MasterClassTM

Capital Roundtable

Law Firm Sponsor

Winston & Strawn

Association Partner

Practicising Law Institute

Media Partners

The DealCapital IQBuyouts

VC Experts

Merger Market

Fourth Annual West Coast

MasterClass On Mezzanine Finance--

Why P. E. Firms Are All of a Sudden Cozying up Again

With Middle-Market Mezz Funds

20 Speakers, San Francisco

Attendance for This Program is Limited--
Register Now

 

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 Purchase Audio Package >>

FULL-DAY MASTERCLASS
Thursday, March 13, 2008
8:00 am – 5:15 pm
San Francisco

HALF-DAY POST-MASTERCLASS WORKSHOP (Optional)
Intercreditor Agreements & Bankruptcy Issues --

How & Why They've Changed so Dramatically in the Past Several Months


Friday, March 14, 2008

8:30 am - 11:30 am

San Francisco

EARN CLE CREDITS

Designed to Meet the Needs of GPs & LPs of Buyout, Venture Capital,

& Hedge Funds, Lenders & Mezz Providers, & the Bankers,
Lawyers, & Other Advisors Who Support Them

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

What a difference just a couple of months can make.


After years of using all kinds of non-traditional financing options to complete deals, middle-market private equity firms are now turning back to traditional mezzanine providers.


Mezzanine issuances had hit an all time low in recent years for many reasons including new market entrants, business development companies, collateralized loan obligations, second lien loans, and hedge funds. However, since the beginning of the credit crunch, mezzanine providers are finding themselves back in favor.

Many of the lenders that were providing cheaper financing are now finding the current terms of such cheaper financing unattractive, or else have gone out of business, leaving traditional mezzanine players in pole position. Additionally, with a weak economy and restructuring deals becoming more prevalent, mezzanine paper is becoming very valuable once again.


As one mezz player in the industry puts it -- since the credit crunch debacle shut down the markets, private equity firms have been much more interested in what the traditional mezzanine players are offering. The past couple of months have been a reacquaintance period. Many expect that mezzanine financing will continue to see more opportunities in the coming months.

Find out what you need to know about playing in the mezzanine arena again. While the old players are back, the structures have changed and so has the pricing.

So please join us at this all-new MasterClass where you’ll learn how to sort through all the new nuances of mezzanine financing in today’s very different dealmaking environment. Learn which financing strategies best fit your needs and what to do if you are already in bed with the wrong lender.

You’ll leave this MasterClass with a better understanding of how to structure the best financing packages and how to handle all the changes that have taken place in the junior lending space over the past few months. A faculty of 20 experts will compare and evaluate the different financing structures available today.

Here are some of the key themes you’ll learn about at this program --

  • The benefits of using traditional mezzanine financing
  • How mezzanine financing will play into distress investing
  • How to choose the right mezzanine lender in today’s new dealmaking environment
  • Creative structures traditional mezzanine firms are using
  • Why are so many mezzanine shops starting their own one-stop shops?
  • What equity sponsors think about the much ballyhooed one-stop shop strategy.
  • How seasoned private equity professionals view the different types of financing available.
  • Will CLOs, hedge funds, and covenant lite deals re-emerge?
  • What to do if you have already used a non-traditional mezz player to finance your deal.
  • What role senior lenders are playing in today’s lending market?
  • How to avoid getting involved in a bad lending agreement.
  • What is the future of stapled financing?


Attend this MasterClass if you are a --

  • private equity manager who wants to stay abreast about terms & opportunities in the junior markets
  • fundless private equity sponsor looking for backing
  • late-stage venture capitalist with portfolio companies hungry for new capital
  • CEO or CFO of a company considering using mezzanine, second-lien, or one-stop financing
  • junior debt user who wants to expand their rolodex of junior providers
  • member of the junior debt community who wants to develop new business
  • new mezzanine provider wanting to improve competitive market knowledge
  • experienced mezzanine lender wanting to confirm prevailing market terms & strategies
  • attorney or investment banker with financial or corporate clients that use (or should be using) mezzanine capital
  • attorney or other advisor with clients who are mezzanine providers
  • second-lien provider or one-stop lender who wants to stay ahead of the wave
  • or anyone else wanting to learn more about the mezzanine market, and where it is going


This MasterClass is being led by noted mezzanine specialist Ron Kahn, a managing director at Chicago-based Lincoln International, a prominent middle-market investment banking firm, and the acknowledged thought leader in the mezzanine finance industry.

It is being sponsored by the law firm of Winston & Strawn LLP, represented by Thomas Stromberg Jr., an international law firm with 900 attorneys among nine offices in Chicago, Geneva, London, Los Angeles, Moscow, New York, Paris, San Francisco, and Washington.

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Faculty

Chaired By

  • Ron Kahn, Managing Director, Lincoln International
  • G. Thomas Stromberg Jr., Partner, Winston & Strawn LLP

Speakers

  • Eric B. Beckman, Partner, Ares Management LLC
  • Geoffrey C. Bland, Managing Director, Wedbush Capital Partners.
  • Thane Carlston, Managing Director, Jefferies & Co. Inc.
  • Kristi W. Craig, Senior Investment Officer, Small Business Investment Companies Program
  • Scott A. Daum, Director, Tricor Pacific Capital Inc.

  • Stephen W. Etter, Partner, Greyrock Capital Group LLC (Workshop)
  • John W. Felix, Director, Laminar Direct Capital LP

  • Stephen M. Fetzko , Senior Vice President, Fortress Investment Group
  • John D. Fredericks, Partner, Winston & Strawn LLP
  • David J. Grossman, Managing Director, Kohlberg Capital Corp.
  • David Hadley, President, Hadley Partners Inc.
  • Jeri J. Harman, Managing Director, Allied Capital Corp.
  • Jeffrey J. Holland, Managing Director, Seacoast Capital Partners LP
  • William N. Holm, Senior Vice President, Hartford Investment Management Co.
  • David A. Honig, Partner, Winston & Strawn LLP (Workshop)
  • Steven Martinez, Managing Director, Aurora Resurgence Management Partners LLC
  • Andrew J. McDonough, Partner, Winston & Strawn LLP
  • Eben P. Perison, Managing Partner, Fulcrum Strategy Partners
  • Eric E. Sagerman, Partner, Winston & Strawn LLP (MasterClass & Workshop)
  • James M. Shorin, Managing Member, Horizon Holdings LLC
  • Sheila T. Smith, Partner, Deloitte & Touche LLP
  • Daniel J. Stromberg, Partner, GESD Capital Partners LLC

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Schedule

MasterClass
07:30 - 08:15
08:15 - 09:00
09:00 - 09:45
09:45 - 10:30
10:30 - 11:00
11:00 - 12:15


12:15 - 12:45
12:45 - 01:45
01:45 - 02:45


02:45 - 03:00
03:00 - 04:00

04:00 - 05:15
              05:15

Workshop
08:00 - 08:30
08:30 - 11:30

  

Thursday, March 13, 2008

Registration, Networking, & Continental Breakfast
Welcoming Remarks & Audience Introductions
First Keynote – Evolution of the Mezzanine Market
Second Keynote – Current Issues & Challenges
Coffee & Networking Break

First Panel – Four Top Mezz Lenders Report the Pricing & Terms

They’re Comfortable Offering Today
Third Keynote- Presentation by Kristi W. Craig
Luncheon & Networking
Second Panel – Four Experienced Restructuring Experts Discuss How Today’s Economy is Affecting the Volume & Variety of Distressed

Companies
Coffee & Networking Break
Third Panel – Four Prominent Private Equity Fund Managers Discuss
How Their Perceptions About Mezz Have Shifted
Fourth Panel – How to Make Deals Work
Adjournment & Networking

Post-MasterClass Workshop (optional) Friday, March 14
Registration & Networking
Workshop -- Intercreditor Agreements & Bankruptcy Issues --

How & Why They've Changed so Dramatically in the Past Several Months

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Registration

  • Early Bird Registration Fee -- and save $200 off the regular fee! Register by Friday, February 15, and the fee for the MasterClass is $1695 -- or $2095 for both the MasterClass and Workshop.
  • After that, the regular registration fee is $1895 for the MasterClass -- or $2295 for both the MasterClass and Workshop.
  • At the door, if space is available, the fee is $1995 for the MasterClass -- or $2395 for both the MasterClass and Workshop.
  • Special group rates -- The Capital Roundtable offers a special rate for 3 or more people from your firm.  For more info, please contact Amy Geiger at ag@capitalroundtable.com or 212/832-7333 ext 103.

 

Click Here to Register >>     Purchase Audio Package >>


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 Thursday, March 6, 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 Heather Sote at 212/832-7333 ext. 111 or by email at hsote@capitalroundtable.com.

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Location

Full-day MasterClass -- Thursday, March 13
Practising Law Institute Conference Center
685 Market Street (between Third and Annie Streets)
Monadnock Building, San Francisco, CA
Phone number: 415/498-2821

Post-Conference Workshop -- Friday, March 14

The Commonwealth Club of California
595 Market Street
San Francisco, CA

Phone number: 415/597-6700

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

 

CLE Credits

CLE credits are available for this program.

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Sponsorship

The Capital Roundtable offers excellent sponsorship opportunities to reach the middle-market private-equity community. For more details contact Arlene West at 212/832-0800 or by email at awest@capitalroundtable.com.

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