MasterClassTM

Capital Roundtable

Partner

Practising Law Institute

Media Partners

Thomson Financial The Deal

MASTERING SMALL COMPANY BUYOUTS --
How Niche Funds Are Getting Great Returns


Featuring 16 Expert Speakers


Earn CLE Credits

Tuesday, March 15, 2005
8 am - 5 pm
Harvard Club, New York City

Designed to Meet the Needs of Middle-Market Investors, Lenders,
Investment Bankers, & the Professionals Who Advise Them

Faculty | Schedule | Registration | Location | Audiotapes | CLE Credit

As the private equity industry has blossomed in recent years, more and more investors have been discovering the joys of focusing on the smaller end of the middle-market deal stream.
Just a few weeks ago, one of the business news weeklies ran a cover article calling private equity investors the "kings of capitalism," adding that those who concentrate on small deals are the most "upbeat."

But still, the article says, increasingly, the industry is maturing. As a result, even investors on the smaller end concede they have to grapple with tough new challenges.

At this special MasterClass, you'll learn from a faculty of 16 experts what those new challenges are, what firms are doing right when they're successful, what they did wrong when they failed, what they think the trends are, and what they see in their crystal balls.

The program is being led by noted buyout specialist Bob Fitzsimmons, managing partner of The Riverside Company, one of the country's largest funds focused exclusively on smaller deals (which has transacted deals worth more than $1 billion), and produced by The Capital Roundtable™, the country's only educational organization focused exclusively on the private equity community.


When You Leave This MasterClass, You'll Know The Answers To These Questions:

  • Why are smaller deal people so pleased with their segment?
  • Where are they finding their deal flow? Are there more quality deals to choose from, or just more quantity? Is the competition for deals less intense? Is that changing?
  • Is it easier to remedy inefficiencies in smaller companies, as opposed to in medium-sized and larger firms?
  • Are smaller deals harder to finance? What are best practices?
  • Why do some investors says it's easier to nail down smaller deals? Why do other investors say the opposite?
  • Are there best practices for managing smaller companies' less sophisticated managers and systems and accounting practices?
  • Is it best to focus on companies that can be platforms for other acquisitions? What are the trade-offs?
  • Are exit strategies more abundant? Are end-game valuations better?
  • Is it necessarily true that as they grow private equity firms have to seek larger and larger deals to achieve economies of scale?
  • Which is better -- having a dedicated business development team, or should all the partners be on the hunt?
  • How do the experts define "smaller middle market?" Where is the boundary between late-stage venture capital and smaller middle market? Is there a difference? What is it?
  • And much much more ...

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Faculty

Chaired By

  • Robert J. Fitzsimmons, Managing Partner, The Riverside Company

Hosted By

  • Burt Alimansky, Managing Director, Alimansky Capital Group Inc. & Chairman, The Capital Roundtable

Speakers Include

  • Brooke W. Ablon, Partner, The Riverside Company
  • Doug Deal, Director, Deloitte & Touche LLP
  • Karen de Saint Phalle, Investment Manager, Alpinvest Partners NV
  • Michael A. Dinan, President & CEO, Dinan & Co. LLC
  • Bruce T. Guzowski, President & CEO, HCPro Inc.
  • Charles W. Hardin, Partner, Jones Day
  • Michael P. Hermsen, Managing Director, Babson Capital Management LLC
  • Charles S. Lachman, Managing Partner, Corporate Investment Partners Inc.
  • Martin C. Madden, Managing Director, Bariston Partners LLC
  • Beatrice H. Mitchell, Co-Founder & Managing Director, Sperry Mitchell & Co. Inc.
  • Chip Moelchert, Managing Director, Private Advisors LLC
  • Ross Posner, Principal, Heritage Partners Inc.
  • John A. Svoboda, Principal, Svoboda Collins LLC
  • Gary M. Talarico, Managing Director, Sun Capital Partners Inc.
  • Gene Todd, Senior Vice President & Managing Director, National City Bank
  • Ned W. Valentine, Managing Director, Harris Williams & Co.

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Schedule

07:30 - 08:30
08:30 - 09:00
09:00 - 09:45

09:45 - 10:15
10:15 - 11:00

11:00 - 12:15
12:15 - 01:15
01:30 - 02:30

02:30 - 03:45
03:45 - 04:00
03:45 - 05:00

  

Registration, Networking, Continental Breakfast
Welcoming Remarks & Audience Introductions
First Keynote -- Overview -- Trends & Forecasts for Smaller Middle
Market Deals
Coffee & Networking Break
Second Keynote -- How to Succeed in Doing Middle Market
Buy-Outs in 2005
First Panel -- Creating A Distinctive Investment Strategy
Luncheon & Networking
Second Panel -- Techniques for Targeting & Closing The
Best Opportunities
Third Panel -- How to Raise Equity & Debt to Close Deals
Coffee & Networking Break
Fourth Panel -- Lesson Learned From Voices of Experience

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Registration

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Location

Harvard Club of New York
27 West 44th Street
New York, NY

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Audiotapes

 

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CLE Credits

New York State credits are 7.0 credit hours professional practice; for the 60 minutes/credit states (ex. CA, PA, TX etc) 6.0 hours for the MasterClass

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