B. Dyson Maritime
Even If You Haven’t Heard Of Us, You Know Us
We are B. Dyson Maritime, founded in 2019 after decades at Lazard and other leading investment banks.
We Design Transactions For What Happens After The Pricing Call
Over decades, we have advised companies through changing shipping cycles, periods of market dislocation, and evolving capital markets conditions.
Our perspective was shaped not only by raising capital, but by observing how financing decisions perform over time. That experience informs our approach to capital structure strategy, refinancing, deleveraging, and capital formation.
We work with maritime companies seeking financing solutions designed not only for today’s market, but for the conditions that may follow.
Brendan Dyson – Managing Partner
Brendan founded B. Dyson Capital Advisors on the principle that financing transactions should be designed for what happens after the pricing call. That philosophy was shaped through decades in trading, underwriting, and restructuring.
Prior to founding BDCA, Brendan was a partner at Lazard, where he pioneered the private convertible exchange business and led over $10 billion of sole-managed transactions.
Brendan began his career at PaineWebber as a convertible arbitrage trader before joining Robertson Stephens, where he founded and built a market-leading convertible sales, trading, and underwriting business primarily serving technology and biotechnology companies.
Brendan has a BS in Finance from the University of Connecticut and an MBA in Finance from New York University.
Aran Williams – Managing Director
Aran has 30 years in investment banking, focusing on M&A, restructuring and financing in public and private markets, most recently at Lazard in the shipping team.
Aran began his career with S.G Warburg in London in international debt restructuring with the Paris Club, and European public corporate takeovers and defense. He spent a year as a fund manager in Moscow, then moved to Stockholm, where he worked for Lazard in M&A.
Aran focused on the maritime and offshore sectors, first in Scandinavia, and post 2008 as part of the global sector team restructuring maritime company balance sheets. Since his time at Lazard, Aran has collaborated with Brendan Dyson on capital markets transactions, including convertible bonds for Euronav, DHT Holdings and Scorpio Tankers.
Aran has a BA joint honours degree in French and Russian from Durham University.
$203,500,000
Private Convertible
Debt Exchange
Maturity Extension
$200,000,000
Premium Par
Convertible Debt
Maturity Extension
*B. Dyson Capital Advisors Acted As Sole Financial Advisor
$125,000,000
High Premium
Convertible Debt
Maturity Extension
$125,000,000
Private European
Convertible
Debt Exchange
Maturity Extension
Unless otherwise noted, transactions were sole-managed and executed by principals of B. Dyson Capital Advisors while at prior firms.
“B. Dyson Capital helped Scorpio to design and execute a solution that looked artful at the time, but now looks downright genius.
They were able to exchange their existing bonds for new bonds that maintained the low 3% cash coupon by accreting the rest of the interest as principal and maintain the very high conversion premium (100%). The Scorpio deal team was also able to insert an unusual feature known as a “issuer’s redemption option.” This clause gave them the right to force the bondholders into equity at 125% of the conversion price, thereby putting a ceiling on the dilution.
In retrospect this was an extraordinary deal. But even when you look past the drama of this unique situation, it is also a powerful reminder that utilizing the wide range of capital markets products available in the marketplace can create enormous value in a highly cyclical and volatile industry like commodity shipping.”