MasterClassTM

Capital Roundtable

Marquee Sponsor

Showcase Sponsor

Association Partners

Data Partners

Partial List of
Past Attendees

1-800-Radiator & A.C.

Angle Advisors

Antares Capital

Automotive Aftermarket Suppliers Association

BB&T Capital Markets

BC Partners

BDO Capital Advisors

BlackArch Partners

Camshaft Machine Co.

Carlisle & Co.

Carlyle Group

Cor Capital Group

Curran Companies

D. A. Davidson & Co.

Eco-Gear

Falcon Legacy

FCP Groton

Grant Thornton

Greenbriar Equity

Gryphon Investors

GulfStar Group

Howard & Howard

IDQ Holdings

Lincoln International

Marubeni America

Marx Group Advisors

MidOcean Partners

Motoring Ventures

National Retail Concept Partners

ONCAP Management

Oppenheimer & Co.

Parts Authority

Penfund

Piper Jaffray & Co.

Plante Moran

Profit Velocity Solutions

Relativity Capital

Robert W. Baird & Co.

Service King

ShoreView Industries

TZP Group

Variant Capital

Wash Depot Holdings

Wazoo Motorsports

Wealth Partners Capital

From Self-Driving Cars
To Tariffs & Consolidations
--
How Should Private Equity Invest
In the Future of Driving?

 

 Private Equity Investing

In Automotive-Related Companies

                     

CHAIRED BY

Jonathan Saltzman

Managing Director

Torque Capital Group LLC

 


FULL-DAY CONFERENCE

Thursday, September 27, 2018

8:00 am – 5:00 pm

New York City

 

REGISTER NOW

 

MARQUEE SPONSOR
Plante Moran

 

SHOWCASE SPONSOR
Korn Ferry

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Brandon C. Bethea, Aterian Investment Partners LLC

Todd Cassidy, Raymond James & Associates Inc.

Adam W. Czaia, Robert W. Baird & Co. Inc.

John J. Daileader, Greenbriar Equity Group LLC

Robert B. Field, Sawaya Segalas & Co. LLC

Daron Gifford, Plante Moran

Gordon M. Heidacker, Great American Group LLC

Evan Hershberg, formerly ONCAP Management Partners LP

Thomas L. Jarvis, Winston & Strawn LLP

Talal Kakish, Calsonic Kansei Corporation

Franklin McLarty, The Firmament Group

Justin E. Mirro, Kensington Capital Partners LLC

Lee Mlotek, Monomoy Capital Partners

Abel Osorio, Turnspire Capital Partners

M. Daniel Smith, Capstone Financial Group Inc.

Kelly B. Stotler, Capitala Investment Advisors

Thomas L. Tuttle, Kinderhook Industries LLC

Edward Witz, Barclays Capital Inc.



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

As the auto industry undergoes dramatic upheaval, how soon is too soon for private equity firms to make bets on new technologies like self-driving, semi-autonomous, or electric cars?

 

What’s more, these new technologies are only a few of the disruptive forces rocking the auto industry and its investors. 

 

For example, look at the megamergers that are creating auto parts titans, such as Tenneco’s $5.4 billion deal to acquire Federal-Mogul, and LKQ Corp.’s ongoing acquisition sprees,
and the growing influence of other large players that create ripple effects in the middle-market.

 

As all this consolidation shifts the industry’s power dynamics, private equity investors are asking whether their own platforms must grow and innovate -- or else must they exit and join the wave.

 

And look at how new tariffs on aluminum and steel and how new trade negotiations with key automotive industry partners call for more nimble supply chain strategies.

 

Register now to hear The Capital Roundtable’s 20 expert panelists discuss ways to factor these new disruptive forces into your due diligence, and to gain valuable insights as our speakers assess the outlook for “Private Equity Investing in Automotive-Related Companies” on Thursday, September 27, 2018, in New York City.

 

 

Here Are Three Key Reasons Why You Should Join Us

 

  1. Technology change will create winners and losers in the automotive industry. Hear our experts’ views on how to stay ahead of the curve without stumbling into overly risky investments that are better suited for strategics or venture capital firms.

  2. Consolidation is going strong, especially in the aftermarket. Learn strategies for navigating the “consolidate or be consolidated” atmosphere, and get new investment ideas. 

  3. An uncertain regulatory and political environment creates challenges across the auto industry and impacts M&A. Speakers will discuss tariffs and trade wars and beyond, as well as ways to position portfolio companies to weather a variety of outcomes.

 

 

Outsized rewards may accrue to firms who scale up before their competitors do, but cautionary tales abound for early adopters --

 

  • Despite the potential for self-driving cars to transform the industry, fatal crashes by Tesla and Uber, and Waymo vehicles using semi-autonomous systems demonstrated that the technology needs improved safeguards.

  • Cars collect ever-increasing troves of information about their drivers, but a battle is brewing over who owns that data, raising questions for investors hoping to extract value from it.

  • The growing popularity of electric and hybrid vehicles is pressuring the auto part and aftermarket segments to adapt. Handicapping the rate of market penetration is crucial for suppliers, servicers, and sponsors determining how much to invest.

  • E-commerce is changing the way the auto industry does business. For example, Amazon already has a significant presence in the auto parts segment, and brick-and-mortar-focused players can learn from other industries’ experiences facing down the giant.

  • Enthusiasm about the ride-hailing segment has stoked heady valuations for Uber and Lyft and inspired a slew of start-ups. Are private equity firms better off courting ride-hailing companies and other vehicle fleets as customers in the aftermarket, or are there attractive opportunities for direct investments?

Click here to Register to Hear Our 20+ Speakers Address Key Points Such As --

 

  • What segments of the auto industry have the best M&A prospects this year, and where can private equity find the most value?

  • Consolidation in the auto parts sector is expected to maintain its current fast pace. What will those deals look like?

  • How do private equity firms justify doing deals at current high valuations?

  • Where are the acquisition opportunities for private equity firms in the tech-focused parts of the automotive world? Should private equity focus mainly on tech-enabled components, or is it time to take a more direct approach?

  • How will changing consumer tastes, such as the demand shift away from passenger cars toward SUVs and smaller “crossover” SUVs, affect different segments in the industry?

  • How can private equity firms prepare their portfolios for the current unpredictable regulatory and trade environment? What can private equity firms do to insulate their portfolio companies’ supply chains from regulatory risks?

  • What is the outlook for raw material costs, and how severely will tariffs on steel, aluminum, and auto parts affect the industry?

  • What are the most important points that investors in auto-related companies should keep in mind during due diligence?

  • Given all of the uncertainties surrounding technology and trade, couples with premium valuations, are there any industry segments private equity investors should avoid until the dust settles?

  •  How will Tenneco’s acquisition of Federal-Mogul impact customers and competitors across the industry?

  • What can private equity firms learn from Icahn’s broad investments in the auto industry and experiments with vertical integration, from Federal-Mogul to Pep Boys, Hertz, Lyft, and other targets?

  • As auto parts retailer LKQ Corp. spearheads major consolidation throughout Europe, are more European deals to come?

Register Now to Join Jonathan Saltzman

And More Than 20 Industry Experts

 

Chairing our conference is Jonathan Saltzman, a managing director of Connecticut-based Torque Capital Group, which he co-founded in 2010. His role spans sourcing, structuring, and financing of investments, as well as managing portfolio companies.

 

Torque focuses on middle-market investments in the manufacturing sector, with a special interest in automotive (aftermarket and OEM), aerospace and defense, medical devices, building products, and general industrials.

 

Jonathan is a director for two auto parts makers -- Brake Parts Inc. and Remy Power Products. He also sits on the board of J-Pac Medical, a medical outsourced manufacturer. Before cofounding Torque, Jonathan was a senior investment professional at private equity firm The Cypress Group. Previously, he sourced and led deals at BG Strategic Advisors, a boutique investment bank focused on the supply chain sector.

Jonathan has also served as corporate finance manager for Amsterdam-based transportation, logistics, and shipping concern TNT NV. Earlier in his career, he held roles at Solomon Brothers’ Financial Institutions Group and Ernst & Young’s Financial Services Group.

 

Jonathan is a CPA. He earned an MBA from The Anderson School at UCLA, and a BBA with highest distinction at Emory University.

 

 

 

 Recent Middle-Market PE Automotive-Related Deals

 

  • Hidden Harbor Capital Partners acquired the aftermarket division of Cloyes Gear & Products.
     
  • River Associates Investments bought GAHH, a designer, manufacturer, and marketer of aftermarket convertible tops, Jeep tops, seat covers, and vehicle interiors.

  • Clearlake Capital Group partnered with Wheel Pros Holdings’ management for a buyout of the designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories.

  • Kinderhook Industries and the McSweeney family purchased SCA Performance, an OEM authorized specialty vehicle manufacturer for light-duty trucks.

  • Through its Whitewater Brands platform, Rock Gate Partners bought Auto Body Toolmart, which manufactures and distributes equipment and tools to customers such as auto body repair shops.

  • CenterOak Partners formed automotive glass and claims-management company TruRoad Holdings through its investment in JN Phillips Auto Glass and its subsequent combination with Techna Glass.

  • Stellex Capital Management purchased Fenix Parts, a recycler and reseller of OEM automotive products in the eastern U.S. and Ontario.

  • Oak Hill Capital Partners acquired Safe Fleet, a provider of safety-related products and services to fleet vehicle manufacturers and operators.

  • DexKo Global, a portfolio company of KPS Capital, bought light and medium duty axle brake maker Kodiak.

  • Olympus Partners-backed Innovative Xcessories & Services purchased protective coatings producer Ultimate Linings and injection molding products maker Kingsville Plastics. 

 

This Capital Roundtable conference is the ideal place to expand your network and open up pathways to future deals. The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable new connections
  • Share both ideas and business cards
  • Meet potential investment partners and clients

Keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Julie Berger today to confirm your attendance at 212-832-7300 ext. 0 or jberger@capitalroundtable.com



 

 Who Should Attend

 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, BDC, and Lending Funds, as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants, & Other Advisors Who Support Them.

 

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We look forward to having you join us on Thursday, September 27, 2018.

 

Conference Organizers

 

This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community.  For more information about The Capital Roundtable’s 30 annual conferences and other events and programs, please visit www.capitalroundtable.com.

 

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 Speaking & Business Development Opportunities

 

We offer excellent speaking, marketing, and business development opportunities to reach the middle‑market private equity community. For more details, please contact Kellie Green or Claire Notton at 212-832-7300 or by email at kgreen@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Julie Berger at jberger@capitalroundtable.com or 212-832-7300 ext. 0.

 

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Who We Are

 

This Capital Roundtable conference in midtown, New York City, is all-business, all-targeted, all-designed to be a completely focused day of practical information and revealing insights. You’ll gain valuable insights from --

  • Three informative panel discussions
  • Two revealing keynote presentations
  • Real-world perspectives from PE investors
  • Industry outlooks from noted sector experts
  • War stories and lessons learned from experienced hands

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Faculty

Chaired By

  • Jonathan Saltzman, Managing Director, Torque Capital Group LLC

 

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Brandon C. Bethea, Principal, Aterian Investment Partners LLC
  • Todd Cassidy, Managing Director, Raymond James & Associates Inc.
  • Adam W. Czaia, Managing Director, Robert W. Baird & Co. Inc.
  • John J. Daileader, Managing Partner, Greenbriar Equity Group LLC
  • Robert B. Field, Director, Sawaya Segalas & Co. LLC
  • Daron Gifford, Partner, Plante Moran
  • Gordon M. Heidacker, Managing Dir. & Group Head--Automotive Sector, Great American Group LLC
  • Evan Hershberg, former Managing Director, ONCAP Management Partners LP
  • Thomas L. Jarvis, Partner & Chair--ITC Practice, Winston & Strawn LLP
  • Talal Kakish, Vice President, Calsonic Kansei Corporation
  • Franklin McLarty, Co-founder & Co-President, The Firmament Group
  • Justin E. Mirro, President, Kensington Capital Partners LLC
  • Lee Mlotek, Director, Monomoy Capital Partners
  • Abel Osorio, Principal, Turnspire Capital Partners
  • M. Daniel Smith, President, Capstone Financial Group Inc.
  • Kelly B. Stotler, Director, Capitala Investment Advisors
  • Thomas L. Tuttle, Managing Director, Kinderhook Industries LLC
  • Edward Witz, Managing Director, Barclays Capital Inc.

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Schedule

 

 

07:30-08:30

Networking & Registration & Breakfast

08:30-09:00

Welcoming Remarks & Audience Self-Introductions

09:00-9:30

Chairman’s Introduction --

  • Jonathan Saltzman, Torque Capital Group LLC
09:30-10:00

Morning Keynote --

  • Daron Gifford, Plante Moran

10:00-10:45

Networking & Coffee

10:45-11:45

First Panel -- 

The Future of Driving --
Where the Data Meets the Road

 

11:45-12:30

Keynote Interview

12:30-01:30 Networking & Luncheon

01:30-02:30

Second Panel --

Non-Cyclical & Non-Discretionary --
Identifying Deals in the Parts, Suppliers, & Aftermarket Segments

 

02:30-02:45

Networking & Dessert

 


02:45-03:30

Afternoon Conversation --

M&A in a Shifting Regulatory Environment --
Managing the Details of Tariffs, Tax Reform, & Environmental Standards

 

03:30-04:30

Third Panel --

Innovation vs. Exiting, Consolidation vs. Acquisition --
Which Strategies Work Best for Automotive-Related Companies

04:30

Networking & Adjournment


  

 

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Registration

Space at this conference is limited, so register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Julie Berger today to confirm your attendance at 212-832-7300 ext. 0 or jberger@capitalroundtable.com.

 

Please note that The Capital Roundtable limits the number of registrants from a single firm to three.

 

  • Best Rate -- Early Registration -- Save $400 off the standard fee of $1495 when you register by Friday, August 3. Just $1095.

 

  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, August 24, and the fee for the conference is $1295.

 

  • Conference Rate -- $1,495 increasing to $1,595 day of conference, space permitting.

 

  • Group Rate -- $995 each, when you register two or more people to attend from the same company.

 

Register Now

 

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., 747 Third Avenue, Suite 200, New York, NY 10017.

Have a special question? Please contact Julie Berger at jberger@capitalroundtable.com or 212-832-7300 ext. 0.

 

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.

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Location

The University Club

Midtown, NYC

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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.

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Sponsorships

We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claire Notton at 212-832-7300 ext.117, or by email at cnotton@capitalroundtable.com.

 

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