James Weissenborn

Mr. Weissenborn is a co-founder and the Managing Partner of Mackinac Partners. He has served as CEO, CFO and COO of several major national and international, public and private corporations in various industry sectors, including banking and financial services, real estate, entertainment, sports and investment banking. He has extensive capital markets experience, having raised more than $4 billion, and is equally adept in repositioning strategy and management.

As CFO and senior vice president of a Detroit-based private conglomerate, Jim helped to successfully restructure the company’s fast food holdings, closing 600 stores while repositioning strategy and management. He also managed the restructuring of the Detroit Tigers’ stadium financing and the capital structure of the Detroit Red Wings.

While president and CEO of National Mortgage Corp., a $1 billion annual originator of sub-prime consumer credit, he guided the firm through a restructuring, initial public offering registration and ultimate sale of the company.

As a senior officer of Pulte Homes, Inc., Mr. Weissenborn was responsible for strategic planning, acquisition planning and negotiation, capital markets strategy and planning. He also had primary responsibility for restructuring the company’s international homebuilding ventures.

As CFO and a member of the board of directors of First Heights Bank, Mr. Weissenborn played a key role in acquiring from the FSLIC and consolidating five failed Texas thrifts with 50 branches and over $2.5 billion in troubled assets.

Mr. Weissenborn has led and played a key role in many Mackinac Partners engagements. Mr. Weissenborn led the Mackinac Partners engagement for a Chapter 11 debtor company, an Orlando-based publicly held business that is among the world’s largest timeshare resort owners and finance companies. He served as interim president of its financial services subsidiary and also sourced and participated in the arrangement of $160 million in debtor-in-possession (DIP) financing and $300 million in exit financing.

Mr. Weissenborn also led the financial advisory engagement for a Denver-based manufactured park owner and operator. He served as the primary advisor to the company in a complete recapitalization that included an IPO and the arrangement of over $1 billion in new debt financing.

Mr. Weissenborn has led creditor assignments for Merrill Lynch Capital Markets, Inc. and RBS-Greenwich Capital. Mr. Weissenborn has also led financial advisory assignments for a sweet goods bakery, a regional homebuilder and a national supplier to the manufactured housing and recreational vehicle industries.

Mr. Weissenborn has primary responsibility for the Mackinac Partners private equity activities. Accomplishments include investment in and sponsorship of purchase of Mackinac Financial Corporation (bank holding company), investment in and sponsorship of a franchise development company which owns the area development rights for Papa Murphy’s Pizza franchises in parts of the Midwest, investments in high-end fractional ski resort in Jackson Hole, WY and investment in and oversight of a Los Angeles based commercial security firm which was sold to Securitas in late 2005.

Mr. Weissenborn serves on the board of directors of Sunterra Corporation (SNRR), Hamilton Pacific, Inc. and PTC Alliance, Inc. Mr. Weissenborn is a cum laude graduate of the University of South Florida and earned an MBA from the University of Texas at Austin. He received a certificate of examination for successful completion of the CPA exam in Texas. Mr. Weissenborn, his wife, Cathy, and their two children live in Bloomfield Hills, Michigan.