporate development at Lumio, where he created, built and financed the fourth-largest photovoltaic solar sales & installation company in the country. At Lumio, Barnes interviewed the owners of over 100 of the top solar companies in the country, ultimately combining five of them into Lumio. Barnes helped recruit senior management, assisted in the integration of the five companies, and engaged his former firm, Houlihan Lokey, to provide the acquisition financing necessary to purchase all five PV solar companies. Houlihan Lokey`s Capital Markets team succeeded in raising $110 million of acquisition capital in a transaction that closed in Q4 2021.

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