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Topic: “Maximizing Value with Experienced Buyers,”
Faculty: Dave Tolmie, former successful business owner and currently a Partner with Edgewater Funds, a private equity firm with over $1 billion in capital under management.
Dave Tolmie is a Partner with Edgewater Funds, a Chicago-based private equity firm with over $1 billion in capital under management. As one of the firm’s senior partners, Dave is active in sourcing and making new investments, raising capital and serving on the board of directors of various Edgewater portfolio companies. Edgewater acquires lower middle market companies across a range of growing industries.
Prior to joining Edgewater in 2001, Dave’s career was in leading public and private companies as CEO or senior officer. Dave was CEO and President of Yesmail, Inc., the industry’s leading provider of email direct marketing services. He led the company through its venture capital financing, IPO, and eventual sale for $720 million. Dave joined Yesmail from Platinum Venture Partners, where he was the firm’s CEO In Residence and led the venture firm’s investments in business services, interactive marketing, and e-commerce.
Previously, Dave was Senior Vice President of Operations for Bally Total Fitness, beginning his employment there in 1986 with a company subsequently acquired by Bally. At Bally, Dave was responsible for all aspects of the company’s operations, including $650 million in annual revenues and its 13,000-person sales and operations workforce. During his tenure, Bally achieved a successful IPO spin-out from its parent company and a 400+% increase in market value.
Dave began his career as a Product Manager at General Mills, Inc. and then as a consultant with McKinsey & Co., where he was a member of the firm’s Consumer Marketing Practice in New York.
Dave holds a Masters in Business Administration from Harvard University, where he graduated in 1980 and received awards for leadership and outstanding contribution through his role as Student Body President. He received his BA, with honors, from the University of Virginia in 1977.
Dave is active in civic and non-profit activities, including serving on boards for the Field Museum, Illinois Venture Capital Assoc., Chicagoland Entrepreneurial Center, Opportunity International, University of Virginia Jefferson Scholars and the Faraja School for Children with Physical Disabilities in Tanzania, Africa. He resides in Lake Forest, Illinois with his wife Tracy and their three children.
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