MasterClassTM

Capital Roundtable

Private Equity Sponsor:


Angelo Gordon & Co.

Investment Bank Sponsor:

Law Firm Sponsor:


Past Attendees:

Akoya Capital

American Capital Strategies Ltd.

Ameriquest Capital Group

Antelum Capital Partners

Avalon Equity Partners

Bear Growth Capital Partners

Bear Stearns Asset Management Inc.

Blott Asset Management

Channelstone Partners

Consumer Growth Partners

Florida Capital Partners I

Fog City Capital

GE Corporate Financial Services Inc.

Goldsmith Agio Helms

H. I. G. Capital Management Inc.

J. P. Morgan Investment Management Inc.

Key Principal Partners

LaSalle Retail Finance

Midwest Mezzanine Funds

Miller Buckfire & Co.

Palladian Capital Partners

Peninsula Capital Partners

Prospector Equity Capital

Saratoga Partners

Stanwich Partners

Windjammer Capital Investors

 

 

Media Partners

Buyouts

The Deal

VC Experts

Capital IQMerger Market

MasterClass™ on
"FUNDLESS" EQUITY SPONSORS --

How You Can Buy Companies
Without Having Your Own
Private-Equity Fund


Featuring 20 Expert Speakers

Click Here to Register >>    Purchase Audio, Video, Transcript >>

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FULL-DAY MASTERCLASS
Wednesday, April 25, 2007
8:00 am to 5:00 pm
New York City


HALF DAY PRE-MASTERCLASS WORKSHOP (optional)

Attracting the Right Deal Flow, & Lining Up the Right Financing

Tuesday, April 24, 2007
2 pm - 5pm
New York City


Designed to Meet the Needs of Entrepreneurial Deal Makers & Investors,
and Middle-Market Lenders & Investment Bankers as well as Lawyers,
Accountants, & Advisors Who Support Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

The recent private equity boom has been partially driven by skyrocketing fund sizes, in a classic case of wagging the dog. But a pioneering class of entrepreneurial investors is eschewing the fund model all together, and learning that it can acquire companies without first raising capital from – and then answering to – limited partners.

They are called “fundless” sponsors, and they use a variety of different strategies for getting their deals done. Some act as lone rangers, some form “clubs” (kind of like angel VC deals, except with leverage), while others find a few rich backers (“search funds”) in the hopes of developing a track record that can later help raise a formal fund.

In each case, fundless sponsors source deals without loan commitments, which means they must be extra-savvy when negotiating with both sellers and bankers. It’s obviously a risky business, but wins are extra sweet because positive returns do not result in dozens of distribution checks.

To discuss the pros and cons of being a fundless sponsor – and the mechanics of how to do it -- please join us for our  third terrific Fundless Equity Sponsor MasterClass. We’ve designed the program for both “experienced” fundless sponsors and prospective ones -- plus the bankers, mezzanine pros, and service providers that are bound to encounter such deals.

Our chairman is Bruce Luehrs, who was a “funded” sponsor with Edison Venture Fund before co-founding fundless pioneer Penn Valley Group. Among his portfolio companies are fitness equipment retailer Smooth Fitness LLC. 

This special program is being produced by The Capital Roundtable™, the country's only educational organization focused exclusively on the private-equity community.

Those attending the full-day MasterClass will learn about --

  • How do you establish credibility with investment bankers and business brokers as a fundless sponsor? (Do’s and Don'ts)
  • How do you establish credibility with sellers as a fundless sponsor? (Do’s and Don’ts)
  • Why the economics can be much better than those of a traditional GP – and why fundless sponsors have greater flexibility
  • Are smaller deals harder to finance?  Has financing for smaller deals become easier or harder over the past year?  Who are the leading providers of debt financing for fundless sponsors’ deals?
  • War stories from fundless sponsors and their bankers
  • Where can you find quality deal flow? Is the competition for deals less intense than for larger deals? Is that changing?
  • Finding funding sources as a fundless sponsor
  • Capital structures used by fundless sponsors
  • Providing value-added services as a fundless sponsor
  • How do you compete if you are a fundless sponsor?
  • What do you need to do to raise a formal committed fund?
  • How high are the barriers to entry?
  • Sourcing professional services (accounting and legal)
  • Are there best practices used by  fundless sponsors to manage smaller companies' less sophisticated managers, systems, and accounting practices?
  • And much, much more…

We also encourage you to attend our Pre-Masterclass Workshop on Tuesday, April 24.

The themes include--

  • Attracting the Right Deal-Flow -- How do fundless sponsors find doable deal opportunities & win out against funded competitors?
  • Lining up The Right Financing -- Where do fundless sponsors go for equity and debt to get their deals done?

You should attend this MasterClass if you --

  • Are an experienced fundless sponsor interested in learning about new techniques and new market players
  • Are a prospective fundless sponsor who needs to learn the ropes
  • Are a service provider looking to identify new clients that are unlikely to be found in a directory
  • Are an investment banker, who might be asked to finance a fundless deal
  • Are a mezzanine lender
  • Are an attorney with either corporate or financial clients that require M&A counsel
  • Are a venture capitalist looking to exit a portfolio company
  • Are a CEO or CFO of a company in search of private equity funding
  • Are a private equity sponsor
  • Want to know where the mezzanine market is, and where it is going.

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Faculty

Chaired By

  • Bruce H. Luehrs, Managing Partner, Penn Valley Group

Hosted By

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

Speakers

  • Michael C. Alcamo, President, M. C. Alcamo & Co. Inc.
  • Geoffrey L. Berger, Partner, Atlantic-Pacific Capital Inc.
  • Marc C. Bergschneider, Managing Member, Starboard Capital Partners LLC (workshop)
  • David J. Blair, Partner, PNC Mezzanine Capital
  • John J. Borer III, CEO, Rodman & Renshaw LLC
  • Timothy C. Briglin, Managing Partner, Tuckerman Capital
  • Charles V. Callahan, Managing Partner, Triangle Venture Partners LLC
  • Michael B. Cohen, President, Coda Capital Corp. (workshop)
  • Michael T. Edsall, Partner, Kirkland & Ellis LLP (workshop)
  • Thomas L. Ferguson, Managing Director, Indigo Merchant Capital Group LLC
  • T. Patrick Hurley Jr., Managing Director, MidMarket Capital Advisors LLC
  • Richard P. Jaffe, Partner, Ballard Spahr Andrews & Ingersoll LLP
  • Bruce N. Lipian, Managing Director, Stone Creek Capital Inc.
  • Paul J. Lowenstein, Chairman, Northbridge Equity Partners Inc.
  • Joel D. Magerman, Managing Partner & CEO, Bryant Park Capital Inc.
  • William M. Means, Managing Partner, Merion Investment Partners LP
  • Jeffrey S. Muti, Managing Partner, Silverline Capital Partners LLC
  • Robert J. Palmer, Principal, Spring Capital Partners LP
  • John L. Pouschine, Managing Director, Pouschine Cook Capital Management LLC
  • Benjamin P. Procter, Partner, Woodside Capital Partners
  • Robert L. Reisley, Managing Director, Evergreen Industries LLC
  • R. Peter Reiter, Managing Director, RFE Investment Partners
  • David N. Roberts, Senior Managing Director, Angelo Gordon & Co. LP
  • Heberden W. Ryan, Partner, Boston Post Partners LLC (MasterClass & workshop)
  • Craig M. Schwabe, Senior Vice President, Rodman & Renshaw LLC (workshop)
  • Joel T. Schwartz, Managing Director, Angelo Gordon & Co. LP (workshop)
  • Robert A. Weiss, Executive Vice President, Sankaty Advisors LLC

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Schedule

MasterClass
07:30 - 08:30
08:30 - 09:00
09:00 - 10:00
10:00 - 11:00

11:00 - 11:30
11:30 - 12:30


12:30 - 01:30

01:45 - 02:45

02:45 - 03:15
03:15 - 04:15

04:15 - 05:15

05:15

Workshop
01:30 - 02:00
02:00 - 05:00

  

Wednesday, April 25, 2007
Registration, Networking, Continental Breakfast
Welcoming Remarks & Audience Introductions
First Keynote--Top 10 Reasons to be a Fundless Sponsor
First Panel--Winning Strategies Used by Successful Fundless Sponsors (Part One)
Coffee & Networking Break
Second Panel--Viewpoints From Investors Who Like Backing Fundless Sponsors (Part One)

Luncheon & Networking

Third Panel-- Recommendations from Two Investment Bankers, A Placement Agent & A Buyouts Lawyer

Coffee & Networking Break

Fourth Panel --Winning Strategies Used by Successful Fundless Sponsors (Part Two)

Fifth Panel--Viewpoints From Investors Who Like Backing Fundless Sponsors (Part Two)

Adjournment

Tuesday, April 24, 2007 (Optional)
Registration & Networking
Workshop--Attracting the Right Deal Flow, & Lining Up the Right Financing

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Registration

  • The registration fee is $1595 for the MasterClass and $495 for the Workshop -- or $1995 for both.
  • At the door, if space is available, the fee is $1695 for the MasterClass and $495 for the Workshop -- or $2095 for both.
  • Special group rates -- The Capital Roundtable offers a special rate for 3 or more people from your firm.  For more info, please contact Dana DeMattia at ddemattia@capitalroundtable.com or 212/832-7333 ext 104.


Click Here to Register >>     Purchase Audio, Video, Transcript >>


You can pay by credit card (using the links above) or by check. Mail your check and business card to New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card. (If you need to cancel, please do so by Wednesday, April 19 at 5:00pm, and we will credit you for a future meeting.)

From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change. We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question? Please contact Dana DeMattia at 212/832-7333 ext. 104 or by email at ddemattia@capitalroundtable.com.

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Location

University Club
One West 54 Street (at Fifth Avenue)
New York City

Please Note: Dress Code for the University Club is jacket & tie for men,
and equivalent attire for woman.

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Audio Package

Can’t attend but want to see, hear, or read the text of the MasterClass?  Now you can buy the video-on-demand, the audio package, or the written transcripts…all with the handouts from the program. Purchase Audio, Video, Transcript.

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Sponsorship

The Capital Roundtable offers excellent sponsorship opportunities to reach the private-equity community. For more details, visit our Sponsorship Page or contact Amber Mahood at 212/832-7333 ext. 103 or by email at amahood@capitalroundtable.com.

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