GCA Altium appoints Senior Advisor for Automotive Technology & Mobility
GCA Altium has appointed David Riemenschneider as Senior Advisor for Automotive Technology & Mobility.
Riemenschneider brings to GCA Altium a combination of over 30 years of experience as senior executive at one of the world’s largest car makers, CEO of a private equity-backed automotive software firm and M&A advisor in Automotive Technology and Mobility. He has led circa 20 corporate finance transactions both as principal and advisor. An American citizen, David has lived in Europe (France, the UK and Germany) for over 20 years.
Riemenschneider was born and raised in Michigan (USA) where he also studied, receiving his BBA in 1985 and his MBA in 1989. He started his career with Ford Motor Company in the US and moved to Europe where he headed the Aftersales business until 2001. Under his tenure at Ford, David led the integration of several acquisitions in the US and Europe for a combined value in excess of USD1.4 billion. Riemenschneider then became CEO of Clifford Thames, a UK headquartered firm which he turned, organically and via four build-ups, into the country’s leading automotive content management software provider. Since 2013, Riemenschneider has been advising companies and investors on strategy, development and M&A across all technology-driven segments of the Automotive sector: Connected/Autonomous Vehicles & Telematics; Digital Marketing, Distribution & Aftersales; Data & Artificial Intelligence; CAD/CAM & Augmented Reality; Vehicle/Ride Sharing & New Mobility Technologies & Services.
Riemenschneider is an active private investor. He is the Chairman of a UK private equity-backed automotive customer retention SaaS provider and sits on the board of a UK online automotive repair platform and of a North American Artificial Intelligence company.
Hugues Archambault, Managing Director at GCA Altium, says: “We have known David for several years as a highly respected executive and advisor in Automotive Technology and Mobility across Europe. Following the acquisition of I’Car Systems and Datafirst by Providence Strategic Growth and the sale of Gestigon to Valeo, two landmark GCA Altium deals, David will support us with his broad network, technology expertise and business experience to advise clients in this fast-changing sector. David’s appointment is a major strengthening of GCA’s already thriving global Auto Tech & Mobility practice present in the US (San Francisco), Israel (Tel Aviv), Asia (Tokyo) and, of course, Europe (Paris and Frankfurt). We are delighted to be already working with him on several potential transactions in Europe and beyond.”