Tosh Dhanalal

Tosh Dhanalal

Managing Director
Chicago Mergers & Acquisitions Consumer +1 (213) 283-3716
As an entrepreneur at heart, I position my clients to achieve exceptional outcomes through a hands-on and high-energy approach.

Tosh provides advisory services to a diverse client portfolio of founder-led, private equity backed and public companies. He has experience working with direct-to-consumer, e-commerce and multichannel brands in the apparel, home furnishings and décor, home improvement, pet, specialty and category dominant retail sectors. With nearly 100 transactions completed in the last 18 years, former clients have included Arhaus, Boot Barn, Comoto, Hanna Andersson, Pet Supplies Plus and Wayfair, among others.

With more than 20 years of investment banking experience, Tosh’s diverse transaction experience includes a wide variety of transactions including originating and executing sell-side and buy-side mergers and acquisitions (M&A), in addition to equity and debt capital raises.

Prior to joining Lincoln, Tosh was a Managing Director at Piper Sandler for 18 years. Previously, he was a founding member of a fintech company after working as an Analyst at Merrill Lynch and Wessels, Arnold & Henderson.

Tosh earned a Master of Business Administration with honors from the UCLA Anderson School of Management and a Bachelor of Arts in economics from Macalester College.

Related Perspectives featuring Tosh Dhanalal

Room for Growth: Home Furnishings Industry Showing Areas of Opportunity

Few industries have experienced highs and lows as much as the home furnishings sector over the last three years. Driven by COVID-19 stay-at-home measures and remote work, the industry saw… Read More

Webinar | Bringing Sustainability to the Table: Perspectives on ESG in the Home Furnishings Industry

On May 22nd, 2023, Lincoln International and L.E.K. Consulting hosted a webinar which explored the importance of sustainability and subsequent priorities in the home furnishings sector, findings from a recent… Read More

How Excess Inventories are Impacting Furnishings Businesses

The macro-level supply challenges initially spurred by the COVID-19 crisis have largely subsided while their lingering effects have continued to weigh on many consumer products companies. The pandemic period saw… Read More

M&A in Home Furnishings: Q&A with Lincoln Managing Director Tosh Dhanalal

Lincoln International recently welcomed Tosh Dhanalal to the firm as a Managing Director in the Consumer Group. Tosh comes to Lincoln with extensive experience advising founder-led, private equity (PE)-backed and… Read More

Showing 1 – 4 of 4

News & Media featuring Tosh Dhanalal

Lincoln International Adds Tosh Dhanalal as Managing Director

Lincoln International, a leading global investment banking advisory firm, is pleased to announce the addition of Tosh Dhanalal as a Managing Director in the firm’s Consumer Group in Los Angeles.… Read More

Showing 1 – 1 of 1

Meet our Senior Team in Consumer

David Houser

Managing Director

Chicago

Firm details on FINRA’s BrokerCheck